Vault-13

VANECK ETF TRUST ITM

INTRMDT MUNI ETF · ETP · CUSIP 92189H201

182 institutional holders +11 vs Q3 2025
38,702,73938.7m shares reported held*
$1.8bnreported value*
20 new 68 added 53 reduced 12 sold out net bought ≈ $54.1m (+1.1m 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 ($812.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $47.16. Options: 1 managers hold calls ($5.0k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 159Q4 22: 165Q1 23: 170Q2 23: 165Q3 23: 167Q4 23: 184Q1 24: 173Q2 24: 168Q3 24: 168Q4 24: 178Q1 25: 180Q2 25: 175Q3 25: 171Q4 25: 182182Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022159
Q4 2022165
Q1 2023170
Q2 2023165
Q3 2023167
Q4 2023184
Q1 2024173
Q2 2024168
Q3 2024168
Q4 2024178
Q1 2025180
Q2 2025175
Q3 2025171
Q4 2025182

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 70 bought or addedQ1 24: 88 cut or sold outQ2 24: 67 bought or addedQ2 24: 78 cut or sold outQ2 24Q3 24: 59 bought or addedQ3 24: 81 cut or sold outQ4 24: 89 bought or addedQ4 24: 63 cut or sold outQ4 24Q1 25: 81 bought or addedQ1 25: 84 cut or sold outQ2 25: 72 bought or addedQ2 25: 97 cut or sold outQ2 25Q3 25: 76 bought or addedQ3 25: 81 cut or sold outQ4 25: 88 bought or addedQ4 25: 65 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20247088
Q2 20246778
Q3 20245981
Q4 20248963
Q1 20258184
Q2 20257297
Q3 20257681
Q4 20258865

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ1 25 calls: $241.2kQ1 25 puts: $86.5kQ1 25P/C 0.36Q2 25 calls: $33.1kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $5.0kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$241.2k$86.5k0.36
Q2 2025$33.1k$00.00
Q3 2025$0$0—
Q4 2025$5.0k$00.00

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +481,456+481.5k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +394,734+394.7k
TIAA TRUST, NATIONAL ASSOCIATION Added +357,608+357.6k
WELLS FARGO & COMPANY/MN Added +167,376+167.4k
MORGAN STANLEY Added +100,931+100.9k
Thrivent Financial for Lutherans New +94,487+94.5k
Willis Johnson & Associates, Inc. Added +57,981+58.0k
LPL Financial LLC Added +50,368+50.4k
SYKON CAPITAL LLC Added +29,303+29.3k
ENVESTNET ASSET MANAGEMENT INC Added +26,065+26.1k

Biggest sellers

JPMORGAN CHASE & CO Reduced -483,271-483.3k
Sanctuary Advisors, LLC Reduced -105,018-105.0k
RENAISSANCE TECHNOLOGIES LLC Reduced -90,334-90.3k
OLD NATIONAL BANCORP /IN/ Reduced -27,571-27.6k
AMERIPRISE FINANCIAL INC Reduced -25,500-25.5k
FMR LLC Reduced -24,978-25.0k
Elequin Capital, LP Sold out -24,193-24.2k
JANE STREET GROUP, LLC Reduced -16,080-16.1k
Granite Harbor Advisors, Inc. Reduced -15,883-15.9k
HighTower Advisors, LLC Reduced -15,873-15.9k

Biggest calls

GROUP ONE TRADING LLC New $5.0k300 shares

Biggest puts

None

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 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 16,346,77516.3m $770.9m $770.9m 0.06% Added +481.5k +481,456
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.13% of their portfolio MILWAUKEE, WI 4,239,3524.2m $199.9m $199.9m 0.13% Added +394.7k +394,734
3 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,133,5662.1m $100.6m $100.6m 0.03% Added +50.4k +50,368
4 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,255,7311.3m $59.2m $59.2m 0.01% Reduced -25.5k -25,500
5 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,077,5781.1m $50.8m $50.8m 0.02% Added +26.1k +26,065
6 UMB Bank, n.a. 0.64% of their portfolio Kansas City, MO 1,024,0521.0m $48.3m $48.3m 0.64% Not comparable
7 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 959,915959.9k $45.3m $45.3m 0.01% Added +167.4k +167,376
8 CX Institutional 1.31% of their portfolio AUBURN, IN 934,668934.7k $44.1m $44.1m 1.31% Added +17.0k +16,954
9 TIAA TRUST, NATIONAL ASSOCIATION 0.10% of their portfolio CHARLOTTE, NC 862,097862.1k $40.7m $40.7m 0.10% Added +357.6k +357,608
10 Willis Johnson & Associates, Inc. 2.28% of their portfolio Houston, TX 783,646783.6k $37.0m $37.0m 2.28% Added +58.0k +57,981
11 FMR LLC 0.00% of their portfolio BOSTON, MA 758,206758.2k $35.8m $35.8m 0.00% Reduced -25.0k -24,978
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 728,172728.2k $34.3m $34.3m 0.00% Added +100.9k +100,931
13 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 593,125593.1k $28.0m $28.0m 0.04% Added +3.3k +3,314
14 OneDigital Investment Advisors LLC 0.22% of their portfolio OVERLAND PARK, KS 479,928479.9k $22.6m $22.6m 0.22% Added +2.9k +2,899
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 476,529476.5k $22.5m $22.5m 0.00% Reduced -483.3k -483,271
16 MATHER GROUP, LLC. 0.22% of their portfolio CHICAGO, IL 456,595456.6k $21.5m $21.5m 0.22% Reduced -4.1k -4,094
17 DAVIDSON INVESTMENT ADVISORS 0.76% of their portfolio GREAT FALLS, MT 386,572386.6k $18.2m $18.2m 0.76% Added +16.8k +16,838
18 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 345,541345.5k $16.3m $16.3m 0.01% Added +18.5k +18,514
19 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 326,019326.0k $15.4m $15.4m 0.02% Reduced -15.9k -15,873
20 Avidian Wealth Enterprises, LLC 0.56% of their portfolio Houston, TX 323,781323.8k $15.3m $15.3m 0.56% Added +3.9k +3,851
21 UBS Group AG 0.00% of their portfolio ZURICH, V8 298,533298.5k $14.1m $14.1m 0.00% Reduced -1.7k -1,676
22 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 264,833264.8k $12.5m $12.5m 0.01% Added +25.0k +24,954
23 FOCUS Wealth Advisors, LLC 4.10% of their portfolio HOUSTON, TX 186,692186.7k $8.8m $8.8m 4.10% Added +8.5k +8,460
24 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 166,720166.7k $7.9m $7.9m 0.00% Added +201 +201
25 Clark Capital Management Group, Inc. 0.04% of their portfolio PHILADELPHIA, PA 145,004145.0k $6.8m $6.8m 0.04% Added +4.1k +4,087
26 PARK AVENUE SECURITIES LLC 0.05% of their portfolio NEW YORK, NY 134,479134.5k $6.3m $6.3m 0.05% Added +4.5k +4,528
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 99,89499.9k $4.7m $4.7m 0.00% Added +10.9k +10,862
28 SIMON QUICK ADVISORS, LLC 0.20% of their portfolio MORRISTOWN, NJ 95,37295.4k $4.5m $4.5m 0.20% Reduced -1.6k -1,613
29 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 94,48794.5k $4.5m $4.5m 0.01% New
30 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 92,63692.6k $4.4m $4.4m 0.01% Added +116 +116
31 BRANDYWINE OAK PRIVATE WEALTH LLC 0.37% of their portfolio Kennett Square, PA 92,35192.4k $4.4m $4.4m 0.37% Added +7.1k +7,080
32 PRINCIPAL SECURITIES, INC. 0.07% of their portfolio DES MOINES, IA 91,82691.8k $4.3m $4.3m 0.07% Added +5.7k +5,705
33 Clearstead Advisors, LLC 0.05% of their portfolio CLEVELAND, OH 90,96491.0k $4.3m $4.3m 0.05% Added +1.0k +1,049
34 AXXCESS WEALTH MANAGEMENT, LLC 0.07% of their portfolio CARLSBAD, CA 80,75480.8k $3.8m $3.8m 0.07% Added +2.7k +2,684
35 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 76,02476.0k $3.6m $3.6m 0.00% Reduced -12.9k -12,915
36 Fulton Bank, N.A. 0.12% of their portfolio Lancaster, PA 73,07973.1k $3.4m $3.4m 0.12% Added +12.7k +12,742
37 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 69,61369.6k $3.3m $3.3m 0.00% Reduced -16.1k -16,080
38 Cornerstone Wealth Management, LLC 0.17% of their portfolio ST. PETERS, MO 68,36868.4k $3.2m $3.2m 0.17% Reduced -147 -147
39 Parkside Financial Bank & Trust 0.23% of their portfolio SAINT LOUIS, MO 64,27464.3k $3.0m $3.0m 0.23% Added +7.1k +7,092
40 VICUS CAPITAL 0.22% of their portfolio STATE COLLEGE, PA 62,99063.0k $3.0m $3.0m 0.22% Added +5.3k +5,291
41 Granite Harbor Advisors, Inc. 1.23% of their portfolio Houston, TX 61,56361.6k $2.9m $2.9m 1.23% Reduced -15.9k -15,883
42 OLD NATIONAL BANCORP /IN/ 0.05% of their portfolio EVANSVILLE, IN 58,24758.2k $2.7m $2.7m 0.05% Reduced -27.6k -27,571
43 Vise Technologies, Inc. 0.05% of their portfolio NEW YORK, NY 57,50557.5k $2.7m $2.7m 0.05% Added +1.8k +1,820
44 J.Safra Asset Management Corp 0.14% of their portfolio NEW YORK, NY 55,31255.3k $2.6m $2.6m 0.14% Added +5.9k +5,892
45 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 49,51449.5k $2.3m $2.3m 0.01% Added +3.0k +2,958
46 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 45,76645.8k $2.2m $2.2m 0.02% Added +1.4k +1,400
47 SteelPeak Wealth, LLC 0.07% of their portfolio WOODLAND HILLS, CA 45,34845.3k $2.1m $2.1m 0.07% Reduced -2.8k -2,825
48 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 45,06245.1k $2.1m $2.1m 0.01% Reduced -105.0k -105,018
49 SYKON CAPITAL LLC 0.66% of their portfolio HARRISON, NY 43,88243.9k $2.1m $2.1m 0.66% Added +29.3k +29,303
50 Midwest Trust Co 0.02% of their portfolio Overland Park, KS 36,96437.0k $1.7m $1.7m 0.02% Added +432 +432
51 Running Point Capital Advisors, LLC 0.45% of their portfolio EL SEGUNDO, CA 34,68734.7k $1.6m $1.6m 0.45% Reduced -991 -991
52 Idaho Trust Co 0.53% of their portfolio BOISE, ID 34,22334.2k $1.6m $1.6m 0.53% Reduced -649 -649
53 LCW Services, LLC 0.84% of their portfolio VIRGINIA BEACH, VA 33,35833.4k $1.6m $1.6m 0.84% First filing
54 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 33,20033.2k $1.6m $1.6m 0.00% Reduced -90.3k -90,334
55 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 33,04533.0k $1.6m $1.6m 0.00% Reduced -458 -458
56 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 32,94132.9k $1.6m $1.6m 0.00% Added +3.1k +3,068
57 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 30,71830.7k $1.4m $1.4m 0.00% Added +2.1k +2,135
58 Beaumont Financial Advisors, LLC 0.08% of their portfolio NEEDHAM, MA 27,21427.2k $1.3m $1.3m 0.08% Unchanged
59 XML Financial, LLC 0.10% of their portfolio BETHESDA, MD 26,50526.5k $1.2m $1.2m 0.10% Reduced -116 -116
60 1620 INVESTMENT ADVISORS, INC. 0.82% of their portfolio PLYMOUTH, MA 26,08226.1k $1.2m $1.2m 0.82% Reduced -235 -235
61 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 25,54225.5k $1.2m $1.2m 0.00% Unchanged
62 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 24,99425.0k $1.2m $1.2m 0.00% Reduced -304 -304
63 Goodwin Investment Advisory 1.20% of their portfolio WOODSTOCK, GA 23,11623.1k $1.1m $1.1m 1.20% Reduced -7 -7
64 OpenArc Corporate Advisory, LLC 0.02% of their portfolio ATLANTA, GA 22,87322.9k $1.1m $1.1m 0.02% First filing
65 Baker Avenue Asset Management, LP 0.02% of their portfolio SAN FRANCISCO, CA 22,66022.7k $1.1m $1.1m 0.02% Added +1.1k +1,093
66 Mariner, LLC 0.00% of their portfolio Overland Park, KS 22,64622.6k $1.1m $1.1m 0.00% Reduced -13.4k -13,392
67 Union Bancaire Privee, UBP SA 0.01% of their portfolio GENEVA 1, V8 22,00022.0k $770.2k $770.2k 0.01% New
68 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 21,78821.8k $1.0m $1.0m 0.00% Added +21.8k +21,786
69 Westside Investment Management, Inc. 0.15% of their portfolio SANTA MONICA, CA 20,54320.5k $968.8k $968.8k 0.15% Added +166 +166
70 Gradient Investments LLC 0.02% of their portfolio ARDEN HILLS, MN 20,46920.5k $965.3k $965.3k 0.02% Added +1.3k +1,261
71 Strategic Blueprint, LLC 0.05% of their portfolio ATLANTA, GA 19,64919.6k $926.6k $926.6k 0.05% Added +3.3k +3,269
72 Aquire Wealth Advisors, LLC 0.24% of their portfolio Salt Lake City, UT 19,29119.3k $909.8k $909.8k 0.24% Added +32 +32
73 CWM, LLC 0.00% of their portfolio OMAHA, NE 18,89318.9k $891.0k $891.0k 0.00% Reduced -360 -360
74 COMERICA BANK 0.00% of their portfolio DALLAS, TX 18,78418.8k $885.9k $885.9k 0.00% Reduced -357 -357
75 MONETA GROUP INVESTMENT ADVISORS LLC 0.01% of their portfolio ST LOUIS, MO 18,49618.5k $872.3k $872.3k 0.01% Added +1.6k +1,632
76 GenTrust, LLC 0.04% of their portfolio MIAMI, FL 17,78717.8k $838.8k $838.8k 0.04% Reduced -71 -71
77 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 17,45017.4k $825.2k $825.2k 0.01% Unchanged
78 Alesco Advisors, LLC, An ESL Co 0.02% of their portfolio Pittsford, NY 16,23516.2k $765.6k $765.6k 0.02% Unchanged
79 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 16,12116.1k $760.3k $760.3k 0.01% Reduced -4.3k -4,342
80 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 15,93715.9k $751.6k $751.6k 0.00% Added +2.0k +2,047
81 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.01% of their portfolio Seattle, WA 15,87415.9k $748.6k $748.6k 0.01% Unchanged
82 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 15,48715.5k $730.4k $730.4k 0.01% Reduced -1.7k -1,667
83 Ameritas Investment Partners, Inc. 0.02% of their portfolio LINCOLN, NE 15,46915.5k $729.5k $729.5k 0.02% Added +892 +892
84 Wealthspire Advisors, LLC 0.01% of their portfolio NEW YORK, NY 15,45715.5k $729.0k $729.0k 0.01% Added +929 +929
85 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 15,31615.3k $722.3k $722.3k 0.02% Unchanged
86 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.01% of their portfolio MINNEAPOLIS, MN 14,74414.7k $695.3k $695.3k 0.01% Reduced -806 -806
87 PETRA FINANCIAL ADVISORS INC 0.39% of their portfolio COLORADO SRPINGS, CO 14,16814.2k $668.2k $668.2k 0.39% Reduced -775 -775
88 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 13,92913.9k $657.0k $657.0k 0.00% Reduced -10.5k -10,540
89 Gutierrez Wealth Advisory, LLC 0.41% of their portfolio LITTLE ROCK, AR 13,83413.8k $652.4k $652.4k 0.41% Added +4.5k +4,541
90 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 13,68113.7k $645.2k $645.2k 0.00% Reduced -11.6k -11,570
91 WBH ADVISORY INC 0.05% of their portfolio BALTIMORE, MD 13,59513.6k $641.1k $641.1k 0.05% Unchanged
92 SHEETS SMITH WEALTH MANAGEMENT 0.07% of their portfolio WINSTON-SALEM, NC 12,60012.6k $594.2k $594.2k 0.07% Unchanged
93 PRIVATE TRUST CO NA 0.05% of their portfolio CLEVELAND, OH 12,34512.3k $582.2k $582.2k 0.05% Reduced -3 -3
94 ONE Advisory Partners, LLC 0.17% of their portfolio OVERLAND PARK, KS 12,25912.3k $578.1k $578.1k 0.17% Reduced -275 -275
95 Curbstone Financial Management Corp 0.11% of their portfolio MANCHESTER, NH 12,25012.2k $577.7k $577.7k 0.11% New
96 Rinkey Investments 0.15% of their portfolio San Diego, CA 12,10912.1k $571.1k $571.1k 0.15% Unchanged
97 Stokes Family Office, LLC 0.05% of their portfolio NEW ORLEANS, LA 12,05112.1k $568.3k $568.3k 0.05% Reduced -2.3k -2,258
98 Hyundai Investments Co., Ltd. 0.54% of their portfolio YEONGDEUNGPO-GU, SEOUL, M5 11,67711.7k $550.8k $550.8k 0.54% New
99 TD PRIVATE CLIENT WEALTH LLC 0.01% of their portfolio NEW YORK, NY 11,52911.5k $543.7k $543.7k 0.01% Added +5.5k +5,536
100 Ameraudi Asset Management, Inc. 0.30% of their portfolio New York, NY 11,40011.4k $537.6k $537.6k 0.30% Unchanged