Vault-13

VANECK ETF TRUST SHYD

SHRT HGH YLD MUN · ETP · CUSIP 92189F387

145 institutional holders +14 vs Q3 2025
10,924,71710.9m shares reported held*
$250.3mreported value*
15 new 63 added 33 reduced 9 sold out net bought ≈ $13.6m (+594.1k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($340.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.91.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 102Q4 22: 108Q1 23: 112Q2 23: 109Q3 23: 111Q4 23: 120Q1 24: 108Q2 24: 114Q3 24: 118Q4 24: 126Q1 25: 124Q2 25: 131Q3 25: 131Q4 25: 145145Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022102
Q4 2022108
Q1 2023112
Q2 2023109
Q3 2023111
Q4 2023120
Q1 2024108
Q2 2024114
Q3 2024118
Q4 2024126
Q1 2025124
Q2 2025131
Q3 2025131
Q4 2025145

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q1 24: 43 bought or addedQ1 24: 55 cut or sold outQ2 24: 46 bought or addedQ2 24: 49 cut or sold outQ2 24Q3 24: 50 bought or addedQ3 24: 46 cut or sold outQ4 24: 67 bought or addedQ4 24: 48 cut or sold outQ4 24Q1 25: 61 bought or addedQ1 25: 49 cut or sold outQ2 25: 64 bought or addedQ2 25: 55 cut or sold outQ2 25Q3 25: 75 bought or addedQ3 25: 40 cut or sold outQ4 25: 78 bought or addedQ4 25: 42 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244355
Q2 20244649
Q3 20245046
Q4 20246748
Q1 20256149
Q2 20256455
Q3 20257540
Q4 20257842

Biggest buyers

WELLS FARGO & COMPANY/MN Added +205,301+205.3k
MERCER GLOBAL ADVISORS INC /ADV Added +170,030+170.0k
BANK OF AMERICA CORP /DE/ Added +131,812+131.8k
GOLDMAN SACHS GROUP INC New +78,054+78.1k
ROYAL BANK OF CANADA Added +72,605+72.6k
UBS Group AG Added +68,907+68.9k
SAGE FINANCIAL GROUP INC New +60,150+60.1k
Cetera Investment Advisers Added +46,927+46.9k
Fifth Third Securities, Inc. New +37,484+37.5k
Hamilton Wealth, LLC Added +31,442+31.4k

