Vault-13

VANECK ETF TRUST ANGL

FALLEN ANGEL HG · ETP · CUSIP 92189F437

346 institutional holders +21 vs Q3 2025
73,914,75373.9m shares reported held*
$2.2bnreported value*
32 new 142 added 104 reduced 26 sold out net sold ≈ $23.0m (-781.8k 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 ($1.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.46.

Trends to Q4 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: 338Q3 25: 325Q4 25: 346346Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025325
Q4 2025346

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 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 25Q3 25: 170 bought or addedQ3 25: 134 cut or sold outQ4 25: 174 bought or addedQ4 25: 130 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024184165
Q2 2024167161
Q3 2024176144
Q4 2024177132
Q1 2025180146
Q2 2025149170
Q3 2025170134
Q4 2025174130

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ1 25 calls: $634.9kQ1 25 puts: $363.6kQ1 25P/C 0.57Q2 25 calls: $532.9kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$634.9k$363.6k0.57
Q2 2025$532.9k$00.00
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

SOUTHERN FARM BUREAU LIFE INSURANCE Added +1,356,065+1.4m
WELLS FARGO & COMPANY/MN Added +348,040+348.0k
Elevation Capital Advisory, LLC Added +334,227+334.2k
Capital Investment Advisors, LLC Added +326,747+326.7k
Thrivent Financial for Lutherans Added +297,837+297.8k
WCG Wealth Advisors LLC Added +264,076+264.1k
Allianz SE New +248,042+248.0k
Cerity Partners LLC Added +163,292+163.3k
Echo45 Advisors LLC New +155,198+155.2k
Envestnet Portfolio Solutions, Inc. New +148,021+148.0k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -740,335-740.3k
Integrated Wealth Concepts LLC Reduced -711,664-711.7k
Horizon Investments, LLC Reduced -468,189-468.2k
AMERIPRISE FINANCIAL INC Reduced -382,792-382.8k
Tower Research Capital LLC (TRC) Sold out -329,250-329.2k
GOLDMAN SACHS GROUP INC Reduced -319,600-319.6k
ACT Advisors, LLC. Sold out -285,636-285.6k
Synergy Asset Management, LLC Sold out -262,432-262.4k
UBS Group AG Reduced -249,083-249.1k
Ocean Park Asset Management, LLC Reduced -237,100-237.1k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 19,854,26019.9m $583.0m $583.0m 0.04% Reduced -740.3k -740,335
2 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 4,389,6994.4m $128.9m $128.9m 0.04% Reduced -136.7k -136,693
3 Capital Investment Advisors, LLC 1.64% of their portfolio ATLANTA, GA 3,657,9793.7m $107.4m $107.4m 1.64% Added +326.7k +326,747
4 Cerity Partners LLC 0.14% of their portfolio NEW YORK, NY 3,334,7833.3m $97.9m $97.9m 0.14% Added +163.3k +163,292
5 SOUTHERN FARM BUREAU LIFE INSURANCE 7.85% of their portfolio JACKSON, MS 2,587,5122.6m $76.0m $76.0m 7.85% Added +1.4m +1,356,065
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,568,5582.6m $75.4m $75.4m 0.00% Added +83.9k +83,928
7 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,960,6642.0m $57.6m $57.6m 0.01% Added +348.0k +348,040
8 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,443,0681.4m $42.4m $42.4m 0.01% Reduced -27.0k -27,036
9 Kensington Asset Management, LLC 2.12% of their portfolio AUSTIN, TX 1,394,4301.4m $41.0m $41.0m 2.12% Added +30.6k +30,560
10 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 1,243,2211.2m $36.5m $36.5m 0.05% Added +27.2k +27,241
11 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,169,1651.2m $34.3m $34.3m 0.01% Reduced -382.8k -382,792
12 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 967,015967.0k $28.4m $28.4m 0.01% Unchanged
13 Ocean Park Asset Management, LLC 1.12% of their portfolio SANTA MONICA, CA 812,100812.1k $23.8m $23.8m 1.12% Reduced -237.1k -237,100
14 EVERGREEN CAPITAL MANAGEMENT LLC 0.51% of their portfolio Bellevue, WA 781,910781.9k $23.0m $23.0m 0.51% Added +2.4k +2,411
15 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 742,779742.8k $21.8m $21.8m 0.01% Added +25.1k +25,103
16 Wealthcare Advisory Partners LLC 0.39% of their portfolio WEST CHESTER, PA 671,370671.4k $19.7m $19.7m 0.39% Added +17.5k +17,456
17 HOWARD FINANCIAL SERVICES, LTD. 2.11% of their portfolio DALLAS, TX 615,543615.5k $18.1m $18.1m 2.11% Added +28.2k +28,212
18 SCOTIA CAPITAL INC. 0.07% of their portfolio TORONTO, A6 607,066607.1k $17.8m $17.8m 0.07% Reduced -163.3k -163,267
19 Storen Legacy Partners, LLC 5.25% of their portfolio ZIONSVILLE, IN 569,702569.7k $16.7m $16.7m 5.25% First filing
20 CAPE COD FIVE CENTS SAVINGS BANK 1.51% of their portfolio HYANNIS, MA 562,071562.1k $16.5m $16.5m 1.51% Unchanged
21 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 550,494550.5k $16.2m $16.2m 0.02% Reduced -46.9k -46,875
22 Horizon Investments, LLC 0.20% of their portfolio Charlotte, NC 543,475543.5k $16.0m $16.0m 0.20% Reduced -468.2k -468,189
23 AE Wealth Management LLC 0.09% of their portfolio TOPEKA, KS 538,215538.2k $15.8m $15.8m 0.09% Added +23.6k +23,613
24 Strategic Wealth Investment Group, LLC 1.91% of their portfolio LOUISVILLE, KY 528,207528.2k $15.5m $15.5m 1.91% Reduced -152.0k -152,014
25 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 503,344503.3k $14.8m $14.8m 0.00% Added +25.8k +25,780
26 American Financial Advisors, LLC 1.89% of their portfolio Marietta, GA 497,730497.7k $14.6m $14.6m 1.89% Reduced -26.0k -26,041
27 GUGGENHEIM CAPITAL LLC 0.10% of their portfolio CHICAGO, IL 470,807470.8k $13.8m $13.8m 0.10% Added +15.6k +15,604
28 CYPRESS FINANCIAL PLANNING LLC 3.84% of their portfolio HADDON HEIGHTS, NJ 467,398467.4k $13.7m $13.7m 3.84% Added +27.9k +27,857
29 Pioneer Family Office, LLC 9.15% of their portfolio NORTH MIAMI BEACH, FL 461,154461.2k $13.5m $13.5m 9.15% First filing
30 Summit Financial, LLC 0.20% of their portfolio PARSIPPANY, NJ 456,608456.6k $13.4m $13.4m 0.20% Added +16.2k +16,223
31 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 444,187444.2k $13.0m $13.0m 0.01% Added +89.4k +89,425
32 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 414,074414.1k $12.2m $12.2m 0.02% Added +21.7k +21,687
33 Janney Capital Management LLC 0.75% of their portfolio PITTSBURGH, PA 408,708408.7k $12.0m $12.0m 0.75% Reduced -11.3k -11,344
34 Allworth Financial LP 0.05% of their portfolio FOLSOM, CA 401,936401.9k $11.8m $11.8m 0.05% Added +32.4k +32,437
35 Destiny Wealth Partners, LLC 1.33% of their portfolio TAVARES, FL 392,275392.3k $11.6m $11.6m 1.33% Added +17.1k +17,131
36 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 372,905372.9k $11.0m $11.0m 0.01% Added +117.6k +117,572
37 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 372,180372.2k $10.9m $10.9m 0.01% Reduced -996 -996
38 Elevation Capital Advisory, LLC 4.42% of their portfolio BEND, OR 368,570368.6k $10.8m $10.8m 4.42% Added +334.2k +334,227
39 Melone Private Wealth, LLC 4.40% of their portfolio AUBURN HILLS, MI 352,925352.9k $10.4m $10.4m 4.40% Added +141.6k +141,624
40 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 349,793349.8k $10.3m $10.3m 0.02% Added +297.8k +297,837
41 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 304,150304.1k $8.9m $8.9m 0.02% Added +23.3k +23,299
42 SHEPHERD KAPLAN KROCHUK, LLC 7.23% of their portfolio Boston, MA 298,270298.3k $8.8m $8.8m 7.23% Reduced -25.2k -25,206
43 Symphony Financial, Ltd. Co. 1.17% of their portfolio HOUSTON, TX 297,116297.1k $8.7m $8.7m 1.17% Reduced -6.7k -6,731
44 WCG Wealth Advisors LLC 0.24% of their portfolio LAS VEGAS, NV 296,532296.5k $8.7m $8.7m 0.24% Added +264.1k +264,076
45 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 276,803276.8k $8.1m $8.1m 0.01% Added +31.3k +31,251
46 Ancora Advisors LLC 0.17% of their portfolio Cleveland, OH 273,077273.1k $8.0m $8.0m 0.17% Added +60.8k +60,760
47 Graney & King, LLC 4.56% of their portfolio LATHAM, NY 265,511265.5k $7.8m $7.8m 4.56% Added +109.4k +109,400
48 Allianz SE 0.09% of their portfolio Munich, 2M 248,042248.0k $7.3m $7.3m 0.09% New
49 FAS Wealth Partners, Inc. 0.44% of their portfolio LEAWOOD, KS 232,375232.4k $6.8m $6.8m 0.44% Added +9.1k +9,066
50 Emissary Wealth LLC 5.71% of their portfolio HACKENSACK, NJ 231,409231.4k $6.8m $6.8m 5.71% First filing
51 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 228,380228.4k $6.7m $6.7m 0.02% Reduced -80.1k -80,098
52 WRAPMANAGER INC 2.20% of their portfolio MILL VALLEY, CA 221,736221.7k $6.5m $6.5m 2.20% Reduced -6.6k -6,611
53 OneDigital Investment Advisors LLC 0.06% of their portfolio OVERLAND PARK, KS 218,810218.8k $6.4m $6.4m 0.06% Added +1.5k +1,540
54 Atlantic Edge Private Wealth Management, LLC 1.58% of their portfolio JACKSONVILLE, FL 216,900216.9k $6.4m $6.4m 1.58% Added +19.7k +19,734
55 KESTRA PRIVATE WEALTH SERVICES, LLC 0.08% of their portfolio AUSTIN, TX 216,287216.3k $6.4m $6.4m 0.08% Added +34.7k +34,722
56 Napier Financial, LLC 1.49% of their portfolio BRAINTREE, MA 203,254203.3k $6.0m $6.0m 1.49% First filing
57 MONEY CONCEPTS CAPITAL CORP 0.33% of their portfolio PALM BEACH GARDENS, FL 200,174200.2k $5.9m $5.9m 0.33% Added +19.7k +19,708
58 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 198,374198.4k $5.8m $5.8m 0.01% Reduced -5.6k -5,595
59 OpenArc Corporate Advisory, LLC 0.09% of their portfolio ATLANTA, GA 191,051191.1k $5.6m $5.6m 0.09% First filing
60 Plan Group Financial, LLC 1.42% of their portfolio OKLAHOMA CITY, OK 185,888185.9k $5.5m $5.5m 1.42% Added +39.8k +39,827
61 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 182,379182.4k $5.4m $5.4m 0.01% Unchanged
62 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 181,431181.4k $5.3m $5.3m 0.03% Added +12.7k +12,720
63 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 179,957180.0k $5.4m $5.4m 0.02% Added +1 +1
64 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 171,753171.8k $5.0m $5.0m 0.00% Reduced -89.4k -89,431
65 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 171,343171.3k $5.0m $5.0m 0.00% Added +19.4k +19,378
66 UBS Group AG 0.00% of their portfolio ZURICH, V8 157,371157.4k $4.6m $4.6m 0.00% Reduced -249.1k -249,083
67 Family Legacy, Inc. 1.38% of their portfolio GREENVILLE, SC 156,828156.8k $4.6m $4.6m 1.38% Added +1.2k +1,186
68 Echo45 Advisors LLC 2.60% of their portfolio WALNUT CREEK, CA 155,198155.2k $4.6m $4.6m 2.60% New
69 Octavia Wealth Advisors, LLC 0.44% of their portfolio CINCINNATI, OH 155,179155.2k $4.6m $4.6m 0.44% Added +5.8k +5,780
70 MOSAIC FAMILY WEALTH PARTNERS, LLC 0.49% of their portfolio ST. LOUIS, MO 152,516152.5k $4.5m $4.5m 0.49% Reduced -10.5k -10,482
