VANECK ETF TRUST

Ticker: GDX CUSIP: 92189F106 Class: GOLD MINERS ETF

Cutler Capital Management, LLC's Holding History (CIK: 0001353098)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 23,387 Value ($000) $2,006 Avg Close — Range —
Q3 2025
Shares 23,657 Value ($000) $1,807 Avg Close — Range —
Q2 2025
Shares 24,452 Value ($000) $1,273 Avg Close — Range —
Q1 2025
Shares 26,752 Value ($000) $1,230 Avg Close — Range —
Q4 2024
Shares 31,212 Value ($000) $1,058 Avg Close — Range —
Q3 2024
Shares 30,037 Value ($000) $1,196 Avg Close — Range —
Q2 2024
Shares 26,987 Value ($000) $916 Avg Close — Range —
Q1 2024
Shares 26,987 Value ($000) $853 Avg Close — Range —
Q4 2023
Shares 23,667 Value ($000) $734 Avg Close — Range —
Q3 2023
Shares 21,953 Value ($000) $591 Avg Close — Range —
Q2 2023
Shares 20,347 Value ($000) $613 Avg Close — Range —
Q1 2023
Shares 14,453 Value ($000) $468 Avg Close — Range —
Q4 2022
Shares 14,553 Value ($000) $417 Avg Close — Range —
Q3 2022
Shares 15,234 Value ($000) $367 Avg Close — Range —
Q2 2022
Shares 12,694 Value ($000) $348 Avg Close — Range —
Q1 2022
Shares 10,794 Value ($000) $414 Avg Close — Range —
Q4 2021
Shares 10,794 Value ($000) $346 Avg Close — Range —
Q3 2021
Shares 6,610 Value ($000) $195 Avg Close — Range —
Q2 2021
Shares 3,685 Value ($000) $125 Avg Close — Range —
Q1 2021
Shares 3,490 Value ($000) $113 Avg Close — Range —