Vault-13

ABRDN ETFS BCD

BBRG ALL COMMDY · ETP · CUSIP 003261203

80 institutional holders +7 vs Q1 2025
4,418,4294.4m shares reported held*
$146.4mreported value*
14 new 21 added 25 reduced 9 sold out net bought ≈ $46.6m (+1.4m 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 ≈ $33.13. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 50Q4 22: 59Q1 23: 58Q2 23: 61Q3 23: 67Q4 23: 66Q1 24: 59Q2 24: 53Q3 24: 59Q4 24: 69Q1 25: 73Q2 25: 8080Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202250
Q4 202259
Q1 202358
Q2 202361
Q3 202367
Q4 202366
Q1 202459
Q2 202453
Q3 202459
Q4 202469
Q1 202573
Q2 202580

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 34 bought or addedQ3 23: 31 cut or sold outQ4 23: 25 bought or addedQ4 23: 37 cut or sold outQ4 23Q1 24: 34 bought or addedQ1 24: 37 cut or sold outQ2 24: 24 bought or addedQ2 24: 29 cut or sold outQ2 24Q3 24: 25 bought or addedQ3 24: 28 cut or sold outQ4 24: 31 bought or addedQ4 24: 27 cut or sold outQ4 24Q1 25: 37 bought or addedQ1 25: 26 cut or sold outQ2 25: 35 bought or addedQ2 25: 34 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233431
Q4 20232537
Q1 20243437
Q2 20242429
Q3 20242528
Q4 20243127
Q1 20253726
Q2 20253534

Biggest buyers

Alaska Permanent Capital Management, LLC New +1,171,098+1.2m
HENGEHOLD CAPITAL MANAGEMENT LLC New +324,773+324.8k
FDx Advisors, Inc. New +79,723+79.7k
MML INVESTORS SERVICES, LLC Added +49,952+50.0k
FIG FINANCIAL ADVISORY SERVICES INC /ADV Added +31,602+31.6k
STIFEL FINANCIAL CORP Added +31,087+31.1k
AMERICAN NATIONAL BANK & TRUST Added +22,231+22.2k
Columbus Macro, LLC Added +20,752+20.8k
InTrack Investment Management Inc New +17,704+17.7k
Alaska Wealth Advisors, LLC New +16,833+16.8k

Biggest sellers

Inspire Advisors, LLC Sold out -93,268-93.3k
RETIREMENT GUYS FORMULA LLC Reduced -64,862-64.9k
CoreCap Advisors, LLC Reduced -63,812-63.8k
GREAT LAKES ADVISORS, LLC Reduced -49,056-49.1k
LPL Financial LLC Reduced -34,792-34.8k
AVANTAX ADVISORY SERVICES, INC. Reduced -17,602-17.6k
INDEPENDENT FINANCIAL GROUP, LLC Sold out -17,332-17.3k
Andina Capital Management, LLC Reduced -16,799-16.8k
Spire Wealth Management Sold out -13,128-13.1k
Millington Financial Advisors, LLC Reduced -10,323-10.3k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 Alaska Permanent Capital Management, LLC 3.01% of their portfolio ANCHORAGE, AK 1,171,0981.2m $38.8m $38.8m 3.01% New
2 HENGEHOLD CAPITAL MANAGEMENT LLC 0.98% of their portfolio CINCINNATI, OH 324,773324.8k $10.8m $10.8m 0.98% New
3 Columbus Macro, LLC 1.12% of their portfolio NEW CASTLE, PA 274,958275.0k $9.1m $9.1m 1.12% Added +20.8k +20,752
4 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 237,462237.5k $7.9m $7.9m 0.00% Reduced -5.1k -5,054
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 172,375172.4k $5.7m $5.7m 0.00% Reduced -34.8k -34,792
6 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 169,845169.8k $5.6m $5.6m 0.01% Reduced -1.8k -1,797
7 Columbia River Financial Group, LLC 3.01% of their portfolio VANCOUVER, WA 141,847141.8k $4.7m $4.7m 3.01% Added +3.8k +3,847
8 TD Waterhouse Canada Inc. 0.03% of their portfolio TORONTO, A6 129,961130.0k $4.3m $4.3m 0.03% Added +10.3k +10,304
9 Ameritas Investment Partners, Inc. 0.12% of their portfolio LINCOLN, NE 117,863117.9k $3.9m $3.9m 0.12% Added +5.7k +5,719
10 Impact Investors, Inc 2.38% of their portfolio SAN FRANCISCO, CA 101,524101.5k $3.4m $3.4m 2.38% Added +2.4k +2,372
11 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 98,11598.1k $3.3m $3.3m 0.00% Added +31.1k +31,087
12 FIG FINANCIAL ADVISORY SERVICES INC /ADV 2.04% of their portfolio OKLAHOMA CITY, OK 92,00092.0k $3.0m $3.0m 2.04% Added +31.6k +31,602
13 RETIREMENT GUYS FORMULA LLC 1.14% of their portfolio MAUMEE, OH 90,19190.2k $3.0m $3.0m 1.14% Reduced -64.9k -64,862
14 AVANTAX ADVISORY SERVICES, INC. 0.02% of their portfolio DALLAS, TX 89,88289.9k $3.0m $3.0m 0.02% Reduced -17.6k -17,602
15 FDx Advisors, Inc. 0.81% of their portfolio BERWYN, PA 79,72379.7k $2.6m $2.6m 0.81% New
16 CW Advisors, LLC 0.02% of their portfolio BOSTON, MA 75,95976.0k $2.5m $2.5m 0.02% Reduced -522 -522
17 VanderPol Investments L.L.C. 5.23% of their portfolio CALEDONIA, MI 75,13775.1k $2.5m $2.5m 5.23% Reduced -1.9k -1,938
18 Ifrah Financial Services, Inc. 0.54% of their portfolio Little Rock, AR 59,20759.2k $2.0m $2.0m 0.54% Added +158 +158
19 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 58,49558.5k $1.9m $1.9m 0.01% Added +50.0k +49,952
20 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 58,41258.4k $1.9m $1.9m 0.03% Added +3.6k +3,566
21 Mengis Capital Management, Inc. 0.40% of their portfolio PORTLAND, OR 56,72156.7k $1.9m $1.9m 0.40% Added +5.4k +5,385
22 AMERICAN NATIONAL BANK & TRUST 0.18% of their portfolio WICHITA FALLS, TX 53,96354.0k $1.8m $1.8m 0.18% Added +22.2k +22,231
23 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 45,44445.4k $1.5m $1.5m 0.00% Added +9.1k +9,107
24 Millington Financial Advisors, LLC 0.75% of their portfolio NAPERVILLE, IL 43,59243.6k $1.5m $1.5m 0.75% Reduced -10.3k -10,323
25 Lansing Street Advisors 0.43% of their portfolio AMBLER, PA 43,52943.5k $1.4m $1.4m 0.43% Added +3.4k +3,355
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 38,46738.5k $1.3m $1.3m 0.00% Reduced -4.1k -4,065
27 RHS Financial, LLC 0.71% of their portfolio SAN FRANCISCO, CA 37,74837.7k $1.3m $1.3m 0.71% Reduced -1.9k -1,894
28 WEDBUSH SECURITIES INC 0.04% of their portfolio PASADENA, CA 36,83336.8k $1.2m $1.2m 0.04% Added +2.4k +2,436
29 IHT Wealth Management, LLC 0.03% of their portfolio Chicago, IL 32,35632.4k $1.1m $1.1m 0.03% Added +1.6k +1,578
30 CoreCap Advisors, LLC 0.04% of their portfolio SOUTHFIELD, MI 31,11631.1k $1.0m $1.0m 0.04% Reduced -63.8k -63,812
31 Rede Wealth, LLC 0.37% of their portfolio CHARLOTTESVILLE, VA 30,62030.6k $1.0m $1.0m 0.37% Added +2.5k +2,531
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 24,72124.7k $819.5k $819.5k 0.00% Added +7.7k +7,677
33 Andina Capital Management, LLC 0.55% of their portfolio LOGAN, UT 23,89923.9k $792.3k $792.3k 0.55% Reduced -16.8k -16,799
34 BCS Private Wealth Management, Inc. 0.30% of their portfolio RUMSON, NJ 23,88023.9k $792.0k $792.0k 0.30% First filing
35 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 22,04622.0k $731.0k $731.0k 0.00% Reduced -3.3k -3,258
