Vault-13

VANECK ETF TRUST MOAT

MRNGSTR WDE MOAT · ETP · CUSIP 92189F643

679 institutional holders -14 vs Q2 2025
75,890,00875.9m shares reported held*
$7.5bnreported value*
29 new 159 added 347 reduced 38 sold out net sold ≈ $442.2m (-4.6m 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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $99.20. Options: 2 managers hold calls ($852.3k notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 352Q4 22: 374Q1 23: 381Q2 23: 460Q3 23: 522Q4 23: 617Q1 24: 633Q2 24: 661Q3 24: 673Q4 24: 715Q1 25: 707Q2 25: 693Q3 25: 679679Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022352
Q4 2022374
Q1 2023381
Q2 2023460
Q3 2023522
Q4 2023617
Q1 2024633
Q2 2024661
Q3 2024673
Q4 2024715
Q1 2025707
Q2 2025693
Q3 2025679

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 23: 386 bought or addedQ4 23: 162 cut or sold outQ1 24: 379 bought or addedQ1 24: 210 cut or sold outQ1 24Q2 24: 335 bought or addedQ2 24: 254 cut or sold outQ3 24: 328 bought or addedQ3 24: 266 cut or sold outQ3 24Q4 24: 337 bought or addedQ4 24: 265 cut or sold outQ1 25: 271 bought or addedQ1 25: 362 cut or sold outQ1 25Q2 25: 211 bought or addedQ2 25: 415 cut or sold outQ3 25: 188 bought or addedQ3 25: 385 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023386162
Q1 2024379210
Q2 2024335254
Q3 2024328266
Q4 2024337265
Q1 2025271362
Q2 2025211415
Q3 2025188385

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ4 24 calls: $2.6mQ4 24 puts: $667.6kQ4 24P/C 0.26Q1 25 calls: $3.3mQ1 25 puts: $827.2kQ1 25P/C 0.25Q2 25 calls: $2.0mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $852.3kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$2.6m$667.6k0.26
Q1 2025$3.3m$827.2k0.25
Q2 2025$2.0m$00.00
Q3 2025$852.3k$00.00

Biggest buyers

MERCER GLOBAL ADVISORS INC /ADV Added +750,236+750.2k
Cetera Investment Advisers Added +611,271+611.3k
Sanctuary Advisors, LLC Added +249,410+249.4k
OSAIC HOLDINGS, INC. Added +134,748+134.7k
JONES FINANCIAL COMPANIES LLLP Added +108,068+108.1k
NewEdge Advisors, LLC Added +107,159+107.2k
JPMORGAN CHASE & CO Added +99,293+99.3k
Boulay Financial Advisors, LLC Added +41,023+41.0k
Apriem Advisors Added +32,828+32.8k
Buttonwood Financial Advisors Inc. Added +31,314+31.3k

