VANECK ETF TRUST

Ticker: SMHX CUSIP: 92189H664 Class: FABLESS SEMICOND

Holders for Q4 2025 Position Changes for Q4 2025

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

InstitutionSharesValue ($000)
Black Swift Group, LLC325,166$12,366
ASSETMARK, INC309,536$11,772
LPL Financial LLC121,307$4,613
HRT FINANCIAL LP70,765$3
Dakota Wealth Management58,115$2,210
Provenance Wealth Advisors, LLC45,338$1,724
Tower Research Capital LLC (TRC)27,357$1,040
Echo45 Advisors LLC26,084$992
SUSQUEHANNA INTERNATIONAL GROUP, LLP19,516$742
BXM Wealth LLC19,195$730
GRIMES & COMPANY, INC.13,637$519
COMMONWEALTH EQUITY SERVICES, LLC9,473$360
Columbus Macro, LLC8,811$335
Cambridge Investment Research Advisors, Inc.8,299$0
PENNSYLVANIA CAPITAL MANAGEMENT INC /ADV7,810$297
GOLDMAN SACHS GROUP INC7,414$282
Cetera Investment Advisers7,107$270
JANE STREET GROUP, LLC6,810$259
ENVESTNET ASSET MANAGEMENT INC6,427$244
Apollon Wealth Management, LLC6,350$241
Advisory Services Network, LLC5,463$208
Ameritas Advisory Services, LLC5,317$202
OSAIC HOLDINGS, INC.2,623$100
UBS Group AG2,518$96
Farther Finance Advisors, LLC2,075$79
Global Retirement Partners, LLC1,090$41
Steward Partners Investment Advisory, LLC694$26
Kingdom Financial Group LLC.526$20
Atlantic Union Bankshares Corp500$19
VAN ECK ASSOCIATES CORP166$0
HARBOUR INVESTMENTS, INC.120$5
Cape Investment Advisory, Inc.98$4
BNP PARIBAS ARBITRAGE, SA81$3
Capital Investment Advisory Services, LLC65$2
SIMPLEX TRADING, LLC44$2
ROYAL BANK OF CANADA40$2
SIGNATUREFD, LLC40$2
Darwin Wealth Management, LLC36$1
Frazier Financial Advisors, LLC28$1
JPMORGAN CHASE & CO16$1
CoreCap Advisors, LLC4$0
Total (41 institutions)1,126,061$39,815