Vault-13

VANECK ETF TRUST MOAT

MRNGSTR WDE MOAT · ETP · CUSIP 92189F643

725 institutional holders +46 vs Q3 2025
75,126,27075.1m shares reported held*
$7.8bnreported value*
58 new 223 added 300 reduced 46 sold out net sold ≈ $163.1m (-1.4m 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 ($235.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $103.31. Options: 1 managers hold calls ($300.3k notional), 1 hold puts ($341.7k).

Trends to Q4 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: 679Q4 25: 725725Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025725

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q1 24: 379 bought or addedQ1 24: 210 cut or sold outQ2 24: 335 bought or addedQ2 24: 254 cut or sold outQ2 24Q3 24: 328 bought or addedQ3 24: 266 cut or sold outQ4 24: 337 bought or addedQ4 24: 265 cut or sold outQ4 24Q1 25: 271 bought or addedQ1 25: 362 cut or sold outQ2 25: 211 bought or addedQ2 25: 415 cut or sold outQ2 25Q3 25: 188 bought or addedQ3 25: 385 cut or sold outQ4 25: 281 bought or addedQ4 25: 346 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024379210
Q2 2024335254
Q3 2024328266
Q4 2024337265
Q1 2025271362
Q2 2025211415
Q3 2025188385
Q4 2025281346

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ1 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 0.00Q4 25 calls: $300.3kQ4 25 puts: $341.7kQ4 25P/C 1.14
Numbers
QuarterCallsPutsP/C
Q1 2025$3.3m$827.2k0.25
Q2 2025$2.0m$00.00
Q3 2025$852.3k$00.00
Q4 2025$300.3k$341.7k1.14

Biggest buyers

UNITED CAPITAL FINANCIAL ADVISORS, LLC New +596,396+596.4k
SOUTHERN FARM BUREAU LIFE INSURANCE Added +262,940+262.9k
LPL Financial LLC Added +180,972+181.0k
Thrivent Financial for Lutherans Added +169,063+169.1k
Pathstone Holdings, LLC New +158,888+158.9k
JONES FINANCIAL COMPANIES LLLP Added +137,632+137.6k
UBS Group AG Added +131,322+131.3k
CAHILL FINANCIAL ADVISORS INC Added +120,007+120.0k
Rockefeller Capital Management L.P. Added +89,477+89.5k
EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC Added +89,304+89.3k

Biggest sellers

Mesirow Financial Investment Management, Inc. Reduced -642,791-642.8k
Sanctuary Advisors, LLC Reduced -252,572-252.6k
BANK OF AMERICA CORP /DE/ Reduced -240,174-240.2k
Dynamic Advisor Solutions LLC Reduced -224,677-224.7k
MORGAN STANLEY Reduced -201,027-201.0k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -183,570-183.6k
RAYMOND JAMES FINANCIAL INC Reduced -179,591-179.6k
OSAIC HOLDINGS, INC. Reduced -158,602-158.6k
JOURNEY STRATEGIC WEALTH LLC Reduced -154,716-154.7k
AMERIPRISE FINANCIAL INC Reduced -138,430-138.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $300.3k2.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $341.7k3.3k shares

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.19% of their portfolio FORT MILL, SC 6,583,6576.6m $681.8m $681.8m 0.19% Added +181.0k +180,972
2 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 6,414,5416.4m $664.3m $664.3m 0.04% Reduced -201.0k -201,027
3 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 6,043,3986.0m $625.9m $625.9m 0.05% Reduced -240.2k -240,174
4 RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio ST. PETERSBURG, FL 3,035,5103.0m $314.4m $314.4m 0.10% Reduced -179.6k -179,591
5 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 2,292,4202.3m $237.4m $237.4m 0.05% Reduced -29.6k -29,644
6 Boulay Financial Advisors, LLC 25.97% of their portfolio EDEN PRAIRIE, MN 2,132,6992.1m $220.9m $220.9m 25.97% Added +13.3k +13,325
7 Mesirow Financial Investment Management, Inc. 4.22% of their portfolio CHICAGO, IL 1,984,5262.0m $205.5m $205.5m 4.22% Reduced -642.8k -642,791
8 COMMONWEALTH EQUITY SERVICES, LLC 0.19% of their portfolio WALTHAM, MA 1,369,1811.4m $141.8m $141.8m 0.19% Reduced -183.6k -183,570
9 JONES FINANCIAL COMPANIES LLLP 0.08% of their portfolio DES PERES, MO 1,238,8841.2m $128.3m $128.3m 0.08% Added +137.6k +137,632
10 Cetera Investment Advisers 0.13% of their portfolio SCHAUMBURG, IL 1,171,3791.2m $121.3m $121.3m 0.13% Reduced -52.1k -52,069
11 SOUTHERN FARM BUREAU LIFE INSURANCE 11.85% of their portfolio JACKSON, MS 1,107,9671.1m $114.7m $114.7m 11.85% Added +262.9k +262,940
12 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,106,4861.1m $114.6m $114.6m 0.02% Added +131.3k +131,322
13 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 931,507931.5k $96.5m $96.5m 0.02% Reduced -138.4k -138,430
14 Provenance Wealth Advisors, LLC 10.23% of their portfolio FORT LAUDERDALE, FL 891,309891.3k $92.3m $92.3m 10.23% Reduced -21.6k -21,568
15 FIRST FOUNDATION ADVISORS 2.97% of their portfolio Irvine, CA 760,526760.5k $78.8m $78.8m 2.97% Reduced -39.3k -39,291
16 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 752,273752.3k $77.9m $77.9m 0.01% Added +2.8k +2,782
17 Cambridge Investment Research Advisors, Inc. 0.19% of their portfolio FAIRFIELD, IA 688,390688.4k $71.3m $71.3m 0.19% Reduced -18.2k -18,154
18 MERCER GLOBAL ADVISORS INC /ADV 0.11% of their portfolio DENVER, CO 665,834665.8k $69.0m $69.0m 0.11% Reduced -128.8k -128,782
19 CWM, LLC 0.18% of their portfolio OMAHA, NE 646,558646.6k $67.0m $67.0m 0.18% Reduced -35.7k -35,717
20 SFMG, LLC 4.45% of their portfolio PLANO, TX 640,814640.8k $66.4m $66.4m 4.45% Added +9.7k +9,698
21 Verde Capital Management 13.83% of their portfolio CLARKSTON, MI 626,318626.3k $64.9m $64.9m 13.83% Added +18.4k +18,449
22 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.37% of their portfolio IRVING, TX 596,396596.4k $61.8m $61.8m 0.37% New
23 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 583,301583.3k $60.4m $60.4m 0.09% Reduced -158.6k -158,602
24 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 578,478578.5k $59.9m $59.9m 0.07% Reduced -25.4k -25,398
25 CAHILL FINANCIAL ADVISORS INC 5.21% of their portfolio EDINA, MN 565,557565.6k $47.7m $47.7m 5.21% Added +120.0k +120,007
