AGAVE CAPITAL MANAGEMENT Ltd: VANECK ETF TRUST (SMH): Quarterly 13F Position History
As of Q1 2026, AGAVE CAPITAL MANAGEMENT Ltd reported 62,958 shares of VANECK ETF TRUST (SMH), worth $23.4M and representing 3.8% of its 13F equity book. Quarter-over-quarter share count change: 5,991 (-8.7%) . The position first appeared in Q4 2025 and has been disclosed across 2 13F-HR filings in Pactolio's tracked window.
- 62,958Shares Held (Latest Filing)
- $23.4MReported Market Value (Latest Filing)
- 3.8%Portfolio Weight (% of 13F Equity Book)
- 5,991Quarter-over-Quarter Share Change
- -$1.6MQuarter-over-Quarter Value Change
- 68,949Peak Reported Shares (Historical)
Recent initiation: AGAVE CAPITAL MANAGEMENT Ltd first reported SMH on the Q4 2025 filing — fewer than three quarters of history are available.
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 2 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 62,958 | 5,991 | -8.7% | $23.4M | 3.8% | $371.0 |
| Q4 2025 | 68,949 | — | — | $25.0M | 4.2% | $362.6 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did AGAVE CAPITAL MANAGEMENT Ltd first disclose a SMH position in 13F-HR filings?
AGAVE CAPITAL MANAGEMENT Ltd first reported VANECK ETF TRUST (SMH) on its 13F-HR filing for the period ending 2025-12-31 (Q4 2025). The position has appeared on 2 reported quarters within Pactolio's tracked window.
What was AGAVE CAPITAL MANAGEMENT Ltd's most recent quarter-over-quarter share-count change in SMH?
Between Q4 2025 and Q1 2026, AGAVE CAPITAL MANAGEMENT Ltd reduced its SMH position by 5,991 shares (-8.7%), leaving 62,958 shares at a market value of $23.4M.
Does the implied price-per-share represent AGAVE CAPITAL MANAGEMENT Ltd's cost basis in SMH?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.