Vault-13

VANECK ETF TRUST SMB

VANECK SHRT MUNI · ETP · CUSIP 92189F528

100 institutional holders +8 vs Q3 2025
13,262,93713.3m shares reported held*
$230.9mreported value*
14 new 40 added 26 reduced 6 sold out net bought ≈ $2.6m (+152.2k 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 ($933.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.41.

Trends to Q4 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: 92Q4 25: 100100Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025100

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 38 bought or addedQ1 24: 40 cut or sold outQ2 24: 29 bought or addedQ2 24: 43 cut or sold outQ2 24Q3 24: 29 bought or addedQ3 24: 42 cut or sold outQ4 24: 41 bought or addedQ4 24: 31 cut or sold outQ4 24Q1 25: 42 bought or addedQ1 25: 33 cut or sold outQ2 25: 41 bought or addedQ2 25: 36 cut or sold outQ2 25Q3 25: 44 bought or addedQ3 25: 41 cut or sold outQ4 25: 54 bought or addedQ4 25: 32 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243840
Q2 20242943
Q3 20242942
Q4 20244131
Q1 20254233
Q2 20254136
Q3 20254441
Q4 20255432

Biggest buyers

MORGAN STANLEY Added +240,744+240.7k
Valeo Financial Advisors, LLC New +157,000+157.0k
Allworth Financial LP Added +152,768+152.8k
BANK OF AMERICA CORP /DE/ Added +116,502+116.5k
SEI INVESTMENTS CO Added +50,273+50.3k
Beacon Pointe Advisors, LLC New +45,661+45.7k
LPL Financial LLC Added +40,789+40.8k
RAYMOND JAMES FINANCIAL INC Added +38,401+38.4k
J.W. COLE ADVISORS, INC. New +29,395+29.4k
JANE STREET GROUP, LLC Added +28,407+28.4k

