Vault-13

VANECK ETF TRUST SMHX

FABLESS SEMICOND · ETP · CUSIP 92189H664

24 institutional holders +7 vs Q2 2025
873,232873.2k shares reported held*
$33.4mreported value*
11 new 5 added 5 reduced 3 sold out net bought ≈ $25.1m (+656.0k 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. Holder counts are more reliable. Implied quarter-end price ≈ $38.28.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 24: 3Q4 24: 7Q1 25: 10Q2 25: 17Q3 25: 2424Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q3 20243
Q4 20247
Q1 202510
Q2 202517
Q3 202524

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 24: 6 bought or addedQ4 24: 1 cut or sold outQ4 24Q1 25: 7 bought or addedQ1 25: 3 cut or sold outQ1 25Q2 25: 11 bought or addedQ2 25: 4 cut or sold outQ2 25Q3 25: 16 bought or addedQ3 25: 8 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202461
Q1 202573
Q2 2025114
Q3 2025168

Biggest buyers

Black Swift Group, LLC New +345,960+346.0k
ASSETMARK, INC New +221,697+221.7k
OSAIC HOLDINGS, INC. New +28,225+28.2k
Tower Research Capital LLC (TRC) Added +27,922+27.9k
JANE STREET GROUP, LLC Added +19,279+19.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +10,115+10.1k
LPL Financial LLC New +8,900+8.9k
HRT FINANCIAL LP New +7,436+7.4k
Apollon Wealth Management, LLC New +6,350+6.3k
Advisory Services Network, LLC New +5,619+5.6k

Biggest sellers

CITADEL ADVISORS LLC Sold out -13,959-14.0k
UBS Group AG Reduced -12,261-12.3k
Cambridge Investment Research Advisors, Inc. Reduced -2,803-2.8k
PENNSYLVANIA CAPITAL MANAGEMENT INC /ADV Reduced -1,445-1.4k
BXM Wealth LLC Reduced -1,243-1.2k
PNC Financial Services Group, Inc. Sold out -1,000-1.0k
GRIMES & Co WEALTH MANAGEMENT, LLC Reduced -32-32
Parallel Advisors, LLC Sold out -13-13

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Black Swift Group, LLC 2.33% of their portfolio BOULDER, CO 345,960346.0k $13.2m $13.2m 2.33% New
2 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 221,697221.7k $8.5m $8.5m 0.02% New
3 Lokken Investment Group LLC 0.74% of their portfolio LEWES, DE 56,45156.5k $2.2m $2.2m 0.74% Added +1.3k +1,284
4 Provenance Wealth Advisors, LLC 0.22% of their portfolio FORT LAUDERDALE, FL 45,33845.3k $1.7m $1.7m 0.22% Unchanged
5 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 33,14233.1k $1.3m $1.3m 0.00% Added +19.3k +19,279
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 30,22330.2k $1.2m $1.2m 0.00% Added +10.1k +10,115
7 Tower Research Capital LLC (TRC) 0.03% of their portfolio NEW YORK, NY 28,59828.6k $1.1m $1.1m 0.03% Added +27.9k +27,922
8 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 28,22528.2k $1.1m $1.1m 0.00% New
9 BXM Wealth LLC 0.66% of their portfolio Englewood, CO 18,09518.1k $692.7k $692.7k 0.66% Reduced -1.2k -1,243
10 GRIMES & Co WEALTH MANAGEMENT, LLC 0.01% of their portfolio WESTBOROUGH, MA 13,63413.6k $521.9k $521.9k 0.01% Reduced -32 -32
11 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 9,1469.1k $350.0k $350.0k 0.00% Reduced -2.8k -2,803
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 8,9008.9k $340.7k $340.7k 0.00% New
13 PENNSYLVANIA CAPITAL MANAGEMENT INC /ADV 0.09% of their portfolio HUNTINGDON VALLEY, PA 7,8107.8k $299.0k $299.0k 0.09% Reduced -1.4k -1,445
14 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 7,4367.4k $284.0k $284.0k 0.00% New
15 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 6,3506.3k $243.1k $243.1k 0.00% New
16 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 5,6195.6k $215.1k $215.1k 0.00% New
17 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 5,4495.4k $209.0k $209.0k 0.00% New
18 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 500500 $19.1k $19.1k 0.00% Unchanged
19 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 225225 $8.6k $8.6k 0.00% New
20 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 169169 $6.0k $6.0k 0.00% New
21 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 116116 $4.4k $4.4k 0.00% Added +73 +73
22 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 6565 $2.5k $2.5k 0.00% New
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 4848 $1.8k $1.8k 0.00% Reduced -12.3k -12,261
24 Darwin Wealth Management, LLC 0.00% of their portfolio TAMPA, FL 3636 $1.4k $1.4k 0.00% Unchanged