Vault-13

ABRDN ETFS BCI

BBRG ALL COMD K1 · ETP · CUSIP 003261104

208 institutional holders +32 vs Q4 2025
86,445,75486.4m shares reported held*
$2.1bnreported value*
52 new 90 added 39 reduced 20 sold out net bought ≈ $256.2m (+10.6m 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 ($5.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.26. Options: 2 managers hold calls ($11.8m notional), 0 hold puts (—).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 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: 176Q1 26: 208208Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026208

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 51 bought or addedQ2 24: 57 cut or sold outQ3 24: 58 bought or addedQ3 24: 48 cut or sold outQ3 24Q4 24: 77 bought or addedQ4 24: 40 cut or sold outQ1 25: 71 bought or addedQ1 25: 71 cut or sold outQ1 25Q2 25: 71 bought or addedQ2 25: 73 cut or sold outQ3 25: 83 bought or addedQ3 25: 62 cut or sold outQ3 25Q4 25: 101 bought or addedQ4 25: 68 cut or sold outQ1 26: 142 bought or addedQ1 26: 59 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20245157
Q3 20245848
Q4 20247740
Q1 20257171
Q2 20257173
Q3 20258362
Q4 202510168
Q1 202614259

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ2 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 —Q1 26 calls: $11.8mQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$1.6m$00.00
Q3 2025$213.2k$00.00
Q4 2025$0$0—
Q1 2026$11.8m$00.00

Biggest buyers

SEI INVESTMENTS CO Added +2,512,645+2.5m
Metis Global Partners, LLC Added +1,042,325+1.0m
BANK OF AMERICA CORP /DE/ Added +902,981+903.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +802,983+803.0k
PRINCIPAL FINANCIAL GROUP INC Added +539,500+539.5k
Bangor Savings Bank Added +431,550+431.6k
RETIREMENT FINANCIAL SOLUTIONS, LLC Added +431,440+431.4k
ARMSTRONG ADVISORY GROUP, INC New +396,127+396.1k
Chandler Asset Management, Inc. New +377,280+377.3k
Savvy Advisors, Inc. New +372,088+372.1k

Biggest sellers

Penserra Capital Management LLC Sold out -642,898-642.9k
iA Global Asset Management Inc. Reduced -496,688-496.7k
WELLS FARGO & COMPANY/MN Reduced -374,205-374.2k
Bank of New York Mellon Corp Sold out -355,949-355.9k
Graham Capital Management, L.P. Sold out -350,000-350.0k
Yong Rong (HK) Asset Management Ltd Sold out -150,000-150.0k
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. Reduced -97,205-97.2k
MORGAN STANLEY Reduced -69,201-69.2k
Quadrature Capital Ltd Sold out -65,102-65.1k
Apella Capital, LLC Reduced -45,703-45.7k

Biggest calls

CITADEL ADVISORS LLC New $11.6m477.6k shares
GROUP ONE TRADING LLC New $155.5k6.4k shares

Biggest puts

None

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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WELLS FARGO & COMPANY/MN 0.12% of their portfolio SAN FRANCISCO, CA 24,436,68424.4m $593.6m $593.6m 0.12% Reduced -374.2k -374,205
2 Metis Global Partners, LLC 7.33% of their portfolio San Diego, CA 12,295,76812.3m $298.7m $298.7m 7.33% Added +1.0m +1,042,325
3 SEI INVESTMENTS CO 0.24% of their portfolio OAKS, PA 10,712,68110.7m $260.2m $260.2m 0.24% Added +2.5m +2,512,645
4 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,842,0523.8m $93.3m $93.3m 0.01% Added +903.0k +902,981
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 3,571,9543.6m $86.8m $86.8m 0.05% Added +803.0k +802,983
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,344,6732.3m $57.0m $57.0m 0.00% Reduced -69.2k -69,201
7 NEPC LLC 1.12% of their portfolio Boston, MA 2,308,4382.3m $56.1m $56.1m 1.12% Added +91 +91
8 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,614,7731.6m $39.2m $39.2m 0.01% Added +121.0k +120,979
9 Abundance Wealth Counselors 5.55% of their portfolio STATE COLLEGE, PA 1,591,6261.6m $38.7m $38.7m 5.55% Added +96.7k +96,676
10 Cresset Asset Management, LLC 0.14% of their portfolio Chicago, IL 1,286,8801.3m $31.3m $31.3m 0.14% Added +316.3k +316,307
11 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 1,149,3401.1m $27.9m $27.9m 0.01% Added +539.5k +539,500
12 MCF Advisors LLC 1.21% of their portfolio LEXINGTON, KY 1,139,1051.1m $27.7m $27.7m 1.21% Reduced -7.0k -7,022
13 Financial & Tax Architects, LLC 5.10% of their portfolio ST LOUIS, MO 942,286942.3k $22.9m $22.9m 5.10% Added +55.1k +55,071
14 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.83% of their portfolio BETHESDA, MD 938,100938.1k $22.8m $22.8m 0.83% Unchanged
15 Payne Capital Management, LLC 6.74% of their portfolio New York, NY 916,191916.2k $22.3m $22.3m 6.74% Added +128.5k +128,499
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 577,116577.1k $14.0m $14.0m 0.00% Added +107.8k +107,810
17 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 565,279565.3k $13.7m $13.7m 0.01% Added +53.0k +53,022
18 iA Global Asset Management Inc. 0.17% of their portfolio QUEBEC, A8 505,948505.9k $12.3m $12.3m 0.17% Reduced -496.7k -496,688
19 Disciplina Capital Management LLC 1.22% of their portfolio NASHVILLE, TN 472,092472.1k $11.5m $11.5m 1.22% Reduced -16.7k -16,723
20 RETIREMENT FINANCIAL SOLUTIONS, LLC 3.12% of their portfolio KNOXVILLE, TN 448,803448.8k $10.9m $10.9m 3.12% Added +431.4k +431,440
21 Bangor Savings Bank 0.84% of their portfolio BANGOR, ME 433,830433.8k $10.5m $10.5m 0.84% Added +431.6k +431,550
22 ARMSTRONG ADVISORY GROUP, INC 0.65% of their portfolio NEEDHAM, MA 396,127396.1k $9.6m $9.6m 0.65% New
23 RS CRUM INC. 1.86% of their portfolio Newport Beach, CA 395,122395.1k $9.6m $9.6m 1.86% Added +43.3k +43,340
24 Beacon Pointe Advisors, LLC 0.05% of their portfolio NEWPORT BEACH, CA 380,458380.5k $9.2m $9.2m 0.05% Added +74.4k +74,365
25 Chandler Asset Management, Inc. 1.39% of their portfolio SAN DIEGO, CA 377,280377.3k $9.2m $9.2m 1.39% New
26 Savvy Advisors, Inc. 0.24% of their portfolio NEW YORK, NY 372,088372.1k $9.0m $9.0m 0.24% New
27 Upper Left Wealth Management, LLC 5.30% of their portfolio TAMPA, FL 369,853369.9k $9.0m $9.0m 5.30% Added +52.6k +52,584
28 Empowered Funds, LLC 0.06% of their portfolio NEWTOWN SQUARE, PA 367,471367.5k $8.9m $8.9m 0.06% New
29 MASON STREET ADVISORS, LLC 0.85% of their portfolio MILWAUKEE, WI 356,335356.3k $8.7m $8.7m 0.85% Added +18.6k +18,620
30 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 338,914338.9k $8.2m $8.2m 0.00% Added +175.5k +175,492
31 TSG Advice Partners, LLC 1.22% of their portfolio COLUMBUS, OH 336,363336.4k $8.2m $8.2m 1.22% New
32 Investment Research Partners LLC 3.28% of their portfolio LEMONT, PA 332,230332.2k $8.1m $8.1m 3.28% Added +26.3k +26,346
