Vault-13

VANECK BITCOIN ETF HODL

SH BEN INT · ETP · CUSIP 92189K105

130 institutional holders -4 vs Q4 2025
22,749,22622.7m shares reported held*
$438.3mreported value*
25 new 44 added 35 reduced 29 sold out net bought ≈ $63.1m (+3.3m 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 ($700.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.27. Options: 3 managers hold calls ($726.2k notional), 1 hold puts ($5.7k).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q1 24: 31Q2 24: 50Q3 24: 54Q4 24: 82Q1 25: 89Q2 25: 111Q3 25: 124Q4 25: 134Q1 26: 130130Q1 24Q3 24Q1 25Q3 25Q1 26
Numbers
QuarterHolders
Q1 202431
Q2 202450
Q3 202454
Q4 202482
Q1 202589
Q2 2025111
Q3 2025124
Q4 2025134
Q1 2026130

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 31 bought or addedQ2 24: 9 cut or sold outQ3 24: 30 bought or addedQ3 24: 16 cut or sold outQ3 24Q4 24: 61 bought or addedQ4 24: 16 cut or sold outQ1 25: 56 bought or addedQ1 25: 33 cut or sold outQ1 25Q2 25: 74 bought or addedQ2 25: 27 cut or sold outQ3 25: 75 bought or addedQ3 25: 34 cut or sold outQ3 25Q4 25: 81 bought or addedQ4 25: 55 cut or sold outQ1 26: 69 bought or addedQ1 26: 64 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024319
Q3 20243016
Q4 20246116
Q1 20255633
Q2 20257427
Q3 20257534
Q4 20258155
Q1 20266964

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $705Q3 25P/C —Q4 25 calls: $482.2kQ4 25 puts: $252.2kQ4 25P/C 0.52Q1 26 calls: $726.2kQ1 26 puts: $5.7kQ1 26P/C 0.01
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$0$705—
Q4 2025$482.2k$252.2k0.52
Q1 2026$726.2k$5.7k0.01

Biggest buyers

Tidal Investments LLC Added +1,113,746+1.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,058,171+1.1m
SYON CAPITAL LLC New +728,768+728.8k
VAN ECK ASSOCIATES CORP Added +662,449+662.4k
Bouchey Financial Group, Ltd. Added +270,698+270.7k
Berger Financial Group, Inc Added +177,369+177.4k
NORDEN GROUP LLC Added +159,545+159.5k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +109,970+110.0k
Beacon Pointe Advisors, LLC New +95,344+95.3k
Darwin Wealth Management, LLC New +78,380+78.4k

Biggest sellers

JANE STREET GROUP, LLC Reduced -954,151-954.2k
AVALON CAPITAL MANAGEMENT Reduced -146,137-146.1k
RENAISSANCE TECHNOLOGIES LLC Reduced -120,300-120.3k
Shelter Rock Management, LLC Sold out -96,442-96.4k
MML INVESTORS SERVICES, LLC Reduced -77,237-77.2k
FLOW TRADERS U.S. LLC Sold out -40,171-40.2k
NEOS Investment Management LLC Reduced -32,030-32.0k
Q Fund Management (Hong Kong) Ltd Sold out -32,000-32.0k
Larson Financial Group LLC Reduced -31,316-31.3k
NewEdge Advisors, LLC Reduced -29,553-29.6k

Biggest calls

CITADEL ADVISORS LLC Added $341.0k17.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $331.5k17.3k shares
SIMPLEX TRADING, LLC Added $53.6k2.8k shares

Biggest puts

SIMPLEX TRADING, LLC Added $5.7k300 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
NEOS Investment Management LLC 13G · institution new · filed 2026-03-10 9.2% new 5.4m≈ $89.8m 2026-03-10

Insider purchases and sales in Q1 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VAN ECK ASSOCIATES CORP 0.08% of their portfolio NEW YORK, NY 5,698,6755.7m $109.2m $109.2m 0.08% Added +662.4k +662,449
2 NEOS Investment Management LLC 0.52% of their portfolio Westport, CT 5,374,9075.4m $103.0m $103.0m 0.52% Reduced -32.0k -32,030
3 Tidal Investments LLC 0.15% of their portfolio Milwaukee, WI 2,451,0582.5m $47.0m $47.0m 0.15% Added +1.1m +1,113,746
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 1,459,8711.5m $28.0m $28.0m 0.04% Added +1.1m +1,058,171
5 Bouchey Financial Group, Ltd. 1.43% of their portfolio TROY, NY 957,597957.6k $19.5m $19.5m 1.43% Added +270.7k +270,698
6 Berger Financial Group, Inc 0.92% of their portfolio PLYMOUTH, MN 858,524858.5k $16.4m $16.4m 0.92% Added +177.4k +177,369
7 SYON CAPITAL LLC 0.70% of their portfolio SAN FRANCISCO, CA 728,768728.8k $14.0m $14.0m 0.70% New
8 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 626,385626.4k $12.0m $12.0m 0.02% Added +22.0k +22,036
9 Gradient Investments LLC 0.19% of their portfolio ARDEN HILLS, MN 624,768624.8k $12.0m $12.0m 0.19% Added +69.3k +69,320
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 340,390340.4k $6.5m $6.5m 0.00% Added +110.0k +109,970
11 Farringdon Capital, Ltd. 1.09% of their portfolio LONDON, X0 260,621260.6k $5.0m $5.0m 1.09% Added +58.7k +58,686
12 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 216,749216.7k $4.2m $4.2m 0.00% Reduced -3.7k -3,709
13 Simplify Asset Management Inc. 0.06% of their portfolio Las Vegas, NV 209,151209.2k $4.0m $4.0m 0.06% Added +16.2k +16,221
14 Heck Capital Advisors, LLC 0.29% of their portfolio Rhinelander, WI 202,943202.9k $3.9m $3.9m 0.29% Added +14.9k +14,919
15 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 197,421197.4k $3.8m $3.8m 0.02% Added +75.3k +75,273
16 NORDEN GROUP LLC 0.34% of their portfolio PROVO, UT 186,595186.6k $3.6m $3.6m 0.34% Added +159.5k +159,545
17 MEITAV INVESTMENT HOUSE LTD 0.04% of their portfolio BENE-BERAQ, L3 167,062167.1k $3.2m $3.2m 0.04% Added +51.8k +51,832
18 Addison Capital Co 0.43% of their portfolio Conshohocken, PA 125,192125.2k $2.4m $2.4m 0.43% Added +14.0k +14,034
19 STANSBERRY ASSET MANAGEMENT, LLC 0.20% of their portfolio Westlake, TX 103,660103.7k $2.0m $2.0m 0.20% Added +10.8k +10,783
20 Mattson Financial Services, LLC 0.44% of their portfolio KENTWOOD, MI 96,34396.3k $1.8m $1.8m 0.44% Added +9.1k +9,066
21 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 95,34495.3k $1.8m $1.8m 0.01% New
22 Chicago Partners Investment Group LLC 0.04% of their portfolio CHICAGO, IL 88,65488.7k $2.0m $2.0m 0.04% Added +14.0k +14,041
23 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 88,15488.2k $1.7m $1.7m 0.00% Reduced -954.2k -954,151
24 Darwin Wealth Management, LLC 0.47% of their portfolio TAMPA, FL 78,38078.4k $1.5m $1.5m 0.47% New
25 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 74,09674.1k $1.4m $1.4m 0.00% New
26 Visionary Wealth Advisors 0.05% of their portfolio O'FALLON, IL 60,68660.7k $1.2m $1.2m 0.05% Added +14.1k +14,128
27 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 57,07057.1k $1.1m $1.1m 0.01% Reduced -1.9k -1,858
28 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 53,97054.0k $1.0m $1.0m 0.00% Reduced -4.4k -4,363
29 CIBC Bancorp USA Inc. 0.00% of their portfolio CHICAGO, IL 46,78146.8k $896.3k $896.3k 0.00% First filing
30 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 43,36143.4k $830.8k $830.8k 0.00% Reduced -77.2k -77,237
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 42,41842.4k $812.7k $812.7k 0.00% Unchanged
32 Accurate Wealth Management, LLC 0.10% of their portfolio WESLEY CHAPEL, FL 41,84541.8k $868.2k $868.2k 0.10% Added +11.0k +11,016
33 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 40,77640.8k $781.3k $781.3k 0.01% Reduced -27.6k -27,587
