Vault-13

VANECK ETF TRUST PFXF

PREFERRED SECURT · ETP · CUSIP 92189F429

174 institutional holders +5 vs Q4 2023
33,383,25633.4m shares reported held*
$590.2mreported value*
22 new 80 added 37 reduced 17 sold out net bought ≈ $122.0m (+6.9m 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. Holder counts are more reliable. Implied quarter-end price ≈ $17.68. Options: 2 managers hold calls ($852.7k notional), 2 hold puts ($362.6k).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 129Q4 22: 139Q1 23: 145Q2 23: 144Q3 23: 150Q4 23: 169Q1 24: 174174Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022129
Q4 2022139
Q1 2023145
Q2 2023144
Q3 2023150
Q4 2023169
Q1 2024174

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 66 bought or addedQ4 22: 62 cut or sold outQ4 22Q1 23: 72 bought or addedQ1 23: 60 cut or sold outQ1 23Q2 23: 80 bought or addedQ2 23: 49 cut or sold outQ2 23Q3 23: 78 bought or addedQ3 23: 54 cut or sold outQ3 23Q4 23: 80 bought or addedQ4 23: 64 cut or sold outQ4 23Q1 24: 102 bought or addedQ1 24: 54 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20226662
Q1 20237260
Q2 20238049
Q3 20237854
Q4 20238064
Q1 202410254

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ2 23 calls: $0Q2 23 puts: $0Q2 23P/C —Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $563.5kQ4 23 puts: $43.0kQ4 23P/C 0.08Q1 24 calls: $852.7kQ1 24 puts: $362.6kQ1 24P/C 0.43
Numbers
QuarterCallsPutsP/C
Q2 2023$0$0—
Q3 2023$0$0—
Q4 2023$563.5k$43.0k0.08
Q1 2024$852.7k$362.6k0.43

Biggest buyers

MORGAN STANLEY Added +3,930,326+3.9m
BANK OF AMERICA CORP /DE/ Added +1,743,742+1.7m
AMERIPRISE FINANCIAL INC Added +331,940+331.9k
WELLS FARGO & COMPANY/MN Added +252,133+252.1k
LPL Financial LLC Added +198,236+198.2k
Tanager Wealth Management LLP Added +182,026+182.0k
RAYMOND JAMES & ASSOCIATES Added +137,672+137.7k
PARK AVENUE SECURITIES LLC Added +113,000+113.0k
STIFEL FINANCIAL CORP Added +100,643+100.6k
ROYAL BANK OF CANADA Added +98,508+98.5k

Biggest sellers

MY Wealth Management Inc. Reduced -690,219-690.2k
Lido Advisors, LLC Reduced -76,927-76.9k
1834 INVESTMENT ADVISORS CO Reduced -56,744-56.7k
B. Riley Wealth Advisors, Inc. Sold out -40,415-40.4k
Sumitomo Mitsui Trust Group, Inc. Reduced -28,256-28.3k
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC Sold out -27,971-28.0k
Cypress Capital Group Sold out -24,261-24.3k
AE Wealth Management LLC Sold out -21,640-21.6k
Cetera Advisor Networks LLC Sold out -20,828-20.8k
Raymond James Financial Services Advisors, Inc. Reduced -18,585-18.6k

Biggest calls

CITADEL ADVISORS LLC Reduced $578.5k32.7k shares
WOLVERINE TRADING, LLC New $274.2k15.5k shares

Biggest puts

WOLVERINE TRADING, LLC New $222.9k12.6k shares
CITADEL ADVISORS LLC Added $139.8k7.9k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,405,1929.4m $166.4m $166.4m 0.00% Added +3.9m +3,930,326
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,716,7413.7m $65.7m $65.7m 0.01% Added +1.7m +1,743,742
3 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,947,0661.9m $34.4m $34.4m 0.02% Added +198.2k +198,236
4 State of Wisconsin - Board of Commissioners of Public Lands 6.42% of their portfolio MADISON, WI 1,525,2201.5m $27.0m $27.0m 6.42% Unchanged
5 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,419,9311.4m $25.1m $25.1m 0.01% Added +331.9k +331,940
6 RS CRUM INC. 6.25% of their portfolio Newport Beach, CA 1,295,1161.3m $22.9m $22.9m 6.25% Added +31.2k +31,215
7 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 1,189,3621.2m $21.0m $21.0m 0.03% Reduced -18.6k -18,585
8 Tanager Wealth Management LLP 3.13% of their portfolio Goring On Thames, X0 1,096,6571.1m $19.4m $19.4m 3.13% Added +182.0k +182,026
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 964,297964.3k $17.1m $17.1m 0.00% Added +252.1k +252,133
10 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 665,489665.5k $11.8m $11.8m 0.01% Added +137.7k +137,672
11 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 581,731581.7k $10.3m $10.3m 0.04% Added +75.9k +75,895
12 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 457,198457.2k $8.1m $8.1m 0.02% Reduced -2.4k -2,376
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 416,414416.4k $7.4m $7.4m 0.00% Added +29.5k +29,497
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 411,079411.1k $7.3m $7.3m 0.00% Added +98.5k +98,508
15 PARK AVENUE SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 375,221375.2k $6.6m $6.6m 0.09% Added +113.0k +113,000
16 LEVEL FOUR ADVISORY SERVICES, LLC 0.32% of their portfolio DALLAS, TX 342,471342.5k $5.9m $5.9m 0.32% Added +9.3k +9,303
17 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 324,276324.3k $5.7m $5.7m 0.01% Added +12.6k +12,637
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 311,590311.6k $5.5m $5.5m 0.01% Added +15.1k +15,065
19 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 308,791308.8k $5.5m $5.5m 0.04% Added +47.6k +47,636
20 Sound Income Strategies, LLC 0.34% of their portfolio FT LAUDERDALE, FL 260,543260.5k $4.6m $4.6m 0.34% Added +22.4k +22,372
21 MY Wealth Management Inc. 5.03% of their portfolio GERMANTOWN, MD 257,780257.8k $4.6m $4.6m 5.03% Reduced -690.2k -690,219
22 Carmel Capital Partners, LLC 1.61% of their portfolio SAN DIEGO, CA 220,253220.3k $3.9m $3.9m 1.61% Added +32.8k +32,789
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 219,385219.4k $3.9m $3.9m 0.00% Added +24.5k +24,492
24 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 215,527215.5k $3.8m $3.8m 0.00% Reduced -28.3k -28,256
25 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 208,922208.9k $3.7m $3.7m 0.01% Added +3.1k +3,148
26 Silver Coast Investments LLC 1.38% of their portfolio SAN DIEGO, X1 191,584191.6k $3.4m $3.4m 1.38% Added +4.9k +4,895
27 Fortis Capital Management LLC 0.83% of their portfolio BELLEVUE, WA 177,873177.9k $3.1m $3.1m 0.83% Added +16.1k +16,130
28 Concurrent Investment Advisors, LLC 0.13% of their portfolio Tampa, FL 173,917173.9k $3.1m $3.1m 0.13% Reduced -3.3k -3,278
29 Brendel Financial Advisors LLC 3.49% of their portfolio HANOVER, NH 172,600172.6k $3.1m $3.1m 3.49% Reduced -1.8k -1,841
30 Future Financial Wealth Managment LLC 2.24% of their portfolio CINCINNATI, OH 164,908164.9k $2.9m $2.9m 2.24% Added +6.5k +6,475
31 SAX WEALTH ADVISORS, LLC 0.34% of their portfolio PARSIPPANY, NJ 162,847162.8k $2.9m $2.9m 0.34% Added +7.0k +6,999
32 Wealthcare Advisory Partners LLC 0.09% of their portfolio WEST CHESTER, PA 149,288149.3k $2.6m $2.6m 0.09% Added +4.3k +4,315
33 Cadent Capital Advisors, LLC 1.02% of their portfolio TULSA, OK 143,514143.5k $2.5m $2.5m 1.02% Added +29 +29
