David Einhorn and John Paulson, two of the world’s most prominent hedge fund managers, maintained their significant positions in the two largest gold ETFs during the third quarter of this year.

According to the latest 13-F filing for Einhorn’s Greenlight Capital, the firm made no changes to its 6.0 million share position in the Market Vectors Gold Miners ETF (GDX) – which is comprised of many of the world’s largest gold and silver companies. Greenlight’s holdings represent approximately 3.3% of the GDX’s outstanding shares.

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Paulson & Co. once again remained the largest holder of the SPDR Gold Trust (GLD), the most liquid gold price proxy in the equity markets, with 21.8 million shares. The position represents approximately 5% of the GLD’s outstanding shares.

While Paulson’s firm kept its large stake in the GLD, it reduced its positions in two of the world’s largest gold producers. Paulson & Co. cut its holdings of AngloGold Ashanti (AU) by 4.4 million shares, or 13.3%, and its shares of Gold Fields (GFI) by 11.5 million, or 63.7%.

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