Vault-13

ABRDN ETFS BCI

BBRG ALL COMD K1 · ETP · CUSIP 003261104

176 institutional holders +22 vs Q3 2025
76,263,47976.3m shares reported held*
$1.5bnreported value*
37 new 64 added 43 reduced 25 sold out net bought ≈ $63.8m (+3.3m 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 ($4.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.53.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 123Q4 22: 126Q1 23: 109Q2 23: 109Q3 23: 105Q4 23: 124Q1 24: 122Q2 24: 122Q3 24: 120Q4 24: 140Q1 25: 147Q2 25: 148Q3 25: 154Q4 25: 176176Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022123
Q4 2022126
Q1 2023109
Q2 2023109
Q3 2023105
Q4 2023124
Q1 2024122
Q2 2024122
Q3 2024120
Q4 2024140
Q1 2025147
Q2 2025148
Q3 2025154
Q4 2025176

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 59 bought or addedQ1 24: 65 cut or sold outQ2 24: 51 bought or addedQ2 24: 57 cut or sold outQ2 24Q3 24: 58 bought or addedQ3 24: 48 cut or sold outQ4 24: 77 bought or addedQ4 24: 40 cut or sold outQ4 24Q1 25: 71 bought or addedQ1 25: 71 cut or sold outQ2 25: 71 bought or addedQ2 25: 73 cut or sold outQ2 25Q3 25: 83 bought or addedQ3 25: 62 cut or sold outQ4 25: 101 bought or addedQ4 25: 68 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245965
Q2 20245157
Q3 20245848
Q4 20247740
Q1 20257171
Q2 20257173
Q3 20258362
Q4 202510168

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ1 25 calls: $1.8mQ1 25 puts: $130.9kQ1 25P/C 0.07Q2 25 calls: $1.6mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $213.2kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$1.8m$130.9k0.07
Q2 2025$1.6m$00.00
Q3 2025$213.2k$00.00
Q4 2025$0$0—

Biggest buyers

iA Global Asset Management Inc. New +1,002,636+1.0m
WELLS FARGO & COMPANY/MN Added +626,914+626.9k
Bank of New York Mellon Corp New +355,949+355.9k
Graham Capital Management, L.P. New +350,000+350.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +342,199+342.2k
NEPC LLC Added +326,507+326.5k
PRINCIPAL FINANCIAL GROUP INC Added +262,190+262.2k
BANK OF AMERICA CORP /DE/ Added +157,587+157.6k
MCF Advisors LLC Added +153,290+153.3k
Yong Rong (HK) Asset Management Ltd New +150,000+150.0k

Biggest sellers

JANE STREET GROUP, LLC Sold out -825,366-825.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -587,790-587.8k
MACQUARIE GROUP LTD Sold out -142,654-142.7k
Empowered Funds, LLC Sold out -131,642-131.6k
PITCAIRN CO Sold out -127,501-127.5k
Penserra Capital Management LLC Reduced -103,371-103.4k
Financial & Tax Architects, LLC Reduced -72,051-72.1k
MASON STREET ADVISORS, LLC Reduced -61,930-61.9k
ROYAL BANK OF CANADA Reduced -58,239-58.2k
Crossmark Global Holdings, Inc. Sold out -44,615-44.6k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 24,810,88924.8m $484.6m $484.6m 0.09% Added +626.9k +626,914
2 Metis Global Partners, LLC 5.19% of their portfolio San Diego, CA 11,253,44311.3m $219.8m $219.8m 5.19% Added +115.3k +115,303
3 SEI INVESTMENTS CO 0.16% of their portfolio OAKS, PA 8,200,0368.2m $160.1m $160.1m 0.16% Reduced -18.2k -18,178
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,939,0712.9m $57.4m $57.4m 0.00% Added +157.6k +157,587
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 2,768,9712.8m $54.1m $54.1m 0.03% Added +342.2k +342,199
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,413,8742.4m $47.1m $47.1m 0.00% Added +83.0k +82,953
7 NEPC LLC 0.96% of their portfolio Boston, MA 2,308,3472.3m $45.1m $45.1m 0.96% Added +326.5k +326,507
8 Abundance Wealth Counselors 4.93% of their portfolio STATE COLLEGE, PA 1,494,9501.5m $29.2m $29.2m 4.93% Reduced -18.9k -18,921
9 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,493,7941.5m $29.2m $29.2m 0.01% Reduced -58.2k -58,239
10 MCF Advisors LLC 1.24% of their portfolio LEXINGTON, KY 1,146,1271.1m $22.4m $22.4m 1.24% Added +153.3k +153,290
11 iA Global Asset Management Inc. 0.25% of their portfolio QUEBEC, A8 1,002,6361.0m $19.6m $19.6m 0.25% New
12 Cresset Asset Management, LLC 0.08% of their portfolio Chicago, IL 970,573970.6k $19.0m $19.0m 0.08% Added +117.5k +117,507
13 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.61% of their portfolio BETHESDA, MD 938,100938.1k $18.3m $18.3m 0.61% Unchanged
14 Financial & Tax Architects, LLC 3.89% of their portfolio ST LOUIS, MO 887,215887.2k $17.3m $17.3m 3.89% Reduced -72.1k -72,051
15 Payne Capital Management, LLC 4.86% of their portfolio New York, NY 787,692787.7k $15.4m $15.4m 4.86% Added +46.6k +46,625
16 Penserra Capital Management LLC 0.15% of their portfolio ORINDA, CA 642,898642.9k $12.6m $12.6m 0.15% Reduced -103.4k -103,371
17 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 609,840609.8k $11.9m $11.9m 0.01% Added +262.2k +262,190
18 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 512,257512.3k $10.0m $10.0m 0.01% Added +7.2k +7,227
19 Disciplina Capital Management LLC 1.09% of their portfolio NASHVILLE, TN 488,815488.8k $9.5m $9.5m 1.09% Added +97.5k +97,496
20 Deeter Investments LLP 2.02% of their portfolio AUSTIN, TX 478,400478.4k $9.3m $9.3m 2.02% First filing
21 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 469,306469.3k $9.2m $9.2m 0.00% Added +101.4k +101,391
22 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 355,949355.9k $7.0m $7.0m 0.00% New
23 RS CRUM INC. 1.37% of their portfolio Newport Beach, CA 351,782351.8k $6.9m $6.9m 1.37% Added +20.0k +19,967
24 Graham Capital Management, L.P. 0.24% of their portfolio ROWAYTON, CT 350,000350.0k $6.8m $6.8m 0.24% New
25 MASON STREET ADVISORS, LLC 0.65% of their portfolio MILWAUKEE, WI 337,715337.7k $6.6m $6.6m 0.65% Reduced -61.9k -61,930
26 LEAVELL INVESTMENT MANAGEMENT, INC. 0.26% of their portfolio MOBILE, AL 322,264322.3k $6.3m $6.3m 0.26% Added +56.4k +56,386
27 Upper Left Wealth Management, LLC 3.78% of their portfolio TAMPA, FL 317,269317.3k $6.2m $6.2m 3.78% Added +15.4k +15,420
28 Beacon Pointe Advisors, LLC 0.04% of their portfolio NEWPORT BEACH, CA 306,093306.1k $6.0m $6.0m 0.04% Reduced -5.0k -5,028
29 Investment Research Partners LLC 2.57% of their portfolio LEMONT, PA 305,884305.9k $6.0m $6.0m 2.57% Added +9.0k +9,002
30 Blue Trust, Inc. 0.06% of their portfolio BRENTWOOD, TN 293,685293.7k $5.7m $5.7m 0.06% Added +20.2k +20,171
31 ALLSTREET CAPITAL ADVISORS LLC 4.06% of their portfolio LOS ANGELES, CA 287,347287.3k $5.6m $5.6m 4.06% First filing
32 KINTRA WEALTH, LLC 0.76% of their portfolio WILLIAMSPORT, PA 277,201277.2k $5.4m $5.4m 0.76% Added +209 +209
33 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 243,939243.9k $4.8m $4.8m 0.01% Reduced -2.1k -2,105
34 New York Life Investment Management LLC 0.04% of their portfolio New York, NY 241,299241.3k $4.7m $4.7m 0.04% Added +2.5k +2,472
35 Resonant Capital Advisors, LLC 0.24% of their portfolio Madison, WI 223,906223.9k $4.4m $4.4m 0.24% Reduced -10.7k -10,701
36 Independence Wealth Advisors, LLC 2.45% of their portfolio INDEPENDENCE, OH 223,184223.2k $4.4m $4.4m 2.45% First filing
37 Plan A Wealth LLC 1.94% of their portfolio LINCOLN, NE 202,564202.6k $4.0m $4.0m 1.94% Added +13.6k +13,563
38 SigFig Wealth Management, LLC 0.11% of their portfolio SAN FRANCISCO, CA 180,749180.7k $3.5m $3.5m 0.11% Reduced -10.0k -10,018
39 Apella Capital, LLC 0.07% of their portfolio WEST HARTFORD, CT 178,552178.6k $3.5m $3.5m 0.07% Reduced -16.6k -16,581
40 Pitcairn Wealth Advisors LLC 0.31% of their portfolio CONSHOHOCKEN, PA 175,776175.8k $3.4m $3.4m 0.31% First filing
41 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 174,950174.9k $3.4m $3.4m 0.00% Unchanged
42 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 163,422163.4k $3.2m $3.2m 0.00% Added +7.5k +7,492
43 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 152,298152.3k $3.0m $3.0m 0.00% First filing
44 Yong Rong (HK) Asset Management Ltd 0.89% of their portfolio SHEUNG WAN, K3 150,000150.0k $2.9m $2.9m 0.89% New
45 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 145,098145.1k $2.9m $2.9m 0.00% Reduced -3.5k -3,496
46 Aldebaran Capital, LLC 2.52% of their portfolio CARMEL, IN 144,053144.1k $2.8m $2.8m 2.52% Reduced -5.0k -5,022
47 Vestmark Advisory Solutions, Inc. 0.04% of their portfolio Wakefield, MA 143,899143.9k $2.8m $2.8m 0.04% New
48 ELEVATION POINT WEALTH PARTNERS, LLC 0.14% of their portfolio DENVER, CO 143,899143.9k $2.8m $2.8m 0.14% Added +68.6k +68,563
49 Avestar Capital, LLC 0.18% of their portfolio New York, NY 130,907130.9k $2.6m $2.6m 0.18% Reduced -26.3k -26,306
50 AMERICAN FINANCIAL & TAX STRATEGIES INC 1.23% of their portfolio NEW YORK, NY 125,922125.9k $2.5m $2.5m 1.23% Reduced -1.9k -1,873
51 INVESTED ADVISORS 2.42% of their portfolio STATE COLLEGE, PA 119,502119.5k $2.3m $2.3m 2.42% New
52 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 113,114113.1k $2.2m $2.2m 0.00% Added +101.7k +101,698
53 Vise Technologies, Inc. 0.04% of their portfolio NEW YORK, NY 111,891111.9k $2.2m $2.2m 0.04% Reduced -7.7k -7,650
54 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 94,26894.3k $1.8m $1.8m 0.00% New
55 Trek Financial, LLC 0.10% of their portfolio Scottsdale, AZ 92,59092.6k $1.8m $1.8m 0.10% New
56 Manske Wealth Management 0.52% of their portfolio HOUSTON, TX 89,33089.3k $1.7m $1.7m 0.52% Reduced -3.3k -3,303
57 Compass Financial Group, Inc. 0.75% of their portfolio DEERFIELD BEACH, FL 87,34987.3k $1.7m $1.7m 0.75% Reduced -463 -463
58 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 84,83484.8k $1.7m $1.7m 0.00% Reduced -18.8k -18,751
59 AlphaCore Capital LLC 0.04% of their portfolio LA JOLLA, CA 82,59982.6k $1.6m $1.6m 0.04% New
60 K2 Financial Inc. 1.26% of their portfolio GLENDORA, CA 81,44081.4k $1.6m $1.6m 1.26% Reduced -578 -578
61 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 72,80672.8k $1.4m $1.4m 0.00% Added +63.9k +63,908
62 Ramiah Investment Group 1.17% of their portfolio BROOKFIELD, WI 69,09469.1k $1.3m $1.3m 1.17% Added +4.2k +4,199
63 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 66,15166.2k $1.3m $1.3m 0.00% Added +858 +858
64 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 65,10265.1k $1.3m $1.3m 0.01% New
65 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 63,17363.2k $1.2m $1.2m 0.01% Reduced -20.7k -20,662