34 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 143,424143.4k $2.5m $2.5m 0.00% Reduced -125 -125
35 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 140,297140.3k $2.5m $2.5m 0.00% Added +100.6k +100,643
36 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 140,074140.1k $2.5m $2.5m 0.02% Added +621 +621
37 NTV Asset Management LLC 0.35% of their portfolio Charleston, WV 128,716128.7k $2.3m $2.3m 0.35% Added +6.4k +6,367
38 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 128,649128.6k $2.3m $2.3m 0.03% Added +26.5k +26,520
39 Atria Wealth Solutions, Inc. 0.02% of their portfolio NEW YORK, NY 120,087120.1k $2.1m $2.1m 0.02% Added +5.8k +5,831
40 Investors Research Corp 0.48% of their portfolio ATLANTA, GA 115,782115.8k $2.0m $2.0m 0.48% Added +10.3k +10,342
41 Joseph P. Lucia & Associates, LLC 1.05% of their portfolio Yorktown Heights, NY 111,129111.1k $2.0m $2.0m 1.05% Reduced -2.3k -2,283
42 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 102,665102.7k $1.8m $1.8m 0.00% Reduced -1.8k -1,795
43 Chicago Partners Investment Group LLC 0.07% of their portfolio CHICAGO, IL 95,83095.8k $1.6m $1.6m 0.07% Added +9.3k +9,256
44 Ausdal Financial Partners, Inc. 0.19% of their portfolio Davenport, IA 93,67593.7k $1.7m $1.7m 0.19% Added +81.9k +81,864
45 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 91,61191.6k $1.6m $1.6m 0.01% Reduced -76.9k -76,927
46 SHEETS SMITH WEALTH MANAGEMENT 0.17% of their portfolio WINSTON-SALEM, NC 88,06988.1k $1.6m $1.6m 0.17% Reduced -4.9k -4,938
47 Powell Investment Advisors, LLC 0.77% of their portfolio MIAMI, FL 82,06082.1k $1.5m $1.5m 0.77% Reduced -738 -738
48 MSH Capital Advisors LLC 0.48% of their portfolio SCOTTSDALE, AZ 76,76676.8k $1.4m $1.4m 0.48% Added +9.9k +9,852
49 Advisory Resource Group 0.31% of their portfolio Tulsa, OK 75,63275.6k $1.3m $1.3m 0.31% Reduced -439 -439
50 Signature Wealth Management Group 0.55% of their portfolio ATLANTA, GA 71,70971.7k $1.2m $1.2m 0.55% Reduced -318 -318
51 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 70,94070.9k $1.3m $1.3m 0.01% Added +1.7k +1,698
52 Prospera Financial Services Inc 0.03% of their portfolio Dallas, TX 61,00161.0k $1.1m $1.1m 0.03% Reduced -4.4k -4,402
53 Global Financial Private Client, LLC 0.41% of their portfolio Sarasota, FL 54,83254.8k $964.5k $964.5k 0.41% Added +30.3k +30,318
54 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 54,64854.6k $966.7k $966.7k 0.02% Added +3.3k +3,317
55 Resurgent Financial Advisors LLC 0.50% of their portfolio ATLANTA, GA 53,32253.3k $943.3k $943.3k 0.50% Added +34.5k +34,542
56 MIDLAND WEALTH ADVISORS, LLC 0.06% of their portfolio EFFINGHAM, IL 51,92451.9k $918.5k $918.5k 0.06% Reduced -2.0k -1,952
57 Avidian Wealth Enterprises, LLC 0.05% of their portfolio Houston, TX 51,71851.7k $914.9k $914.9k 0.05% Added +22.8k +22,777
58 Tempus Wealth Planning, LLC 0.39% of their portfolio IRVINE, CA 50,00050.0k $884.5k $884.5k 0.39% Unchanged
59 Mariner, LLC 0.00% of their portfolio Overland Park, KS 49,32749.3k $872.6k $872.6k 0.00% Added +39.1k +39,064
60 WEALTH ALLIANCE, LLC 0.11% of their portfolio MELLVILLE, NY 46,36646.4k $820.2k $820.2k 0.11% Added +57 +57
61 Operose Advisors LLC 0.27% of their portfolio MILWAUKEE, WI 45,68545.7k $808.2k $808.2k 0.27% New
62 Castle Rock Wealth Management, LLC 0.21% of their portfolio WALNUT CREEK, CA 45,08445.1k $772.7k $772.7k 0.21% Added +2.8k +2,792
63 PLIMOTH TRUST CO LLC 0.21% of their portfolio SWANSEA, MA 45,04945.0k $796.9k $796.9k 0.21% Reduced -12.2k -12,201
64 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 44,67744.7k $791.0k $791.0k 0.00% Added +6.8k +6,757
65 DELTA CAPITAL MANAGEMENT LLC 0.52% of their portfolio RED BANK, NJ 44,08044.1k $780.0k $780.0k 0.52% Unchanged
66 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 43,63243.6k $772.0k $772.0k 0.00% Reduced -5.4k -5,364
67 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 42,01442.0k $743.2k $743.2k 0.02% Reduced -1.0k -1,010