Biggest sellers

JPMORGAN CHASE & CO Reduced -516,848-516.8k
Sanctuary Advisors, LLC Reduced -107,155-107.2k
M Holdings Securities, Inc. Reduced -85,572-85.6k
LWM Advisory Services, LLC Sold out -52,187-52.2k
MY Wealth Management Inc. Reduced -40,901-40.9k
Integrated Wealth Concepts LLC Reduced -31,657-31.7k
Composition Wealth, LLC Reduced -20,790-20.8k
UBS Group AG Reduced -20,677-20.7k
Prime Capital Investment Advisors, LLC Reduced -18,603-18.6k
Equitable Holdings, Inc. Sold out -15,285-15.3k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Allworth Financial LP 0.15% of their portfolio FOLSOM, CA 2,165,9252.2m $37.7m $37.7m 0.15% Added +152.8k +152,768
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,076,9472.1m $36.2m $36.2m 0.00% Added +116.5k +116,502
3 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 940,417940.4k $16.4m $16.4m 0.01% Added +38.4k +38,401
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 722,060722.1k $12.6m $12.6m 0.00% Added +240.7k +240,744
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 635,320635.3k $11.1m $11.1m 0.00% Added +40.8k +40,789
6 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 553,954554.0k $9.6m $9.6m 0.00% Added +2.0k +1,951
7 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 548,620548.6k $9.6m $9.6m 0.00% Reduced -516.8k -516,848
8 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 417,568417.6k $7.3m $7.3m 0.00% Added +14.8k +14,760
9 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 346,833346.8k $6.0m $6.0m 0.01% Added +783 +783
10 Savant Capital, LLC 0.03% of their portfolio ROCKFORD, IL 324,280324.3k $5.6m $5.6m 0.03% Reduced -4.0k -4,011
11 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 301,342301.3k $5.2m $5.2m 0.01% Added +50.3k +50,273
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 292,159292.2k $5.1m $5.1m 0.00% Reduced -20.7k -20,677
13 Composition Wealth, LLC 0.07% of their portfolio LOS ANGELES, CA 278,329278.3k $4.8m $4.8m 0.07% Reduced -20.8k -20,790
14 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 238,103238.1k $4.1m $4.1m 0.01% Added +10.5k +10,468
15 CONDOR CAPITAL MANAGEMENT 0.31% of their portfolio MARTINSVILLE, NJ 221,906221.9k $3.9m $3.9m 0.31% Added +2.6k +2,648
16 MY Wealth Management Inc. 3.22% of their portfolio GERMANTOWN, MD 212,012212.0k $3.7m $3.7m 3.22% Reduced -40.9k -40,901
17 Willis Johnson & Associates, Inc. 0.23% of their portfolio Houston, TX 210,845210.8k $3.7m $3.7m 0.23% Reduced -580 -580
18 MIdWestOne Financial Group, Inc. 0.40% of their portfolio Iowa City, IA 206,858206.9k $3.6m $3.6m 0.40% Reduced -7.4k -7,360
19 IMPACTfolio, LLC 1.20% of their portfolio DENVER, CO 163,790163.8k $2.9m $2.9m 1.20% Added +3.9k +3,937
20 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 163,035163.0k $2.8m $2.8m 0.00% Reduced -4.2k -4,227
21 Valeo Financial Advisors, LLC 0.06% of their portfolio CARMEL, IN 157,000157.0k $2.7m $2.7m 0.06% New
22 Janney Capital Management LLC 0.16% of their portfolio PITTSBURGH, PA 144,165144.2k $2.5m $2.5m 0.16% Added +273 +273
23 Gradient Investments LLC 0.04% of their portfolio ARDEN HILLS, MN 132,542132.5k $2.3m $2.3m 0.04% Added +1.1k +1,140
24 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 123,872123.9k $2.2m $2.2m 0.01% Added +9.5k +9,547
25 Prosperity Consulting Group, LLC 0.09% of their portfolio OWINGS MILLS, MD 116,601116.6k $2.0m $2.0m 0.09% Reduced -14.8k -14,789
26 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 103,941103.9k $1.8m $1.8m 0.01% Reduced -107.2k -107,155
27 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 86,99987.0k $1.5m $1.5m 0.01% Reduced -249 -249
28 Westside Investment Management, Inc. 0.19% of their portfolio SANTA MONICA, CA 68,52468.5k $1.2m $1.2m 0.19% Added +609 +609
29 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 63,55563.6k $1.1m $1.1m 0.00% Added +15.0k +15,038
