Vault-13

VANECK ETF TRUST BIZD

BDC INCOME ETF · ETP · CUSIP 92189F411

266 institutional holders +31 vs Q1 2026
61,358,63861.4m shares reported held*
$776.0mreported value*
52 new 106 added 70 reduced 19 sold out net bought ≈ $94.1m (+7.0m 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 ($187.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.65. Options: 6 managers hold calls ($24.9m notional), 6 hold puts ($2.7m).

Trends to Q2 2026

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: 217Q2 25: 236Q3 25: 229Q4 25: 250Q1 26: 235Q2 26: 266266Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022127
Q4 2022133
Q1 2023132
Q2 2023146
Q3 2023153
Q4 2023162
Q1 2024178
Q2 2024196
Q3 2024188
Q4 2024224
Q1 2025217
Q2 2025236
Q3 2025229
Q4 2025250
Q1 2026235
Q2 2026266

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 105 bought or addedQ3 24: 76 cut or sold outQ4 24: 129 bought or addedQ4 24: 57 cut or sold outQ4 24Q1 25: 122 bought or addedQ1 25: 86 cut or sold outQ2 25: 137 bought or addedQ2 25: 76 cut or sold outQ2 25Q3 25: 132 bought or addedQ3 25: 81 cut or sold outQ4 25: 132 bought or addedQ4 25: 110 cut or sold outQ4 25Q1 26: 118 bought or addedQ1 26: 119 cut or sold outQ2 26: 158 bought or addedQ2 26: 89 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202410576
Q4 202412957
Q1 202512286
Q2 202513776
Q3 202513281
Q4 2025132110
Q1 2026118119
Q2 202615889

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 25 calls: $185.3kQ3 25 puts: $1.3mQ3 25P/C 6.94Q4 25 calls: $3.7mQ4 25 puts: $8.2mQ4 25P/C 2.18Q1 26 calls: $25.4mQ1 26 puts: $42.3mQ1 26P/C 1.67Q2 26 calls: $24.9mQ2 26 puts: $2.7mQ2 26P/C 0.11
Numbers
QuarterCallsPutsP/C
Q3 2025$185.3k$1.3m6.94
Q4 2025$3.7m$8.2m2.18
Q1 2026$25.4m$42.3m1.67
Q2 2026$24.9m$2.7m0.11

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +2,703,042+2.7m
MORGAN STANLEY Added +1,787,271+1.8m
Bank Julius Baer & Co. Ltd, Zurich Added +1,505,989+1.5m
Apollon Wealth Management, LLC New +1,425,744+1.4m
Arax Advisory Partners Added +486,727+486.7k
Naviter Wealth, LLC Added +471,637+471.6k
Hilltop Holdings Inc. Added +354,055+354.1k
MILLENNIUM MANAGEMENT LLC New +330,887+330.9k
LPL Financial LLC Added +328,343+328.3k
SG Americas Securities, LLC New +312,400+312.4k

Biggest sellers

TWO SIGMA INVESTMENTS, LP Reduced -1,878,000-1.9m
RAYMOND JAMES FINANCIAL INC Reduced -1,375,485-1.4m
INDEPENDENT FINANCIAL GROUP, LLC Reduced -1,152,219-1.2m
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Reduced -517,096-517.1k
Lido Advisors, LLC Reduced -333,114-333.1k
Gotham Asset Management, LLC Sold out -304,436-304.4k
WELLS FARGO & COMPANY/MN Reduced -242,307-242.3k
HighTower Advisors, LLC Reduced -145,410-145.4k
CONDOR CAPITAL MANAGEMENT Reduced -106,297-106.3k
Indivisible Partners Sold out -97,694-97.7k

