Vault-13

VANECK ETF TRUST HYD

HIGH YLD MUNIETF · ETP · CUSIP 92189H409

328 institutional holders -19 vs Q1 2025
48,743,00948.7m shares reported held*
$2.4bnreported value*
42 new 112 added 126 reduced 63 sold out net bought ≈ $16.1m (+321.2k 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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.22. Options: 5 managers hold calls ($6.6m notional), 4 hold puts ($6.7m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 256Q4 22: 283Q1 23: 283Q2 23: 284Q3 23: 289Q4 23: 320Q1 24: 304Q2 24: 318Q3 24: 330Q4 24: 342Q1 25: 347Q2 25: 328328Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022256
Q4 2022283
Q1 2023283
Q2 2023284
Q3 2023289
Q4 2023320
Q1 2024304
Q2 2024318
Q3 2024330
Q4 2024342
Q1 2025347
Q2 2025328

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 130 bought or addedQ3 23: 135 cut or sold outQ4 23: 150 bought or addedQ4 23: 158 cut or sold outQ4 23Q1 24: 167 bought or addedQ1 24: 143 cut or sold outQ2 24: 162 bought or addedQ2 24: 135 cut or sold outQ2 24Q3 24: 160 bought or addedQ3 24: 147 cut or sold outQ4 24: 164 bought or addedQ4 24: 148 cut or sold outQ4 24Q1 25: 164 bought or addedQ1 25: 159 cut or sold outQ2 25: 154 bought or addedQ2 25: 189 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023130135
Q4 2023150158
Q1 2024167143
Q2 2024162135
Q3 2024160147
Q4 2024164148
Q1 2025164159
Q2 2025154189

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 24 calls: $1.3mQ3 24 puts: $3.7mQ3 24P/C 2.90Q4 24 calls: $2.2mQ4 24 puts: $27.1mQ4 24P/C 12.49Q1 25 calls: $4.9mQ1 25 puts: $9.9mQ1 25P/C 2.00Q2 25 calls: $6.6mQ2 25 puts: $6.7mQ2 25P/C 1.01
Numbers
QuarterCallsPutsP/C
Q3 2024$1.3m$3.7m2.90
Q4 2024$2.2m$27.1m12.49
Q1 2025$4.9m$9.9m2.00
Q2 2025$6.6m$6.7m1.01

Biggest buyers

ROYAL BANK OF CANADA Added +2,051,790+2.1m
FMR LLC Added +1,873,319+1.9m
Focus Partners Wealth Added +284,263+284.3k
AMERIPRISE FINANCIAL INC Added +158,024+158.0k
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ New +156,724+156.7k
RENAISSANCE TECHNOLOGIES LLC Added +120,541+120.5k
JPMORGAN CHASE & CO Added +118,079+118.1k
OSAIC HOLDINGS, INC. Added +114,232+114.2k
Sanctuary Advisors, LLC Added +108,144+108.1k
Rockefeller Capital Management L.P. Added +107,482+107.5k

Biggest sellers

GRIMES & Co WEALTH MANAGEMENT, LLC Reduced -1,194,307-1.2m
Counterpoint Mutual Funds LLC Sold out -950,000-950.0k
SEI INVESTMENTS CO Reduced -510,519-510.5k
Wealthspire Advisors, LLC Reduced -391,697-391.7k
BANK OF AMERICA CORP /DE/ Reduced -320,019-320.0k
JANE STREET GROUP, LLC Sold out -240,951-241.0k
Forum Financial Management, LP Reduced -229,993-230.0k
TOWNSQUARE CAPITAL LLC Sold out -182,784-182.8k
UBS Group AG Reduced -122,734-122.7k
Ellevest, Inc. Reduced -106,071-106.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.7m94.1k shares
CITADEL ADVISORS LLC Added $1.4m28.6k shares
JANE STREET GROUP, LLC New $431.8k8.6k shares
GROUP ONE TRADING LLC New $40.2k800 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.3m66.4k shares
JANE STREET GROUP, LLC New $2.0m40.1k shares
WOLVERINE TRADING, LLC Reduced $1.0m20.5k shares
CITADEL ADVISORS LLC Reduced $346.4k6.9k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FMR LLC 13G · institution +2.2 pts · filed 2026-08-06 9.2% +2.2 pts 8.1m≈ $418.0m 2026-08-06

