Vault-13

VANECK ETF TRUST SMH

SEMICONDUCTR ETF · ETP · CUSIP 92189F676 · ISIN US92189F6768

775 institutional holders +107 vs Q4 2023
53,231,67153.2m shares reported held*
$12.0bnreported value*
166 new 302 added 188 reduced 58 sold out net bought ≈ $1.4bn (+6.1m 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 ($10.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $225.23. Options: 58 managers hold calls ($6.0bn notional), 60 hold puts ($6.1bn).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 390Q4 22: 432Q1 23: 488Q2 23: 529Q3 23: 560Q4 23: 668Q1 24: 775775Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022390
Q4 2022432
Q1 2023488
Q2 2023529
Q3 2023560
Q4 2023668
Q1 2024775

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 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 23Q1 24: 468 bought or addedQ1 24: 246 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022212203
Q1 2023272199
Q2 2023265225
Q3 2023283201
Q4 2023364216
Q1 2024468246

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bn$8bnQ2 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 1.34Q1 24 calls: $6.0bnQ1 24 puts: $6.1bnQ1 24P/C 1.02
Numbers
QuarterCallsPutsP/C
Q2 2023$1.8bn$3.0bn1.72
Q3 2023$2.0bn$2.5bn1.25
Q4 2023$2.6bn$3.5bn1.34
Q1 2024$6.0bn$6.1bn1.02

Biggest buyers

MORGAN STANLEY Added +2,191,187+2.2m
BNP PARIBAS FINANCIAL MARKETS Added +1,104,727+1.1m
JANE STREET GROUP, LLC Added +1,045,570+1.0m
BANK OF NOVA SCOTIA Added +579,399+579.4k
MOORE CAPITAL MANAGEMENT, LP New +472,200+472.2k
Migdal Insurance & Financial Holdings Ltd. New +450,000+450.0k
CITADEL ADVISORS LLC Added +367,851+367.9k
JPMORGAN CHASE & CO Added +355,872+355.9k
Cetera Investment Advisers Added +267,531+267.5k
LPL Financial LLC Added +260,259+260.3k

Biggest sellers

MEITAV INVESTMENT HOUSE LTD Reduced -497,958-498.0k
BANK OF AMERICA CORP /DE/ Reduced -441,402-441.4k
HIMENSION CAPITAL (SINGAPORE) PTE. LTD. Sold out -318,624-318.6k
CI INVESTMENTS INC. Reduced -277,829-277.8k
WOLVERINE TRADING, LLC Reduced -259,387-259.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -255,305-255.3k
Walleye Trading LLC Reduced -187,609-187.6k
Cetera Advisors LLC Sold out -173,574-173.6k
CAPITAL FUND MANAGEMENT S.A. Reduced -164,663-164.7k
TWO SIGMA ADVISERS, LP Sold out -131,336-131.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.6bn7.0m shares
CITADEL ADVISORS LLC Added $1.2bn5.4m shares
PEAK6 Investments LLC Added $742.3m3.3m shares
UBS Group AG Added $438.2m1.9m shares
ROYAL BANK OF CANADA Added $201.4m895.0k shares
Squarepoint Ops LLC Added $155.7m692.2k shares
MILLENNIUM MANAGEMENT LLC Reduced $138.7m616.4k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $131.7m585.5k shares
LMR Partners LLP Added $121.5m540.0k shares
BANK OF AMERICA CORP /DE/ Reduced $104.6m465.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.0bn4.5m shares
BANK OF AMERICA CORP /DE/ Added $1.0bn4.5m shares
BNP PARIBAS FINANCIAL MARKETS Reduced $927.9m41.2k shares
CITADEL ADVISORS LLC Added $850.6m3.8m shares
MILLENNIUM MANAGEMENT LLC Reduced $299.1m1.3m shares
Walleye Capital LLC Added $249.0m1.1m shares
CAPITAL FUND MANAGEMENT S.A. Reduced $148.5m660.1k shares
ROYAL BANK OF CANADA Reduced $138.9m617.4k shares
Twin Tree Management, LP New $136.1m605.1k shares
MARSHALL WACE, LLP New $126.4m556.5k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.20% of their portfolio CHARLOTTE, NC 8,994,4879.0m $2.0bn $2.0bn 0.20% Reduced -441.4k -441,402
2 JANE STREET GROUP, LLC 1.76% of their portfolio NEW YORK, NY 6,044,9326.0m $1.4bn $1.4bn 1.76% Added +1.0m +1,045,570
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 4,172,0614.2m $938.7m $938.7m 0.03% Added +2.2m +2,191,187
4 Fisher Asset Management, LLC 0.35% of their portfolio PLANO, TX 3,294,1753.3m $741.2m $741.2m 0.35% Reduced -116.7k -116,684
5 GOLDMAN SACHS GROUP INC 0.12% of their portfolio NEW YORK, NY 2,634,4222.6m $592.7m $592.7m 0.12% Added +27.4k +27,390
6 BNP PARIBAS FINANCIAL MARKETS 0.45% of their portfolio PARIS, I0 1,636,3641.6m $368.2m $368.2m 0.45% Added +1.1m +1,104,727
7 UBS Group AG 0.10% of their portfolio ZURICH, V8 1,362,5881.4m $306.6m $306.6m 0.10% Added +139.5k +139,530
8 LPL Financial LLC 0.16% of their portfolio FORT MILL, SC 1,348,3161.3m $303.4m $303.4m 0.16% Added +260.3k +260,259
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,261,1421.3m $283.7m $283.7m 0.01% Added +355.9k +355,872
10 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.88% of their portfolio TORONTO, A6 1,110,0001.1m $249.7m $249.7m 0.88% Unchanged
11 CI INVESTMENTS INC. 0.77% of their portfolio TORONTO, Z4 860,217860.2k $193.5m $193.5m 0.77% Reduced -277.8k -277,829
12 CITADEL ADVISORS LLC 0.17% of their portfolio MIAMI, FL 763,087763.1k $171.7m $171.7m 0.17% Added +367.9k +367,851
13 BANK OF NOVA SCOTIA 0.31% of their portfolio TORONTO, A6 692,234692.2k $155.7m $155.7m 0.31% Added +579.4k +579,399
14 Main Management ETF Advisors, LLC 7.99% of their portfolio SAN FRANCISCO, CA 672,180672.2k $151.2m $151.2m 7.99% Added +22.4k +22,440
15 Saudi Central Bank 14.19% of their portfolio Riyadh, T0 602,006602.0k $135.4m $135.4m 14.19% Unchanged
