Vault-13

ADVISORSHARES TR HDGE

RANGER EQUITY BE · ETP · CUSIP 00768Y412

19 institutional holders -1 vs Q1 2025
1,065,0611.1m shares reported held*
$18.0mreported value*
4 new 8 added 3 reduced 5 sold out net sold ≈ $606.0k (-35.8k 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 ≈ $16.92. Options: 0 managers hold calls (— notional), 3 hold puts ($829.1k).

Trends to Q2 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: 20Q2 25: 1919Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 202519

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 19 bought or addedQ3 23: 15 cut or sold outQ4 23: 8 bought or addedQ4 23: 24 cut or sold outQ4 23Q1 24: 8 bought or addedQ1 24: 12 cut or sold outQ2 24: 7 bought or addedQ2 24: 11 cut or sold outQ2 24Q3 24: 8 bought or addedQ3 24: 12 cut or sold outQ4 24: 8 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 10 cut or sold outQ2 25: 12 bought or addedQ2 25: 8 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231915
Q4 2023824
Q1 2024812
Q2 2024711
Q3 2024812
Q4 2024815
Q1 20251010
Q2 2025128

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ3 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 35.78Q2 25 calls: $0Q2 25 puts: $829.1kQ2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$16.0k$573.8k35.78
Q2 2025$0$829.1k—

Biggest buyers

ROYAL BANK OF CANADA Added +102,668+102.7k
MORGAN STANLEY Added +97,447+97.4k
OSAIC HOLDINGS, INC. Added +81,042+81.0k
RAYMOND JAMES FINANCIAL INC New +22,571+22.6k
Vanguard Capital Wealth Advisors Added +14,939+14.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +13,422+13.4k
Financial Advocates Investment Management Added +3,498+3.5k
BANK OF AMERICA CORP /DE/ New +2,129+2.1k
UBS Group AG Added +582+582
BANK OF MONTREAL /CAN/ Added +200+200

Biggest sellers

Western Wealth Management, LLC Sold out -258,423-258.4k
LPL Financial LLC Reduced -55,504-55.5k
Thomas J. Herzfeld Advisors, Inc. Sold out -42,063-42.1k
CIBC WORLD MARKET INC. Reduced -8,660-8.7k
MML INVESTORS SERVICES, LLC Reduced -5,401-5.4k
MAI Capital Management Sold out -3,247-3.2k
Goodman Advisory Group, LLC Sold out -1,125-1.1k
FMR LLC Sold out -136-136

Biggest calls

None

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $827.4k48.9k shares
GROUP ONE TRADING LLC New $1.7k100 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 259,785259.8k $4.4m $4.4m 0.00% Added +97.4k +97,447
2 UBS Group AG 0.00% of their portfolio ZURICH, V8 174,280174.3k $2.9m $2.9m 0.00% Added +582 +582
3 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 132,752132.8k $2.2m $2.2m 0.00% Added +81.0k +81,042
4 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 117,554117.6k $2.0m $2.0m 0.00% Added +102.7k +102,668
5 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 90,24790.2k $1.5m $1.5m 0.00% Reduced -8.7k -8,660
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 76,26876.3k $1.3m $1.3m 0.00% Reduced -55.5k -55,504
7 Vanguard Capital Wealth Advisors 1.18% of their portfolio DENVER, CO 70,02970.0k $1.2m $1.2m 1.18% Added +14.9k +14,939
8 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 40,00040.0k $676.8k $676.8k 0.00% Unchanged
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 33,79133.8k $571.7k $571.7k 0.00% Added +13.4k +13,422
10 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 22,57122.6k $381.9k $381.9k 0.00% New
11 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 15,90015.9k $269.0k $269.0k 0.00% Added +200 +200
12 Financial Advocates Investment Management 0.02% of their portfolio OLYMPIA, WA 14,55114.6k $246.2k $246.2k 0.02% Added +3.5k +3,498
13 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 14,55014.6k $246.0k $246.0k 0.00% Reduced -5.4k -5,401
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,1292.1k $36.0k $36.0k 0.00% New
15 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 400400 $6.7k $6.7k 0.00% Unchanged
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 148148 $2.5k $2.5k 0.00% New
17 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 100100 $1.7k $1.7k 0.00% New
18 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 66 $100 $100 0.00% Unchanged
19 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged