Vault-13

VANECK ETF TRUST EMLC

JP MRGAN EM LOC · ETP · CUSIP 92189H300

345 institutional holders +14 vs Q4 2025
132,759,469132.8m shares reported held*
$3.3bnreported value*
59 new 168 added 79 reduced 45 sold out net bought ≈ $619.9m (+24.6m 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 ($90.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.10. Options: 2 managers hold calls ($4.3m notional), 2 hold puts ($1.0m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 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: 265Q4 25: 331Q1 26: 345345Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025331
Q1 2026345

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q4 25: 214 bought or addedQ4 25: 94 cut or sold outQ1 26: 227 bought or addedQ1 26: 124 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024106107
Q3 2024109105
Q4 2024109103
Q1 2025136104
Q2 2025142116
Q3 2025157101
Q4 202521494
Q1 2026227124

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ2 25 calls: $10.0mQ2 25 puts: $360.0kQ2 25P/C 0.04Q3 25 calls: $4.7mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $4.2mQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $4.3mQ1 26 puts: $1.0mQ1 26P/C 0.24
Numbers
QuarterCallsPutsP/C
Q2 2025$10.0m$360.0k0.04
Q3 2025$4.7m$00.00
Q4 2025$4.2m$00.00
Q1 2026$4.3m$1.0m0.24

Biggest buyers

UBS Group AG Added +10,290,061+10.3m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +2,676,151+2.7m
NEUBERGER BERMAN GROUP LLC Added +2,093,000+2.1m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +1,989,165+2.0m
Bank Julius Baer & Co. Ltd, Zurich New +1,056,750+1.1m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +986,687+986.7k
Absolute Gestao de Investimentos Ltda. New +888,281+888.3k
Invesco Ltd. Added +826,067+826.1k
Calamos Advisors LLC Added +793,185+793.2k
PARTNERS CAPITAL INVESTMENT GROUP, LLP New +773,331+773.3k

Biggest sellers

ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Reduced -2,929,289-2.9m
Ocean Park Asset Management, LLC Sold out -2,776,482-2.8m
TIAA TRUST, NATIONAL ASSOCIATION Reduced -1,791,075-1.8m
HSBC HOLDINGS PLC Reduced -1,166,320-1.2m
VIEWPOINT INVESTMENT PARTNERS CORP Reduced -502,700-502.7k
TORONTO DOMINION BANK Reduced -400,000-400.0k
Insight Wealth Strategies, LLC Reduced -303,514-303.5k
NewEdge Advisors, LLC Reduced -301,649-301.6k
WELLS FARGO & COMPANY/MN Reduced -251,289-251.3k
Almanack Investment Partners, LLC. Reduced -190,695-190.7k

Biggest calls

SIMPLEX TRADING, LLC Reduced $3.8m22.5k shares
CITADEL ADVISORS LLC New $514.8k20.5k shares

