VANECK ETF TRUST

Ticker: SMH CUSIP: 92189F676 Class: ETF

ADAPT Investment Managers SA's Holding History (CIK: 0002029917)

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

Q4 2025
Shares 109,241 Value ($000) $39,341 Avg Close — Range —
Q3 2025
Shares 34,434 Value ($000) $11,238 Avg Close — Range —