Vault-13

VANECK ETF TRUST HYD

HIGH YLD MUNIETF · ETP · CUSIP 92189H409

336 institutional holders +8 vs Q2 2025
50,045,98850.0m shares reported held*
$2.5bnreported value*
41 new 127 added 125 reduced 27 sold out net bought ≈ $67.8m (+1.3m 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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.89. Options: 6 managers hold calls ($11.0m notional), 4 hold puts ($6.1m).

Trends to Q3 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: 328Q3 25: 336336Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025336

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 150 bought or addedQ4 23: 158 cut or sold outQ1 24: 167 bought or addedQ1 24: 143 cut or sold outQ1 24Q2 24: 162 bought or addedQ2 24: 135 cut or sold outQ3 24: 160 bought or addedQ3 24: 147 cut or sold outQ3 24Q4 24: 164 bought or addedQ4 24: 148 cut or sold outQ1 25: 164 bought or addedQ1 25: 159 cut or sold outQ1 25Q2 25: 154 bought or addedQ2 25: 189 cut or sold outQ3 25: 168 bought or addedQ3 25: 152 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023150158
Q1 2024167143
Q2 2024162135
Q3 2024160147
Q4 2024164148
Q1 2025164159
Q2 2025154189
Q3 2025168152

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ4 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 1.01Q3 25 calls: $11.0mQ3 25 puts: $6.1mQ3 25P/C 0.55
Numbers
QuarterCallsPutsP/C
Q4 2024$2.2m$27.1m12.49
Q1 2025$4.9m$9.9m2.00
Q2 2025$6.6m$6.7m1.01
Q3 2025$11.0m$6.1m0.55

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +1,133,993+1.1m
Forum Financial Management, LP Added +1,097,133+1.1m
PRUDENTIAL FINANCIAL INC Added +726,750+726.8k
Counterpoint Mutual Funds LLC New +358,150+358.1k
FMR LLC Added +291,848+291.8k
MERCER GLOBAL ADVISORS INC /ADV Added +215,450+215.4k
HighTower Advisors, LLC Added +205,196+205.2k
WESTWOOD HOLDINGS GROUP INC New +201,968+202.0k
Man Group plc Added +198,315+198.3k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +169,892+169.9k

Biggest sellers

ROYAL BANK OF CANADA Reduced -1,853,174-1.9m
Ocean Park Asset Management, LLC Reduced -785,274-785.3k
Focus Partners Wealth Reduced -327,121-327.1k
Bank of New York Mellon Corp Reduced -201,411-201.4k
GOLDMAN SACHS GROUP INC Reduced -190,380-190.4k
Avantax Planning Partners, Inc. Reduced -144,767-144.8k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -106,968-107.0k
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ Reduced -100,386-100.4k
MML INVESTORS SERVICES, LLC Reduced -99,971-100.0k
NewSquare Capital LLC Sold out -95,706-95.7k

Biggest calls

ROBINSON CAPITAL MANAGEMENT, LLC New $6.3m123.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.3m64.3k shares
CITADEL ADVISORS LLC Reduced $778.8k15.3k shares
WOLVERINE TRADING, LLC New $346.1k6.8k shares
JANE STREET GROUP, LLC Reduced $244.3k4.8k shares
GROUP ONE TRADING LLC Added $87.5k2.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.6m51.0k shares
CITADEL ADVISORS LLC Added $1.8m34.6k shares
WOLVERINE TRADING, LLC Added $1.4m27.9k shares
JANE STREET GROUP, LLC Reduced $305.4k6.0k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 16,531,31316.5m $841.4m $841.4m 0.06% Added +1.1m +1,133,993
2 FMR LLC 0.01% of their portfolio BOSTON, MA 4,942,9354.9m $251.6m $251.6m 0.01% Added +291.8k +291,848
3 SEI INVESTMENTS CO 0.16% of their portfolio OAKS, PA 2,971,0873.0m $151.2m $151.2m 0.16% Added +83.7k +83,702
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 1,960,6342.0m $99.8m $99.8m 0.07% Added +169.9k +169,892
5 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,895,3961.9m $96.5m $96.5m 0.02% Reduced -1.9m -1,853,174
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,470,6251.5m $74.9m $74.9m 0.00% Added +67.2k +67,247
7 Focus Partners Wealth 0.11% of their portfolio ST LOUIS, MO 1,361,9111.4m $69.4m $69.4m 0.11% Reduced -327.1k -327,121
8 Forum Financial Management, LP 0.89% of their portfolio LOMBARD, IL 1,277,0161.3m $65.0m $65.0m 0.89% Added +1.1m +1,097,133
9 ASSETMARK, INC 0.14% of their portfolio CONCORD, CA 1,251,1941.3m $63.7m $63.7m 0.14% Added +34.3k +34,287
10 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 904,176904.2k $46.0m $46.0m 0.06% Reduced -107.0k -106,968
11 PRUDENTIAL FINANCIAL INC 0.05% of their portfolio NEWARK, NJ 827,000827.0k $42.1m $42.1m 0.05% Added +726.8k +726,750
12 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 795,731795.7k $40.5m $40.5m 0.01% Reduced -6.4k -6,374
13 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 754,721754.7k $38.4m $38.4m 0.01% Added +105.0k +105,041
14 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 686,666686.7k $35.0m $35.0m 0.01% Added +117.7k +117,737
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 666,253666.3k $33.9m $33.9m 0.00% Reduced -190.4k -190,380
16 TIAA TRUST, NATIONAL ASSOCIATION 0.07% of their portfolio CHARLOTTE, NC 602,466602.5k $30.7m $30.7m 0.07% Reduced -38.9k -38,904
17 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 540,163540.2k $27.5m $27.5m 0.01% Reduced -76.9k -76,908
18 REGIONS FINANCIAL CORP 0.09% of their portfolio BIRMINGHAM, AL 533,121533.1k $27.1m $27.1m 0.09% Added +7.6k +7,610
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 366,264366.3k $18.6m $18.6m 0.00% Added +30.7k +30,734
20 Counterpoint Mutual Funds LLC 1.44% of their portfolio San Diego, CA 358,150358.1k $18.2m $18.2m 1.44% New
21 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 327,370327.4k $16.7m $16.7m 0.02% Added +205.2k +205,196
22 Revolve Wealth Partners, LLC 1.96% of their portfolio Hackensack, NJ 320,604320.6k $16.3m $16.3m 1.96% Added +90.0k +89,992
23 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 292,708292.7k $14.6m $14.6m 0.02% Added +12.6k +12,646
24 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 277,083277.1k $14.1m $14.1m 0.02% Added +215.4k +215,450
25 OneDigital Investment Advisors LLC 0.14% of their portfolio OVERLAND PARK, KS 259,318259.3k $13.2m $13.2m 0.14% Added +124.5k +124,509
26 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 209,731209.7k $10.7m $10.7m 0.00% Added +12.7k +12,709
27 Man Group plc 0.02% of their portfolio LONDON, X0 208,809208.8k $10.6m $10.6m 0.02% Added +198.3k +198,315
28 WESTWOOD HOLDINGS GROUP INC 0.07% of their portfolio DALLAS, TX 201,968202.0k $10.3m $10.3m 0.07% New
29 Avantax Planning Partners, Inc. 0.29% of their portfolio DUBUQUE, IA 197,643197.6k $10.1m $10.1m 0.29% Reduced -144.8k -144,767
30 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 181,027181.0k $9.2m $9.2m 0.01% Added +8.4k +8,388
31 CWM, LLC 0.03% of their portfolio OMAHA, NE 179,580179.6k $9.1m $9.1m 0.03% Reduced -5.8k -5,836