Biggest puts

JANE STREET GROUP, LLC New $580.0k23.1k shares
CITADEL ADVISORS LLC New $424.4k16.9k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio SAN FRANCISCO, CA 17,005,65717.0m $427.0m $427.0m 0.07% Added +2.0m +1,989,165
2 UBS Group AG 0.06% of their portfolio ZURICH, V8 12,931,70312.9m $324.7m $324.7m 0.06% Added +10.3m +10,290,061
3 SEI INVESTMENTS CO 0.22% of their portfolio OAKS, PA 9,646,0819.6m $242.2m $242.2m 0.22% Added +359.2k +359,239
4 NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio NEW YORK, NY 4,748,0684.7m $119.2m $119.2m 0.09% Added +2.1m +2,093,000
5 Valmark Advisers, Inc. 1.36% of their portfolio AKRON, OH 4,543,0424.5m $114.1m $114.1m 1.36% Added +123.9k +123,864
6 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 3.22% of their portfolio Altamonte Springs, FL 3,665,9003.7m $92.1m $92.1m 3.22% Reduced -2.9m -2,929,289
7 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 3,498,5833.5m $87.8m $87.8m 0.02% Added +530.8k +530,846
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,460,2863.5m $86.9m $86.9m 0.00% Added +469.6k +469,585
9 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 3,405,5993.4m $85.5m $85.5m 0.02% Added +2.7m +2,676,151
10 Asset Management One Co., Ltd. 0.25% of their portfolio TOKYO, M0 3,343,2953.3m $84.0m $84.0m 0.25% Added +637.3k +637,300
11 Varma Mutual Pension Insurance Co 0.46% of their portfolio Varma, H9 3,100,0003.1m $77.8m $77.8m 0.46% Unchanged
12 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,942,9212.9m $73.9m $73.9m 0.01% Added +430.4k +430,376
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,927,5492.9m $73.5m $73.5m 0.00% Added +381.4k +381,427
14 PAYDEN & RYGEL 4.48% of their portfolio LOS ANGELES, CA 2,292,1022.3m $57.6m $57.6m 4.48% Reduced -143.4k -143,360
15 FMR LLC 0.00% of their portfolio BOSTON, MA 2,268,5822.3m $57.0m $57.0m 0.00% Reduced -36.6k -36,626
16 1832 Asset Management L.P. 0.07% of their portfolio TORONTO, A6 2,031,7122.0m $51.0m $51.0m 0.07% Added +95.0k +95,036
17 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 1,976,8632.0m $49.6m $49.6m 0.01% Added +746.8k +746,781
18 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.19% of their portfolio CHARLOTTE, NC 1,937,8741.9m $48.7m $48.7m 0.19% First filing
19 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,847,4681.8m $46.4m $46.4m 0.01% Reduced -251.3k -251,289
20 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 1,771,0841.8m $44.5m $44.5m 0.02% Added +281.4k +281,351
21 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,533,0491.5m $38.5m $38.5m 0.01% Added +506.4k +506,388
22 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 1,374,9001.4m $34.1m $34.1m 0.03% Added +986.7k +986,687
23 PARK AVENUE SECURITIES LLC 0.26% of their portfolio NEW YORK, NY 1,306,4671.3m $32.8m $32.8m 0.26% Added +272.2k +272,214
24 Calamos Advisors LLC 0.11% of their portfolio NAPERVILLE, IL 1,176,1851.2m $29.5m $29.5m 0.11% Added +793.2k +793,185
25 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 1,131,8901.1m $28.4m $28.4m 0.02% Reduced -1.2m -1,166,320
26 Federation des caisses Desjardins du Quebec 0.10% of their portfolio LEVIS, A8 1,113,4581.1m $28.0m $28.0m 0.10% Reduced -32.8k -32,813
27 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,111,6421.1m $27.9m $27.9m 0.01% Added +92.8k +92,773
28 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,103,4891.1m $27.7m $27.7m 0.01% Added +289.0k +289,002
29 EVERGREEN CAPITAL MANAGEMENT LLC 0.59% of their portfolio Bellevue, WA 1,086,2131.1m $27.3m $27.3m 0.59% Added +7.9k +7,896
30 Bank Julius Baer & Co. Ltd, Zurich 0.08% of their portfolio ZURICH, V8 1,056,7501.1m $26.5m $26.5m 0.08% New
31 Madison Asset Management, LLC 0.32% of their portfolio MADISON, WI 1,029,8111.0m $25.9m $25.9m 0.32% Added +517.9k +517,850
32 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,025,5731.0m $25.8m $25.8m 0.01% Added +134.7k +134,659
