SMH
VanEck Semiconductor ETF · Financial Services · Asset Management
Momentum inputs (comparable managers):
holder breadth +11.1% ·
share flow -13.3% ·
net new positions +10.0%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 97 | -1 | 39.27M | $25.69B | +11 | −12 |
| Q1 2026 | 99 | +8 | 34.38M | $13.14B | +13 | −5 |
| Q4 2025 | 90 | 0 | 34.82M | $12.48B | +3 | −3 |
| Q3 2025 | 13 | 0 | 7.01M | $2.29B | +2 | −2 |
| Q2 2025 | 10 | -2 | 495.18K | $138.10M | +1 | −3 |
| Q1 2025 | 10 | +1 | 1.19M | $251.87M | +1 | — |
| Q4 2024 | 9 | +3 | 1.37M | $332.58M | +3 | — |
| Q3 2024 | 6 | 0 | 754.92K | $185.30M | +2 | −2 |
| Q2 2024 | 6 | — | 1.03M | $268.23M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Millennium Management ✦ | 384.76K | +1213.9% | $81.37M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 2 | Renaissance Technologies ✦ | 252.07K | +200.2% | $53.30M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 3 | Fisher Asset Management ✦ | 209.92K | -66.8% | $44.39M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 4 | Two Sigma Investments ✦ | 102.99K | New | $21.78M | 0.0% | New | 1 | SEC ↗ |
| 5 | Citadel Advisors ✦ | 88.69K | +75.4% | $18.75M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 6 | Marshall Wace ✦ | 76.65K | +12.5% | $16.21M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 7 | Marshall Wace ✦ | 76.65K | +12.5% | $16.21M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 8 | D. E. Shaw & Co. ✦ | 67.55K | -86.5% | $14.29M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 9 | Gotham Asset Management ✦ | 3.25K | +48.6% | $687,066 | 0.0% | ▲ Add | 3 | SEC ↗ |
| 10 | T. Rowe Price ✦ | 2.80K | 0.0% | $593,000 | 0.0% | Held | 4 | SEC ↗ |
| 11 | AQR Capital Management ✦ | 2.38K | +4.8% | $503,510 | 0.0% | ▲ Add | 4 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Two Sigma Investments | $21.78M | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 1,287 holders, 51.06M shares, $18.06B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.