SMH β€” VANECK ETF TRUST

Ownership history in Gruss & Co., LLC  Β·  9 quarters on record

This page tracks every 13F SEC filing in which Gruss & Co., LLC reported a position in VANECK ETF TRUST (SMH). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
7.75% (2024 Q3)
πŸ“Š Avg. % of fund
2.25%
πŸ“… First filed
2023 Q4
πŸ“… Last filed
2025 Q4
⏱ Quarters held
9

Position Intelligence

Gruss & Co., LLC Γ— SMH AI Analytics

πŸ“ˆ Gruss & Co., LLC outperformed the S&P 500 by +14.9% annually on this SMH position. Timing score: 50% (2/4 decisions correct). Average cost basis: $243.61. Maximum drawdown during holding period: –18.5%.

πŸ“ˆ Position Alpha vs SPY
+14.9%
annualised excess return

πŸ”₯ Exceptional β€” beat the S&P 500 by 14.9% per year on this position.
7 quarters analyzed

⏱️ Timing Score
50%

➑️ Neutral timing β€” roughly coin-flip accuracy on add/trim calls.
2 of 4 add/trim decisions correct

πŸ’° Entry Quality
$243.61
+47.8% vs current ($360.13)

Best entry: $243.61 (2024 Q3)  Β·  Worst: $243.61 (2024 Q3)

πŸ›‘οΈ Drawdown Resilience
–18.5%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
40%
buy-side decisions

2 adds Β· 3 trims. Bought during 1 of 3 down-price quarters. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 0.79% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    SMH price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 9 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 UNCHANGED 1,000 β€” 0% 0.79% $360K $360.13
2025 Q3 UNCHANGED 1,000 β€” 0% 0.85% $326K $325.35
2025 Q2 UNCHANGED 1,000 β€” 0% 1.30% $279K $278.01
2025 Q1 REDUCED 1,000 -1,000 -50.0% 0.92% $211K $210.81
2024 Q4 REDUCED 2,000 -2,000 -50.0% 2.07% $484K $241.42
2024 Q3 ADDED 4,000 +3,000 +300.0% 7.75% $982K $243.61
2024 Q2 REDUCED 1,000 -1,000 -50.0% 1.41% $261K $258.74
2024 Q1 UNCHANGED 2,000 β€” 0% 2.48% $450K $223.30
2023 Q4 INITIATED 2,000 β€” β€” 2.71% $350K β€”
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