Vault-13

VANECK ETF TRUST SMOT

MORNINGSTAR SMID · ETP · CUSIP 92189H730

104 institutional holders +1 vs Q2 2025
7,927,5177.9m shares reported held*
$286.1mreported value*
8 new 33 added 46 reduced 5 sold out net sold ≈ $19.6m (-543.1k 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 ($266.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.09.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q4 22: 6Q1 23: 22Q2 23: 31Q3 23: 47Q4 23: 66Q1 24: 80Q2 24: 91Q3 24: 94Q4 24: 101Q1 25: 100Q2 25: 103Q3 25: 104104Q4 22Q3 23Q2 24Q1 25Q3 25
Numbers
QuarterHolders
Q4 20226
Q1 202322
Q2 202331
Q3 202347
Q4 202366
Q1 202480
Q2 202491
Q3 202494
Q4 2024101
Q1 2025100
Q2 2025103
Q3 2025104

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 51 bought or addedQ4 23: 12 cut or sold outQ1 24: 52 bought or addedQ1 24: 25 cut or sold outQ1 24Q2 24: 51 bought or addedQ2 24: 36 cut or sold outQ3 24: 54 bought or addedQ3 24: 43 cut or sold outQ3 24Q4 24: 67 bought or addedQ4 24: 30 cut or sold outQ1 25: 56 bought or addedQ1 25: 39 cut or sold outQ1 25Q2 25: 46 bought or addedQ2 25: 55 cut or sold outQ3 25: 41 bought or addedQ3 25: 51 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20235112
Q1 20245225
Q2 20245136
Q3 20245443
Q4 20246730
Q1 20255639
Q2 20254655
Q3 20254151

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $327.9kQ1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$327.9k—
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

LPL Financial LLC Added +75,338+75.3k
GREAT LAKES ADVISORS, LLC Added +74,823+74.8k
MORGAN STANLEY Added +42,436+42.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +21,221+21.2k
Sanctuary Advisors, LLC Added +20,976+21.0k
JPMORGAN CHASE & CO Added +19,066+19.1k
ROYAL BANK OF CANADA Added +18,131+18.1k
ROVIN CAPITAL /UT/ /ADV Added +13,709+13.7k
JONES FINANCIAL COMPANIES LLLP Added +12,049+12.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +11,268+11.3k

