Vaneck ETF Trust (SMHX) Hedge Fund Ownership (Q2 2026)

Vaneck ETF Trust (SMHX)

51 + Investors. Track Smart Money conviction in SMHX. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — SMHX

Based on 53 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added SMHX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

53 hedge funds hold SMHX right now — the highest count in 2.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +231% more funds vs a year ago

fund count last 6Q

+37 new funds entered over the past year (+231% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 60% buying

27 buying18 selling

Last quarter: 27 funds were net buyers (15 opened a brand new position + 12 added to an existing one). Only 18 were sellers (15 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter

Funds opening a new SMHX position: 11 → 19 → 9 → 15. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 60% entered in last year

■ 0% conviction (2yr+) ■ 40% medium ■ 60% new

Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💰

Value +94% but shares only +16% — price-driven

Value

+93%

+15%

Last quarter: the total dollar value of institutional holdings rose +94%, but actual share count only changed +16%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

📊

Peak discovery — momentum slowing

11 → 11 → 19 → 9 → 15 new funds/Q

New funds entering each quarter: 11 → 19 → 9 → 15. SMHX is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🌱

Early stage — 91% of holders entered in last year

■ 0% veterans ■ 9% 1-2yr ■ 91% new

Of 55 current holders: 50 (91%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

📋

Smaller funds dominant — 15% AUM from top-100

15% from top-100 AUM funds

8 of 51 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

6.0

out of 10

Moderate Exit Risk

Exit risk score 6.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	51	41	24.39%
13F Shares	1M	1M	15.82%
Total Value	$85M	$44M	93.61%
New Positions	15	9	+6
Increased Positions	11	13	-2
Closed Positions	3	9	-6
Reduced Positions	15	10	+5
Total Calls	2	0	100%
Total Puts	2	2	-
PUT/CALL Ratio	1.0	0.0	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

24.39%

13F Shares

15.82%

Total Value

$85M

$44M

93.61%

New Positions

Increased Positions

-2

Closed Positions

-6

Reduced Positions

Total Calls

100%

Total Puts

PUT/CALL Ratio

1.0

0.0

Neutral

Institutional Holders (2026 Q2)

51 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SMHX. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 SMHX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Black Swift Group, LLC	2.94%	318,447	$20.3M
2	Wbi Investments, LLC	1.79%	112,755	$7.2M
3	Millington Securities, LLC	1.01%	98,329	$3.7M
4	BXM Wealth LLC	0.64%	18,390	$1.2M
5	Echo45 Advisors LLC	0.56%	16,902	$1.1M
6	Provenance Wealth Advisors, LLC	0.20%	32,271	$2.1M
7	Concorde Asset Management, LLC	0.16%	4,433	$283K
8	Pennsylvania Capital Management Inc /Adv	0.13%	7,810	$499K
9	Center For Asset Management LLC	0.09%	3,182	$203K
10	Columbus Macro, LLC	0.07%	11,524	$736K
11	Maridea Wealth Management LLC	0.05%	6,840	$437K
12	Assetmark, Inc	0.04%	371,907	$23.8M
13	Quadrature Capital Ltd	0.03%	48,554	$3.1M
14	Western Wealth Management, LLC	0.03%	12,040	$769K
15	GRIMES & Co WEALTH MANAGEMENT, LLC	0.02%	12,890	$824K
16	Cape Investment Advisory, Inc.	0.01%	783	$50K
17	PFG Investments, LLC	0.01%	4,786	$306K
18	Gladstone Institutional Advisory LLC	0.01%	4,345	$278K
19	Kingdom Financial Group LLC.	0.01%	526	$34K
20	Apollon Wealth Management, LLC	0.00%	6,350	$406K
21	Advisory Services Network, LLC	0.00%	4,364	$279K
22	Rossby Financial, LCC	0.00%	227	$15K
23	Brookstone Capital Management	0.00%	3,884	$248K
24	Global Retirement Partners, LLC	0.00%	1,938	$124K
25	LPL Financial LLC	0.00%	118,337	$7.6M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Vaneck ETF Trust (SMHX)

What does the Smart Money Trend signal show for SMHX?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SMHX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for SMHX?

More buyers than sellers — 60% buying: Last quarter: 27 funds were net buyers (15 opened a brand new position + 12 added to an existing one). Only 18 were sellers (15 trimmed + 3 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SMHX holders?

Smaller funds dominant — 15% AUM from top-100: 8 of 51 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held SMHX?

Mostly new holders — 60% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Vaneck ETF Trust (SMHX)

Smart Money Signals — SMHX

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Fast accumulation — +231% more funds vs a year ago

More buyers than sellers — 60% buying

More new buyers each quarter (+6 vs last Q)

Mostly new holders — 60% entered in last year

Value +94% but shares only +16% — price-driven

Peak discovery — momentum slowing

Early stage — 91% of holders entered in last year

Smaller funds dominant — 15% AUM from top-100

Institutional Sentiment Summary — SMHX

Hedge Fund Ownership: SMHX

Market Analysis: SMHX

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SMHX

Hedge Fund Positioning: SMHX

Statistics: SMHX

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Vaneck ETF Trust (SMHX)

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