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 15,397,32015.4m $773.1m $773.1m 0.06% Reduced -320.0k -320,019
2 FMR LLC 0.01% of their portfolio BOSTON, MA 4,651,0874.7m $233.5m $233.5m 0.01% Added +1.9m +1,873,319
3 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 3,748,5703.7m $188.2m $188.2m 0.02% Added +2.1m +2,051,790
4 SEI INVESTMENTS CO 0.17% of their portfolio OAKS, PA 2,887,3852.9m $145.0m $145.0m 0.17% Reduced -510.5k -510,519
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 1,790,7421.8m $89.9m $89.9m 0.07% Added +73.6k +73,586
6 Focus Partners Wealth 0.18% of their portfolio ST LOUIS, MO 1,689,0321.7m $84.8m $84.8m 0.18% Added +284.3k +284,263
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,403,3781.4m $70.5m $70.5m 0.00% Added +51.4k +51,449
8 ASSETMARK, INC 0.14% of their portfolio CONCORD, CA 1,216,9071.2m $61.1m $61.1m 0.14% Added +53.7k +53,682
9 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 1,011,1441.0m $50.8m $50.8m 0.07% Added +37.9k +37,887
10 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 856,633856.6k $43.0m $43.0m 0.01% Added +91.6k +91,559
11 Ocean Park Asset Management, LLC 1.48% of their portfolio SANTA MONICA, CA 812,700812.7k $41.6m $41.6m 1.48% Unchanged
12 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 802,105802.1k $40.3m $40.3m 0.01% Added +5.4k +5,432
13 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 649,680649.7k $32.6m $32.6m 0.01% Reduced -68.9k -68,948
14 TIAA TRUST, NATIONAL ASSOCIATION 0.08% of their portfolio CHARLOTTE, NC 641,370641.4k $32.2m $32.2m 0.08% Reduced -22.5k -22,498
15 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 617,071617.1k $31.0m $31.0m 0.01% Added +48.9k +48,879
16 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 568,929568.9k $28.5m $28.5m 0.01% Added +158.0k +158,024
17 REGIONS FINANCIAL CORP 0.18% of their portfolio BIRMINGHAM, AL 525,511525.5k $26.4m $26.4m 0.18% Added +31.4k +31,436
18 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 365,449365.4k $18.3m $18.3m 0.00% Reduced -4.3k -4,265
19 Avantax Planning Partners, Inc. 0.55% of their portfolio DUBUQUE, IA 342,410342.4k $17.2m $17.2m 0.55% Added +12.6k +12,561
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 335,530335.5k $16.8m $16.8m 0.00% Reduced -122.7k -122,734
21 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 280,062280.1k $14.1m $14.1m 0.03% Added +114.2k +114,232
22 Revolve Wealth Partners, LLC 1.51% of their portfolio Hackensack, NJ 230,612230.6k $11.6m $11.6m 1.51% Added +39.1k +39,056
23 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 215,464215.5k $10.8m $10.8m 0.03% Added +14.9k +14,872
24 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 197,022197.0k $9.9m $9.9m 0.00% Reduced -15.8k -15,816
25 CWM, LLC 0.03% of their portfolio OMAHA, NE 185,416185.4k $9.3m $9.3m 0.03% Added +2.0k +1,971
26 Forum Financial Management, LP 0.14% of their portfolio LOMBARD, IL 179,883179.9k $9.0m $9.0m 0.14% Reduced -230.0k -229,993
27 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 178,900178.9k $9.0m $9.0m 0.00% Reduced -99.6k -99,600
28 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 172,639172.6k $8.7m $8.7m 0.01% Reduced -19.8k -19,760
29 Sanctuary Advisors, LLC 0.05% of their portfolio INDIANAPOLIS, IN 171,792171.8k $8.6m $8.6m 0.05% Added +108.1k +108,144
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 168,997169.0k $8.5m $8.5m 0.00% Added +118.1k +118,079
31 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 0.42% of their portfolio SALT LAKE CITY, UT 156,724156.7k $7.9m $7.9m 0.42% New
32 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 154,764154.8k $7.8m $7.8m 0.01% Added +120.5k +120,541
33 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 148,386148.4k $7.5m $7.5m 0.01% Added +107.5k +107,482
34 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.16% of their portfolio Seattle, WA 137,433137.4k $6.9m $6.9m 0.16% Added +24.7k +24,701
35 GUGGENHEIM CAPITAL LLC 0.06% of their portfolio CHICAGO, IL 136,227136.2k $6.8m $6.8m 0.06% Reduced -7.2k -7,162
36 OneDigital Investment Advisors LLC 0.08% of their portfolio OVERLAND PARK, KS 134,809134.8k $6.8m $6.8m 0.08% Reduced -67.1k -67,144
37 Merit Financial Group, LLC 0.07% of their portfolio ALPHARETTA, GA 124,718124.7k $6.3m $6.3m 0.07% Added +76.6k +76,576
38 Retirement Investment Advisors, Inc. 0.55% of their portfolio OKLAHOMA CITY, OK 122,317122.3k $6.1m $6.1m 0.55% Added +13.1k +13,141
39 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 122,174122.2k $6.1m $6.1m 0.01% Added +21.4k +21,427
40 Full Sail Capital, LLC 0.34% of their portfolio OKLAHOMA CITY, OK 115,838115.8k $5.8m $5.8m 0.34% Added +19.6k +19,647
41 Kestra Investment Management, LLC 0.09% of their portfolio AUSTIN, TX 114,833114.8k $5.8m $5.8m 0.09% Added +20.0k +19,961
42 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 103,322103.3k $5.2m $5.2m 0.01% Reduced -39.4k -39,408
43 Veery Capital, LLC 1.77% of their portfolio Wilmington, DE 102,731102.7k $5.2m $5.2m 1.77% Reduced -3.0k -2,972
44 Betterment LLC 0.01% of their portfolio NEW YORK, NY 102,641102.6k $5.2m $5.2m 0.01% Added +45.7k +45,695
45 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 100,250100.2k $5.0m $5.0m 0.01% Reduced -78.9k -78,889
46 NewSquare Capital LLC 0.36% of their portfolio NEWTOWN SQUARE, PA 95,70695.7k $4.8m $4.8m 0.36% Added +1.1k +1,142
47 Cyndeo Wealth Partners, LLC 0.27% of their portfolio ST. PETERSBURG, FL 90,59690.6k $4.5m $4.5m 0.27% Reduced -6.5k -6,492
48 IFG Advisory, LLC 0.23% of their portfolio ATLANTA, GA 89,40489.4k $4.5m $4.5m 0.23% Added +1.9k +1,913
49 TruWealth Advisors, LLC 0.24% of their portfolio Metairie, LA 86,12786.1k $4.3m $4.3m 0.24% Added +13.8k +13,765
50 Ironwood Investment Counsel, LLC 0.66% of their portfolio SCOTTSDALE, AZ 85,21985.2k $4.3m $4.3m 0.66% Reduced -2.6k -2,587
51 Focus Partners Advisor Solutions, LLC 0.06% of their portfolio SAINT LOUIS, MO 84,87084.9k $4.3m $4.3m 0.06% Reduced -842 -842
52 Mariner, LLC 0.01% of their portfolio Overland Park, KS 84,63284.6k $4.2m $4.2m 0.01% Added +587 +587
53 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 79,12179.1k $4.0m $4.0m 0.00% Reduced -1.3k -1,345
54 Insight Wealth Strategies, LLC 0.50% of their portfolio SAN RAMON, CA 78,92478.9k $4.0m $4.0m 0.50% Added +1.5k +1,479
55 Ellevest, Inc. 0.63% of their portfolio NEW YORK, NY 78,46978.5k $3.9m $3.9m 0.63% Reduced -106.1k -106,071
56 Wealthspire Advisors, LLC 0.02% of their portfolio NEW YORK, NY 76,25876.3k $3.8m $3.8m 0.02% Reduced -391.7k -391,697
57 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 76,24976.2k $3.8m $3.8m 0.00% Reduced -87.0k -87,038
58 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 75,67675.7k $3.8m $3.8m 0.01% Added +29.3k +29,292
59 SageView Advisory Group, LLC 0.14% of their portfolio Newport Beach, CA 73,60473.6k $3.6m $3.6m 0.14% Unchanged
60 COMERICA BANK 0.01% of their portfolio DALLAS, TX 68,06768.1k $3.4m $3.4m 0.01% Added +49.3k +49,341
61 Trivium Point Advisory, LLC 0.36% of their portfolio WILTON, CT 66,45166.5k $3.3m $3.3m 0.36% Reduced -3.4k -3,399
62 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 64,89464.9k $3.3m $3.3m 0.01% Added +2.8k +2,759
63 Brady Martz Wealth Solutions, LLC 0.62% of their portfolio GRAND FORKS, ND 63,85163.9k $3.2m $3.2m 0.62% Unchanged
64 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 63,71963.7k $3.2m $3.2m 0.02% New
65 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 61,63361.6k $3.1m $3.1m 0.01% Added +20.1k +20,127
66 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 60,29660.3k $3.0m $3.0m 0.03% Added +11.7k +11,696
67 Quadrature Capital Ltd 0.05% of their portfolio LONDON, X0 59,96360.0k $3.0m $3.0m 0.05% Added +48.1k +48,116
68 Rehmann Capital Advisory Group 0.17% of their portfolio LANSING, MI 55,39555.4k $2.8m $2.8m 0.17% Added +30.1k +30,149
69 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 54,66054.7k $2.7m $2.7m 0.03% Reduced -2.6k -2,638
70 BlackRock, Inc. 0.00% of their portfolio New York, NY 54,48654.5k $2.7m $2.7m 0.00% Added +54.2k +54,222
71 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 52,55452.6k $2.6m $2.6m 0.02% Added +9.6k +9,631
72 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 52,15152.2k $2.6m $2.6m 0.01% Reduced -11.7k -11,657
73 Wealthcare Advisory Partners LLC 0.06% of their portfolio WEST CHESTER, PA 49,86649.9k $2.5m $2.5m 0.06% Reduced -31.2k -31,170
74 GROUP ONE TRADING LLC 0.08% of their portfolio CHICAGO, IL 46,93146.9k $2.4m $2.4m 0.08% New
75 Idaho Trust Co 0.82% of their portfolio BOISE, ID 45,43745.4k $2.3m $2.3m 0.82% Unchanged
76 FAS Wealth Partners, Inc. 0.16% of their portfolio LEAWOOD, KS 43,52043.5k $2.2m $2.2m 0.16% Reduced -14.0k -14,022
77 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 39,72339.7k $2.0m $2.0m 0.03% Reduced -1.3k -1,266
78 Valmark Advisers, Inc. 0.03% of their portfolio AKRON, OH 39,42839.4k $2.0m $2.0m 0.03% Added +320 +320
79 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.03% of their portfolio MINNEAPOLIS, MN 38,60638.6k $1.9m $1.9m 0.03% New
80 Apeiron RIA LLC 0.49% of their portfolio Dallas, TX 38,28038.3k $1.9m $1.9m 0.49% Reduced -492 -492
81 Williams & Novak, LLC 1.60% of their portfolio WESTLAKE VILLAGE, CA 37,53137.5k $1.9m $1.9m 1.60% Added +8.8k +8,810
82 Wedmont Private Capital 0.08% of their portfolio WEST CHESTER, PA 37,52637.5k $1.9m $1.9m 0.08% Added +498 +498
83 Geneos Wealth Management Inc. 0.05% of their portfolio ENGLEWOOD, CO 37,09537.1k $1.9m $1.9m 0.05% Reduced -70.3k -70,268
84 BROWN WEALTH MANAGEMENT, LLC 0.55% of their portfolio NAPERVILLE, IL 35,01735.0k $1.8m $1.8m 0.55% Reduced -31.0k -30,963
85 Melone Private Wealth, LLC 0.85% of their portfolio AUBURN HILLS, MI 33,21033.2k $1.7m $1.7m 0.85% Reduced -12.1k -12,094
86 Sage Mountain Advisors LLC 0.11% of their portfolio ATLANTA, GA 33,04533.0k $1.7m $1.7m 0.11% Reduced -775 -775
87 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 32,58532.6k $1.6m $1.6m 0.04% New
88 FIRST UNITED BANK & TRUST 0.53% of their portfolio OAKLAND, MD 30,34630.3k $1.5m $1.5m 0.53% Reduced -6.2k -6,182
89 DRAVO BAY LLC 0.73% of their portfolio REHOBOTH BEACH, DE 29,96430.0k $1.5m $1.5m 0.73% Reduced -4.3k -4,259
90 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 29,74329.7k $1.5m $1.5m 0.00% Added +5.9k +5,876
91 Financial Network Wealth Advisors LLC 1.72% of their portfolio MURRAY, UT 28,16228.2k $1.4m $1.4m 1.72% Reduced -2.7k -2,680
92 Westside Investment Management, Inc. 0.26% of their portfolio SANTA MONICA, CA 27,78327.8k $1.4m $1.4m 0.26% Reduced -894 -894
93 RIVERSEDGE ADVISORS, LLC 0.26% of their portfolio Wilmington, DE 26,65726.7k $1.3m $1.3m 0.26% Reduced -8.3k -8,281
94 CERTIOR FINANCIAL GROUP, LLC 1.02% of their portfolio KING OF PRUSSIA, PA 26,36126.4k $1.3m $1.3m 1.02% Added +1.5k +1,459
95 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 25,72625.7k $1.3m $1.3m 0.00% Reduced -1.7k -1,675
96 Ausdal Financial Partners, Inc. 0.09% of their portfolio Davenport, IA 25,62925.6k $1.3m $1.3m 0.09% Reduced -145 -145
97 NWAM LLC 0.07% of their portfolio MERCER ISLAND, WA 25,43825.4k $1.3m $1.3m 0.07% Added +4.7k +4,709
98 SK Wealth Management, LLC 0.55% of their portfolio PROVIDENCE, RI 25,18325.2k $1.3m $1.3m 0.55% Added +195 +195
99 PINNACLE ASSOCIATES LTD 0.02% of their portfolio NEW YORK, NY 24,47524.5k $1.2m $1.2m 0.02% New
100 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 24,36324.4k $1.2m $1.2m 0.01% Reduced -2.1k -2,116