Vault-13

VANECK ETF TRUST EMLC

JP MRGAN EM LOC · ETP · CUSIP 92189H300

265 institutional holders +8 vs Q2 2025
100,522,340100.5m shares reported held*
$2.6bnreported value*
46 new 111 added 68 reduced 33 sold out net bought ≈ $419.6m (+11.9m 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.56. Options: 2 managers hold calls ($4.7m notional), 0 hold puts (—).

Trends to Q3 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: 257Q3 25: 265265Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025265

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 122 bought or addedQ4 23: 123 cut or sold outQ1 24: 109 bought or addedQ1 24: 127 cut or sold outQ1 24Q2 24: 106 bought or addedQ2 24: 107 cut or sold outQ3 24: 109 bought or addedQ3 24: 105 cut or sold outQ3 24Q4 24: 109 bought or addedQ4 24: 103 cut or sold outQ1 25: 136 bought or addedQ1 25: 104 cut or sold outQ1 25Q2 25: 142 bought or addedQ2 25: 116 cut or sold outQ3 25: 157 bought or addedQ3 25: 101 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023122123
Q1 2024109127
Q2 2024106107
Q3 2024109105
Q4 2024109103
Q1 2025136104
Q2 2025142116
Q3 2025157101

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ4 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 0.04Q3 25 calls: $4.7mQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$10.4m$13.9k0.00
Q1 2025$9.8m$12.0k0.00
Q2 2025$10.0m$360.0k0.04
Q3 2025$4.7m$00.00

Biggest buyers

ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Added +4,571,900+4.6m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +4,005,074+4.0m
BlackRock, Inc. Added +3,022,501+3.0m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +1,492,350+1.5m
BANK OF MONTREAL /CAN/ New +1,292,568+1.3m
BNP PARIBAS FINANCIAL MARKETS Added +1,247,763+1.2m
MORGAN STANLEY Added +958,317+958.3k
JPMORGAN CHASE & CO Added +688,557+688.6k
Ocean Park Asset Management, LLC Added +680,296+680.3k
BANK OF AMERICA CORP /DE/ Added +519,820+519.8k

Biggest sellers

Proficio Capital Partners LLC Sold out -4,792,297-4.8m
D. E. Shaw & Co., Inc. Reduced -1,242,900-1.2m
MOORE CAPITAL MANAGEMENT, LP Sold out -900,000-900.0k
Verition Fund Management LLC Sold out -790,000-790.0k
Asset Management One Co., Ltd. Reduced -759,600-759.6k
RENAISSANCE TECHNOLOGIES LLC Sold out -613,300-613.3k
ROYAL BANK OF CANADA Reduced -545,426-545.4k
UBS Group AG Reduced -405,819-405.8k
ALLIANCEBERNSTEIN L.P. Sold out -373,600-373.6k
Bank of New York Mellon Corp Reduced -261,696-261.7k

