Vault-13

ADVISORSHARES TR HDGE

RANGER EQUITY BE · ETP · CUSIP 00768Y412

20 institutional holders -2 vs Q4 2024
1,100,8741.1m shares reported held*
$19.6mreported value*
4 new 6 added 4 reduced 6 sold out net bought ≈ $4.0m (+224.8k 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 ≈ $17.82. Options: 1 managers hold calls ($16.0k notional), 3 hold puts ($573.8k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 35Q4 22: 34Q1 23: 34Q2 23: 29Q3 23: 34Q4 23: 27Q1 24: 24Q2 24: 26Q3 24: 22Q4 24: 22Q1 25: 2020Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202235
Q4 202234
Q1 202334
Q2 202329
Q3 202334
Q4 202327
Q1 202424
Q2 202426
Q3 202422
Q4 202422
Q1 202520

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 11 bought or addedQ2 23: 18 cut or sold outQ3 23: 19 bought or addedQ3 23: 15 cut or sold outQ3 23Q4 23: 8 bought or addedQ4 23: 24 cut or sold outQ1 24: 8 bought or addedQ1 24: 12 cut or sold outQ1 24Q2 24: 7 bought or addedQ2 24: 11 cut or sold outQ3 24: 8 bought or addedQ3 24: 12 cut or sold outQ3 24Q4 24: 8 bought or addedQ4 24: 15 cut or sold outQ1 25: 10 bought or addedQ1 25: 10 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20231118
Q3 20231915
Q4 2023824
Q1 2024812
Q2 2024711
Q3 2024812
Q4 2024815
Q1 20251010

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ2 24 calls: $0Q2 24 puts: $952.2kQ2 24P/C —Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $16.0kQ1 25 puts: $573.8kQ1 25P/C 35.78
Numbers
QuarterCallsPutsP/C
Q2 2024$0$952.2k—
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$16.0k$573.8k35.78

Biggest buyers

Western Wealth Management, LLC New +258,423+258.4k
LPL Financial LLC Added +99,482+99.5k
OSAIC HOLDINGS, INC. Added +49,755+49.8k
Thomas J. Herzfeld Advisors, Inc. New +42,063+42.1k
MORGAN STANLEY Added +37,254+37.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +20,369+20.4k
ROYAL BANK OF CANADA Added +6,620+6.6k
CIBC WORLD MARKET INC. Added +1,470+1.5k
Goodman Advisory Group, LLC New +1,125+1.1k
FMR LLC Added +131+131

Biggest sellers

RAYMOND JAMES FINANCIAL INC Sold out -205,310-205.3k
JANE STREET GROUP, LLC Sold out -66,110-66.1k
TWO SIGMA SECURITIES, LLC Sold out -13,594-13.6k
Financial Advocates Investment Management Reduced -3,227-3.2k
MML INVESTORS SERVICES, LLC Reduced -2,353-2.4k
Vanguard Capital Wealth Advisors Reduced -899-899
BANK OF AMERICA CORP /DE/ Sold out -204-204
AE Wealth Management LLC Sold out -72-72
Tower Research Capital LLC (TRC) Sold out -68-68
UBS Group AG Reduced -50-50

Biggest calls

CITADEL ADVISORS LLC New $16.0k900 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $377.8k21.2k shares
CITADEL ADVISORS LLC New $196.0k11.0k shares
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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Western Wealth Management, LLC 0.31% of their portfolio GOLDEN, CO 258,423258.4k $4.6m $4.6m 0.31% New
2 UBS Group AG 0.00% of their portfolio ZURICH, V8 173,698173.7k $3.1m $3.1m 0.00% Reduced -50 -50
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 162,338162.3k $2.9m $2.9m 0.00% Added +37.3k +37,254
4 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 131,772131.8k $2.3m $2.3m 0.00% Added +99.5k +99,482
5 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 98,90798.9k $1.8m $1.8m 0.00% Added +1.5k +1,470
6 Vanguard Capital Wealth Advisors 1.20% of their portfolio DENVER, CO 55,09055.1k $981.7k $981.7k 1.20% Reduced -899 -899
7 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 51,71051.7k $921.4k $921.4k 0.00% Added +49.8k +49,755
8 Thomas J. Herzfeld Advisors, Inc. 0.25% of their portfolio MIAMI BEACH, FL 42,06342.1k $749.6k $749.6k 0.25% New
9 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 40,00040.0k $712.8k $712.8k 0.00% Unchanged
10 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 20,36920.4k $363.0k $363.0k 0.00% New
11 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 19,95120.0k $356.0k $356.0k 0.00% Reduced -2.4k -2,353
12 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 15,70015.7k $279.8k $279.8k 0.00% Unchanged
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 14,88614.9k $265.0k $265.0k 0.00% Added +6.6k +6,620
14 Financial Advocates Investment Management 0.01% of their portfolio OLYMPIA, WA 11,05311.1k $197.0k $197.0k 0.01% Reduced -3.2k -3,227
15 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 3,2473.2k $57.9k $57.9k 0.00% Unchanged
16 Goodman Advisory Group, LLC 0.01% of their portfolio NEEDHAM, MA 1,1251.1k $20.0k $20.0k 0.01% New
17 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 400400 $7.1k $7.1k 0.00% Unchanged
18 FMR LLC 0.00% of their portfolio BOSTON, MA 136136 $2.4k $2.4k 0.00% Added +131 +131
19 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 66 $105 $105 0.00% Unchanged
20 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged