Vault-13

VANECK ETF TRUST SMB

VANECK SHRT MUNI · ETP · CUSIP 92189F528

92 institutional holders -2 vs Q2 2025
13,096,51613.1m shares reported held*
$228.1mreported value*
9 new 35 added 32 reduced 9 sold out net bought ≈ $17.0m (+973.5k 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 ($706.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.42.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 110Q4 22: 109Q1 23: 103Q2 23: 101Q3 23: 95Q4 23: 96Q1 24: 92Q2 24: 90Q3 24: 84Q4 24: 92Q1 25: 92Q2 25: 94Q3 25: 9292Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022110
Q4 2022109
Q1 2023103
Q2 2023101
Q3 202395
Q4 202396
Q1 202492
Q2 202490
Q3 202484
Q4 202492
Q1 202592
Q2 202594
Q3 202592

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 23: 41 bought or addedQ4 23: 50 cut or sold outQ1 24: 38 bought or addedQ1 24: 40 cut or sold outQ1 24Q2 24: 29 bought or addedQ2 24: 43 cut or sold outQ3 24: 29 bought or addedQ3 24: 42 cut or sold outQ3 24Q4 24: 41 bought or addedQ4 24: 31 cut or sold outQ1 25: 42 bought or addedQ1 25: 33 cut or sold outQ1 25Q2 25: 41 bought or addedQ2 25: 36 cut or sold outQ3 25: 44 bought or addedQ3 25: 41 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20234150
Q1 20243840
Q2 20242943
Q3 20242942
Q4 20244131
Q1 20254233
Q2 20254136
Q3 20254441

Biggest buyers

RAYMOND JAMES FINANCIAL INC Added +825,327+825.3k
JPMORGAN CHASE & CO Added +553,014+553.0k
Savant Capital, LLC New +328,291+328.3k
Allworth Financial LP Added +146,094+146.1k
Sanctuary Advisors, LLC Added +106,837+106.8k
BANK OF AMERICA CORP /DE/ Added +79,720+79.7k
LWM Advisory Services, LLC New +52,187+52.2k
Gradient Investments LLC Added +40,829+40.8k
LPL Financial LLC Added +36,033+36.0k
AMERIPRISE FINANCIAL INC Added +24,100+24.1k

Biggest sellers

M Holdings Securities, Inc. Reduced -566,721-566.7k
DOHJ, LLC Sold out -389,766-389.8k
Composition Wealth, LLC Reduced -107,299-107.3k
Integrated Wealth Concepts LLC Reduced -87,231-87.2k
Freedom Investment Management, Inc. Sold out -48,922-48.9k
MORGAN STANLEY Reduced -37,727-37.7k
Prosperity Consulting Group, LLC Reduced -35,841-35.8k
Rehmann Capital Advisory Group Sold out -18,398-18.4k
Fluent Financial, LLC Sold out -17,065-17.1k
TITLEIST ASSET MANAGEMENT, LLC Sold out -14,525-14.5k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Allworth Financial LP 0.16% of their portfolio FOLSOM, CA 2,013,1572.0m $35.1m $35.1m 0.16% Added +146.1k +146,094
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,960,4452.0m $34.2m $34.2m 0.00% Added +79.7k +79,720
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,065,4681.1m $18.6m $18.6m 0.00% Added +553.0k +553,014
4 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 902,016902.0k $15.7m $15.7m 0.01% Added +825.3k +825,327
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 594,531594.5k $10.4m $10.4m 0.00% Added +36.0k +36,033
6 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 552,003552.0k $9.6m $9.6m 0.00% Reduced -10.6k -10,564
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 481,316481.3k $8.4m $8.4m 0.00% Reduced -37.7k -37,727
8 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 402,808402.8k $7.0m $7.0m 0.00% Added +24.1k +24,100
9 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 346,050346.1k $6.0m $6.0m 0.01% Added +5.9k +5,889
10 Savant Capital, LLC 0.03% of their portfolio ROCKFORD, IL 328,291328.3k $5.7m $5.7m 0.03% New
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 312,836312.8k $5.4m $5.4m 0.00% Added +4.6k +4,636
12 Composition Wealth, LLC 0.08% of their portfolio LOS ANGELES, CA 299,119299.1k $5.2m $5.2m 0.08% Reduced -107.3k -107,299
13 MY Wealth Management Inc. 3.86% of their portfolio GERMANTOWN, MD 252,913252.9k $4.4m $4.4m 3.86% Reduced -328 -328
14 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 251,069251.1k $4.4m $4.4m 0.00% Reduced -13.1k -13,075
15 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 227,635227.6k $4.0m $4.0m 0.01% Reduced -1.2k -1,247
16 CONDOR CAPITAL MANAGEMENT 0.31% of their portfolio MARTINSVILLE, NJ 219,258219.3k $3.8m $3.8m 0.31% Added +4.1k +4,059
17 MIdWestOne Financial Group, Inc. 0.45% of their portfolio Iowa City, IA 214,218214.2k $3.7m $3.7m 0.45% Added +10.3k +10,314
18 Willis Johnson & Associates, Inc. 0.23% of their portfolio Houston, TX 211,425211.4k $3.7m $3.7m 0.23% Reduced -1.3k -1,286
19 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 211,096211.1k $3.6m $3.6m 0.01% Added +106.8k +106,837
20 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 167,262167.3k $2.9m $2.9m 0.00% Added +4.9k +4,869
21 IMPACTfolio, LLC 1.20% of their portfolio DENVER, CO 159,853159.9k $2.8m $2.8m 1.20% Added +3.2k +3,181
22 Janney Capital Management LLC 0.16% of their portfolio PITTSBURGH, PA 143,892143.9k $2.5m $2.5m 0.16% Added +466 +466
23 Gradient Investments LLC 0.04% of their portfolio ARDEN HILLS, MN 131,402131.4k $2.3m $2.3m 0.04% Added +40.8k +40,829
24 Prosperity Consulting Group, LLC 0.11% of their portfolio OWINGS MILLS, MD 131,390131.4k $2.3m $2.3m 0.11% Reduced -35.8k -35,841
25 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 114,325114.3k $2.0m $2.0m 0.01% Added +21.2k +21,201
26 M Holdings Securities, Inc. 0.40% of their portfolio PORTLAND, OR 108,545108.5k $1.9m $1.9m 0.40% Reduced -566.7k -566,721
27 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 87,24887.2k $1.5m $1.5m 0.01% Added +19.4k +19,352
28 Westside Investment Management, Inc. 0.19% of their portfolio SANTA MONICA, CA 67,91567.9k $1.2m $1.2m 0.19% Added +453 +453
29 LWM Advisory Services, LLC 0.53% of their portfolio PLANTATION, FL 52,18752.2k $909.1k $909.1k 0.53% New
30 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 49,69649.7k $865.7k $865.7k 0.01% Reduced -87.2k -87,231
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 48,51748.5k $845.2k $845.2k 0.00% Reduced -4.6k -4,572
32 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 47,85047.9k $833.6k $833.6k 0.00% Added +7.1k +7,126
33 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.01% of their portfolio CINCINNATI, OH 46,08846.1k $802.9k $802.9k 0.01% Reduced -1.5k -1,500
34 FAS Wealth Partners, Inc. 0.05% of their portfolio LEAWOOD, KS 42,56142.6k $741.4k $741.4k 0.05% Added +2.7k +2,725
35 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 42,55542.6k $741.3k $741.3k 0.02% Added +1.8k +1,750
36 Ameritas Investment Partners, Inc. 0.02% of their portfolio LINCOLN, NE 42,26042.3k $736.2k $736.2k 0.02% Added +573 +573
37 Ascent Group, LLC 0.03% of their portfolio VIRGINIA BEACH, VA 41,51041.5k $723.1k $723.1k 0.03% Reduced -7.5k -7,494
38 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 41,47941.5k $721.7k $721.7k 0.00% Added +15.3k +15,269
39 PRIVATE TRUST CO NA 0.06% of their portfolio CLEVELAND, OH 41,38041.4k $720.8k $720.8k 0.06% Reduced -629 -629
40 COMERICA BANK 0.00% of their portfolio DALLAS, TX 36,54436.5k $636.6k $636.6k 0.00% Reduced -7.4k -7,383
41 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 36,43036.4k $634.6k $634.6k 0.01% Added +107 +107
42 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 34,50034.5k $601.0k $601.0k 0.01% Unchanged
