Vault-13

VANECK ETF TRUST PPH

PHARMACEUTCL ETF · ETP · CUSIP 92189F692

138 institutional holders -5 vs Q4 2024
5,864,1255.9m shares reported held*
$534.3mreported value*
18 new 36 added 50 reduced 24 sold out net sold ≈ $16.0m (-207.2k 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. Holder counts are more reliable. Implied quarter-end price ≈ $91.11. Options: 3 managers hold calls ($1.7m notional), 5 hold puts ($64.7m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 87Q4 22: 114Q1 23: 107Q2 23: 103Q3 23: 105Q4 23: 111Q1 24: 137Q2 24: 142Q3 24: 143Q4 24: 143Q1 25: 138138Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202287
Q4 2022114
Q1 2023107
Q2 2023103
Q3 2023105
Q4 2023111
Q1 2024137
Q2 2024142
Q3 2024143
Q4 2024143
Q1 2025138

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 50 bought or addedQ2 23: 47 cut or sold outQ3 23: 49 bought or addedQ3 23: 39 cut or sold outQ3 23Q4 23: 53 bought or addedQ4 23: 47 cut or sold outQ1 24: 73 bought or addedQ1 24: 43 cut or sold outQ1 24Q2 24: 73 bought or addedQ2 24: 55 cut or sold outQ3 24: 71 bought or addedQ3 24: 64 cut or sold outQ3 24Q4 24: 68 bought or addedQ4 24: 70 cut or sold outQ1 25: 54 bought or addedQ1 25: 74 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20235047
Q3 20234939
Q4 20235347
Q1 20247343
Q2 20247355
Q3 20247164
Q4 20246870
Q1 20255474

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ2 24 calls: $976.9kQ2 24 puts: $4.0mQ2 24P/C 4.13Q3 24 calls: $1.2mQ3 24 puts: $693.7kQ3 24P/C 0.58Q4 24 calls: $1.3mQ4 24 puts: $4.4mQ4 24P/C 3.49Q1 25 calls: $1.7mQ1 25 puts: $64.7mQ1 25P/C 38.81
Numbers
QuarterCallsPutsP/C
Q2 2024$976.9k$4.0m4.13
Q3 2024$1.2m$693.7k0.58
Q4 2024$1.3m$4.4m3.49
Q1 2025$1.7m$64.7m38.81

Biggest buyers

Fisher Asset Management, LLC New +1,278,700+1.3m
UBS Group AG Added +204,864+204.9k
Quadrature Capital Ltd Added +127,147+127.1k
BANK OF AMERICA CORP /DE/ Added +68,859+68.9k
Orion Portfolio Solutions, LLC Added +35,490+35.5k
ADAMSBROWN WEALTH CONSULTANTS LLC Added +25,271+25.3k
ROYAL BANK OF CANADA Added +23,491+23.5k
Fluent Financial, LLC New +16,923+16.9k
CITADEL ADVISORS LLC Added +12,875+12.9k
Canton Hathaway, LLC New +10,000+10.0k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -1,131,549-1.1m
Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) Sold out -200,000-200.0k
Thrivent Financial for Lutherans Sold out -153,063-153.1k
Federation des caisses Desjardins du Quebec Reduced -131,697-131.7k
TWO SIGMA INVESTMENTS, LP Reduced -94,200-94.2k
OSAIC HOLDINGS, INC. Reduced -42,770-42.8k
Hamilton Wealth, LLC Reduced -41,306-41.3k
Tower Research Capital LLC (TRC) Reduced -34,541-34.5k
Apollon Wealth Management, LLC Sold out -32,708-32.7k
Blue Chip Partners, LLC Sold out -24,786-24.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.2m13.1k shares
JANE STREET GROUP, LLC New $264.3k2.9k shares
CITADEL ADVISORS LLC Added $209.6k2.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $30.0m328.9k shares
J. Goldman & Co LP New $17.0m186.8k shares
DeepCurrents Investment Group LLC New $9.1m1.0k shares
CITADEL ADVISORS LLC Added $5.4m58.8k shares
JANE STREET GROUP, LLC New $3.3m35.7k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Fisher Asset Management, LLC 0.05% of their portfolio PLANO, TX 1,278,7001.3m $116.5m $116.5m 0.05% New
2 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,160,1721.2m $105.7m $105.7m 0.02% Reduced -1.1m -1,131,549
3 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.10% of their portfolio TORONTO, A6 512,000512.0k $46.7m $46.7m 0.10% Unchanged
4 Avalon Trust Co 2.06% of their portfolio SANTA FE, NM 283,685283.7k $25.9m $25.9m 2.06% Added +895 +895
5 J.Safra Asset Management Corp 1.99% of their portfolio NEW YORK, NY 268,826268.8k $24.5m $24.5m 1.99% Added +8.6k +8,559
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 222,007222.0k $20.2m $20.2m 0.00% Added +204.9k +204,864
7 Miller Investment Management, LP 1.91% of their portfolio WEST CONSHOHOCKEN, PA 189,634189.6k $17.3m $17.3m 1.91% Reduced -380 -380
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 178,096178.1k $16.2m $16.2m 0.00% Added +68.9k +68,859
9 ADAMSBROWN WEALTH CONSULTANTS LLC 5.01% of their portfolio WICHITA, KS 174,902174.9k $15.9m $15.9m 5.01% Added +25.3k +25,271
10 Quadrature Capital Ltd 0.27% of their portfolio LONDON, X0 135,786135.8k $12.4m $12.4m 0.27% Added +127.1k +127,147
11 Prime Capital Investment Advisors, LLC 0.14% of their portfolio OVERLAND PARK, KS 131,675131.7k $12.0m $12.0m 0.14% Added +4.9k +4,877
12 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 108,629108.6k $9.9m $9.9m 0.01% First filing
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 91,40191.4k $8.3m $8.3m 0.00% Reduced -10.5k -10,469
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 67,59667.6k $6.2m $6.2m 0.00% Added +23.5k +23,491
15 Orion Portfolio Solutions, LLC 0.03% of their portfolio Omaha, NE 65,37065.4k $5.8m $5.8m 0.03% Added +35.5k +35,490
16 Phoenix Financial Ltd. 0.08% of their portfolio Givatayim, L3 53,85953.9k $5.0m $5.0m 0.08% Added +2.4k +2,438
17 WT Wealth Management 1.53% of their portfolio SCOTTSDALE, AZ 51,69251.7k $4.7m $4.7m 1.53% Reduced -5.0k -4,998
18 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 50,47350.5k $4.6m $4.6m 0.01% Reduced -94.2k -94,200
19 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 48,48648.5k $4.4m $4.4m 0.00% Reduced -8.9k -8,887
20 Independent Advisor Alliance 0.14% of their portfolio CHARLOTTE, NC 46,31246.3k $4.2m $4.2m 0.14% Reduced -12.1k -12,086
21 AAFMAA Wealth Management & Trust LLC 1.74% of their portfolio FAYETTEVILLE, NC 41,95642.0k $3.8m $3.8m 1.74% Added +5.5k +5,537
22 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 41,41241.4k $3.8m $3.8m 0.00% Added +12.9k +12,875
23 Twelve Points Wealth Management LLC 0.94% of their portfolio CONCORD, MA 38,20738.2k $3.5m $3.5m 0.94% Reduced -4.1k -4,138
