Main Management ETF Advisors’s VanEck Semiconductor ETF SMH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-67,846	Closed	-$24.4M	–	183
2025 Q4	$24.4M	Sell	67,846 -379,781	-85%	-$133M	0.87%	10
2025 Q3	$146M	Sell	447,627 -498,528	-53%	-$148M	5.41%	6
2025 Q2	$264M	Sell	946,155 -1,856,985	-66%	-$431M	10.97%	4
2025 Q1	$140M	Buy	2,803,140 +1,830,400	+188%	+$439M	6.79%	8
2024 Q4	$236M	Buy	972,740 +29,920	+3%	+$7.42M	10.68%	3
2024 Q3	$231M	Buy	942,820 +253,300	+37%	+$61.6M	10.97%	4
2024 Q2	$180M	Buy	689,520 +17,340	+3%	+$4.07M	8.98%	5
2024 Q1	$151M	Buy	672,180 +22,440	+3%	+$4.51M	7.99%	5
2023 Q4	$114M	Buy	649,740 +48,960	+8%	+$7.66M	6.67%	6
2023 Q3	$87.1M	Buy	600,780 +30,600	+5%	+$4.63M	6.19%	8
2023 Q2	$86.8M	Buy	570,180 +34,680	+6%	+$4.69M	6.29%	9
2023 Q1	$70.5M	Buy	535,500 +14,280	+3%	+$1.71M	5.98%	8
2022 Q4	$52.9M	Buy	521,220 +343,740	+194%	+$34.9M	4.94%	10
2022 Q3	$16.4M	Sell	177,480 -106,140	-37%	-$11.6M	1.89%	16
2022 Q2	$28.9M	Sell	283,620 -580	-0.2%	-$67.4K	3.21%	12
2022 Q1	$38.3M	Buy	284,200 +1,740	+0.6%	+$238K	3.56%	12
2021 Q4	$43.6M	Buy	282,460 +14,500	+5%	+$2.1M	3.83%	13
2021 Q3	$34.3M	Buy	267,960 +12,180	+5%	+$1.6M	3.47%	13
2021 Q2	$33.5M	Buy	255,780 +13,340	+6%	+$1.65M	3.49%	13
2021 Q1	$29.5M	Buy	242,440 +27,260	+13%	+$3.23M	3.49%	13
2020 Q4	$23.5M	Sell	215,180 -580	-0.3%	-$57.5K	3.68%	13
2020 Q3	$18.8M	Sell	215,760 -5,800	-3%	-$486K	3.32%	12
2020 Q2	$16.9M	Buy	221,560 +9,860	+5%	+$677K	3.19%	13
2020 Q1	$12.4M	Buy	+211,700	New	+$14.3M	2.96%	12
2019 Q3	–	Sell	-313,020	Closed	-$17.2M	–	14
2019 Q2	$17.2M	Buy	+313,020	New	+$17M	3.97%	11