VanEck Pharmaceutical

PPH • NASDAQ

VanEck Pharmaceutical is an exchange-traded fund on NASDAQ. As of Q3 2025, 126 institutional investors hold shares in this ETF, with total holdings valued at $712.6M. GOLDMAN SACHS GROUP INC is the largest holder with a position valued at $171.4M.

Overview

Overview of institutional ownership in PPH as of Q3 2025

All Institutions

Institutions: 126
Value Held: $712.6M
Shares Held: 7.9M
Avg Position: $5.7M
Median Position: $446.5K

Hedge Funds

Hedge Funds: 8
Value Held: $18.7M
Shares Held: 206.6K
Avg Position: $2.3M
Median Position: $1.5M

Biggest Investors

Institutions with the largest positions in PPH as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$171.4M 0.02% of portfolio	1.9M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	-	$93.1M 0.17% of portfolio	1.0M shares	Q4 2022 Held for 2y 11m	$53.3B
CITIGROUP INC Institution	Jane Fraser CEO	$64.9M 0.04% of portfolio	718.2K shares	≤ Q2 2013 Held for 12y 5m+	$144.32B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$59.2M 0.00% of portfolio	655.6K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$45.2M 0.01% of portfolio	500.5K shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
C Clal Insurance Enterprises Holdings Ltd Institution	-	$29.4M 0.25% of portfolio	325.0K shares	Q2 2025 Held for 5 months	$11.7B
J.Safra Asset Management Corp Fund of Funds	Rafay Hassan Farooqui CEO	$25.8M 1.57% of portfolio	285.8K shares	Q1 2024 Held for 1y 8m	$1.6B
A Avalon Trust Co Institution	-	$24.9M 1.69% of portfolio	275.4K shares	Q1 2023 Held for 2y 8m	$1.5B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$23.2M 0.00% of portfolio	257.0K shares	Q4 2022 Held for 2y 11m	$1.56T
Miller Investment Management, LP RIA/Wealth	Henry Scott Miller Managing Partner	$16.4M 1.65% of portfolio	181.9K shares	Q4 2022 Held for 2y 11m	$993.5M

Net Capital Flow

Institutional buying and selling activity for PPH in Q3 2025

Traded: +$11.7M
Buyers: 58
Sellers: 63
Total Bought: +$169.7M
Total Sold: −$158.0M
Avg Position: $5.0M

Biggest Buyers

Institution	Net Bought	Current Position
CITIGROUP INC Institution	+$58.9M +652.2K shares	$64.9M 718.2K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	+$46.8M +518.0K shares	$93.1M 1.0M shares
Revere Asset Management, Inc RIA/Wealth	+$15.6M +173.0K shares	$15.6M 173.0K shares
MORGAN STANLEY RIA/Wealth	+$10.6M +117.2K shares	$59.2M 655.6K shares
WELLS FARGO & COMPANY/MN Institution	+$8.8M +97.5K shares	$45.2M 500.5K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	+$6.1M +67.0K shares	$6.1M 67.0K shares
Q Qube Research & Technologies Ltd Institution	+$5.4M +59.7K shares	$6.9M 75.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$3.0M +32.9K shares	$3.0M 32.9K shares
R ROYAL BANK OF CANADA Institution	+$2.7M +29.4K shares	$5.8M 64.6K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$2.3M +24.9K shares	$5.1M 56.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
GOLDMAN SACHS GROUP INC Institution	−$78.2M −865.8K shares	$171.4M 1.9M shares
J JANE STREET GROUP, LLC Institution	−$26.3M −299.4K shares	Sold Off 0 shares
Hamilton Wealth, LLC RIA/Wealth	−$11.7M −132.5K shares	Sold Off 0 shares
Verity & Verity, LLC RIA/Wealth	−$11.6M −131.3K shares	Sold Off 0 shares
UBS Group AG Institution	−$10.8M −120.0K shares	$3.9M 43.7K shares
ADAMSBROWN WEALTH CONSULTANTS LLC RIA/Wealth	−$5.3M −59.1K shares	$12.4M 136.9K shares
LEVEL FOUR ADVISORY SERVICES, LLC RIA/Wealth	−$2.0M −22.5K shares	$1.4M 15.0K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	−$1.8M −20.7K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$1.8M −19.7K shares	$3.1M 33.9K shares
T Tower Research Capital LLC Institution	−$1.2M −12.8K shares	$2.0M 21.8K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PPH in Q3 2025