66 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 56,57656.6k $1.1m $1.1m 0.02% Added +9.4k +9,388
67 Dunhill Financial, LLC 0.27% of their portfolio LONDON, X0 55,90055.9k $1.1m $1.1m 0.27% New
68 Comprehensive Money Management Services LLC 0.75% of their portfolio CORAL GABLES, FL 55,67155.7k $1.1m $1.1m 0.75% Reduced -3.7k -3,705
69 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 54,09354.1k $1.1m $1.1m 0.00% Reduced -9.5k -9,525
70 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 53,48053.5k $1.0m $1.0m 0.01% Added +13.9k +13,877
71 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 53,46153.5k $1.0m $1.0m 0.01% Reduced -640 -640
72 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 51,79551.8k $1.0m $1.0m 0.00% Reduced -640 -640
73 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 51,08651.1k $997.7k $997.7k 0.01% Added +74 +74
74 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 49,86949.9k $974.0k $974.0k 0.00% Added +5.4k +5,389
75 Boston Standard Wealth Management, LLC 0.15% of their portfolio WINCHESTER, MA 46,61646.6k $910.4k $910.4k 0.15% Added +6.6k +6,569
76 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 46,45046.5k $907.0k $907.0k 0.00% Added +15.2k +15,167
77 Csenge Advisory Group 0.04% of their portfolio CLEARWATER, FL 44,17044.2k $862.6k $862.6k 0.04% Added +2.3k +2,286
78 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 44,16144.2k $862.5k $862.5k 0.02% Added +6.4k +6,379
79 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 43,05343.1k $840.8k $840.8k 0.00% Added +9.0k +9,012
80 COMERICA BANK 0.00% of their portfolio DALLAS, TX 36,53636.5k $713.6k $713.6k 0.00% Added +10.6k +10,606
81 Pekin Hardy Strauss, Inc. 0.06% of their portfolio CHICAGO, IL 34,78734.8k $679.4k $679.4k 0.06% New
82 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 32,92132.9k $642.6k $642.6k 0.00% Unchanged
83 LEUTHOLD GROUP, LLC 0.07% of their portfolio MINNEAPOLIS, MN 32,84132.8k $641.4k $641.4k 0.07% Reduced -3.7k -3,749
84 Walkner Condon Financial Advisors LLC 0.09% of their portfolio MADISON, WI 31,78331.8k $625.5k $625.5k 0.09% Added +1.3k +1,270
85 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 30,05830.1k $587.0k $587.0k 0.00% New
86 HOLLENCREST CAPITAL MANAGEMENT 0.02% of their portfolio NEWPORT BEACH, CA 29,62029.6k $578.5k $578.5k 0.02% Added +4.2k +4,165
87 National Philanthropic Trust 0.01% of their portfolio Jenkintown, PA 29,62029.6k $578.5k $578.5k 0.01% Added +4.2k +4,165
88 Mariner, LLC 0.00% of their portfolio Overland Park, KS 29,61329.6k $579.2k $579.2k 0.00% Reduced -27 -27
89 Bruce G. Allen Investments, LLC 0.39% of their portfolio DENVER, CO 29,60929.6k $578.3k $578.3k 0.39% Added +3.5k +3,484
90 Austin Asset Management Co Inc 0.09% of their portfolio AUSTIN, TX 28,94528.9k $565.3k $565.3k 0.09% Reduced -2.5k -2,488
91 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 0.09% of their portfolio BETHLEHEM, PA 28,71128.7k $560.7k $560.7k 0.09% Added +1.3k +1,298
92 EXENCIAL WEALTH ADVISORS, LLC 0.02% of their portfolio OKLAHOMA CITY, OK 28,23928.2k $551.5k $551.5k 0.02% Reduced -2.5k -2,545
93 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 26,19826.2k $511.4k $511.4k 0.00% New
94 Sovran Advisors, LLC 0.04% of their portfolio SAN DIEGO, CA 25,81025.8k $523.4k $523.4k 0.04% Added +16.1k +16,087
95 WHITTIER TRUST CO OF NEVADA INC 0.01% of their portfolio RENO, NV 24,70624.7k $496.6k $496.6k 0.01% Added +22.6k +22,575
96 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 24,57924.6k $480.0k $480.0k 0.00% Added +3.5k +3,464
97 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 24,34924.3k $475.5k $475.5k 0.01% Reduced -652 -652
98 UBS Group AG 0.00% of their portfolio ZURICH, V8 24,29624.3k $474.5k $474.5k 0.00% Added +17.4k +17,384
99 Ameritas Advisory Services, LLC 0.02% of their portfolio Lincoln, NE 24,00724.0k $468.9k $468.9k 0.02% New
100 Hopwood Nicholas Hunter 0.15% of their portfolio PLYMOUTH, MI 23,83223.8k $465.4k $465.4k 0.15% First filing