Vault-13

VANECK ETF TRUST SMOT

MORNINGSTAR SMID · ETP · CUSIP 92189H730

109 institutional holders +5 vs Q3 2025
7,590,3687.6m shares reported held*
$275.1mreported value*
16 new 30 added 45 reduced 12 sold out net sold ≈ $4.6m (-127.6k 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 ($25.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.24.

Trends to Q4 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: 104Q4 25: 109109Q4 22Q3 23Q2 24Q1 25Q4 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
Q4 2025109

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 52 bought or addedQ1 24: 25 cut or sold outQ2 24: 51 bought or addedQ2 24: 36 cut or sold outQ2 24Q3 24: 54 bought or addedQ3 24: 43 cut or sold outQ4 24: 67 bought or addedQ4 24: 30 cut or sold outQ4 24Q1 25: 56 bought or addedQ1 25: 39 cut or sold outQ2 25: 46 bought or addedQ2 25: 55 cut or sold outQ2 25Q3 25: 41 bought or addedQ3 25: 51 cut or sold outQ4 25: 46 bought or addedQ4 25: 57 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245225
Q2 20245136
Q3 20245443
Q4 20246730
Q1 20255639
Q2 20254655
Q3 20254151
Q4 20254657

Calls vs puts

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

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

Biggest buyers

UNITED CAPITAL FINANCIAL ADVISORS, LLC New +339,937+339.9k
GREAT LAKES ADVISORS, LLC Added +60,940+60.9k
Vise Technologies, Inc. New +36,082+36.1k
Gradient Investments LLC Added +34,296+34.3k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +26,545+26.5k
PURSUE WEALTH PARTNERS LLC Added +21,579+21.6k
MAI Capital Management New +20,061+20.1k
Bank of New Hampshire Added +19,831+19.8k
CITADEL ADVISORS LLC New +13,813+13.8k
JONES FINANCIAL COMPANIES LLLP Added +13,252+13.3k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -176,868-176.9k
LPL Financial LLC Reduced -136,567-136.6k
OSAIC HOLDINGS, INC. Reduced -73,265-73.3k
ROYAL BANK OF CANADA Reduced -53,144-53.1k
Mesirow Financial Investment Management, Inc. Reduced -42,591-42.6k
Farther Finance Advisors, LLC Reduced -38,987-39.0k
Kestra Advisory Services, LLC Reduced -22,661-22.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -21,221-21.2k
Sanctuary Advisors, LLC Reduced -21,042-21.0k
ROVIN CAPITAL /UT/ /ADV Reduced -18,915-18.9k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GREAT LAKES ADVISORS, LLC 0.33% of their portfolio CHICAGO, IL 1,134,5131.1m $41.1m $41.1m 0.33% Added +60.9k +60,940
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,096,7861.1m $39.7m $39.7m 0.01% Reduced -136.6k -136,567
3 Gradient Investments LLC 0.47% of their portfolio ARDEN HILLS, MN 822,960823.0k $29.8m $29.8m 0.47% Added +34.3k +34,296
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 602,220602.2k $21.8m $21.8m 0.00% Reduced -6.7k -6,664
5 FINANCIAL MANAGEMENT NETWORK INC 3.23% of their portfolio MISSION VIEJO, CA 560,002560.0k $20.4m $20.4m 3.23% Added +7.9k +7,864
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 429,579429.6k $15.6m $15.6m 0.00% Reduced -176.9k -176,868
7 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.07% of their portfolio IRVING, TX 339,937339.9k $12.3m $12.3m 0.07% New
8 Mesirow Financial Investment Management, Inc. 0.16% of their portfolio CHICAGO, IL 215,235215.2k $7.8m $7.8m 0.16% Reduced -42.6k -42,591
9 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 190,360190.4k $6.9m $6.9m 0.00% Added +2.9k +2,905