30 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.01% of their portfolio CINCINNATI, OH 55,36355.4k $963.9k $963.9k 0.01% Added +9.3k +9,275
31 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 54,35354.4k $946.3k $946.3k 0.00% Added +12.9k +12,874
32 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 50,79050.8k $884.3k $884.3k 0.00% Added +2.9k +2,940
33 FAS Wealth Partners, Inc. 0.05% of their portfolio LEAWOOD, KS 47,87447.9k $833.5k $833.5k 0.05% Added +5.3k +5,313
34 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 45,66145.7k $795.0k $795.0k 0.01% New
35 Ascent Group, LLC 0.03% of their portfolio VIRGINIA BEACH, VA 45,53845.5k $792.8k $792.8k 0.03% Added +4.0k +4,028
36 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 44,55544.6k $775.7k $775.7k 0.02% Added +2.0k +2,000
37 COMERICA BANK 0.00% of their portfolio DALLAS, TX 44,34744.3k $772.1k $772.1k 0.00% Added +7.8k +7,803
38 Ameritas Investment Partners, Inc. 0.02% of their portfolio LINCOLN, NE 43,60643.6k $759.2k $759.2k 0.02% Added +1.3k +1,346
39 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 43,43743.4k $756.2k $756.2k 0.00% Added +28.4k +28,407
40 PRIVATE TRUST CO NA 0.06% of their portfolio CLEVELAND, OH 41,38041.4k $720.4k $720.4k 0.06% Unchanged
41 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 36,72236.7k $639.3k $639.3k 0.01% Added +292 +292
42 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 34,92334.9k $608.0k $608.0k 0.01% Added +423 +423
43 Stronghold Wealth Management L.L.C. 0.77% of their portfolio TAMPA, FL 29,97630.0k $521.9k $521.9k 0.77% First filing
44 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 29,39529.4k $511.8k $511.8k 0.01% New
45 Diversified Portfolios, Inc. 0.04% of their portfolio Bloomfield Hills, MI 27,95628.0k $486.7k $486.7k 0.04% Unchanged
46 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 27,73127.7k $482.8k $482.8k 0.00% New
47 Shade Tree Advisors LLC 0.36% of their portfolio Saratoga Springs, NY 26,93426.9k $468.9k $468.9k 0.36% New
48 M Holdings Securities, Inc. 0.03% of their portfolio PORTLAND, OR 22,97323.0k $400.0k $400.0k 0.03% Reduced -85.6k -85,572
49 LIBERTY SQUARE WEALTH PARTNERS LLC 0.11% of their portfolio BETHLEHEM, PA 21,95522.0k $382.2k $382.2k 0.11% Reduced -11.1k -11,074
50 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 21,93721.9k $381.9k $381.9k 0.00% Added +151 +151
51 PEOPLES BANK /OH 0.24% of their portfolio MARIETTA, OH 21,89921.9k $381.3k $381.3k 0.24% Unchanged
52 Global Retirement Partners, LLC 0.01% of their portfolio San Rafael, CA 21,68421.7k $377.5k $377.5k 0.01% Added +19.3k +19,299
53 JUNCTURE WEALTH STRATEGIES, LLC 0.12% of their portfolio SCOTTSDALE, AZ 20,49520.5k $356.8k $356.8k 0.12% Reduced -10.9k -10,896
54 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 20,27720.3k $352.2k $352.2k 0.00% Reduced -4.8k -4,805
55 EverSource Wealth Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 19,97720.0k $347.8k $347.8k 0.01% Added +2.4k +2,395
56 Capital Asset Advisory Services LLC 0.01% of their portfolio Williamston, MI 19,40019.4k $337.0k $337.0k 0.01% Added +1.9k +1,900
57 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 19,40019.4k $337.8k $337.8k 0.01% Added +1.9k +1,900
58 One Capital Management, LLC 0.01% of their portfolio WESTLAKE VILLAGE, CA 19,27019.3k $335.5k $335.5k 0.01% Unchanged
59 Detalus Advisors, LLC 0.08% of their portfolio ST. LOUIS, MO 19,23819.2k $334.9k $334.9k 0.08% Reduced -1.6k -1,566
60 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 18,95018.9k $329.9k $329.9k 0.00% Added +6.1k +6,065
61 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 18,03918.0k $314.1k $314.1k 0.00% Reduced -31.7k -31,657
62 WealthShield Partners, LLC 0.03% of their portfolio CARY, NC 15,81315.8k $275.3k $275.3k 0.03% Unchanged
63 ORBA Wealth Advisors, L.L.C. 0.22% of their portfolio CHICAGO, IL 14,38414.4k $250.4k $250.4k 0.22% New
