Miller Investment Management’s VanEck Semiconductor ETF SMH Stock Holding History

Miller Investment Management’s Portfolio SMH Stock Details SMH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$36.4M	Sell	94,907 -1,738	-2%	-$690K	3.61%	7
2025 Q4	$34.8M	Sell	96,645 -20,544	-18%	-$7.21M	3.4%	8
2025 Q3	$38.2M	Sell	117,189 -1,842	-2%	-$545K	3.84%	7
2025 Q2	$33.2M	Buy	119,031 +124	+0.1%	+$28.8K	3.49%	7
2025 Q1	$25.1M	Sell	118,907 -178	-0.1%	-$42.7K	2.78%	8
2024 Q4	$28.8M	Buy	119,085 +651	+0.5%	+$162K	3.16%	7
2024 Q3	$29.1M	Buy	118,434 +146	+0.1%	+$35.5K	3.03%	7
2024 Q2	$30.8M	Buy	118,288 +39,190	+50%	+$9.19M	3.68%	7
2024 Q1	$17.8M	Buy	79,098 +604	+0.8%	+$121K	2.27%	11
2023 Q4	$13.7M	Sell	78,494 -126	-0.2%	-$19.7K	1.95%	16
2023 Q3	$11.4M	Sell	78,620 -722	-0.9%	-$109K	1.79%	17
2023 Q2	$12.1M	Sell	79,342 -74	-0.1%	-$10K	1.84%	16
2023 Q1	$10.5M	Sell	79,416 -2,476	-3%	-$297K	1.73%	16
2022 Q4	$8.31M	Sell	81,892 -6,708	-8%	-$682K	1.42%	15
2022 Q3	$8.2M	Sell	88,600 -9,834	-10%	-$1.07M	1.71%	13
2022 Q2	$10M	Sell	98,434 -21,724	-18%	-$2.52M	2.06%	12
2022 Q1	$16.2M	Sell	120,158 -9,186	-7%	-$1.26M	2.55%	11
2021 Q4	$20M	Sell	129,344 -1,476	-1%	-$213K	2.86%	11
2021 Q3	$16.8M	Sell	130,820 -12,502	-9%	-$1.65M	2.88%	10
2021 Q2	$18.8M	Buy	143,322 +948	+0.7%	+$117K	3.27%	8
2021 Q1	$17.3M	Buy	+142,374	New	+$16.9M	3.21%	8

Other funds holding SMH

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

MMH

Menora Mivtachim Holdings Ramat Gan, Israel $21.1B AUM 40.03% 1-Year Est. Return

BNP Paribas Financial Markets Paris, France $206B AUM 31.61% 1-Year Est. Return

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

MIH

Meitav Investment House Bene-Beraq, Israel $9.12B AUM 42.07% 1-Year Est. Return

Miller Investment Management's SMH Position: Q1 2026 in Review

Miller Investment Management reduced its VanEck Semiconductor ETF (SMH) stake by 1.8% in Q1 2026, selling an estimated $690K and leaving 94,907 shares worth $36.4M. The position accounts for 3.61% of the portfolio, ranked #7.

Miller Investment Management first reported a position in SMH in Q1 2021 and has held it in 21 quarters since. The position peaked at $38.2M in Q3 2025. 1,298 funds tracked by Wall St. Rank hold SMH as of Q1 2026.

Miller Investment Management held 94,907 shares of VanEck Semiconductor ETF worth $36.4M as of Q1 2026.
Miller Investment Management sold 1,738 VanEck Semiconductor ETF shares in Q1 2026, an estimated $690K.
VanEck Semiconductor ETF made up 3.61% of Miller Investment Management's portfolio in Q1 2026, its #7 holding.
Miller Investment Management first reported a position in VanEck Semiconductor ETF in Q1 2021 and has held it in 21 quarters since.
Miller Investment Management's VanEck Semiconductor ETF position peaked at $38.2M in Q3 2025.
1,298 funds tracked by Wall St. Rank held VanEck Semiconductor ETF as of Q1 2026.

Based on Miller Investment Management's 13F filing for Q1 2026, filed 8 May 2026.