Mirae Asset Securities (Usa) 13F: Cuts SMH Stake by $46M

Mirae Asset Securities (Usa) scaled back its investment in VanEck Semiconductor ETF (SMH NasdaqGM), trimming its position by 50.1% during the quarter. The adjustment was revealed in a Form 13F regulatory filing with the SEC on October 15, 2026. Keep in mind that 13F filings look backward at holdings from the end of the quarter and might not reflect the fund's current positioning today.

Inside Mirae Asset Securities (Usa)'s SMH Trade

During the period, Mirae Asset disposed of 75,354 shares of the semiconductor fund. That left the firm holding 75,148 shares, down from its earlier count of 150,502 shares. The remaining stake carried a reported value of about $45.8 million at the time of the report. This move follows other recent portfolio adjustments by the firm, which also exited positions in companies like eBay and Honeywell International during the same filing cycle.

VanEck Semiconductor ETF Stock Down 3.9%

Shares of the fund recently traded around $542.88 as of October 16, 2026. The stock sits roughly 6.3% below its 50-day moving average of $579.66 and about 6.4% above its 200-day moving average of $510.46. The price is positioned roughly 19.2% below its 52-week high of $671.83 and well above its 52-week low of $315.05. The fund carries a price-to-earnings ratio of 29.86.

Dividend

VanEck Semiconductor ETF pays an annual dividend yielding 0.18% based on recent figures.

About VanEck Semiconductor ETF

VanEck Semiconductor ETF is an exchange-traded fund designed to track the performance of companies in the semiconductor industry. It invests the bulk of its assets in common stocks and depositary receipts of U.S.-listed chip makers and related businesses, offering targeted exposure to this specific technology sector.

Bottom Line

Investors tracking institutional momentum should note that 13F reports capture past snapshots rather than real-time trades. Future filings will show whether Mirae Asset continues to pare back its exposure or stabilizes its remaining stake in the fund. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.