24 LEVEL FOUR ADVISORY SERVICES, LLC 0.14% of their portfolio DALLAS, TX 36,36336.4k $3.3m $3.3m 0.14% Added +4.3k +4,346
25 Orion Porfolio Solutions, LLC 0.03% of their portfolio OMAHA, NE 35,49035.5k $3.2m $3.2m 0.03% Added +5.6k +5,610
26 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 34,63034.6k $3.2m $3.2m 0.01% Reduced -3.2k -3,166
27 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 29,12729.1k $2.7m $2.7m 0.00% Added +10.0k +9,975
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 26,11126.1k $2.4m $2.4m 0.00% Reduced -18.0k -17,964
29 Aspen Grove Capital, LLC 0.45% of their portfolio AVON, CO 25,69425.7k $2.3m $2.3m 0.45% Unchanged
30 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 20,05420.1k $1.8m $1.8m 0.00% Added +4.7k +4,721
31 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 18,62618.6k $1.7m $1.7m 0.00% Added +660 +660
32 Fluent Financial, LLC 0.67% of their portfolio DALLAS, TX 16,92316.9k $1.5m $1.5m 0.67% New
33 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 16,16116.2k $1.5m $1.5m 0.01% Reduced -5.6k -5,577
34 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 15,58815.6k $1.4m $1.4m 0.00% Reduced -7.0k -6,989
35 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 14,01514.0k $1.3m $1.3m 0.01% Reduced -1.6k -1,649
36 IMC-Chicago, LLC 0.04% of their portfolio CHICAGO, IL 12,20412.2k $1.1m $1.1m 0.04% Added +1.8k +1,821
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 12,13312.1k $1.1m $1.1m 0.00% Reduced -42.8k -42,770
38 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 11,46211.5k $1.0m $1.0m 0.00% Added +61 +61
39 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 10,88310.9k $991.8k $991.8k 0.01% Reduced -2.3k -2,327
40 Canton Hathaway, LLC 0.18% of their portfolio PROVIDENCE, RI 10,00010.0k $911.0k $911.0k 0.18% New
41 NTV Asset Management LLC 0.11% of their portfolio Charleston, WV 9,1729.2k $835.9k $835.9k 0.11% Added +1.5k +1,463
42 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 9,1559.2k $834.3k $834.3k 0.00% Reduced -76 -76
43 Financial Freedom, LLC 0.47% of their portfolio CINCINNATI, OH 8,9919.0k $819.3k $819.3k 0.47% Reduced -1.5k -1,500
44 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 8,8738.9k $808.6k $808.6k 0.00% Added +607 +607
45 BURKE & HERBERT BANK & TRUST CO 0.19% of their portfolio ALEXANDRIA, VA 8,8658.9k $807.9k $807.9k 0.19% Unchanged
46 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 8,6988.7k $792.6k $792.6k 0.02% Added +4.0k +3,985
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,6668.7k $789.8k $789.8k 0.00% Reduced -2.6k -2,650
48 Peak Planning Group, LLC 0.33% of their portfolio CENTENNIAL, CO 8,6598.7k $789.1k $789.1k 0.33% Reduced -1.4k -1,415
49 Nova Wealth Management, Inc. 0.33% of their portfolio BONITA SPRINGS, FL 8,5708.6k $758.5k $758.5k 0.33% Added +3.9k +3,933
50 Dynamic Advisor Solutions LLC 0.02% of their portfolio PHOENIX, AZ 7,4477.4k $678.6k $678.6k 0.02% New
51 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 7,2377.2k $659.5k $659.5k 0.00% Added +5.6k +5,553
52 Tradition Wealth Management, LLC 0.05% of their portfolio EDINA, MN 6,4646.5k $589.1k $589.1k 0.05% Unchanged
53 Copia Wealth Management 0.52% of their portfolio BEND, OR 6,1626.2k $561.5k $561.5k 0.52% Reduced -457 -457
54 Belpointe Asset Management LLC 0.03% of their portfolio RENO, NV 5,7975.8k $528.3k $528.3k 0.03% New
55 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 5,7015.7k $519.5k $519.5k 0.02% Added +78 +78
56 TrueMark Investments, LLC 0.13% of their portfolio CHICAGO, IL 5,5795.6k $508.4k $508.4k 0.13% New
57 StoneX Group Inc. 0.03% of their portfolio NEW YORK, NY 5,2215.2k $475.8k $475.8k 0.03% Reduced -1.6k -1,619
58 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 5,0595.1k $461.0k $461.0k 0.00% Added +1.0k +1,015
59 Conservest Capital Advisors, Inc. 0.05% of their portfolio WYNNEWOOD, PA 5,0515.1k $460.3k $460.3k 0.05% Unchanged
60 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 4,9975.0k $455.4k $455.4k 0.00% Reduced -781 -781
61 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 4,8554.9k $442.0k $442.0k 0.00% Reduced -200 -200
62 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 4,7684.8k $435.0k $435.0k 0.02% New
