Vault-13

VANECK ETF TRUST SMH

SEMICONDUCTR ETF · ETP · CUSIP 92189F676 · ISIN US92189F6768

668 institutional holders +108 vs Q3 2023
47,252,22647.3m shares reported held*
$8.3bnreported value*
115 new 249 added 171 reduced 45 sold out net bought ≈ $328.0m (+1.6m 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 ($9.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $175.32. Options: 37 managers hold calls ($2.6bn notional), 44 hold puts ($3.5bn).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 390Q4 22: 432Q1 23: 488Q2 23: 529Q3 23: 560Q4 23: 668668Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022390
Q4 2022432
Q1 2023488
Q2 2023529
Q3 2023560
Q4 2023668

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 212 bought or addedQ4 22: 203 cut or sold outQ4 22Q1 23: 272 bought or addedQ1 23: 199 cut or sold outQ1 23Q2 23: 265 bought or addedQ2 23: 225 cut or sold outQ2 23Q3 23: 283 bought or addedQ3 23: 201 cut or sold outQ3 23Q4 23: 364 bought or addedQ4 23: 216 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022212203
Q1 2023272199
Q2 2023265225
Q3 2023283201
Q4 2023364216

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bn$4bnQ1 23 calls: $1.9bnQ1 23 puts: $3.0bnQ1 23P/C 1.57Q2 23 calls: $1.8bnQ2 23 puts: $3.0bnQ2 23P/C 1.72Q3 23 calls: $2.0bnQ3 23 puts: $2.5bnQ3 23P/C 1.25Q4 23 calls: $2.6bnQ4 23 puts: $3.5bnQ4 23P/C 1.34
Numbers
QuarterCallsPutsP/C
Q1 2023$1.9bn$3.0bn1.57
Q2 2023$1.8bn$3.0bn1.72
Q3 2023$2.0bn$2.5bn1.25
Q4 2023$2.6bn$3.5bn1.34

Biggest buyers

JANE STREET GROUP, LLC Added +3,194,504+3.2m
MORGAN STANLEY Added +994,388+994.4k
GOLDMAN SACHS GROUP INC Added +608,098+608.1k
Saudi Central Bank New +602,006+602.0k
MEITAV INVESTMENT HOUSE LTD Added +371,831+371.8k
Squarepoint Ops LLC Added +346,567+346.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +275,728+275.7k
BNP PARIBAS FINANCIAL MARKETS Added +271,507+271.5k
HIMENSION CAPITAL (SINGAPORE) PTE. LTD. Added +249,112+249.1k
CAPITAL FUND MANAGEMENT S.A. New +243,465+243.5k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -2,875,973-2.9m
TWO SIGMA INVESTMENTS, LP Reduced -1,137,100-1.1m
TWO SIGMA ADVISERS, LP Reduced -855,800-855.8k
Fisher Asset Management, LLC Reduced -673,708-673.7k
CITIGROUP INC Reduced -565,331-565.3k
Migdal Insurance & Financial Holdings Ltd. Sold out -422,000-422.0k
CI INVESTMENTS INC. Reduced -415,257-415.3k
Piedmont Capital Management, LLC Reduced -328,114-328.1k
J. Goldman & Co LP Reduced -213,829-213.8k
LMR Partners LLP Sold out -207,932-207.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $653.3m3.7m shares
CITADEL ADVISORS LLC Added $500.3m2.9m shares
BNP PARIBAS FINANCIAL MARKETS Reduced $144.0m8.2k shares
BANK OF AMERICA CORP /DE/ Added $127.4m728.5k shares
PEAK6 Investments LLC Added $112.0m640.6k shares
MILLENNIUM MANAGEMENT LLC Added $111.1m635.6k shares
ROYAL BANK OF CANADA New $110.2m630.0k shares
Capula Management Ltd Added $104.9m600.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $103.9m594.3k shares
BARCLAYS PLC Added $100.6m575.1k shares