16 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 547,384547.4k $123.2m $123.2m 0.03% Added +143.7k +143,731
17 CANADA PENSION PLAN INVESTMENT BOARD 0.13% of their portfolio TORONTO ONTARIO, A6 540,000540.0k $121.5m $121.5m 0.13% Unchanged
18 CITIGROUP INC 0.12% of their portfolio NEW YORK, NY 510,623510.6k $114.9m $114.9m 0.12% Reduced -79.9k -79,868
19 MOORE CAPITAL MANAGEMENT, LP 2.18% of their portfolio NEW YORK, NY 472,200472.2k $106.2m $106.2m 2.18% New
20 Migdal Insurance & Financial Holdings Ltd. 1.62% of their portfolio Petach Tikva, L3 450,000450.0k $101.2m $101.2m 1.62% New
21 BlackRock Inc. 0.00% of their portfolio New York, NY 449,838449.8k $101.2m $101.2m 0.00% Added +90.8k +90,800
22 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.15% of their portfolio BALA CYNWYD, PA 433,441433.4k $97.5m $97.5m 0.15% Reduced -255.3k -255,305
23 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 402,937402.9k $90.7m $90.7m 0.02% Added +99.9k +99,941
24 Thrivent Financial for Lutherans 0.14% of their portfolio Minneapolis, MN 316,978317.0k $71.3m $71.3m 0.14% Reduced -58.4k -58,400
25 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 316,615316.6k $71.2m $71.2m 0.02% Added +47.4k +47,440
26 Raymond James Financial Services Advisors, Inc. 0.10% of their portfolio ST. PETERSBURG, FL 310,506310.5k $69.9m $69.9m 0.10% Added +15.3k +15,316
27 Squarepoint Ops LLC 0.28% of their portfolio NEW YORK, NY 296,461296.5k $66.7m $66.7m 0.28% Reduced -120.3k -120,313
28 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 295,550295.6k $66.5m $66.5m 0.07% Added +69.4k +69,371
29 Portfolio Strategies, Inc. 4.45% of their portfolio MONTVALE, NJ 291,403291.4k $65.5m $65.5m 4.45% Added +32.0k +31,981
30 Cetera Investment Advisers 0.15% of their portfolio SCHAUMBURG, IL 290,347290.3k $65.3m $65.3m 0.15% Added +267.5k +267,531
31 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 279,735279.7k $62.9m $62.9m 0.02% Added +105.0k +104,973
32 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 270,842270.8k $60.9m $60.9m 0.10% Added +89.2k +89,151
33 Main Management Fund Advisors LLC 12.04% of their portfolio SAN FRANCISCO, CA 263,300263.3k $59.2m $59.2m 12.04% Added +26.6k +26,600
34 Rockefeller Capital Management L.P. 0.17% of their portfolio NEW YORK, NY 251,396251.4k $56.6m $56.6m 0.17% Added +16.8k +16,767
35 Cambridge Investment Research Advisors, Inc. 0.22% of their portfolio FAIRFIELD, IA 249,578249.6k $56.2m $56.2m 0.22% Added +61.5k +61,531
36 Main Management LLC 4.64% of their portfolio SAN FRANCISCO, CA 241,517241.5k $54.3m $54.3m 4.64% Reduced -1.0k -1,039
37 MML INVESTORS SERVICES, LLC 0.22% of their portfolio SPRINGFIELD, MA 239,610239.6k $53.9m $53.9m 0.22% Added +25.2k +25,250
38 MEITAV INVESTMENT HOUSE LTD 1.03% of their portfolio BENE-BERAQ, L3 234,050234.1k $52.7m $52.7m 1.03% Reduced -498.0k -497,958
39 PRUDENTIAL PLC 0.40% of their portfolio LONDON, X0 216,379216.4k $48.7m $48.7m 0.40% Added +94.3k +94,279
40 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 215,102215.1k $48.4m $48.4m 0.11% Added +17.3k +17,325
41 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 186,526186.5k $42.0m $42.0m 0.03% Added +13.9k +13,874
42 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 176,439176.4k $39.7m $39.7m 0.03% Added +94.5k +94,522
