Vault-13

VANECK ETF TRUST PPH

PHARMACEUTCL ETF · ETP · CUSIP 92189F692

149 institutional holders +1 vs Q1 2026
6,222,0606.2m shares reported held*
$680.6mreported value*
18 new 49 added 55 reduced 16 sold out net sold ≈ $149.8m (-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. Holder counts are more reliable. Implied quarter-end price ≈ $109.38. Options: 3 managers hold calls ($3.1m notional), 1 hold puts ($459.3k).

Trends to Q2 2026

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: 138Q2 25: 129Q3 25: 126Q4 25: 146Q1 26: 148Q2 26: 149149Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202287
Q4 2022114
Q1 2023107
Q2 2023103
Q3 2023105
Q4 2023111
Q1 2024137
Q2 2024142
Q3 2024143
Q4 2024143
Q1 2025138
Q2 2025129
Q3 2025126
Q4 2025146
Q1 2026148
Q2 2026149

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 71 bought or addedQ3 24: 64 cut or sold outQ4 24: 68 bought or addedQ4 24: 70 cut or sold outQ4 24Q1 25: 54 bought or addedQ1 25: 74 cut or sold outQ2 25: 59 bought or addedQ2 25: 65 cut or sold outQ2 25Q3 25: 59 bought or addedQ3 25: 62 cut or sold outQ4 25: 75 bought or addedQ4 25: 65 cut or sold outQ4 25Q1 26: 66 bought or addedQ1 26: 65 cut or sold outQ2 26: 67 bought or addedQ2 26: 71 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20247164
Q4 20246870
Q1 20255474
Q2 20255965
Q3 20255962
Q4 20257565
Q1 20266665
Q2 20266771

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 25 calls: $3.6mQ3 25 puts: $53.7mQ3 25P/C 14.98Q4 25 calls: $7.6mQ4 25 puts: $5.3mQ4 25P/C 0.71Q1 26 calls: $602.5kQ1 26 puts: $11.0mQ1 26P/C 18.24Q2 26 calls: $3.1mQ2 26 puts: $459.3kQ2 26P/C 0.15
Numbers
QuarterCallsPutsP/C
Q3 2025$3.6m$53.7m14.98
Q4 2025$7.6m$5.3m0.71
Q1 2026$602.5k$11.0m18.24
Q2 2026$3.1m$459.3k0.15

Biggest buyers

MORGAN STANLEY Added +850,470+850.5k
UBS Group AG Added +462,792+462.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +197,450+197.4k
GOLDMAN SACHS GROUP INC Added +192,862+192.9k
CITIGROUP INC Added +98,980+99.0k
Rye Brook Capital LLC New +67,330+67.3k
Fluent Financial, LLC New +38,992+39.0k
JPMORGAN CHASE & CO Added +32,583+32.6k
Qube Research & Technologies Ltd Added +18,291+18.3k
J.Safra Asset Management Corp Added +8,835+8.8k