Biggest sellers

Dakota Wealth Management Reduced -242,806-242.8k
MORGAN STANLEY Reduced -155,578-155.6k
Elequin Capital, LP Sold out -58,807-58.8k
Ocean Park Asset Management, LLC Reduced -56,800-56.8k
OSAIC HOLDINGS, INC. Reduced -48,281-48.3k
Sanctuary Advisors, LLC Reduced -47,193-47.2k
Envestnet Portfolio Solutions, Inc. Sold out -22,252-22.3k
Modern Wealth Management, LLC Sold out -13,938-13.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -11,220-11.2k
JPMORGAN CHASE & CO Reduced -10,636-10.6k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MERCER GLOBAL ADVISORS INC /ADV 0.06% of their portfolio DENVER, CO 1,833,0171.8m $42.0m $42.0m 0.06% Added +170.0k +170,030
2 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,484,9741.5m $34.0m $34.0m 0.01% Added +205.3k +205,301
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 842,220842.2k $19.3m $19.3m 0.00% Reduced -155.6k -155,578
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 776,550776.5k $17.8m $17.8m 0.00% Added +131.8k +131,812
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 335,339335.3k $7.7m $7.7m 0.00% Added +18.7k +18,696
6 FIRST FOUNDATION ADVISORS 0.27% of their portfolio Irvine, CA 307,757307.8k $7.1m $7.1m 0.27% Added +8.7k +8,727
7 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 285,315285.3k $6.5m $6.5m 0.01% Added +288 +288
8 Fragasso Financial Advisors Inc 0.37% of their portfolio SEWICKLEY, PA 269,364269.4k $6.2m $6.2m 0.37% Reduced -3.0k -2,970
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 226,793226.8k $5.2m $5.2m 0.00% Added +68.9k +68,907
10 GREAT VALLEY ADVISOR GROUP, INC. 0.09% of their portfolio WILMINGTON, DE 203,526203.5k $4.7m $4.7m 0.09% Reduced -9.3k -9,343
11 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 185,440185.4k $4.2m $4.2m 0.00% Reduced -11.2k -11,220
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 180,243180.2k $4.1m $4.1m 0.00% Added +10.9k +10,943
13 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 177,887177.9k $4.1m $4.1m 0.00% Added +24.8k +24,800
14 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 144,622144.6k $3.3m $3.3m 0.00% Added +46.9k +46,927
15 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 137,701137.7k $3.2m $3.2m 0.00% Reduced -1.4k -1,448
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 125,193125.2k $2.9m $2.9m 0.00% Added +72.6k +72,605
17 Willis Johnson & Associates, Inc. 0.18% of their portfolio Houston, TX 125,047125.0k $2.9m $2.9m 0.18% Added +1.3k +1,278
18 Dynamic Advisor Solutions LLC 0.08% of their portfolio PHOENIX, AZ 115,086115.1k $2.6m $2.6m 0.08% Reduced -6.6k -6,648
19 Hamilton Wealth, LLC 0.44% of their portfolio LOS ANGELES, CA 101,978102.0k $2.3m $2.3m 0.44% Added +31.4k +31,442
20 High Net Worth Advisory Group LLC 0.53% of their portfolio NAPLES, FL 100,000100.0k $2.3m $2.3m 0.53% Reduced -2.1k -2,063
21 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 90,51690.5k $2.1m $2.1m 0.00% Added +26.9k +26,861
22 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 81,05381.1k $1.9m $1.9m 0.00% Reduced -48.3k -48,281
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 78,05478.1k $1.8m $1.8m 0.00% New
24 PURE PORTFOLIOS HOLDINGS LLC 0.54% of their portfolio LAKE OSWEGO, OR 78,02378.0k $1.8m $1.8m 0.54% Added +1.4k +1,441
25 Midwestern Financial, LLC /IA 1.44% of their portfolio IOWA CITY, IA 76,19576.2k $1.7m $1.7m 1.44% Added +21.6k +21,636
26 Wealthspire Advisors, LLC 0.01% of their portfolio NEW YORK, NY 70,99271.0k $1.6m $1.6m 0.01% Reduced -1.7k -1,735
27 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.02% of their portfolio MINNEAPOLIS, MN 67,14067.1k $1.5m $1.5m 0.02% Added +12.9k +12,866
28 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 63,54663.5k $1.5m $1.5m 0.01% Added +12.0k +11,969
29 Rehmann Capital Advisory Group 0.07% of their portfolio LANSING, MI 62,20262.2k $1.4m $1.4m 0.07% Added +2 +2
30 Capital Advisors Wealth Management, LLC 0.19% of their portfolio YAKIMA, WA 61,03061.0k $1.4m $1.4m 0.19% Added +11.1k +11,136