Biggest calls

Caption Management, LLC Unchanged $10.1m795.0k shares
Centiva Capital, LP Reduced $9.3m733.1k shares
CITADEL ADVISORS LLC Added $3.8m299.2k shares
J. Goldman & Co LP Unchanged $1.3m101.0k shares
TUDOR INVESTMENT CORP ET AL Unchanged $316.5k25.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $148.1k11.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.7m132.1k shares
CITADEL ADVISORS LLC Reduced $382.3k30.2k shares
Greenland Capital Management LP New $351.9k27.8k shares
Crawford Fund Management, LLC Reduced $253.2k20.0k shares
J. Goldman & Co LP New $60.8k4.8k shares
Centiva Capital, LP New $17.7k1.4k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 10,327,07510.3m $130.7m $130.7m 0.01% Added +2.7m +2,703,042
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 8,539,7588.5m $108.1m $108.1m 0.01% Added +1.8m +1,787,271
3 Bank Julius Baer & Co. Ltd, Zurich 0.13% of their portfolio ZURICH, V8 3,893,1163.9m $49.3m $49.3m 0.13% Added +1.5m +1,505,989
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 3,848,5693.8m $48.7m $48.7m 0.01% Reduced -242.3k -242,307
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 2,861,9292.9m $36.2m $36.2m 0.01% Added +328.3k +328,343
6 Generali Asset Management SPA SGR 0.50% of their portfolio TRIESTE, L6 2,200,0002.2m $27.9m $27.9m 0.50% Unchanged
7 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.35% of their portfolio BOSTON, MA 1,907,5321.9m $24.1m $24.1m 0.35% Reduced -517.1k -517,096
8 Apollon Wealth Management, LLC 0.22% of their portfolio MOUNT PLEASANT, SC 1,425,7441.4m $18.0m $18.0m 0.22% New
9 TRANSCEND CAPITAL ADVISORS, LLC 1.07% of their portfolio MADISON, NJ 1,245,8461.2m $15.8m $15.8m 1.07% Added +70.0k +70,046
10 Mission Hills Financial Advisory, LLC 6.70% of their portfolio SAN DIEGO, CA 1,204,4591.2m $15.2m $15.2m 6.70% Reduced -45.6k -45,611
11 Amplius Wealth Advisors, LLC 0.96% of their portfolio BLUE BELL, PA 1,033,7801.0m $13.1m $13.1m 0.96% Added +18.6k +18,593
12 Naviter Wealth, LLC 0.85% of their portfolio LITTLE ROCK, AR 738,897738.9k $9.4m $9.4m 0.85% Added +471.6k +471,637
13 CONDOR CAPITAL MANAGEMENT 0.61% of their portfolio MARTINSVILLE, NJ 643,796643.8k $8.2m $8.2m 0.61% Reduced -106.3k -106,297
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 544,936544.9k $6.9m $6.9m 0.00% Added +41.9k +41,906
15 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 543,391543.4k $6.9m $6.9m 0.01% Added +154.0k +154,014
16 Arax Advisory Partners 0.04% of their portfolio NEW YORK, NY 491,164491.2k $6.2m $6.2m 0.04% Added +486.7k +486,727
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 476,152476.2k $6.0m $6.0m 0.00% Added +99.2k +99,221
18 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 463,773463.8k $5.9m $5.9m 0.00% Added +87.8k +87,778
19 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 458,287458.3k $5.8m $5.8m 0.03% Added +67.1k +67,068
20 MGO ONE SEVEN LLC 0.10% of their portfolio Beachwood, OH 457,091457.1k $5.8m $5.8m 0.10% Added +22.6k +22,572
21 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 441,761441.8k $5.6m $5.6m 0.00% Reduced -1.4m -1,375,485
22 Berkeley Capital Partners, LLC 1.15% of their portfolio Milton, GA 441,601441.6k $5.6m $5.6m 1.15% Added +22.4k +22,398
23 Clark Capital Management Group, Inc. 0.03% of their portfolio PHILADELPHIA, PA 430,954431.0k $5.5m $5.5m 0.03% Added +18.2k +18,217
24 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 426,511426.5k $5.4m $5.4m 0.00% Added +86.4k +86,376
25 Sterling Investment Advisors, Ltd. 0.89% of their portfolio BERWYN, PA 421,475421.5k $5.3m $5.3m 0.89% Reduced -70.1k -70,100
26 Maia Wealth LLC 0.72% of their portfolio DENVER, CO 386,935386.9k $4.9m $4.9m 0.72% Added +194.2k +194,170
27 Hilltop Holdings Inc. 0.39% of their portfolio DALLAS, TX 376,719376.7k $4.8m $4.8m 0.39% Added +354.1k +354,055
28 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 349,840349.8k $4.4m $4.4m 0.01% Added +173.1k +173,077
29 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 330,887330.9k $4.2m $4.2m 0.00% New
30 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 319,095319.1k $4.0m $4.0m 0.01% Added +83.5k +83,527
31 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 312,400312.4k $4.0m $4.0m 0.00% New
32 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 289,124289.1k $3.7m $3.7m 0.00% Added +15.1k +15,066
33 MAGNOLIA CAPITAL ADVISORS LLC 0.62% of their portfolio RIDGELAND, MS 286,357286.4k $3.6m $3.6m 0.62% Added +1.0k +1,032
34 Garner Asset Management Corp 1.15% of their portfolio PLANO, TX 280,004280.0k $3.6m $3.6m 1.15% Added +123.5k +123,480
35 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 274,631274.6k $3.5m $3.5m 0.00% Added +14 +14
36 Prime Capital Investment Advisors, LLC 0.03% of their portfolio OVERLAND PARK, KS 263,632263.6k $3.3m $3.3m 0.03% New
37 Mariner, LLC 0.00% of their portfolio Overland Park, KS 256,723256.7k $3.3m $3.3m 0.00% Added +2.4k +2,393
38 Haven Private, LLC 1.19% of their portfolio ORLANDO, FL 246,918246.9k $3.1m $3.1m 1.19% Reduced -75.4k -75,381
39 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 243,900243.9k $3.1m $3.1m 0.00% Reduced -1.9m -1,878,000
40 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 237,446237.4k $3.0m $3.0m 0.00% Added +73.6k +73,556
41 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 234,146234.1k $3.0m $3.0m 0.00% Reduced -12.2k -12,188
42 J.Safra Asset Management Corp 0.13% of their portfolio NEW YORK, NY 231,406231.4k $2.9m $2.9m 0.13% Added +6.1k +6,134
43 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 230,555230.6k $2.9m $2.9m 0.00% Unchanged
44 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 229,246229.2k $2.9m $2.9m 0.01% Reduced -333.1k -333,114
45 Arkadios Wealth Advisors 0.04% of their portfolio ATLANTA, GA 221,304221.3k $2.8m $2.8m 0.04% Reduced -2.6k -2,623
46 Samalin Investment Counsel, LLC 0.88% of their portfolio CHAPPAQUA, NY 216,774216.8k $2.7m $2.7m 0.88% Added +22.8k +22,751
47 Clarity Financial LLC 0.23% of their portfolio Houston, TX 214,125214.1k $2.7m $2.7m 0.23% New
48 Sound Income Strategies, LLC 0.12% of their portfolio FT LAUDERDALE, FL 205,600205.6k $2.6m $2.6m 0.12% Added +49.4k +49,405
49 GFS Advisors, LLC 0.08% of their portfolio HOUSTON, TX 192,550192.6k $1.6m $1.6m 0.08% Added +61.5k +61,550
50 FINANCIAL MANAGEMENT NETWORK INC 0.34% of their portfolio MISSION VIEJO, CA 184,522184.5k $2.3m $2.3m 0.34% Added +13.8k +13,796
51 Measured Risk Portfolios, Inc. 2.07% of their portfolio SAN DIEGO, CA 183,546183.5k $2.3m $2.3m 2.07% Added +2.9k +2,941
52 Black Swift Group, LLC 0.32% of their portfolio BOULDER, CO 174,697174.7k $2.2m $2.2m 0.32% Reduced -3.4k -3,410
53 Ferguson Shapiro LLC 0.65% of their portfolio DECATUR, GA 174,640174.6k $2.2m $2.2m 0.65% New
54 Alpha Wealth Funds, LLC 1.32% of their portfolio PARK CITY, UT 168,231168.2k $2.1m $2.1m 1.32% Reduced -2.2k -2,164
55 INDEPENDENT FINANCIAL GROUP, LLC 0.04% of their portfolio SAN DIEGO, CA 167,250167.2k $2.1m $2.1m 0.04% Reduced -1.2m -1,152,219
56 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 156,776156.8k $2.0m $2.0m 0.01% Reduced -22.1k -22,148
57 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 156,483156.5k $2.0m $2.0m 0.00% Added +52.9k +52,887
58 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 153,888153.9k $1.9m $1.9m 0.00% Reduced -34.8k -34,788
59 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.11% of their portfolio ORLANDO, FL 152,219152.2k $1.9m $1.9m 0.11% Added +567 +567
60 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 149,758149.8k $1.9m $1.9m 0.02% Reduced -25.5k -25,467
61 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 148,232148.2k $1.9m $1.9m 0.00% Added +57.5k +57,535
62 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 136,141136.1k $1.7m $1.7m 0.00% Added +35.2k +35,246
63 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 135,672135.7k $1.7m $1.7m 0.03% Reduced -13.6k -13,551
64 WEDBUSH SECURITIES INC 0.04% of their portfolio PASADENA, CA 133,891133.9k $1.7m $1.7m 0.04% Reduced -5.0k -5,046