Biggest puts

BNP PARIBAS FINANCIAL MARKETS Added $877.8m50.2k shares
CITADEL ADVISORS LLC Reduced $484.4m2.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $447.7m2.6m shares
MILLENNIUM MANAGEMENT LLC Added $287.2m1.6m shares
Walleye Capital LLC Added $184.0m1.1m shares
Capula Management Ltd Added $181.5m1.0m shares
CAPITAL FUND MANAGEMENT S.A. Reduced $130.5m746.3k shares
ROYAL BANK OF CANADA New $113.7m650.0k shares
Walleye Trading LLC Added $95.5m546.0k shares
UBS Group AG Added $87.4m500.0k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.19% of their portfolio CHARLOTTE, NC 9,435,8899.4m $1.7bn $1.7bn 0.19% Reduced -2.9m -2,875,973
2 JANE STREET GROUP, LLC 1.06% of their portfolio NEW YORK, NY 4,999,3625.0m $874.2m $874.2m 1.06% Added +3.2m +3,194,504
3 Fisher Asset Management, LLC 0.32% of their portfolio PLANO, TX 3,410,8593.4m $596.5m $596.5m 0.32% Reduced -673.7k -673,708
4 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 2,607,0322.6m $455.9m $455.9m 0.10% Added +608.1k +608,098
5 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 1,980,8742.0m $346.4m $346.4m 0.02% Added +994.4k +994,388
6 UBS Group AG 0.09% of their portfolio ZURICH, V8 1,223,0581.2m $213.9m $213.9m 0.09% Reduced -90.2k -90,172
7 CI INVESTMENTS INC. 1.03% of their portfolio TORONTO, Z4 1,138,0461.1m $199.0m $199.0m 1.03% Reduced -415.3k -415,257
8 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.68% of their portfolio TORONTO, A6 1,110,0001.1m $194.1m $194.1m 0.68% Unchanged
9 LPL Financial LLC 0.12% of their portfolio FORT MILL, SC 1,088,0571.1m $190.3m $190.3m 0.12% Added +195.7k +195,746
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 905,270905.3k $158.3m $158.3m 0.01% Reduced -187.9k -187,866
11 MEITAV INVESTMENT HOUSE LTD 1.88% of their portfolio BENE-BERAQ, L3 732,008732.0k $127.9m $127.9m 1.88% Added +371.8k +371,831
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.20% of their portfolio BALA CYNWYD, PA 688,746688.7k $120.4m $120.4m 0.20% Added +275.7k +275,728
13 Main Management ETF Advisors, LLC 6.67% of their portfolio SAN FRANCISCO, CA 649,740649.7k $113.6m $113.6m 6.67% Added +49.0k +48,960
14 Saudi Central Bank 12.77% of their portfolio Riyadh, T0 602,006602.0k $105.3m $105.3m 12.77% New
15 CITIGROUP INC 0.14% of their portfolio NEW YORK, NY 590,491590.5k $103.3m $103.3m 0.14% Reduced -565.3k -565,331
16 CANADA PENSION PLAN INVESTMENT BOARD 0.12% of their portfolio TORONTO ONTARIO, A6 540,000540.0k $94.4m $94.4m 0.12% Unchanged
17 BNP PARIBAS FINANCIAL MARKETS 0.17% of their portfolio PARIS, I0 531,637531.6k $93.0m $93.0m 0.17% Added +271.5k +271,507
18 Squarepoint Ops LLC 0.30% of their portfolio NEW YORK, NY 416,774416.8k $72.9m $72.9m 0.30% Added +346.6k +346,567
19 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 403,653403.7k $70.6m $70.6m 0.02% Added +31.0k +31,010
20 CITADEL ADVISORS LLC 0.07% of their portfolio MIAMI, FL 395,236395.2k $69.1m $69.1m 0.07% Reduced -34.3k -34,317
21 Thrivent Financial for Lutherans 0.14% of their portfolio Minneapolis, MN 375,378375.4k $65.6m $65.6m 0.14% Reduced -51.2k -51,160
