SMH
VanEck Semiconductor ETF · Financial Services · Asset Management
Momentum inputs (comparable managers):
holder breadth -16.7% ·
share flow -30.0% ·
net new positions -20.0%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 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 | Fisher Asset Management ✦ | 173.14K | -17.5% | $48.29M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 2 | BlackRock ✦ (passive) | 165.09K | — | $46.04M | 0.0% | n/c | 1 | SEC ↗ |
| 3 | BlackRock ✦ (passive) | 165.09K | — | $46.04M | 0.0% | n/c | 1 | SEC ↗ |
| 4 | BlackRock ✦ (passive) | 165.09K | — | $46.04M | 0.0% | n/c | 1 | SEC ↗ |
| 5 | BlackRock ✦ (passive) | 165.09K | — | $46.04M | 0.0% | n/c | 1 | SEC ↗ |
| 6 | BlackRock ✦ (passive) | 165.09K | — | $46.04M | 0.0% | n/c | 1 | SEC ↗ |
| 7 | BlackRock ✦ (passive) | 165.09K | — | $46.04M | 0.0% | n/c | 1 | SEC ↗ |
| 8 | D. E. Shaw & Co. ✦ | 82.03K | +21.4% | $22.88M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 9 | Millennium Management ✦ | 35.47K | -90.8% | $9.89M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 10 | Fidelity (FMR) ✦ | 20.16K | — | $5.62M | 0.0% | n/c | 1 | SEC ↗ |
| 11 | Fidelity (FMR) ✦ | 20.16K | — | $5.62M | 0.0% | n/c | 1 | SEC ↗ |
| 12 | Two Sigma Investments ✦ | 5.72K | -94.5% | $1.59M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 13 | GAMCO Investors ✦ | 4.00K | New | $1.12M | 0.0% | New | 1 | SEC ↗ |
| 14 | AQR Capital Management ✦ | 3.46K | +45.4% | $965,761 | 0.0% | ▲ Add | 5 | SEC ↗ |
| 15 | Gotham Asset Management ✦ | 3.30K | +1.5% | $920,025 | 0.0% | ▲ Add | 4 | SEC ↗ |
| 16 | T. Rowe Price ✦ | 2.80K | 0.0% | $781,000 | 0.0% | Held | 5 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| GAMCO Investors | $1.12M | 0.0% |
Exited
| Renaissance Technologies | $53.30M | was 0.1% |
| Citadel Advisors | $18.75M | was 0.0% |
| Marshall Wace | $16.21M | was 0.0% |
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.