VanEck Semiconductor ETF
1,021 hedge funds and large institutions have $13.8B invested in VanEck Semiconductor ETF in 2025 Q2 according to their latest regulatory filings, with 200 funds opening new positions, 356 increasing their positions, 311 reducing their positions, and 87 closing their positions.
130% more first-time investments, than exits
New positions opened: 200 | Existing positions closed: 87
71% more funds holding in top 10
Funds holding in top 10: 28 → 48 (+20)
14% more repeat investments, than reductions
Existing positions increased: 356 | Existing positions reduced: 311
11% more funds holding
Funds holding: 923 → 1,021 (+98)
1% less capital inflows, than outflows
Capital inflows: $1.91B | Capital outflows: $1.93B
2.29% less ownership
Funds ownership: 54.53% → 52.24% (-2.3%)
46% less call options, than puts
Call options by funds: $6.8B | Put options by funds: $12.6B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$163M |
| 2 |
Saudi Central Bank
Riyadh,
Saudi Arabia
|
+$140M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$132M |
| 4 |
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$105M |
| 5 |
Belvedere Trading
Chicago,
Illinois
|
+$87.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Main Management ETF Advisors
San Francisco,
California
|
-$431M |
| 2 |
Goldman Sachs
New York
|
-$299M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$142M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$110M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$100M |
SMH Hedge Fund Activity: Q2 2025 in Review
1,021 of the 7,628 institutional investors tracked by Wall St. Rank reported a position in VanEck Semiconductor ETF (SMH) for Q2 2025, worth a combined $13.8B — up 37% from $10B a quarter earlier.
Buyers outnumbered sellers: 200 funds opened new SMH positions and 87 closed out — a net gain of 113 holders — while 356 added to existing stakes and 311 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $163M. The largest seller was Main Management ETF Advisors, cutting an estimated $431M.
- 1,021 institutional investors held VanEck Semiconductor ETF (SMH) as of Q2 2025, up from 923 in Q1 2025.
- Funds reported $13.8B of VanEck Semiconductor ETF stock for Q2 2025, up 37% quarter-over-quarter.
- 200 funds opened new VanEck Semiconductor ETF positions in Q2 2025 and 87 closed out, a net change of +113 holders.
- The largest VanEck Semiconductor ETF buyer in Q2 2025 was JP Morgan Chase, an estimated $163M added.
- The largest VanEck Semiconductor ETF seller in Q2 2025 was Main Management ETF Advisors, an estimated $431M sold.
Based on aggregated 13F filings for Q2 2025.