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.

New Positions (19)

Echo45 Advisors LLC
Value ($000) $992 Shares 26,084
Dakota Wealth Management
Value ($000) $2,210 Shares 58,115
Columbus Macro, LLC
Value ($000) $335 Shares 8,811
Ameritas Advisory Services, LLC
Value ($000) $202 Shares 5,317
Kingdom Financial Group LLC.
Value ($000) $20 Shares 526
Cetera Investment Advisers
Value ($000) $270 Shares 7,107
GOLDMAN SACHS GROUP INC
Value ($000) $282 Shares 7,414
ENVESTNET ASSET MANAGEMENT INC
Value ($000) $244 Shares 6,427
Farther Finance Advisors, LLC
Value ($000) $79 Shares 2,075
Steward Partners Investment Advisory, LLC
Value ($000) $26 Shares 694
Cape Investment Advisory, Inc.
Value ($000) $4 Shares 98
HARBOUR INVESTMENTS, INC.
Value ($000) $5 Shares 120
BNP PARIBAS ARBITRAGE, SA
Value ($000) $3 Shares 81
ROYAL BANK OF CANADA
Value ($000) $2 Shares 40
Frazier Financial Advisors, LLC
Value ($000) $1 Shares 28
SIMPLEX TRADING, LLC
Value ($000) $2 Shares 44
SIGNATUREFD, LLC
Value ($000) $2 Shares 40
JPMORGAN CHASE & CO
Value ($000) $1 Shares 16
CoreCap Advisors, LLC
Value ($000) $0 Shares 4

Increased Positions (7)

BXM Wealth LLC
Value ($000) $730 (+5.4%) Shares 19,195 (+6.1%)
ASSETMARK, INC
Value ($000) $11,772 (+38.7%) Shares 309,536 (+39.6%)
LPL Financial LLC
Value ($000) $4,613 (+1254.1%) Shares 121,307 (+1263.0%)
HRT FINANCIAL LP
Value ($000) $3 (+847.5%) Shares 70,765 (+851.7%)
UBS Group AG
Value ($000) $96 (+5112.8%) Shares 2,518 (+5145.8%)
COMMONWEALTH EQUITY SERVICES, LLC
Value ($000) $360 (+172282.8%) Shares 9,473 (+73.8%)
Global Retirement Partners, LLC
Value ($000) $41 (+831.7%) Shares 1,090 (+839.7%)

Decreased Positions (8)

Black Swift Group, LLC
Value ($000) $12,366 (-6.6%) Shares 325,166 (-6.0%)
OSAIC HOLDINGS, INC.
Value ($000) $100 (-90.8%) Shares 2,623 (-90.7%)
JANE STREET GROUP, LLC
Value ($000) $259 (-79.6%) Shares 6,810 (-79.5%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $742 (-35.8%) Shares 19,516 (-35.4%)
Tower Research Capital LLC (TRC)
Value ($000) $1,040 (-5.0%) Shares 27,357 (-4.3%)
Advisory Services Network, LLC
Value ($000) $208 (-3.4%) Shares 5,463 (-2.8%)
Cambridge Investment Research Advisors, Inc.
Value ($000) $0 (-9.7%) Shares 8,299 (-9.3%)
VAN ECK ASSOCIATES CORP
Value ($000) $0 (0.0%) Shares 166 (-1.8%)

Exited Positions (1)

Wealthspire Advisors, LLC
Value ($000) $9 Shares 225