Vault-13

ABRDN ETFS BCD

BBRG ALL COMMDY · ETP · CUSIP 003261203

89 institutional holders +14 vs Q4 2025
5,873,7065.9m shares reported held*
$210.1mreported value*
20 new 39 added 14 reduced 6 sold out net bought ≈ $30.1m (+840.1k 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 ≈ $35.78. Options: 2 managers hold calls ($2.8m notional), 0 hold puts (—).

Trends to Q1 2026

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: 80Q3 25: 69Q4 25: 75Q1 26: 8989Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 202569
Q4 202575
Q1 202689

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 24 bought or addedQ2 24: 29 cut or sold outQ3 24: 25 bought or addedQ3 24: 28 cut or sold outQ3 24Q4 24: 31 bought or addedQ4 24: 27 cut or sold outQ1 25: 37 bought or addedQ1 25: 26 cut or sold outQ1 25Q2 25: 35 bought or addedQ2 25: 34 cut or sold outQ3 25: 36 bought or addedQ3 25: 34 cut or sold outQ3 25Q4 25: 44 bought or addedQ4 25: 26 cut or sold outQ1 26: 59 bought or addedQ1 26: 20 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242429
Q3 20242528
Q4 20243127
Q1 20253726
Q2 20253534
Q3 20253634
Q4 20254426
Q1 20265920

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $322.0kQ4 25P/C —Q1 26 calls: $2.8mQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$322.0k—
Q1 2026$2.8m$00.00

Biggest buyers

Alaska Permanent Capital Management, LLC Added +214,358+214.4k
UBS Group AG Added +106,661+106.7k
WEALTH MANAGEMENT RESOURCES, INC. New +84,489+84.5k
Columbus Macro, LLC Added +75,768+75.8k
ENVESTNET ASSET MANAGEMENT INC Added +56,099+56.1k
Cetera Investment Advisers Added +53,102+53.1k
Atria Investments, Inc New +45,828+45.8k
Alaska Wealth Advisors, LLC Added +44,668+44.7k
ASSETMARK, INC Added +27,750+27.8k
Madison Asset Management, LLC Added +24,078+24.1k

Biggest sellers

Inspire Advisors, LLC Reduced -61,020-61.0k
CoreCap Advisors, LLC Reduced -23,321-23.3k
LPL Financial LLC Reduced -16,400-16.4k
Rede Wealth, LLC Sold out -11,547-11.5k
Andina Capital Management, LLC Reduced -9,061-9.1k
IHT Wealth Management, LLC Reduced -8,376-8.4k
MeadowBrook Investment Advisors LLC Reduced -3,145-3.1k
Investment Research Partners LLC Reduced -1,613-1.6k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Sold out -1,570-1.6k
Mariner, LLC Reduced -1,517-1.5k

Biggest calls

SIMPLEX TRADING, LLC New $1.6m64.2k shares
CITADEL ADVISORS LLC New $1.2m33.6k 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 Alaska Permanent Capital Management, LLC 3.49% of their portfolio ANCHORAGE, AK 1,391,0671.4m $49.7m $49.7m 3.49% Added +214.4k +214,358
2 Alaska Wealth Advisors, LLC 1.98% of their portfolio ANCHORAGE, AK 461,911461.9k $16.5m $16.5m 1.98% Added +44.7k +44,668
3 Columbus Macro, LLC 1.45% of their portfolio NEW CASTLE, PA 379,883379.9k $13.6m $13.6m 1.45% Added +75.8k +75,768
4 HENGEHOLD CAPITAL MANAGEMENT LLC 1.04% of their portfolio CINCINNATI, OH 334,163334.2k $12.0m $12.0m 1.04% Added +14.3k +14,281
5 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 320,635320.6k $11.5m $11.5m 0.01% Added +53.1k +53,102
6 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 257,602257.6k $9.2m $9.2m 0.00% Added +56.1k +56,099
7 AMERICAN NATIONAL BANK & TRUST 0.64% of their portfolio WICHITA FALLS, TX 187,079187.1k $6.7m $6.7m 0.64% Added +16.7k +16,723
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 180,840180.8k $6.5m $6.5m 0.00% Reduced -16.4k -16,400
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 159,433159.4k $5.7m $5.7m 0.00% Added +106.7k +106,661
10 Columbia River Financial Group, LLC 3.27% of their portfolio VANCOUVER, WA 157,494157.5k $5.6m $5.6m 3.27% Added +8.5k +8,489
11 Ameritas Investment Partners, Inc. 0.17% of their portfolio LINCOLN, NE 150,116150.1k $5.4m $5.4m 0.17% Added +3.9k +3,925
12 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 129,024129.0k $4.6m $4.6m 0.00% Added +5.3k +5,290
13 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 127,284127.3k $4.6m $4.6m 0.01% Added +27.8k +27,750
14 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 106,823106.8k $3.8m $3.8m 0.01% Added +8.5k +8,521
15 Impact Investors, Inc 2.56% of their portfolio SAN FRANCISCO, CA 102,818102.8k $3.7m $3.7m 2.56% Reduced -205 -205
16 CoreCap Advisors, LLC 0.12% of their portfolio SOUTHFIELD, MI 101,068101.1k $3.6m $3.6m 0.12% Reduced -23.3k -23,321
17 RFG Advisory, LLC 0.06% of their portfolio BIRMINGHAM, AL 97,26697.3k $3.5m $3.5m 0.06% Added +10.2k +10,156
18 FDx Advisors, Inc. 1.09% of their portfolio BERWYN, PA 95,13295.1k $3.4m $3.4m 1.09% Added +20.4k +20,429
19 WEALTH MANAGEMENT RESOURCES, INC. 1.05% of their portfolio SMITHFIELD, RI 84,48984.5k $3.0m $3.0m 1.05% New
20 Inspire Advisors, LLC 0.23% of their portfolio Meridian, ID 79,34679.3k $2.8m $2.8m 0.23% Reduced -61.0k -61,020
21 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 75,99976.0k $2.7m $2.7m 0.03% Added +10.4k +10,433
22 Mengis Capital Management, Inc. 0.44% of their portfolio PORTLAND, OR 70,71170.7k $2.5m $2.5m 0.44% Added +6.9k +6,869
23 Ifrah Financial Services, Inc. 0.57% of their portfolio Little Rock, AR 59,76459.8k $2.1m $2.1m 0.57% Reduced -13 -13
24 Millington Financial Advisors, LLC 0.80% of their portfolio NAPERVILLE, IL 51,62151.6k $1.9m $1.9m 0.80% Added +2.0k +1,966
25 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 45,82845.8k $1.6m $1.6m 0.02% New
26 Madison Asset Management, LLC 0.02% of their portfolio MADISON, WI 45,72445.7k $1.6m $1.6m 0.02% Added +24.1k +24,078
27 RHS Financial, LLC 0.68% of their portfolio SAN FRANCISCO, CA 39,89239.9k $1.4m $1.4m 0.68% Added +6.9k +6,888
28 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 36,75136.8k $1.3m $1.3m 0.00% Added +12.6k +12,558
29 Alhambra Investment Management LLC 0.60% of their portfolio PALMETTO BAY, FL 36,57236.6k $1.3m $1.3m 0.60% Added +12.8k +12,754
30 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 32,54432.5k $1.2m $1.2m 0.00% Added +6.5k +6,480
31 ALLSTREET CAPITAL ADVISORS LLC 0.78% of their portfolio LOS ANGELES, CA 29,53029.5k $1.1m $1.1m 0.78% Added +3.2k +3,223
32 RETIREMENT GUYS FORMULA LLC 0.48% of their portfolio MAUMEE, OH 28,94828.9k $1.0m $1.0m 0.48% Added +1.6k +1,577
33 InTrack Investment Management Inc 0.51% of their portfolio SOUTH BURLINGTON, VT 25,12825.1k $899.1k $899.1k 0.51% Added +2.0k +2,012
34 BCS Private Wealth Management, Inc. 0.27% of their portfolio RUMSON, NJ 24,70524.7k $883.9k $883.9k 0.27% Added +575 +575
35 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 23,67823.7k $847.0k $847.0k 0.00% Added +4.3k +4,303
36 Lifetime Wealth Management P.C. 0.46% of their portfolio ROCKWALL, TX 22,44322.4k $803.0k $803.0k 0.46% Added +1.1k +1,074
37 IHT Wealth Management, LLC 0.02% of their portfolio Chicago, IL 20,24220.2k $724.3k $724.3k 0.02% Reduced -8.4k -8,376
38 Cooper Financial Group 0.07% of their portfolio IRVINE, CA 20,19120.2k $722.4k $722.4k 0.07% New
39 WEALTHSPAN PARTNERS, LLC 0.25% of their portfolio DAVENPORT, IA 20,02120.0k $716.4k $716.4k 0.25% Added +1.6k +1,571
40 Triton Financial Group Inc 1.08% of their portfolio Oklahoma City, OK 18,62418.6k $621.9k $621.9k 1.08% Added +9.4k +9,401
41 Andina Capital Management, LLC 0.54% of their portfolio LOGAN, UT 17,04517.0k $609.9k $609.9k 0.54% Reduced -9.1k -9,061
