Vault-13

VANECK ETF TRUST HYD

HIGH YLD MUNIETF · ETP · CUSIP 92189H409

348 institutional holders +2 vs Q4 2025
58,517,53058.5m shares reported held*
$2.9bnreported value*
40 new 140 added 115 reduced 37 sold out net bought ≈ $5.5m (-1.6k 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 ($208.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.15. Options: 6 managers hold calls ($11.3m notional), 3 hold puts ($5.4m).

Trends to Q1 2026

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: 336Q4 25: 346Q1 26: 348348Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025346
Q1 2026348

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q4 25: 167 bought or addedQ4 25: 148 cut or sold outQ1 26: 180 bought or addedQ1 26: 152 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024162135
Q3 2024160147
Q4 2024164148
Q1 2025164159
Q2 2025154189
Q3 2025168152
Q4 2025167148
Q1 2026180152

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ2 25 calls: $6.6mQ2 25 puts: $6.7mQ2 25P/C 1.01Q3 25 calls: $11.0mQ3 25 puts: $6.1mQ3 25P/C 0.55Q4 25 calls: $10.6mQ4 25 puts: $28.2mQ4 25P/C 2.67Q1 26 calls: $11.3mQ1 26 puts: $5.4mQ1 26P/C 0.47
Numbers
QuarterCallsPutsP/C
Q2 2025$6.6m$6.7m1.01
Q3 2025$11.0m$6.1m0.55
Q4 2025$10.6m$28.2m2.67
Q1 2026$11.3m$5.4m0.47

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +3,239,944+3.2m
American Family Investments, Inc. Added +974,000+974.0k
SEI INVESTMENTS CO Added +264,550+264.6k
AMERICAN CENTURY COMPANIES INC Added +223,300+223.3k
JANE STREET GROUP, LLC Added +179,734+179.7k
RAYMOND JAMES FINANCIAL INC Added +170,056+170.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +144,962+145.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +105,582+105.6k
CITADEL ADVISORS LLC New +79,803+79.8k
Focus Partners Advisor Solutions, LLC New +77,362+77.4k

Biggest sellers

HighTower Advisors, LLC Reduced -1,858,783-1.9m
GOLDMAN SACHS GROUP INC Reduced -867,462-867.5k
Man Group plc Reduced -598,805-598.8k
TIAA TRUST, NATIONAL ASSOCIATION Reduced -525,867-525.9k
Counterpoint Mutual Funds LLC Sold out -441,820-441.8k
CAPSTONE INVESTMENT ADVISORS, LLC Sold out -202,701-202.7k
FMR LLC Reduced -192,230-192.2k
FSA Advisors, Inc. Reduced -127,592-127.6k
PRUDENTIAL FINANCIAL INC Reduced -103,000-103.0k
Hamilton Wealth, LLC Sold out -98,723-98.7k

