Vault-13

VANECK ETF TRUST EMLC

JP MRGAN EM LOC · ETP · CUSIP 92189H300

372 institutional holders +27 vs Q1 2026
136,695,331136.7m shares reported held*
$3.5bnreported value*
62 new 176 added 84 reduced 33 sold out net bought ≈ $89.1m (+3.5m 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 ($91.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.56. Options: 4 managers hold calls ($9.9m notional), 2 hold puts ($1.6m).

Trends to Q2 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: 345Q2 26: 372372Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026372

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 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 25Q3 25: 157 bought or addedQ3 25: 101 cut or sold outQ4 25: 214 bought or addedQ4 25: 94 cut or sold outQ4 25Q1 26: 227 bought or addedQ1 26: 124 cut or sold outQ2 26: 238 bought or addedQ2 26: 117 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024109105
Q4 2024109103
Q1 2025136104
Q2 2025142116
Q3 2025157101
Q4 202521494
Q1 2026227124
Q2 2026238117

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ3 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 0.24Q2 26 calls: $9.9mQ2 26 puts: $1.6mQ2 26P/C 0.16
Numbers
QuarterCallsPutsP/C
Q3 2025$4.7m$00.00
Q4 2025$4.2m$00.00
Q1 2026$4.3m$1.0m0.24
Q2 2026$9.9m$1.6m0.16

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +1,749,736+1.7m
SEI INVESTMENTS CO Added +923,796+923.8k
NEUBERGER BERMAN GROUP LLC Added +836,071+836.1k
ENVESTNET ASSET MANAGEMENT INC Added +759,188+759.2k
MANNING & NAPIER ADVISORS LLC New +632,830+632.8k
Ocean Park Asset Management, LLC New +590,594+590.6k
OLD MISSION CAPITAL LLC Added +502,302+502.3k
Valmark Advisers, Inc. Added +461,177+461.2k
Betterment LLC Added +425,082+425.1k
ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Added +393,484+393.5k

Biggest sellers

Absolute Gestao de Investimentos Ltda. Sold out -888,281-888.3k
Invesco Ltd. Reduced -826,160-826.2k
TORONTO DOMINION BANK Sold out -800,000-800.0k
Asset Management One Co., Ltd. Reduced -761,681-761.7k
PAYDEN & RYGEL Reduced -744,644-744.6k
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -699,714-699.7k
FMR LLC Reduced -693,047-693.0k
JANE STREET GROUP, LLC Sold out -598,512-598.5k
DEUTSCHE BANK AG\ Reduced -534,710-534.7k
CIBC Bancorp USA Inc. Sold out -400,044-400.0k

Biggest calls

SIMPLEX TRADING, LLC Added $8.3m30.6k shares
CITADEL ADVISORS LLC Added $909.9k35.6k shares
JANE STREET GROUP, LLC New $363.0k14.2k shares
IMC-Chicago, LLC New $355.3k13.9k shares

