VANECK ETF TRUST

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

Cheviot Value Management, LLC's Holding History (CIK: 0001427147)

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

Q4 2025
Shares 58,977 Value ($000) $6,615 Avg Close — Range —
Q3 2025
Shares 65,889 Value ($000) $4,679 Avg Close — Range —
Q2 2025
Shares 67,549 Value ($000) $3,922 Avg Close — Range —
Q1 2025
Shares 68,244 Value ($000) $3,325 Avg Close — Range —