Vault-13

VANECK ETF TRUST EMLC

JP MRGAN EM LOC · ETP · CUSIP 92189H300

257 institutional holders +9 vs Q1 2025
88,256,42888.3m shares reported held*
$2.1bnreported value*
45 new 97 added 79 reduced 37 sold out net bought ≈ $141.2m (+10.1m 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 ($1.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.01. Options: 4 managers hold calls ($10.0m notional), 1 hold puts ($360.0k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 197Q4 22: 229Q1 23: 233Q2 23: 245Q3 23: 244Q4 23: 270Q1 24: 251Q2 24: 233Q3 24: 238Q4 24: 236Q1 25: 248Q2 25: 257257Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022197
Q4 2022229
Q1 2023233
Q2 2023245
Q3 2023244
Q4 2023270
Q1 2024251
Q2 2024233
Q3 2024238
Q4 2024236
Q1 2025248
Q2 2025257

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 116 bought or addedQ3 23: 113 cut or sold outQ4 23: 122 bought or addedQ4 23: 123 cut or sold outQ4 23Q1 24: 109 bought or addedQ1 24: 127 cut or sold outQ2 24: 106 bought or addedQ2 24: 107 cut or sold outQ2 24Q3 24: 109 bought or addedQ3 24: 105 cut or sold outQ4 24: 109 bought or addedQ4 24: 103 cut or sold outQ4 24Q1 25: 136 bought or addedQ1 25: 104 cut or sold outQ2 25: 142 bought or addedQ2 25: 116 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023116113
Q4 2023122123
Q1 2024109127
Q2 2024106107
Q3 2024109105
Q4 2024109103
Q1 2025136104
Q2 2025142116

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 24 calls: $17.7mQ3 24 puts: $850.9kQ3 24P/C 0.05Q4 24 calls: $10.4mQ4 24 puts: $13.9kQ4 24P/C 0.00Q1 25 calls: $9.8mQ1 25 puts: $12.0kQ1 25P/C 0.00Q2 25 calls: $10.0mQ2 25 puts: $360.0kQ2 25P/C 0.04
Numbers
QuarterCallsPutsP/C
Q3 2024$17.7m$850.9k0.05
Q4 2024$10.4m$13.9k0.00
Q1 2025$9.8m$12.0k0.00
Q2 2025$10.0m$360.0k0.04

Biggest buyers

Proficio Capital Partners LLC New +4,792,297+4.8m
NEUBERGER BERMAN GROUP LLC Added +4,092,047+4.1m
D. E. Shaw & Co., Inc. Added +2,065,400+2.1m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +1,388,805+1.4m
ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP New +1,366,800+1.4m
ROYAL BANK OF CANADA Added +742,697+742.7k
JPMORGAN CHASE & CO Added +677,201+677.2k
RENAISSANCE TECHNOLOGIES LLC New +613,300+613.3k
TORONTO DOMINION BANK New +600,000+600.0k
TIAA TRUST, NATIONAL ASSOCIATION Added +549,202+549.2k

Biggest sellers

BNP PARIBAS FINANCIAL MARKETS Reduced -2,210,967-2.2m
BlackRock, Inc. Reduced -1,716,573-1.7m
PAYDEN & RYGEL Sold out -1,096,500-1.1m
NAN FUNG TRINITY (HK) LTD Sold out -1,032,900-1.0m
Varma Mutual Pension Insurance Co Reduced -1,000,000-1.0m
MANNING & NAPIER ADVISORS LLC Sold out -950,390-950.4k
Capitolis Liquid Global Markets LLC Reduced -658,800-658.8k
OLD MISSION CAPITAL LLC Sold out -425,795-425.8k
Empowered Funds, LLC Reduced -392,227-392.2k
Police & Firemen's Retirement System of New Jersey Sold out -351,300-351.3k

Biggest calls

SIMPLEX TRADING, LLC Added $9.6m106.7k shares
CITADEL ADVISORS LLC Added $398.0k15.7k shares
GROUP ONE TRADING LLC New $10.1k400 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $360.0k14.2k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 11,661,14611.7m $295.6m $295.6m 0.05% Added +1.4m +1,388,805
2 SEI INVESTMENTS CO 0.25% of their portfolio OAKS, PA 8,566,9168.6m $217.2m $217.2m 0.25% Added +221.7k +221,681
3 Proficio Capital Partners LLC 0.32% of their portfolio NEWTON, MA 4,792,2974.8m $5.1m $5.1m 0.32% New
4 NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio NEW YORK, NY 4,147,3814.1m $105.1m $105.1m 0.08% Added +4.1m +4,092,047
5 Valmark Advisers, Inc. 1.45% of their portfolio AKRON, OH 4,105,9854.1m $104.1m $104.1m 1.45% Added +86.4k +86,362
6 Asset Management One Co., Ltd. 0.28% of their portfolio TOKYO, M0 3,475,4953.5m $88.1m $88.1m 0.28% Added +62.8k +62,800
7 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 3,150,9323.2m $79.9m $79.9m 0.08% Added +2.1m +2,065,400
8 Varma Mutual Pension Insurance Co 0.58% of their portfolio Varma, H9 3,100,0003.1m $78.6m $78.6m 0.58% Reduced -1.0m -1,000,000
9 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,812,2322.8m $71.3m $71.3m 0.01% Added +468.5k +468,541
10 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,783,0951.8m $45.2m $45.2m 0.01% Added +300.3k +300,251
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,745,8041.7m $44.3m $44.3m 0.00% Added +121.7k +121,714
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,716,5701.7m $43.5m $43.5m 0.00% Reduced -1.7m -1,716,573
13 Ocean Park Asset Management, LLC 1.33% of their portfolio SANTA MONICA, CA 1,566,2511.6m $37.4m $37.4m 1.33% Unchanged
14 1832 Asset Management L.P. 0.07% of their portfolio TORONTO, A6 1,534,8861.5m $38.9m $38.9m 0.07% Added +22.8k +22,838
15 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,515,1231.5m $38.4m $38.4m 0.01% Reduced -38.0k -37,989
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,441,4061.4m $36.5m $36.5m 0.00% Added +742.7k +742,697
17 VIEWPOINT INVESTMENT PARTNERS CORP 19.52% of their portfolio CALGARY, A0 1,407,3001.4m $35.7m $35.7m 19.52% Reduced -288.3k -288,300
18 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 2.67% of their portfolio Altamonte Springs, FL 1,366,8001.4m $34.6m $34.6m 2.67% New
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,243,0891.2m $31.5m $31.5m 0.00% Added +56.4k +56,434
20 Federation des caisses Desjardins du Quebec 0.13% of their portfolio LEVIS, A8 1,136,1791.1m $28.8m $28.8m 0.13% Added +14.9k +14,880
21 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,050,1951.1m $26.6m $26.6m 0.01% Reduced -111.3k -111,296
22 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 1,045,9881.0m $26.5m $26.5m 0.02% Reduced -30.8k -30,789
23 EVERGREEN CAPITAL MANAGEMENT LLC 0.79% of their portfolio Bellevue, WA 1,036,2741.0m $26.3m $26.3m 0.79% Added +26.9k +26,918
24 PARK AVENUE SECURITIES LLC 0.22% of their portfolio NEW YORK, NY 935,204935.2k $23.7m $23.7m 0.22% Reduced -21.5k -21,471
25 MOORE CAPITAL MANAGEMENT, LP 0.46% of their portfolio NEW YORK, NY 900,000900.0k $22.8m $22.8m 0.46% Added +270.4k +270,410
26 TIAA TRUST, NATIONAL ASSOCIATION 0.06% of their portfolio CHARLOTTE, NC 868,662868.7k $22.0m $22.0m 0.06% Added +549.2k +549,202
27 Verition Fund Management LLC 0.12% of their portfolio GREENWICH, CT 790,000790.0k $20.0m $20.0m 0.12% Reduced -268.2k -268,237
28 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 773,281773.3k $19.6m $19.6m 0.01% Unchanged
29 Checchi Capital Advisers, LLC 1.33% of their portfolio BEVERLY HILLS, CA 750,070750.1k $19.0m $19.0m 1.33% Reduced -77.3k -77,320
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 679,019679.0k $17.2m $17.2m 0.00% Added +677.2k +677,201
31 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 613,300613.3k $15.5m $15.5m 0.02% New
32 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 600,000600.0k $15.2m $15.2m 0.03% New
33 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 568,320568.3k $14.4m $14.4m 0.00% Added +480.3k +480,285
34 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 557,401557.4k $14.1m $14.1m 0.02% Added +105.7k +105,687
35 ALM First Financial Advisors, LLC 2.89% of their portfolio DALLAS, TX 527,748527.7k $13.4m $13.4m 2.89% Unchanged
36 New Harbor Financial Group, LLC 3.00% of their portfolio WORCESTER, MA 515,493515.5k $13.1m $13.1m 3.00% Added +14.2k +14,247
37 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 465,542465.5k $11.8m $11.8m 0.06% Added +162.1k +162,090
38 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 435,000435.0k $11.0m $11.0m 0.02% New
39 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 432,300432.3k $11.0m $11.0m 0.01% Reduced -59.2k -59,200
40 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 378,621378.6k $9.6m $9.6m 0.01% Added +100.2k +100,208
41 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 373,600373.6k $9.5m $9.5m 0.00% New
42 GUGGENHEIM CAPITAL LLC 0.08% of their portfolio CHICAGO, IL 372,950372.9k $9.5m $9.5m 0.08% Added +6.5k +6,451
43 Whitcomb & Hess, Inc. 2.57% of their portfolio ASHLAND, OH 359,976360.0k $9.1m $9.1m 2.57% Added +4.6k +4,561
44 CENTRAL TRUST Co 0.20% of their portfolio JEFFERSON CITY, MO 334,677334.7k $8.5m $8.5m 0.20% Added +68.5k +68,503
45 CUTLER INVESTMENT COUNSEL LLC 0.90% of their portfolio Jacksonville, OR 319,389319.4k $8.1m $8.1m 0.90% Reduced -4.0k -4,020
46 VPR Management LLC 3.76% of their portfolio HOUSTON, TX 316,200316.2k $8.0m $8.0m 3.76% Unchanged
47 Pekin Hardy Strauss, Inc. 0.91% of their portfolio CHICAGO, IL 314,448314.4k $8.0m $8.0m 0.91% Added +19.9k +19,883
48 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 307,250307.2k $7.8m $7.8m 0.00% Unchanged
49 Capitolis Liquid Global Markets LLC 0.06% of their portfolio NEW YORK, NY 298,800298.8k $7.6m $7.6m 0.06% Reduced -658.8k -658,800
50 ACIMA PRIVATE WEALTH, LLC 2.39% of their portfolio RICHMOND, VA 277,066277.1k $7.0m $7.0m 2.39% Reduced -9.4k -9,391
51 INTEGRATED CAPITAL MANAGEMENT, INC. 4.84% of their portfolio JESSUP, PA 250,962251.0k $6.4m $6.4m 4.84% Reduced -1.5k -1,487
52 Empowered Funds, LLC 0.07% of their portfolio NEWTOWN SQUARE, PA 250,746250.7k $6.3m $6.3m 0.07% Reduced -392.2k -392,227
53 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 246,675246.7k $6.3m $6.3m 0.01% Reduced -461 -461
54 Cambria Investment Management, L.P. 0.40% of their portfolio Manhattan Beach, CA 236,017236.0k $6.0m $6.0m 0.40% Added +4.4k +4,384
55 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 223,898223.9k $5.7m $5.7m 0.00% Reduced -2.2m -2,210,967
56 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 219,299219.3k $5.6m $5.6m 0.00% Added +113.5k +113,535
57 Capital Investment Advisors, LLC 0.10% of their portfolio ATLANTA, GA 214,700214.7k $5.7m $5.7m 0.10% Reduced -45.9k -45,928
58 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 211,515211.5k $5.4m $5.4m 0.01% Added +2.5k +2,501
59 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 189,122189.1k $4.8m $4.8m 0.01% Added +183.1k +183,149
60 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 186,536186.5k $4.7m $4.7m 0.04% Added +10.0k +10,033
61 Collaborative Wealth Managment Inc. 2.06% of their portfolio LAKE MARY, FL 186,000186.0k $4.7m $4.7m 2.06% Added +2.4k +2,414
62 Almanack Investment Partners, LLC. 0.75% of their portfolio WAYNE, PA 185,637185.6k $4.7m $4.7m 0.75% New
63 CW Advisors, LLC 0.05% of their portfolio BOSTON, MA 183,992184.0k $4.7m $4.7m 0.05% Added +114.2k +114,153
64 Avos Capital Management, LLC 2.64% of their portfolio SEATTLE, WA 182,610182.6k $4.6m $4.6m 2.64% Added +23.8k +23,842
65 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 181,305181.3k $4.6m $4.6m 0.01% Added +152.1k +152,112
66 FMR LLC 0.00% of their portfolio BOSTON, MA 181,291181.3k $4.6m $4.6m 0.00% Added +733 +733
67 rebel Financial LLC 2.09% of their portfolio GROVEPORT, OH 181,204181.2k $4.6m $4.6m 2.09% First filing
68 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 178,980179.0k $4.5m $4.5m 0.00% Reduced -136.5k -136,483
69 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 167,207167.2k $4.2m $4.2m 0.00% New
70 Upper Left Wealth Management, LLC 2.69% of their portfolio TAMPA, FL 159,258159.3k $4.0m $4.0m 2.69% Reduced -432 -432
71 Kiker Wealth Management, LLC 2.25% of their portfolio JASPER, GA 157,673157.7k $4.0m $4.0m 2.25% Added +542 +542
72 Crabel Capital Management, LLC 2.30% of their portfolio MILWAUKEE, WI 148,221148.2k $3.8m $3.8m 2.30% Added +36.8k +36,786
73 OPPENHEIMER & CO INC 0.05% of their portfolio NEW YORK, NY 144,899144.9k $3.7m $3.7m 0.05% Added +18.5k +18,531
74 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 142,516142.5k $3.6m $3.6m 0.01% Reduced -31.7k -31,749
75 Merit Financial Group, LLC 0.04% of their portfolio ALPHARETTA, GA 134,469134.5k $3.4m $3.4m 0.04% Added +56.1k +56,129
76 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 127,204127.2k $3.2m $3.2m 0.01% Added +13.8k +13,799
77 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 114,017114.0k $2.9m $2.9m 0.00% Added +5.3k +5,266
78 HANCOCK WHITNEY CORP 0.05% of their portfolio GULFPORT, MS 109,141109.1k $2.8m $2.8m 0.05% Added +83.2k +83,197
79 COMERICA BANK 0.01% of their portfolio DALLAS, TX 109,063109.1k $2.8m $2.8m 0.01% Added +38.6k +38,574
80 RHS Financial, LLC 1.45% of their portfolio SAN FRANCISCO, CA 101,021101.0k $2.6m $2.6m 1.45% Reduced -8.6k -8,626
81 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 93,53093.5k $2.4m $2.4m 0.00% Added +49.5k +49,494
82 FIDELITY D & D BANCORP INC 1.44% of their portfolio Dunmore, PA 92,72492.7k $2.4m $2.4m 1.44% Added +1.8k +1,819
83 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 91,52591.5k $2.3m $2.3m 0.01% Added +58.8k +58,775
84 Keebeck Wealth Management 0.29% of their portfolio Chicago, IL 87,63087.6k $2.2m $2.2m 0.29% Unchanged
85 Martel Wealth Advisors LLC 0.41% of their portfolio VANCOUVER, WA 87,23087.2k $2.2m $2.2m 0.41% Reduced -1.9k -1,871
86 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 84,19084.2k $2.1m $2.1m 0.00% Added +10.1k +10,121
87 Veery Capital, LLC 0.72% of their portfolio Wilmington, DE 82,33582.3k $2.1m $2.1m 0.72% Reduced -468 -468
88 Geneos Wealth Management Inc. 0.05% of their portfolio ENGLEWOOD, CO 80,27180.3k $2.0m $2.0m 0.05% Reduced -95.1k -95,145
89 Lake Hills Wealth Management, LLC 1.16% of their portfolio AUSTIN, TX 80,03880.0k $2.0m $2.0m 1.16% New
90 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 79,10479.1k $2.0m $2.0m 0.00% Reduced -68.3k -68,341
91 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 78,00078.0k $2.0m $2.0m 0.01% Unchanged
92 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 74,09974.1k $1.9m $1.9m 0.01% Reduced -7.2k -7,205
93 Quadrature Capital Ltd 0.03% of their portfolio LONDON, X0 73,28573.3k $1.9m $1.9m 0.03% New
94 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 68,79668.8k $1.7m $1.7m 0.00% New
95 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 68,02368.0k $1.7m $1.7m 0.02% Added +31.2k +31,191
96 Evergreen Private Wealth LLC 0.71% of their portfolio GREENWOOD VILLAGE, CO 66,40266.4k $1.7m $1.7m 0.71% Added +3.8k +3,837
97 Delos Wealth Advisors, LLC 1.31% of their portfolio DALLAS, TX 66,22466.2k $1.7m $1.7m 1.31% Reduced -4.6k -4,635
98 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 65,29965.3k $1.7m $1.7m 0.00% Reduced -6.2k -6,207
99 Summit Financial, LLC 0.04% of their portfolio PARSIPPANY, NJ 62,60662.6k $1.6m $1.6m 0.04% Added +4.2k +4,250
100 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 62,52262.5k $1.6m $1.6m 0.01% Reduced -2.9k -2,945