Vault-13

VANECK ETF TRUST BIZD

BDC INCOME ETF · ETP · CUSIP 92189F411

217 institutional holders -7 vs Q4 2024
31,342,46231.3m shares reported held*
$524.5mreported value*
29 new 93 added 53 reduced 33 sold out net bought ≈ $28.1m (+1.8m 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.73. Options: 1 managers hold calls ($724.0k notional), 1 hold puts ($631.9k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 127Q4 22: 133Q1 23: 132Q2 23: 146Q3 23: 153Q4 23: 162Q1 24: 178Q2 24: 196Q3 24: 188Q4 24: 224Q1 25: 217217Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022127
Q4 2022133
Q1 2023132
Q2 2023146
Q3 2023153
Q4 2023162
Q1 2024178
Q2 2024196
Q3 2024188
Q4 2024224
Q1 2025217

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 78 bought or addedQ2 23: 43 cut or sold outQ3 23: 78 bought or addedQ3 23: 48 cut or sold outQ3 23Q4 23: 83 bought or addedQ4 23: 67 cut or sold outQ1 24: 100 bought or addedQ1 24: 59 cut or sold outQ1 24Q2 24: 120 bought or addedQ2 24: 56 cut or sold outQ3 24: 105 bought or addedQ3 24: 76 cut or sold outQ3 24Q4 24: 129 bought or addedQ4 24: 57 cut or sold outQ1 25: 122 bought or addedQ1 25: 86 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20237843
Q3 20237848
Q4 20238367
Q1 202410059
Q2 202412056
Q3 202410576
Q4 202412957
Q1 202512286

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$250k$500k$750k$1mQ2 24 calls: $18.8kQ2 24 puts: $900.0kQ2 24P/C 47.82Q3 24 calls: $94.4kQ3 24 puts: $947.2kQ3 24P/C 10.04Q4 24 calls: $325.9kQ4 24 puts: $490.6kQ4 24P/C 1.51Q1 25 calls: $724.0kQ1 25 puts: $631.9kQ1 25P/C 0.87
Numbers
QuarterCallsPutsP/C
Q2 2024$18.8k$900.0k47.82
Q3 2024$94.4k$947.2k10.04
Q4 2024$325.9k$490.6k1.51
Q1 2025$724.0k$631.9k0.87

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +733,523+733.5k
Kestra Advisory Services, LLC Added +418,356+418.4k
MORGAN STANLEY Added +416,416+416.4k
INDEPENDENT FINANCIAL GROUP, LLC Added +378,936+378.9k
LPL Financial LLC Added +324,618+324.6k
TrueMark Investments, LLC Added +206,310+206.3k
AdvisorNet Financial, Inc New +145,741+145.7k
NAN FUNG TRINITY (HK) LTD Added +135,800+135.8k
OMERS ADMINISTRATION Corp New +131,800+131.8k
Orion Portfolio Solutions, LLC Added +98,327+98.3k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -362,164-362.2k
NewEdge Advisors, LLC Reduced -262,039-262.0k
Alpha Omega Group, Inc. Sold out -219,974-220.0k
MILLENNIUM MANAGEMENT LLC Sold out -206,533-206.5k
CONDOR CAPITAL MANAGEMENT Reduced -191,900-191.9k
Black Swift Group, LLC Reduced -172,790-172.8k
DENALI ADVISORS LLC Sold out -157,066-157.1k
Clark Capital Management Group, Inc. Reduced -134,057-134.1k
PARK AVENUE SECURITIES LLC Sold out -125,349-125.3k
Stratos Wealth Partners, LTD. Reduced -116,227-116.2k