34 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 38,80038.8k $743.4k $743.4k 0.00% Reduced -120.3k -120,300
35 EAGLE GLOBAL ADVISORS LLC 0.03% of their portfolio Houston, TX 38,40038.4k $735.7k $735.7k 0.03% Added +7.9k +7,900
36 Mason & Associates Inc 0.14% of their portfolio LOS ANGELES, CA 37,42537.4k $704.0k $704.0k 0.14% New
37 Syntegra Private Wealth Group, LLC 0.07% of their portfolio Chesterfield, MO 36,75236.8k $704.2k $704.2k 0.07% Unchanged
38 AVALON CAPITAL MANAGEMENT 0.20% of their portfolio Port Of Redwood City, CA 36,70236.7k $703.2k $703.2k 0.20% Reduced -146.1k -146,137
39 Cambria Investment Management, L.P. 0.04% of their portfolio Manhattan Beach, CA 36,53836.5k $700.1k $700.1k 0.04% Added +3.5k +3,497
40 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 34,00234.0k $651.5k $651.5k 0.00% Added +1.8k +1,757
41 FAS Wealth Partners, Inc. 0.04% of their portfolio LEAWOOD, KS 33,91733.9k $649.9k $649.9k 0.04% Added +1.6k +1,638
42 Firestone Capital Management 0.13% of their portfolio SOUTH MIAMI, FL 33,51033.5k $642.1k $642.1k 0.13% Added +448 +448
43 Banco BTG Pactual S.A. 0.12% of their portfolio RIO DE JANEIRO, D5 32,26332.3k $618.2k $618.2k 0.12% New
44 Csenge Advisory Group 0.02% of their portfolio CLEARWATER, FL 27,10927.1k $519.4k $519.4k 0.02% New
45 Samalin Investment Counsel, LLC 0.17% of their portfolio CHAPPAQUA, NY 25,51925.5k $488.9k $488.9k 0.17% Added +1.0k +1,040
46 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 25,38125.4k $486.3k $486.3k 0.01% Reduced -12.3k -12,299
47 IRON Financial LLC 0.21% of their portfolio NORTHBROOK, IL 24,67924.7k $472.9k $472.9k 0.21% Added +1.4k +1,418
48 Financial Partners Group, Inc 0.06% of their portfolio Overland Park, KS 24,50824.5k $469.6k $469.6k 0.06% Added +4.0k +4,038
49 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 24,40524.4k $467.6k $467.6k 0.00% New
50 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 24,38524.4k $467.2k $467.2k 0.01% Added +1.5k +1,470
51 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 23,82023.8k $453.7k $453.7k 0.00% Reduced -992 -992
52 FIRST FOUNDATION ADVISORS 0.02% of their portfolio Irvine, CA 22,44522.4k $430.0k $430.0k 0.02% New
53 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 22,00022.0k $421.5k $421.5k 0.00% New
54 KRAEMATON INVESTMENT ADVISORS, INC 0.34% of their portfolio BRAINTREE, MA 21,50321.5k $412.0k $412.0k 0.34% Added +3.2k +3,250
55 FRG Family Wealth Advisors LLC 0.07% of their portfolio BELLEVUE, WA 21,16821.2k $405.6k $405.6k 0.07% Reduced -1.7k -1,740
56 MADDEN SECURITIES Corp 0.12% of their portfolio DALLAS, TX 21,08021.1k $403.9k $403.9k 0.12% Reduced -300 -300
57 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 20,55320.6k $393.8k $393.8k 0.00% Reduced -29.6k -29,553
58 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 19,64719.6k $376.4k $376.4k 0.00% Reduced -523 -523
59 Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio Ramat Gan, L3 19,60319.6k $376.0k $376.0k 0.00% Added +6.0k +6,018
60 Betterment LLC 0.00% of their portfolio NEW YORK, NY 17,44317.4k $334.0k $334.0k 0.00% Added +812 +812
61 Lifestyle Asset Management, Inc. 0.11% of their portfolio FRIENDSWOOD, TX 17,26317.3k $330.8k $330.8k 0.11% Added +4.6k +4,583
62 EnRich Financial Partners LLC 0.09% of their portfolio MADISON, WI 17,24417.2k $330.4k $330.4k 0.09% Added +48 +48
63 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 16,95417.0k $324.8k $324.8k 0.00% Added +7.3k +7,339
64 Invst, LLC 0.03% of their portfolio INDIANAPOLIS, IN 15,97116.0k $306.0k $306.0k 0.03% New
65 COOKSON PEIRCE & CO INC 0.01% of their portfolio PITTSBURGH, PA 15,80015.8k $302.7k $302.7k 0.01% Unchanged
66 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 15,56915.6k $298.0k $298.0k 0.00% New
