Vault-13

VANECK ETF TRUST BBH

BIOTECH ETF · ETP · CUSIP 92189F726

112 institutional holders -2 vs Q1 2026
695,236695.2k shares reported held*
$131.8mreported value*
10 new 19 added 32 reduced 10 sold out net sold ≈ $837.1k (-24.0k 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 ($335.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $189.67. Options: 3 managers hold calls ($1.8m notional), 3 hold puts ($873.9k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 102Q4 22: 118Q1 23: 113Q2 23: 111Q3 23: 110Q4 23: 116Q1 24: 113Q2 24: 117Q3 24: 116Q4 24: 116Q1 25: 106Q2 25: 99Q3 25: 106Q4 25: 112Q1 26: 114Q2 26: 112112Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022102
Q4 2022118
Q1 2023113
Q2 2023111
Q3 2023110
Q4 2023116
Q1 2024113
Q2 2024117
Q3 2024116
Q4 2024116
Q1 2025106
Q2 202599
Q3 2025106
Q4 2025112
Q1 2026114
Q2 2026112

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 27 bought or addedQ3 24: 38 cut or sold outQ4 24: 36 bought or addedQ4 24: 45 cut or sold outQ4 24Q1 25: 20 bought or addedQ1 25: 53 cut or sold outQ2 25: 24 bought or addedQ2 25: 42 cut or sold outQ2 25Q3 25: 25 bought or addedQ3 25: 42 cut or sold outQ4 25: 42 bought or addedQ4 25: 41 cut or sold outQ4 25Q1 26: 35 bought or addedQ1 26: 37 cut or sold outQ2 26: 29 bought or addedQ2 26: 42 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242738
Q4 20243645
Q1 20252053
Q2 20252442
Q3 20252542
Q4 20254241
Q1 20263537
Q2 20262942

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 25 calls: $232.0kQ3 25 puts: $745.6kQ3 25P/C 3.21Q4 25 calls: $757.0kQ4 25 puts: $2.3mQ4 25P/C 3.02Q1 26 calls: $2.4mQ1 26 puts: $1.2mQ1 26P/C 0.49Q2 26 calls: $1.8mQ2 26 puts: $873.9kQ2 26P/C 0.49
Numbers
QuarterCallsPutsP/C
Q3 2025$232.0k$745.6k3.21
Q4 2025$757.0k$2.3m3.02
Q1 2026$2.4m$1.2m0.49
Q2 2026$1.8m$873.9k0.49

Biggest buyers

GFS Advisors, LLC Added +25,325+25.3k
Integrated Wealth Concepts LLC Added +11,196+11.2k
MORGAN STANLEY Added +6,658+6.7k
Equitable Holdings, Inc. New +5,239+5.2k
Corient Private Wealth LP Added +4,190+4.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +3,966+4.0k
LPL Financial LLC Added +3,580+3.6k
NORTHERN TRUST CORP New +1,477+1.5k
Cambridge Investment Research Advisors, Inc. Added +1,401+1.4k
Value Investment Professionals, LLC New +1,361+1.4k

Biggest sellers

Ascent Advisors, LLC Sold out -59,450-59.5k
BANK OF AMERICA CORP /DE/ Reduced -6,142-6.1k
ATLAS CAPITAL ADVISORS INC. Sold out -5,450-5.5k
CITADEL ADVISORS LLC Reduced -4,051-4.1k
RAYMOND JAMES FINANCIAL INC Reduced -3,941-3.9k
Aspen Grove Capital, LLC Reduced -2,397-2.4k
AMERIPRISE FINANCIAL INC Reduced -1,593-1.6k
Paragon Private Wealth Management, LLC Reduced -1,452-1.5k
Independent Advisor Alliance Sold out -1,356-1.4k
CIBC WORLD MARKET INC. Sold out -1,112-1.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m6.5k shares
CITADEL ADVISORS LLC Reduced $284.5k1.4k shares
Belvedere Trading LLC Reduced $182.9k900 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $304.9k1.5k shares
Belvedere Trading LLC Added $304.9k1.5k shares
CITADEL ADVISORS LLC New $264.2k1.3k 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 0.00% of their portfolio NEW YORK, NY 102,020102.0k $20.7m $20.7m 0.00% Reduced -59 -59
2 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 65,61965.6k $13.3m $13.3m 0.00% Reduced -3.9k -3,941
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 60,19660.2k $12.2m $12.2m 0.00% Reduced -6.1k -6,142
4 GFS Advisors, LLC 0.00% of their portfolio HOUSTON, TX 46,96547.0k $7.1k $7.1k 0.00% Added +25.3k +25,325
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 39,57439.6k $8.0m $8.0m 0.00% Added +6.7k +6,658
6 Miller Investment Management, LP 0.71% of their portfolio WEST CONSHOHOCKEN, PA 38,22638.2k $7.8m $7.8m 0.71% Reduced -736 -736
7 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 33,24433.2k $6.8m $6.8m 0.00% Added +423 +423
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 30,13130.1k $6.1m $6.1m 0.00% Added +3.6k +3,580
9 Conservest Capital Advisors, Inc. 0.32% of their portfolio WYNNEWOOD, PA 19,76519.8k $4.0m $4.0m 0.32% Reduced -511 -511
10 Bleakley Financial Group, LLC 0.04% of their portfolio PARSIPPANY, NJ 16,26016.3k $3.3m $3.3m 0.04% Added +837 +837
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 15,80915.8k $3.2m $3.2m 0.00% Reduced -784 -784
12 Paragon Private Wealth Management, LLC 0.74% of their portfolio LEXINGTON, KY 13,91613.9k $2.8m $2.8m 0.74% Reduced -1.5k -1,452
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 13,40313.4k $2.7m $2.7m 0.00% Reduced -440 -440
14 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 12,27812.3k $2.5m $2.5m 0.01% Added +11.2k +11,196
15 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 11,86211.9k $2.4m $2.4m 0.00% Unchanged
16 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 11,02211.0k $2.2m $2.2m 0.00% Added +982 +982
17 ALTFEST L J & CO INC 0.17% of their portfolio NEW YORK, NY 8,7068.7k $1.8m $1.8m 0.17% Added +199 +199
18 Institute for Wealth Management, LLC. 0.13% of their portfolio DENVER, CO 7,4397.4k $1.5m $1.5m 0.13% Unchanged
19 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 7,4357.4k $1.5m $1.5m 0.00% Added +135 +135
20 PEAPACK GLADSTONE FINANCIAL CORP 0.02% of their portfolio BEDMINSTER, NJ 6,5886.6k $1.3m $1.3m 0.02% Reduced -615 -615
21 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 6,5456.5k $1.3m $1.3m 0.00% Added +4.0k +3,966
22 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 5,9846.0k $1.2m $1.2m 0.00% Reduced -1.0k -1,020
23 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 5,6005.6k $1.1m $1.1m 0.00% Reduced -500 -500
24 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 5,5435.5k $1.1m $1.1m 0.00% Reduced -10 -10
25 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,4635.5k $1.1m $1.1m 0.00% Reduced -4.1k -4,051
26 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 5,2755.3k $1.1m $1.1m 0.00% Added +4.2k +4,190
27 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 5,2395.2k $1.1m $1.1m 0.01% New
28 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 4,9585.0k $1.0m $1.0m 0.00% Reduced -1.6k -1,593
29 CIBC Bancorp USA Inc. 0.00% of their portfolio CHICAGO, IL 4,9585.0k $1.0m $1.0m 0.00% Unchanged
30 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 4,5914.6k $933.0k $933.0k 0.00% Reduced -78 -78
31 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 4,4604.5k $896.8k $896.8k 0.00% Added +389 +389
32 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 4,0004.0k $812.9k $812.9k 0.00% Reduced -42 -42
33 Navis Wealth Advisors, LLC 0.31% of their portfolio RYE BROOK, NY 3,9984.0k $812.6k $812.6k 0.31% Unchanged
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,9323.9k $801.1k $801.1k 0.00% Reduced -127 -127
35 Pacific Sun Financial Corp 0.31% of their portfolio LOS ANGELES, CA 3,6963.7k $751.2k $751.2k 0.31% Reduced -430 -430
36 ASPIRIANT, LLC 0.02% of their portfolio San Francisco, CA 3,3473.3k $680.2k $680.2k 0.02% Unchanged
37 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,2223.2k $654.9k $654.9k 0.00% Reduced -183 -183
38 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 3,0403.0k $618.0k $618.0k 0.00% Unchanged
39 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 2,6742.7k $544.0k $544.0k 0.00% Added +1.4k +1,401
40 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.00% of their portfolio IRVING, TX 2,5222.5k $512.5k $512.5k 0.00% Unchanged
41 Aspen Grove Capital, LLC 0.07% of their portfolio AVON, CO 2,5222.5k $512.6k $512.6k 0.07% Reduced -2.4k -2,397
42 FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio BOSTON, MA 2,5092.5k $509.9k $509.9k 0.02% Added +160 +160
43 Williams Jones Wealth Management, LLC. 0.00% of their portfolio NEW YORK, NY 2,0002.0k $406.5k $406.5k 0.00% Unchanged
44 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 1,9512.0k $396.5k $396.5k 0.00% Reduced -104 -104
45 Pine Valley Investments Ltd Liability Co 0.02% of their portfolio MARLTON, NJ 1,9501.9k $396.3k $396.3k 0.02% Unchanged
46 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 1,6501.6k $335.3k $335.3k 0.00% Reduced -66 -66
47 FMR LLC 0.00% of their portfolio BOSTON, MA 1,6031.6k $325.9k $325.9k 0.00% Reduced -2 -2
48 Blue Fin Capital, Inc. 0.05% of their portfolio Warren, RI 1,5441.5k $313.8k $313.8k 0.05% Unchanged
49 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,4771.5k $300.2k $300.2k 0.00% New
50 Forum Finance Group S.A. 0.09% of their portfolio GENEVA, V8 1,4451.4k $237.0k $237.0k 0.09% Unchanged
51 Banque Cantonale Vaudoise 0.01% of their portfolio LAUSANNE, V8 1,4371.4k $292.0k $292.0k 0.01% Reduced -95 -95
52 Hummer Financial Advisory Services Inc 0.19% of their portfolio Chicago, IL 1,4101.4k $286.6k $286.6k 0.19% Unchanged
53 Value Investment Professionals, LLC 0.23% of their portfolio NEW YORK, NY 1,3611.4k $276.6k $276.6k 0.23% New
54 Plan A Wealth LLC 0.12% of their portfolio LINCOLN, NE 1,3601.4k $276.4k $276.4k 0.12% Reduced -61 -61
55 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 1,3001.3k $264.2k $264.2k 0.00% Unchanged
56 Cyndeo Wealth Partners, LLC 0.01% of their portfolio ST. PETERSBURG, FL 1,3001.3k $264.2k $264.2k 0.01% Unchanged
57 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 1,2631.3k $256.7k $256.7k 0.00% Added +12 +12
58 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 1,1501.1k $233.7k $233.7k 0.00% Unchanged
59 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 1,1431.1k $232.3k $232.3k 0.00% Unchanged
60 Robertson Stephens Wealth Management, LLC 0.01% of their portfolio San Francisco, CA 1,1271.1k $229.1k $229.1k 0.01% Reduced -275 -275
61 Belvedere Trading LLC 0.02% of their portfolio CHICAGO, IL 1,1121.1k $226.0k $226.0k 0.02% Added +506 +506
62 PHILADELPHIA TRUST CO 0.01% of their portfolio PHILADELPHIA, PA 1,1001.1k $224.0k $224.0k 0.01% Unchanged
63 Focus Financial Network, Inc. 0.01% of their portfolio MINNEAPOLIS, MN 1,0871.1k $220.9k $220.9k 0.01% Unchanged
64 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0061.0k $204.6k $204.6k 0.00% Added +133 +133
65 HOWARD WEALTH MANAGEMENT, LLC 0.08% of their portfolio Madison, CT 1,0061.0k $204.5k $204.5k 0.08% New
66 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 900900 $182.9k $182.9k 0.00% Unchanged
67 Continuum Advisory, LLC 0.01% of their portfolio EAGLE, ID 880880 $178.8k $178.8k 0.01% New
68 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 800800 $162.6k $162.6k 0.00% Unchanged
69 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 702702 $142.8k $142.8k 0.00% Reduced -152 -152
70 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 700700 $142.3k $142.3k 0.00% Unchanged
71 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 675675 $137.2k $137.2k 0.00% Unchanged
72 Integrity Financial Corp /WA 0.06% of their portfolio JACKSON, WY 664664 $134.9k $134.9k 0.06% Unchanged
73 IFG Advisory, LLC 0.00% of their portfolio ATLANTA, GA 509509 $103.4k $103.4k 0.00% New
74 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 486486 $98.8k $98.8k 0.00% Unchanged
75 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 371371 $75.4k $75.4k 0.00% New
76 LFA - Lugano Financial Advisors SA 0.04% of their portfolio LUGANO, V8 310310 $63.0k $63.0k 0.04% Unchanged
77 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 305305 $62.0k $62.0k 0.00% Added +17 +17
78 Manchester Capital Management LLC 0.01% of their portfolio MANCHESTER, VT 300300 $61.0k $61.0k 0.01% Unchanged
79 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 287287 $58.3k $58.3k 0.00% Unchanged
80 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 225225 $45.7k $45.7k 0.00% Unchanged
81 Truvestments Capital LLC 0.01% of their portfolio SARASOTA, FL 220220 $44.7k $44.7k 0.01% Unchanged
82 Tidemark, LLC 0.01% of their portfolio SAN DIEGO, CA 207207 $42.1k $42.1k 0.01% Unchanged
83 North Star Investment Management Corp. 0.00% of their portfolio CHICAGO, IL 204204 $41.5k $41.5k 0.00% Unchanged
84 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 199199 $40.4k $40.4k 0.00% Reduced -1.0k -1,047
85 Caldwell Trust Co 0.00% of their portfolio Venice, FL 192192 $39.0k $39.0k 0.00% Unchanged
86 Coastline Trust Co 0.00% of their portfolio PROVIDENCE, RI 190190 $38.6k $38.6k 0.00% Unchanged
87 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 190190 $38.6k $38.6k 0.00% Unchanged
88 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 169169 $34.3k $34.3k 0.00% New
89 BlackRock, Inc. 0.00% of their portfolio New York, NY 165165 $33.5k $33.5k 0.00% Unchanged
90 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 154154 $31.3k $31.3k 0.00% Reduced -28 -28
91 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 154154 $31.4k $31.4k 0.00% First filing
92 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 120120 $24.4k $24.4k 0.00% Reduced -306 -306
93 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 113113 $23.0k $23.0k 0.00% Unchanged
94 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 100100 $21.0k $21.0k 0.00% Unchanged
95 Founders Capital Management 0.01% of their portfolio HOUSTON, TX 100100 $20.3k $20.3k 0.01% Unchanged
96 Financial Perspectives, Inc 0.00% of their portfolio MINNEAPOLIS, MN 8888 $17.9k $17.9k 0.00% Unchanged
97 Sankala Group LLC 0.01% of their portfolio LYONS, CO 8484 $19.0k $19.0k 0.01% Added +17 +17
98 HighMark Wealth Management LLC 0.01% of their portfolio ST. PAUL, MN 8080 $16.3k $16.3k 0.01% Unchanged
99 1 NORTH WEALTH SERVICES LLC 0.01% of their portfolio ANNAPOLIS, MD 7979 $16.0k $16.0k 0.01% Unchanged
100 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 7070 $14.2k $14.2k 0.00% Unchanged