Biggest calls

CITADEL ADVISORS LLC Added $724.0k43.2k shares

Biggest puts

CITADEL ADVISORS LLC Added $631.9k37.7k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,471,0884.5m $74.9m $74.9m 0.01% Added +416.4k +416,416
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,257,0313.3m $54.6m $54.6m 0.00% Added +733.5k +733,523
3 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,797,8222.8m $46.9m $46.9m 0.02% Added +324.6k +324,618
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,612,7921.6m $27.0m $27.0m 0.01% Reduced -362.2k -362,164
5 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,464,9691.5m $24.6m $24.6m 0.01% Added +21.5k +21,455
6 INDEPENDENT FINANCIAL GROUP, LLC 0.53% of their portfolio SAN DIEGO, CA 916,978917.0k $15.4m $15.4m 0.53% Added +378.9k +378,936
7 Mission Hills Financial Advisory, LLC 10.07% of their portfolio SAN DIEGO, CA 865,597865.6k $14.5m $14.5m 10.07% Added +60.5k +60,500
8 CONDOR CAPITAL MANAGEMENT 1.27% of their portfolio MARTINSVILLE, NJ 814,425814.4k $13.6m $13.6m 1.27% Reduced -191.9k -191,900
9 Haven Private, LLC 5.68% of their portfolio ORLANDO, FL 598,790598.8k $10.0m $10.0m 5.68% Added +66.1k +66,071
10 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 521,337521.3k $8.7m $8.7m 0.02% Added +87.3k +87,314
11 NAN FUNG TRINITY (HK) LTD 1.26% of their portfolio CENTRAL, HONG KONG, K3 474,800474.8k $8.0m $8.0m 1.26% Added +135.8k +135,800
12 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 471,298471.3k $7.9m $7.9m 0.04% Added +418.4k +418,356
13 Steward Partners Investment Advisory, LLC 0.07% of their portfolio STAMFORD, CT 468,794468.8k $7.9m $7.9m 0.07% Added +50.5k +50,545
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 466,339466.3k $7.8m $7.8m 0.00% Added +74.9k +74,858
15 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 439,370439.4k $7.4m $7.4m 0.01% Added +25.5k +25,500
16 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 415,016415.0k $7.0m $7.0m 0.00% Added +82.4k +82,354
17 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 372,134372.1k $6.2m $6.2m 0.01% Added +31.7k +31,662
18 Foundations Investment Advisors, LLC 0.11% of their portfolio PHOENIX, AZ 346,776346.8k $5.8m $5.8m 0.11% Added +6.2k +6,231
19 Hilltop Holdings Inc. 0.35% of their portfolio DALLAS, TX 327,584327.6k $5.5m $5.5m 0.35% Reduced -13.7k -13,674
20 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 293,400293.4k $4.9m $4.9m 0.01% Reduced -56.9k -56,900
21 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 286,993287.0k $4.8m $4.8m 0.00% Reduced -72.7k -72,685
22 TOWNSQUARE CAPITAL LLC 0.05% of their portfolio Lehi, UT 274,071274.1k $4.6m $4.6m 0.05% Added +10.8k +10,750
23 Mariner, LLC 0.01% of their portfolio Overland Park, KS 271,486271.5k $4.6m $4.6m 0.01% Reduced -10.3k -10,270
24 BARINGS LLC 0.10% of their portfolio CHARLOTTE, NC 236,283236.3k $4.0m $4.0m 0.10% Unchanged
25 TrueMark Investments, LLC 0.99% of their portfolio CHICAGO, IL 224,919224.9k $3.8m $3.8m 0.99% Added +206.3k +206,310
26 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 200,176200.2k $3.4m $3.4m 0.01% Reduced -7.3k -7,312
27 Shilanski & Associates, Inc. 1.05% of their portfolio ANCHORAGE, AK 200,009200.0k $3.4m $3.4m 1.05% Added +2.1k +2,148
28 CENTAURUS FINANCIAL, INC. 0.20% of their portfolio ANAHEIM, CA 198,029198.0k $3.3m $3.3m 0.20% Added +48.2k +48,156
29 Orion Portfolio Solutions, LLC 0.02% of their portfolio Omaha, NE 196,718196.7k $3.3m $3.3m 0.02% Added +98.3k +98,327
30 Arkadios Wealth Advisors 0.12% of their portfolio ATLANTA, GA 196,657196.7k $3.3m $3.3m 0.12% Added +17.5k +17,467
31 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 195,807195.8k $3.3m $3.3m 0.03% Reduced -9.8k -9,757
32 Stratos Wealth Partners, LTD. 0.05% of their portfolio BEACHWOOD, OH 188,707188.7k $3.2m $3.2m 0.05% Reduced -116.2k -116,227
33 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 186,202186.2k $3.1m $3.1m 0.02% Reduced -262.0k -262,039