26 Kelman-Lazarov, Inc. 8.22% of their portfolio MEMPHIS, TN 556,020556.0k $57.6m $57.6m 8.22% Added +4.9k +4,855
27 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 516,693516.7k $53.5m $53.5m 0.03% Added +1.3k +1,269
28 Apriem Advisors 4.88% of their portfolio IRVINE, CA 513,241513.2k $53.2m $53.2m 4.88% Added +19.4k +19,418
29 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 504,592504.6k $52.3m $52.3m 0.05% Added +13.3k +13,315
30 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 493,013493.0k $51.1m $51.1m 0.02% Reduced -97.9k -97,919
31 Leelyn Smith, LLC 7.36% of their portfolio GENEVA, IL 491,426491.4k $50.9m $50.9m 7.36% Added +2.7k +2,687
32 FINANCIAL MANAGEMENT NETWORK INC 7.92% of their portfolio MISSION VIEJO, CA 483,727483.7k $50.1m $50.1m 7.92% Reduced -2.2k -2,208
33 REGATTA CAPITAL GROUP, LLC 7.44% of their portfolio EL SEGUNDO, CA 475,656475.7k $49.3m $49.3m 7.44% Added +14.5k +14,467
34 Harbor Group, Inc. 7.32% of their portfolio BEDFORD, NH 471,886471.9k $48.9m $48.9m 7.32% Added +23.9k +23,926
35 OneDigital Investment Advisors LLC 0.47% of their portfolio OVERLAND PARK, KS 466,619466.6k $48.3m $48.3m 0.47% Reduced -43.9k -43,916
36 CEERA INVESTMENTS, LLC 17.38% of their portfolio BELLAIRE, TX 434,412434.4k $45.0m $45.0m 17.38% Reduced -33.6k -33,633
37 G2 CAPITAL MANAGEMENT, LLC / OH 9.98% of their portfolio COLUMBUS, OH 399,693399.7k $41.4m $41.4m 9.98% Added +12.2k +12,231
38 Whitaker-Myers Wealth Managers, LTD. 8.55% of their portfolio Mansfield, OH 395,654395.7k $41.0m $41.0m 8.55% Reduced -15.8k -15,756
39 Private Advisor Group, LLC 0.19% of their portfolio MORRISTOWN, NJ 395,325395.3k $40.9m $40.9m 0.19% Reduced -2.5k -2,468
40 Summit Asset Management, LLC 5.60% of their portfolio MEMPHIS, TN 382,063382.1k $39.6m $39.6m 5.60% Added +4.7k +4,749
41 STEPHENS INC /AR/ 0.48% of their portfolio LITTLE ROCK, AR 375,398375.4k $38.9m $38.9m 0.48% Added +1.7k +1,699
42 JNBA Financial Advisors 3.39% of their portfolio BLOOMINGTON, MN 374,604374.6k $38.8m $38.8m 3.39% Reduced -8.2k -8,186
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 355,411355.4k $37.8m $37.8m 0.05% Reduced -37.5k -37,507
44 Ancora Advisors LLC 0.76% of their portfolio Cleveland, OH 355,168355.2k $36.8m $36.8m 0.76% Added +43.0k +42,952
45 Cerity Partners LLC 0.05% of their portfolio NEW YORK, NY 340,760340.8k $35.3m $35.3m 0.05% Added +4.0k +3,986
46 LEVEL FOUR ADVISORY SERVICES, LLC 1.00% of their portfolio DALLAS, TX 296,122296.1k $30.7m $30.7m 1.00% Added +975 +975
47 Richmond Investment Services, LLC 5.30% of their portfolio Mequon, WI 295,973296.0k $30.7m $30.7m 5.30% Reduced -2.2k -2,152
48 Planned Solutions, Inc. 9.77% of their portfolio FOLSOM, CA 291,739291.7k $30.2m $30.2m 9.77% Reduced -6.9k -6,945
49 Buttonwood Financial Advisors Inc. 9.92% of their portfolio BALTIMORE, MD 287,210287.2k $29.7m $29.7m 9.92% Reduced -11.4k -11,353
50 ASSETMARK, INC 0.06% of their portfolio CONCORD, CA 279,505279.5k $28.9m $28.9m 0.06% Reduced -3.2k -3,179
51 Brookstone Capital Management 0.33% of their portfolio WHEATON, IL 279,045279.0k $28.9m $28.9m 0.33% Reduced -27.2k -27,170
52 Geneos Wealth Management Inc. 0.66% of their portfolio ENGLEWOOD, CO 261,638261.6k $27.1m $27.1m 0.66% Reduced -33.5k -33,543
53 NewEdge Advisors, LLC 0.10% of their portfolio NEW ORLEANS, LA 257,497257.5k $26.7m $26.7m 0.10% Reduced -676 -676
54 Mirae Asset Global Investments Co., Ltd. 0.07% of their portfolio SEOUL, M5 256,000256.0k $26.5m $26.5m 0.07% Reduced -24.0k -24,000
55 Concurrent Investment Advisors, LLC 0.30% of their portfolio Tampa, FL 254,843254.8k $26.4m $26.4m 0.30% Added +4.0k +3,957
56 Virtus Wealth Solutions LLC 4.96% of their portfolio CRANFORD, NJ 252,532252.5k $26.2m $26.2m 4.96% Reduced -9.8k -9,768
57 SHP Wealth Management 2.00% of their portfolio PLYMOUTH, MA 247,698247.7k $25.7m $25.7m 2.00% First filing
58 Activest Wealth Management 4.56% of their portfolio AVENTURA, FL 235,643235.6k $24.4m $24.4m 4.56% Added +6.2k +6,184
59 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 230,044230.0k $23.8m $23.8m 0.04% Added +89.5k +89,477
60 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 218,967219.0k $22.7m $22.7m 0.06% Added +16.5k +16,512
61 Beaumont Asset Management, L.L.C. 11.11% of their portfolio BEAUMONT, TX 214,645214.6k $22.2m $22.2m 11.11% Reduced -4.7k -4,655
62 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 214,601214.6k $22.2m $22.2m 0.02% Reduced -10.8k -10,802
63 Wealthcare Advisory Partners LLC 0.43% of their portfolio WEST CHESTER, PA 213,781213.8k $22.1m $22.1m 0.43% Added +2.5k +2,475
64 Berkshire Money Management, Inc. 2.10% of their portfolio DALTON, MA 212,614212.6k $22.0m $22.0m 2.10% Added +4.7k +4,743
65 Summit Financial, LLC 0.32% of their portfolio PARSIPPANY, NJ 212,036212.0k $22.0m $22.0m 0.32% Reduced -4.3k -4,276
66 Visionary Wealth Advisors 0.99% of their portfolio O'FALLON, IL 211,896211.9k $21.9m $21.9m 0.99% Reduced -15.4k -15,357
67 Steward Partners Investment Advisory, LLC 0.12% of their portfolio STAMFORD, CT 211,192211.2k $21.9m $21.9m 0.12% Added +3.8k +3,765
68 Ethos Financial Group, LLC 1.59% of their portfolio KING OF PRUSSIA, PA 207,777207.8k $21.5m $21.5m 1.59% Reduced -13.5k -13,473
69 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 207,282207.3k $21.5m $21.5m 0.00% Reduced -7.4k -7,367
70 Prospera Financial Services Inc 0.35% of their portfolio Dallas, TX 203,493203.5k $21.1m $21.1m 0.35% Reduced -3.9k -3,854
71 KRM WEALTH MANAGEMENT L.L.C. 11.36% of their portfolio RENO, NV 200,093200.1k $20.7m $20.7m 11.36% First filing
72 Harbour Trust & Investment Management Co 2.07% of their portfolio MICHIGAN CITY, IN 195,593195.6k $20.3m $20.3m 2.07% Reduced -751 -751
73 Etesian Wealth Advisors, Inc. 6.21% of their portfolio West Linn, OR 191,301191.3k $19.8m $19.8m 6.21% Added +2.1k +2,066
74 Altus Wealth Group LLC 7.77% of their portfolio COLORADO SPRINGS, CO 187,849187.8k $19.5m $19.5m 7.77% Added +9.2k +9,240
75 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 183,585183.6k $19.0m $19.0m 0.01% Reduced -17.7k -17,672