43 CIBC WORLD MARKET INC. 0.09% of their portfolio TORONTO, A6 159,090159.1k $35.8m $35.8m 0.09% Added +17.4k +17,362
44 Cavalier Investments, LLC 12.58% of their portfolio ALPHARETTA, GA 153,205153.2k $34.5m $34.5m 12.58% Added +45.2k +45,185
45 Nan Shan Life Insurance Co., Ltd. 0.79% of their portfolio Taipei City, F5 150,138150.1k $33.8m $33.8m 0.79% Added +82.1k +82,114
46 Discovery Value Fund 11.07% of their portfolio SINGAPORE, U0 141,989142.0k $31.9m $31.9m 11.07% Added +55.7k +55,698
47 Moss Adams Wealth Advisors LLC 5.08% of their portfolio SEATTLE, WA 140,410140.4k $31.6m $31.6m 5.08% New
48 Diversified, LLC 4.31% of their portfolio Wilmington, DE 139,374139.4k $31.4m $31.4m 4.31% Reduced -28.9k -28,861
49 Walleye Capital LLC 0.33% of their portfolio NEW YORK, NY 135,898135.9k $30.6m $30.6m 0.33% New
50 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 132,515132.5k $29.8m $29.8m 0.03% Added +32.3k +32,270
51 Foundations Investment Advisors, LLC 0.78% of their portfolio PHOENIX, AZ 132,252132.3k $29.8m $29.8m 0.78% Added +7.2k +7,200
52 CSM Advisors, LLC 1.87% of their portfolio WARRENDALE, PA 126,200126.2k $28.4m $28.4m 1.87% New
53 NSI Retail Advisors, LLC 4.26% of their portfolio WARRENDALE, PA 126,200126.2k $28.4m $28.4m 4.26% New
54 Twin Tree Management, LP 0.63% of their portfolio DALLAS, TX 122,699122.7k $27.6m $27.6m 0.63% Added +29.7k +29,679
55 Aragon Global Management, LP 12.39% of their portfolio MIAMI, FL 122,630122.6k $27.6m $27.6m 12.39% Unchanged
56 NewEdge Wealth, LLC 0.57% of their portfolio STAMFORD, CT 119,091119.1k $25.3m $25.3m 0.57% Reduced -3.2k -3,196
57 LMR Partners LLP 0.61% of their portfolio LONDON, X0 105,341105.3k $23.7m $23.7m 0.61% New
58 Rezny Wealth Management, Inc. 6.01% of their portfolio Fort Myers, FL 92,31392.3k $20.8m $20.8m 6.01% Added +2.5k +2,550
59 Kestra Advisory Services, LLC 0.13% of their portfolio AUSTIN, TX 87,05387.1k $19.6m $19.6m 0.13% Added +26.8k +26,764
60 Brevan Howard Capital Management LP 1.73% of their portfolio ST. HELIER, Y9 84,59784.6k $19.0m $19.0m 1.73% New
61 Round Rock Advisors LLC 4.39% of their portfolio WILTON, CT 81,48581.5k $18.3m $18.3m 4.39% Reduced -3.5k -3,532
62 Miller Investment Management, LP 2.27% of their portfolio WEST CONSHOHOCKEN, PA 79,09879.1k $17.8m $17.8m 2.27% Added +604 +604
63 CAPITAL FUND MANAGEMENT S.A. 0.22% of their portfolio PARIS, I0 78,80278.8k $17.7m $17.7m 0.22% Reduced -164.7k -164,663
64 WESPAC Advisors SoCal, LLC 4.19% of their portfolio Pasadena, CA 71,24171.2k $16.0m $16.0m 4.19% Added +8.3k +8,338
65 RiverFront Investment Group, LLC 0.45% of their portfolio RICHMOND, VA 70,49670.5k $15.9m $15.9m 0.45% New
66 TD Waterhouse Canada Inc. 0.12% of their portfolio TORONTO, A6 68,81968.8k $16.4m $16.4m 0.12% Added +3.7k +3,748
67 Janney Montgomery Scott LLC 0.05% of their portfolio PHILADELPHIA, PA 68,19468.2k $15.3m $15.3m 0.05% Added +17.7k +17,672
68 HARBOUR INVESTMENTS, INC. 0.51% of their portfolio MADISON, WI 64,25064.2k $14.5m $14.5m 0.51% Added +6.9k +6,856
69 Rye Brook Capital LLC 8.18% of their portfolio GREENWICH, CT 62,00062.0k $13.9m $13.9m 8.18% Reduced -10.9k -10,900
70 BLAIR WILLIAM & CO/IL 0.04% of their portfolio CHICAGO, IL 61,68961.7k $13.9m $13.9m 0.04% Added +6.0k +6,009
71 Wealthfront Advisers LLC 0.05% of their portfolio Palo Alto, CA 61,49061.5k $13.8m $13.8m 0.05% Added +30.0k +30,035
