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 Q2	$62.7M	Buy	95,530 +623	+0.7%	+$340K	5.72%	7
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 $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

BNP Paribas Financial Markets Paris, France $289B AUM 60.46% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $1.28T AUM 58.89% 1-Year Est. Return

Barclays London, United Kingdom $521B AUM 51.41% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

JRP

Jasper Ridge Partners Menlo Park, California $4.69B AUM 31.34% 1-Year Est. Return

Miller Investment Management's SMH Position: Q2 2026 in Review

Miller Investment Management increased its VanEck Semiconductor ETF (SMH) stake by 0.66% in Q2 2026, buying an estimated $340K and bringing the position to 95,530 shares worth $62.7M. The position accounts for 5.72% of the portfolio, ranked #7.

Miller Investment Management first reported a position in SMH in Q1 2021 and has held it in 22 quarters since. 1,554 funds tracked by Wall St. Rank hold SMH as of Q2 2026.

Miller Investment Management held 95,530 shares of VanEck Semiconductor ETF worth $62.7M as of Q2 2026.
Miller Investment Management bought 623 VanEck Semiconductor ETF shares in Q2 2026, an estimated $340K.
VanEck Semiconductor ETF made up 5.72% of Miller Investment Management's portfolio in Q2 2026, its #7 holding.
Miller Investment Management first reported a position in VanEck Semiconductor ETF in Q1 2021 and has held it in 22 quarters since.
1,554 funds tracked by Wall St. Rank held VanEck Semiconductor ETF as of Q2 2026.

Based on Miller Investment Management's 13F filing for Q2 2026, filed 13 Aug 2026.