31 SAGE FINANCIAL GROUP INC 0.09% of their portfolio W. CONSHOHOCKEN, PA 60,15060.1k $1.4m $1.4m 0.09% New
32 Breakwater Capital Group 0.18% of their portfolio PARAMUS, NJ 57,79657.8k $1.3m $1.3m 0.18% Added +2.7k +2,736
33 Pure Financial Advisors, LLC 0.02% of their portfolio SAN DIEGO, CA 57,08157.1k $1.3m $1.3m 0.02% Unchanged
34 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 55,92655.9k $1.3m $1.3m 0.02% Reduced -242.8k -242,806
35 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 52,66552.7k $1.2m $1.2m 0.01% Reduced -47.2k -47,193
36 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 50,37550.4k $1.2m $1.2m 0.00% Added +3.0k +3,018
37 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 49,50649.5k $1.1m $1.1m 0.01% Added +22.4k +22,436
38 Sowell Financial Services LLC 0.04% of their portfolio NORTH LITTLE ROCK, AR 47,83147.8k $1.1m $1.1m 0.04% Added +369 +369
39 Cascade Financial Partners, LLC 0.11% of their portfolio SAN DIEGO, CA 47,80347.8k $1.1m $1.1m 0.11% Added +2.8k +2,846
40 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 47,66247.7k $1.1m $1.1m 0.00% Added +968 +968
41 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 47,11647.1k $1.1m $1.1m 0.01% Added +11.8k +11,799
42 EAGLE GLOBAL ADVISORS LLC 0.04% of their portfolio Houston, TX 46,56446.6k $1.1m $1.1m 0.04% Added +27.6k +27,580
43 RMR Wealth Builders 0.08% of their portfolio Montclair, NJ 44,12444.1k $1.0m $1.0m 0.08% Added +3.6k +3,574
44 Diversify Advisory Services, LLC 0.03% of their portfolio SANDY, UT 43,50243.5k $1.0m $1.0m 0.03% Added +522 +522
45 CARY STREET PARTNERS FINANCIAL LLC 0.02% of their portfolio RICHMOND, VA 42,92042.9k $983.3k $983.3k 0.02% Added +320 +320
46 TRUSTMARK BANK TRUST DEPARTMENT 0.06% of their portfolio JACKSON, MS 42,83842.8k $981.4k $981.4k 0.06% Reduced -220 -220
47 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 42,28542.3k $968.8k $968.8k 0.00% Added +7.1k +7,074
48 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 42,20442.2k $967.7k $967.7k 0.00% Reduced -771 -771
49 JACOBSON & SCHMITT ADVISORS, LLC 0.16% of their portfolio MIDDLETON, WI 41,56741.6k $952.3k $952.3k 0.16% Reduced -2.9k -2,926
50 DEAN INVESTMENT ASSOCIATES, LLC 0.13% of their portfolio BEAVERCREEK, OH 41,00041.0k $939.3k $939.3k 0.13% Unchanged
51 Blake Schutter Theil Wealth Advisors, LLC 0.77% of their portfolio DAYTON, OH 41,00041.0k $939.3k $939.3k 0.77% Unchanged
52 CROBAN 0.44% of their portfolio FREMONT, OH 39,97340.0k $915.4k $915.4k 0.44% Added +10.1k +10,074
53 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 37,71337.7k $864.0k $864.0k 0.02% Added +1.9k +1,884
54 Fifth Third Securities, Inc. 0.06% of their portfolio Cincinnati, OH 37,48437.5k $858.8k $858.8k 0.06% New
55 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 35,88035.9k $822.0k $822.0k 0.00% Added +1.8k +1,825
56 NAPLES GLOBAL ADVISORS, LLC 0.06% of their portfolio NAPLES, FL 35,52535.5k $813.9k $813.9k 0.06% Reduced -1.4k -1,425
57 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 30,74430.7k $704.3k $704.3k 0.01% Unchanged
58 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 30,52430.5k $699.3k $699.3k 0.00% Added +17.9k +17,943
59 NewSquare Capital LLC 0.06% of their portfolio NEWTOWN SQUARE, PA 27,56227.6k $631.4k $631.4k 0.06% Reduced -4.0k -3,974
60 Occidental Asset Management, LLC 0.08% of their portfolio Burlingame, CA 27,31927.3k $625.9k $625.9k 0.08% Added +3.6k +3,600
61 GWN SECURITIES INC. 0.13% of their portfolio Palm Beach Gardens, FL 27,09627.1k $620.8k $620.8k 0.13% Added +9.5k +9,490
62 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 25,74825.7k $589.9k $589.9k 0.00% Reduced -544 -544
63 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 22,84422.8k $523.4k $523.4k 0.00% Unchanged
64 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 22,60522.6k $517.9k $517.9k 0.00% Added +4.4k +4,384
65 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 21,88621.9k $501.4k $501.4k 0.00% Unchanged
