Vault-13

VANECK ETF TRUST SMH

SEMICONDUCTR ETF · ETP · CUSIP 92189F676 · ISIN US92189F6768

1,553 institutional holders +251 vs Q1 2026
58,244,23458.2m shares reported held*
$38.0bnreported value*
315 new 498 added 486 reduced 69 sold out net bought ≈ $5.0bn (+5.5m 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 ($46.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $652.96. Options: 64 managers hold calls ($30.7bn notional), 130 hold puts ($93.0bn).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 390Q4 22: 432Q1 23: 488Q2 23: 529Q3 23: 560Q4 23: 668Q1 24: 775Q2 24: 859Q3 24: 882Q4 24: 970Q1 25: 921Q2 25: 1,018Q3 25: 1,062Q4 25: 1,209Q1 26: 1,302Q2 26: 1,5531,553Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022390
Q4 2022432
Q1 2023488
Q2 2023529
Q3 2023560
Q4 2023668
Q1 2024775
Q2 2024859
Q3 2024882
Q4 2024970
Q1 2025921
Q2 20251,018
Q3 20251,062
Q4 20251,209
Q1 20261,302
Q2 20261,553

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 24: 477 bought or addedQ3 24: 340 cut or sold outQ4 24: 486 bought or addedQ4 24: 343 cut or sold outQ4 24Q1 25: 441 bought or addedQ1 25: 449 cut or sold outQ2 25: 534 bought or addedQ2 25: 395 cut or sold outQ2 25Q3 25: 537 bought or addedQ3 25: 385 cut or sold outQ4 25: 618 bought or addedQ4 25: 403 cut or sold outQ4 25Q1 26: 655 bought or addedQ1 26: 461 cut or sold outQ2 26: 813 bought or addedQ2 26: 555 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024477340
Q4 2024486343
Q1 2025441449
Q2 2025534395
Q3 2025537385
Q4 2025618403
Q1 2026655461
Q2 2026813555

Calls vs puts

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

CallsPuts
$0$25bn$50bn$75bn$100bnQ3 25 calls: $7.8bnQ3 25 puts: $13.9bnQ3 25P/C 1.78Q4 25 calls: $8.5bnQ4 25 puts: $16.1bnQ4 25P/C 1.90Q1 26 calls: $9.0bnQ1 26 puts: $21.7bnQ1 26P/C 2.40Q2 26 calls: $30.7bnQ2 26 puts: $93.0bnQ2 26P/C 3.03
Numbers
QuarterCallsPutsP/C
Q3 2025$7.8bn$13.9bn1.78
Q4 2025$8.5bn$16.1bn1.90
Q1 2026$9.0bn$21.7bn2.40
Q2 2026$30.7bn$93.0bn3.03

Biggest buyers

GOLDMAN SACHS GROUP INC Added +3,316,040+3.3m
BARCLAYS PLC Added +1,169,938+1.2m
Jasper Ridge Partners, L.P. New +1,117,575+1.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,110,008+1.1m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +820,000+820.0k
Cerity Partners OCIO LLC New +577,281+577.3k
BNP PARIBAS FINANCIAL MARKETS Added +544,776+544.8k
Focus Partners Wealth Added +495,245+495.2k
Quadrature Capital Ltd New +347,669+347.7k
PRUDENTIAL PLC Added +318,842+318.8k

Biggest sellers

Oasis Advisors, LLC Reduced -2,127,327-2.1m
MORGAN STANLEY Reduced -1,388,334-1.4m
BANK OF AMERICA CORP /DE/ Reduced -902,168-902.2k
Hel Ved Capital Management Ltd Sold out -536,200-536.2k
JPMORGAN CHASE & CO Reduced -522,067-522.1k
MENORA MIVTACHIM HOLDINGS LTD. Reduced -417,160-417.2k
RENAISSANCE TECHNOLOGIES LLC Sold out -369,487-369.5k
Squarepoint Ops LLC Sold out -351,287-351.3k
MEITAV INVESTMENT HOUSE LTD Reduced -291,940-291.9k
D. E. Shaw & Co., Inc. Sold out -199,461-199.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.9bn15.0m shares
CITADEL ADVISORS LLC Added $4.9bn7.5m shares
JANE STREET GROUP, LLC Added $3.3bn5.0m shares
CTC LLC Added $2.3bn35.1k shares
GOLDMAN SACHS GROUP INC Added $1.5bn2.3m shares
Belvedere Trading LLC Added $1.5bn2.3m shares
BNP PARIBAS FINANCIAL MARKETS Added $1.3bn19.5k shares
LMR Partners LLP New $992.2m1.5m shares
MILLENNIUM MANAGEMENT LLC Reduced $653.7m996.7k shares
Squarepoint Ops LLC Added $591.4m901.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $18.9bn28.8m shares
CITADEL ADVISORS LLC Added $11.6bn17.6m shares
GOLDMAN SACHS GROUP INC Added $11.5bn17.5m shares
JANE STREET GROUP, LLC Added $9.7bn14.7m shares
BARCLAYS PLC Added $6.2bn9.5m shares
NOMURA HOLDINGS INC Added $3.4bn5.3m shares
CTC LLC Added $3.3bn50.1k shares
Belvedere Trading LLC Added $2.8bn4.3m shares
BNP PARIBAS FINANCIAL MARKETS Added $2.6bn39.7k shares
COMPASS ROSE ASSET MANAGEMENT, LP New $2.6bn3.9m 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.40% of their portfolio CHARLOTTE, NC 9,557,3019.6m $6.3bn $6.3bn 0.40% Reduced -902.2k -902,168
2 MORGAN STANLEY 0.14% of their portfolio NEW YORK, NY 4,074,5384.1m $2.7bn $2.7bn 0.14% Reduced -1.4m -1,388,334
3 GOLDMAN SACHS GROUP INC 0.27% of their portfolio NEW YORK, NY 3,960,8364.0m $2.6bn $2.6bn 0.27% Added +3.3m +3,316,040
4 LPL Financial LLC 0.43% of their portfolio FORT MILL, SC 2,887,5672.9m $1.9bn $1.9bn 0.43% Added +62.9k +62,867
5 BNP PARIBAS FINANCIAL MARKETS 0.57% of their portfolio PARIS, I0 1,677,2901.7m $1.1bn $1.1bn 0.57% Added +544.8k +544,776
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.91% of their portfolio BALA CYNWYD, PA 1,568,8301.6m $1.0bn $1.0bn 0.91% Added +1.1m +1,110,008
7 BARCLAYS PLC 0.28% of their portfolio LONDON, X0 1,360,7811.4m $892.5m $892.5m 0.28% Added +1.2m +1,169,938
8 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 1,297,2181.3m $819.8m $819.8m 0.05% Reduced -522.1k -522,067
9 UBS Group AG 0.13% of their portfolio ZURICH, V8 1,294,4211.3m $849.0m $849.0m 0.13% Reduced -48.3k -48,280
10 Jasper Ridge Partners, L.P. 15.63% of their portfolio MENLO PARK, CA 1,117,5751.1m $733.0m $733.0m 15.63% New
11 Migdal Insurance & Financial Holdings Ltd. 4.17% of their portfolio Petach Tikva, L3 992,691992.7k $651.1m $651.1m 4.17% Added +232.2k +232,244
12 WELLS FARGO & COMPANY/MN 0.11% of their portfolio SAN FRANCISCO, CA 980,517980.5k $643.1m $643.1m 0.11% Added +61.5k +61,544
13 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.86% of their portfolio TORONTO, A6 920,000920.0k $603.4m $603.4m 0.86% Added +820.0k +820,000
14 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 844,815844.8k $554.1m $554.1m 0.09% Added +288.5k +288,543
15 CITIGROUP INC 0.25% of their portfolio NEW YORK, NY 820,261820.3k $538.0m $538.0m 0.25% Reduced -114.1k -114,094
16 Clal Insurance Enterprises Holdings Ltd 2.35% of their portfolio Tel-aviv, L3 795,000795.0k $521.4m $521.4m 2.35% Added +225.0k +225,000
17 MENORA MIVTACHIM HOLDINGS LTD. 1.99% of their portfolio Ramat Gan, L3 779,200779.2k $511.1m $511.1m 1.99% Reduced -417.2k -417,160
18 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 739,031739.0k $484.7m $484.7m 0.11% Reduced -7.2k -7,187
19 RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio ST. PETERSBURG, FL 634,630634.6k $416.2m $416.2m 0.11% Added +13.6k +13,647
20 MEITAV INVESTMENT HOUSE LTD 2.71% of their portfolio BENE-BERAQ, L3 613,486613.5k $402.4m $402.4m 2.71% Reduced -291.9k -291,940
21 Saudi Central Bank 4.39% of their portfolio Riyadh, T0 602,006602.0k $335.0m $335.0m 4.39% Unchanged
22 Focus Partners Wealth 0.40% of their portfolio ST LOUIS, MO 588,682588.7k $386.1m $386.1m 0.40% Added +495.2k +495,245
23 Cerity Partners OCIO LLC 19.16% of their portfolio New York, NY 577,281577.3k $378.6m $378.6m 19.16% New
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.19% of their portfolio MILWAUKEE, WI 539,026539.0k $353.5m $353.5m 0.19% Added +3.7k +3,745
25 Cetera Investment Advisers 0.31% of their portfolio SCHAUMBURG, IL 522,174522.2k $342.5m $342.5m 0.31% Added +10.6k +10,551
26 PRUDENTIAL PLC 2.05% of their portfolio LONDON, X0 472,312472.3k $309.8m $309.8m 2.05% Added +318.8k +318,842
27 RiverFront Investment Group, LLC 3.83% of their portfolio RICHMOND, VA 441,124441.1k $289.3m $289.3m 3.83% Added +13.8k +13,770
28 Cambridge Investment Research Advisors, Inc. 0.31% of their portfolio FAIRFIELD, IA 410,793410.8k $269.4m $269.4m 0.31% Added +217.1k +217,096
29 JANE STREET GROUP, LLC 0.16% of their portfolio NEW YORK, NY 384,578384.6k $252.2m $252.2m 0.16% Added +292.8k +292,777
30 OSAIC HOLDINGS, INC. 0.28% of their portfolio SCOTTSDALE, AZ 357,849357.8k $234.9m $234.9m 0.28% Added +39.6k +39,583
31 Quadrature Capital Ltd 1.95% of their portfolio LONDON, X0 347,669347.7k $228.0m $228.0m 1.95% New
32 Harel Insurance Investments & Financial Services Ltd. 1.11% of their portfolio Ramat Gan, L3 347,156347.2k $227.7m $227.7m 1.11% Reduced -187.1k -187,112
33 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 297,998298.0k $195.7m $195.7m 0.04% Reduced -64.1k -64,138
34 Balyasny Asset Management L.P. 0.35% of their portfolio Chicago, IL 293,759293.8k $192.7m $192.7m 0.35% Added +271.0k +271,028
35 Rockefeller Capital Management L.P. 0.29% of their portfolio NEW YORK, NY 283,483283.5k $185.9m $185.9m 0.29% Reduced -20.1k -20,050
36 MML INVESTORS SERVICES, LLC 0.38% of their portfolio SPRINGFIELD, MA 282,670282.7k $185.4m $185.4m 0.38% Added +23.9k +23,941
37 SCHRODER INVESTMENT MANAGEMENT GROUP 0.11% of their portfolio London, X0 254,408254.4k $160.8m $160.8m 0.11% New
38 JONES FINANCIAL COMPANIES LLLP 0.06% of their portfolio DES PERES, MO 239,789239.8k $146.7m $146.7m 0.06% Added +46.3k +46,338
39 MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 203,071203.1k $133.2m $133.2m 0.09% New
40 Howard Capital Management, LLC 1.54% of their portfolio Alpharetta, GA 197,200197.2k $129.3m $129.3m 1.54% Unchanged
41 COMMONWEALTH EQUITY SERVICES, LLC 0.16% of their portfolio WALTHAM, MA 189,914189.9k $124.6m $124.6m 0.16% Added +2.3k +2,256
42 Portfolio Strategies, Inc. 11.29% of their portfolio MONTVALE, NJ 175,468175.5k $115.1m $115.1m 11.29% Added +12.2k +12,177
43 Woodline Partners LP 0.35% of their portfolio San Francisco, CA 172,111172.1k $112.9m $112.9m 0.35% Added +134.9k +134,888
44 BlueCrest Capital Management Ltd 4.68% of their portfolio ST HELIER, Y9 167,000167.0k $109.5m $109.5m 4.68% Added +159.5k +159,500
45 Private Advisor Group, LLC 0.49% of their portfolio MORRISTOWN, NJ 164,599164.6k $108.0m $108.0m 0.49% Added +1.5k +1,499
46 Mirae Asset Global Investments Co., Ltd. 0.20% of their portfolio SEOUL, M5 159,429159.4k $104.6m $104.6m 0.20% Reduced -51.2k -51,231
47 MIRAE ASSET SECURITIES (USA) INC. 4.40% of their portfolio NEW YORK, NY 150,502150.5k $98.7m $98.7m 4.40% New
48 Kestra Advisory Services, LLC 0.29% of their portfolio AUSTIN, TX 137,546137.5k $90.2m $90.2m 0.29% Reduced -7.8k -7,812
49 SG Americas Securities, LLC 0.05% of their portfolio NEW YORK, NY 131,286131.3k $86.1m $86.1m 0.05% Added +60.5k +60,498
50 Fisher Asset Management, LLC 0.02% of their portfolio PLANO, TX 126,330126.3k $82.9m $82.9m 0.02% Reduced -18.2k -18,245
51 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 124,202124.2k $81.5m $81.5m 0.07% Reduced -14.0k -14,014
52 LMR Partners LLP 0.60% of their portfolio LONDON, X0 123,731123.7k $81.2m $81.2m 0.60% Added +123.7k +123,730
53 NewEdge Wealth, LLC 0.81% of their portfolio STAMFORD, CT 122,260122.3k $80.2m $80.2m 0.81% Added +1.4k +1,366
54 Moss Adams Wealth Advisors LLC 4.94% of their portfolio SEATTLE, WA 120,494120.5k $79.0m $79.0m 4.94% Reduced -53.0k -52,972
55 Holocene Advisors, LP 0.18% of their portfolio New York, NY 120,000120.0k $78.7m $78.7m 0.18% New
56 Wealthspire Advisors, LLC 0.43% of their portfolio NEW YORK, NY 119,562119.6k $78.4m $78.4m 0.43% Added +113.4k +113,440
57 Wealthfront Advisers LLC 0.15% of their portfolio Palo Alto, CA 118,496118.5k $77.7m $77.7m 0.15% Added +20.1k +20,125
58 BlackRock, Inc. 0.00% of their portfolio New York, NY 112,988113.0k $74.1m $74.1m 0.00% Reduced -6.3k -6,265
59 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 105,839105.8k $69.4m $69.4m 0.03% Added +3.1k +3,140
60 Janney Montgomery Scott LLC 0.13% of their portfolio PHILADELPHIA, PA 103,763103.8k $68.1m $68.1m 0.13% Added +5.0k +5,030
61 TRB Advisors LP 28.17% of their portfolio NEW YORK, NY 100,000100.0k $65.6m $65.6m 28.17% New
62 Spider Management Company, LLC 16.10% of their portfolio RICHMOND, VA 97,74497.7k $64.1m $64.1m 16.10% Added +52.6k +52,645
63 Miller Investment Management, LP 5.72% of their portfolio WEST CONSHOHOCKEN, PA 95,53095.5k $62.7m $62.7m 5.72% Added +623 +623
64 SBI Securities Co., Ltd. 1.39% of their portfolio TOKYO, M0 93,49393.5k $61.3m $61.3m 1.39% Added +59.6k +59,573
65 Rezny Wealth Management, Inc. 10.52% of their portfolio Fort Myers, FL 92,79892.8k $60.9m $60.9m 10.52% Added +1.5k +1,516
66 Elo Mutual Pension Insurance Co 0.78% of their portfolio ESPOO, H9 92,56092.6k $60.7m $60.7m 0.78% New
67 Thrivent Financial for Lutherans 0.10% of their portfolio Minneapolis, MN 92,51692.5k $60.7m $60.7m 0.10% Reduced -14.7k -14,736
68 Jain Global LLC 0.69% of their portfolio NEW YORK, NY 89,89489.9k $59.0m $59.0m 0.69% New
69 CIBC WORLD MARKET INC. 0.09% of their portfolio TORONTO, A6 85,73585.7k $56.2m $56.2m 0.09% Added +48.3k +48,307
70 Concurrent Investment Advisors, LLC 0.48% of their portfolio Tampa, FL 85,04885.0k $55.8m $55.8m 0.48% Reduced -3.6k -3,640
71 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 2.27% of their portfolio Tel Aviv, L3 84,28784.3k $55.3m $55.3m 2.27% Reduced -29.8k -29,754
