DaveManuel.com · Institutional Ownership · Who Owns It
VANECK ETF TRUST (SMH)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
1,643
Reporting holders
$178.6B
Reported value
20.5%
Calls
58.2%
Puts
+281
Holder change
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $29.8B incl. $28.7B options CALL+PUT | 1,568,830 | 2.32% | 31q | +241.9%+$21.1B |
| CITADEL ADVISORS LLC | $16.5B incl. $16.5B options CALL+PUT | 3,315 | 1.89% | 31q | HELD |
| GOLDMAN SACHS GROUP INC | $15.6B incl. $13.0B options CALL+PUT | 3,960,836 | 1.35% | 31q | +514.3%+$13.1B |
| JANE STREET GROUP, LLC | $13.2B incl. $12.9B options CALL+PUT | 384,578 | 1.09% | 31q | +318.9%+$10.0B |
| BARCLAYS PLC | $7.5B incl. $6.6B options CALL+PUT | 1,360,781 | 1.43% | 31q | +613.0%+$6.4B |
| BANK OF AMERICA CORP /DE/ | $6.3B | 9,557,301 | 0.40% | 31q | -8.6%-$591.7M |
| CTC LLC | $5.6B CALL+PUT | options only | 1.77% | 2q | OPTIONS |
| IMC-Chicago, LLC | $5.1B CALL+PUT | options only | 1.21% | 19q | OPTIONS |
| BNP PARIBAS FINANCIAL MARKETS | $5.0B incl. $3.9B options CALL+PUT | 1,677,290 | 1.73% | 31q | +48.1%+$1.6B |
| Belvedere Trading LLC | $4.3B CALL+PUT | options only | 4.94% | 8q | OPTIONS |
| Optiver Holding B.V. | $3.6B incl. $3.6B options CALL+PUT | 40 | 0.97% | 20q | +1233.3%+$3.3B |
| NOMURA HOLDINGS INC | $3.5B CALL+PUT | options only | 4.07% | 2q | OPTIONS |
| JPMORGAN CHASE & CO | $2.9B incl. $2.1B options CALL+PUT | 1,297,218 | 0.16% | 20q | -28.7%-$1.2B |
| CITIGROUP INC | $2.8B incl. $2.3B options CALL+PUT | 820,261 | 0.93% | 31q | -12.2%-$389.8M |
| MORGAN STANLEY | $2.7B | 4,074,538 | 0.14% | 35q | -25.4%-$910.6M |
| COMPASS ROSE ASSET MANAGEMENT, LP | $2.6B PUT | options only | 72.21% | new | OPTIONS |
| Great Hill Capital LLC | $2.5B PUT | options only | 59.07% | new | OPTIONS |
| SIMPLEX TRADING, LLC | $2.4B CALL+PUT | options only | 1.42% | 31q | OPTIONS |
| MILLENNIUM MANAGEMENT LLC | $2.2B incl. $2.0B options CALL+PUT | 203,071 | 0.79% | 31q | HELD |
| LPL Financial LLC | $1.9B incl. $3.9M options CALL+PUT | 2,887,567 | 0.43% | 31q | +2.2%+$41.3M |
| GROUP ONE TRADING LLC | $1.7B CALL+PUT | options only | 2.38% | 31q | OPTIONS |
| UBS Group AG | $1.6B incl. $720.3M options CALL+PUT | 1,294,421 | 0.20% | 31q | -3.6%-$58.5M |
| Squarepoint Ops LLC | $1.5B CALL+PUT | options only | 1.70% | 13q | OPTIONS |
| BANK OF MONTREAL /CAN/ | $1.5B incl. $1.5B options CALL+PUT | 105,839 | 0.50% | 30q | +3.1%+$45.3M |
| LMR Partners LLP | $1.2B incl. $1.1B options CALL+PUT | 123,731 | 4.44% | 17q | +12373000.0%+$1.2B |
| Parallax Volatility Advisers, L.P. | $1.1B CALL+PUT | options only | 1.92% | 31q | OPTIONS |
| PEAK6 LLC | $1.1B incl. $1.1B options CALL+PUT | 1 | 2.17% | 7q | -50.0%-$1.1B |
| ROYAL BANK OF CANADA | $1.0B incl. $470.7M options CALL+PUT | 844,815 | 0.15% | 31q | +51.9%+$350.0M |
| Balyasny Asset Management L.P. | $965.4M incl. $772.8M options CALL+PUT | 293,759 | 1.20% | 26q | +1192.3%+$890.7M |
| DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. | $937.3M incl. $927.1M options CALL+PUT | 15,603 | 39.20% | 6q | +4.6%+$41.3M |
| Jasper Ridge Partners, L.P. | $733.0M | 1,117,575 | 15.63% | new | NEW |
| MARSHALL WACE, LLP | $664.2M incl. $660.7M options CALL+PUT | 5,371 | 0.52% | 10q | -97.0%-$21.2B |
| WELLS FARGO & COMPANY/MN | $657.9M incl. $14.8M options CALL+PUT | 980,517 | 0.11% | 31q | +6.7%+$41.3M |
| Migdal Insurance & Financial Holdings Ltd. | $651.1M | 992,691 | 4.17% | 10q | +30.5%+$152.3M |
| Maven Securities LTD | $630.1M CALL+PUT | options only | 12.45% | 16q | OPTIONS |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $603.4M | 920,000 | 0.85% | 27q | +820.0%+$537.8M |
| PointState Capital LP | $601.1M PUT | options only | 7.68% | new | OPTIONS |
| Polymer Capital Management (HK) LTD | $553.9M PUT | options only | 28.04% | 7q | OPTIONS |
| Jain Global LLC | $552.6M incl. $493.6M options CALL+PUT | 89,894 | 2.17% | 5q | HELD |
| Clal Insurance Enterprises Holdings Ltd | $525.6M incl. $4.2M options PUT | 795,000 | 2.35% | 5q | +39.5%+$148.8M |
| MENORA MIVTACHIM HOLDINGS LTD. | $511.1M | 779,200 | 1.99% | 14q | -34.9%-$273.6M |
| ENVESTNET ASSET MANAGEMENT INC | $484.7M | 739,031 | 0.11% | 24q | -1.0%-$4.7M |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | $468.3M PUT | options only | 8.23% | 3q | OPTIONS |
| Cavalier Investments, LLC | $467.9M incl. $467.3M options CALL+PUT | 923 | 19.44% | 27q | -97.0%-$15.0B |
| TUDOR INVESTMENT CORP ET AL | $461.0M incl. $439.4M options CALL+PUT | 32,924 | 0.64% | 11q | -37.8%-$280.1M |
| Walleye Trading LLC | $441.8M CALL+PUT | options only | 0.50% | 31q | OPTIONS |
| RAYMOND JAMES FINANCIAL INC | $416.5M incl. $247.0K options PUT | 634,630 | 0.11% | 7q | +2.2%+$9.0M |
| MEITAV INVESTMENT HOUSE LTD | $402.4M | 613,486 | 2.71% | 22q | -32.2%-$191.5M |
| Allianz Asset Management GmbH | $395.0M incl. $332.6M options PUT | 95,190 | 0.32% | 3q | +35.1%+$102.6M |
| Focus Partners Wealth | $386.1M | 588,682 | 0.40% | 11q | +530.0%+$324.8M |
| Cerity Partners OCIO LLC | $378.6M | 577,281 | 19.16% | new | NEW |
| CMT Capital Markets Trading GmbH | $367.0M incl. $365.4M options CALL+PUT | 2,469 | 3.11% | 27q | -64.8%-$674.4M |
| Schonfeld Strategic Advisors LLC | $354.3M CALL+PUT | options only | 1.27% | 2q | OPTIONS |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $353.5M | 539,026 | 0.19% | 31q | +0.7%+$2.5M |
| Cetera Investment Advisers | $342.5M | 522,174 | 0.31% | 25q | +2.1%+$6.9M |
| Saudi Central Bank | $335.0M | 602,006 | 4.39% | 5q | HELD |
| PRUDENTIAL PLC | $309.8M | 472,312 | 1.69% | 3q | +207.8%+$209.1M |
| MAPLELANE CAPITAL, LLC | $301.7M PUT | options only | 5.47% | new | OPTIONS |
| NATIONAL BANK OF CANADA /FI/ | $300.2M incl. $285.5M options CALL+PUT | 22,286 | 0.21% | 2q | +111.0%+$157.9M |
| RiverFront Investment Group, LLC | $289.3M | 441,124 | 3.83% | 10q | +3.2%+$9.0M |
| Artisan Partners Limited Partnership | $273.0M PUT | options only | 0.43% | new | OPTIONS |
| Cambridge Investment Research Advisors, Inc. | $269.4M | 410,793 | 0.31% | 31q | +112.1%+$142.4M |
| AMERIPRISE FINANCIAL INC | $269.0M incl. $73.3M options CALL+PUT | 297,998 | 0.05% | 31q | -17.7%-$57.9M |
| SIG BROKERAGE, LP | $262.3M CALL+PUT | options only | 5.10% | 6q | OPTIONS |
| ExodusPoint Capital Management, LP | $247.9M incl. $245.1M options CALL+PUT | 4,257 | 1.60% | 5q | HELD |
| Public Sector Pension Investment Board | $245.3M incl. $226.3M options CALL+PUT | 29,000 | 0.63% | new | NEW |
| CAPSTONE INVESTMENT ADVISORS, LLC | $244.0M CALL+PUT | options only | 0.45% | 6q | OPTIONS |
| OSAIC HOLDINGS, INC. | $234.9M incl. $52.5K options CALL | 357,849 | 0.28% | 26q | +12.4%+$26.0M |
| Verition Fund Management LLC | $232.7M incl. $229.3M options CALL+PUT | 5,207 | 1.18% | 7q | -6.0%-$14.9M |
| Quadrature Capital Ltd | $228.0M | 347,669 | 1.95% | new | NEW |
| Harel Insurance Investments & Financial Services Ltd. | $227.7M | 347,156 | 1.11% | 10q | -35.0%-$122.7M |
| Centiva Capital, LP | $214.7M incl. $177.5M options CALL+PUT | 56,684 | 1.87% | new | NEW |
| SONA ASSET MANAGEMENT (US) LLC | $209.9M PUT | options only | 4.40% | 2q | OPTIONS |
| Nishkama Capital, LLC | $203.3M PUT | options only | 6.26% | 2q | OPTIONS |
| NWI MANAGEMENT LP | $198.7M incl. $196.8M options PUT | 3,000 | 9.20% | 9q | -50.0%-$198.7M |
| MIRAE ASSET SECURITIES (USA) INC. | $197.1M incl. $98.4M options PUT | 150,502 | 5.50% | new | NEW |
| PICTON MAHONEY ASSET MANAGEMENT | $196.8M PUT | options only | 1.46% | new | OPTIONS |
| Caption Management, LLC | $187.7M incl. $173.8M options PUT | 21,220 | 0.87% | 3q | -14.5%-$31.8M |
| Rockefeller Capital Management L.P. | $185.9M | 283,483 | 0.29% | 26q | -6.6%-$13.2M |
| MML INVESTORS SERVICES, LLC | $185.4M | 282,670 | 0.38% | 31q | +9.3%+$15.7M |
| Point72 Asset Management, L.P. | $180.8M incl. $179.6M options CALL+PUT | 1,750 | 0.20% | 6q | -61.1%-$283.9M |
| Elliott Investment Management L.P. | $164.0M PUT | options only | 0.72% | new | OPTIONS |
| Cartenna Capital, LP | $164.0M PUT | options only | 3.90% | new | OPTIONS |
| Capital Markets Trading UK LLP | $162.2M incl. $149.7M options CALL+PUT | 19,000 | 1.55% | 31q | +201.3%+$108.3M |
| BlueCrest Capital Management Ltd | $162.0M incl. $52.5M options PUT | 167,000 | 5.34% | 2q | +2126.7%+$154.7M |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $160.8M | 254,408 | 0.11% | new | NEW |
| Hudson Bay Capital Management LP | $159.6M incl. $134.7M options PUT | 37,960 | 0.43% | 10q | HELD |
| JONES FINANCIAL COMPANIES LLLP | $146.7M | 239,789 | 0.06% | 18q | +24.0%+$28.3M |
| Howard Capital Management, LLC | $129.3M | 197,200 | 1.54% | 2q | HELD |
| COMMONWEALTH EQUITY SERVICES, LLC | $124.6M | 189,914 | 0.16% | 31q | +1.2%+$1.5M |
| RH Tailwind Management, LLC | $121.7M incl. $116.1M options CALL+PUT | 8,500 | 11.85% | 3q | -70.7%-$293.4M |
| Portfolio Strategies, Inc. | $115.1M | 175,468 | 11.29% | 27q | +7.5%+$8.0M |
| Woodline Partners LP | $112.9M | 172,111 | 0.35% | 9q | +362.4%+$88.5M |
| CAPITAL FUND MANAGEMENT S.A. | $112.8M incl. $87.5M options CALL+PUT | 38,613 | 0.50% | 16q | -19.7%-$27.6M |
| Marathon Trading Investment Management LLC | $110.4M CALL+PUT | options only | 3.42% | 31q | OPTIONS |
| Private Advisor Group, LLC | $108.0M | 164,599 | 0.49% | 14q | +0.9%+$983.2K |
| Mirae Asset Global Investments Co., Ltd. | $104.6M | 159,429 | 0.15% | 14q | -24.3%-$33.6M |
| SG Americas Securities, LLC | $99.8M incl. $13.7M options CALL+PUT | 131,286 | 0.06% | 9q | +85.5%+$46.0M |
| Kestra Advisory Services, LLC | $95.1M incl. $4.9M options PUT | 137,546 | 0.31% | 24q | -5.4%-$5.4M |
| Alphadyne Asset Management LP | $88.5M CALL+PUT | options only | 0.85% | new | OPTIONS |
Showing the largest 100 of 1,643 reported holders.
