George Soros’s Soros Fund Management LLC reduced its stake in one major gold miners exchange traded fund during the fourth quarter while eliminating its position in another.

Soros Fund Management sold 200,000 shares of the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) during the fourth quarter, eliminating its position in the second-largest gold miners ETF, according to a 13F filing with the Securities and Exchange Commission.

The hedge fund also reduced its position in the Market Vectors Gold Miners ETF (NYSEArca: GDX), the largest gold miners ETF, by 27% while eliminating its position in GDX call options. Soros Fund Management also eliminated its position in Barrick Gold (NYSE: ABX), GDX’s second-largest holding. The firm held nearly 484,000 shares of Barrick at the end of the third quarter.[Paulson, Soros Stick With Gold ETFS in Q3]

Gold miners ETFs, including GDX and GDXJ, are among this year’s best-performing non-leveraged as miners are outpacing bullion. GDX is up nearly 12% this year and ranks as the seventh-best non-leveraged ETF to this point in 2015.

Over the next five weeks, 23% of the Market Vectors Junior Gold Miners Index’s weight, GDXJ’s underlying index, delivers earnings reports. [Earnings Tests for Gold Miners ETFs]

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