Vault-13

VANECK ETF TRUST VNM

VANECK VIETNAM · ETP · CUSIP 92189F817

106 institutional holders +8 vs Q3 2025
8,326,9608.3m shares reported held*
$158.9mreported value*
23 new 27 added 25 reduced 19 sold out net bought ≈ $17.6m (+922.1k 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 ≈ $19.08. Options: 0 managers hold calls (— notional), 1 hold puts ($261.4k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 87Q4 22: 95Q1 23: 105Q2 23: 103Q3 23: 111Q4 23: 106Q1 24: 109Q2 24: 97Q3 24: 90Q4 24: 81Q1 25: 79Q2 25: 86Q3 25: 98Q4 25: 106106Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202287
Q4 202295
Q1 2023105
Q2 2023103
Q3 2023111
Q4 2023106
Q1 2024109
Q2 202497
Q3 202490
Q4 202481
Q1 202579
Q2 202586
Q3 202598
Q4 2025106

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 24: 48 bought or addedQ1 24: 46 cut or sold outQ2 24: 38 bought or addedQ2 24: 45 cut or sold outQ2 24Q3 24: 28 bought or addedQ3 24: 43 cut or sold outQ4 24: 23 bought or addedQ4 24: 41 cut or sold outQ4 24Q1 25: 34 bought or addedQ1 25: 30 cut or sold outQ2 25: 36 bought or addedQ2 25: 35 cut or sold outQ2 25Q3 25: 41 bought or addedQ3 25: 39 cut or sold outQ4 25: 50 bought or addedQ4 25: 44 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244846
Q2 20243845
Q3 20242843
Q4 20242341
Q1 20253430
Q2 20253635
Q3 20254139
Q4 20255044

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $187.3kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $0Q4 25 puts: $261.4kQ4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$187.3k$00.00
Q4 2025$0$261.4k—

Biggest buyers

MORGAN STANLEY Added +755,701+755.7k
CacheTech Inc. Added +416,279+416.3k
Adams Wealth Management Added +392,744+392.7k
Black Swift Group, LLC Added +204,410+204.4k
Elo Mutual Pension Insurance Co New +150,000+150.0k
CITIGROUP INC Added +130,079+130.1k
Bleakley Financial Group, LLC Added +127,882+127.9k
Arrowpoint Investment Partners (Singapore) Pte. Ltd. New +123,564+123.6k
Arizona PSPRS Trust New +106,757+106.8k
MILLENNIUM MANAGEMENT LLC Added +88,903+88.9k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -444,464-444.5k
JPMORGAN CHASE & CO Reduced -313,790-313.8k
UBS Group AG Reduced -272,028-272.0k
JANE STREET GROUP, LLC Sold out -162,783-162.8k
D. E. Shaw & Co., Inc. Sold out -134,666-134.7k
Centiva Capital, LP Sold out -128,106-128.1k
Polymer Capital Management (HK) LTD Sold out -116,467-116.5k
Symmetry Investments LP Sold out -111,100-111.1k
Financially Speaking Inc Sold out -98,475-98.5k
Schonfeld Strategic Advisors LLC Sold out -84,071-84.1k

Biggest calls

None

Biggest puts

CITADEL ADVISORS LLC New $261.4k13.7k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,027,3951.0m $19.6m $19.6m 0.00% Added +755.7k +755,701
2 CacheTech Inc. 2.73% of their portfolio LOGAN, UT 773,222773.2k $14.8m $14.8m 2.73% Added +416.3k +416,279
3 Adams Wealth Management 3.01% of their portfolio LOGAN, UT 739,568739.6k $14.1m $14.1m 3.01% Added +392.7k +392,744
4 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 448,688448.7k $8.6m $8.6m 0.00% Reduced -313.8k -313,790
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 381,633381.6k $7.3m $7.3m 0.00% Reduced -444.5k -444,464
6 Black Swift Group, LLC 1.01% of their portfolio BOULDER, CO 317,090317.1k $6.1m $6.1m 1.01% Added +204.4k +204,410
7 JOHN G ULLMAN & ASSOCIATES INC 0.74% of their portfolio CORNING, NY 291,174291.2k $5.6m $5.6m 0.74% Reduced -8.5k -8,500
8 Man Group plc 0.01% of their portfolio LONDON, X0 271,212271.2k $5.2m $5.2m 0.01% Reduced -12.1k -12,088
9 Bleakley Financial Group, LLC 0.09% of their portfolio PARSIPPANY, NJ 259,882259.9k $5.0m $5.0m 0.09% Added +127.9k +127,882
10 Quadrature Capital Ltd 0.05% of their portfolio LONDON, X0 251,692251.7k $4.8m $4.8m 0.05% Reduced -23.9k -23,942
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 230,930230.9k $4.4m $4.4m 0.00% Reduced -272.0k -272,028
12 BCWM, LLC 1.23% of their portfolio OVERLAND PARK, KS 214,661214.7k $4.1m $4.1m 1.23% Added +2.9k +2,851
13 Pekin Hardy Strauss, Inc. 0.33% of their portfolio CHICAGO, IL 187,070187.1k $3.6m $3.6m 0.33% Added +74.7k +74,725
14 Harvest Fund Management Co., Ltd 0.12% of their portfolio BEIJING, F4 172,500172.5k $3.3m $3.3m 0.12% Reduced -5.0k -5,000
15 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 170,000170.0k $3.2m $3.2m 0.00% Added +130.1k +130,079
16 Elo Mutual Pension Insurance Co 0.04% of their portfolio ESPOO, H9 150,000150.0k $2.9m $2.9m 0.04% New
17 Artisan Partners Limited Partnership 0.00% of their portfolio Milwaukee, WI 149,057149.1k $2.8m $2.8m 0.00% Reduced -18.0k -17,988
18 Arrowpoint Investment Partners (Singapore) Pte. Ltd. 0.35% of their portfolio SINGAPORE, U0 123,564123.6k $2.4m $2.4m 0.35% New
19 Asset Management One Co., Ltd. 0.01% of their portfolio TOKYO, M0 114,436114.4k $2.2m $2.2m 0.01% Unchanged
20 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 111,123111.1k $2.1m $2.1m 0.00% Added +88.9k +88,903
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 109,753109.8k $2.1m $2.1m 0.00% Reduced -4.9k -4,868
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 107,957108.0k $2.1m $2.1m 0.00% Reduced -7.3k -7,317
23 Arizona PSPRS Trust 0.07% of their portfolio PHOENIX, AZ 106,757106.8k $2.0m $2.0m 0.07% New
24 Private Wealth Advisors, LLC 0.68% of their portfolio Fresno, CA 98,90398.9k $1.9m $1.9m 0.68% Added +579 +579
25 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 96,20396.2k $1.8m $1.8m 0.00% Reduced -6.0k -5,979
26 NATIXIS 0.01% of their portfolio PARIS, I0 91,24391.2k $1.7m $1.7m 0.01% Added +72.8k +72,842
27 DELTEC ASSET MANAGEMENT LLC 0.27% of their portfolio New York, NY 86,00086.0k $1.6m $1.6m 0.27% Unchanged
28 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 57,62257.6k $1.1m $1.1m 0.00% Added +57.6k +57,584
29 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 49,07549.1k $936.4k $936.4k 0.00% Added +4.0k +3,959
30 Quantessence Capital LLC 10.63% of their portfolio NEW YORK, NY 48,17548.2k $919.2k $919.2k 10.63% New
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 45,73545.7k $872.6k $872.6k 0.00% Added +2.5k +2,532
32 SBI Securities Co., Ltd. 0.02% of their portfolio TOKYO, M0 43,29643.3k $826.1k $826.1k 0.02% Reduced -3.5k -3,452
