VANECK ETF TRUST

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

Mader & Shannon Wealth Management, Inc.'s Holding History (CIK: 0001535862)

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

Q4 2025
Shares 152,812 Value ($000) $11,675 Avg Close — Range —
Q3 2025
Shares 152,812 Value ($000) $11,675 Avg Close — Range —
Q2 2025
Shares 148,887 Value ($000) $7,751 Avg Close — Range —
Q1 2025
Shares 230,593 Value ($000) $10,600 Avg Close — Range —
Q4 2024
Shares 227,744 Value ($000) $7,723 Avg Close — Range —
Q3 2024
Shares 235,277 Value ($000) $9,369 Avg Close — Range —
Q2 2024
Shares 235,021 Value ($000) $7,974 Avg Close — Range —
Q1 2024
Shares 228,911 Value ($000) $7,238 Avg Close — Range —
Q4 2023
Shares 246,532 Value ($000) $7,645 Avg Close — Range —
Q3 2023
Shares 245,399 Value ($000) $6,604 Avg Close — Range —
Q2 2023
Shares 239,267 Value ($000) $7,204 Avg Close — Range —
Q1 2023
Shares 225,184 Value ($000) $7,285 Avg Close — Range —
Q4 2022
Shares 257,512 Value ($000) $7,380 Avg Close — Range —
Q2 2022
Shares 107,407 Value ($000) $2,941 Avg Close — Range —
Q1 2022
Shares 108,187 Value ($000) $4,149 Avg Close — Range —
Q4 2021
Shares 105,809 Value ($000) $3,389 Avg Close — Range —
Q3 2021
Shares 70,408 Value ($000) $2,075 Avg Close — Range —
Q2 2021
Shares 72,045 Value ($000) $2,448 Avg Close — Range —
Q1 2021
Shares 68,223 Value ($000) $2,217 Avg Close — Range —
Q4 2020
Shares 62,593 Value ($000) $2,255 Avg Close — Range —
Q3 2020
Shares 61,018 Value ($000) $2,389 Avg Close — Range —
Q2 2020
Shares 83,430 Value ($000) $3,060 Avg Close — Range —
Q1 2020
Shares 78,988 Value ($000) $1,819 Avg Close — Range —
Q4 2019
Shares 78,551 Value ($000) $2,299 Avg Close — Range —
Q3 2017
Shares 208,978 Value ($000) $4,798 Avg Close — Range —
Q2 2017
Shares 211,975 Value ($000) $4,680 Avg Close — Range —