Vault-13

ALPS ETF TR BFOR

BARRONS 400 ETF · ETP · CUSIP 00162Q726

39 institutional holders +1 vs Q1 2025
570,798570.8k shares reported held*
$44.0mreported value*
3 new 7 added 11 reduced 2 sold out net bought ≈ $3.6m (+47.0k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $77.11. Options: 1 managers hold calls ($485.2k notional), 2 hold puts ($608.4k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 27Q4 22: 31Q1 23: 25Q2 23: 28Q3 23: 30Q4 23: 33Q1 24: 36Q2 24: 33Q3 24: 38Q4 24: 44Q1 25: 38Q2 25: 3939Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202227
Q4 202231
Q1 202325
Q2 202328
Q3 202330
Q4 202333
Q1 202436
Q2 202433
Q3 202438
Q4 202444
Q1 202538
Q2 202539

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q3 23: 13 bought or addedQ3 23: 8 cut or sold outQ4 23: 12 bought or addedQ4 23: 10 cut or sold outQ4 23Q1 24: 11 bought or addedQ1 24: 8 cut or sold outQ2 24: 9 bought or addedQ2 24: 9 cut or sold outQ2 24Q3 24: 17 bought or addedQ3 24: 8 cut or sold outQ4 24: 16 bought or addedQ4 24: 6 cut or sold outQ4 24Q1 25: 8 bought or addedQ1 25: 19 cut or sold outQ2 25: 10 bought or addedQ2 25: 13 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023138
Q4 20231210
Q1 2024118
Q2 202499
Q3 2024178
Q4 2024166
Q1 2025819
Q2 20251013

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600k$800kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $236.1kQ1 25 puts: $284.7kQ1 25P/C 1.21Q2 25 calls: $485.2kQ2 25 puts: $608.4kQ2 25P/C 1.25
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$236.1k$284.7k1.21
Q2 2025$485.2k$608.4k1.25

Biggest buyers

Trilogy Capital Inc. New +35,420+35.4k
GTS SECURITIES LLC Added +7,803+7.8k
BANK OF AMERICA CORP /DE/ Added +4,530+4.5k
WOLVERINE TRADING, LLC New +4,069+4.1k
JONES FINANCIAL COMPANIES LLLP Added +3,427+3.4k
RAYMOND JAMES FINANCIAL INC New +2,055+2.1k
IFP Advisors, Inc Added +930+930
Alteri Wealth LLC Added +864+864
MORGAN STANLEY Added +617+617
ROYAL BANK OF CANADA Added +560+560

Biggest sellers

UBS Group AG Reduced -6,761-6.8k
Sanctuary Advisors, LLC Reduced -2,022-2.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,998-2.0k
Texas Yale Capital Corp. Reduced -565-565
RMR Capital Management, LLC Reduced -437-437
OSAIC HOLDINGS, INC. Reduced -415-415
CIBC Private Wealth Group LLC Reduced -350-350
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Sold out -259-259
HUNTINGTON NATIONAL BANK Reduced -200-200
NewEdge Advisors, LLC Reduced -175-175

Biggest calls

Belvedere Trading LLC Added $485.2k6.3k shares

Biggest puts

BANK OF AMERICA CORP /DE/ Added $385.0k5.0k shares
Belvedere Trading LLC Added $223.3k2.9k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 283,665283.7k $21.8m $21.8m 0.00% Added +617 +617
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 43,74943.7k $3.4m $3.4m 0.00% Added +4.5k +4,530
3 Trilogy Capital Inc. 0.13% of their portfolio IRVINE, CA 35,42035.4k $2.7m $2.7m 0.13% New
4 GTS SECURITIES LLC 0.10% of their portfolio NEW YORK, NY 28,96029.0k $2.2m $2.2m 0.10% Added +7.8k +7,803
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 15,77115.8k $1.2m $1.2m 0.00% Reduced -6.8k -6,761
6 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 12,90312.9k $993.7k $993.7k 0.01% Reduced -2.0k -2,022
7 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 12,55212.6k $966.6k $966.6k 0.00% Reduced -129 -129
8 Veltria Advisors Corp. 0.59% of their portfolio MIAMI, FL 11,48011.5k $884.1k $884.1k 0.59% Unchanged
9 RMR Capital Management, LLC 0.62% of their portfolio Tustin, CA 11,32511.3k $872.1k $872.1k 0.62% Reduced -437 -437
10 Alteri Wealth LLC 0.33% of their portfolio WESTLAKE VILLAGE, CA 11,10011.1k $854.8k $854.8k 0.33% Added +864 +864
11 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 10,11910.1k $779.2k $779.2k 0.00% Reduced -415 -415
12 BANTAMAC CAPITAL, LLC 0.28% of their portfolio CHICAGO, IL 10,00010.0k $770.1k $770.1k 0.28% Unchanged
13 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 9,4599.5k $725.7k $725.7k 0.00% Added +3.4k +3,427
14 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 9,2759.3k $714.3k $714.3k 0.01% Unchanged
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 8,9979.0k $692.9k $692.9k 0.00% Reduced -86 -86
16 Texas Yale Capital Corp. 0.01% of their portfolio ST. PETERSBURG, FL 5,7705.8k $444.3k $444.3k 0.01% Reduced -565 -565
17 FMR LLC 0.00% of their portfolio BOSTON, MA 5,3315.3k $410.5k $410.5k 0.00% Unchanged
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,1205.1k $394.0k $394.0k 0.00% Added +560 +560
19 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 4,4144.4k $339.9k $339.9k 0.00% Unchanged
20 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 4,1804.2k $321.9k $321.9k 0.01% Added +930 +930
21 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 4,0694.1k $312.2k $312.2k 0.01% New
22 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 4,0694.1k $313.4k $313.4k 0.00% Reduced -2.0k -1,998
23 CWA Asset Management Group, LLC 0.01% of their portfolio NAPLES, FL 3,5003.5k $269.5k $269.5k 0.01% Unchanged
24 Asset Dedication, LLC 0.02% of their portfolio SAN FRANCISCO, CA 3,2363.2k $249.2k $249.2k 0.02% Unchanged
25 Sensible Money, LLC 0.09% of their portfolio SCOTTSDALE, AZ 3,2363.2k $249.2k $249.2k 0.09% Unchanged
26 Huntleigh Advisors, Inc. 0.05% of their portfolio ST. LOUIS, MO 3,1973.2k $246.2k $246.2k 0.05% Unchanged
27 Orange Investment Advisors, Inc. 0.03% of their portfolio GOSHEN, NY 3,0003.0k $231.0k $231.0k 0.03% Unchanged
28 RVW Wealth, LLC 0.02% of their portfolio LOS ANGELES, CA 2,8992.9k $223.3k $223.3k 0.02% Unchanged
29 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 2,0552.1k $158.3k $158.3k 0.00% New
30 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,0001.0k $77.0k $77.0k 0.00% Reduced -175 -175
31 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 800800 $61.6k $61.6k 0.00% Reduced -200 -200
32 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 300300 $23.1k $23.1k 0.00% Reduced -350 -350
33 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 200200 $15.4k $15.4k 0.00% Unchanged
34 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 151151 $11.6k $11.6k 0.00% Unchanged
35 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 128128 $9.8k $9.8k 0.00% Unchanged
36 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 9696 $7.4k $7.4k 0.00% Unchanged
37 High Note Wealth, LLC 0.00% of their portfolio DEEPHAVEN, MN 4040 $3.1k $3.1k 0.00% Unchanged
38 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3232 $2.5k $2.5k 0.00% Unchanged
39 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged