According to a disclosure filed by Gimbal Financial with the U.S. Securities and Exchange Commission on November 4, 2025, the investment advisor established a new position in the iShares MSCI Global Gold Miners ETF (RING) during the third quarter of 2025, purchasing 76,223 shares in a transaction valued at approximately $4.93 million. As of September 30, 2025, this newly established position accounted for 2.96% of the assets under management listed in its 13F report, ranking as the tenth largest holding in the firm’s investment portfolio.
The filing also revealed Gimbal Financial’s major holdings composition as of the same period: its largest holding was IVV, with a value of $26.48 million, representing 15.9% of managed assets; followed by ICLN at $17.59 million, accounting for 10.6%; RPG at $16.99 million, representing 10.2%; XMMO at $16.85 million, accounting for 10.1%; and IYC at $16.61 million, representing 10.0%. The firm held a total of 55 stocks, with a total value exceeding $155 million.
The iShares MSCI Global Gold Miners ETF aims to track an index developed by MSCI, providing investors with targeted exposure to the gold mining industry by investing at least 80% of its assets in gold mining companies from both developed and emerging markets globally. Its portfolio primarily consists of stocks of companies engaged in gold mining operations, utilizes a non-diversified structure, and includes at least 30 constituent stocks.
This ETF has demonstrated strong performance recently. As of November 3, 2025, the RING share price was $61.08, having risen 88.17% over the past year, outperforming the S&P 500 Index by 67.67 percentage points. Year-to-date, the ETF has surged 118%, significantly exceeding the S&P 500’s total return of 18%. The robust performance of gold prices and gold mining companies this year is a key reason prompting major institutional investors to increase their holdings in this sector. Gimbal Financial’s establishment of this nearly $5 million position exemplifies this market trend.
