David Einhorn’s Greenlight Capital owns 8.52 million shares of GDX, worth some $151.28 million,” according to Insider Monkey.
Other ETFs that are widely held by hedge funds include GLD, the largest ETF backed by physical holdings of gold and the SPDR S&P 500 ETF (NYSEArca: SPY), the world’s largest ETF. The iShares Russell 2000 ETF (NYSEArca: IWM), the largest small-cap ETF, is another hedge fund favorite. Insider Monkey notes “38 investors disclosed holdings with an aggregate value of $2.51 billion” in IWM at the end of the second quarter.
iShares Russell 2000 ETF
Tom Lydon’s clients own shares of EEM, GLD, HYG, IWM, LQD and SPY.