33 TWIN FOCUS CAPITAL PARTNERS, LLC 0.09% of their portfolio Boston, MA 42,75942.8k $815.8k $815.8k 0.09% Added +39 +39
34 New Vernon Capital Holdings II LLC 0.38% of their portfolio Morristown, NJ 41,85241.9k $798.5k $798.5k 0.38% Unchanged
35 BlackRock, Inc. 0.00% of their portfolio New York, NY 41,80641.8k $797.7k $797.7k 0.00% New
36 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 41,65541.7k $794.8k $794.8k 0.00% New
37 Owen LaRue, LLC 0.28% of their portfolio ELIZABETHTOWN, KY 38,15038.1k $727.9k $727.9k 0.28% New
38 NVWM, LLC 0.16% of their portfolio YARDLEY, PA 38,01438.0k $725.3k $725.3k 0.16% Reduced -493 -493
39 HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 0.04% of their portfolio SINGAPORE, U0 37,62637.6k $717.9k $717.9k 0.04% Added +5.6k +5,619
40 Csenge Advisory Group 0.03% of their portfolio CLEARWATER, FL 34,73934.7k $662.8k $662.8k 0.03% New
41 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 33,34733.3k $636.3k $636.3k 0.00% Reduced -68.0k -67,956
42 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 31,73031.7k $605.4k $605.4k 0.00% First filing
43 Hilltop Holdings Inc. 0.04% of their portfolio DALLAS, TX 30,81830.8k $588.0k $588.0k 0.04% Added +4.2k +4,222
44 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 29,54229.5k $563.4k $563.4k 0.00% Reduced -462 -462
45 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 26,95327.0k $514.3k $514.3k 0.00% Reduced -1.3k -1,264
46 Cordoba Advisory Partners LLC 0.12% of their portfolio NEW YORK, NY 26,42326.4k $504.1k $504.1k 0.12% First filing
47 Total Wealth Planning & Management, Inc. 0.39% of their portfolio Ponte Vedra Beach, FL 25,79625.8k $492.2k $492.2k 0.39% First filing
48 FIDUCIARY FINANCIAL GROUP, LLC 0.07% of their portfolio SAN RAFAEL, CA 25,09025.1k $478.7k $478.7k 0.07% Reduced -608 -608
49 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 24,38024.4k $465.2k $465.2k 0.00% Added +1.7k +1,715
50 Pictet North America Advisors SA 0.04% of their portfolio GENEVA 73, V8 24,17824.2k $461.3k $461.3k 0.04% Unchanged
51 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 21,91421.9k $417.9k $417.9k 0.00% Added +2.2k +2,200
52 Laird Norton Wetherby Trust Company, LLC 0.01% of their portfolio Seattle, WA 20,77620.8k $396.4k $396.4k 0.01% New
53 Elequin Capital, LP 0.05% of their portfolio NEW YORK, NY 20,00020.0k $381.6k $381.6k 0.05% New
54 Mariner, LLC 0.00% of their portfolio Overland Park, KS 19,32619.3k $368.7k $368.7k 0.00% New
55 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 19,26419.3k $367.6k $367.6k 0.00% Added +2.5k +2,542
56 Kaizen Financial Strategies 0.16% of their portfolio CAMPBELL, CA 18,72118.7k $357.2k $357.2k 0.16% New
57 WJ Financial Advisors LLC 0.31% of their portfolio KILLINGWORTH, CT 18,37518.4k $350.6k $350.6k 0.31% Reduced -2.0k -2,042
58 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 17,31617.3k $330.4k $330.4k 0.00% Added +4.3k +4,300
59 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 16,68016.7k $316.5k $316.5k 0.00% Unchanged
60 Miller Global Investments, LLC 0.27% of their portfolio DALLAS, TX 15,40115.4k $293.9k $293.9k 0.27% First filing
61 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 14,57314.6k $278.1k $278.1k 0.01% Reduced -1.1k -1,117
62 Steadtrust LLC 0.16% of their portfolio ALLEN, TX 14,00014.0k $267.1k $267.1k 0.16% Unchanged
63 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 12,74112.7k $243.1k $243.1k 0.00% New
64 Wiser Advisor Group LLC 0.25% of their portfolio PHOENIX, AZ 11,37011.4k $216.9k $216.9k 0.25% Added +2.0k +2,000
65 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 11,25111.3k $214.7k $214.7k 0.00% Reduced -5.0k -4,996
66 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 11,09511.1k $211.7k $211.7k 0.00% Unchanged
67 Prism Advisors, Inc. 0.06% of their portfolio STUDIO CITY, CA 10,95311.0k $209.0k $209.0k 0.06% Unchanged
68 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.02% of their portfolio CONCORD, MA 10,91410.9k $208.2k $208.2k 0.02% New
69 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 10,82310.8k $206.5k $206.5k 0.00% Added +2.4k +2,378
70 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 10,43610.4k $199.1k $199.1k 0.00% New
71 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 10,18910.2k $194.4k $194.4k 0.00% Reduced -2.7k -2,747
72 CASTLEKEEP INVESTMENT ADVISORS LLC 0.09% of their portfolio WESTPORT, CT 10,15310.2k $193.7k $193.7k 0.09% Unchanged
73 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 10,04110.0k $191.2k $191.2k 0.00% New
74 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 10,00010.0k $190.8k $190.8k 0.00% New
75 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 8,1258.1k $155.0k $155.0k 0.00% New
76 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 8,1208.1k $154.9k $154.9k 0.00% New
77 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 6,6256.6k $126.4k $126.4k 0.00% Unchanged
78 Triumph Capital Management 0.02% of their portfolio DENVER, CO 6,0456.0k $115.3k $115.3k 0.02% New
79 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,4085.4k $103.2k $103.2k 0.00% Unchanged
80 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 3,4183.4k $65.2k $65.2k 0.00% Unchanged
81 Banque Cantonale Vaudoise 0.00% of their portfolio LAUSANNE, V8 2,3592.4k $45.0k $45.0k 0.00% Unchanged
82 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,2172.2k $42.3k $42.3k 0.00% Unchanged
83 Strategic Advocates LLC 0.01% of their portfolio SACRAMENTO, CA 2,1552.2k $41.0k $41.0k 0.01% Added +992 +992
84 Twin Lakes Capital Management, LLC 0.02% of their portfolio REDWOOD SHORES, CA 2,0072.0k $38.3k $38.3k 0.02% Unchanged
85 IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 0.00% of their portfolio SINGAPORE, U0 2,0002.0k $3.3k $3.3k 0.00% Unchanged
86 FMR LLC 0.00% of their portfolio BOSTON, MA 1,9321.9k $36.9k $36.9k 0.00% Reduced -739 -739
87 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,9001.9k $36.3k $36.3k 0.00% Added +800 +800
88 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,5331.5k $29.2k $29.2k 0.00% New
89 CapitalatWork S.A. 0.00% of their portfolio AUDERGHEM, C9 1,5001.5k $29.0k $29.0k 0.00% Unchanged
90 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 946946 $18.1k $18.1k 0.00% Added +934 +934
91 BARD ASSOCIATES INC 0.00% of their portfolio CHICAGO, IL 900900 $17.2k $17.2k 0.00% New
92 IAG Wealth Partners, LLC 0.00% of their portfolio WAUKESHA, WI 829829 $15.8k $15.8k 0.00% Added +2 +2
93 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 700700 $13.4k $13.4k 0.00% Unchanged
94 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 500500 $9.5k $9.5k 0.00% Unchanged
95 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 450450 $8.6k $8.6k 0.00% Unchanged
96 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 350350 $6.7k $6.7k 0.00% Unchanged
97 McIlrath & Eck, LLC 0.00% of their portfolio ARLINGTON, WA 307307 $5.9k $5.9k 0.00% Unchanged
98 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 273273 $5.2k $5.2k 0.00% New
99 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 261261 $5.0k $5.0k 0.00% Unchanged
100 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 255255 $4.9k $4.9k 0.00% Reduced -521 -521