Vault-13

VANECK ETF TRUST SMB

VANECK SHRT MUNI · ETP · CUSIP 92189F528

103 institutional holders +3 vs Q4 2025
12,708,07712.7m shares reported held*
$219.9mreported value*
16 new 33 added 36 reduced 9 sold out net sold ≈ $2.4m (-141.5k 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 ($863.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.30.

Trends to Q1 2026

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: 100Q1 26: 103103Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026103

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q4 25: 54 bought or addedQ4 25: 32 cut or sold outQ1 26: 49 bought or addedQ1 26: 45 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242943
Q3 20242942
Q4 20244131
Q1 20254233
Q2 20254136
Q3 20254441
Q4 20255432
Q1 20264945

Biggest buyers

Allworth Financial LP Added +209,085+209.1k
NICOLET BANKSHARES INC New +208,000+208.0k
Janney Montgomery Scott LLC New +145,836+145.8k
MORGAN STANLEY Added +111,363+111.4k
RAYMOND JAMES FINANCIAL INC Added +102,181+102.2k
JPMORGAN CHASE & CO Added +86,227+86.2k
FIFTH THIRD BANCORP New +46,386+46.4k
UBS Group AG Added +39,852+39.9k
NewEdge Advisors, LLC New +38,236+38.2k
FLOW TRADERS U.S. LLC New +29,384+29.4k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -467,496-467.5k
Composition Wealth, LLC Reduced -239,778-239.8k
MY Wealth Management Inc. Sold out -212,012-212.0k
OSAIC HOLDINGS, INC. Reduced -126,377-126.4k
LPL Financial LLC Reduced -78,642-78.6k
MML INVESTORS SERVICES, LLC Reduced -35,391-35.4k
Shade Tree Advisors LLC Sold out -26,934-26.9k
PEOPLES BANK /OH Sold out -21,899-21.9k
Valeo Financial Advisors, LLC Reduced -20,328-20.3k
JANE STREET GROUP, LLC Reduced -19,929-19.9k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Allworth Financial LP 0.17% of their portfolio FOLSOM, CA 2,375,0102.4m $41.1m $41.1m 0.17% Added +209.1k +209,085
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,609,4511.6m $27.8m $27.8m 0.00% Reduced -467.5k -467,496
3 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,042,5981.0m $18.0m $18.0m 0.01% Added +102.2k +102,181
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 833,423833.4k $14.4m $14.4m 0.00% Added +111.4k +111,363
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 634,847634.8k $11.0m $11.0m 0.00% Added +86.2k +86,227
6 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 569,655569.7k $9.9m $9.9m 0.00% Added +15.7k +15,701
7 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 556,678556.7k $9.6m $9.6m 0.00% Reduced -78.6k -78,642
8 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 434,429434.4k $7.6m $7.6m 0.00% Added +16.9k +16,861
9 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 371,430371.4k $6.4m $6.4m 0.01% Added +24.6k +24,597
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 332,011332.0k $5.7m $5.7m 0.00% Added +39.9k +39,852
11 Savant Capital, LLC 0.03% of their portfolio ROCKFORD, IL 318,739318.7k $5.5m $5.5m 0.03% Reduced -5.5k -5,541
12 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 294,606294.6k $5.1m $5.1m 0.00% Reduced -6.7k -6,736
13 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 232,915232.9k $4.0m $4.0m 0.01% Reduced -5.2k -5,188
14 CONDOR CAPITAL MANAGEMENT 0.33% of their portfolio MARTINSVILLE, NJ 227,866227.9k $3.9m $3.9m 0.33% Added +6.0k +5,960
15 NICOLET BANKSHARES INC 0.13% of their portfolio GREEN BAY, WI 208,000208.0k $3.6m $3.6m 0.13% New
16 Willis Johnson & Associates, Inc. 0.21% of their portfolio Houston, TX 206,652206.7k $3.6m $3.6m 0.21% Reduced -4.2k -4,193
17 IMPACTfolio, LLC 1.27% of their portfolio DENVER, CO 172,924172.9k $3.0m $3.0m 1.27% Added +9.1k +9,134
18 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 145,836145.8k $2.5m $2.5m 0.01% New
19 Valeo Financial Advisors, LLC 0.06% of their portfolio CARMEL, IN 136,672136.7k $2.4m $2.4m 0.06% Reduced -20.3k -20,328
20 Gradient Investments LLC 0.04% of their portfolio ARDEN HILLS, MN 135,058135.1k $2.3m $2.3m 0.04% Added +2.5k +2,516
21 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 103,928103.9k $1.8m $1.8m 0.01% Reduced -13 -13
22 Prosperity Consulting Group, LLC 0.08% of their portfolio OWINGS MILLS, MD 103,159103.2k $1.8m $1.8m 0.08% Reduced -13.4k -13,442
23 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 88,48188.5k $1.5m $1.5m 0.00% Reduced -35.4k -35,391
24 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 84,50084.5k $1.5m $1.5m 0.01% Reduced -2.5k -2,499
25 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 78,52378.5k $1.4m $1.4m 0.00% Added +24.2k +24,170
26 Westside Investment Management, Inc. 0.20% of their portfolio SANTA MONICA, CA 73,84373.8k $1.3m $1.3m 0.20% Added +5.3k +5,319
27 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 66,40866.4k $1.1m $1.1m 0.00% Added +2.9k +2,853
28 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.01% of their portfolio CINCINNATI, OH 54,86354.9k $948.4k $948.4k 0.01% Reduced -500 -500
29 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 51,92051.9k $898.2k $898.2k 0.00% Added +1.1k +1,130
30 FAS Wealth Partners, Inc. 0.05% of their portfolio LEAWOOD, KS 47,37647.4k $819.6k $819.6k 0.05% Reduced -498 -498
31 Ameritas Investment Partners, Inc. 0.02% of their portfolio LINCOLN, NE 46,80946.8k $809.8k $809.8k 0.02% Added +3.2k +3,203
32 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 46,38646.4k $802.5k $802.5k 0.00% New
33 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 44,47744.5k $769.5k $769.5k 0.02% Reduced -78 -78
34 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 44,07944.1k $762.6k $762.6k 0.01% Added +26.0k +26,040
35 Ascent Group, LLC 0.03% of their portfolio VIRGINIA BEACH, VA 42,99043.0k $743.7k $743.7k 0.03% Reduced -2.5k -2,548
36 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 41,34141.3k $715.2k $715.2k 0.00% Reduced -4.3k -4,320
37 Composition Wealth, LLC 0.01% of their portfolio LOS ANGELES, CA 38,55138.6k $666.9k $666.9k 0.01% Reduced -239.8k -239,778
38 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 38,23638.2k $661.5k $661.5k 0.00% New
39 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 36,82836.8k $637.1k $637.1k 0.00% Added +106 +106
40 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 36,65836.7k $634.2k $634.2k 0.00% Reduced -126.4k -126,377
41 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 36,34636.3k $628.8k $628.8k 0.02% Added +7.0k +6,951
42 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 35,56635.6k $615.3k $615.3k 0.01% Added +643 +643
43 PRIVATE TRUST CO NA 0.05% of their portfolio CLEVELAND, OH 32,06032.1k $554.6k $554.6k 0.05% Reduced -9.3k -9,320
44 Stronghold Wealth Management L.L.C. 0.79% of their portfolio TAMPA, FL 30,23930.2k $523.1k $523.1k 0.79% Added +263 +263
45 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 29,38429.4k $508.0k $508.0k 0.02% New
46 Mariner, LLC 0.00% of their portfolio Overland Park, KS 29,37129.4k $508.1k $508.1k 0.00% New
47 ORBA Wealth Advisors, L.L.C. 0.59% of their portfolio CHICAGO, IL 28,75228.8k $497.4k $497.4k 0.59% Added +14.4k +14,368
48 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 26,47926.5k $458.1k $458.1k 0.00% Reduced -1.3k -1,252
49 Diversified Portfolios, Inc. 0.04% of their portfolio Bloomfield Hills, MI 25,47625.5k $440.7k $440.7k 0.04% Reduced -2.5k -2,480
50 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 23,50823.5k $406.7k $406.7k 0.00% Reduced -19.9k -19,929
51 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 22,01022.0k $380.8k $380.8k 0.00% Added +73 +73
52 LIBERTY SQUARE WEALTH PARTNERS LLC 0.11% of their portfolio BETHLEHEM, PA 21,76221.8k $376.5k $376.5k 0.11% Reduced -193 -193
53 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 21,07321.1k $364.6k $364.6k 0.01% New
54 JUNCTURE WEALTH STRATEGIES, LLC 0.12% of their portfolio SCOTTSDALE, AZ 20,46320.5k $354.0k $354.0k 0.12% Reduced -32 -32
55 Capital Asset Advisory Services LLC 0.01% of their portfolio Williamston, MI 19,40019.4k $335.9k $335.9k 0.01% Unchanged
56 One Capital Management, LLC 0.01% of their portfolio WESTLAKE VILLAGE, CA 18,46318.5k $319.4k $319.4k 0.01% Reduced -807 -807
57 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 17,00217.0k $294.0k $294.0k 0.00% Added +6.2k +6,177
58 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 16,07116.1k $278.0k $278.0k 0.00% Reduced -2.9k -2,879
59 WealthShield Partners, LLC 0.03% of their portfolio CARY, NC 15,81315.8k $273.5k $273.5k 0.03% Unchanged
60 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 15,55115.6k $269.0k $269.0k 0.00% Added +1.7k +1,700