32 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 178,900178.9k $9.1m $9.1m 0.00% Unchanged
33 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 164,038164.0k $8.3m $8.3m 0.00% Reduced -201.4k -201,411
34 Full Sail Capital, LLC 0.45% of their portfolio OKLAHOMA CITY, OK 161,999162.0k $8.2m $8.2m 0.45% Added +46.2k +46,161
35 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 150,700150.7k $7.7m $7.7m 0.01% Reduced -4.1k -4,064
36 Retirement Investment Advisors, Inc. 0.57% of their portfolio OKLAHOMA CITY, OK 134,974135.0k $6.9m $6.9m 0.57% Added +12.7k +12,657
37 SUMMIT WEALTH GROUP LLC / CO 0.67% of their portfolio COLORADO SPRINGS, CO 128,331128.3k $6.3m $6.3m 0.67% Added +122.2k +122,235
38 GUGGENHEIM CAPITAL LLC 0.05% of their portfolio CHICAGO, IL 124,424124.4k $6.3m $6.3m 0.05% Reduced -11.8k -11,803
39 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.13% of their portfolio Seattle, WA 123,627123.6k $6.3m $6.3m 0.13% Reduced -13.8k -13,806
40 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 123,623123.6k $6.3m $6.3m 0.02% Reduced -48.2k -48,169
41 Merit Financial Group, LLC 0.05% of their portfolio ALPHARETTA, GA 116,850116.8k $5.9m $5.9m 0.05% Reduced -7.9k -7,868
42 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 115,493115.5k $5.9m $5.9m 0.02% Reduced -100.0k -99,971
43 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 109,788109.8k $5.6m $5.6m 0.00% Reduced -59.2k -59,209
44 Veery Capital, LLC 1.70% of their portfolio Wilmington, DE 105,774105.8k $5.4m $5.4m 1.70% Added +3.0k +3,043
45 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 103,248103.2k $5.3m $5.3m 0.01% Reduced -74 -74
46 CAPSTONE INVESTMENT ADVISORS, LLC 0.04% of their portfolio NEW YORK, NY 99,30199.3k $5.1m $5.1m 0.04% New
47 Beacon Pointe Advisors, LLC 0.04% of their portfolio NEWPORT BEACH, CA 94,33094.3k $4.8m $4.8m 0.04% Added +34.0k +34,034
48 Cyndeo Wealth Partners, LLC 0.26% of their portfolio ST. PETERSBURG, FL 91,55991.6k $4.7m $4.7m 0.26% Added +963 +963
49 IFG Advisory, LLC 0.21% of their portfolio ATLANTA, GA 89,98790.0k $4.6m $4.6m 0.21% Added +583 +583
50 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 88,82688.8k $4.5m $4.5m 0.00% Added +9.7k +9,705
51 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 87,41987.4k $4.4m $4.4m 0.01% Added +11.7k +11,743
52 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.07% of their portfolio MINNEAPOLIS, MN 87,37387.4k $4.4m $4.4m 0.07% Added +48.8k +48,767
53 Mariner, LLC 0.01% of their portfolio Overland Park, KS 83,39883.4k $4.2m $4.2m 0.01% Reduced -1.2k -1,234
54 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 82,28082.3k $4.2m $4.2m 0.01% Reduced -66.1k -66,106
55 Focus Partners Advisor Solutions, LLC 0.05% of their portfolio SAINT LOUIS, MO 82,00982.0k $4.2m $4.2m 0.05% Reduced -2.9k -2,861
56 Ellevest, Inc. 0.59% of their portfolio NEW YORK, NY 81,63081.6k $4.2m $4.2m 0.59% Added +3.2k +3,161
57 Insight Wealth Strategies, LLC 0.47% of their portfolio SAN RAMON, CA 79,02279.0k $4.0m $4.0m 0.47% Added +98 +98
58 SageView Advisory Group, LLC 0.14% of their portfolio Newport Beach, CA 78,81878.8k $4.0m $4.0m 0.14% Added +5.2k +5,214
59 Kestra Investment Management, LLC 0.10% of their portfolio AUSTIN, TX 75,97476.0k $3.9m $3.9m 0.10% Reduced -38.9k -38,859
60 Wealthspire Advisors, LLC 0.02% of their portfolio NEW YORK, NY 74,29074.3k $3.8m $3.8m 0.02% Reduced -2.0k -1,968
61 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 73,63273.6k $3.7m $3.7m 0.00% Reduced -2.6k -2,617
62 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 72,54772.5k $3.7m $3.7m 0.01% Added +7.7k +7,653
63 Ironwood Investment Counsel, LLC 0.52% of their portfolio SCOTTSDALE, AZ 70,25570.3k $3.6m $3.6m 0.52% Reduced -15.0k -14,964
64 Trivium Point Advisory, LLC 0.35% of their portfolio WILTON, CT 66,63166.6k $3.4m $3.4m 0.35% Added +180 +180
65 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 64,65364.7k $3.3m $3.3m 0.01% Added +934 +934