Biggest puts

JANE STREET GROUP, LLC Added $1.2m45.0k shares
CITADEL ADVISORS LLC Reduced $401.3k15.7k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio SAN FRANCISCO, CA 18,755,39318.8m $479.4m $479.4m 0.06% Added +1.7m +1,749,736
2 UBS Group AG 0.05% of their portfolio ZURICH, V8 13,279,42613.3m $339.4m $339.4m 0.05% Added +347.7k +347,723
3 SEI INVESTMENTS CO 0.24% of their portfolio OAKS, PA 10,569,87710.6m $270.2m $270.2m 0.24% Added +923.8k +923,796
4 NEUBERGER BERMAN GROUP LLC 0.10% of their portfolio NEW YORK, NY 5,584,1395.6m $142.7m $142.7m 0.10% Added +836.1k +836,071
5 Valmark Advisers, Inc. 1.36% of their portfolio AKRON, OH 5,004,2195.0m $127.9m $127.9m 1.36% Added +461.2k +461,177
6 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 4,257,7714.3m $108.8m $108.8m 0.03% Added +759.2k +759,188
7 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 3.33% of their portfolio Altamonte Springs, FL 4,059,3844.1m $103.8m $103.8m 3.33% Added +393.5k +393,484
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,460,5173.5m $88.5m $88.5m 0.00% Added +231 +231
9 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,223,0903.2m $82.4m $82.4m 0.01% Added +280.2k +280,169
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,216,5473.2m $82.2m $82.2m 0.00% Added +289.0k +288,998
11 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 3,210,8103.2m $82.1m $82.1m 0.01% Reduced -194.8k -194,789
12 Varma Mutual Pension Insurance Co 0.42% of their portfolio Varma, H9 3,100,0003.1m $79.2m $79.2m 0.42% Unchanged
13 Asset Management One Co., Ltd. 0.17% of their portfolio TOKYO, M0 2,581,6142.6m $66.0m $66.0m 0.17% Reduced -761.7k -761,681
14 1832 Asset Management L.P. 0.06% of their portfolio TORONTO, A6 2,071,2472.1m $52.9m $52.9m 0.06% Added +39.5k +39,535
15 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.18% of their portfolio CHARLOTTE, NC 2,063,1572.1m $52.7m $52.7m 0.18% Added +125.3k +125,283
16 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 1,975,0912.0m $50.5m $50.5m 0.01% Reduced -1.8k -1,772
17 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,933,8021.9m $49.4m $49.4m 0.01% Added +86.3k +86,334
18 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,871,5451.9m $47.8m $47.8m 0.01% Added +338.5k +338,496
19 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 1,773,4401.8m $45.3m $45.3m 0.02% Added +2.4k +2,356
20 FMR LLC 0.00% of their portfolio BOSTON, MA 1,575,5351.6m $40.3m $40.3m 0.00% Reduced -693.0k -693,047
21 PAYDEN & RYGEL 3.04% of their portfolio LOS ANGELES, CA 1,547,4581.5m $39.6m $39.6m 3.04% Reduced -744.6k -744,644
22 PARK AVENUE SECURITIES LLC 0.21% of their portfolio NEW YORK, NY 1,346,6481.3m $34.4m $34.4m 0.21% Added +40.2k +40,181
23 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 1,321,1851.3m $33.8m $33.8m 0.12% Added +145.0k +145,000
24 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 1,153,2261.2m $29.5m $29.5m 0.01% Added +21.3k +21,336
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,140,8111.1m $29.2m $29.2m 0.00% Added +29.2k +29,169
26 EVERGREEN CAPITAL MANAGEMENT LLC 0.49% of their portfolio Bellevue, WA 1,096,5211.1m $28.0m $28.0m 0.49% Added +10.3k +10,308
27 Bank Julius Baer & Co. Ltd, Zurich 0.07% of their portfolio ZURICH, V8 1,049,3301.0m $26.8m $26.8m 0.07% Reduced -7.4k -7,420
28 Madison Asset Management, LLC 0.31% of their portfolio MADISON, WI 1,025,0011.0m $26.2m $26.2m 0.31% Reduced -4.8k -4,810
29 Federation des caisses Desjardins du Quebec 0.08% of their portfolio LEVIS, A8 975,430975.4k $24.9m $24.9m 0.08% Reduced -138.0k -138,028
30 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 966,770966.8k $24.7m $24.7m 0.04% Added +371.5k +371,467
31 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 881,302881.3k $22.5m $22.5m 0.01% Added +24.3k +24,326
32 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 863,527863.5k $22.1m $22.1m 0.01% Added +172.8k +172,758
33 VIEWPOINT INVESTMENT PARTNERS CORP 7.56% of their portfolio CALGARY, A0 857,100857.1k $21.9m $21.9m 7.56% Added +6.1k +6,100