Biggest calls

ROBINSON CAPITAL MANAGEMENT, LLC Added $6.2m121.2k shares
CITADEL ADVISORS LLC Added $2.3m46.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.2m23.9k shares
GROUP ONE TRADING LLC Reduced $591.7k11.8k shares
JANE STREET GROUP, LLC Added $586.6k11.7k shares
IMC-Chicago, LLC New $446.2k8.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.5m50.8k shares
CITADEL ADVISORS LLC Added $2.5m49.1k shares
JANE STREET GROUP, LLC Reduced $356.0k7.1k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 20,710,04620.7m $1.0bn $1.0bn 0.08% Added +3.2m +3,239,944
2 FMR LLC 0.02% of their portfolio BOSTON, MA 6,057,4516.1m $303.7m $303.7m 0.02% Reduced -192.2k -192,230
3 American Family Investments, Inc. 5.12% of their portfolio MADISON, WI 3,881,0183.9m $194.6m $194.6m 5.12% Added +974.0k +974,000
4 SEI INVESTMENTS CO 0.16% of their portfolio OAKS, PA 3,507,6293.5m $175.9m $175.9m 0.16% Added +264.6k +264,550
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 2,145,6502.1m $107.6m $107.6m 0.07% Added +105.6k +105,582
6 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,868,3751.9m $93.7m $93.7m 0.02% Reduced -14.0k -13,985
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,356,4781.4m $68.0m $68.0m 0.00% Added +59.1k +59,113
8 ASSETMARK, INC 0.13% of their portfolio CONCORD, CA 1,279,6051.3m $64.2m $64.2m 0.13% Reduced -34.6k -34,597
9 Forum Financial Management, LP 0.90% of their portfolio LOMBARD, IL 1,273,5421.3m $63.9m $63.9m 0.90% Added +21.5k +21,471
10 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 1,164,1091.2m $58.4m $58.4m 0.06% Reduced -81.0k -80,959
11 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 865,227865.2k $43.4m $43.4m 0.06% Reduced -31.5k -31,480
12 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 838,296838.3k $42.0m $42.0m 0.01% Reduced -10.7k -10,694
13 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 809,597809.6k $40.6m $40.6m 0.01% Reduced -5.8k -5,834
14 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 777,980778.0k $39.0m $39.0m 0.01% Reduced -867.5k -867,462
15 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 640,644640.6k $32.1m $32.1m 0.03% Reduced -1.9m -1,858,783
16 REGIONS FINANCIAL CORP 0.17% of their portfolio BIRMINGHAM, AL 533,851533.9k $26.8m $26.8m 0.17% Added +7.0k +6,967
17 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.10% of their portfolio CHARLOTTE, NC 499,214499.2k $25.0m $25.0m 0.10% First filing
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 441,245441.2k $22.1m $22.1m 0.00% Added +70.3k +70,337
19 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 426,273426.3k $21.4m $21.4m 0.01% Reduced -52.9k -52,898
20 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 405,960406.0k $20.4m $20.4m 0.01% Added +170.1k +170,056
21 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 402,200402.2k $20.2m $20.2m 0.01% Added +223.3k +223,300
22 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 376,895376.9k $18.9m $18.9m 0.02% Reduced -103.0k -103,000
23 OneDigital Investment Advisors LLC 0.15% of their portfolio OVERLAND PARK, KS 300,637300.6k $15.1m $15.1m 0.15% Reduced -17.7k -17,694
24 Revolve Wealth Partners, LLC 1.92% of their portfolio Hackensack, NJ 295,300295.3k $14.8m $14.8m 1.92% Reduced -5.9k -5,936
25 WESTWOOD HOLDINGS GROUP INC 0.10% of their portfolio DALLAS, TX 279,030279.0k $14.0m $14.0m 0.10% Added +23.1k +23,143
26 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 238,870238.9k $12.0m $12.0m 0.02% Reduced -7.4k -7,357
27 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 235,246235.2k $11.8m $11.8m 0.01% Added +38.2k +38,203
28 Avantax Planning Partners, Inc. 0.29% of their portfolio DUBUQUE, IA 211,755211.8k $10.6m $10.6m 0.29% Added +44.2k +44,164
29 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 192,394192.4k $9.6m $9.6m 0.01% Added +179.7k +179,734
30 CWM, LLC 0.02% of their portfolio OMAHA, NE 174,689174.7k $8.8m $8.8m 0.02% Added +786 +786