71 One Capital Management, LLC 0.13% of their portfolio WESTLAKE VILLAGE, CA 149,964150.0k $4.4m $4.4m 0.13% Added +12.4k +12,379
72 INSIGNEO ADVISORY SERVICES, LLC 0.31% of their portfolio MIAMI, FL 149,440149.4k $4.4m $4.4m 0.31% Added +9.7k +9,681
73 Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio BERWYN, PA 148,021148.0k $4.3m $4.3m 0.02% New
74 Advyzon Investment Management, LLC 0.50% of their portfolio LISLE, IL 147,760147.8k $4.3m $4.3m 0.50% Added +3.3k +3,258
75 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 140,100140.1k $4.1m $4.1m 0.00% Reduced -319.6k -319,600
76 IAMS WEALTH MANAGEMENT, LLC 1.48% of their portfolio OMAHA, NE 139,646139.6k $4.1m $4.1m 1.48% Added +66.1k +66,052
77 PRINCIPAL SECURITIES, INC. 0.06% of their portfolio DES MOINES, IA 132,922132.9k $3.9m $3.9m 0.06% Added +1.1k +1,116
78 RiverFront Investment Group, LLC 0.06% of their portfolio RICHMOND, VA 132,582132.6k $3.9m $3.9m 0.06% Added +12.9k +12,904
79 Towneley Capital Management, Inc / DE 0.82% of their portfolio LAGUNA HILLS, CA 132,528132.5k $3.9m $3.9m 0.82% Added +2.0k +1,952
80 Frank, Rimerman Advisors LLC 0.23% of their portfolio Palo Alto, CA 125,518125.5k $3.7m $3.7m 0.23% Unchanged
81 Stewardship Advisors, LLC 0.85% of their portfolio MOUNT JOY, PA 124,544124.5k $3.7m $3.7m 0.85% Added +10.9k +10,879
82 Accel Wealth Management 1.00% of their portfolio WAVERLY, IA 123,911123.9k $3.6m $3.6m 1.00% Added +11.1k +11,134
83 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 122,240122.2k $3.6m $3.6m 0.00% Added +17.3k +17,321
84 Cooper Financial Group 0.38% of their portfolio IRVINE, CA 120,609120.6k $3.5m $3.5m 0.38% Added +3.8k +3,820
85 SILVIA MCCOLL WEALTH MANAGEMENT, LLC 2.35% of their portfolio SAN DIEGO, CA 120,389120.4k $3.5m $3.5m 2.35% Added +2.6k +2,594
86 Performa Ltd (US), LLC 0.89% of their portfolio CHARLESTON, SC 119,217119.2k $3.5m $3.5m 0.89% Added +3.9k +3,900
87 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 117,631117.6k $3.5m $3.5m 0.01% Added +12.7k +12,663
88 Betterment LLC 0.01% of their portfolio NEW YORK, NY 114,256114.3k $3.4m $3.4m 0.01% Added +5.0k +5,027
89 Darrow Company, Inc. 1.47% of their portfolio Needham, MA 111,579111.6k $3.3m $3.3m 1.47% Added +13.0k +12,989
90 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 111,226111.2k $3.3m $3.3m 0.00% Added +17.9k +17,937
91 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 109,911109.9k $3.2m $3.2m 0.00% Reduced -69.2k -69,239
92 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 109,800109.8k $3.2m $3.2m 0.01% Reduced -1.0k -1,012
93 Piedmont Capital Management, LLC 1.63% of their portfolio WHITEFISH, MT 108,554108.6k $3.2m $3.2m 1.63% Added +6.8k +6,753
94 IHT Wealth Management, LLC 0.07% of their portfolio Chicago, IL 100,005100.0k $2.9m $2.9m 0.07% Added +22.1k +22,070
95 CONGRESS ASSET MANAGEMENT CO 0.02% of their portfolio BOSTON, MA 99,53399.5k $2.9m $2.9m 0.02% Reduced -5.2k -5,196
96 CONNING INC. 0.10% of their portfolio HARTFORD, CT 97,26797.3k $2.9m $2.9m 0.10% Unchanged
97 Financial Partners Group, Inc 0.33% of their portfolio Overland Park, KS 96,71096.7k $2.9m $2.9m 0.33% Added +6.6k +6,623
98 Blue Trust, Inc. 0.03% of their portfolio BRENTWOOD, TN 92,59592.6k $2.7m $2.7m 0.03% Reduced -531 -531
99 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 91,02991.0k $2.7m $2.7m 0.01% Added +29.4k +29,361
100 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 87,50087.5k $2.6m $2.6m 0.01% Reduced -100 -100