33 NOMURA ASSET MANAGEMENT CO LTD 0.06% of their portfolio TOKYO, M0 968,550968.5k $24.3m $24.3m 0.06% Added +490.0k +489,973
34 Absolute Gestao de Investimentos Ltda. 2.55% of their portfolio SAO PAULO, D5 888,281888.3k $22.3m $22.3m 2.55% New
35 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 856,976857.0k $21.5m $21.5m 0.01% Added +200.1k +200,102
36 VIEWPOINT INVESTMENT PARTNERS CORP 9.28% of their portfolio CALGARY, A0 851,000851.0k $20.0m $20.0m 9.28% Reduced -502.7k -502,700
37 Checchi Capital Advisers, LLC 1.46% of their portfolio BEVERLY HILLS, CA 847,031847.0k $21.3m $21.3m 1.46% Added +52.4k +52,404
38 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 836,368836.4k $21.0m $21.0m 0.00% Added +826.1k +826,067
39 TORONTO DOMINION BANK 0.04% of their portfolio TORONTO, ONTARIO, A6 800,000800.0k $20.1m $20.1m 0.04% Reduced -400.0k -400,000
40 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.73% of their portfolio BOSTON, MA 773,331773.3k $19.4m $19.4m 0.73% New
41 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 768,250768.2k $19.3m $19.3m 0.00% Reduced -11.0k -11,028
42 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 694,634694.6k $17.4m $17.4m 0.02% Added +321.1k +321,146
43 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 690,769690.8k $17.3m $17.3m 0.01% Added +608.4k +608,440
44 New Harbor Financial Group, LLC 2.86% of their portfolio WORCESTER, MA 628,062628.1k $15.8m $15.8m 2.86% Added +32.1k +32,054
45 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 598,512598.5k $15.0m $15.0m 0.02% New
46 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 595,303595.3k $14.9m $14.9m 0.03% Added +23.3k +23,278
47 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 590,063590.1k $14.8m $14.8m 0.02% Added +81.4k +81,412
48 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 580,940580.9k $14.6m $14.6m 0.01% Added +34.7k +34,731
49 ALM First Financial Advisors, LLC 2.60% of their portfolio DALLAS, TX 576,635576.6k $14.5m $14.5m 2.60% Added +48.9k +48,887
50 Beacon Pointe Advisors, LLC 0.07% of their portfolio NEWPORT BEACH, CA 516,278516.3k $13.0m $13.0m 0.07% Added +66.3k +66,302
51 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 504,790504.8k $12.7m $12.7m 0.04% Added +158.4k +158,387
52 State of New Jersey Common Pension Fund D 0.05% of their portfolio TRENTON, NJ 500,000500.0k $12.6m $12.6m 0.05% New
53 CENTRAL TRUST Co 0.23% of their portfolio JEFFERSON CITY, MO 472,328472.3k $11.9m $11.9m 0.23% Added +49.7k +49,698
54 GUGGENHEIM CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 466,977467.0k $11.7m $11.7m 0.09% Added +55.9k +55,948
55 Pekin Hardy Strauss, Inc. 1.16% of their portfolio CHICAGO, IL 443,797443.8k $11.1m $11.1m 1.16% Added +62.3k +62,340
56 RED CEDAR INVESTMENT MANAGEMENT, LLC 1.12% of their portfolio GRAND RAPIDS, MI 429,718429.7k $10.8m $10.8m 1.12% New
57 Whitcomb & Hess, Inc. 2.43% of their portfolio ASHLAND, OH 414,471414.5k $10.4m $10.4m 2.43% Added +11.0k +11,040
58 Vestmark Advisory Solutions, Inc. 0.11% of their portfolio Wakefield, MA 408,080408.1k $10.2m $10.2m 0.11% Added +5.6k +5,643
59 CIBC Bancorp USA Inc. 0.01% of their portfolio CHICAGO, IL 400,044400.0k $10.0m $10.0m 0.01% First filing
60 Fortis Advisors, LLC 4.99% of their portfolio WAYNE, PA 397,067397.1k $10.0m $10.0m 4.99% New
61 Kiker Wealth Management, LLC 4.27% of their portfolio JASPER, GA 356,382356.4k $8.9m $8.9m 4.27% Added +346.8k +346,801
62 Insight Wealth Strategies, LLC 0.94% of their portfolio SAN RAMON, CA 333,725333.7k $8.4m $8.4m 0.94% Reduced -303.5k -303,514
63 CUTLER INVESTMENT COUNSEL LLC 0.86% of their portfolio Jacksonville, OR 333,138333.1k $8.4m $8.4m 0.86% Reduced -3.7k -3,731
64 Ethos Financial Group, LLC 0.60% of their portfolio KING OF PRUSSIA, PA 325,251325.3k $8.2m $8.2m 0.60% Added +28.8k +28,844
65 ACIMA PRIVATE WEALTH, LLC 2.55% of their portfolio RICHMOND, VA 323,296323.3k $8.1m $8.1m 2.55% Reduced -136 -136
66 VPR Management LLC 3.17% of their portfolio HOUSTON, TX 316,200316.2k $7.9m $7.9m 3.17% Unchanged