22 BlackRock Inc. 0.00% of their portfolio New York, NY 359,038359.0k $62.8m $62.8m 0.00% Added +200.0k +200,042
23 HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 5.06% of their portfolio SINGAPORE, U0 318,624318.6k $55.7m $55.7m 5.06% Added +249.1k +249,112
24 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 302,996303.0k $53.0m $53.0m 0.01% Added +33.8k +33,825
25 Raymond James Financial Services Advisors, Inc. 0.08% of their portfolio ST. PETERSBURG, FL 295,190295.2k $51.6m $51.6m 0.08% Added +150.3k +150,344
26 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 269,175269.2k $47.2m $47.2m 0.01% Added +90.1k +90,135
27 WOLVERINE TRADING, LLC 0.36% of their portfolio CHICAGO, IL 268,127268.1k $46.9m $46.9m 0.36% Added +236.3k +236,279
28 Portfolio Strategies, Inc. 7.60% of their portfolio MONTVALE, NJ 259,422259.4k $45.8m $45.8m 7.60% Reduced -1.9k -1,919
29 CAPITAL FUND MANAGEMENT S.A. 0.54% of their portfolio PARIS, I0 243,465243.5k $42.6m $42.6m 0.54% New
30 Main Management LLC 4.16% of their portfolio SAN FRANCISCO, CA 242,556242.6k $42.4m $42.4m 4.16% Reduced -74.5k -74,475
31 Main Management Fund Advisors LLC 11.59% of their portfolio SAN FRANCISCO, CA 236,700236.7k $41.4m $41.4m 11.59% Reduced -30.4k -30,400
32 Rockefeller Capital Management L.P. 0.14% of their portfolio NEW YORK, NY 234,629234.6k $41.0m $41.0m 0.14% Added +10.5k +10,489
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 226,179226.2k $39.6m $39.6m 0.04% Added +19.6k +19,562
34 Walleye Trading LLC 0.57% of their portfolio NEW YORK, NY 218,267218.3k $38.2m $38.2m 0.57% New
35 MML INVESTORS SERVICES, LLC 0.17% of their portfolio SPRINGFIELD, MA 214,360214.4k $37.5m $37.5m 0.17% Added +140.2k +140,233
36 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 197,777197.8k $34.6m $34.6m 0.06% Reduced -20.7k -20,711
37 Cambridge Investment Research Advisors, Inc. 0.14% of their portfolio FAIRFIELD, IA 188,047188.0k $32.9m $32.9m 0.14% Reduced -4.3k -4,257
38 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 181,691181.7k $31.8m $31.8m 0.06% Reduced -131 -131
39 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 176,252176.3k $31.1m $31.1m 0.01% Added +171.7k +171,664
40 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 174,762174.8k $30.6m $30.6m 0.01% Added +19.7k +19,713
41 Cetera Advisors LLC 0.42% of their portfolio DENVER, CO 173,574173.6k $30.4m $30.4m 0.42% Added +18.9k +18,853
42 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 172,652172.7k $30.2m $30.2m 0.02% Reduced -1.1k -1,139
43 Diversified, LLC 6.37% of their portfolio Wilmington, DE 168,235168.2k $29.4m $29.4m 6.37% Added +2.2k +2,244
44 CIBC WORLD MARKET INC. 0.07% of their portfolio TORONTO, A6 141,728141.7k $24.8m $24.8m 0.07% Reduced -116.4k -116,377
45 Capula Management Ltd 1.52% of their portfolio Grand Cayman, E9 138,000138.0k $24.1m $24.1m 1.52% Added +85.0k +85,000
46 TWO SIGMA ADVISERS, LP 0.05% of their portfolio NEW YORK, NY 131,336131.3k $23.0m $23.0m 0.05% Reduced -855.8k -855,800