68 ROMAN BUTLER FULLERTON & CO 0.27% of their portfolio ST LOUIS, MO 41,97342.0k $715.6k $715.6k 0.27% Added +199 +199
69 Etesian Wealth Advisors, Inc. 0.41% of their portfolio West Linn, OR 40,01840.0k $707.9k $707.9k 0.41% Added +6.3k +6,298
70 1834 INVESTMENT ADVISORS CO 0.08% of their portfolio Milwaukee, WI 39,90039.9k $705.8k $705.8k 0.08% Reduced -56.7k -56,744
71 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 39,01339.0k $690.1k $690.1k 0.00% Added +23.4k +23,389
72 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 37,11637.1k $656.6k $656.6k 0.00% Added +15.7k +15,684
73 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 35,70035.7k $632.0k $632.0k 0.00% Added +25.2k +25,178
74 Procyon Advisors, LLC 0.05% of their portfolio SHELTON, CT 34,24634.2k $605.8k $605.8k 0.05% Reduced -7.9k -7,928
75 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 0.05% of their portfolio KNOXVILLE, TN 33,81433.8k $598.2k $598.2k 0.05% Unchanged
76 HOWARD WEALTH MANAGEMENT, LLC 0.46% of their portfolio Madison, CT 32,26732.3k $570.8k $570.8k 0.46% Added +1.7k +1,682
77 Pathway Financial Advisers, LLC 0.20% of their portfolio AUBURN, IN 32,14432.1k $568.6k $568.6k 0.20% Reduced -3.1k -3,076
78 Apriem Advisors 0.07% of their portfolio IRVINE, CA 30,00030.0k $530.7k $530.7k 0.07% Reduced -250 -250
79 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 29,89029.9k $528.8k $528.8k 0.00% New
80 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.01% of their portfolio CINCINNATI, OH 29,38629.4k $519.8k $519.8k 0.01% Unchanged
81 Core Wealth Partners LLC 0.38% of their portfolio SANTA ROSA, CA 28,62028.6k $506.3k $506.3k 0.38% Added +199 +199
82 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 26,65226.7k $471.5k $471.5k 0.02% Added +6 +6
83 Mid-American Wealth Advisory Group, Inc. 0.31% of their portfolio KANSAS CITY, MO 26,37226.4k $466.5k $466.5k 0.31% Reduced -8.6k -8,623
84 MassMutual Private Wealth & Trust, FSB 0.01% of their portfolio Windsor, CT 23,24023.2k $411.1k $411.1k 0.01% Added +761 +761
85 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 0.07% of their portfolio GRAND BLANC, MI 21,90621.9k $387.5k $387.5k 0.07% Reduced -9.3k -9,287
86 FineMark National Bank & Trust 0.01% of their portfolio FORT MYERS, FL 21,46721.5k $379.8k $379.8k 0.01% New
87 INSIGNEO ADVISORY SERVICES, LLC 0.04% of their portfolio MIAMI, FL 20,56220.6k $363.7k $363.7k 0.04% Added +8.1k +8,082
88 Geneos Wealth Management Inc. 0.02% of their portfolio ENGLEWOOD, CO 19,04419.0k $336.9k $336.9k 0.02% Added +620 +620
89 RAYMOND JAMES TRUST N.A. 0.01% of their portfolio ST. PETERSBURG, FL 18,84818.8k $333.4k $333.4k 0.01% Added +7.1k +7,094
90 PINNACLE ASSOCIATES LTD 0.01% of their portfolio NEW YORK, NY 18,52818.5k $327.8k $327.8k 0.01% Unchanged
91 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 18,38418.4k $325.2k $325.2k 0.00% Added +13 +13
92 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 18,22918.2k $322.5k $322.5k 0.00% Reduced -1.0k -1,018
93 Worth Asset Management, LLC 0.20% of their portfolio DALLAS, TX 18,12318.1k $320.6k $320.6k 0.20% New
94 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 17,88817.9k $316.4k $316.4k 0.00% Added +14.0k +13,999
95 Redwood Financial Network Corp 0.27% of their portfolio SOLON, OH 17,58817.6k $311.1k $311.1k 0.27% New
96 Balanced Rock Investment Advisors LLC 0.26% of their portfolio ROSLINDALE, MA 17,20917.2k $304.4k $304.4k 0.26% New
97 Texas Yale Capital Corp. 0.01% of their portfolio ST. PETERSBURG, FL 17,10917.1k $302.7k $302.7k 0.01% Added +7 +7
98 Hofer & Associates. Inc 0.24% of their portfolio THOUSAND OAKS, CA 15,79415.8k $279.4k $279.4k 0.24% Reduced -114 -114
99 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 15,35015.3k $271.5k $271.5k 0.01% Added +76 +76
100 Accel Wealth Management 0.11% of their portfolio WAVERLY, IA 15,14015.1k $267.8k $267.8k 0.11% Added +18 +18