34 Checchi Capital Advisers, LLC 1.37% of their portfolio BEVERLY HILLS, CA 844,765844.8k $21.6m $21.6m 1.37% Reduced -2.3k -2,266
35 OLD MISSION CAPITAL LLC 0.51% of their portfolio CHICAGO, IL 779,222779.2k $19.9m $19.9m 0.51% Added +502.3k +502,302
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 769,045769.0k $19.7m $19.7m 0.00% Added +795 +795
37 ALM First Financial Advisors, LLC 3.23% of their portfolio DALLAS, TX 749,725749.7k $19.2m $19.2m 3.23% Added +173.1k +173,090
38 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 705,929705.9k $18.0m $18.0m 0.00% Reduced -319.6k -319,644
39 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 694,639694.6k $17.8m $17.8m 0.01% Added +5 +5
40 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 687,581687.6k $17.6m $17.6m 0.02% Added +97.5k +97,518
41 New Harbor Financial Group, LLC 2.78% of their portfolio WORCESTER, MA 682,766682.8k $17.5m $17.5m 2.78% Added +54.7k +54,704
42 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 675,186675.2k $17.3m $17.3m 0.01% Reduced -699.7k -699,714
43 Shah Wealth Advisors, LLC 3.84% of their portfolio CHINO HILLS, CA 650,752650.8k $16.6m $16.6m 3.84% First filing
44 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.58% of their portfolio BOSTON, MA 645,385645.4k $16.5m $16.5m 0.58% Reduced -127.9k -127,946
45 NOMURA ASSET MANAGEMENT CO LTD 0.04% of their portfolio TOKYO, M0 642,950643.0k $16.4m $16.4m 0.04% Reduced -325.6k -325,600
46 MANNING & NAPIER ADVISORS LLC 0.21% of their portfolio Fairport, NY 632,830632.8k $16.2m $16.2m 0.21% New
47 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 615,422615.4k $15.7m $15.7m 0.03% Added +110.6k +110,632
48 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 592,613592.6k $15.1m $15.1m 0.01% Added +11.7k +11,673
49 Ocean Park Asset Management, LLC 0.73% of their portfolio SANTA MONICA, CA 590,594590.6k $15.1m $15.1m 0.73% New
50 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 568,779568.8k $14.5m $14.5m 0.00% Reduced -534.7k -534,710
51 CENTRAL TRUST Co 0.25% of their portfolio JEFFERSON CITY, MO 550,291550.3k $14.1m $14.1m 0.25% Added +78.0k +77,963
52 GUGGENHEIM CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 519,994520.0k $13.3m $13.3m 0.09% Added +53.0k +53,017
53 Beacon Pointe Advisors, LLC 0.06% of their portfolio NEWPORT BEACH, CA 506,843506.8k $13.0m $13.0m 0.06% Reduced -9.4k -9,435
54 State of New Jersey Common Pension Fund D 0.04% of their portfolio TRENTON, NJ 500,000500.0k $12.8m $12.8m 0.04% Unchanged
55 Betterment LLC 0.02% of their portfolio NEW YORK, NY 466,217466.2k $11.9m $11.9m 0.02% Added +425.1k +425,082
56 5th Street Advisors, LLC 4.50% of their portfolio Southport, CT 454,085454.1k $11.6m $11.6m 4.50% Added +157.0k +156,972
57 Pekin Hardy Strauss, Inc. 1.01% of their portfolio CHICAGO, IL 447,901447.9k $11.4m $11.4m 1.01% Added +4.1k +4,104
58 RED CEDAR INVESTMENT MANAGEMENT, LLC 1.04% of their portfolio GRAND RAPIDS, MI 429,718429.7k $11.0m $11.0m 1.04% Unchanged
59 Whitcomb & Hess, Inc. 2.35% of their portfolio ASHLAND, OH 425,774425.8k $10.9m $10.9m 2.35% Added +11.3k +11,303
60 Vestmark Advisory Solutions, Inc. 0.10% of their portfolio Wakefield, MA 412,328412.3k $10.5m $10.5m 0.10% Added +4.2k +4,248
61 Kiker Wealth Management, LLC 3.97% of their portfolio JASPER, GA 398,278398.3k $10.2m $10.2m 3.97% Added +41.9k +41,896
62 Fortis Advisors, LLC 4.71% of their portfolio WAYNE, PA 393,850393.9k $10.1m $10.1m 4.71% Reduced -3.2k -3,217
63 CUTLER INVESTMENT COUNSEL LLC 0.82% of their portfolio Jacksonville, OR 341,363341.4k $8.7m $8.7m 0.82% Added +8.2k +8,225
64 ACIMA PRIVATE WEALTH, LLC 2.45% of their portfolio RICHMOND, VA 329,409329.4k $8.4m $8.4m 2.45% Added +6.1k +6,113
65 Envestnet Portfolio Solutions, Inc. 0.04% of their portfolio BERWYN, PA 321,847321.8k $8.2m $8.2m 0.04% Added +56.5k +56,490
66 VPR Management LLC 3.25% of their portfolio HOUSTON, TX 316,200316.2k $8.1m $8.1m 3.25% Unchanged
