Vault-13

VANECK ETF TRUST ANGL

FALLEN ANGEL HG · ETP · CUSIP 92189F437

338 institutional holders -11 vs Q1 2025
69,115,81969.1m shares reported held*
$2.0bnreported value*
25 new 124 added 131 reduced 39 sold out net sold ≈ $274.3m (-9.4m 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 ($11.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.34. Options: 1 managers hold calls ($532.9k notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 284Q4 22: 322Q1 23: 319Q2 23: 317Q3 23: 311Q4 23: 347Q1 24: 345Q2 24: 340Q3 24: 349Q4 24: 348Q1 25: 349Q2 25: 338338Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022284
Q4 2022322
Q1 2023319
Q2 2023317
Q3 2023311
Q4 2023347
Q1 2024345
Q2 2024340
Q3 2024349
Q4 2024348
Q1 2025349
Q2 2025338

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 151 bought or addedQ3 23: 161 cut or sold outQ4 23: 174 bought or addedQ4 23: 152 cut or sold outQ4 23Q1 24: 184 bought or addedQ1 24: 165 cut or sold outQ2 24: 167 bought or addedQ2 24: 161 cut or sold outQ2 24Q3 24: 176 bought or addedQ3 24: 144 cut or sold outQ4 24: 177 bought or addedQ4 24: 132 cut or sold outQ4 24Q1 25: 180 bought or addedQ1 25: 146 cut or sold outQ2 25: 149 bought or addedQ2 25: 170 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023151161
Q4 2023174152
Q1 2024184165
Q2 2024167161
Q3 2024176144
Q4 2024177132
Q1 2025180146
Q2 2025149170

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ3 24 calls: $5.9kQ3 24 puts: $5.9kQ3 24P/C 1.00Q4 24 calls: $120.4kQ4 24 puts: $197.8kQ4 24P/C 1.64Q1 25 calls: $634.9kQ1 25 puts: $363.6kQ1 25P/C 0.57Q2 25 calls: $532.9kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$5.9k$5.9k1.00
Q4 2024$120.4k$197.8k1.64
Q1 2025$634.9k$363.6k0.57
Q2 2025$532.9k$00.00

Biggest buyers

GOLDMAN SACHS GROUP INC New +710,526+710.5k
Symphony Financial, Ltd. Co. Added +289,646+289.6k
Thrivent Financial for Lutherans New +282,609+282.6k
Tidal Investments LLC New +281,572+281.6k
ACT Advisors, LLC. New +257,623+257.6k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +193,590+193.6k
Capital Investment Advisors, LLC Added +141,828+141.8k
Synergy Asset Management, LLC New +131,216+131.2k
Capitolis Liquid Global Markets LLC New +97,500+97.5k
Cerity Partners LLC Added +95,886+95.9k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -1,438,834-1.4m
Bank of New York Mellon Corp Reduced -1,122,605-1.1m
Kensington Asset Management, LLC Reduced -855,856-855.9k
RiverFront Investment Group, LLC Reduced -643,371-643.4k
LPL Financial LLC Reduced -549,924-549.9k
Aveo Capital Partners, LLC Sold out -478,049-478.0k
AMERIPRISE FINANCIAL INC Reduced -435,192-435.2k
Performa Ltd (US), LLC Reduced -363,542-363.5k
BANK OF AMERICA CORP /DE/ Reduced -354,004-354.0k
RWA WEALTH PARTNERS, LLC Sold out -337,367-337.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $532.9k18.2k shares