Biggest sellers

Gradient Investments LLC Reduced -447,762-447.8k
WOODMONT INVESTMENT COUNSEL LLC Reduced -152,933-152.9k
Farther Finance Advisors, LLC Reduced -89,131-89.1k
Cambridge Investment Research Advisors, Inc. Reduced -26,494-26.5k
Brown Financial Advisors Reduced -25,484-25.5k
TRUE Private Wealth Advisors Reduced -22,300-22.3k
Cetera Investment Advisers Reduced -21,067-21.1k
Mattson Financial Services, LLC Reduced -15,238-15.2k
Thrivent Financial for Lutherans Sold out -12,688-12.7k
Paladin Wealth, LLC Reduced -10,781-10.8k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,233,3531.2m $44.5m $44.5m 0.01% Added +75.3k +75,338
2 GREAT LAKES ADVISORS, LLC 0.32% of their portfolio CHICAGO, IL 1,073,5731.1m $38.7m $38.7m 0.32% Added +74.8k +74,823
3 Gradient Investments LLC 0.48% of their portfolio ARDEN HILLS, MN 788,664788.7k $28.5m $28.5m 0.48% Reduced -447.8k -447,762
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 608,884608.9k $22.0m $22.0m 0.00% Added +42.4k +42,436
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 606,447606.4k $21.9m $21.9m 0.00% Reduced -3.2k -3,216
6 FINANCIAL MANAGEMENT NETWORK INC 3.30% of their portfolio MISSION VIEJO, CA 552,138552.1k $20.0m $20.0m 3.30% Reduced -8.9k -8,939
7 Apexium Financial, LP 0.58% of their portfolio Dallas, TX 329,963330.0k $11.9m $11.9m 0.58% Added +5.2k +5,207
8 Mesirow Financial Investment Management, Inc. 0.17% of their portfolio CHICAGO, IL 257,826257.8k $9.3m $9.3m 0.17% Added +1.2k +1,202
9 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 187,455187.5k $6.8m $6.8m 0.00% Added +9.6k +9,622
10 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 127,425127.4k $4.6m $4.6m 0.01% Added +9.7k +9,707
11 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.33% of their portfolio Miamisburg, OH 80,38380.4k $2.9m $2.9m 0.33% Added +3.2k +3,183
12 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 77,92077.9k $2.8m $2.8m 0.00% Added +12.0k +12,049
13 Family Office Research LLC 1.21% of their portfolio Bethesda, MD 76,84376.8k $2.8m $2.8m 1.21% Reduced -883 -883
14 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 76,12376.1k $2.8m $2.8m 0.00% Reduced -1.6k -1,568
15 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 67,23867.2k $2.4m $2.4m 0.01% Reduced -3.0k -2,957
16 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 66,89766.9k $2.4m $2.4m 0.00% Added +11.3k +11,268
17 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 66,84766.8k $2.4m $2.4m 0.00% Reduced -6.4k -6,402
18 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 66,27466.3k $2.4m $2.4m 0.00% Reduced -21.1k -21,067
19 TRUE Private Wealth Advisors 0.24% of their portfolio Salem, OR 65,53365.5k $2.4m $2.4m 0.24% Reduced -22.3k -22,300
20 Creekside Partners 1.03% of their portfolio PETALUMA, CA 64,84064.8k $2.3m $2.3m 1.03% Reduced -449 -449
21 Farther Finance Advisors, LLC 0.04% of their portfolio SAN FRANCISCO, CA 64,65464.7k $2.3m $2.3m 0.04% Reduced -89.1k -89,131
22 Prospera Financial Services Inc 0.04% of their portfolio Dallas, TX 63,69863.7k $2.3m $2.3m 0.04% Reduced -1.6k -1,624
23 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 63,05163.1k $2.3m $2.3m 0.00% Added +18.1k +18,131
24 Stegent Equity Advisors, Inc. 1.82% of their portfolio HOUSTON, TX 62,10862.1k $2.2m $2.2m 1.82% Reduced -10.6k -10,648
25 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 61,44461.4k $2.2m $2.2m 0.01% Reduced -26.5k -26,494
26 TPG Advisors LLC 1.43% of their portfolio NORTHFIELD, IL 60,10960.1k $2.2m $2.2m 1.43% Added +3.4k +3,393
27 STEPHENS INC /AR/ 0.02% of their portfolio LITTLE ROCK, AR 53,00053.0k $1.9m $1.9m 0.02% Added +828 +828
28 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 49,70349.7k $1.8m $1.8m 0.01% Added +657 +657
29 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 49,24949.2k $1.8m $1.8m 0.00% Reduced -186 -186