New Positions: 7
New Value: $23.0M
Exited Positions: 16
Exited Value: $53.1M

New Positions

Institution	Position Value
Revere Asset Management, Inc RIA/Wealth	$15.6M 173.0K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$6.1M 67.0K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$677.7K 7.5K shares
X XTX Topco Ltd Institution	$396.8K 4.4K shares
R RMB Capital Management, LLC RIA/Wealth	$270.3K 3.0K shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager	$15.1K 167.0 shares
R Root Financial Partners, LLC RIA/Wealth	$1.8K 20.0 shares

Exited Positions

Institution	Previous Position
J JANE STREET GROUP, LLC Institution	$26.3M 299.4K shares
Hamilton Wealth, LLC RIA/Wealth	$11.7M 132.5K shares
Verity & Verity, LLC RIA/Wealth	$11.6M 131.3K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	$1.8M 20.7K shares
T TWO SIGMA SECURITIES, LLC Institution	$394.1K 4.5K shares
V Vontobel Holding Ltd. Institution	$334.2K 3.8K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$220.9K 2.5K shares
Elm3 Financial Group, LLC RIA/Wealth	$214.5K 2.4K shares
Beacon Pointe Advisors, LLC RIA/Wealth	$213.6K 2.4K shares
D DecisionPoint Financial, LLC RIA/Wealth	$88.4K 1.0K shares

Options Activity

Institutions with the largest Call and Put options positions in PPH as of Q3 2025

Call Positions: 5
Call Value: $3.6M
Put Positions: 10
Put Value: $40.3M

Call Positions

Institution	Position Value
Exome Asset Management LLC Hedge Fund•Sector	$2.7M 300.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$876.5K 97.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	- - contracts
J JANE STREET GROUP, LLC Institution	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$16.4M 1.8K contracts
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$14.9M 1.7K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.1M 339.0 contracts
BARCLAYS PLC Institution	$2.9M 320.0 contracts
S SIG BROKERAGE, LP Institution	$1.8M 195.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$750.0K 83.0 contracts
W WOLVERINE TRADING, LLC Institution	$427.9K 49.0 contracts
DeepCurrents Investment Group LLC Hedge Fund•Multi-Strategy	$135.5K 15.0 contracts
WELLS FARGO & COMPANY/MN Institution	- - contracts
S Squarepoint Ops LLC Hedge Fund•Quant	- - contracts

Most Committed Institutions

Institutions with PPH as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Revere Asset Management, Inc RIA/Wealth	Daniel Martin Stewart CEO	5.93% $15.6M	173.0K shares	Q3 2025 Held for 2 months	$263.4M
ADAMSBROWN WEALTH CONSULTANTS LLC RIA/Wealth	Justin Trent Mitchell Partner	3.41% $12.4M	136.9K shares	Q3 2024 Held for 1y 2m	$363.0M
A Avalon Trust Co Institution	-	1.69% $24.9M	275.4K shares	Q1 2023 Held for 2y 8m	$1.5B
Miller Investment Management, LP RIA/Wealth	Henry Scott Miller Managing Partner	1.65% $16.4M	181.9K shares	Q4 2022 Held for 2y 11m	$993.5M
J.Safra Asset Management Corp Fund of Funds	Rafay Hassan Farooqui CEO	1.57% $25.8M	285.8K shares	Q1 2024 Held for 1y 8m	$1.6B
A AAFMAA Wealth Management & Trust LLC Institution	-	1.43% $3.6M	40.0K shares	Q2 2024 Held for 1y 5m	$252.1M
WT Wealth Management RIA/Wealth	John Kenneth Heilner CIO	1.20% $4.1M	45.6K shares	Q1 2023 Held for 2y 8m	$344.9M
F Financial Freedom, LLC Institution	-	0.40% $810.4K	9.0K shares	Q1 2024 Held for 1y 8m	$200.8M
Aspen Grove Capital, LLC Family Office	Richard Jess Geisman CCO	0.40% $2.4M	26.0K shares	Q4 2022 Held for 2y 11m	$594.3M
Copia Wealth Management RIA/Wealth	Aaron Lee Boehm President	0.37% $482.3K	5.3K shares	Q4 2024 Held for 11 months	$128.7M