47 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 1.77% of their portfolio Tel Aviv, L3 129,500129.5k $22.6m $22.6m 1.77% Unchanged
48 Foundations Investment Advisors, LLC 0.63% of their portfolio PHOENIX, AZ 125,052125.1k $23.5m $23.5m 0.63% Added +1.3k +1,340
49 Aragon Global Management, LP 12.16% of their portfolio MIAMI, FL 122,630122.6k $21.4m $21.4m 12.16% First filing
50 NewEdge Wealth, LLC 0.55% of their portfolio STAMFORD, CT 122,287122.3k $21.4m $21.4m 0.55% Added +2.3k +2,291
51 PRUDENTIAL PLC 0.23% of their portfolio LONDON, X0 122,100122.1k $21.4m $21.4m 0.23% New
52 BANK OF NOVA SCOTIA 0.04% of their portfolio TORONTO, A6 112,835112.8k $19.7m $19.7m 0.04% Added +103.6k +103,630
53 Cavalier Investments, LLC 6.96% of their portfolio ALPHARETTA, GA 108,020108.0k $18.9m $18.9m 6.96% Added +14.7k +14,732
54 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 105,152105.2k $18.4m $18.4m 0.03% New
55 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 100,245100.2k $17.5m $17.5m 0.02% Added +55.0k +54,967
56 Man Group plc 0.05% of their portfolio LONDON, X0 99,34499.3k $17.4m $17.4m 0.05% New
57 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 98,39798.4k $17.2m $17.2m 0.01% Reduced -5.9k -5,922
58 Twin Tree Management, LP 0.29% of their portfolio DALLAS, TX 93,02093.0k $16.3m $16.3m 0.29% Reduced -102.6k -102,631
59 Kraft, Davis & Associates, LLC 5.20% of their portfolio St. Louis, MO 91,99392.0k $17.3m $17.3m 5.20% Reduced -426 -426
60 Itau Unibanco Holding S.A. 0.53% of their portfolio SAO PAULO, D5 91,94291.9k $16.1m $16.1m 0.53% New
61 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 90,89290.9k $15.9m $15.9m 0.04% Added +65.5k +65,458
62 CASTLEARK MANAGEMENT LLC 0.70% of their portfolio CHICAGO, IL 90,20090.2k $15.8m $15.8m 0.70% New
63 Optiver Holding B.V. 0.47% of their portfolio AMSTERDAM, P7 90,08090.1k $15.8m $15.8m 0.47% New
64 Rezny Wealth Management, Inc. 5.00% of their portfolio Fort Myers, FL 89,76389.8k $15.7m $15.7m 5.00% New
65 Discovery Value Fund 6.89% of their portfolio SINGAPORE, U0 86,29186.3k $15.1m $15.1m 6.89% New
66 Round Rock Advisors LLC 3.74% of their portfolio WILTON, CT 85,01785.0k $14.9m $14.9m 3.74% Reduced -3.3k -3,291
67 AE Wealth Management LLC 0.08% of their portfolio TOPEKA, KS 83,97484.0k $15.8m $15.8m 0.08% Added +44.9k +44,874
68 EDMOND DE ROTHSCHILD HOLDING S.A. 0.26% of their portfolio CHAMBESY, V8 82,23682.2k $14.4m $14.4m 0.26% Reduced -74 -74
69 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 81,91781.9k $14.3m $14.3m 0.01% New
70 Miller Investment Management, LP 1.95% of their portfolio WEST CONSHOHOCKEN, PA 78,49478.5k $13.7m $13.7m 1.95% Reduced -126 -126
71 EHP Funds Inc. 6.80% of their portfolio TORONTO, Z4 77,50077.5k $13.6m $13.6m 6.80% Reduced -76.2k -76,200
72 Bank Julius Baer & Co. Ltd, Zurich 0.06% of their portfolio ZURICH, V8 76,47076.5k $13.4m $13.4m 0.06% Reduced -11.6k -11,609
73 Cetera Advisor Networks LLC 0.07% of their portfolio EL SEGUNDO, CA 74,56474.6k $13.0m $13.0m 0.07% Added +12.7k +12,674
74 Rye Brook Capital LLC 7.33% of their portfolio GREENWICH, CT 72,90072.9k $12.7m $12.7m 7.33% New