67 Advyzon Investment Management, LLC 0.03% of their portfolio LISLE, IL 15,46215.5k $296.3k $296.3k 0.03% Reduced -857 -857
68 ROTHSCHILD INVESTMENT LLC 0.02% of their portfolio CHICAGO, IL 15,00015.0k $287.4k $287.4k 0.02% Reduced -7.0k -7,000
69 IAMS WEALTH MANAGEMENT, LLC 0.10% of their portfolio OMAHA, NE 14,66214.7k $280.9k $280.9k 0.10% Unchanged
70 FLAGSTAR SECURITIES, INC 0.10% of their portfolio New York, NY 14,59514.6k $279.6k $279.6k 0.10% Added +5.0k +5,035
71 Beaumont Financial Advisors, LLC 0.02% of their portfolio NEEDHAM, MA 14,58814.6k $279.5k $279.5k 0.02% Added +280 +280
72 Main Street Financial Solutions, LLC 0.02% of their portfolio NEWTOWN, PA 14,49314.5k $277.7k $277.7k 0.02% Reduced -1.3k -1,321
73 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 14,07814.1k $269.7k $269.7k 0.00% Added +304 +304
74 Avidian Wealth Enterprises, LLC 0.01% of their portfolio Houston, TX 14,02814.0k $268.8k $268.8k 0.01% New
75 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 13,28813.3k $254.6k $254.6k 0.00% New
76 TWIN FOCUS CAPITAL PARTNERS, LLC 0.03% of their portfolio Boston, MA 12,65012.7k $242.4k $242.4k 0.03% Reduced -16.3k -16,275
77 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 12,45112.5k $238.6k $238.6k 0.00% Reduced -515 -515
78 Synergy Asset Management, LLC 0.02% of their portfolio VANCOUVER, WA 12,00412.0k $230.0k $230.0k 0.02% Unchanged
79 Rede Wealth, LLC 0.08% of their portfolio CHARLOTTESVILLE, VA 11,93911.9k $228.8k $228.8k 0.08% Reduced -2.4k -2,360
80 Paladin Wealth, LLC 0.15% of their portfolio ARDEN HILLS, MN 11,53111.5k $220.9k $220.9k 0.15% New
81 Archer Investment Management, LLC 0.09% of their portfolio AUSTIN, TX 11,14411.1k $213.5k $213.5k 0.09% New
82 Evercore Wealth Management, LLC 0.00% of their portfolio New York, NY 11,00011.0k $210.8k $210.8k 0.00% New
83 Almanack Investment Partners, LLC. 0.03% of their portfolio WAYNE, PA 10,36010.4k $198.5k $198.5k 0.03% Reduced -29.4k -29,376
84 Meridian Wealth Management, LLC 0.01% of their portfolio LEXINGTON, KY 10,03010.0k $192.2k $192.2k 0.01% Reduced -300 -300
85 Pioneer Family Office, LLC 0.10% of their portfolio NORTH MIAMI BEACH, FL 8,0008.0k $153.3k $153.3k 0.10% Reduced -6.4k -6,360
86 TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH PZU SA 0.04% of their portfolio WARSAW, R9 6,3806.4k $122.2k $122.2k 0.04% Added +2.8k +2,800
87 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 5,9576.0k $114.1k $114.1k 0.00% Unchanged
88 Strategic Wealth Partners, Ltd. 0.01% of their portfolio INDEPENDENCE, OH 4,1144.1k $78.8k $78.8k 0.01% Unchanged
89 CLEAR INVESTMENT RESEARCH, LLC 0.09% of their portfolio ALPHARETTA, GA 3,1573.2k $60.5k $60.5k 0.09% New
90 Wilkerson Advisory Group LLC 0.02% of their portfolio COLUMBIA, MO 2,9513.0k $56.5k $56.5k 0.02% Added +1.6k +1,562
91 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,9032.9k $55.6k $55.6k 0.00% Reduced -4.1k -4,060
92 CWM, LLC 0.00% of their portfolio OMAHA, NE 2,8662.9k $54.9k $54.9k 0.00% Added +250 +250
93 Turim 21 Investimentos Ltda. 0.01% of their portfolio RIO DE JANEIRO, D5 2,7082.7k $51.9k $51.9k 0.01% Unchanged
94 HIGHLINE WEALTH PARTNERS LLC 0.01% of their portfolio SHERMAN OAKS, CA 2,5002.5k $47.9k $47.9k 0.01% Unchanged
95 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,3252.3k $44.8k $44.8k 0.00% Reduced -1.0k -1,023
96 Ritter Daniher Financial Advisory LLC / DE 0.01% of their portfolio CINCINNATI, OH 2,2082.2k $42.3k $42.3k 0.01% Unchanged
97 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 1,6871.7k $32.3k $32.3k 0.00% Unchanged
98 Scarborough Advisors, LLC 0.00% of their portfolio ANNAPOLIS, MD 1,2351.2k $23.7k $23.7k 0.00% Unchanged
99 McIlrath & Eck, LLC 0.00% of their portfolio ARLINGTON, WA 1,1551.2k $22.1k $22.1k 0.00% Added +250 +250
100 Destiny Wealth Partners, LLC 0.00% of their portfolio TAVARES, FL 1,0521.1k $20.2k $20.2k 0.00% New