67 Bleakley Financial Group, LLC 0.10% of their portfolio PARSIPPANY, NJ 310,640310.6k $7.9m $7.9m 0.10% Added +78.0k +77,955
68 Ethos Financial Group, LLC 0.52% of their portfolio KING OF PRUSSIA, PA 307,076307.1k $7.8m $7.8m 0.52% Reduced -18.2k -18,175
69 Summit Global Investments 0.41% of their portfolio BOUNTIFUL, UT 295,865295.9k $7.6m $7.6m 0.41% Added +28.9k +28,890
70 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 292,288292.3k $7.5m $7.5m 0.01% Added +14.9k +14,879
71 OPPENHEIMER & CO INC 0.08% of their portfolio NEW YORK, NY 286,314286.3k $7.3m $7.3m 0.08% Reduced -579 -579
72 Clark Capital Management Group, Inc. 0.04% of their portfolio PHILADELPHIA, PA 268,623268.6k $6.9m $6.9m 0.04% Added +12.0k +11,958
73 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 262,296262.3k $6.7m $6.7m 0.01% Added +131.4k +131,367
74 Avos Capital Management, LLC 2.77% of their portfolio SEATTLE, WA 260,974261.0k $6.7m $6.7m 2.77% Added +17.3k +17,321
75 JBGlobal.com LLC 5.71% of their portfolio NEW YORK, NY 255,469255.5k $6.5m $6.5m 5.71% New
76 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 249,560249.6k $6.4m $6.4m 0.00% Added +16.2k +16,160
77 Waverly Advisors, LLC 0.04% of their portfolio BIRMINGHAM, AL 248,986249.0k $6.4m $6.4m 0.04% Added +17.3k +17,300
78 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 248,010248.0k $6.3m $6.3m 0.01% Reduced -50.5k -50,508
79 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 243,947243.9k $6.2m $6.2m 0.01% Added +2.2k +2,250
80 INTEGRATED CAPITAL MANAGEMENT, INC. 4.31% of their portfolio JESSUP, PA 241,460241.5k $6.2m $6.2m 4.31% Reduced -29.8k -29,831
81 Cambria Investment Management, L.P. 0.29% of their portfolio Manhattan Beach, CA 233,439233.4k $5.9m $5.9m 0.29% Added +6.7k +6,668
82 WealthPlan Investment Management, LLC 0.29% of their portfolio OMAHA, NE 228,279228.3k $5.8m $5.8m 0.29% Reduced -16.2k -16,238
83 Capital Investment Advisors, LLC 0.07% of their portfolio ATLANTA, GA 219,515219.5k $5.6m $5.6m 0.07% Reduced -444 -444
84 Rockport Wealth LLC 0.91% of their portfolio Fairview Park, OH 212,980213.0k $5.4m $5.4m 0.91% Added +18.4k +18,373
85 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 209,849209.8k $5.4m $5.4m 0.01% Reduced -7.1k -7,114
86 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 202,211202.2k $5.2m $5.2m 0.00% New
87 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 184,067184.1k $4.7m $4.7m 0.02% Added +2.8k +2,822
88 EXCHANGE TRADED CONCEPTS, LLC 0.02% of their portfolio Oklahoma City, OK 180,794180.8k $4.6m $4.6m 0.02% New
89 Pinnacle Wealth Management Group, Inc. 2.13% of their portfolio PLYMOUTH, MI 178,959179.0k $4.6m $4.6m 2.13% Added +2.8k +2,808
90 Stratos Wealth Partners, LTD. 0.04% of their portfolio BEACHWOOD, OH 174,463174.5k $4.5m $4.5m 0.04% Added +9.6k +9,616
91 OneDigital Investment Advisors LLC 0.04% of their portfolio OVERLAND PARK, KS 173,164173.2k $4.4m $4.4m 0.04% New
92 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 172,552172.6k $4.4m $4.4m 0.01% Reduced -1.1k -1,094
93 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 168,214168.2k $4.3m $4.3m 0.01% Added +12.5k +12,527
94 TIAA TRUST, NATIONAL ASSOCIATION 0.25% of their portfolio CHARLOTTE, NC 165,870165.9k $4.2m $4.2m 0.25% Added +3.7k +3,694
95 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 165,294165.3k $4.2m $4.2m 0.03% Reduced -9.3k -9,305
96 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 163,798163.8k $4.2m $4.2m 0.00% Added +34.6k +34,648
97 Upper Left Wealth Management, LLC 2.32% of their portfolio TAMPA, FL 163,502163.5k $4.2m $4.2m 2.32% Added +4.3k +4,327
98 ELEVATION POINT WEALTH PARTNERS, LLC 0.08% of their portfolio DENVER, CO 162,956163.0k $4.2m $4.2m 0.08% Added +4.7k +4,742
99 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 160,911160.9k $4.1m $4.1m 0.00% Added +6.7k +6,698
100 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 158,436158.4k $4.0m $4.0m 0.00% Added +48.3k +48,303