36 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 18,88218.9k $626.0k $626.0k 0.00% Reduced -20 -20
37 SECURED RETIREMENT ADVISORS, LLC 0.37% of their portfolio ST LOUIS PARK, MN 18,76418.8k $622.0k $622.0k 0.37% Reduced -4.9k -4,900
38 InTrack Investment Management Inc 0.39% of their portfolio SOUTH BURLINGTON, VT 17,70417.7k $586.9k $586.9k 0.39% New
39 Alaska Wealth Advisors, LLC 0.08% of their portfolio ANCHORAGE, AK 16,83316.8k $558.0k $558.0k 0.08% New
40 Crescent Grove Advisors, LLC 0.05% of their portfolio LAKE FOREST, IL 16,37116.4k $542.7k $542.7k 0.05% Unchanged
41 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,78614.8k $490.0k $490.0k 0.00% Added +1.3k +1,308
42 Schrum Private Wealth Management LLC 0.38% of their portfolio ST. AUGUSTINE, FL 14,43614.4k $478.5k $478.5k 0.38% Added +1.3k +1,307
43 WEALTHSPAN PARTNERS, LLC 0.18% of their portfolio DAVENPORT, IA 12,73912.7k $422.3k $422.3k 0.18% Added +1.5k +1,477
44 Whipplewood Advisors, LLC 0.21% of their portfolio LITTLETON, CO 11,44111.4k $379.3k $379.3k 0.21% Reduced -559 -559
45 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 10,54810.5k $349.7k $349.7k 0.00% Unchanged
46 Freedom Investment Management, Inc. 0.03% of their portfolio SOUTH WINDSOR, CT 10,18310.2k $337.6k $337.6k 0.03% Reduced -7.3k -7,279
47 Mariner, LLC 0.00% of their portfolio Overland Park, KS 9,98010.0k $330.8k $330.8k 0.00% Reduced -3.3k -3,251
48 GREAT LAKES ADVISORS, LLC 0.00% of their portfolio CHICAGO, IL 9,4079.4k $311.8k $311.8k 0.00% Reduced -49.1k -49,056
49 Triton Financial Group Inc 0.22% of their portfolio Oklahoma City, OK 9,3019.3k $308.3k $308.3k 0.22% First filing
50 SHEETS SMITH WEALTH MANAGEMENT 0.03% of their portfolio WINSTON-SALEM, NC 8,7528.8k $290.1k $290.1k 0.03% Reduced -1.9k -1,925
51 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 8,5118.5k $282.0k $282.0k 0.01% New
52 Certified Advisory Corp 0.03% of their portfolio ALTAMONTE SPRINGS, FL 7,8227.8k $259.3k $259.3k 0.03% Reduced -972 -972
53 Sovran Advisors, LLC 0.03% of their portfolio SAN DIEGO, CA 7,6687.7k $256.6k $256.6k 0.03% Reduced -7.6k -7,582
54 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 6,5196.5k $216.1k $216.1k 0.00% Unchanged
55 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 6,2476.2k $207.1k $207.1k 0.00% Reduced -6.5k -6,509
56 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 6,0586.1k $200.8k $200.8k 0.00% New
57 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 5,5015.5k $182.3k $182.3k 0.01% New
58 Bruce G. Allen Investments, LLC 0.04% of their portfolio DENVER, CO 1,5411.5k $51.1k $51.1k 0.04% Unchanged
59 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,1181.1k $37.1k $37.1k 0.00% Unchanged
60 MeadowBrook Investment Advisors LLC 0.03% of their portfolio Livonia, MI 850850 $28.2k $28.2k 0.03% New
61 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 665665 $22.0k $22.0k 0.00% Unchanged
62 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 422422 $14.0k $14.0k 0.00% Unchanged
63 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 383383 $12.7k $12.7k 0.00% New
64 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 324324 $10.7k $10.7k 0.00% Unchanged
65 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 295295 $9.8k $9.8k 0.00% Unchanged
66 COMERICA BANK 0.00% of their portfolio DALLAS, TX 201201 $6.7k $6.7k 0.00% New
67 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 133133 $4.4k $4.4k 0.00% Unchanged
68 CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio SAUSALITO, CA 7070 $2.3k $2.3k 0.00% Unchanged
69 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6868 $2.0k $2.0k 0.00% New
70 Kiker Wealth Management, LLC 0.00% of their portfolio JASPER, GA 6060 $2.0k $2.0k 0.00% New
71 Nemes Rush Group LLC 0.00% of their portfolio NOVI, MI 3232 $1.1k $1.1k 0.00% Unchanged
72 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 2626 $862 $862 0.00% Unchanged
73 TOTAL INVESTMENT MANAGEMENT INC 0.00% of their portfolio SCOTTSDALE, AZ 1616 $534 $534 0.00% New
74 Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio ORLAND PARK, IL 77 $232 $232 0.00% Unchanged
75 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $20 $20 0.00% Unchanged
76 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11 $50 $50 0.00% Reduced -1 -1
77 CWM, LLC 0.00% of their portfolio OMAHA, NE 11 $0 $0 0.00% Unchanged
78 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 00 $31 $31 0.00% Unchanged
79 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged
80 First Horizon Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 00 $0 $0 0.00% Reduced -714 -714