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VanEck Steel ETF
SLX

58 hedge funds and large institutions have $74.4M invested in VanEck Steel ETF in 2025 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 6

148% more capital invested

Capital invested by funds: $30M → $74.4M (+$44.3M)

70% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 10

38% more funds holding

Funds holding: 42 → 58 (+16)

12.98% more ownership

Funds ownership: 33.15% → 46.12% (+13%)

Holders
58
Holders Change
+16
Holders Change %
+38.1%
% of All Funds
0.71%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
17
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$6.97M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$6.76M
3
Raymond James Financial
Raymond James Financial
Florida
+$3.83M
4
Ameriprise
Ameriprise
Minnesota
+$3.15M
5
Two Sigma Investments
Two Sigma Investments
New York
+$3.01M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$940K
2
UBS Group
UBS Group
Switzerland
-$414K
3
GAM
Griffin Asset Management
New York
-$263K
4
Comerica Bank
Comerica Bank
Texas
-$224K
5
IWM
IHT Wealth Management
Illinois
-$116K
Name Holding Trade Value Shares
Change 		Change in
Stake
Raymond James Financial
1
Raymond James Financial
Florida
$12.3M +$3.83M +48,198 +50%
LPL Financial
2
LPL Financial
California
$10.4M +$6.97M +87,726 +249%
Morgan Stanley
3
Morgan Stanley
New York
$9.75M +$400K +5,033 +5%
Envestnet Asset Management
4
Envestnet Asset Management
Illinois
$7.23M +$6.76M +85,155 New
UBS Group
5
UBS Group
Switzerland
$4.57M -$414K -5,217 -9%
Cetera Investment Advisers
6
Cetera Investment Advisers
Illinois
$3.53M +$2.92M +36,722 +747%
Ameriprise
7
Ameriprise
Minnesota
$3.36M +$3.15M +39,613 New
Two Sigma Investments
8
Two Sigma Investments
New York
$3.22M +$3.01M +37,900 New
Jane Street
9
Jane Street
New York
$2.25M +$2.11M +26,561 New
Bank of America
10
Bank of America
North Carolina
$2.16M +$344K +4,337 +21%
CCMG
11
Clark Capital Management Group
Pennsylvania
$1.44M +$1.34M +16,935 New
WWM
12
WT Wealth Management
Arizona
$1.25M +$244K +3,066 +26%
FIA
13
Foundations Investment Advisors
Arizona
$1.22M +$1.14M +14,347 New
Susquehanna International Group
14
Susquehanna International Group
Pennsylvania
$1.15M +$658K +8,284 +158%
BRWA
15
B. Riley Wealth Advisors
Florida
$1.05M +$508K +6,397 +108%
CFIM
16
Client First Investment Management
Wisconsin
$986K +$923K +11,620 New
MML Investors Services
17
MML Investors Services
Massachusetts
$835K +$781K +9,836 New
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$656K +$135K +1,695 +28%
CFG
19
Citizens Financial Group
Rhode Island
$609K +$8.58K +108 +2%
MA
20
Mutual Advisors
Nebraska
$595K +$557K +7,015 New
Stifel Financial
21
Stifel Financial
Missouri
$571K -$8.66K -109 -2%
Osaic Holdings
22
Osaic Holdings
Arizona
$507K +$414K +5,212 +682%
FSA
23
Financial Sense Advisors
California
$424K +$397K +5,000 New
AllianceBernstein
24
AllianceBernstein
Tennessee
$364K – – –
PAS
25
Park Avenue Securities
New York
$340K +$318K +4,008 New
1
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SLX Hedge Fund Activity: Q4 2025 in Review

58 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in VanEck Steel ETF (SLX) for Q4 2025, worth a combined $74.4M — up 148% from $30M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new SLX positions and 6 closed out — a net gain of 16 holders — while 17 added to existing stakes and 10 trimmed.

The largest buyer was LPL Financial, adding an estimated $6.97M. The largest seller was Goldman Sachs, exiting entirely with an estimated $940K sold.

  • 58 institutional investors held VanEck Steel ETF (SLX) as of Q4 2025, up from 42 in Q3 2025.
  • Funds reported $74.4M of VanEck Steel ETF stock for Q4 2025, up 148% quarter-over-quarter.
  • 22 funds opened new VanEck Steel ETF positions in Q4 2025 and 6 closed out, a net change of +16 holders.
  • The largest VanEck Steel ETF buyer in Q4 2025 was LPL Financial, an estimated $6.97M added.
  • The largest VanEck Steel ETF seller in Q4 2025 was Goldman Sachs, an estimated $940K sold.

Based on aggregated 13F filings for Q4 2025.