66 Brady Martz Wealth Solutions, LLC 0.59% of their portfolio GRAND FORKS, ND 63,88463.9k $3.3m $3.3m 0.59% Added +33 +33
67 Avidian Wealth Enterprises, LLC 0.12% of their portfolio Houston, TX 63,21763.2k $3.2m $3.2m 0.12% New
68 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 62,49762.5k $3.2m $3.2m 0.01% Added +10.3k +10,346
69 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 60,72460.7k $3.1m $3.1m 0.03% Added +6.1k +6,064
70 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 0.14% of their portfolio SALT LAKE CITY, UT 56,33856.3k $2.9m $2.9m 0.14% Reduced -100.4k -100,386
71 Wealthcare Advisory Partners LLC 0.06% of their portfolio WEST CHESTER, PA 54,41554.4k $2.8m $2.8m 0.06% Added +4.5k +4,549
72 Hamilton Wealth, LLC 0.46% of their portfolio LOS ANGELES, CA 43,51543.5k $2.2m $2.2m 0.46% New
73 Idaho Trust Co 0.74% of their portfolio BOISE, ID 43,09443.1k $2.2m $2.2m 0.74% Reduced -2.3k -2,343
74 FAS Wealth Partners, Inc. 0.14% of their portfolio LEAWOOD, KS 41,39641.4k $2.1m $2.1m 0.14% Reduced -2.1k -2,124
75 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 41,26741.3k $2.1m $2.1m 0.01% Added +33.5k +33,461
76 Wedmont Private Capital 0.07% of their portfolio WEST CHESTER, PA 38,77738.8k $2.0m $2.0m 0.07% Added +1.3k +1,251
77 Valmark Advisers, Inc. 0.03% of their portfolio AKRON, OH 38,62238.6k $2.0m $2.0m 0.03% Reduced -806 -806
78 One Capital Management, LLC 0.06% of their portfolio WESTLAKE VILLAGE, CA 36,57536.6k $1.9m $1.9m 0.06% New
79 INTRUST BANK NA 0.15% of their portfolio WICHITA, KS 35,38035.4k $1.8m $1.8m 0.15% New
80 OPPENHEIMER & CO INC 0.02% of their portfolio NEW YORK, NY 35,25635.3k $1.8m $1.8m 0.02% Reduced -4.5k -4,467
81 PINNACLE ASSOCIATES LTD 0.02% of their portfolio NEW YORK, NY 33,87033.9k $1.7m $1.7m 0.02% Added +9.4k +9,395
82 Melone Private Wealth, LLC 0.77% of their portfolio AUBURN HILLS, MI 33,54833.5k $1.7m $1.7m 0.77% Added +338 +338
83 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 33,47233.5k $1.7m $1.7m 0.01% Reduced -19.1k -19,082
84 GROUP ONE TRADING LLC 0.05% of their portfolio CHICAGO, IL 33,03133.0k $1.7m $1.7m 0.05% Reduced -13.9k -13,900
85 Apeiron RIA LLC 0.38% of their portfolio Dallas, TX 32,89132.9k $1.7m $1.7m 0.38% Reduced -5.4k -5,389
86 BlackRock, Inc. 0.00% of their portfolio New York, NY 32,86432.9k $1.7m $1.7m 0.00% Reduced -21.6k -21,622
87 Betterment LLC 0.00% of their portfolio NEW YORK, NY 32,78532.8k $1.7m $1.7m 0.00% Reduced -69.9k -69,856
88 BROWN WEALTH MANAGEMENT, LLC 0.47% of their portfolio NAPERVILLE, IL 32,55732.6k $1.7m $1.7m 0.47% Reduced -2.5k -2,460
89 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 32,35432.4k $1.6m $1.6m 0.00% Added +2.6k +2,611
90 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 32,01132.0k $1.6m $1.6m 0.00% Added +10.4k +10,424
91 DRAVO BAY LLC 0.70% of their portfolio REHOBOTH BEACH, DE 31,23331.2k $1.6m $1.6m 0.70% Added +1.3k +1,269
92 KENNEDY INVESTMENT GROUP, INC. 0.63% of their portfolio WEST DEPTFORD, NJ 31,17631.2k $1.6m $1.6m 0.63% Added +22.6k +22,631
93 Westside Investment Management, Inc. 0.24% of their portfolio SANTA MONICA, CA 29,38029.4k $1.5m $1.5m 0.24% Added +1.6k +1,597
94 Narus Financial Partners, LLC 0.41% of their portfolio SALT LAKE CITY, UT 29,09529.1k $1.5m $1.5m 0.41% Added +11.6k +11,600
95 Smartleaf Asset Management LLC 0.09% of their portfolio BOSTON, MA 29,03329.0k $1.5m $1.5m 0.09% Added +24.4k +24,440
96 Joseph Group Capital Management 0.41% of their portfolio COLUMBUS, OH 28,39228.4k $1.4m $1.4m 0.41% Added +10.0k +9,969
97 CERTIOR FINANCIAL GROUP, LLC 0.96% of their portfolio KING OF PRUSSIA, PA 27,85627.9k $1.4m $1.4m 0.96% Added +1.5k +1,495
98 EXCHANGE TRADED CONCEPTS, LLC 0.01% of their portfolio Oklahoma City, OK 27,42627.4k $1.4m $1.4m 0.01% Added +8.6k +8,638
99 Ocean Park Asset Management, LLC 0.06% of their portfolio SANTA MONICA, CA 27,42627.4k $1.4m $1.4m 0.06% Reduced -785.3k -785,274
100 Ausdal Financial Partners, Inc. 0.07% of their portfolio Davenport, IA 26,52326.5k $1.4m $1.4m 0.07% Added +894 +894