ADVISORSHARES TR HDGE
RANGER EQUITY BE · ETP · CUSIP 00768Y412
29
institutional holders
-5 vs Q1 2023
2.9m
shares reported held*
$64.6mreported value*
1 new
10 added
11 reduced
7 sold out
net bought ≈ $2.7m (+121.5k 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 ≈ $22.61. Options: 2 managers hold calls ($275.8k notional), 2 hold puts ($213.5k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 35 |
| Q4 2022 | 34 |
| Q1 2023 | 34 |
| Q2 2023 | 29 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 13 | 21 |
| Q1 2023 | 13 | 20 |
| Q2 2023 | 11 | 18 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $475.0k | $1.1m | 2.25 |
| Q4 2022 | $654.0k | $618.1k | 0.95 |
| Q1 2023 | $1.2m | $193.3k | 0.16 |
| Q2 2023 | $275.8k | $213.5k | 0.77 |
Biggest buyers
| MORGAN STANLEY | Added | +249.6k |
| OSAIC HOLDINGS, INC. | Added | +98.4k |
| Janney Montgomery Scott LLC | Added | +69.9k |
| NewEdge Advisors, LLC | Added | +61.3k |
| Raymond James Financial Services Advisors, Inc. | Added | +36.7k |
| NATIONAL BANK OF CANADA /FI/ | Added | +13.8k |
| TRUIST FINANCIAL CORP | New | +10.8k |
| UBS Group AG | Added | +9.1k |
| MML INVESTORS SERVICES, LLC | Added | +6.4k |
| COMMONWEALTH EQUITY SERVICES, LLC | Added | +2.2k |
Biggest sellers
| STIFEL FINANCIAL CORP | Sold out | -157.7k |
| ROYAL BANK OF CANADA | Reduced | -86.2k |
| HighTower Advisors, LLC | Reduced | -57.4k |
| RAYMOND JAMES & ASSOCIATES | Reduced | -54.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -16.9k |
| LPL Financial LLC | Reduced | -13.8k |
| MARSHALL WACE, LLP | Reduced | -13.6k |
| SIMPLEX TRADING, LLC | Sold out | -9.2k |
| Stratos Wealth Partners, LTD. | Sold out | -8.3k |
| BANK OF MONTREAL /CAN/ | Reduced | -7.0k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $275.8k12.2k shares |
| Cutler Group LLC / CA | Reduced | $012.7k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $212.5k9.4k shares |
| Cutler Group LLC / CA | New | $1.0k700 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 2023
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 1.4m $32.7m | Added +249.6k |
| LPL Financial LLC 0.00% of their portfolio | 146.7k $3.3m | Reduced -13.8k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 144.5k $3.3m | Added +98.4k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 126.9k $2.9m | Added +36.7k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 120.6k $2.7m | Added +69.9k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 120.1k $2.7m | Added +270 |
| UBS Group AG 0.00% of their portfolio | 110.8k $2.5m | Added +9.1k |
| HighTower Advisors, LLC 0.00% of their portfolio | 101.5k $2.3m | Reduced -57.4k |
| NewEdge Advisors, LLC 0.02% of their portfolio | 75.3k $1.7m | Added +61.3k |
| WEALTHSOURCE PARTNERS, LLC 0.11% of their portfolio | 74.9k $1.7m | Reduced -3.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 72.1k $1.6m | Reduced -86.2k |
| V Wealth Advisors LLC 0.26% of their portfolio | 66.4k $1.5m | Reduced -65 |
| Vanguard Capital Wealth Advisors 1.13% of their portfolio | 55.0k $1.2m | Reduced -4.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 35.3k $797.0k | Added +2.2k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 30.8k $697.3k | Reduced -13.6k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 23.4k $524.4k | Added +13.8k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 19.4k $439.0k | Added +6.4k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 15.9k $359.5k | Reduced -54.9k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 14.9k $348.2k | Reduced -7.0k |
| BROWN ADVISORY INC 0.00% of their portfolio | 14.5k $327.8k | Unchanged |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 10.8k $244.9k | New |
| KINGSWOOD WEALTH ADVISORS, LLC 0.07% of their portfolio | 10.3k $232.9k | First filing |
| Perigon Wealth Management, LLC 0.01% of their portfolio | 10.0k $226.1k | Unchanged |
| FREEDOM WEALTH ALLIANCE, LLC 0.29% of their portfolio | 9.9k $205.5k | Reduced -237 |
| OPTIMUM INVESTMENT ADVISORS 0.01% of their portfolio | 800 $18.1k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 485 $11.0k | Unchanged |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 400 $9.0k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 9 $203 | Reduced -94 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |