VanEck Natural Resources ETF
HAP
51 hedge funds and large institutions have $113M invested in VanEck Natural Resources ETF in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 4 closing their positions.
8% more capital invested
Capital invested by funds: $105M → $113M (+$8.45M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.15% less ownership
Funds ownership: 66.12% → 64.97% (-1.1%)
2% less funds holding
Funds holding: 52 → 51 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
39% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$767K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$503K |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$459K |
| 4 |
E
EntreWealth
Austin,
Texas
|
+$210K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$199K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$1.49M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$591K |
| 3 |
FLPIM
F.L. Putnam Investment Management
Lynnfield,
Massachusetts
|
-$462K |
| 4 |
MCM
Morton Capital Management
Calabasas,
California
|
-$417K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$359K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $114 | -$6.47K | -119 | -98% |
|
|
52
Citadel Advisors
Miami,
Florida
| – | -$591K | -11,375 | Closed |
|
|
53
Envestnet Asset Management
Chicago,
Illinois
| – | -$359K | -6,914 | Closed |
|
|
EW
54
Evoke Wealth
Los Angeles,
California
| – | -$231K | -4,448 | Closed |
|
|
IBOK
55
Independence Bank of Kentucky
Owensboro,
Kentucky
| – | -$4.42K | -85 | Closed |
|
HAP Hedge Fund Activity: Q3 2025 in Review
51 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in VanEck Natural Resources ETF (HAP) for Q3 2025, worth a combined $113M — up 8.1% from $105M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of HAP and 3 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 11 added.
The largest buyer was Morgan Stanley, adding an estimated $767K. The largest seller was Cetera Investment Advisers, cutting an estimated $1.49M.
- 51 institutional investors held VanEck Natural Resources ETF (HAP) as of Q3 2025, down from 52 in Q2 2025.
- Funds reported $113M of VanEck Natural Resources ETF stock for Q3 2025, up 8.1% quarter-over-quarter.
- 3 funds opened new VanEck Natural Resources ETF positions in Q3 2025 and 4 closed out, a net change of -1 holder.
- The largest VanEck Natural Resources ETF buyer in Q3 2025 was Morgan Stanley, an estimated $767K added.
- The largest VanEck Natural Resources ETF seller in Q3 2025 was Cetera Investment Advisers, an estimated $1.49M sold.
Based on aggregated 13F filings for Q3 2025.