Hedge Funds Love These ETFs

#3 Market Vectors Gold Miners ETF (NYSE:GDX)

– Number of Hedge Fund Holders (as of September 30): 35
– Total Value of Hedge Fund Holdings (as of September 30): $580.37 million

Hedge fund sentiment in Market Vectors Gold Miners ETF (NYSE:GDX), the ETF that seeks to replicate the price and yield performance of the NYSE Arca Gold Miners Index (before fees and expenses), has remained relatively constant. A total of 35 elite funds owned around $580.37 million of GDX shares on September 30. Given that many gold companies have been beaten up and absolutely hated, the Gold Miners ETF has the potential to spike if good news for gold were to occur.

#2 SPDR Gold Trust (ETF) (NYSE:GLD)

– Number of Hedge Fund Holders (as of September 30): 52
– Total Value of Hedge Fund Holdings (as of September 30): $6.46 billion

Although gold prices have been on a downtrend lately as the U.S. raises interest rates and the U.S. dollar rallies, there are still plenty of reasons to own gold. With crude prices so low, geopolitical conflicts are bound to bubble up in the Middle East. If Turkey shoots down another Russian bomber, or if the situation in the South China Sea escalates beyond a war of words, look for gold futures prices to rally. By being the largest gold ETF, SPDR Gold Trust (ETF) (NYSE:GLD) is also one of the best to get gold exposure, as the ETF has a low expense ratio of 0.4%. 52 elite funds owned over $6 billion shares of GLD at the end of the third quarter, with John Paulson‘s Paulson & Co and Wayne Cooperman‘s Cobalt Capital Management among them. First Eagle Investment Management owned 4.71 million shares as of the latest reporting period.