Biggest puts

None

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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 19,400,71619.4m $568.1m $568.1m 0.05% Reduced -354.0k -354,004
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 3,192,1503.2m $93.5m $93.5m 0.03% Reduced -549.9k -549,924
3 Capital Investment Advisors, LLC 1.70% of their portfolio ATLANTA, GA 3,188,1193.2m $96.5m $96.5m 1.70% Added +141.8k +141,828
4 Cerity Partners LLC 0.16% of their portfolio NEW YORK, NY 3,046,6203.0m $89.2m $89.2m 0.16% Added +95.9k +95,886
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,440,0292.4m $71.4m $71.4m 0.00% Reduced -200.9k -200,906
6 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 2,180,9442.2m $63.8m $63.8m 0.02% Reduced -435.2k -435,192
7 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,625,5121.6m $47.6m $47.6m 0.01% Reduced -42.6k -42,583
8 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,401,2091.4m $41.0m $41.0m 0.01% Reduced -68.7k -68,658
9 Kensington Asset Management, LLC 3.02% of their portfolio AUSTIN, TX 1,363,8701.4m $39.9m $39.9m 3.02% Reduced -855.9k -855,856
10 SOUTHERN FARM BUREAU LIFE INSURANCE 4.60% of their portfolio JACKSON, MS 1,231,4471.2m $36.0m $36.0m 4.60% Unchanged
11 1832 Asset Management L.P. 0.06% of their portfolio TORONTO, A6 1,225,6431.2m $35.9m $35.9m 0.06% Added +47.1k +47,147
12 EVERGREEN CAPITAL MANAGEMENT LLC 0.91% of their portfolio Bellevue, WA 1,033,5821.0m $30.3m $30.3m 0.91% Added +27.4k +27,409
13 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 967,015967.0k $28.3m $28.3m 0.01% Unchanged
14 Ocean Park Asset Management, LLC 0.94% of their portfolio SANTA MONICA, CA 913,400913.4k $26.4m $26.4m 0.94% Unchanged
15 Horizon Investments, LLC 0.35% of their portfolio Charlotte, NC 755,471755.5k $21.9m $21.9m 0.35% Reduced -271.2k -271,230
16 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 710,526710.5k $20.8m $20.8m 0.00% New
17 SCOTIA CAPITAL INC. 0.09% of their portfolio TORONTO, A6 680,309680.3k $19.9m $19.9m 0.09% Reduced -204.5k -204,530
18 Wealthcare Advisory Partners LLC 0.42% of their portfolio WEST CHESTER, PA 627,875627.9k $18.4m $18.4m 0.42% Added +19.6k +19,564
19 CAPE COD FIVE CENTS SAVINGS BANK 1.51% of their portfolio HYANNIS, MA 562,071562.1k $16.5m $16.5m 1.51% Unchanged
20 HOWARD FINANCIAL SERVICES, LTD. 2.13% of their portfolio DALLAS, TX 552,880552.9k $16.2m $16.2m 2.13% Added +33.3k +33,331
21 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 513,617513.6k $15.0m $15.0m 0.01% Reduced -328.9k -328,856
22 AE Wealth Management LLC 0.10% of their portfolio TOPEKA, KS 489,526489.5k $14.3m $14.3m 0.10% Reduced -121.3k -121,348
23 American Financial Advisors, LLC 1.99% of their portfolio Marietta, GA 485,489485.5k $14.2m $14.2m 1.99% Reduced -6.0k -6,029
24 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 471,898471.9k $13.8m $13.8m 0.00% Reduced -1.4m -1,438,834
25 GUGGENHEIM CAPITAL LLC 0.11% of their portfolio CHICAGO, IL 457,885457.9k $13.4m $13.4m 0.11% Reduced -17.3k -17,326
26 Janney Capital Management LLC 0.81% of their portfolio PITTSBURGH, PA 429,100429.1k $12.6m $12.6m 0.81% Reduced -8.3k -8,305
27 CYPRESS FINANCIAL PLANNING LLC 3.95% of their portfolio HADDON HEIGHTS, NJ 411,103411.1k $12.0m $12.0m 3.95% Added +25.0k +25,015
28 Integrated Wealth Concepts LLC 0.11% of their portfolio WALTHAM, MA 386,113386.1k $11.3m $11.3m 0.11% Added +1.6k +1,556
29 BRASS TAX WEALTH MANAGEMENT, INC 2.12% of their portfolio CINCINNATI, OH 375,580375.6k $11.0m $11.0m 2.12% Added +5.2k +5,243
30 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 374,795374.8k $11.0m $11.0m 0.01% Reduced -17.0k -16,973
31 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 370,272370.3k $10.8m $10.8m 0.02% Added +193.6k +193,590
32 Destiny Wealth Partners, LLC 1.38% of their portfolio TAVARES, FL 349,545349.5k $10.2m $10.2m 1.38% Added +6.5k +6,545
