VANECK ETF TRUST SMOG
LOW CARBN ENERGY · ETP · CUSIP 92189F502
60
institutional holders
+6 vs Q3 2025
243.4k
shares reported held*
$31.6mreported value*
6 new
15 added
13 reduced
5 sold out
net bought ≈ $798.0k (+6.2k 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 ≈ $129.69. Options: 1 managers hold calls ($373.2m notional), 0 hold puts (—).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 65 |
| Q4 2022 | 61 |
| Q1 2023 | 65 |
| Q2 2023 | 61 |
| Q3 2023 | 60 |
| Q4 2023 | 70 |
| Q1 2024 | 62 |
| Q2 2024 | 61 |
| Q3 2024 | 62 |
| Q4 2024 | 59 |
| Q1 2025 | 57 |
| Q2 2025 | 60 |
| Q3 2025 | 54 |
| Q4 2025 | 60 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 19 | 28 |
| Q2 2024 | 13 | 23 |
| Q3 2024 | 18 | 16 |
| Q4 2024 | 13 | 24 |
| Q1 2025 | 9 | 22 |
| Q2 2025 | 14 | 20 |
| Q3 2025 | 15 | 22 |
| Q4 2025 | 21 | 18 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $491.3m | $0 | 0.00 |
| Q2 2025 | $598.8m | $0 | 0.00 |
| Q3 2025 | $744.0m | $0 | 0.00 |
| Q4 2025 | $373.2m | $0 | 0.00 |
Biggest buyers
| FLOW TRADERS U.S. LLC | New | +10.1k |
| JANE STREET GROUP, LLC | Added | +6.7k |
| MORGAN STANLEY | Added | +1.4k |
| WELLS FARGO & COMPANY/MN | Added | +1.3k |
| UBS Group AG | Added | +1.1k |
| Mariner, LLC | Added | +1.0k |
| NATIONAL BANK OF CANADA /FI/ | Added | +750 |
| Elevated Capital Advisors, LLC | New | +627 |
| Focus Partners Wealth | Added | +496 |
| Kestra Advisory Services, LLC | New | +178 |
Biggest sellers
| GTS SECURITIES LLC | Reduced | -7.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -4.1k |
| CITADEL ADVISORS LLC | Sold out | -1.7k |
| AMERIPRISE FINANCIAL INC | Reduced | -1.4k |
| FLAGSHIP HARBOR ADVISORS, LLC | Reduced | -839 |
| AE Wealth Management LLC | Reduced | -499 |
| FMR LLC | Reduced | -476 |
| COMERICA BANK | Sold out | -404 |
| RAYMOND JAMES FINANCIAL INC | Reduced | -275 |
| Palisades Hudson Asset Management, L.P. | Reduced | -113 |
Biggest calls
| SIMPLEX TRADING, LLC | Reduced | $373.2m2.5m 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| FLAGSHIP HARBOR ADVISORS, LLC 0.21% of their portfolio | 34.5k $4.5m | Reduced -839 |
| MORGAN STANLEY 0.00% of their portfolio | 29.3k $3.8m | Added +1.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 20.0k $2.6m | Reduced -1.4k |
| Palisades Hudson Asset Management, L.P. 0.77% of their portfolio | 15.4k $2.0m | Reduced -113 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 15.1k $2.0m | Added +6.7k |
| LPL Financial LLC 0.00% of their portfolio | 12.2k $1.6m | Reduced -65 |
| UBS Group AG 0.00% of their portfolio | 10.2k $1.3m | Added +1.1k |
| FLOW TRADERS U.S. LLC 0.04% of their portfolio | 10.1k $1.3m | New |
| Focus Partners Wealth 0.00% of their portfolio | 9.4k $1.2m | Added +496 |
| Pathstone Holdings, LLC 0.00% of their portfolio | 8.1k $1.1m | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 7.3k $940.6k | Added +9 |
| JNBA Financial Advisors 0.08% of their portfolio | 7.0k $903.4k | Added +28 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 5.6k $722.4k | Added +1.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 5.1k $666.4k | Reduced -4.1k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 4.9k $650.7k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 4.9k $630.0k | Added +75 |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 4.7k $611.7k | Reduced -7 |
| GTS SECURITIES LLC 0.02% of their portfolio | 4.4k $564.6k | Reduced -7.7k |
| Mariner, LLC 0.00% of their portfolio | 3.9k $508.4k | Added +1.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 2.9k $373.2k | Added +41 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 2.7k $348.4k | Reduced -275 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 2.5k $326.6k | Reduced -5 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 2.2k $288.3k | Added +15 |
| Private Advisor Group, LLC 0.00% of their portfolio | 2.2k $280.8k | Unchanged |
| OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.0k $253.5k | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 1.9k $252.0k | Unchanged |
| FLPUTNAM INVESTMENT MANAGEMENT CO 0.00% of their portfolio | 1.9k $250.4k | Reduced -7 |
| Lakeridge Wealth Management LLC 0.11% of their portfolio | 1.9k $249.5k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 1.9k $242.0k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 1.6k $209.6k | Added +750 |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 1.0k $130.0k | Added +24 |
| Atlantic Union Bankshares Corp 0.00% of their portfolio | 850 $110.2k | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 805 $104.3k | Reduced -100 |
| Hamrick Investment Counsel, llc 0.06% of their portfolio | 630 $81.7k | First filing |
| Elevated Capital Advisors, LLC 0.02% of their portfolio | 627 $81.3k | New |
| HOWE & RUSLING INC 0.00% of their portfolio | 563 $73.0k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 450 $58.3k | Unchanged |
| FMR LLC 0.00% of their portfolio | 410 $53.2k | Reduced -476 |
| AE Wealth Management LLC 0.00% of their portfolio | 366 $47.4k | Reduced -499 |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 339 $44.0k | Added +5 |
| Westfuller Advisors, LLC 0.01% of their portfolio | 212 $27.5k | Added +3 |
| PRIVATE TRUST CO NA 0.00% of their portfolio | 178 $23.1k | Unchanged |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 178 $23.1k | New |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 166 $21.5k | Unchanged |
| Pioneer Family Office, LLC 0.01% of their portfolio | 145 $18.8k | First filing |
| SageView Advisory Group, LLC 0.00% of their portfolio | 116 $15.0k | New |
| Wilmington Savings Fund Society, FSB 0.00% of their portfolio | 110 $14.3k | Unchanged |
| McMillan Office, Inc. 0.00% of their portfolio | 105 $13.6k | First filing |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 100 $13.0k | Unchanged |
| Ransom Advisory, Ltd 0.01% of their portfolio | 100 $13.0k | New |
| Capital Analysts, LLC 0.00% of their portfolio | 85 $11.0k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 40 $5.2k | Unchanged |
| AdvisorNet Financial, Inc 0.00% of their portfolio | 36 $4.7k | Unchanged |
| RMG Wealth Management LLC 0.00% of their portfolio | 15 $0 | New |
| IFC & Insurance Marketing, Inc. 0.00% of their portfolio | 15 $2.0k | First filing |
| Strive Financial Group ,LLC 0.00% of their portfolio | 14 $1.8k | First filing |
| Founders Financial Alliance, LLC 0.00% of their portfolio | 12 $1.6k | Unchanged |
| HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio | 8 $1.0k | Unchanged |
| Vermillion & White Wealth Management Group, LLC 0.00% of their portfolio | 6 $777 | Unchanged |
| ASSETMARK, INC 0.00% of their portfolio | 2 $259 | Unchanged |