Biggest sellers

ROYAL BANK OF CANADA Reduced -780,657-780.7k
RAYMOND JAMES FINANCIAL INC Reduced -622,238-622.2k
BANK OF AMERICA CORP /DE/ Reduced -504,255-504.3k
Employees' Retirement Fund of the City of Fort Worth Reduced -424,126-424.1k
UBS Group AG Reduced -407,760-407.8k
Signal Advisors Wealth, LLC Sold out -250,011-250.0k
Whitaker-Myers Wealth Managers, LTD. Reduced -247,136-247.1k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -246,468-246.5k
CWM, LLC Reduced -200,614-200.6k
Thrivent Financial for Lutherans Reduced -173,293-173.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $465.8k4.7k shares
CITADEL ADVISORS LLC Reduced $386.5k3.9k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 6,615,5686.6m $655.7m $655.7m 0.04% Reduced -167.9k -167,928
2 LPL Financial LLC 0.19% of their portfolio FORT MILL, SC 6,402,6856.4m $634.6m $634.6m 0.19% Reduced -158.1k -158,114
3 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 6,283,5726.3m $622.8m $622.8m 0.05% Reduced -504.3k -504,255
4 RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio ST. PETERSBURG, FL 3,215,1013.2m $318.6m $318.6m 0.10% Reduced -622.2k -622,238
5 Mesirow Financial Investment Management, Inc. 4.66% of their portfolio CHICAGO, IL 2,627,3172.6m $260.4m $260.4m 4.66% Reduced -41.2k -41,250
6 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 2,322,0642.3m $230.1m $230.1m 0.05% Reduced -84.6k -84,581
7 Boulay Financial Advisors, LLC 29.48% of their portfolio EDEN PRAIRIE, MN 2,119,3742.1m $210.1m $210.1m 29.48% Added +41.0k +41,023
8 COMMONWEALTH EQUITY SERVICES, LLC 0.20% of their portfolio WALTHAM, MA 1,552,7511.6m $153.9m $153.9m 0.20% Reduced -246.5k -246,468
9 Cetera Investment Advisers 0.14% of their portfolio SCHAUMBURG, IL 1,223,4481.2m $121.3m $121.3m 0.14% Added +611.3k +611,271
10 JONES FINANCIAL COMPANIES LLLP 0.07% of their portfolio DES PERES, MO 1,101,2521.1m $108.3m $108.3m 0.07% Added +108.1k +108,068
11 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,069,9371.1m $106.1m $106.1m 0.02% Reduced -55.8k -55,805
12 UBS Group AG 0.02% of their portfolio ZURICH, V8 975,164975.2k $96.6m $96.6m 0.02% Reduced -407.8k -407,760
13 Provenance Wealth Advisors, LLC 11.69% of their portfolio FORT LAUDERDALE, FL 912,877912.9k $90.5m $90.5m 11.69% Reduced -5.8k -5,819
14 SOUTHERN FARM BUREAU LIFE INSURANCE 9.88% of their portfolio JACKSON, MS 845,027845.0k $83.8m $83.8m 9.88% Unchanged
15 FIRST FOUNDATION ADVISORS 2.93% of their portfolio Irvine, CA 799,817799.8k $79.3m $79.3m 2.93% Reduced -76.5k -76,475
16 MERCER GLOBAL ADVISORS INC /ADV 0.13% of their portfolio DENVER, CO 794,616794.6k $78.7m $78.7m 0.13% Added +750.2k +750,236
17 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 749,491749.5k $74.3m $74.3m 0.01% Reduced -780.7k -780,657
18 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 741,903741.9k $73.1m $73.1m 0.10% Added +134.7k +134,748
19 Cambridge Investment Research Advisors, Inc. 0.19% of their portfolio FAIRFIELD, IA 706,544706.5k $70.0m $70.0m 0.19% Reduced -30.6k -30,579
20 CWM, LLC 0.20% of their portfolio OMAHA, NE 682,275682.3k $67.6m $67.6m 0.20% Reduced -200.6k -200,614
21 SFMG, LLC 4.34% of their portfolio PLANO, TX 631,116631.1k $62.5m $62.5m 4.34% Added +14.9k +14,932
22 Verde Capital Management 13.35% of their portfolio CLARKSTON, MI 607,869607.9k $60.2m $60.2m 13.35% Added +20.0k +20,004
23 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 603,876603.9k $59.9m $59.9m 0.07% Reduced -863 -863
24 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 590,932590.9k $58.6m $58.6m 0.02% Reduced -125.0k -125,019
25 Apexium Financial, LP 2.83% of their portfolio Dallas, TX 588,005588.0k $58.3m $58.3m 2.83% Added +2.9k +2,904
26 Kelman-Lazarov, Inc. 8.10% of their portfolio MEMPHIS, TN 551,165551.2k $54.6m $54.6m 8.10% Added +3.6k +3,636
27 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 515,424515.4k $51.1m $51.1m 0.03% Reduced -30.3k -30,339
28 OneDigital Investment Advisors LLC 0.52% of their portfolio OVERLAND PARK, KS 510,535510.5k $50.6m $50.6m 0.52% Reduced -41.2k -41,180
29 Apriem Advisors 4.63% of their portfolio IRVINE, CA 493,823493.8k $48.9m $48.9m 4.63% Added +32.8k +32,828
30 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 491,277491.3k $48.7m $48.7m 0.04% Added +2.7k +2,733
31 Leelyn Smith, LLC 7.30% of their portfolio GENEVA, IL 488,739488.7k $48.4m $48.4m 7.30% Added +5.2k +5,236
32 FINANCIAL MANAGEMENT NETWORK INC 8.09% of their portfolio MISSION VIEJO, CA 485,935485.9k $49.1m $49.1m 8.09% Reduced -14.1k -14,065
33 CEERA INVESTMENTS, LLC 14.47% of their portfolio BELLAIRE, TX 468,045468.0k $46.4m $46.4m 14.47% Reduced -43.9k -43,931
34 REGATTA CAPITAL GROUP, LLC 7.22% of their portfolio EL SEGUNDO, CA 461,189461.2k $45.7m $45.7m 7.22% Added +2.5k +2,490
35 Harbor Group, Inc. 7.06% of their portfolio BEDFORD, NH 447,960448.0k $44.4m $44.4m 7.06% Added +11.5k +11,467
36 CAHILL FINANCIAL ADVISORS INC 5.03% of their portfolio EDINA, MN 445,550445.6k $44.2m $44.2m 5.03% Reduced -3.2k -3,249
37 Whitaker-Myers Wealth Managers, LTD. 8.89% of their portfolio Mansfield, OH 411,410411.4k $40.8m $40.8m 8.89% Reduced -247.1k -247,136
38 Sanctuary Advisors, LLC 0.11% of their portfolio INDIANAPOLIS, IN 399,715399.7k $36.8m $36.8m 0.11% Added +249.4k +249,410
39 Private Advisor Group, LLC 0.19% of their portfolio MORRISTOWN, NJ 397,793397.8k $39.4m $39.4m 0.19% Reduced -14.4k -14,411
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 392,918392.9k $39.3m $39.3m 0.06% Reduced -5.3k -5,315
41 G2 CAPITAL MANAGEMENT, LLC / OH 9.69% of their portfolio COLUMBUS, OH 387,462387.5k $38.4m $38.4m 9.69% Added +12.1k +12,130
42 JNBA Financial Advisors 3.45% of their portfolio BLOOMINGTON, MN 382,790382.8k $37.9m $37.9m 3.45% Reduced -8.8k -8,815
43 Summit Asset Management, LLC 5.75% of their portfolio MEMPHIS, TN 377,314377.3k $37.4m $37.4m 5.75% Added +2.3k +2,280
44 STEPHENS INC /AR/ 0.47% of their portfolio LITTLE ROCK, AR 373,699373.7k $37.0m $37.0m 0.47% Reduced -18.1k -18,132
45 Cerity Partners LLC 0.05% of their portfolio NEW YORK, NY 336,774336.8k $33.4m $33.4m 0.05% Added +1.3k +1,329
46 Ancora Advisors LLC 0.62% of their portfolio Cleveland, OH 312,216312.2k $30.9m $30.9m 0.62% Reduced -6.1k -6,075
47 Brookstone Capital Management 0.36% of their portfolio WHEATON, IL 306,215306.2k $30.3m $30.3m 0.36% Reduced -22.3k -22,262
48 Planned Solutions, Inc. 10.27% of their portfolio FOLSOM, CA 298,684298.7k $29.6m $29.6m 10.27% Reduced -5.2k -5,203
49 Buttonwood Financial Advisors Inc. 10.19% of their portfolio BALTIMORE, MD 298,563298.6k $29.6m $29.6m 10.19% Added +31.3k +31,314
50 Richmond Investment Services, LLC 5.50% of their portfolio Mequon, WI 298,125298.1k $29.5m $29.5m 5.50% Reduced -14.8k -14,774
51 Geneos Wealth Management Inc. 0.74% of their portfolio ENGLEWOOD, CO 295,181295.2k $29.3m $29.3m 0.74% Reduced -21.4k -21,357
52 LEVEL FOUR ADVISORY SERVICES, LLC 1.00% of their portfolio DALLAS, TX 295,147295.1k $29.3m $29.3m 1.00% Reduced -62.8k -62,828
53 ASSETMARK, INC 0.06% of their portfolio CONCORD, CA 282,684282.7k $28.0m $28.0m 0.06% Reduced -8.5k -8,500
54 Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio SEOUL, M5 280,000280.0k $27.8m $27.8m 0.09% Reduced -104.0k -104,000
55 Virtus Wealth Solutions LLC 5.00% of their portfolio CRANFORD, NJ 262,300262.3k $26.0m $26.0m 5.00% Reduced -5.6k -5,576
56 NewEdge Advisors, LLC 0.12% of their portfolio NEW ORLEANS, LA 258,173258.2k $25.6m $25.6m 0.12% Added +107.2k +107,159
57 Concurrent Investment Advisors, LLC 0.43% of their portfolio Tampa, FL 250,886250.9k $24.9m $24.9m 0.43% Added +3.1k +3,129
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 244,354244.4k $24.2m $24.2m 0.00% Added +99.3k +99,293
59 Employees' Retirement Fund of the City of Fort Worth 5.78% of their portfolio FORT WORTH, TX 237,748237.7k $23.6m $23.6m 5.78% Reduced -424.1k -424,126
60 Activest Wealth Management 4.61% of their portfolio AVENTURA, FL 229,459229.5k $22.7m $22.7m 4.61% Reduced -663 -663
61 Dynamic Advisor Solutions LLC 0.65% of their portfolio PHOENIX, AZ 227,415227.4k $22.5m $22.5m 0.65% Reduced -196 -196
62 Visionary Wealth Advisors 1.05% of their portfolio O'FALLON, IL 227,253227.3k $22.5m $22.5m 1.05% Reduced -16.4k -16,358
63 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 225,403225.4k $22.3m $22.3m 0.02% Reduced -4.4k -4,418
64 Ethos Financial Group, LLC 1.72% of their portfolio KING OF PRUSSIA, PA 221,250221.2k $21.9m $21.9m 1.72% Reduced -852 -852
65 Beaumont Asset Management, L.L.C. 10.94% of their portfolio BEAUMONT, TX 219,300219.3k $21.7m $21.7m 10.94% Reduced -13.6k -13,628
66 Summit Financial, LLC 0.33% of their portfolio PARSIPPANY, NJ 216,312216.3k $21.4m $21.4m 0.33% Reduced -30.1k -30,070
67 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 214,649214.6k $21.3m $21.3m 0.00% Added +5.3k +5,306
68 Wealthcare Advisory Partners LLC 0.44% of their portfolio WEST CHESTER, PA 211,306211.3k $20.9m $20.9m 0.44% Added +6.1k +6,071
69 Berkshire Money Management, Inc. 2.12% of their portfolio DALTON, MA 207,871207.9k $20.6m $20.6m 2.12% Reduced -4.0k -3,981
70 Steward Partners Investment Advisory, LLC 0.12% of their portfolio STAMFORD, CT 207,427207.4k $20.6m $20.6m 0.12% Added +5.8k +5,809
71 Prospera Financial Services Inc 0.35% of their portfolio Dallas, TX 207,347207.3k $20.6m $20.6m 0.35% Reduced -16.0k -15,992
72 Tanager Wealth Management LLP 2.13% of their portfolio Goring On Thames, X0 204,363204.4k $20.3m $20.3m 2.13% Reduced -68.2k -68,217
73 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 202,455202.5k $20.1m $20.1m 0.05% Reduced -15.6k -15,557
74 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 201,257201.3k $19.9m $19.9m 0.01% Added +4.7k +4,659