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 150,124150.1k $7.5m $7.5m 0.00% Reduced -2.5k -2,486
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 149,558149.6k $7.5m $7.5m 0.01% Added +145.0k +144,962
33 Merit Financial Group, LLC 0.06% of their portfolio ALPHARETTA, GA 149,429149.4k $7.5m $7.5m 0.06% Added +25.9k +25,944
34 Retirement Investment Advisors, Inc. 0.61% of their portfolio OKLAHOMA CITY, OK 147,397147.4k $7.5m $7.5m 0.61% Added +2.6k +2,592
35 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 124,408124.4k $6.2m $6.2m 0.03% Added +21.3k +21,305
36 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 120,711120.7k $6.1m $6.1m 0.03% Added +45.8k +45,842
37 Cyndeo Wealth Partners, LLC 0.30% of their portfolio ST. PETERSBURG, FL 115,192115.2k $5.8m $5.8m 0.30% Added +19.0k +18,974
38 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 112,274112.3k $5.6m $5.6m 0.01% Reduced -16.7k -16,660
39 Smartleaf Asset Management LLC 0.19% of their portfolio BOSTON, MA 105,664105.7k $5.3m $5.3m 0.19% Added +33.4k +33,350
40 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 105,625105.6k $5.3m $5.3m 0.04% Reduced -13.7k -13,699
41 Veery Capital, LLC 1.42% of their portfolio Wilmington, DE 92,63892.6k $4.6m $4.6m 1.42% Reduced -12.5k -12,539
42 Ellevest, Inc. 0.63% of their portfolio NEW YORK, NY 89,73089.7k $4.5m $4.5m 0.63% Added +3.5k +3,478
43 Insight Wealth Strategies, LLC 0.48% of their portfolio SAN RAMON, CA 86,45486.5k $4.3m $4.3m 0.48% Added +19.1k +19,072
44 Bernicke Wealth Management, Ltd. 0.55% of their portfolio ALTOONA, WI 85,45385.5k $4.3m $4.3m 0.55% Added +1.3k +1,280
45 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 84,16884.2k $4.2m $4.2m 0.01% Added +5.2k +5,157
46 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 81,96882.0k $4.1m $4.1m 0.02% Added +7.7k +7,677
47 Mariner, LLC 0.00% of their portfolio Overland Park, KS 80,47980.5k $4.0m $4.0m 0.00% Added +405 +405
48 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 79,80379.8k $4.0m $4.0m 0.00% New
49 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 79,21979.2k $4.0m $4.0m 0.01% Added +6.9k +6,920
50 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 77,43677.4k $3.9m $3.9m 0.00% Reduced -2.2k -2,179
51 Focus Partners Advisor Solutions, LLC 0.04% of their portfolio SAINT LOUIS, MO 77,36277.4k $3.9m $3.9m 0.04% New
52 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.07% of their portfolio Seattle, WA 76,29076.3k $3.8m $3.8m 0.07% Reduced -44.0k -44,034
53 Trivium Point Advisory, LLC 0.68% of their portfolio WILTON, CT 74,87174.9k $3.8m $3.8m 0.68% Added +1.5k +1,500
54 Wealthspire Advisors, LLC 0.03% of their portfolio NEW YORK, NY 73,94573.9k $3.7m $3.7m 0.03% Added +1.8k +1,814
55 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 71,49171.5k $3.6m $3.6m 0.00% Reduced -337 -337
56 Wealthcare Advisory Partners LLC 0.07% of their portfolio WEST CHESTER, PA 69,44069.4k $3.5m $3.5m 0.07% Added +9.4k +9,364
57 Avidian Wealth Enterprises, LLC 0.11% of their portfolio Houston, TX 68,13568.1k $3.4m $3.4m 0.11% Added +4.1k +4,062
58 Ironwood Investment Counsel, LLC 0.46% of their portfolio SCOTTSDALE, AZ 64,33764.3k $3.2m $3.2m 0.46% Reduced -1.7k -1,736
59 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.05% of their portfolio MINNEAPOLIS, MN 63,08263.1k $3.2m $3.2m 0.05% Reduced -41.4k -41,363
60 Man Group plc 0.01% of their portfolio LONDON, X0 59,68459.7k $3.0m $3.0m 0.01% Reduced -598.8k -598,805
61 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 59,26759.3k $3.0m $3.0m 0.00% Added +23.0k +23,039
62 CERTIOR FINANCIAL GROUP, LLC 1.85% of their portfolio KING OF PRUSSIA, PA 57,77457.8k $2.9m $2.9m 1.85% Added +27.6k +27,577
63 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 57,34257.3k $2.9m $2.9m 0.01% Unchanged
64 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 52,13952.1k $2.6m $2.6m 0.01% Reduced -56.1k -56,074
65 Brady Martz Wealth Solutions, LLC 0.43% of their portfolio GRAND FORKS, ND 50,28650.3k $2.5m $2.5m 0.43% Reduced -4.4k -4,372