30 FIRST FOUNDATION ADVISORS 0.06% of their portfolio Irvine, CA 48,06948.1k $1.7m $1.7m 0.06% Reduced -2.4k -2,421
31 Brown Financial Advisors 0.64% of their portfolio MILFORD, OH 47,78547.8k $1.7m $1.7m 0.64% Reduced -25.5k -25,484
32 Beaumont Financial Advisors, LLC 0.08% of their portfolio NEEDHAM, MA 31,86631.9k $1.1m $1.1m 0.08% Reduced -114 -114
33 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 30,51030.5k $1.1m $1.1m 0.00% Added +4.0k +4,000
34 Stonebridge Financial Planning Group, LLC 0.41% of their portfolio ORLANDO, FL 30,32130.3k $1.1m $1.1m 0.41% Added +1.7k +1,673
35 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 27,80527.8k $934.0k $934.0k 0.00% Added +21.0k +20,976
36 ROVIN CAPITAL /UT/ /ADV 0.14% of their portfolio MESA, AZ 27,41827.4k $972.0k $972.0k 0.14% Added +13.7k +13,709
37 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 26,59426.6k $959.5k $959.5k 0.00% Added +1.8k +1,846
38 Acorn Wealth Advisors, LLC 0.28% of their portfolio Grand Blanc, MI 24,99525.0k $901.8k $901.8k 0.28% Reduced -10.3k -10,328
39 Mattson Financial Services, LLC 0.21% of their portfolio KENTWOOD, MI 24,59824.6k $887.5k $887.5k 0.21% Reduced -15.2k -15,238
40 First Financial Group Corp 0.77% of their portfolio RALEIGH, NC 24,55124.6k $887.1k $887.1k 0.77% Unchanged
41 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 23,02623.0k $830.8k $830.8k 0.02% Added +6.9k +6,891
42 PURSUE WEALTH PARTNERS LLC 0.46% of their portfolio ALAMO, CA 23,02223.0k $830.6k $830.6k 0.46% Reduced -4.2k -4,199
43 WOODMONT INVESTMENT COUNSEL LLC 0.05% of their portfolio NASHVILLE, TN 22,70622.7k $819.2k $819.2k 0.05% Reduced -152.9k -152,933
44 Coordinated Financial Services, Inc. 0.52% of their portfolio DENVER, CO 22,31822.3k $805.2k $805.2k 0.52% Reduced -50 -50
45 Paladin Wealth, LLC 0.58% of their portfolio ARDEN HILLS, MN 22,15622.2k $799.4k $799.4k 0.58% Reduced -10.8k -10,781
46 Argent Trust Co 0.03% of their portfolio NASHVILLE, TN 21,75021.8k $784.7k $784.7k 0.03% Reduced -2.0k -2,000
47 Stiles Financial Services Inc 0.24% of their portfolio EDINA, MN 21,46221.5k $774.3k $774.3k 0.24% Added +1.1k +1,127
48 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 21,26921.3k $767.4k $767.4k 0.01% Reduced -693 -693
49 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 21,22121.2k $765.7k $765.7k 0.00% New
50 Comprehensive Financial Consultants Institutional, Inc. 0.22% of their portfolio Bloomington, IN 19,85819.9k $716.5k $716.5k 0.22% Reduced -364 -364
51 Lowe Wealth Advisors, LLC 0.25% of their portfolio COLUMBIA, MD 19,35019.4k $698.1k $698.1k 0.25% Reduced -542 -542
52 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 19,14619.1k $690.8k $690.8k 0.00% Added +19.1k +19,066
53 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 18,30018.3k $660.0k $660.0k 0.00% Reduced -6.6k -6,575
54 IRON Financial LLC 0.31% of their portfolio NORTHBROOK, IL 18,12618.1k $654.0k $654.0k 0.31% Reduced -475 -475
55 AlphaCore Capital LLC 0.02% of their portfolio LA JOLLA, CA 14,35014.3k $517.7k $517.7k 0.02% Unchanged
56 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 14,27314.3k $515.0k $515.0k 0.01% Reduced -1.3k -1,310
57 Essex Financial Services, Inc. 0.03% of their portfolio ESSEX, CT 14,11414.1k $509.2k $509.2k 0.03% Reduced -375 -375
58 Tranquility Partners, LLC 0.17% of their portfolio Brentwood, TN 13,64613.6k $492.7k $492.7k 0.17% Added +17 +17
59 Mariner, LLC 0.00% of their portfolio Overland Park, KS 13,38213.4k $482.8k $482.8k 0.00% Reduced -345 -345
60 Ancora Advisors LLC 0.01% of their portfolio Cleveland, OH 13,05813.1k $471.1k $471.1k 0.01% Unchanged
61 VestGen Advisors, LLC 0.02% of their portfolio CHICAGO, IL 12,86712.9k $464.3k $464.3k 0.02% Reduced -145 -145
62 Principle Wealth Partners LLC 0.03% of their portfolio MADISON, CT 12,20812.2k $440.4k $440.4k 0.03% Unchanged
63 A4 Wealth Advisors LLC 0.37% of their portfolio HUNTERSVILLE, NC 12,18612.2k $439.7k $439.7k 0.37% First filing
