VANECK ETF TRUST

Ticker: SMH CUSIP: 92189F676 Class: ETF

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 10,800 Value ($000) $3,889 Avg Close — Range —
Q3 2025
Shares 9,501 Value ($000) $3,101 Avg Close — Range —
Q2 2025
Shares 20,500 Value ($000) $5,717 Avg Close — Range —
Q3 2024
Shares 7,000 Value ($000) $1,718 Avg Close — Range —
Q4 2023
Shares 20,000 Value ($000) $3,497 Avg Close — Range —
Q1 2023
Shares 75,262 Value ($000) $19,808 Avg Close — Range —
Q4 2022
Shares 67,500 Value ($000) $13,698 Avg Close — Range —
Q1 2021
Shares 40,000 Value ($000) $9,742 Avg Close — Range —
Q4 2020
Shares 70,000 Value ($000) $15,289 Avg Close — Range —