42 Investment Research Partners LLC 0.25% of their portfolio LEMONT, PA 17,02617.0k $609.2k $609.2k 0.25% Reduced -1.6k -1,613
43 Avail Investment Partners, LLC 0.65% of their portfolio LEMONT, PA 17,02617.0k $609.0k $609.0k 0.65% First filing
44 Crescent Grove Advisors, LLC 0.06% of their portfolio LAKE FOREST, IL 16,37116.4k $585.8k $585.8k 0.06% Unchanged
45 SECURED RETIREMENT ADVISORS, LLC 0.30% of their portfolio ST LOUIS PARK, MN 14,87314.9k $532.2k $532.2k 0.30% Reduced -856 -856
46 Accel Wealth Management 0.12% of their portfolio WAVERLY, IA 12,75312.8k $456.3k $456.3k 0.12% Added +4.3k +4,281
47 PETRA FINANCIAL ADVISORS INC 0.28% of their portfolio COLORADO SRPINGS, CO 12,44812.4k $445.4k $445.4k 0.28% Added +2.2k +2,157
48 Schrum Private Wealth Management LLC 0.32% of their portfolio ST. AUGUSTINE, FL 11,75011.8k $420.4k $420.4k 0.32% Added +11 +11
49 Centurion Wealth Management LLC 0.09% of their portfolio Mclean, VA 11,22311.2k $401.6k $401.6k 0.09% Unchanged
50 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 11,09211.1k $396.9k $396.9k 0.01% New
51 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 10,58710.6k $378.8k $378.8k 0.00% Added +39 +39
52 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,9529.0k $320.0k $320.0k 0.00% Reduced -1.0k -1,023
53 SHEETS SMITH WEALTH MANAGEMENT 0.03% of their portfolio WINSTON-SALEM, NC 7,8677.9k $281.5k $281.5k 0.03% Reduced -885 -885
54 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 7,7177.7k $276.1k $276.1k 0.00% Added +724 +724
55 Stokes Family Office, LLC 0.03% of their portfolio NEW ORLEANS, LA 7,2707.3k $260.1k $260.1k 0.03% Unchanged
56 Note Advisors, LLC 0.13% of their portfolio BUFFALO, NY 6,9937.0k $250.2k $250.2k 0.13% New
57 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,6886.7k $239.3k $239.3k 0.00% Reduced -1.5k -1,517
58 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 6,4816.5k $231.9k $231.9k 0.00% New
59 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 6,3176.3k $226.0k $226.0k 0.01% New
60 Aureus Asset Management, LLC 0.01% of their portfolio BOSTON, MA 5,9656.0k $213.4k $213.4k 0.01% New
61 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 5,7485.7k $206.0k $206.0k 0.01% New
62 MeadowBrook Investment Advisors LLC 0.15% of their portfolio Livonia, MI 5,0505.0k $174.6k $174.6k 0.15% Reduced -3.1k -3,145
63 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 3,2733.3k $117.1k $117.1k 0.00% Added +2.2k +2,229
64 FARMERS & MERCHANTS INVESTMENTS INC 0.00% of their portfolio LINCOLN, NE 1,9151.9k $68.5k $68.5k 0.00% New
65 PlanVest Financial, Inc 0.05% of their portfolio GAITHERSBURG, MD 1,7171.7k $61.4k $61.4k 0.05% First filing
66 Strategic Investment Solutions, Inc. /IL 0.01% of their portfolio ORLAND PARK, IL 1,6781.7k $60.0k $60.0k 0.01% Added +1.7k +1,671
67 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 709709 $25.4k $25.4k 0.00% Added +275 +275
68 Eurizon Asset Management Hungary Ltd. 0.03% of their portfolio BUDAPEST, K5 700700 $25.0k $25.0k 0.03% New
69 Whipplewood Advisors, LLC 0.01% of their portfolio LITTLETON, CO 687687 $24.6k $24.6k 0.01% Reduced -12 -12
70 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 665665 $23.8k $23.8k 0.00% Unchanged
71 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 561561 $20.1k $20.1k 0.00% New
72 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 469469 $16.8k $16.8k 0.00% New
73 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 412412 $14.6k $14.6k 0.00% New
74 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 220220 $8.0k $8.0k 0.00% New
75 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 205205 $7.3k $7.3k 0.00% New
76 Wall Street Financial Group, Inc. 0.00% of their portfolio CARLINVILLE, IL 136136 $4.9k $4.9k 0.00% New
77 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 133133 $4.8k $4.8k 0.00% Unchanged
78 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 127127 $4.5k $4.5k 0.00% Unchanged
79 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 103103 $3.7k $3.7k 0.00% Unchanged
80 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 8383 $3.0k $3.0k 0.00% New
81 FMR LLC 0.00% of their portfolio BOSTON, MA 7373 $2.6k $2.6k 0.00% New
82 CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio SAUSALITO, CA 7070 $2.5k $2.5k 0.00% Unchanged
83 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5151 $1.8k $1.8k 0.00% New
84 Nemes Rush Group LLC 0.00% of their portfolio NOVI, MI 3232 $1.1k $1.1k 0.00% Unchanged
85 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 2727 $966 $966 0.00% Unchanged
86 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 2626 $930 $930 0.00% Unchanged
87 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 22 $81 $81 0.00% Unchanged
88 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $20 $20 0.00% Unchanged
89 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 00 $34 $34 0.00% Unchanged