75 Nan Shan Life Insurance Co., Ltd. 0.29% of their portfolio Taipei City, F5 68,02468.0k $11.9m $11.9m 0.29% New
76 AGUR PROVIDENT & TRAINING FUNDS MANAGEMENT LTD 3.78% of their portfolio TEL AVIV, L3 65,37565.4k $11.4m $11.4m 3.78% Added +26.8k +26,800
77 TD Waterhouse Canada Inc. 0.11% of their portfolio TORONTO, A6 65,07165.1k $11.4m $11.4m 0.11% Added +1.8k +1,812
78 WESPAC Advisors SoCal, LLC 3.20% of their portfolio Pasadena, CA 62,90362.9k $11.0m $11.0m 3.20% New
79 Kestra Advisory Services, LLC 0.09% of their portfolio AUSTIN, TX 60,28960.3k $10.5m $10.5m 0.09% Added +22.4k +22,445
80 Anfield Capital Management, LLC 5.61% of their portfolio IRVINE, CA 59,53759.5k $10.4m $10.4m 5.61% Reduced -18.4k -18,432
81 Allianz Asset Management GmbH 0.02% of their portfolio MUNICH, 2M 59,50059.5k $10.4m $10.4m 0.02% Added +28.1k +28,100
82 Horizon Wealth Management, LLC 2.84% of their portfolio LA GRANGE, IL 58,34758.3k $10.2m $10.2m 2.84% New
83 LYELL WEALTH MANAGEMENT, LP 1.16% of their portfolio MENLO PARK, CA 58,32858.3k $10.2m $10.2m 1.16% Added +3.6k +3,626
84 CORNERSTONE ENTERPRISES, LLC 8.98% of their portfolio APPLETON, WI 57,57657.6k $10.1m $10.1m 8.98% First filing
85 HARBOUR INVESTMENTS, INC. 0.42% of their portfolio MADISON, WI 57,39457.4k $10.0m $10.0m 0.42% Added +614 +614
86 BLAIR WILLIAM & CO/IL 0.03% of their portfolio CHICAGO, IL 55,68055.7k $9.7m $9.7m 0.03% Added +41 +41
87 Lido Advisors, LLC 0.09% of their portfolio Los Angeles, CA 54,44954.4k $9.5m $9.5m 0.09% Added +5.0k +4,999
88 Rothschild Capital Partners, LLC 2.86% of their portfolio NEW YORK, NY 51,87051.9k $9.1m $9.1m 2.86% Unchanged
89 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 50,52250.5k $8.8m $8.8m 0.03% Added +4.8k +4,821
90 Kozak & Associates, Inc. 2.80% of their portfolio HIGHLANDS RANCH, CO 50,28050.3k $8.8m $8.8m 2.80% Added +17.4k +17,446
91 Parallax Volatility Advisers, L.P. 0.23% of their portfolio San Francisco, CA 48,01948.0k $8.4m $8.4m 0.23% Added +3.4k +3,428
92 Yarbrough Capital, LLC 0.43% of their portfolio FRANKLIN, TN 46,98847.0k $8.2m $8.2m 0.43% Unchanged
93 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 45,63845.6k $8.0m $8.0m 0.01% Added +6.5k +6,508
94 GTS SECURITIES LLC 0.17% of their portfolio NEW YORK, NY 45,54445.5k $8.0m $8.0m 0.17% Reduced -41.1k -41,149
95 Fifth Third Securities, Inc. 0.81% of their portfolio Cincinnati, OH 45,02045.0k $7.9m $7.9m 0.81% Added +8.3k +8,337
96 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 44,31044.3k $7.7m $7.7m 0.02% Reduced -15.1k -15,052
97 Prospera Financial Services Inc 0.24% of their portfolio Dallas, TX 41,75141.8k $7.3m $7.3m 0.24% Reduced -2.9k -2,943
98 RWQ Financial Management Services, Inc. 5.92% of their portfolio NAPLES, FL 41,12641.1k $7.2m $7.2m 5.92% Added +12.8k +12,776
99 SCOTIA CAPITAL INC. 0.05% of their portfolio TORONTO, A6 40,67240.7k $7.1m $7.1m 0.05% Added +1.2k +1,199
100 Bluesphere Advisors LLC 4.41% of their portfolio EAST NORRITON, PA 40,64940.6k $7.1m $7.1m 4.41% Added +855 +855