Q2 2026 in brief
In Q2 2026, 1,643 managers that file Form 13F reported holding Vaneck Etf Trust (SMH), $178.6B in all. 378 managers opened a position and 97 sold out completely, against 1,362 holders the quarter before. Largest holders: Susquehanna International Group, Llp, Citadel Advisors Llc and Goldman Sachs Group Inc. Largest new positions: Compass Rose Asset Management, Lp ($2.6B), Great Hill Capital Llc ($2.5B) and Jasper Ridge Partners, L.P. ($733.0M).
Q2 2026 is the latest quarter whose 13F deadline has passed. A 13F shows long US stock positions at quarter end, filed up to 45 days later; an adviser and a sub-adviser can both report the same shares.
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 652 | $3.3B | 5,306,467 | 60 | 226 | 187 | 3.9% |
| Q2 2026 | 1,643 | $178.6B | 59,276,469 | 365 | 487 | 472 | 78.6% |
| Q1 2026 | 1,362 | $56.6B | 51,517,561 | 207 | 462 | 358 | 65.6% |
| Q4 2025 | 1,254 | $48.6B | 49,271,613 | 161 | 415 | 322 | 63.6% |
| Q3 2025 | 1,108 | $44.2B | 48,781,314 | 147 | 389 | 304 | 64.1% |
| Q2 2025 | 1,064 | $38.1B | 51,013,571 | 205 | 349 | 301 | 62.7% |
| Q1 2025 | 952 | $25.4B | 49,642,443 | 110 | 337 | 313 | 60.5% |
| Q4 2024 | 998 | $26.6B | 49,096,033 | 127 | 353 | 259 | 55.3% |
| Q3 2024 | 916 | $30.6B | 48,706,856 | 122 | 347 | 241 | 61.0% |
| Q2 2024 | 905 | $31.1B | 48,759,381 | 164 | 356 | 203 | 58.9% |
| Q1 2024 | 815 | $29.7B | 54,652,376 | 182 | 297 | 181 | 59.4% |
| Q4 2023 | 697 | $18.8B | 47,497,282 | 120 | 237 | 159 | 55.4% |
| Q3 2023 | 593 | $14.7B | 45,480,627 | 89 | 196 | 146 | 55.0% |
| Q2 2023 | 557 | $15.8B | 38,653,281 | 95 | 176 | 166 | 62.8% |
| Q1 2023 | 517 | $16.9B | 23,694,597 | 128 | 151 | 130 | 63.7% |
| Q4 2022 | 453 | $12.6B | 23,806,437 | 98 | 113 | 153 | 61.7% |
| Q3 2022 | 407 | $18.2B | 294,998,427 | 59 | 126 | 134 | 39.8% |
| Q2 2022 | 442 | $21.3B | 207,461,925 | 82 | 133 | 143 | 44.5% |
| Q1 2022 | 466 | $30.9B | 388,943,784 | 86 | 156 | 140 | 23.0% |
| Q4 2021 | 476 | $26.4B | 60,755,361 | 86 | 146 | 128 | 29.2% |
| Q3 2021 | 410 | $23.3B | 536,449,434 | 61 | 149 | 100 | 26.5% |
| Q2 2021 | 404 | $22.8B | 581,119,169 | 90 | 140 | 93 | 30.0% |
| Q1 2021 | 367 | $20.1B | 59,547,521 | 104 | 133 | 67 | 27.8% |
| Q4 2020 | 323 | $16.3B | 46,638,224 | 81 | 97 | 68 | 37.5% |
| Q3 2020 | 251 | $11.8B | 46,263,296 | 59 | 78 | 58 | 31.8% |
| Q2 2020 | 235 | $10.0B | 40,463,925 | 65 | 72 | 50 | 38.0% |
| Q1 2020 | 208 | $8.2B | 37,321,569 | 60 | 60 | 50 | 46.4% |
| Q4 2019 | 218 | $8.7B | 32,663,277 | 68 | 50 | 44 | 47.0% |
| Q3 2019 | 183 | $8.0B | 25,651,227 | 38 | 37 | 44 | 62.0% |
| Q2 2019 | 190 | $12.0B | 28,881,452 | 65 | 34 | 46 | 73.7% |
| Q1 2019 | 169 | $7.1B | 29,594,244 | 44 | 37 | 50 | 55.5% |
| Q4 2018 | 161 | $24.1B | 1,380,654,145 | 6 | 2 | 5 | 15.6% |