64 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 14,07914.1k $245.0k $245.0k 0.00% Added +361 +361
65 BOSTON FAMILY OFFICE LLC 0.02% of their portfolio BOSTON, MA 13,89613.9k $242.0k $242.0k 0.02% Unchanged
66 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 13,85113.9k $241.1k $241.1k 0.00% Added +289 +289
67 Strategic Financial Concepts, LLC 0.22% of their portfolio SAN ANTONIO, TX 13,58713.6k $236.6k $236.6k 0.22% New
68 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 12,40512.4k $216.0k $216.0k 0.01% Reduced -664 -664
69 VICUS CAPITAL 0.02% of their portfolio STATE COLLEGE, PA 12,05312.1k $209.8k $209.8k 0.02% New
70 Trilogy Capital Inc. 0.01% of their portfolio IRVINE, CA 11,60011.6k $202.0k $202.0k 0.01% Unchanged
71 MassMutual Private Wealth & Trust, FSB 0.01% of their portfolio Windsor, CT 11,17611.2k $194.6k $194.6k 0.01% Reduced -2.8k -2,789
72 Prime Capital Investment Advisors, LLC 0.00% of their portfolio OVERLAND PARK, KS 11,05511.1k $192.5k $192.5k 0.00% Reduced -18.6k -18,603
73 Berger Financial Group, Inc 0.01% of their portfolio PLYMOUTH, MN 11,04811.0k $192.3k $192.3k 0.01% Unchanged
74 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 10,99411.0k $191.4k $191.4k 0.00% New
75 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 10,82510.8k $188.0k $188.0k 0.00% New
76 CWM, LLC 0.00% of their portfolio OMAHA, NE 10,55410.6k $184.0k $184.0k 0.00% Added +54 +54
77 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 10,46510.5k $182.2k $182.2k 0.00% Added +8 +8
78 EVERMAY WEALTH MANAGEMENT LLC 0.02% of their portfolio ARLINGTON, VA 9,4729.5k $164.9k $164.9k 0.02% Unchanged
79 Cherry Tree Wealth Management, LLC 0.03% of their portfolio MINNETONKA, MN 8,6088.6k $149.9k $149.9k 0.03% Unchanged
80 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 8,5848.6k $149.4k $149.4k 0.00% New
81 Golden State Wealth Management, LLC 0.02% of their portfolio SANTA ANA, CA 8,4148.4k $146.5k $146.5k 0.02% Added +3.2k +3,178
82 FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio BOSTON, MA 7,1347.1k $124.2k $124.2k 0.01% Reduced -5.0k -4,999
83 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 7,0007.0k $121.9k $121.9k 0.00% Reduced -50 -50
84 FMR LLC 0.00% of their portfolio BOSTON, MA 6,6346.6k $115.5k $115.5k 0.00% Reduced -2.4k -2,362
85 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 5,4525.5k $94.9k $94.9k 0.00% New
86 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5,1615.2k $89.8k $89.8k 0.00% Added +28 +28
87 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 2,8802.9k $50.1k $50.1k 0.00% Reduced -300 -300
88 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 2,4512.5k $42.7k $42.7k 0.00% Reduced -50 -50
89 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 2,4502.5k $42.7k $42.7k 0.00% New
90 Versant Capital Management, Inc 0.01% of their portfolio PHOENIX, AZ 2,4112.4k $42.0k $42.0k 0.01% Reduced -2.9k -2,940
91 VALLEY WEALTH MANAGERS, INC. 0.00% of their portfolio PARAMUS, NJ 2,4072.4k $41.9k $41.9k 0.00% Unchanged
92 Clean Yield Group 0.01% of their portfolio NORWICH, VT 2,2162.2k $38.6k $38.6k 0.01% Unchanged
93 Anchor Investment Management, LLC 0.00% of their portfolio COLUMBIA, SC 2,0002.0k $34.8k $34.8k 0.00% Unchanged
94 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 686686 $11.9k $11.9k 0.00% Unchanged
95 Ritter Daniher Financial Advisory LLC / DE 0.00% of their portfolio CINCINNATI, OH 645645 $11.2k $11.2k 0.00% New
96 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 333333 $5.8k $5.8k 0.00% Unchanged
97 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 253253 $4.4k $4.4k 0.00% Unchanged
98 WPG Advisers, LLC 0.00% of their portfolio BALTIMORE, MD 3838 $662 $662 0.00% Unchanged
99 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 55 $88 $88 0.00% Unchanged
100 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 22 $35 $35 0.00% Unchanged