10 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 139,784139.8k $5.1m $5.1m 0.01% Added +12.4k +12,359
11 FOCUSED ALPHA, LLC 1.12% of their portfolio DENVER, CO 105,350105.3k $3.8m $3.8m 1.12% First filing
12 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 93,44293.4k $3.5m $3.5m 0.00% Added +26.5k +26,545
13 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 91,17291.2k $3.3m $3.3m 0.00% Added +13.3k +13,252
14 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 0.33% of their portfolio Miamisburg, OH 80,94280.9k $2.9m $2.9m 0.33% Added +559 +559
15 Family Office Research LLC 1.00% of their portfolio Bethesda, MD 66,80666.8k $2.4m $2.4m 1.00% Reduced -10.0k -10,037
16 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 65,99166.0k $2.4m $2.4m 0.00% Reduced -856 -856
17 Stegent Equity Advisors, Inc. 1.86% of their portfolio HOUSTON, TX 65,85865.9k $2.4m $2.4m 1.86% Added +3.8k +3,750
18 Creekside Partners 0.99% of their portfolio PETALUMA, CA 64,60364.6k $2.3m $2.3m 0.99% Reduced -237 -237
19 Prospera Financial Services Inc 0.04% of their portfolio Dallas, TX 64,03064.0k $2.3m $2.3m 0.04% Added +332 +332
20 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 62,93362.9k $2.3m $2.3m 0.00% Reduced -3.3k -3,341
21 TPG Advisors LLC 1.39% of their portfolio NORTHFIELD, IL 61,70261.7k $2.2m $2.2m 1.39% Added +1.6k +1,593
22 TRUE Private Wealth Advisors 0.20% of their portfolio Salem, OR 56,24456.2k $2.0m $2.0m 0.20% Reduced -9.3k -9,289
23 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 53,00453.0k $1.9m $1.9m 0.01% Reduced -8.4k -8,440
24 STEPHENS INC /AR/ 0.02% of their portfolio LITTLE ROCK, AR 49,36849.4k $1.8m $1.8m 0.02% Reduced -3.6k -3,632
25 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 48,96449.0k $1.8m $1.8m 0.00% Reduced -285 -285
26 Brown Financial Advisors 0.64% of their portfolio MILFORD, OH 48,39848.4k $1.8m $1.8m 0.64% Added +613 +613
27 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 47,16747.2k $1.7m $1.7m 0.01% Reduced -2.5k -2,536
28 FIRST FOUNDATION ADVISORS 0.06% of their portfolio Irvine, CA 45,76745.8k $1.7m $1.7m 0.06% Reduced -2.3k -2,302
29 PURSUE WEALTH PARTNERS LLC 0.78% of their portfolio ALAMO, CA 44,60144.6k $1.6m $1.6m 0.78% Added +21.6k +21,579
30 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 44,57744.6k $1.6m $1.6m 0.01% Reduced -22.7k -22,661
31 Vise Technologies, Inc. 0.03% of their portfolio NEW YORK, NY 36,08236.1k $1.3m $1.3m 0.03% New
32 Stonebridge Financial Planning Group, LLC 0.42% of their portfolio ORLANDO, FL 32,17432.2k $1.2m $1.2m 0.42% Added +1.9k +1,853
33 Beaumont Financial Advisors, LLC 0.08% of their portfolio NEEDHAM, MA 31,86631.9k $1.2m $1.2m 0.08% Unchanged
34 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 28,13428.1k $1.0m $1.0m 0.00% Added +1.5k +1,540
35 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 27,26527.3k $987.0k $987.0k 0.01% First filing
36 Paladin Wealth, LLC 0.67% of their portfolio ARDEN HILLS, MN 27,12527.1k $981.9k $981.9k 0.67% Added +5.0k +4,969
37 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 25,66725.7k $929.1k $929.1k 0.01% Reduced -39.0k -38,987
38 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 24,82524.8k $898.7k $898.7k 0.00% Reduced -5.7k -5,685