76 New England Private Wealth Advisors LLC 2.30% of their portfolio WELLESLEY, MA 178,472178.5k $18.5m $18.5m 2.30% Reduced -1.0k -1,044
77 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 178,305178.3k $18.5m $18.5m 0.03% Added +169.1k +169,063
78 Graver Capital Management, LLC 14.55% of their portfolio COLUMBUS, OH 177,795177.8k $18.4m $18.4m 14.55% Added +12.3k +12,295
79 Foguth Wealth Management, LLC. 2.84% of their portfolio BRIGHTON, MI 176,868176.9k $18.3m $18.3m 2.84% First filing
80 James J. Burns & Company, LLC 2.47% of their portfolio MELVILLE, NY 172,986173.0k $17.9m $17.9m 2.47% Added +9.7k +9,650
81 FWG Holdings, LLC 3.56% of their portfolio WINTER PARK, FL 171,048171.0k $17.6m $17.6m 3.56% Added +86.5k +86,507
82 HBW ADVISORY SERVICES LLC 1.92% of their portfolio SIMI VALLEY, CA 170,926170.9k $17.7m $17.7m 1.92% Added +11.3k +11,272
83 Mariner, LLC 0.02% of their portfolio Overland Park, KS 170,836170.8k $17.7m $17.7m 0.02% Added +8.0k +8,013
84 MAI Capital Management 0.10% of their portfolio INDEPENDENCE, OH 165,522165.5k $17.1m $17.1m 0.10% Reduced -3.4k -3,420
85 DAVENPORT & Co LLC 0.09% of their portfolio RICHMOND, VA 164,189164.2k $17.0m $17.0m 0.09% Reduced -5.4k -5,424
86 Obermeyer Wealth Partners 0.76% of their portfolio ASPEN, CO 160,193160.2k $16.6m $16.6m 0.76% Reduced -1.6k -1,550
87 IFP Advisors, Inc 0.37% of their portfolio TAMPA, FL 160,022160.0k $16.6m $16.6m 0.37% Reduced -8.6k -8,631
88 Tanager Wealth Management LLP 1.65% of their portfolio Goring On Thames, X0 159,781159.8k $16.5m $16.5m 1.65% Reduced -44.6k -44,582
89 Pathstone Holdings, LLC 0.06% of their portfolio ENGLEWOOD, NJ 158,888158.9k $16.5m $16.5m 0.06% New
90 S.E.E.D. Planning Group LLC 4.61% of their portfolio BINGHAMTON, NY 156,113156.1k $16.2m $16.2m 4.61% Added +2.6k +2,571
91 KESTRA PRIVATE WEALTH SERVICES, LLC 0.20% of their portfolio AUSTIN, TX 155,865155.9k $16.1m $16.1m 0.20% Reduced -30.7k -30,738
92 Sequoia Financial Advisors, LLC 0.09% of their portfolio Akron, OH 153,239153.2k $15.9m $15.9m 0.09% Reduced -29.2k -29,157
93 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 1.78% of their portfolio Miamisburg, OH 152,891152.9k $15.8m $15.8m 1.78% Added +89.3k +89,304
94 Sanctuary Advisors, LLC 0.08% of their portfolio INDIANAPOLIS, IN 147,143147.1k $15.2m $15.2m 0.08% Reduced -252.6k -252,572
95 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 141,164141.2k $14.6m $14.6m 0.01% Added +68.1k +68,122
96 Family Office Research LLC 5.89% of their portfolio Bethesda, MD 138,019138.0k $14.4m $14.4m 5.89% Reduced -3.9k -3,885
97 Joseph Group Capital Management 3.64% of their portfolio COLUMBUS, OH 133,939133.9k $13.9m $13.9m 3.64% Reduced -126 -126
98 Goldstone Financial Group, LLC 1.55% of their portfolio OAKBROOK TERRACE, IL 133,918133.9k $13.9m $13.9m 1.55% Added +5.6k +5,610
99 INDEPENDENT FINANCIAL GROUP, LLC 0.30% of their portfolio SAN DIEGO, CA 129,055129.1k $13.4m $13.4m 0.30% Reduced -6.6k -6,576
100 Coastline Complete Wealth LLC 8.38% of their portfolio BLUFFTON, SC 128,435128.4k $13.3m $13.3m 8.38% First filing