61 Detalus Advisors, LLC 0.06% of their portfolio ST. LOUIS, MO 14,23414.2k $246.2k $246.2k 0.06% Reduced -5.0k -5,004
62 PRIVATE CLIENT SERVICES, LLC 0.07% of their portfolio LOUISVILLE, KY 14,13214.1k $244.5k $244.5k 0.07% New
63 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 14,00914.0k $242.1k $242.1k 0.00% Reduced -6.3k -6,268
64 BOSTON FAMILY OFFICE LLC 0.02% of their portfolio BOSTON, MA 13,89613.9k $240.0k $240.0k 0.02% Unchanged
65 Strategic Financial Concepts, LLC 0.06% of their portfolio SAN ANTONIO, TX 13,84313.8k $239.5k $239.5k 0.06% Added +256 +256
66 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 13,43013.4k $233.0k $233.0k 0.00% Reduced -649 -649
67 KAVAR CAPITAL PARTNERS GROUP, LLC 0.03% of their portfolio LEAWOOD, KS 12,50012.5k $216.2k $216.2k 0.03% New
68 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 12,45512.5k $215.5k $215.5k 0.01% Added +50 +50
69 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 12,05612.1k $208.6k $208.6k 0.00% Added +1.1k +1,062
70 VICUS CAPITAL 0.02% of their portfolio STATE COLLEGE, PA 11,88511.9k $205.6k $205.6k 0.02% Reduced -168 -168
71 M Holdings Securities, Inc. 0.01% of their portfolio PORTLAND, OR 11,85411.9k $205.0k $205.0k 0.01% Reduced -11.1k -11,119
72 Trilogy Capital Inc. 0.01% of their portfolio IRVINE, CA 11,60011.6k $200.7k $200.7k 0.01% Unchanged
73 Berger Financial Group, Inc 0.01% of their portfolio PLYMOUTH, MN 11,04811.0k $191.1k $191.1k 0.01% Unchanged
74 CWM, LLC 0.00% of their portfolio OMAHA, NE 10,58110.6k $183.1k $183.1k 0.00% Added +27 +27
75 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 10,46910.5k $181.1k $181.1k 0.00% Added +4 +4
76 LaSalle St. Investment Advisors, LLC 0.03% of their portfolio ELMHURST, IL 10,31910.3k $178.5k $178.5k 0.03% New
77 EVERMAY WEALTH MANAGEMENT LLC 0.02% of their portfolio ARLINGTON, VA 9,4729.5k $163.9k $163.9k 0.02% Unchanged
78 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 7,4057.4k $128.1k $128.1k 0.00% Reduced -1.2k -1,179
79 Cherry Tree Wealth Management, LLC 0.03% of their portfolio MINNETONKA, MN 7,1567.2k $123.8k $123.8k 0.03% Reduced -1.5k -1,452
80 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 7,0007.0k $121.1k $121.1k 0.00% Unchanged
81 FMR LLC 0.00% of their portfolio BOSTON, MA 6,8886.9k $119.2k $119.2k 0.00% Added +254 +254
82 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,7204.7k $81.5k $81.5k 0.00% New
83 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 3,1923.2k $55.2k $55.2k 0.00% Added +741 +741
84 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 2,8802.9k $49.8k $49.8k 0.00% Unchanged
85 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 2,5462.5k $44.0k $44.0k 0.00% Reduced -17.4k -17,431
86 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 2,4112.4k $41.7k $41.7k 0.00% Unchanged
87 VALLEY WEALTH MANAGERS, INC. 0.00% of their portfolio PARAMUS, NJ 2,4072.4k $41.6k $41.6k 0.00% Unchanged
88 Clean Yield Group 0.01% of their portfolio NORWICH, VT 2,2162.2k $38.3k $38.3k 0.01% Unchanged
89 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,0032.0k $34.7k $34.7k 0.00% Reduced -3.2k -3,158
90 Anchor Investment Management, LLC 0.00% of their portfolio COLUMBIA, SC 2,0002.0k $34.6k $34.6k 0.00% Unchanged
91 TUCKER ASSET MANAGEMENT LLC 0.01% of their portfolio LITTLETON, CO 1,1811.2k $20.4k $20.4k 0.01% New
92 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 686686 $11.9k $11.9k 0.00% Unchanged
93 Ritter Daniher Financial Advisory LLC / DE 0.00% of their portfolio CINCINNATI, OH 648648 $11.2k $11.2k 0.00% Added +3 +3
94 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 609609 $10.5k $10.5k 0.00% New
95 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 333333 $5.8k $5.8k 0.00% Unchanged
96 MassMutual Private Wealth & Trust, FSB 0.00% of their portfolio Windsor, CT 323323 $5.6k $5.6k 0.00% Reduced -10.9k -10,853
97 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 253253 $4.4k $4.4k 0.00% Unchanged
98 MBM WEALTH CONSULTANTS, LLC 0.00% of their portfolio CHESTERFIELD, MO 252252 $4.4k $4.4k 0.00% New
99 Rossby Financial, LCC 0.00% of their portfolio MELBOURNE, FL 4646 $794 $794 0.00% New
100 Silver Grove Financial Group, Inc. 0.00% of their portfolio ORCHARD PARK, NY 4343 $744 $744 0.00% New