65 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 133,377133.4k $1.7m $1.7m 0.00% New
66 WEALTH ALLIANCE, LLC 0.14% of their portfolio MELLVILLE, NY 133,174133.2k $1.7m $1.7m 0.14% Added +7.0k +6,957
67 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 132,951133.0k $1.7m $1.7m 0.00% Reduced -6.8k -6,805
68 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 132,163132.2k $1.7m $1.7m 0.00% New
69 Paller Financial Services Inc 1.24% of their portfolio CENTENNIAL, CO 130,672130.7k $1.7m $1.7m 1.24% New
70 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 128,705128.7k $1.6m $1.6m 0.00% Added +95.8k +95,833
71 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 126,844126.8k $1.6m $1.6m 0.01% Reduced -23.3k -23,274
72 BRIDGES INVESTMENT MANAGEMENT INC 0.02% of their portfolio OMAHA, NE 123,645123.6k $1.6m $1.6m 0.02% Reduced -12.2k -12,160
73 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 121,241121.2k $1.5m $1.5m 0.01% Added +59.4k +59,381
74 CASCADE INVESTMENT GROUP, INC. 0.83% of their portfolio Colorado Springs, CO 116,375116.4k $1.5m $1.5m 0.83% Added +73.2k +73,150
75 KINGSWOOD WEALTH ADVISORS, LLC 0.06% of their portfolio SAN DIEGO, CA 111,877111.9k $1.4m $1.4m 0.06% Added +2.7k +2,676
76 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 111,632111.6k $1.4m $1.4m 0.01% Added +5.0k +5,012
77 Baker Avenue Asset Management, LP 0.03% of their portfolio SAN FRANCISCO, CA 110,807110.8k $1.4m $1.4m 0.03% Reduced -10.5k -10,459
78 Future Financial Wealth Managment LLC 0.84% of their portfolio CINCINNATI, OH 109,209109.2k $1.3m $1.3m 0.84% Reduced -14.0k -14,016
79 HUB Investment Partners, LLC 0.02% of their portfolio AUSTIN, TX 103,460103.5k $1.3m $1.3m 0.02% New
80 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 97,31897.3k $1.2m $1.2m 0.00% Reduced -9.2k -9,195
81 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 96,59396.6k $1.2m $1.2m 0.02% Added +22.2k +22,178
82 HOWARD WEALTH MANAGEMENT, LLC 0.45% of their portfolio Madison, CT 96,57096.6k $1.2m $1.2m 0.45% Reduced -18.3k -18,279
83 Investment Partners Asset Management, Inc. 0.67% of their portfolio METUCHEN, NJ 95,10195.1k $1.2m $1.2m 0.67% Added +1.8k +1,754
84 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 94,71494.7k $1.2m $1.2m 0.01% Reduced -7.9k -7,919
85 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 94,62594.6k $1.2m $1.2m 0.01% Added +79.2k +79,172
86 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 93,31393.3k $1.2m $1.2m 0.01% Reduced -29.9k -29,850
87 Perennial Investment Advisors, LLC 0.08% of their portfolio Los Angeles, CA 93,26993.3k $1.2m $1.2m 0.08% Added +7.8k +7,820
88 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 93,26893.3k $1.2m $1.2m 0.00% Added +27.0k +27,022
89 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 89,88889.9k $1.1m $1.1m 0.00% Reduced -145.4k -145,410
90 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 89,00389.0k $1.1m $1.1m 0.01% Added +18.6k +18,605
91 Global Retirement Partners, LLC 0.02% of their portfolio San Rafael, CA 86,57986.6k $1.1m $1.1m 0.02% First filing
92 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 85,68585.7k $1.1m $1.1m 0.00% Added +61.5k +61,486
93 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 83,53083.5k $1.1m $1.1m 0.00% Added +26.0k +25,985
94 American Capital Advisory, LLC 0.38% of their portfolio KETCHUM, ID 82,00082.0k $1.0m $1.0m 0.38% New
95 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 80,00080.0k $1.0m $1.0m 0.00% Unchanged
96 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 78,30078.3k $991.3k $991.3k 0.01% New
97 Graham Capital Management, L.P. 0.03% of their portfolio ROWAYTON, CT 76,82076.8k $972.5k $972.5k 0.03% Reduced -23.2k -23,180
98 Cordoba Advisory Partners LLC 0.20% of their portfolio NEW YORK, NY 76,06476.1k $963.0k $963.0k 0.20% Added +2.8k +2,821
99 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 75,70575.7k $958.4k $958.4k 0.00% Reduced -21.6k -21,573
100 ALBION FINANCIAL GROUP /UT 0.06% of their portfolio SALT LAKE CITY, UT 75,48175.5k $955.6k $955.6k 0.06% Added +7.7k +7,710