72 Atria Wealth Solutions, Inc. 0.15% of their portfolio NEW YORK, NY 58,99259.0k $13.3m $13.3m 0.15% Added +25.4k +25,432
73 Lido Advisors, LLC 0.11% of their portfolio Los Angeles, CA 56,12456.1k $12.6m $12.6m 0.11% Added +1.7k +1,675
74 LYELL WEALTH MANAGEMENT, LP 1.28% of their portfolio MENLO PARK, CA 55,94455.9k $12.6m $12.6m 1.28% Reduced -2.4k -2,384
75 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 55,70955.7k $12.6m $12.6m 0.00% Reduced -120.5k -120,543
76 EDMOND DE ROTHSCHILD HOLDING S.A. 0.21% of their portfolio CHAMBESY, V8 55,55355.6k $12.5m $12.5m 0.21% Reduced -26.7k -26,683
77 TruWealth Advisors, LLC 0.86% of their portfolio Metairie, LA 54,69854.7k $12.3m $12.3m 0.86% New
78 RWQ Financial Management Services, Inc. 5.32% of their portfolio NAPLES, FL 54,43454.4k $12.2m $12.2m 5.32% Added +13.3k +13,308
79 Kozak & Associates, Inc. 3.39% of their portfolio HIGHLANDS RANCH, CO 54,31454.3k $12.6m $12.6m 3.39% Added +4.0k +4,034
80 IMC-Chicago, LLC 0.42% of their portfolio CHICAGO, IL 54,01054.0k $12.2m $12.2m 0.42% New
81 HAP Trading, LLC 3.76% of their portfolio NEW YORK, NY 53,89953.9k $12.1m $12.1m 3.76% New
82 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 53,67753.7k $12.1m $12.1m 0.02% Added +8.0k +8,039
83 TWO SIGMA SECURITIES, LLC 0.58% of their portfolio NEW YORK, NY 52,60652.6k $11.8m $11.8m 0.58% Added +45.6k +45,564
84 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 52,60352.6k $11.8m $11.8m 0.02% Added +32.5k +32,512
85 AGUR PROVIDENT & TRAINING FUNDS MANAGEMENT LTD 3.39% of their portfolio TEL AVIV, L3 52,00552.0k $11.1m $11.1m 3.39% Reduced -13.4k -13,370
86 Rothschild Capital Partners, LLC 3.39% of their portfolio NEW YORK, NY 51,81751.8k $11.7m $11.7m 3.39% Reduced -53 -53
87 Anfield Capital Management, LLC 5.49% of their portfolio IRVINE, CA 50,67250.7k $11.4m $11.4m 5.49% Reduced -8.9k -8,865
88 Cubist Systematic Strategies, LLC 0.13% of their portfolio STAMFORD, CT 50,28850.3k $11.3m $11.3m 0.13% New
89 EWG Elevate Inc. 4.18% of their portfolio ROSEVILLE, CA 48,85748.9k $11.0m $11.0m 4.18% New
90 Kraft, Davis & Associates, LLC 3.24% of their portfolio St. Louis, MO 47,83347.8k $10.8m $10.8m 3.24% Reduced -44.2k -44,160
91 Yarbrough Capital, LLC 0.46% of their portfolio FRANKLIN, TN 46,98847.0k $10.6m $10.6m 0.46% Unchanged
92 Horizon Wealth Management, LLC 2.74% of their portfolio LA GRANGE, IL 46,75346.8k $10.5m $10.5m 2.74% Reduced -11.6k -11,594
93 Fifth Third Securities, Inc. 1.00% of their portfolio Cincinnati, OH 45,58345.6k $10.3m $10.3m 1.00% Added +563 +563
94 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 45,55745.6k $10.2m $10.2m 0.02% Added +1.2k +1,247
95 INDEPENDENT FINANCIAL GROUP, LLC 0.47% of their portfolio SAN DIEGO, CA 45,24445.2k $10.2m $10.2m 0.47% Added +15.9k +15,869
96 PFG Advisors 0.73% of their portfolio Phoenix, AZ 44,25044.2k $10.0m $10.0m 0.73% Added +29.7k +29,718
97 ABSOLUTE CAPITAL MANAGEMENT, LLC 6.32% of their portfolio Pittsburgh, PA 44,11444.1k $9.9m $9.9m 6.32% New
98 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.07% of their portfolio VICTORIA, A1 43,00043.0k $9.7m $9.7m 0.07% New
99 SCOTIA CAPITAL INC. 0.06% of their portfolio TORONTO, A6 42,17242.2k $9.5m $9.5m 0.06% Added +1.5k +1,500
100 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 41,70641.7k $9.3m $9.3m 0.02% Added +9.5k +9,538