34 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.05% of their portfolio New York, NY 179,337179.3k $3.0m $3.0m 0.05% Added +174 +174
35 FINANCIAL MANAGEMENT NETWORK INC 0.57% of their portfolio MISSION VIEJO, CA 178,368178.4k $2.5m $2.5m 0.57% Added +17.5k +17,546
36 Delta Investment Management, LLC 0.55% of their portfolio SAN FRANCISCO, CA 162,081162.1k $2.7m $2.7m 0.55% Added +38.4k +38,407
37 J.W. COLE ADVISORS, INC. 0.08% of their portfolio TAMPA, FL 157,514157.5k $2.6m $2.6m 0.08% Added +70.2k +70,178
38 Cynosure Group, LLC 0.35% of their portfolio Salt Lake City, UT 153,232153.2k $2.6m $2.6m 0.35% Added +34.4k +34,432
39 AdvisorNet Financial, Inc 0.18% of their portfolio MINNETONKA, MN 145,741145.7k $2.4m $2.4m 0.18% New
40 MGO ONE SEVEN LLC 0.09% of their portfolio Beachwood, OH 144,420144.4k $2.4m $2.4m 0.09% Added +41.9k +41,913
41 CreativeOne Wealth, LLC 0.07% of their portfolio OVERLAND PARK, KS 142,938142.9k $2.4m $2.4m 0.07% Added +6.1k +6,101
42 Graypoint LLC 0.15% of their portfolio Albany, NY 141,173141.2k $2.4m $2.4m 0.15% Added +11.5k +11,539
43 Measured Risk Portfolios, Inc. 2.58% of their portfolio SAN DIEGO, CA 138,676138.7k $2.3m $2.3m 2.58% Reduced -5.8k -5,837
44 Samalin Investment Counsel, LLC 0.94% of their portfolio CHAPPAQUA, NY 137,432137.4k $2.3m $2.3m 0.94% Reduced -3.9k -3,891
45 OMERS ADMINISTRATION Corp 0.02% of their portfolio TORONTO, A6 131,800131.8k $2.2m $2.2m 0.02% New
46 Clark Capital Management Group, Inc. 0.02% of their portfolio PHILADELPHIA, PA 128,156128.2k $2.1m $2.1m 0.02% Reduced -134.1k -134,057
47 WEDBUSH SECURITIES INC 0.08% of their portfolio PASADENA, CA 124,492124.5k $2.1m $2.1m 0.08% Added +9.9k +9,920
48 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 114,828114.8k $1.9m $1.9m 0.01% Added +5.9k +5,907
49 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 113,571113.6k $1.9m $1.9m 0.01% Added +22.9k +22,911
50 Black Swift Group, LLC 0.42% of their portfolio BOULDER, CO 112,140112.1k $1.9m $1.9m 0.42% Reduced -172.8k -172,790
51 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 111,622111.6k $1.9m $1.9m 0.00% Added +1.9k +1,850
52 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 108,427108.4k $1.8m $1.8m 0.00% Reduced -15.2k -15,179
53 Investment Partners Asset Management, Inc. 1.37% of their portfolio METUCHEN, NJ 104,237104.2k $1.7m $1.7m 1.37% Added +198 +198
54 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 103,412103.4k $1.7m $1.7m 0.00% Reduced -6.5k -6,490
55 KINGSWOOD WEALTH ADVISORS, LLC 0.15% of their portfolio SAN DIEGO, CA 98,55598.6k $1.6m $1.6m 0.15% Reduced -53.7k -53,651
56 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 98,32798.3k $1.6m $1.6m 0.02% Reduced -64 -64
57 Stonebridge Financial Planning Group, LLC 0.75% of their portfolio ORLANDO, FL 97,75597.8k $1.6m $1.6m 0.75% Added +37.4k +37,422
58 BRIDGES INVESTMENT MANAGEMENT INC 0.02% of their portfolio OMAHA, NE 96,75296.8k $1.6m $1.6m 0.02% Added +12.7k +12,735
59 Future Financial Wealth Managment LLC 1.18% of their portfolio CINCINNATI, OH 96,16696.2k $1.6m $1.6m 1.18% Added +1.7k +1,674
60 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 94,29594.3k $1.6m $1.6m 0.02% Added +14.2k +14,171
61 Atria Wealth Solutions, Inc. 0.02% of their portfolio NEW YORK, NY 92,73092.7k $1.6m $1.6m 0.02% Added +6.4k +6,417
62 Spire Wealth Management 0.05% of their portfolio MCLEAN, VA 92,25092.2k $1.5m $1.5m 0.05% Added +10.8k +10,795
63 Gibbs Wealth Management 0.35% of their portfolio Alpharetta, GA 86,13686.1k $1.4m $1.4m 0.35% Added +2.5k +2,536
64 Consolidated Portfolio Review Corp 0.22% of their portfolio WOODBURY, NY 83,20183.2k $1.4m $1.4m 0.22% Reduced -8.2k -8,205
65 SlateStone Wealth, LLC 0.14% of their portfolio JUPITER, FL 82,50082.5k $1.4m $1.4m 0.14% Unchanged
66 HOWARD WEALTH MANAGEMENT, LLC 0.74% of their portfolio Madison, CT 78,89878.9k $1.3m $1.3m 0.74% Added +7.4k +7,398