63 WARNER FINANCIAL, INC 0.19% of their portfolio BETHESDA, MD 4,6084.6k $420.0k $420.0k 0.19% Unchanged
64 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 4,4884.5k $389.5k $389.5k 0.01% Reduced -875 -875
65 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 4,4484.4k $405.3k $405.3k 0.00% Added +350 +350
66 Telos Capital Management, Inc. 0.04% of their portfolio SAN DIEGO, CA 4,4244.4k $403.2k $403.2k 0.04% Reduced -27 -27
67 LEUTHOLD GROUP, LLC 0.05% of their portfolio MINNEAPOLIS, MN 4,3034.3k $392.1k $392.1k 0.05% New
68 Investment Partners Asset Management, Inc. 0.30% of their portfolio METUCHEN, NJ 4,2314.2k $385.6k $385.6k 0.30% Reduced -75 -75
69 Stratos Wealth Advisors, LLC 0.02% of their portfolio BEACHWOOD, OH 4,0974.1k $373.4k $373.4k 0.02% Reduced -10.1k -10,095
70 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 4,0564.1k $369.7k $369.7k 0.01% Added +532 +532
71 BANK HAPOALIM BM 0.05% of their portfolio TEL AVIV, L3 4,0434.0k $368.0k $368.0k 0.05% Reduced -100 -100
72 Buska Wealth Management, LLC 0.11% of their portfolio WAUSAU, WI 4,0264.0k $366.9k $366.9k 0.11% Reduced -1.4k -1,450
73 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 3,8003.8k $346.3k $346.3k 0.00% Unchanged
74 Hamilton Wealth, LLC 0.08% of their portfolio LOS ANGELES, CA 3,6783.7k $335.2k $335.2k 0.08% Reduced -41.3k -41,306
75 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 3,5933.6k $327.4k $327.4k 0.00% Unchanged
76 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 3,5093.5k $319.8k $319.8k 0.01% New
77 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 3,4113.4k $310.9k $310.9k 0.00% Reduced -19.6k -19,628
78 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 3,3893.4k $309.0k $309.0k 0.00% Reduced -32 -32
79 D L CARLSON INVESTMENT GROUP INC 0.06% of their portfolio CONCORD, NH 3,2383.2k $295.1k $295.1k 0.06% Reduced -179 -179
80 TWO SIGMA SECURITIES, LLC 0.04% of their portfolio NEW YORK, NY 3,1983.2k $291.4k $291.4k 0.04% New
81 Elm3 Financial Group, LLC 0.25% of their portfolio ALPHARETTA, GA 3,1303.1k $285.2k $285.2k 0.25% Reduced -622 -622
82 KCM INVESTMENT ADVISORS LLC 0.01% of their portfolio GREENBRAE, CA 2,9232.9k $266.4k $266.4k 0.01% Unchanged
83 GSA CAPITAL PARTNERS LLP 0.02% of their portfolio LONDON, X0 2,8512.9k $260.0k $260.0k 0.02% Reduced -231 -231
84 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 2,8502.9k $258.3k $258.3k 0.00% Reduced -2.9k -2,854
85 CERTUITY, LLC 0.03% of their portfolio NORTH PALM BEACH, FL 2,7912.8k $254.3k $254.3k 0.03% New
86 Atria Wealth Solutions, Inc. 0.00% of their portfolio NEW YORK, NY 2,7392.7k $249.6k $249.6k 0.00% Reduced -785 -785
87 U.S. Capital Wealth Advisors, LLC 0.01% of their portfolio AUSTIN, TX 2,6002.6k $236.9k $236.9k 0.01% New
88 SAPIENT CAPITAL LLC 0.00% of their portfolio INDIANAPOLIS, IN 2,5882.6k $235.8k $235.8k 0.00% New
89 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 2,4592.5k $224.0k $224.0k 0.00% Reduced -300 -300
90 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 2,4282.4k $221.3k $221.3k 0.00% Unchanged
91 Inscription Capital, LLC 0.04% of their portfolio HOUSTON, TX 2,4002.4k $217.7k $217.7k 0.04% First filing
92 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 2,3802.4k $216.0k $216.0k 0.00% Reduced -3.2k -3,198
93 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 2,3702.4k $216.0k $216.0k 0.00% New
94 CREATIVE FINANCIAL DESIGNS INC /ADV 0.01% of their portfolio KOKOMO, IN 1,8021.8k $164.2k $164.2k 0.01% Added +1.3k +1,294
95 FMR LLC 0.00% of their portfolio BOSTON, MA 1,5001.5k $136.7k $136.7k 0.00% Reduced -473 -473
96 HHM Wealth Advisors, LLC 0.02% of their portfolio CHATTANOOGA, TN 1,3501.4k $123.0k $123.0k 0.02% New
97 North Star Investment Management Corp. 0.01% of their portfolio CHICAGO, IL 1,1081.1k $101.0k $101.0k 0.01% Unchanged
98 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 1,0461.0k $95.3k $95.3k 0.00% Added +567 +567
99 DecisionPoint Financial, LLC 0.03% of their portfolio MESA, AZ 1,0001.0k $91.1k $91.1k 0.03% Unchanged
100 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 999999 $91.0k $91.0k 0.00% Reduced -57 -57