33 Allworth Financial LP 0.05% of their portfolio FOLSOM, CA 328,556328.6k $9.6m $9.6m 0.05% Added +26.4k +26,418
34 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 306,000306.0k $9.0m $9.0m 0.01% Reduced -18.3k -18,257
35 WRAPMANAGER INC 2.13% of their portfolio MILL VALLEY, CA 299,114299.1k $8.8m $8.8m 2.13% Added +23.3k +23,331
36 Symphony Financial, Ltd. Co. 1.16% of their portfolio HOUSTON, TX 298,978299.0k $8.8m $8.8m 1.16% Added +289.6k +289,646
37 SHEPHERD KAPLAN KROCHUK, LLC 7.60% of their portfolio Boston, MA 298,616298.6k $8.7m $8.7m 7.60% Reduced -10.3k -10,289
38 CHB Investment Group, LLC 4.44% of their portfolio NEW HOPE, PA 297,549297.5k $8.7m $8.7m 4.44% Reduced -7.8k -7,788
39 AVANTAX ADVISORY SERVICES, INC. 0.05% of their portfolio DALLAS, TX 287,201287.2k $8.4m $8.4m 0.05% Added +14.0k +14,047
40 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 282,609282.6k $8.3m $8.3m 0.02% New
41 Tidal Investments LLC 0.05% of their portfolio Milwaukee, WI 281,572281.6k $8.2m $8.2m 0.05% New
42 PEAK FINANCIAL ADVISORS LLC 4.11% of their portfolio DENVER, CO 274,231274.2k $8.0m $8.0m 4.11% Reduced -45.2k -45,204
43 ACT Advisors, LLC. 3.49% of their portfolio ASHEVILLE, NC 257,623257.6k $7.5m $7.5m 3.49% New
44 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 254,614254.6k $7.5m $7.5m 0.02% Reduced -14.4k -14,419
45 Allianz Investment Management U.S. LLC 0.31% of their portfolio Minneapolis, MN 248,042248.0k $7.3m $7.3m 0.31% Unchanged
46 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 243,074243.1k $7.1m $7.1m 0.02% Reduced -188.1k -188,113
47 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 238,045238.0k $7.0m $7.0m 0.01% Reduced -52.8k -52,770
48 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 229,940229.9k $6.7m $6.7m 0.01% Reduced -274.1k -274,068
49 FAS Wealth Partners, Inc. 0.48% of their portfolio LEAWOOD, KS 221,067221.1k $6.5m $6.5m 0.48% Reduced -543 -543
50 NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio TOKYO, M0 219,168219.2k $6.4m $6.4m 0.02% Added +7.0k +7,045
51 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 215,943215.9k $6.3m $6.3m 0.00% Added +13.4k +13,442
52 Melone Private Wealth, LLC 3.12% of their portfolio AUBURN HILLS, MI 209,211209.2k $6.1m $6.1m 3.12% Added +2.8k +2,769
53 OneDigital Investment Advisors LLC 0.07% of their portfolio OVERLAND PARK, KS 205,691205.7k $6.0m $6.0m 0.07% Reduced -2.0k -1,952
54 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 202,480202.5k $5.9m $5.9m 0.01% Reduced -18.9k -18,905
55 M Holdings Securities, Inc. 0.99% of their portfolio PORTLAND, OR 196,901196.9k $5.8m $5.8m 0.99% Added +11.5k +11,503
56 Wela Strategies, Inc. 2.26% of their portfolio ATLANTA, GA 196,024196.0k $5.7m $5.7m 2.26% Added +1.2k +1,231
57 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 194,830194.8k $5.7m $5.7m 0.00% Reduced -28.6k -28,582
58 NBT BANK, N.A. 0.39% of their portfolio NORWICH, NY 192,341192.3k $5.6m $5.6m 0.39% Added +6.5k +6,483
59 Atlantic Edge Private Wealth Management, LLC 1.54% of their portfolio JACKSONVILLE, FL 192,179192.2k $5.6m $5.6m 1.54% Reduced -190.9k -190,942
60 Ancora Advisors LLC 0.12% of their portfolio Cleveland, OH 189,323189.3k $5.5m $5.5m 0.12% Added +10.5k +10,490
61 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 183,489183.5k $5.4m $5.4m 0.03% Reduced -307.2k -307,165
62 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 183,428183.4k $5.4m $5.4m 0.00% Reduced -17.1k -17,066
63 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 182,379182.4k $5.3m $5.3m 0.01% Reduced -100.0k -100,000
64 Essex LLC 1.02% of their portfolio DEER PARK, IL 177,449177.4k $5.2m $5.2m 1.02% Added +4.0k +3,963
65 MONEY CONCEPTS CAPITAL CORP 0.34% of their portfolio PALM BEACH GARDENS, FL 174,471174.5k $5.1m $5.1m 0.34% Added +22.6k +22,630
66 UBS Group AG 0.00% of their portfolio ZURICH, V8 165,772165.8k $4.9m $4.9m 0.00% Added +4.8k +4,846
67 MOSAIC FAMILY WEALTH PARTNERS, LLC 0.60% of their portfolio ST. LOUIS, MO 160,960161.0k $4.7m $4.7m 0.60% Added +7.5k +7,487