75 Harbour Trust & Investment Management Co 2.01% of their portfolio MICHIGAN CITY, IN 196,344196.3k $19.5m $19.5m 2.01% Reduced -303 -303
76 Etesian Wealth Advisors, Inc. 6.19% of their portfolio West Linn, OR 189,235189.2k $18.8m $18.8m 6.19% Added +9.4k +9,421
77 KESTRA PRIVATE WEALTH SERVICES, LLC 0.24% of their portfolio AUSTIN, TX 186,603186.6k $18.5m $18.5m 0.24% Reduced -56.9k -56,873
78 Sequoia Financial Advisors, LLC 0.11% of their portfolio Akron, OH 182,396182.4k $18.1m $18.1m 0.11% Reduced -25.7k -25,692
79 New England Private Wealth Advisors LLC 2.34% of their portfolio WELLESLEY, MA 179,516179.5k $17.8m $17.8m 2.34% Added +16.6k +16,582
80 Altus Wealth Group LLC 7.27% of their portfolio COLORADO SPRINGS, CO 178,609178.6k $17.7m $17.7m 7.27% Added +2.2k +2,225
81 DAVENPORT & Co LLC 0.09% of their portfolio RICHMOND, VA 169,613169.6k $16.8m $16.8m 0.09% Reduced -13.1k -13,053
82 MAI Capital Management 0.10% of their portfolio INDEPENDENCE, OH 168,942168.9k $16.7m $16.7m 0.10% Reduced -20.1k -20,136
83 IFP Advisors, Inc 0.43% of their portfolio TAMPA, FL 168,653168.7k $16.7m $16.7m 0.43% Reduced -7.1k -7,103
84 Kathleen S. Wright Associates Inc. 6.18% of their portfolio PITTSBURGH, PA 168,156168.2k $16.7m $16.7m 6.18% Added +4.6k +4,626
85 JOURNEY STRATEGIC WEALTH LLC 0.47% of their portfolio SUMMIT, NJ 167,074167.1k $16.6m $16.6m 0.47% Added +5.0k +4,963
86 Graver Capital Management, LLC 13.82% of their portfolio COLUMBUS, OH 165,500165.5k $16.4m $16.4m 13.82% Reduced -1.2k -1,209
87 James J. Burns & Company, LLC 2.41% of their portfolio MELVILLE, NY 163,336163.3k $16.2m $16.2m 2.41% Added +9.1k +9,086
88 Aspen Wealth Strategies, LLC 9.05% of their portfolio ARVADA, CO 163,131163.1k $16.2m $16.2m 9.05% Reduced -23.2k -23,188
89 Mariner, LLC 0.02% of their portfolio Overland Park, KS 162,823162.8k $16.1m $16.1m 0.02% Reduced -17.7k -17,742
90 Obermeyer Wealth Partners 0.75% of their portfolio ASPEN, CO 161,743161.7k $16.0m $16.0m 0.75% Reduced -104.3k -104,311
91 HBW ADVISORY SERVICES LLC 1.78% of their portfolio SIMI VALLEY, CA 159,654159.7k $15.8m $15.8m 1.78% Reduced -1.8k -1,758
92 S.E.E.D. Planning Group LLC 4.43% of their portfolio BINGHAMTON, NY 153,542153.5k $15.2m $15.2m 4.43% Added +9.5k +9,514
93 SK Wealth Management, LLC 5.33% of their portfolio PROVIDENCE, RI 142,361142.4k $14.3m $14.3m 5.33% Reduced -45.4k -45,444
94 Family Office Research LLC 6.15% of their portfolio Bethesda, MD 141,904141.9k $14.1m $14.1m 6.15% Reduced -3.1k -3,079
95 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 140,567140.6k $13.9m $13.9m 0.03% Reduced -96.8k -96,799
96 INDEPENDENT FINANCIAL GROUP, LLC 0.32% of their portfolio SAN DIEGO, CA 135,631135.6k $13.4m $13.4m 0.32% Added +2.2k +2,170
97 Joseph Group Capital Management 3.75% of their portfolio COLUMBUS, OH 134,065134.1k $13.3m $13.3m 3.75% Added +2.1k +2,128
98 Unique Wealth Strategies, LLC 5.11% of their portfolio BURR RIDGE, IL 131,206131.2k $13.0m $13.0m 5.11% Reduced -9.6k -9,566
99 Goldstone Financial Group, LLC 1.50% of their portfolio OAKBROOK TERRACE, IL 128,308128.3k $12.7m $12.7m 1.50% Added +4.6k +4,638
100 Robertson Stephens Wealth Management, LLC 0.37% of their portfolio San Francisco, CA 124,760124.8k $12.4m $12.4m 0.37% Added +2.1k +2,075