VANECK ETF TRUST

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

BW Gestao de Investimentos Ltda.'s Holding History (CIK: 0001568280)

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

Q1 2025
Shares 152,000 Value ($000) $6,987 Avg Close — Range —
Q1 2024
Shares 141,925 Value ($000) $4,488 Avg Close — Range —
Q3 2023
Shares 226,935 Value ($000) $6,107 Avg Close — Range —
Q4 2022
Shares 134,600 Value ($000) $4 Avg Close — Range —
Q3 2022
Shares 273,000 Value ($000) $6,585 Avg Close — Range —
Q4 2021
Shares 625,200 Value ($000) $20,025 Avg Close — Range —
Q3 2021
Shares 940,800 Value ($000) $27,725 Avg Close — Range —
Q1 2021
Shares 630,500 Value ($000) $20,491,250 Avg Close — Range —
Q4 2020
Shares 280,000 Value ($000) $10,086 Avg Close — Range —