Van Eck Holdings of NST

As you may be aware the investment company Van Eck has two Gold ETFs:

The GDX for the biggest gold mining companies worldwide and the GDXJ for Junior gold miners.

I just had a look at their current distributions/holding and saw that Northern Stars position has significantly increased since i last looked (which is some months in the past)

In the GDX, NST is currently the 12th biggest position with 2.44% of the total ETF (ca. 34 Mio NST shares):

https://www.vaneck.com/etf/equity/gdx/holdings/

while in the GDXJ, NST is the top position with 6,32 % of the total ETF ( ca. 45 Mio NST shares)

https://www.vaneck.com/etf/equity/gdxj/holdings/

Of course this large holding of some gold ETFs could be a double edged sword, NSTs share price is and will be decided by global investors to a large degree. In/Outflows in these ETFs will move this stock considerably. There could also be the possibility, that Northern Star at some point in time will not be considered Junior any longer, meaning, they could be kicked out of the GDXJ. While on the other hand their ranking in the GDX could improve further, as the company "matures" with increased production, resources and reserves.

As i write (afternoon in Europe, midday in the US), we have a rather fine day for Gold, and both the GDX and GDXJ are currently deeply in the green territory ( 3-4 % plus). I think this will have an impact on Fridays ASX trading activity.