72 Round Rock Advisors LLC 7.11% of their portfolio WILTON, CT 84,20984.2k $55.2m $55.2m 7.11% Reduced -2.6k -2,583
73 Bouchey Financial Group, Ltd. 3.50% of their portfolio TROY, NY 82,57782.6k $54.2m $54.2m 3.50% Added +754 +754
74 Yarbrough Capital, LLC 1.59% of their portfolio FRANKLIN, TN 81,14881.1k $53.2m $53.2m 1.59% Unchanged
75 ASSETMARK, INC 0.09% of their portfolio CONCORD, CA 80,31280.3k $52.7m $52.7m 0.09% Added +2.2k +2,225
76 Cornerstone Advisors, LLC 1.73% of their portfolio ASHEVILLE, NC 80,17780.2k $52.6m $52.6m 1.73% Reduced -97.3k -97,318
77 FMR LLC 0.00% of their portfolio BOSTON, MA 79,27879.3k $52.0m $52.0m 0.00% Added +2.3k +2,258
78 LYELL WEALTH MANAGEMENT, LP 3.06% of their portfolio MENLO PARK, CA 76,15276.2k $49.9m $49.9m 3.06% Reduced -1.8k -1,753
79 EP Wealth Advisors, LLC 0.18% of their portfolio TORRANCE, CA 73,01973.0k $47.9m $47.9m 0.18% Added +4.7k +4,666
80 Equitable Holdings, Inc. 0.28% of their portfolio NEW YORK, NY 72,23872.2k $47.4m $47.4m 0.28% Added +14.1k +14,115
81 PARK AVENUE SECURITIES LLC 0.29% of their portfolio NEW YORK, NY 71,83471.8k $47.1m $47.1m 0.29% Added +11.3k +11,317
82 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 70,46070.5k $27.0m $27.0m 0.03% Unchanged
83 NewEdge Advisors, LLC 0.14% of their portfolio NEW ORLEANS, LA 69,96470.0k $45.9m $45.9m 0.14% Added +2.1k +2,080
84 Performance Wealth Partners, LLC 1.14% of their portfolio HINSDALE, IL 69,83569.8k $45.8m $45.8m 1.14% New
85 GREAT VALLEY ADVISOR GROUP, INC. 0.69% of their portfolio WILMINGTON, DE 66,40966.4k $43.6m $43.6m 0.69% Added +1.3k +1,281
86 Summit Financial, LLC 0.48% of their portfolio PARSIPPANY, NJ 66,15566.2k $43.4m $43.4m 0.48% Reduced -14.8k -14,751
87 Navigation Group, LLC 8.37% of their portfolio REDWOOD CITY, CA 65,57565.6k $43.0m $43.0m 8.37% Reduced -1.8k -1,836
88 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 65,26765.3k $42.8m $42.8m 0.04% Added +8.2k +8,209
89 ADAPT Investment Managers SA 9.50% of their portfolio Geneva, V8 63,91163.9k $41.9m $41.9m 9.50% New
90 Principle Wealth Partners LLC 2.03% of their portfolio MADISON, CT 62,78862.8k $41.2m $41.2m 2.03% Added +5.9k +5,939
91 INDEPENDENT FINANCIAL GROUP, LLC 0.76% of their portfolio SAN DIEGO, CA 62,33962.3k $40.9m $40.9m 0.76% Added +3.6k +3,588
92 Nan Shan Life Insurance Co., Ltd. 1.27% of their portfolio Taipei City, F5 61,87961.9k $40.6m $40.6m 1.27% Added +25.5k +25,492
93 Parker Investment Management, LLC 4.90% of their portfolio Menlo Park, CA 61,74561.7k $40.5m $40.5m 4.90% Reduced -13.4k -13,420
94 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 61,20361.2k $40.1m $40.1m 0.06% Added +13.8k +13,770
95 Kraft, Davis & Associates, LLC 7.42% of their portfolio St. Louis, MO 60,20860.2k $35.5m $35.5m 7.42% Reduced -13.5k -13,459
96 M & L Capital Management Ltd 10.48% of their portfolio LONDON, X0 59,10059.1k $38.8m $38.8m 10.48% New
97 Daiichi Life Insurance Co., Ltd. 0.88% of their portfolio TOKYO, M0 57,63257.6k $37.8m $37.8m 0.88% New
98 Centiva Capital, LP 1.25% of their portfolio New York, NY 56,68456.7k $37.2m $37.2m 1.25% New
99 Pine Ridge Advisers LLC 2.28% of their portfolio NEW YORK, NY 56,47556.5k $37.0m $37.0m 2.28% Reduced -11.8k -11,760
100 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.20% of their portfolio IRVING, TX 56,37756.4k $37.0m $37.0m 0.20% Added +802 +802