64 Global X Japan Co., Ltd. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 11,41711.4k $411.9k $411.9k 0.04% Added +10.9k +10,890
65 Atlas Wealth LLC 0.13% of their portfolio CINCINNATI, OH 11,37411.4k $410.4k $410.4k 0.13% Unchanged
66 COMERICA BANK 0.00% of their portfolio DALLAS, TX 10,60810.6k $382.7k $382.7k 0.00% Reduced -144 -144
67 Copley Financial Group, Inc. 0.26% of their portfolio SAN DIEGO, CA 10,34310.3k $373.2k $373.2k 0.26% Reduced -3.2k -3,229
68 Capital Analysts, LLC 0.01% of their portfolio FORT WASHINGTON, PA 9,6139.6k $347.0k $347.0k 0.01% Reduced -1 -1
69 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 9,4179.4k $339.8k $339.8k 0.00% Reduced -776 -776
70 Patton Albertson Miller Group, LLC 0.04% of their portfolio Chattanooga, TN 8,9088.9k $321.4k $321.4k 0.04% Reduced -5.6k -5,599
71 CALTON & ASSOCIATES, INC. 0.05% of their portfolio Tampa, FL 8,8138.8k $318.0k $318.0k 0.05% Unchanged
72 Capital Investment Advisory Services, LLC 0.02% of their portfolio RALEIGH, NC 8,6748.7k $313.0k $313.0k 0.02% Reduced -259 -259
73 Fermata Advisors, LLC 0.08% of their portfolio SONOMA, CA 8,5708.6k $309.2k $309.2k 0.08% Unchanged
74 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 8,2628.3k $298.1k $298.1k 0.00% Added +178 +178
75 Soundwatch Capital LLC 0.04% of their portfolio DALLAS, TX 7,3757.4k $266.1k $266.1k 0.04% Reduced -449 -449
76 Whitaker-Myers Wealth Managers, LTD. 0.06% of their portfolio Mansfield, OH 7,2807.3k $262.7k $262.7k 0.06% Added +50 +50
77 Foundations Investment Advisors, LLC 0.00% of their portfolio PHOENIX, AZ 6,7696.8k $244.2k $244.2k 0.00% New
78 SageView Advisory Group, LLC 0.01% of their portfolio Newport Beach, CA 6,5616.6k $236.7k $236.7k 0.01% Unchanged
79 Etesian Wealth Advisors, Inc. 0.08% of their portfolio West Linn, OR 6,5606.6k $236.7k $236.7k 0.08% Reduced -586 -586
80 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 6,4516.5k $232.8k $232.8k 0.00% Added +696 +696
81 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 4,3394.3k $156.6k $156.6k 0.00% Reduced -2.9k -2,914
82 Bank of New Hampshire 0.03% of their portfolio LACONIA, NH 4,0954.1k $147.7k $147.7k 0.03% New
83 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,8982.9k $104.6k $104.6k 0.00% Added +2.2k +2,178
84 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,8422.8k $102.5k $102.5k 0.00% Added +6 +6
85 IAG Wealth Partners, LLC 0.01% of their portfolio WAUKESHA, WI 2,3052.3k $83.2k $83.2k 0.01% Unchanged
86 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 1,6591.7k $59.9k $59.9k 0.01% Unchanged
87 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,1321.1k $40.8k $40.8k 0.00% Added +816 +816
88 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,1151.1k $40.2k $40.2k 0.00% Added +600 +600
89 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 1,0801.1k $39.0k $39.0k 0.00% Unchanged
90 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 1,0281.0k $37.1k $37.1k 0.00% New
91 EASTERN BANK 0.00% of their portfolio BOSTON, MA 1,0001.0k $36.1k $36.1k 0.00% Unchanged
92 CLEAR INVESTMENT RESEARCH, LLC 0.03% of their portfolio ALPHARETTA, GA 693693 $25.0k $25.0k 0.03% Added +41 +41
93 FAS Wealth Partners, Inc. 0.00% of their portfolio LEAWOOD, KS 633633 $22.9k $22.9k 0.00% Unchanged
94 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 569569 $20.5k $20.5k 0.00% Unchanged
95 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 516516 $18.6k $18.6k 0.00% Reduced -10.6k -10,570
96 1620 INVESTMENT ADVISORS, INC. 0.01% of their portfolio PLYMOUTH, MA 500500 $18.0k $18.0k 0.01% Unchanged
97 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 412412 $14.9k $14.9k 0.00% New
98 FMR LLC 0.00% of their portfolio BOSTON, MA 305305 $11.0k $11.0k 0.00% New
99 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 243243 $8.8k $8.8k 0.00% New
100 CWM, LLC 0.00% of their portfolio OMAHA, NE 215215 $8.0k $8.0k 0.00% Unchanged