39 Bank of New Hampshire 0.19% of their portfolio LACONIA, NH 23,92623.9k $866.1k $866.1k 0.19% Added +19.8k +19,831
40 Mattson Financial Services, LLC 0.19% of their portfolio KENTWOOD, MI 22,70322.7k $821.8k $821.8k 0.19% Reduced -1.9k -1,895
41 Coordinated Financial Services, Inc. 0.46% of their portfolio DENVER, CO 22,11822.1k $800.7k $800.7k 0.46% Reduced -200 -200
42 Stiles Financial Services Inc 0.24% of their portfolio EDINA, MN 21,92321.9k $793.6k $793.6k 0.24% Added +461 +461
43 Argent Trust Co 0.03% of their portfolio NASHVILLE, TN 21,75021.8k $787.4k $787.4k 0.03% Unchanged
44 First Financial Group Corp 0.66% of their portfolio RALEIGH, NC 21,56321.6k $780.6k $780.6k 0.66% Reduced -3.0k -2,988
45 Acorn Wealth Advisors, LLC 0.23% of their portfolio Grand Blanc, MI 21,52921.5k $779.4k $779.4k 0.23% Reduced -3.5k -3,466
46 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 20,06120.1k $726.2k $726.2k 0.00% New
47 Comprehensive Financial Consultants Institutional, Inc. 0.22% of their portfolio Bloomington, IN 19,82519.8k $717.7k $717.7k 0.22% Reduced -33 -33
48 WOODMONT INVESTMENT COUNSEL LLC 0.04% of their portfolio NASHVILLE, TN 19,45019.4k $704.1k $704.1k 0.04% Reduced -3.3k -3,256
49 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 19,36619.4k $701.0k $701.0k 0.00% Reduced -1.9k -1,903
50 IRON Financial LLC 0.29% of their portfolio NORTHBROOK, IL 17,35417.4k $628.2k $628.2k 0.29% Reduced -772 -772
51 Mariner, LLC 0.00% of their portfolio Overland Park, KS 14,68714.7k $531.7k $531.7k 0.00% Added +1.3k +1,305
52 AlphaCore Capital LLC 0.01% of their portfolio LA JOLLA, CA 14,35014.3k $519.5k $519.5k 0.01% Unchanged
53 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 14,02514.0k $507.7k $507.7k 0.01% Reduced -248 -248
54 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 13,81313.8k $500.0k $500.0k 0.00% New
55 Tranquility Partners, LLC 0.17% of their portfolio Brentwood, TN 13,33813.3k $482.8k $482.8k 0.17% Reduced -308 -308
56 Ancora Advisors LLC 0.01% of their portfolio Cleveland, OH 13,05813.1k $472.7k $472.7k 0.01% Unchanged
57 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 12,15012.2k $440.0k $440.0k 0.00% Reduced -6.2k -6,150
58 Principle Wealth Partners LLC 0.02% of their portfolio MADISON, CT 11,90411.9k $430.9k $430.9k 0.02% Reduced -304 -304
59 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 11,77111.8k $426.1k $426.1k 0.02% Reduced -2.3k -2,343
60 Atlas Wealth LLC 0.13% of their portfolio CINCINNATI, OH 11,37411.4k $411.7k $411.7k 0.13% Unchanged
61 COMERICA BANK 0.00% of their portfolio DALLAS, TX 10,60810.6k $384.0k $384.0k 0.00% Unchanged
62 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 10,12610.1k $366.6k $366.6k 0.01% Added +3.7k +3,675
63 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,9079.9k $359.0k $359.0k 0.00% Reduced -53.1k -53,144
64 Capital Analysts, LLC 0.01% of their portfolio FORT WASHINGTON, PA 9,6979.7k $351.0k $351.0k 0.01% Added +84 +84
65 Copley Financial Group, Inc. 0.21% of their portfolio SAN DIEGO, CA 9,2819.3k $336.0k $336.0k 0.21% Reduced -1.1k -1,062
66 CALTON & ASSOCIATES, INC. 0.05% of their portfolio Tampa, FL 8,8138.8k $319.0k $319.0k 0.05% Unchanged
67 A4 Wealth Advisors LLC 0.27% of their portfolio HUNTERSVILLE, NC 8,7298.7k $316.0k $316.0k 0.27% Reduced -3.5k -3,457
68 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 8,7048.7k $315.0k $315.0k 0.00% New