66 Curtis Advisory Group, LLC 0.10% of their portfolio SANTA BARBARA, CA 21,51121.5k $492.8k $492.8k 0.10% Unchanged
67 BCS Wealth Management 0.05% of their portfolio JOHNSON CITY, TN 20,98821.0k $480.8k $480.8k 0.05% Added +10.5k +10,494
68 Allen Capital Group, LLC 0.04% of their portfolio GRAND ISLAND, NE 20,75720.8k $475.5k $475.5k 0.04% Unchanged
69 Bison Wealth, LLC 0.05% of their portfolio ATLANTA, GA 20,11420.1k $455.4k $455.4k 0.05% Added +5.4k +5,428
70 Keudell/Morrison Wealth Management 0.09% of their portfolio Salem, OR 19,51519.5k $447.1k $447.1k 0.09% First filing
71 PFG Advisors 0.02% of their portfolio Phoenix, AZ 19,39319.4k $444.3k $444.3k 0.02% Reduced -6.0k -6,019
72 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 18,80118.8k $430.7k $430.7k 0.01% Added +5.2k +5,184
73 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 17,93017.9k $411.0k $411.0k 0.00% Added +1.8k +1,811
74 CAPITAL FINANCIAL GROUP INC\CO\ /ADV 0.23% of their portfolio LITTLETON, CO 17,86617.9k $409.3k $409.3k 0.23% First filing
75 BridgePort Financial Solutions, LLC 0.10% of their portfolio FAIRFIELD, IA 17,00017.0k $389.5k $389.5k 0.10% Unchanged
76 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 16,85716.9k $386.0k $386.0k 0.01% New
77 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 16,57016.6k $379.6k $379.6k 0.00% Unchanged
78 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 15,78615.8k $361.7k $361.7k 0.01% Added +6.0k +6,002
79 COMERICA BANK 0.00% of their portfolio DALLAS, TX 15,50215.5k $355.2k $355.2k 0.00% Reduced -6.0k -5,962
80 FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio BOSTON, MA 15,37515.4k $352.2k $352.2k 0.02% Added +5.0k +5,025
81 Keebeck Wealth Management 0.04% of their portfolio Chicago, IL 15,20015.2k $348.2k $348.2k 0.04% Unchanged
82 QP WEALTH MANAGEMENT, LLC 0.29% of their portfolio BOCA RATON, FL 14,60214.6k $334.5k $334.5k 0.29% First filing
83 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 14,60014.6k $334.5k $334.5k 0.01% Added +3.4k +3,395
84 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 14,41814.4k $330.3k $330.3k 0.01% Added +4.0k +4,000
85 ROMAN BUTLER FULLERTON & CO 0.09% of their portfolio ST LOUIS, MO 14,11814.1k $324.6k $324.6k 0.09% Added +2.2k +2,237
86 Fourth Dimension Wealth, LLC 0.12% of their portfolio MIDDLEBURG HEIGHTS, OH 13,86513.9k $317.6k $317.6k 0.12% Added +1.8k +1,795
87 Argent Trust Co 0.01% of their portfolio NASHVILLE, TN 13,60813.6k $311.8k $311.8k 0.01% Unchanged
88 Richard P Slaughter Associates Inc 0.07% of their portfolio AUSTIN, TX 13,60813.6k $311.8k $311.8k 0.07% Unchanged
89 BRANDYWINE OAK PRIVATE WEALTH LLC 0.03% of their portfolio Kennett Square, PA 13,38113.4k $306.6k $306.6k 0.03% Added +314 +314
90 Vestmark Advisory Solutions, Inc. 0.00% of their portfolio Wakefield, MA 13,37813.4k $306.5k $306.5k 0.00% New
91 ELEVATION POINT WEALTH PARTNERS, LLC 0.01% of their portfolio DENVER, CO 13,37813.4k $306.5k $306.5k 0.01% New
92 Bryn Mawr Trust Advisors, LLC 0.01% of their portfolio PHILADELPHIA, PA 13,34513.3k $305.7k $305.7k 0.01% Reduced -613 -613
93 SYKON CAPITAL LLC 0.10% of their portfolio HARRISON, NY 13,00013.0k $297.8k $297.8k 0.10% New
94 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 12,96613.0k $297.0k $297.0k 0.00% New
95 PERSPECTIVE WEALTH ADVISORS LLC 0.20% of their portfolio LOVELAND, CO 12,43212.4k $284.8k $284.8k 0.20% First filing
96 McAdam, LLC 0.01% of their portfolio Philadelphia, PA 11,99412.0k $274.8k $274.8k 0.01% Reduced -174 -174
97 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 11,92111.9k $273.1k $273.1k 0.00% Unchanged
98 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 11,90911.9k $272.8k $272.8k 0.01% Added +159 +159
99 Security Financial Services, INC. 0.04% of their portfolio Fort Wayne, IN 11,90711.9k $272.8k $272.8k 0.04% New
100 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 11,77011.8k $269.7k $269.7k 0.01% Unchanged