VanEck Fabless Semiconductor ETF
SMHX
41 hedge funds and large institutions have $42.8M invested in VanEck Fabless Semiconductor ETF in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 1 closing their positions.
1,800% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 1
360% more capital inflows, than outflows
Capital inflows: $15.4M | Capital outflows: $3.34M
71% more funds holding
Funds holding: 24 → 41 (+17)
7.02% more ownership
Funds ownership: 18.29% → 25.3% (+7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$4.37M |
| 2 |
AssetMark Inc
Concord,
California
|
+$3.42M |
| 3 |
HRT Financial
New York
|
+$2.46M |
| 4 |
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$2.26M |
| 5 |
EA
Echo45 Advisors
Walnut Creek,
California
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$1.02M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$996K |
| 3 |
BSG
Black Swift Group
Boulder,
Colorado
|
-$809K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$416K |
| 5 |
Tower Research Capital (TRC)
New York
|
-$48.3K |
SMHX Hedge Fund Activity: Q4 2025 in Review
41 of the 8,287 institutional investors tracked by Wall St. Rank reported a position in VanEck Fabless Semiconductor ETF (SMHX) for Q4 2025, worth a combined $42.8M — up 28% from $33.4M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new SMHX positions and 1 closed out — a net gain of 18 holders — while 8 added to existing stakes and 8 trimmed.
The largest buyer was LPL Financial, adding an estimated $4.37M. The largest seller was Jane Street, cutting an estimated $1.02M.
- 41 institutional investors held VanEck Fabless Semiconductor ETF (SMHX) as of Q4 2025, up from 24 in Q3 2025.
- Funds reported $42.8M of VanEck Fabless Semiconductor ETF stock for Q4 2025, up 28% quarter-over-quarter.
- 19 funds opened new VanEck Fabless Semiconductor ETF positions in Q4 2025 and 1 closed out, a net change of +18 holders.
- The largest VanEck Fabless Semiconductor ETF buyer in Q4 2025 was LPL Financial, an estimated $4.37M added.
- The largest VanEck Fabless Semiconductor ETF seller in Q4 2025 was Jane Street, an estimated $1.02M sold.
Based on aggregated 13F filings for Q4 2025.