67 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 298,518298.5k $7.5m $7.5m 0.01% Reduced -85.1k -85,116
68 5th Street Advisors, LLC 3.23% of their portfolio Southport, CT 297,113297.1k $7.5m $7.5m 3.23% New
69 OPPENHEIMER & CO INC 0.09% of their portfolio NEW YORK, NY 286,893286.9k $7.2m $7.2m 0.09% Added +43.5k +43,520
70 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 277,409277.4k $7.0m $7.0m 0.01% Added +18.1k +18,064
71 OLD MISSION CAPITAL LLC 0.16% of their portfolio CHICAGO, IL 276,920276.9k $7.0m $7.0m 0.16% New
72 Point Nemo Capital, LLC 4.54% of their portfolio DRIPPING SPRINGS, TX 274,229274.2k $6.9m $6.9m 4.54% New
73 INTEGRATED CAPITAL MANAGEMENT, INC. 4.53% of their portfolio JESSUP, PA 271,291271.3k $6.8m $6.8m 4.53% Reduced -1.3k -1,256
74 Summit Global Investments 0.40% of their portfolio BOUNTIFUL, UT 266,975267.0k $6.7m $6.7m 0.40% New
75 Envestnet Portfolio Solutions, Inc. 0.04% of their portfolio BERWYN, PA 265,357265.4k $6.7m $6.7m 0.04% Added +40.7k +40,691
76 Clark Capital Management Group, Inc. 0.04% of their portfolio PHILADELPHIA, PA 256,665256.7k $6.4m $6.4m 0.04% Added +114.2k +114,206
77 WealthPlan Investment Management, LLC 0.34% of their portfolio OMAHA, NE 244,517244.5k $6.1m $6.1m 0.34% Added +153.6k +153,593
78 Avos Capital Management, LLC 2.42% of their portfolio SEATTLE, WA 243,653243.7k $6.1m $6.1m 2.42% Added +27.0k +27,036
79 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 241,697241.7k $6.1m $6.1m 0.01% Reduced -5.5k -5,540
80 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 233,400233.4k $5.8m $5.8m 0.00% Added +82.1k +82,078
81 Bleakley Financial Group, LLC 0.09% of their portfolio PARSIPPANY, NJ 232,685232.7k $5.8m $5.8m 0.09% Added +130.5k +130,516
82 Waverly Advisors, LLC 0.04% of their portfolio BIRMINGHAM, AL 231,686231.7k $5.8m $5.8m 0.04% New
83 Cambria Investment Management, L.P. 0.32% of their portfolio Manhattan Beach, CA 226,771226.8k $5.7m $5.7m 0.32% Reduced -10.4k -10,437
84 Capital Investment Advisors, LLC 0.08% of their portfolio ATLANTA, GA 219,959220.0k $5.5m $5.5m 0.08% Added +5.9k +5,905
85 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 216,963217.0k $5.4m $5.4m 0.01% Added +10.8k +10,800
86 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 203,300203.3k $5.1m $5.1m 0.01% New
87 Lake Hills Wealth Management, LLC 2.81% of their portfolio AUSTIN, TX 200,183200.2k $5.0m $5.0m 2.81% Added +25.4k +25,357
88 Rockport Wealth LLC 0.89% of their portfolio Fairview Park, OH 194,607194.6k $4.9m $4.9m 0.89% Added +115.7k +115,723
89 rebel Financial LLC 2.07% of their portfolio GROVEPORT, OH 190,178190.2k $4.8m $4.8m 2.07% Added +6.5k +6,494
90 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 188,649188.6k $4.7m $4.7m 0.01% Added +188.6k +188,620
91 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 181,245181.2k $4.6m $4.6m 0.02% Reduced -1.2k -1,156
92 Pinnacle Wealth Management Group, Inc. 2.17% of their portfolio PLYMOUTH, MI 176,151176.2k $4.4m $4.4m 2.17% New
93 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 174,599174.6k $4.4m $4.4m 0.03% Added +33.6k +33,557
94 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 173,646173.6k $4.4m $4.4m 0.02% Reduced -301.6k -301,649
95 Stratos Wealth Partners, LTD. 0.05% of their portfolio BEACHWOOD, OH 164,847164.8k $4.1m $4.1m 0.05% Added +150.6k +150,598
96 TIAA TRUST, NATIONAL ASSOCIATION 0.25% of their portfolio CHARLOTTE, NC 162,176162.2k $4.1m $4.1m 0.25% Reduced -1.8m -1,791,075
97 Upper Left Wealth Management, LLC 2.36% of their portfolio TAMPA, FL 159,175159.2k $4.0m $4.0m 2.36% Reduced -3.1k -3,078
98 ELEVATION POINT WEALTH PARTNERS, LLC 0.09% of their portfolio DENVER, CO 158,214158.2k $4.0m $4.0m 0.09% Added +10.9k +10,863
99 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 155,687155.7k $3.9m $3.9m 0.01% Reduced -3.7k -3,708
100 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 154,213154.2k $3.9m $3.9m 0.00% Added +41.1k +41,061