43 LIBERTY SQUARE WEALTH PARTNERS LLC 0.18% of their portfolio BETHLEHEM, PA 33,02933.0k $575.4k $575.4k 0.18% Added +520 +520
44 JUNCTURE WEALTH STRATEGIES, LLC 0.18% of their portfolio SCOTTSDALE, AZ 31,39131.4k $546.8k $546.8k 0.18% Reduced -571 -571
45 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 29,65829.7k $516.6k $516.6k 0.01% Added +2.2k +2,214
46 Diversified Portfolios, Inc. 0.04% of their portfolio Bloomfield Hills, MI 27,95628.0k $487.0k $487.0k 0.04% Reduced -158 -158
47 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 25,08225.1k $436.2k $436.2k 0.00% Reduced -2.3k -2,280
48 PEOPLES BANK /OH 0.23% of their portfolio MARIETTA, OH 21,89921.9k $381.5k $381.5k 0.23% New
49 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 21,78621.8k $380.0k $380.0k 0.00% Reduced -242 -242
50 Detalus Advisors, LLC 0.09% of their portfolio ST. LOUIS, MO 20,80420.8k $362.4k $362.4k 0.09% Reduced -4.8k -4,842
51 One Capital Management, LLC 0.01% of their portfolio WESTLAKE VILLAGE, CA 19,27019.3k $335.7k $335.7k 0.01% Reduced -6.4k -6,440
52 EverSource Wealth Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 17,58217.6k $306.3k $306.3k 0.01% Added +5.5k +5,512
53 Capital Asset Advisory Services LLC 0.01% of their portfolio Williamston, MI 17,50017.5k $304.9k $304.9k 0.01% Reduced -2.3k -2,300
54 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 17,50017.5k $304.9k $304.9k 0.01% Reduced -2.3k -2,300
55 WealthShield Partners, LLC 0.03% of their portfolio CARY, NC 15,81315.8k $275.4k $275.4k 0.03% Unchanged
56 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 15,28515.3k $266.3k $266.3k 0.00% Reduced -6.3k -6,339
57 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,03015.0k $261.8k $261.8k 0.00% Reduced -13.7k -13,715
58 MassMutual Private Wealth & Trust, FSB 0.01% of their portfolio Windsor, CT 13,96514.0k $243.3k $243.3k 0.01% Added +13.6k +13,642
59 BOSTON FAMILY OFFICE LLC 0.02% of their portfolio BOSTON, MA 13,89613.9k $242.0k $242.0k 0.02% Unchanged
60 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 13,71813.7k $239.0k $239.0k 0.00% Reduced -11.8k -11,782
61 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 13,56213.6k $236.2k $236.2k 0.00% New
62 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 13,06913.1k $227.7k $227.7k 0.01% Reduced -2.1k -2,091
63 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,88512.9k $224.5k $224.5k 0.00% New
64 KAVAR CAPITAL PARTNERS GROUP, LLC 0.03% of their portfolio LEAWOOD, KS 12,50012.5k $217.8k $217.8k 0.03% Unchanged
65 Brand Asset Management Group, Inc. 0.06% of their portfolio CHESTERFIELD, MO 12,31812.3k $214.6k $214.6k 0.06% New
66 FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio BOSTON, MA 12,13312.1k $211.4k $211.4k 0.01% Added +1.0k +1,001
67 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,91811.9k $207.6k $207.6k 0.00% Added +1.2k +1,192
68 Trilogy Capital Inc. 0.01% of their portfolio IRVINE, CA 11,60011.6k $202.1k $202.1k 0.01% New
69 Berger Financial Group, Inc 0.01% of their portfolio PLYMOUTH, MN 11,04811.0k $192.5k $192.5k 0.01% Unchanged
70 CWM, LLC 0.00% of their portfolio OMAHA, NE 10,50010.5k $183.0k $183.0k 0.00% Added +6.1k +6,116
71 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 10,45710.5k $182.2k $182.2k 0.00% New
72 EVERMAY WEALTH MANAGEMENT LLC 0.02% of their portfolio ARLINGTON, VA 9,4729.5k $165.0k $165.0k 0.02% Unchanged
73 FMR LLC 0.00% of their portfolio BOSTON, MA 8,9969.0k $156.7k $156.7k 0.00% Added +9.0k +8,965
74 Cherry Tree Wealth Management, LLC 0.03% of their portfolio MINNETONKA, MN 8,6088.6k $150.0k $150.0k 0.03% Reduced -2.0k -2,020
75 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 7,0507.0k $122.8k $122.8k 0.00% Reduced -950 -950
76 Versant Capital Management, Inc 0.01% of their portfolio PHOENIX, AZ 5,3515.4k $93.2k $93.2k 0.01% Reduced -84 -84
77 Golden State Wealth Management, LLC 0.01% of their portfolio SANTA ANA, CA 5,2365.2k $91.2k $91.2k 0.01% Reduced -2.3k -2,311
78 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5,1335.1k $89.4k $89.4k 0.00% Added +21 +21
79 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 4,3764.4k $76.2k $76.2k 0.00% Added +529 +529
80 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 3,1803.2k $55.4k $55.4k 0.00% Reduced -400 -400
81 Guerra Advisors Inc 0.02% of their portfolio MIAMI, FL 2,6282.6k $45.8k $45.8k 0.02% New
82 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 2,5012.5k $43.6k $43.6k 0.00% Added +2.0k +1,957
83 VALLEY WEALTH MANAGERS, INC. 0.00% of their portfolio PARAMUS, NJ 2,4072.4k $41.9k $41.9k 0.00% Unchanged
84 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 2,3852.4k $41.5k $41.5k 0.00% Unchanged
85 Clean Yield Group 0.01% of their portfolio NORWICH, VT 2,2162.2k $38.6k $38.6k 0.01% Unchanged
86 Anchor Investment Management, LLC 0.00% of their portfolio COLUMBIA, SC 2,0002.0k $34.8k $34.8k 0.00% Unchanged
87 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 686686 $11.9k $11.9k 0.00% Unchanged
88 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 333333 $5.8k $5.8k 0.00% Unchanged
89 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 253253 $4.4k $4.4k 0.00% Unchanged
90 WPG Advisers, LLC 0.00% of their portfolio BALTIMORE, MD 3838 $662 $662 0.00% Unchanged
91 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 55 $88 $88 0.00% Unchanged
92 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 22 $35 $35 0.00% Unchanged