At the end of the second quarter, hedge funds owned nearly 3% of GLD’s shares outstanding, 1.7% of IAU and 2.4% of SGOL.
During the third quarter, Paulson also maintained stakes, without alteration, in gold miners, including Randgold Resources (NasdaqGS: RAND), Agnico-Eagle Mines (NYSE: AEM), Gold Fields (NYSE: GFI), Sibanye Gold (NasdaqGS: SBGL) and IAMGOLD (NYSE: IAG).
Those stocks combine for 14% of the Market Vectors Gold Miners ETF (NYSEArca: GDX), an ETF that tumbled 18.6% in the third quarter.
SPDR Gold Shares
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.