68 KESTRA PRIVATE WEALTH SERVICES, LLC 0.07% of their portfolio AUSTIN, TX 159,581159.6k $4.7m $4.7m 0.07% Added +31.2k +31,245
69 Family Legacy, Inc. 1.48% of their portfolio GREENVILLE, SC 155,219155.2k $4.5m $4.5m 1.48% Added +2.7k +2,723
70 PRINCIPAL SECURITIES, INC. 0.08% of their portfolio DES MOINES, IA 152,588152.6k $4.5m $4.5m 0.08% Added +32.8k +32,775
71 Sebold Capital Management, Inc. 2.64% of their portfolio LISLE, IL 146,289146.3k $4.3m $4.3m 2.64% Reduced -3.0k -3,022
72 Octavia Wealth Advisors, LLC 0.48% of their portfolio CINCINNATI, OH 145,275145.3k $4.3m $4.3m 0.48% Reduced -199.0k -199,007
73 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 143,719143.7k $4.2m $4.2m 0.03% Added +26.6k +26,612
74 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 136,027136.0k $4.0m $4.0m 0.00% Reduced -17.3k -17,303
75 Hershey Financial Advisers, LLC 3.55% of their portfolio LANCASTER, PA 135,319135.3k $4.0m $4.0m 3.55% First filing
76 Synergy Asset Management, LLC 0.44% of their portfolio VANCOUVER, WA 131,216131.2k $3.8m $3.8m 0.44% New
77 INSIGNEO ADVISORY SERVICES, LLC 0.32% of their portfolio MIAMI, FL 129,002129.0k $3.8m $3.8m 0.32% Added +790 +790
78 SECURIAN ASSET MANAGEMENT, INC 0.11% of their portfolio ST PAUL, MN 129,000129.0k $3.8m $3.8m 0.11% Reduced -40.8k -40,800
79 Towneley Capital Management, Inc / DE 0.86% of their portfolio LAGUNA HILLS, CA 128,359128.4k $3.8m $3.8m 0.86% Added +5.6k +5,554
80 Frank, Rimerman Advisors LLC 0.25% of their portfolio Palo Alto, CA 125,518125.5k $3.7m $3.7m 0.25% Reduced -967 -967
81 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 125,310125.3k $3.7m $3.7m 0.01% Reduced -36.4k -36,399
82 Advyzon Investment Management, LLC 0.81% of their portfolio LISLE, IL 125,226125.2k $3.7m $3.7m 0.81% Added +876 +876
83 Accel Wealth Management 1.18% of their portfolio WAVERLY, IA 121,060121.1k $3.5m $3.5m 1.18% Added +1.1k +1,115
84 SILVIA MCCOLL WEALTH MANAGEMENT, LLC 2.54% of their portfolio SAN DIEGO, CA 119,164119.2k $3.5m $3.5m 2.54% Added +512 +512
85 Graney & King, LLC 2.33% of their portfolio LATHAM, NY 118,351118.4k $3.5m $3.5m 2.33% Added +8.1k +8,061
86 CW Advisors, LLC 0.03% of their portfolio BOSTON, MA 112,063112.1k $3.3m $3.3m 0.03% Reduced -9.7k -9,710
87 Cooper Financial Group 0.39% of their portfolio IRVINE, CA 111,827111.8k $3.3m $3.3m 0.39% Added +4.9k +4,946
88 Performa Ltd (US), LLC 0.98% of their portfolio CHARLESTON, SC 111,317111.3k $3.3m $3.3m 0.98% Reduced -363.5k -363,542
89 Stewardship Advisors, LLC 0.82% of their portfolio MOUNT JOY, PA 110,234110.2k $3.2m $3.2m 0.82% Added +409 +409
90 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 108,663108.7k $3.2m $3.2m 0.01% Reduced -98.9k -98,949
91 CONGRESS ASSET MANAGEMENT CO 0.02% of their portfolio BOSTON, MA 106,124106.1k $3.1m $3.1m 0.02% Reduced -9.6k -9,615
92 RiverFront Investment Group, LLC 0.06% of their portfolio RICHMOND, VA 104,857104.9k $3.1m $3.1m 0.06% Reduced -643.4k -643,371
93 Betterment LLC 0.01% of their portfolio NEW YORK, NY 103,556103.6k $3.0m $3.0m 0.01% Added +2.4k +2,382
94 Capitolis Liquid Global Markets LLC 0.02% of their portfolio NEW YORK, NY 97,50097.5k $2.9m $2.9m 0.02% New
95 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 97,29297.3k $2.8m $2.8m 0.00% Added +64.2k +64,245
96 CONNING INC. 0.10% of their portfolio HARTFORD, CT 97,26797.3k $2.8m $2.8m 0.10% Added +46.6k +46,561
97 Piedmont Capital Management, LLC 1.61% of their portfolio WHITEFISH, MT 95,16495.2k $2.8m $2.8m 1.61% Added +3.6k +3,601
98 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 91,83091.8k $2.7m $2.7m 0.00% Added +12.4k +12,392
99 Plan Group Financial, LLC 0.85% of their portfolio OKLAHOMA CITY, OK 88,69288.7k $2.6m $2.6m 0.85% Added +49.4k +49,369
100 INTERACTIVE FINANCIAL ADVISORS, INC. 1.26% of their portfolio New Lenox, IL 88,07488.1k $2.6m $2.6m 1.26% Reduced -4.1k -4,097