33 LEAVELL INVESTMENT MANAGEMENT, INC. 0.32% of their portfolio MOBILE, AL 325,818325.8k $7.9m $7.9m 0.32% Added +3.6k +3,554
34 LTS Liquid Investments LLC 7.27% of their portfolio Nassau, C5 320,000320.0k $7.8m $7.8m 7.27% New
35 KINTRA WEALTH, LLC 0.54% of their portfolio WILLIAMSPORT, PA 316,511316.5k $7.7m $7.7m 0.54% Added +39.3k +39,310
36 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 313,392313.4k $7.6m $7.6m 0.01% Added +69.5k +69,453
37 Avestar Capital, LLC 0.52% of their portfolio New York, NY 312,810312.8k $7.6m $7.6m 0.52% Added +181.9k +181,903
38 Blue Trust, Inc. 0.08% of their portfolio BRENTWOOD, TN 303,239303.2k $7.4m $7.4m 0.08% Added +9.6k +9,554
39 ALLSTREET CAPITAL ADVISORS LLC 5.11% of their portfolio LOS ANGELES, CA 284,443284.4k $6.9m $6.9m 5.11% Reduced -2.9k -2,904
40 Foguth Wealth Management, LLC. 0.81% of their portfolio BRIGHTON, MI 283,104283.1k $6.9m $6.9m 0.81% New
41 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 268,730268.7k $5.2m $5.2m 0.00% Added +93.8k +93,780
42 S. R. Schill & Associates 4.23% of their portfolio MERCER ISLAND, WA 257,512257.5k $6.3m $6.3m 4.23% New
43 New York Life Investment Management LLC 0.05% of their portfolio New York, NY 230,843230.8k $5.6m $5.6m 0.05% Reduced -10.5k -10,456
44 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 225,727225.7k $5.5m $5.5m 0.01% Added +112.6k +112,613
45 Plan A Wealth LLC 2.49% of their portfolio LINCOLN, NE 214,064214.1k $5.2m $5.2m 2.49% Added +11.5k +11,500
46 Resonant Capital Advisors, LLC 0.27% of their portfolio Madison, WI 208,810208.8k $5.1m $5.1m 0.27% Reduced -15.1k -15,096
47 Independence Wealth Advisors, LLC 2.65% of their portfolio INDEPENDENCE, OH 204,596204.6k $5.0m $5.0m 2.65% Reduced -18.6k -18,588
48 Sollinda Capital Management LLC 1.18% of their portfolio HICKORY, NC 199,221199.2k $4.8m $4.8m 1.18% New
49 Clear Creek Financial Management, LLC 0.34% of their portfolio SILVERDALE, WA 183,579183.6k $4.5m $4.5m 0.34% New
50 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 180,432180.4k $4.4m $4.4m 0.02% Added +150.4k +150,374
51 Pitcairn Wealth Advisors LLC 0.32% of their portfolio CONSHOHOCKEN, PA 175,776175.8k $3.4m $3.4m 0.32% Unchanged
52 ELEVATION POINT WEALTH PARTNERS, LLC 0.10% of their portfolio DENVER, CO 168,919168.9k $4.1m $4.1m 0.10% Added +25.0k +25,020
53 Wall Street Financial Group, Inc. 2.31% of their portfolio CARLINVILLE, IL 160,941160.9k $3.9m $3.9m 2.31% New
54 Versant Capital Management, Inc 0.38% of their portfolio PHOENIX, AZ 158,262158.3k $3.8m $3.8m 0.38% Added +158.2k +158,242
55 SigFig Wealth Management, LLC 0.11% of their portfolio SAN FRANCISCO, CA 155,536155.5k $3.8m $3.8m 0.11% Reduced -25.2k -25,213
56 Vestmark Advisory Solutions, Inc. 0.04% of their portfolio Wakefield, MA 151,823151.8k $3.7m $3.7m 0.04% Added +7.9k +7,924
57 Aldebaran Capital, LLC 2.66% of their portfolio CARMEL, IN 143,384143.4k $3.5m $3.5m 2.66% Reduced -669 -669
58 AlphaCore Capital LLC 0.08% of their portfolio LA JOLLA, CA 143,054143.1k $3.5m $3.5m 0.08% Added +60.5k +60,455
59 Apella Capital, LLC 0.05% of their portfolio WEST HARTFORD, CT 132,849132.8k $3.1m $3.1m 0.05% Reduced -45.7k -45,703
60 Accordant Advisory Group Inc 1.96% of their portfolio ANNAPOLIS, MD 130,289130.3k $3.2m $3.2m 1.96% New
61 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 123,239123.2k $3.0m $3.0m 0.01% New
62 AMERICAN FINANCIAL & TAX STRATEGIES INC 1.43% of their portfolio NEW YORK, NY 121,434121.4k $2.9m $2.9m 1.43% Reduced -4.5k -4,488
63 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 120,569120.6k $3.0m $3.0m 0.01% Reduced -24.5k -24,529
64 INVESTED ADVISORS 2.94% of their portfolio STATE COLLEGE, PA 120,010120.0k $2.9m $2.9m 2.94% Added +508 +508
65 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 114,819114.8k $2.8m $2.8m 0.00% Added +30.0k +29,985
66 Vise Technologies, Inc. 0.04% of their portfolio NEW YORK, NY 111,891111.9k $2.2m $2.2m 0.04% Unchanged
67 LEVEL FOUR ADVISORY SERVICES, LLC 0.09% of their portfolio DALLAS, TX 111,831111.8k $2.7m $2.7m 0.09% New
68 Avail Investment Partners, LLC 2.84% of their portfolio LEMONT, PA 109,531109.5k $2.7m $2.7m 2.84% First filing
69 Trek Financial, LLC 0.14% of their portfolio Scottsdale, AZ 109,419109.4k $2.7m $2.7m 0.14% Added +16.8k +16,829
70 K2 Financial Inc. 1.85% of their portfolio GLENDORA, CA 104,664104.7k $2.5m $2.5m 1.85% Added +23.2k +23,224
71 Manske Wealth Management 0.67% of their portfolio HOUSTON, TX 98,75898.8k $2.4m $2.4m 0.67% Added +9.4k +9,428
72 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 95,31495.3k $2.3m $2.3m 0.00% New
73 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 93,31493.3k $2.3m $2.3m 0.00% Reduced -954 -954
74 Compass Financial Group, Inc. 0.96% of their portfolio DEERFIELD BEACH, FL 87,31187.3k $2.1m $2.1m 0.96% Reduced -38 -38
75 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 85,38885.4k $2.1m $2.1m 0.01% New
76 Ramiah Investment Group 1.61% of their portfolio BROOKFIELD, WI 75,75475.8k $1.8m $1.8m 1.61% Added +6.7k +6,660
77 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 73,83473.8k $1.8m $1.8m 0.01% Added +22.0k +22,039
78 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 65,42265.4k $1.6m $1.6m 0.01% Added +2.2k +2,249
79 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 64,85064.8k $1.6m $1.6m 0.00% Added +18.4k +18,400
80 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 64,50664.5k $1.6m $1.6m 0.00% Reduced -1.6k -1,645
81 UBS Group AG 0.00% of their portfolio ZURICH, V8 63,81663.8k $1.6m $1.6m 0.00% Added +39.5k +39,520
82 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 63,11163.1k $1.5m $1.5m 0.01% Added +9.7k +9,650
83 Csenge Advisory Group 0.07% of their portfolio CLEARWATER, FL 62,12262.1k $1.5m $1.5m 0.07% Added +18.0k +17,952
84 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 61,40061.4k $1.5m $1.5m 0.00% Added +11.5k +11,531
85 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 57,99958.0k $1.4m $1.4m 0.01% Added +4.5k +4,519
86 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 57,74757.7k $1.4m $1.4m 0.00% Added +14.7k +14,694
87 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 56,34756.3k $1.4m $1.4m 0.00% Added +32.9k +32,883
88 Comprehensive Money Management Services LLC 0.88% of their portfolio CORAL GABLES, FL 55,28155.3k $1.3m $1.3m 0.88% Reduced -390 -390
89 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 55,09355.1k $1.3m $1.3m 0.00% Reduced -97.2k -97,205
90 Heritage Family Offices, LLP 0.56% of their portfolio SCOTTSDALE, AZ 52,18852.2k $1.3m $1.3m 0.56% New
91 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 51,95352.0k $1.3m $1.3m 0.02% Reduced -4.6k -4,623
92 Fullerton Fund Management Co Ltd. 0.10% of their portfolio SINGAPORE, U0 51,48451.5k $1.3m $1.3m 0.10% New
93 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 51,15751.2k $1.2m $1.2m 0.01% Added +71 +71
94 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 49,39149.4k $1.2m $1.2m 0.00% Reduced -4.7k -4,702
95 WHITTIER TRUST CO OF NEVADA INC 0.02% of their portfolio RENO, NV 48,53148.5k $1.2m $1.2m 0.02% Added +23.8k +23,825
96 Pekin Hardy Strauss, Inc. 0.12% of their portfolio CHICAGO, IL 46,92246.9k $1.1m $1.1m 0.12% Added +12.1k +12,135
97 Boston Standard Wealth Management, LLC 0.18% of their portfolio WINCHESTER, MA 46,61646.6k $1.1m $1.1m 0.18% Unchanged
98 HENGEHOLD CAPITAL MANAGEMENT LLC 0.09% of their portfolio CINCINNATI, OH 44,41244.4k $1.1m $1.1m 0.09% Added +32.5k +32,522
99 Wealthspire Advisors, LLC 0.01% of their portfolio NEW YORK, NY 41,40641.4k $1.0m $1.0m 0.01% Added +16.8k +16,827
100 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 38,90038.9k $944.9k $944.9k 0.00% Added +19.9k +19,900