67 SAX WEALTH ADVISORS, LLC 0.09% of their portfolio PARSIPPANY, NJ 78,17978.2k $1.3m $1.3m 0.09% Added +15.4k +15,365
68 GFS Advisors, LLC 0.26% of their portfolio HOUSTON, TX 77,80077.8k $1.3m $1.3m 0.26% Unchanged
69 Perennial Investment Advisors, LLC 0.15% of their portfolio Los Angeles, CA 77,73677.7k $1.3m $1.3m 0.15% Added +13.1k +13,142
70 FLPUTNAM INVESTMENT MANAGEMENT CO 0.02% of their portfolio PORTLAND, ME 76,68676.7k $1.3m $1.3m 0.02% New
71 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 76,12576.1k $1.3m $1.3m 0.00% Added +6.2k +6,176
72 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 74,87874.9k $1.3m $1.3m 0.01% Reduced -10.0k -9,984
73 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 74,38074.4k $1.2m $1.2m 0.01% Added +4.5k +4,512
74 GUIDANCE CAPITAL, INC 0.35% of their portfolio LOUSVILLE, KY 73,65973.7k $1.1m $1.1m 0.35% Reduced -5.1k -5,069
75 KESTRA PRIVATE WEALTH SERVICES, LLC 0.02% of their portfolio AUSTIN, TX 70,01570.0k $1.2m $1.2m 0.02% Reduced -1.5k -1,542
76 Alpha Wealth Funds, LLC 1.27% of their portfolio PARK CITY, UT 69,60869.6k $1.2m $1.2m 1.27% Added +17.8k +17,840
77 NAPA WEALTH MANAGEMENT 0.66% of their portfolio Napa, CA 69,60369.6k $1.2m $1.2m 0.66% Reduced -8.4k -8,440
78 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 67,32167.3k $1.1m $1.1m 0.00% Reduced -11.8k -11,769
79 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio ORLANDO, FL 66,54666.5k $1.1m $1.1m 0.10% Added +21.0k +21,019
80 WHITTIER TRUST CO OF NEVADA INC 0.03% of their portfolio RENO, NV 65,72465.7k $1.1m $1.1m 0.03% New
81 Naviter Wealth, LLC 0.12% of their portfolio LITTLE ROCK, AR 59,73859.7k $1.0m $1.0m 0.12% Added +29.2k +29,154
82 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 55,90955.9k $780.5k $780.5k 0.00% Added +8.7k +8,704
83 Ranch Capital Advisors Inc. 0.43% of their portfolio SARASOTA, FL 54,28054.3k $909.7k $909.7k 0.43% Reduced -308 -308
84 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 51,42751.4k $861.9k $861.9k 0.00% Added +38.5k +38,483
85 ALBION FINANCIAL GROUP /UT 0.06% of their portfolio SALT LAKE CITY, UT 46,94146.9k $786.7k $786.7k 0.06% New
86 Sowell Financial Services LLC 0.03% of their portfolio NORTH LITTLE ROCK, AR 45,55245.6k $763.5k $763.5k 0.03% Added +4.7k +4,719
87 BARD ASSOCIATES INC 0.28% of their portfolio CHICAGO, IL 45,47545.5k $762.2k $762.2k 0.28% Added +2.7k +2,677
88 Johnson Financial Group, Inc. 0.03% of their portfolio RACINE, WI 42,50042.5k $712.3k $712.3k 0.03% Reduced -15.0k -15,000
89 GWN SECURITIES INC. 0.04% of their portfolio Palm Beach Gardens, FL 41,45141.5k $665.0k $665.0k 0.04% New
90 WEALTH ALLIANCE, LLC 0.08% of their portfolio MELLVILLE, NY 39,93939.9k $669.4k $669.4k 0.08% Reduced -3.5k -3,517
91 CW Advisors, LLC 0.01% of their portfolio BOSTON, MA 38,69238.7k $648.5k $648.5k 0.01% Added +15.5k +15,487
92 Valtrion Capital Management, LLC 0.86% of their portfolio FRANKLIN, TN 37,89537.9k $635.0k $635.0k 0.86% New
93 Sage Mountain Advisors LLC 0.05% of their portfolio ATLANTA, GA 36,65036.6k $614.3k $614.3k 0.05% Unchanged
94 NWF Advisory Services Inc. 0.09% of their portfolio Los Angeles, CA 36,31936.3k $608.7k $608.7k 0.09% Added +10.3k +10,335
95 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 35,87935.9k $601.3k $601.3k 0.00% Added +1.8k +1,800
96 Pasadena Private Wealth, LLC 0.11% of their portfolio PASADENA, CA 35,38235.4k $593.0k $593.0k 0.11% New
97 Tyler-Stone Wealth Management 0.11% of their portfolio Beachwood, OH 35,13635.1k $588.9k $588.9k 0.11% Unchanged
98 First PREMIER Bank 0.15% of their portfolio SIOUX FALLS, SD 34,58134.6k $579.0k $579.0k 0.15% Added +1.2k +1,225
99 Advisors Asset Management, Inc. 0.01% of their portfolio Monument, CO 34,32634.3k $575.3k $575.3k 0.01% Added +3.0k +3,040
100 Wambolt & Associates, LLC 0.19% of their portfolio LITTLETON, CO 33,23533.2k $548.7k $548.7k 0.19% Reduced -1.6k -1,591