Biggest calls

SIMPLEX TRADING, LLC Reduced $4.7m39.6k shares
GROUP ONE TRADING LLC Unchanged $10.2k400 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 13,153,49613.2m $335.5m $335.5m 0.05% Added +1.5m +1,492,350
2 SEI INVESTMENTS CO 0.24% of their portfolio OAKS, PA 8,889,2928.9m $226.8m $226.8m 0.24% Added +322.4k +322,376
3 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 6.59% of their portfolio Altamonte Springs, FL 5,938,7005.9m $151.5m $151.5m 6.59% Added +4.6m +4,571,900
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,739,0714.7m $120.9m $120.9m 0.00% Added +3.0m +3,022,501
5 Valmark Advisers, Inc. 1.41% of their portfolio AKRON, OH 4,269,3374.3m $108.9m $108.9m 1.41% Added +163.4k +163,352
6 NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio NEW YORK, NY 4,147,3814.1m $105.8m $105.8m 0.08% Unchanged
7 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio Toronto, A6 4,065,9304.1m $103.7m $103.7m 0.09% Added +4.0m +4,005,074
8 Varma Mutual Pension Insurance Co 0.51% of their portfolio Varma, H9 3,100,0003.1m $79.1m $79.1m 0.51% Unchanged
9 Asset Management One Co., Ltd. 0.20% of their portfolio TOKYO, M0 2,715,8952.7m $69.3m $69.3m 0.20% Reduced -759.6k -759,600
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,704,1212.7m $69.0m $69.0m 0.00% Added +958.3k +958,317
11 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,406,4132.4m $61.4m $61.4m 0.01% Reduced -405.8k -405,819
12 Ocean Park Asset Management, LLC 2.36% of their portfolio SANTA MONICA, CA 2,246,5472.2m $57.3m $57.3m 2.36% Added +680.3k +680,296
13 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,968,4912.0m $50.2m $50.2m 0.01% Added +185.4k +185,396
14 1832 Asset Management L.P. 0.08% of their portfolio TORONTO, A6 1,946,1941.9m $49.6m $49.6m 0.08% Added +411.3k +411,308
15 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 1,908,0321.9m $48.7m $48.7m 0.04% Reduced -1.2m -1,242,900
16 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,762,9091.8m $45.0m $45.0m 0.00% Added +519.8k +519,820
17 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,631,6971.6m $41.6m $41.6m 0.01% Added +116.6k +116,574
18 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 1,471,6611.5m $37.5m $37.5m 0.03% Added +1.2m +1,247,763
19 VIEWPOINT INVESTMENT PARTNERS CORP 19.49% of their portfolio CALGARY, A0 1,407,3001.4m $35.7m $35.7m 19.49% Unchanged
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,367,5761.4m $34.9m $34.9m 0.00% Added +688.6k +688,557
21 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 1,292,5681.3m $33.0m $33.0m 0.01% New
22 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 1,227,9941.2m $31.3m $31.3m 0.01% Added +454.7k +454,713
23 Federation des caisses Desjardins du Quebec 0.12% of their portfolio LEVIS, A8 1,159,5271.2m $29.6m $29.6m 0.12% Added +23.3k +23,348
24 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 1,153,0411.2m $29.4m $29.4m 0.02% Added +107.1k +107,053
25 EVERGREEN CAPITAL MANAGEMENT LLC 0.64% of their portfolio Bellevue, WA 1,058,7431.1m $27.0m $27.0m 0.64% Added +22.5k +22,469
26 TIAA TRUST, NATIONAL ASSOCIATION 0.06% of their portfolio CHARLOTTE, NC 1,041,7051.0m $26.6m $26.6m 0.06% Added +173.0k +173,043
27 PARK AVENUE SECURITIES LLC 0.19% of their portfolio NEW YORK, NY 940,588940.6k $24.0m $24.0m 0.19% Added +5.4k +5,384
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 895,980896.0k $22.9m $22.9m 0.00% Reduced -545.4k -545,426
29 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 855,091855.1k $21.8m $21.8m 0.02% Added +297.7k +297,690
30 Checchi Capital Advisers, LLC 1.40% of their portfolio BEVERLY HILLS, CA 797,290797.3k $20.3m $20.3m 1.40% Added +47.2k +47,220
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 788,499788.5k $20.1m $20.1m 0.00% Reduced -261.7k -261,696
32 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 631,612631.6k $16.1m $16.1m 0.00% Added +63.3k +63,292
33 Empowered Funds, LLC 0.15% of their portfolio NEWTOWN SQUARE, PA 600,067600.1k $15.2m $15.2m 0.15% Added +349.3k +349,321
34 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 600,000600.0k $15.3m $15.3m 0.03% Unchanged
35 CIBC Bancorp USA Inc. 0.09% of their portfolio CHICAGO, IL 600,000600.0k $15.3m $15.3m 0.09% First filing
36 New Harbor Financial Group, LLC 2.87% of their portfolio WORCESTER, MA 554,342554.3k $14.1m $14.1m 2.87% Added +38.8k +38,849
37 ALM First Financial Advisors, LLC 2.72% of their portfolio DALLAS, TX 527,748527.7k $13.5m $13.5m 2.72% Unchanged
38 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 469,299469.3k $12.0m $12.0m 0.05% Added +3.8k +3,757
39 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 460,496460.5k $11.7m $11.7m 0.01% Added +81.9k +81,875
40 Beacon Pointe Advisors, LLC 0.09% of their portfolio NEWPORT BEACH, CA 428,526428.5k $10.9m $10.9m 0.09% New
41 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 400,000400.0k $10.2m $10.2m 0.02% Reduced -35.0k -35,000
42 CENTRAL TRUST Co 0.20% of their portfolio JEFFERSON CITY, MO 383,250383.2k $9.8m $9.8m 0.20% Added +48.6k +48,573
43 Whitcomb & Hess, Inc. 2.47% of their portfolio ASHLAND, OH 377,057377.1k $9.6m $9.6m 2.47% Added +17.1k +17,081
44 GUGGENHEIM CAPITAL LLC 0.07% of their portfolio CHICAGO, IL 370,210370.2k $9.4m $9.4m 0.07% Reduced -2.7k -2,740
45 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 365,805365.8k $9.3m $9.3m 0.01% Added +316.9k +316,950
46 Pekin Hardy Strauss, Inc. 0.85% of their portfolio CHICAGO, IL 333,273333.3k $8.5m $8.5m 0.85% Added +18.8k +18,825
47 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 329,046329.0k $8.4m $8.4m 0.02% Added +139.9k +139,924
48 CUTLER INVESTMENT COUNSEL LLC 0.88% of their portfolio Jacksonville, OR 327,602327.6k $8.4m $8.4m 0.88% Added +8.2k +8,213
49 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 321,083321.1k $8.2m $8.2m 0.00% Added +101.8k +101,784
50 VPR Management LLC 3.67% of their portfolio HOUSTON, TX 316,200316.2k $8.1m $8.1m 3.67% Unchanged
51 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 305,450305.4k $7.8m $7.8m 0.00% Reduced -1.8k -1,800
52 ACIMA PRIVATE WEALTH, LLC 2.39% of their portfolio RICHMOND, VA 299,527299.5k $7.6m $7.6m 2.39% Added +22.5k +22,461
53 INTEGRATED CAPITAL MANAGEMENT, INC. 4.59% of their portfolio JESSUP, PA 257,915257.9k $6.6m $6.6m 4.59% Added +7.0k +6,953
54 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 246,916246.9k $6.3m $6.3m 0.01% Added +241 +241
55 OPPENHEIMER & CO INC 0.08% of their portfolio NEW YORK, NY 243,517243.5k $6.2m $6.2m 0.08% Added +98.6k +98,618
56 Cambria Investment Management, L.P. 0.36% of their portfolio Manhattan Beach, CA 234,351234.4k $6.0m $6.0m 0.36% Reduced -1.7k -1,666
57 Almanack Investment Partners, LLC. 0.88% of their portfolio WAYNE, PA 224,188224.2k $5.7m $5.7m 0.88% Added +38.6k +38,551
58 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 219,313219.3k $5.6m $5.6m 0.01% Added +7.8k +7,798
59 Avos Capital Management, LLC 2.56% of their portfolio SEATTLE, WA 214,673214.7k $5.5m $5.5m 2.56% Added +32.1k +32,063
60 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 201,000201.0k $5.1m $5.1m 0.00% Reduced -231.3k -231,300
61 Capital Investment Advisors, LLC 0.08% of their portfolio ATLANTA, GA 199,087199.1k $5.1m $5.1m 0.08% Reduced -15.6k -15,613
62 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 189,877189.9k $4.8m $4.8m 0.03% Added +3.3k +3,341
63 Collaborative Wealth Managment Inc. 1.91% of their portfolio LAKE MARY, FL 185,567185.6k $4.7m $4.7m 1.91% Reduced -433 -433
64 Capitolis Liquid Global Markets LLC 0.04% of their portfolio NEW YORK, NY 175,500175.5k $4.5m $4.5m 0.04% Reduced -123.3k -123,300
65 Friedenthal Financial 2.14% of their portfolio MARLTON, NJ 162,619162.6k $4.1m $4.1m 2.14% New
66 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 160,291160.3k $4.1m $4.1m 0.01% Added +33.1k +33,087
67 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 157,122157.1k $4.0m $4.0m 0.01% Reduced -24.2k -24,183
68 Upper Left Wealth Management, LLC 2.51% of their portfolio TAMPA, FL 156,990157.0k $4.0m $4.0m 2.51% Reduced -2.3k -2,268
69 Kiker Wealth Management, LLC 2.00% of their portfolio JASPER, GA 155,415155.4k $4.0m $4.0m 2.00% Reduced -2.3k -2,258
70 FMR LLC 0.00% of their portfolio BOSTON, MA 154,168154.2k $3.9m $3.9m 0.00% Reduced -27.1k -27,123
71 NKCFO LLC 1.18% of their portfolio GENEVA, IL 153,100153.1k $3.9m $3.9m 1.18% New
72 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 141,523141.5k $3.6m $3.6m 0.01% Reduced -993 -993
73 Clark Capital Management Group, Inc. 0.02% of their portfolio PHILADELPHIA, PA 139,487139.5k $3.6m $3.6m 0.02% New
74 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 138,549138.5k $3.5m $3.5m 0.00% Added +54.4k +54,359
75 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 137,268137.3k $3.5m $3.5m 0.03% Added +2.8k +2,799
76 COMERICA BANK 0.01% of their portfolio DALLAS, TX 136,340136.3k $3.5m $3.5m 0.01% Added +27.3k +27,277
77 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 117,947117.9k $3.0m $3.0m 0.00% Added +3.9k +3,930
78 Waterloo Capital, L.P. 0.21% of their portfolio AUSTIN, TX 108,668108.7k $2.8m $2.8m 0.21% New
79 FIDELITY D & D BANCORP INC 1.42% of their portfolio Dunmore, PA 101,144101.1k $2.6m $2.6m 1.42% Added +8.4k +8,420
80 Crabel Capital Management, LLC 2.26% of their portfolio MILWAUKEE, WI 98,96799.0k $2.5m $2.5m 2.26% Reduced -49.3k -49,254
81 RHS Financial, LLC 1.27% of their portfolio SAN FRANCISCO, CA 95,93895.9k $2.4m $2.4m 1.27% Reduced -5.1k -5,083
82 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 94,09894.1k $2.4m $2.4m 0.00% Reduced -84.9k -84,882
83 Martel Wealth Advisors LLC 0.38% of their portfolio VANCOUVER, WA 85,82785.8k $2.2m $2.2m 0.38% Reduced -1.4k -1,403
84 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 85,22585.2k $2.2m $2.2m 0.01% Reduced -6.3k -6,300
85 Veery Capital, LLC 0.67% of their portfolio Wilmington, DE 83,67483.7k $2.1m $2.1m 0.67% Added +1.3k +1,339
86 Lake Hills Wealth Management, LLC 1.13% of their portfolio AUSTIN, TX 82,74882.7k $2.1m $2.1m 1.13% Added +2.7k +2,710
87 Keebeck Wealth Management 0.25% of their portfolio Chicago, IL 81,67581.7k $2.1m $2.1m 0.25% Reduced -6.0k -5,955
88 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 78,00078.0k $2.0m $2.0m 0.01% Unchanged
89 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 77,75377.8k $2.0m $2.0m 0.00% Reduced -1.4k -1,351
90 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 77,38777.4k $2.0m $2.0m 0.00% Added +12.1k +12,088
91 Rockport Wealth LLC 0.39% of their portfolio Fairview Park, OH 75,57775.6k $1.9m $1.9m 0.39% New
92 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 74,73974.7k $1.9m $1.9m 0.01% Added +640 +640
93 HANCOCK WHITNEY CORP 0.03% of their portfolio GULFPORT, MS 74,62474.6k $1.9m $1.9m 0.03% Reduced -34.5k -34,517
94 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 72,45272.5k $1.8m $1.8m 0.02% Added +4.4k +4,429
95 Delos Wealth Advisors, LLC 1.24% of their portfolio DALLAS, TX 71,88771.9k $1.8m $1.8m 1.24% Added +5.7k +5,663
96 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 69,93969.9k $1.8m $1.8m 0.00% Added +14.7k +14,732
97 Evergreen Private Wealth LLC 0.68% of their portfolio GREENWOOD VILLAGE, CO 65,70265.7k $1.7m $1.7m 0.68% Reduced -700 -700
98 K2 Financial Inc. 1.34% of their portfolio GLENDORA, CA 65,63665.6k $1.7m $1.7m 1.34% Added +3.6k +3,558
99 Bleakley Financial Group, LLC 0.04% of their portfolio PARSIPPANY, NJ 65,19665.2k $1.7m $1.7m 0.04% Added +21.4k +21,389
100 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 64,44664.4k $1.6m $1.6m 0.00% Reduced -29.1k -29,084