Jefferies Group's SMH Position Overview
Jefferies Group (via Jefferies Financial Group Inc.) currently holds 9,732 shares of VanEck Semiconductor ETF (SMH) worth $3.5 M, representing 0.02% of the portfolio. First purchased in 2022-Q4, this medium-term investment has been held for 13 quarters.
Based on 13F filings, Jefferies Group has maintained a strategic position in SMH, demonstrating sustained confidence in this investment. Largest addition occurred in Q2 2024, adding 7,990 shares. Largest reduction occurred in Q4 2025, reducing 13,307 shares.
Analysis based on 13F filings available since 2013 Q2
Jefferies Group's VanEck Semiconductor ETF (SMH) Holding Value Over Time
Track share changes against reported price movement
Quarterly VanEck Semiconductor ETF (SMH) Trades by Jefferies Group
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -13,307 | Reduce 57.76% | 9,732 | $360.13 |
| Q3 2025 | +4,649 | Add 25.28% | 23,039 | $326.36 |
| Q2 2025 | +3,289 | Add 21.78% | 18,390 | $278.88 |
| Q1 2025 | -1,895 | Reduce 11.15% | 15,101 | $211.46 |
| Q4 2024 | +924 | Add 5.75% | 16,996 | $242.16 |
| Q3 2024 | -1,139 | Reduce 6.62% | 16,072 | $245.44 |
| Q2 2024 | +7,990 | Add 86.65% | 17,211 | $260.69 |
| Q1 2024 | +2,500 | Add 37.20% | 9,221 | $224.98 |
| Q4 2023 | +2,739 | Add 68.78% | 6,721 | $174.86 |
| Q3 2023 | +376 | Add 10.43% | 3,982 | $144.98 |
| Q2 2023 | +3,606 | New Buy | 3,606 | $152.25 |
| Q1 2023 | -4,675 | Sold Out | 0 | $0.00 |
| Q4 2022 | +4,675 | New Buy | 4,675 | $202.94 |
Jefferies Group's VanEck Semiconductor ETF Investment FAQs
Jefferies Group first purchased VanEck Semiconductor ETF (SMH) in Q4 2022, acquiring 4,675 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Jefferies Group has held VanEck Semiconductor ETF (SMH) for 13 quarters since Q4 2022.
Jefferies Group's largest addition to VanEck Semiconductor ETF (SMH) was in Q2 2024, adding 17,211 shares worth $4.49 M.
According to the latest 13F filing for Q4 2025, Jefferies Group's firm, Jefferies Financial Group Inc., owns 9,732 shares of VanEck Semiconductor ETF (SMH), valued at approximately $3.5 M.
As of the Q4 2025 filing, VanEck Semiconductor ETF (SMH) represents approximately 0.02% of Jefferies Group's publicly disclosed stock portfolio, making it one of their key holdings.
Jefferies Group's peak holding in VanEck Semiconductor ETF (SMH) was 23,039 shares, as reported at the end of Q3 2025.