69 ROVIN CAPITAL /UT/ /ADV 0.08% of their portfolio MESA, AZ 8,5038.5k $308.0k $308.0k 0.08% Reduced -18.9k -18,915
70 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 8,2808.3k $299.7k $299.7k 0.00% Added +18 +18
71 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 8,2478.2k $298.5k $298.5k 0.01% Reduced -14.8k -14,779
72 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 8,1568.2k $295.2k $295.2k 0.00% Reduced -1.3k -1,261
73 Fermata Advisors, LLC 0.07% of their portfolio SONOMA, CA 8,1018.1k $293.2k $293.2k 0.07% Reduced -469 -469
74 Soundwatch Capital LLC 0.04% of their portfolio DALLAS, TX 7,7547.8k $280.7k $280.7k 0.04% Added +379 +379
75 Capital Investment Advisory Services, LLC 0.02% of their portfolio RALEIGH, NC 7,5097.5k $271.8k $271.8k 0.02% Reduced -1.2k -1,165
76 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 6,7636.8k $244.8k $244.8k 0.00% Reduced -21.0k -21,042
77 Etesian Wealth Advisors, Inc. 0.07% of their portfolio West Linn, OR 6,5646.6k $237.6k $237.6k 0.07% Added +4 +4
78 SageView Advisory Group, LLC 0.01% of their portfolio Newport Beach, CA 6,5616.6k $237.5k $237.5k 0.01% Unchanged
79 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 6,0976.1k $221.0k $221.0k 0.00% New
80 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 4,3644.4k $158.0k $158.0k 0.00% Added +25 +25
81 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,8582.9k $103.5k $103.5k 0.00% Reduced -73.3k -73,265
82 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,8422.8k $102.9k $102.9k 0.00% Unchanged
83 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 2,0032.0k $72.5k $72.5k 0.00% New
84 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 1,6591.7k $60.1k $60.1k 0.01% Unchanged
85 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 1,3821.4k $50.0k $50.0k 0.00% New
86 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,1471.1k $41.5k $41.5k 0.00% Added +15 +15
87 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,1151.1k $40.4k $40.4k 0.00% Unchanged
88 EASTERN BANK 0.00% of their portfolio BOSTON, MA 1,0001.0k $36.2k $36.2k 0.00% Unchanged
89 FMR LLC 0.00% of their portfolio BOSTON, MA 931931 $33.7k $33.7k 0.00% Added +626 +626
90 1620 INVESTMENT ADVISORS, INC. 0.02% of their portfolio PLYMOUTH, MA 835835 $30.2k $30.2k 0.02% Added +335 +335
91 UBS Group AG 0.00% of their portfolio ZURICH, V8 707707 $25.6k $25.6k 0.00% Reduced -2.2k -2,191
92 FAS Wealth Partners, Inc. 0.00% of their portfolio LEAWOOD, KS 642642 $23.2k $23.2k 0.00% Added +9 +9
93 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 569569 $20.6k $20.6k 0.00% Unchanged
94 Hilton Head Capital Partners, LLC 0.01% of their portfolio HILTON HEAD ISLAND, SC 500500 $18.1k $18.1k 0.01% First filing
95 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 463463 $16.8k $16.8k 0.00% New
96 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 412412 $14.9k $14.9k 0.00% Unchanged
97 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 335335 $12.1k $12.1k 0.00% Reduced -18.8k -18,811
98 OLD SECOND NATIONAL BANK OF AURORA 0.00% of their portfolio AURORA, IL 320320 $11.6k $11.6k 0.00% New
99 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 250250 $9.1k $9.1k 0.00% New
100 GPS Wealth Strategies Group, LLC 0.01% of their portfolio CENTENNIAL, CO 230230 $8.3k $8.3k 0.01% Reduced -850 -850