Biggest sellers

JANE STREET GROUP, LLC Reduced -808,238-808.2k
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sold out -545,207-545.2k
Employees Retirement System of Texas Sold out -531,600-531.6k
Tower Research Capital LLC (TRC) Reduced -273,149-273.1k
ROYAL BANK OF CANADA Reduced -265,531-265.5k
BNP PARIBAS FINANCIAL MARKETS Reduced -198,400-198.4k
GTS SECURITIES LLC Reduced -165,483-165.5k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -159,000-159.0k
FLOW TRADERS U.S. LLC Reduced -73,665-73.7k
BANK OF AMERICA CORP /DE/ Reduced -63,910-63.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.9m17.2k shares
Greenland Capital Management LP New $820.1k7.5k shares
CITADEL ADVISORS LLC New $437.4k4.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $459.3k4.2k 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 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,178,9741.2m $128.9m $128.9m 0.01% Added +192.9k +192,862
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,028,3171.0m $112.4m $112.4m 0.01% Added +850.5k +850,470
3 UBS Group AG 0.01% of their portfolio ZURICH, V8 517,756517.8k $56.6m $56.6m 0.01% Added +462.8k +462,792
4 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio TORONTO, A6 402,000402.0k $44.0m $44.0m 0.06% Reduced -159.0k -159,000
5 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 350,600350.6k $38.3m $38.3m 0.02% Reduced -198.4k -198,400
6 J.Safra Asset Management Corp 1.61% of their portfolio NEW YORK, NY 319,636319.6k $35.0m $35.0m 1.61% Added +8.8k +8,835
7 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 318,604318.6k $34.8m $34.8m 0.02% Added +99.0k +98,980
8 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 281,661281.7k $30.8m $30.8m 0.03% Added +197.4k +197,450
9 Avalon Trust Co 1.77% of their portfolio SANTA FE, NM 263,830263.8k $28.8m $28.8m 1.77% Reduced -3.9k -3,870
10 ADAMSBROWN WEALTH CONSULTANTS LLC 3.18% of their portfolio WICHITA, KS 154,114154.1k $16.9m $16.9m 3.18% Added +5.3k +5,303
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 118,058118.1k $12.9m $12.9m 0.00% Added +5.8k +5,818
12 Miller Investment Management, LP 1.00% of their portfolio WEST CONSHOHOCKEN, PA 100,256100.3k $11.0m $11.0m 1.00% Reduced -33.7k -33,682
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 95,47095.5k $10.4m $10.4m 0.00% Reduced -265.5k -265,531
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 79,69979.7k $8.7m $8.7m 0.00% Reduced -63.9k -63,910
15 Rye Brook Capital LLC 5.16% of their portfolio GREENWICH, CT 67,33067.3k $7.4m $7.4m 5.16% New
16 WT Wealth Management 1.63% of their portfolio SCOTTSDALE, AZ 53,78653.8k $5.9m $5.9m 1.63% Added +3.4k +3,402
17 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 46,53646.5k $5.1m $5.1m 0.01% Added +18.3k +18,291
18 Prime Capital Investment Advisors, LLC 0.05% of their portfolio OVERLAND PARK, KS 42,49042.5k $4.6m $4.6m 0.05% Reduced -50.4k -50,427
19 Fluent Financial, LLC 1.52% of their portfolio DALLAS, TX 38,99239.0k $4.3m $4.3m 1.52% New
20 GTS SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 36,94236.9k $4.0m $4.0m 0.09% Reduced -165.5k -165,483
21 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 36,29236.3k $4.0m $4.0m 0.00% Reduced -1.1k -1,100
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 36,11236.1k $4.0m $4.0m 0.00% Added +32.6k +32,583
23 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 33,17133.2k $3.6m $3.6m 0.00% Reduced -33.9k -33,915
24 Tower Research Capital LLC (TRC) 0.08% of their portfolio NEW YORK, NY 31,35031.4k $3.4m $3.4m 0.08% Reduced -273.1k -273,149
25 AAFMAA Wealth Management & Trust LLC 0.94% of their portfolio FAYETTEVILLE, NC 24,72124.7k $2.7m $2.7m 0.94% Added +1.2k +1,212
26 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 22,86322.9k $2.5m $2.5m 0.00% Added +2.7k +2,732
27 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 21,56321.6k $2.4m $2.4m 0.02% Reduced -676 -676
28 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 21,54621.5k $2.4m $2.4m 0.00% Added +904 +904
29 Cassady Wealth & Retirement Planning, LLC 0.96% of their portfolio HENDERSON, NV 18,86318.9k $2.1m $2.1m 0.96% Added +1.8k +1,804
30 Phoenix Financial Ltd. 0.01% of their portfolio Givatayim, L3 16,05216.1k $1.8m $1.8m 0.01% Unchanged
31 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 15,61015.6k $1.7m $1.7m 0.00% Added +1.4k +1,433
32 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 14,62414.6k $1.6m $1.6m 0.00% Reduced -524 -524
33 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 14,20714.2k $1.6m $1.6m 0.00% Reduced -36.9k -36,883
34 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 14,04814.0k $1.5m $1.5m 0.01% Reduced -194 -194
35 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 13,19913.2k $1.4m $1.4m 0.00% Reduced -9.4k -9,424
36 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 12,95413.0k $1.4m $1.4m 0.01% Added +1.1k +1,084
37 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 12,49812.5k $1.4m $1.4m 0.00% Added +156 +156
38 Avior Wealth Management, LLC 0.03% of their portfolio OMAHA, NE 11,59211.6k $1.3m $1.3m 0.03% Added +2.0k +1,965
39 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 10,82110.8k $1.2m $1.2m 0.00% Reduced -1.0k -1,021
40 ARQ WEALTH ADVISORS, LLC 0.14% of their portfolio SCOTTSDALE, AZ 10,67410.7k $1.2m $1.2m 0.14% Added +1.6k +1,644
41 Belpointe Asset Management LLC 0.04% of their portfolio RENO, NV 10,22910.2k $1.1m $1.1m 0.04% Added +2.2k +2,175
42 Canton Hathaway, LLC 0.21% of their portfolio PROVIDENCE, RI 10,00010.0k $1.1m $1.1m 0.21% Unchanged
43 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 9,5539.6k $1.0m $1.0m 0.02% Reduced -18 -18
44 Aspen Grove Capital, LLC 0.15% of their portfolio AVON, CO 9,4529.5k $1.0m $1.0m 0.15% Reduced -9.2k -9,224
45 Peak Planning Group, LLC 0.23% of their portfolio CENTENNIAL, CO 9,1879.2k $1.0m $1.0m 0.23% Added +287 +287
46 Financial Freedom, LLC 0.44% of their portfolio CINCINNATI, OH 8,7238.7k $953.9k $953.9k 0.44% Added +22 +22
47 FLOW TRADERS U.S. LLC 0.04% of their portfolio NEW YORK, NY 8,7068.7k $952.0k $952.0k 0.04% Reduced -73.7k -73,665
48 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,5788.6k $938.0k $938.0k 0.00% Added +5.0k +4,970
49 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 8,5678.6k $936.8k $936.8k 0.01% Added +2.5k +2,452
50 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 8,4698.5k $926.0k $926.0k 0.01% Added +22 +22
51 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 8,2858.3k $906.7k $906.7k 0.00% Reduced -2.0k -2,009
52 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 8,2818.3k $905.5k $905.5k 0.00% Reduced -170 -170
53 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 7,8607.9k $859.5k $859.5k 0.00% New
54 TWO SIGMA SECURITIES, LLC 0.07% of their portfolio NEW YORK, NY 7,7707.8k $849.6k $849.6k 0.07% Reduced -14.3k -14,291
55 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 7,5017.5k $820.2k $820.2k 0.01% Reduced -797 -797
56 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 7,3987.4k $809.0k $809.0k 0.00% Reduced -9.6k -9,646
57 LEUTHOLD GROUP, LLC 0.08% of their portfolio MINNEAPOLIS, MN 7,0977.1k $776.1k $776.1k 0.08% Reduced -368 -368
58 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 6,4526.5k $705.6k $705.6k 0.00% Reduced -119 -119
59 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 6,3366.3k $692.8k $692.8k 0.00% Added +948 +948
60 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 6,3296.3k $692.1k $692.1k 0.01% Added +3.1k +3,072
61 NTV Asset Management LLC 0.06% of their portfolio Charleston, WV 5,8195.8k $636.3k $636.3k 0.06% Added +104 +104
62 WARNER FINANCIAL, INC 0.18% of their portfolio BETHESDA, MD 5,7455.7k $628.2k $628.2k 0.18% Added +47 +47
63 Telos Capital Management, Inc. 0.05% of their portfolio SAN DIEGO, CA 5,5925.6k $611.5k $611.5k 0.05% Reduced -379 -379
64 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 5,3735.4k $587.5k $587.5k 0.01% Added +255 +255
65 Tradition Wealth Management, LLC 0.04% of their portfolio EDINA, MN 5,3645.4k $586.6k $586.6k 0.04% Reduced -700 -700
66 Cherry Creek Investment Advisors, Inc. 0.23% of their portfolio ENGLEWOOD, CO 5,2665.3k $575.9k $575.9k 0.23% Reduced -8.6k -8,558
67 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 5,1505.2k $563.2k $563.2k 0.00% New
68 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 4,9615.0k $542.5k $542.5k 0.00% Reduced -173 -173
69 Hudock, Inc. 0.07% of their portfolio Williamsport, PA 4,8644.9k $531.9k $531.9k 0.07% Added +47 +47
70 Fortis Capital Advisors, LLC 0.06% of their portfolio PRAIRIE VILLAGE, KS 4,7314.7k $517.3k $517.3k 0.06% New
71 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 4,4334.4k $484.7k $484.7k 0.01% Reduced -123 -123
72 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 4,1554.2k $454.3k $454.3k 0.01% Added +615 +615
73 Investment Partners Asset Management, Inc. 0.25% of their portfolio METUCHEN, NJ 4,0854.1k $446.7k $446.7k 0.25% Unchanged
74 BURKE & HERBERT BANK & TRUST CO 0.10% of their portfolio ALEXANDRIA, VA 3,8603.9k $422.1k $422.1k 0.10% Reduced -160 -160
75 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 3,8303.8k $418.8k $418.8k 0.00% New
76 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,5923.6k $392.8k $392.8k 0.00% Added +851 +851
77 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 3,5923.6k $392.8k $392.8k 0.00% Added +4 +4
78 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,5593.6k $389.1k $389.1k 0.00% Reduced -1.3k -1,314
79 Conservest Capital Advisors, Inc. 0.03% of their portfolio WYNNEWOOD, PA 3,4003.4k $371.8k $371.8k 0.03% Unchanged
80 Blue Chip Partners, LLC 0.02% of their portfolio FARMINGTON HILLS, MI 3,3763.4k $369.1k $369.1k 0.02% Reduced -513 -513
81 FMR LLC 0.00% of their portfolio BOSTON, MA 3,3413.3k $365.4k $365.4k 0.00% Added +857 +857
82 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 3,3353.3k $364.7k $364.7k 0.00% Added +600 +600
83 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 3,3153.3k $362.5k $362.5k 0.00% Reduced -24.7k -24,706
84 Financial Partners Group, Inc 0.04% of their portfolio Overland Park, KS 3,3103.3k $361.9k $361.9k 0.04% Reduced -20 -20
85 Value Investment Professionals, LLC 0.30% of their portfolio NEW YORK, NY 3,3003.3k $360.9k $360.9k 0.30% New
86 Copia Wealth Management 0.21% of their portfolio BEND, OR 3,1963.2k $349.5k $349.5k 0.21% Reduced -214 -214
87 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 3,0613.1k $334.7k $334.7k 0.00% Reduced -808.2k -808,238
88 Mesirow Financial Investment Management, Inc. 0.01% of their portfolio CHICAGO, IL 2,9603.0k $323.7k $323.7k 0.01% Unchanged
89 KCM INVESTMENT ADVISORS LLC 0.01% of their portfolio GREENBRAE, CA 2,8732.9k $314.2k $314.2k 0.01% Unchanged
90 CERTUITY, LLC 0.02% of their portfolio NORTH PALM BEACH, FL 2,8042.8k $306.7k $306.7k 0.02% Added +22 +22
91 STRATEGY ASSET MANAGERS LLC 0.04% of their portfolio PASADENA, CA 2,4332.4k $266.0k $266.0k 0.04% Added +492 +492
92 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 2,4202.4k $264.6k $264.6k 0.01% Added +6 +6
93 LEVEL FOUR ADVISORY SERVICES, LLC 0.01% of their portfolio DALLAS, TX 2,4182.4k $264.5k $264.5k 0.01% Reduced -174 -174
94 Elm3 Financial Group, LLC 0.18% of their portfolio ALPHARETTA, GA 2,3932.4k $261.6k $261.6k 0.18% Reduced -65 -65
95 Westside Investment Management, Inc. 0.03% of their portfolio SANTA MONICA, CA 2,3512.4k $257.1k $257.1k 0.03% Unchanged
96 BANK HAPOALIM BM 0.02% of their portfolio TEL AVIV, L3 2,2992.3k $251.0k $251.0k 0.02% Reduced -174 -174
97 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 2,1582.2k $236.0k $236.0k 0.00% New
98 Turtle Creek Wealth Advisors, LLC 0.01% of their portfolio DALLAS, TX 2,0002.0k $218.7k $218.7k 0.01% Unchanged
99 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 1,8921.9k $207.0k $207.0k 0.00% Reduced -1.1k -1,050
100 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 1,8131.8k $198.3k $198.3k 0.00% Added +1.3k +1,300