66 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 0.16% of their portfolio SALT LAKE CITY, UT 49,54849.5k $2.5m $2.5m 0.16% Reduced -58.7k -58,729
67 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 48,71848.7k $2.5m $2.5m 0.01% Reduced -30.6k -30,603
68 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 47,01747.0k $2.4m $2.4m 0.02% Reduced -267 -267
69 FAS Wealth Partners, Inc. 0.14% of their portfolio LEAWOOD, KS 44,64244.6k $2.2m $2.2m 0.14% Added +817 +817
70 Valmark Advisers, Inc. 0.03% of their portfolio AKRON, OH 44,10344.1k $2.2m $2.2m 0.03% Added +2.8k +2,836
71 TIAA TRUST, NATIONAL ASSOCIATION 0.13% of their portfolio CHARLOTTE, NC 42,20542.2k $2.1m $2.1m 0.13% Reduced -525.9k -525,867
72 Narus Financial Partners, LLC 0.55% of their portfolio SALT LAKE CITY, UT 41,53041.5k $2.1m $2.1m 0.55% Added +12.5k +12,505
73 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 40,50740.5k $2.0m $2.0m 0.00% Added +4.0k +4,019
74 LAUREL OAK WEALTH MANAGEMENT, LLC 0.34% of their portfolio MARLTON, NJ 40,19540.2k $2.0m $2.0m 0.34% Added +10.1k +10,147
75 One Capital Management, LLC 0.05% of their portfolio WESTLAKE VILLAGE, CA 39,01339.0k $2.0m $2.0m 0.05% Added +1.8k +1,809
76 Wedmont Private Capital 0.06% of their portfolio WEST CHESTER, PA 37,63637.6k $1.9m $1.9m 0.06% Reduced -1.8k -1,837
77 Savvy Advisors, Inc. 0.05% of their portfolio NEW YORK, NY 36,30236.3k $1.8m $1.8m 0.05% Added +32.3k +32,275
78 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 36,10536.1k $1.8m $1.8m 0.02% New
79 Shared Vision Wealth Group LLC 0.73% of their portfolio CARLSBAD, X1 35,82335.8k $1.8m $1.8m 0.73% Added +6.9k +6,852
80 Idaho Trust Co 0.58% of their portfolio BOISE, ID 35,49335.5k $1.8m $1.8m 0.58% Reduced -2.7k -2,748
81 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 35,44435.4k $1.8m $1.8m 0.00% Reduced -21.1k -21,097
82 INTRUST BANK NA 0.14% of their portfolio WICHITA, KS 35,38035.4k $1.8m $1.8m 0.14% Unchanged
83 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 33,51533.5k $1.7m $1.7m 0.02% Reduced -8.8k -8,751
84 PINNACLE ASSOCIATES LTD 0.02% of their portfolio NEW YORK, NY 33,27033.3k $1.7m $1.7m 0.02% Reduced -750 -750
85 Betterment LLC 0.00% of their portfolio NEW YORK, NY 33,13733.1k $1.7m $1.7m 0.00% Added +153 +153
86 BROWN WEALTH MANAGEMENT, LLC 0.42% of their portfolio NAPERVILLE, IL 32,92932.9k $1.7m $1.7m 0.42% Reduced -439 -439
87 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 32,73432.7k $1.6m $1.6m 0.00% Reduced -5.1k -5,134
88 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 32,60432.6k $1.6m $1.6m 0.00% Added +20.0k +20,000
89 Melone Private Wealth, LLC 0.66% of their portfolio AUBURN HILLS, MI 32,33032.3k $1.6m $1.6m 0.66% Reduced -3.3k -3,255
90 KENNEDY INVESTMENT GROUP, INC. 0.63% of their portfolio WEST DEPTFORD, NJ 32,28132.3k $1.6m $1.6m 0.63% Added +40 +40
91 DRAVO BAY LLC 0.65% of their portfolio REHOBOTH BEACH, DE 31,90331.9k $1.6m $1.6m 0.65% Added +2.1k +2,133
92 Diversified Enterprises, LLC 0.09% of their portfolio Wilmington, DE 31,89731.9k $1.6m $1.6m 0.09% Added +291 +291
93 Westside Investment Management, Inc. 0.24% of their portfolio SANTA MONICA, CA 31,29831.3k $1.6m $1.6m 0.24% Added +881 +881
94 CENTAURUS FINANCIAL, INC. 0.07% of their portfolio ANAHEIM, CA 31,18231.2k $1.6m $1.6m 0.07% New
95 CreativeOne Wealth, LLC 0.04% of their portfolio OVERLAND PARK, KS 31,00531.0k $1.6m $1.6m 0.04% Added +3.5k +3,468
96 Tower Research Capital LLC (TRC) 0.04% of their portfolio NEW YORK, NY 30,82930.8k $1.5m $1.5m 0.04% New
97 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 30,30030.3k $1.5m $1.5m 0.00% Reduced -43.6k -43,623
98 Apeiron RIA LLC 0.35% of their portfolio Dallas, TX 29,86729.9k $1.5m $1.5m 0.35% Added +73 +73
99 Orcam Financial Group 1.02% of their portfolio ENCINITAS, CA 28,70028.7k $1.4m $1.4m 1.02% Added +9 +9
100 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 26,94426.9k $1.4m $1.4m 0.01% Added +7.4k +7,378