VanEck Semiconductor ETF
919 hedge funds and large institutions have $10B invested in VanEck Semiconductor ETF in 2025 Q1 according to their latest regulatory filings, with 102 funds opening new positions, 347 increasing their positions, 315 reducing their positions, and 136 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 347 | Existing positions reduced: 315
3.7% more ownership
Funds ownership: 50.82% → 54.52% (+3.7%)
5% less funds holding
Funds holding: 970 → 919 (-51)
15% less capital invested
Capital invested by funds: $11.9B → $10B (-$1.82B)
25% less first-time investments, than exits
New positions opened: 102 | Existing positions closed: 136
33% less funds holding in top 10
Funds holding in top 10: 42 → 28 (-14)
38% less call options, than puts
Call options by funds: $4.63B | Put options by funds: $7.5B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMEA
Main Management ETF Advisors
San Francisco,
California
|
+$439M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$275M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$167M |
| 4 |
Goldman Sachs
New York
|
+$132M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$108M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$164M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$162M |
| 3 |
SCB
Saudi Central Bank
Riyadh,
Saudi Arabia
|
-$149M |
| 4 |
Belvedere Trading
Chicago,
Illinois
|
-$144M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$107M |
SMH Hedge Fund Activity: Q1 2025 in Review
919 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in VanEck Semiconductor ETF (SMH) for Q1 2025, worth a combined $10B — down 15% from $11.9B a quarter earlier.
Sellers outnumbered buyers: 136 funds closed out of SMH and 102 opened new positions — a net loss of 34 holders — while 315 trimmed existing stakes and 347 added.
The largest buyer was Main Management ETF Advisors, adding an estimated $439M. The largest seller was JP Morgan Chase, cutting an estimated $164M.
- 919 institutional investors held VanEck Semiconductor ETF (SMH) as of Q1 2025, down from 970 in Q4 2024.
- Funds reported $10B of VanEck Semiconductor ETF stock for Q1 2025, down 15% quarter-over-quarter.
- 102 funds opened new VanEck Semiconductor ETF positions in Q1 2025 and 136 closed out, a net change of -34 holders.
- The largest VanEck Semiconductor ETF buyer in Q1 2025 was Main Management ETF Advisors, an estimated $439M added.
- The largest VanEck Semiconductor ETF seller in Q1 2025 was JP Morgan Chase, an estimated $164M sold.
Based on aggregated 13F filings for Q1 2025.