Vault-13

ADVISORSHARES TR HDGE

RANGER EQUITY BE · ETP · CUSIP 00768Y412

19 institutional holders -6 vs Q1 2026
1,729,6131.7m shares reported held*
$28.5mreported value*
3 new 5 added 6 reduced 10 sold out net sold ≈ $10.7m (-651.1k 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 ≈ $16.49. Options: 0 managers hold calls (— notional), 1 hold puts ($1.7m).

Trends to Q2 2026

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: 19Q3 25: 15Q4 25: 19Q1 26: 25Q2 26: 1919Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q3 202515
Q4 202519
Q1 202625
Q2 202619

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 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 25Q3 25: 9 bought or addedQ3 25: 9 cut or sold outQ4 25: 10 bought or addedQ4 25: 8 cut or sold outQ4 25Q1 26: 16 bought or addedQ1 26: 11 cut or sold outQ2 26: 8 bought or addedQ2 26: 16 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024812
Q4 2024815
Q1 20251010
Q2 2025128
Q3 202599
Q4 2025108
Q1 20261611
Q2 2026816

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ3 25 calls: $524.5kQ3 25 puts: $259.0kQ3 25P/C 0.49Q4 25 calls: $482.2kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $253.1kQ1 26 puts: $1.6mQ1 26P/C 6.19Q2 26 calls: $0Q2 26 puts: $1.7mQ2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$524.5k$259.0k0.49
Q4 2025$482.2k$00.00
Q1 2026$253.1k$1.6m6.19
Q2 2026$0$1.7m—

Biggest buyers

OSAIC HOLDINGS, INC. Added +70,985+71.0k
MML INVESTORS SERVICES, LLC Added +52,655+52.7k
ROYAL BANK OF CANADA Added +27,898+27.9k
HRT FINANCIAL LP New +22,643+22.6k
INDEPENDENT FINANCIAL GROUP, LLC New +18,700+18.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +15,099+15.1k
NATIONAL BANK OF CANADA /FI/ Added +4,000+4.0k
Quantum Portfolio Management LLC New +1,250+1.2k

Biggest sellers

STIFEL FINANCIAL CORP Sold out -293,147-293.1k
LPL Financial LLC Reduced -198,951-199.0k
RAYMOND JAMES FINANCIAL INC Reduced -127,439-127.4k
Belpointe Asset Management LLC Sold out -47,478-47.5k
Vanguard Capital Wealth Advisors Reduced -44,804-44.8k
GOLDMAN SACHS GROUP INC Sold out -40,000-40.0k
MORGAN STANLEY Reduced -25,911-25.9k
ENVESTNET ASSET MANAGEMENT INC Sold out -20,373-20.4k
COMMONWEALTH EQUITY SERVICES, LLC Sold out -15,289-15.3k
Stratos Wealth Advisors, LLC Sold out -15,032-15.0k

Biggest calls

None

Biggest puts

CITADEL ADVISORS LLC Added $1.7m105.1k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 742,804742.8k $12.2m $12.2m 0.00% Reduced -199.0k -198,951
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 326,156326.2k $5.4m $5.4m 0.00% Reduced -25.9k -25,911
3 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 264,166264.2k $4.4m $4.4m 0.00% Reduced -127.4k -127,439
4 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 93,67693.7k $1.5m $1.5m 0.00% Added +71.0k +70,985
5 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 68,63768.6k $1.1m $1.1m 0.00% Added +52.7k +52,655
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 64,68464.7k $1.1m $1.1m 0.00% Added +27.9k +27,898
7 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 37,26137.3k $614.5k $614.5k 0.00% Added +15.1k +15,099
8 Vanguard Capital Wealth Advisors 0.37% of their portfolio DENVER, CO 33,33933.3k $549.8k $549.8k 0.37% Reduced -44.8k -44,804
9 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 22,64322.6k $373.0k $373.0k 0.00% New
10 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 18,70018.7k $308.4k $308.4k 0.01% New
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 17,69217.7k $291.8k $291.8k 0.00% Reduced -13.8k -13,804
12 Synergy Asset Management, LLC 0.02% of their portfolio VANCOUVER, WA 12,40412.4k $204.5k $204.5k 0.02% Reduced -7.2k -7,221
13 VIMA LLC 0.17% of their portfolio TROY, MI 10,64910.6k $175.6k $175.6k 0.17% First filing
14 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 9,7009.7k $160.0k $160.0k 0.00% Unchanged
15 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 5,0005.0k $81.7k $81.7k 0.00% Added +4.0k +4,000
16 Quantum Portfolio Management LLC 0.01% of their portfolio NEW YORK, NY 1,2501.2k $20.6k $20.6k 0.01% New
17 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 400400 $6.5k $6.5k 0.00% Unchanged
18 Johnson Financial Group, Inc. 0.00% of their portfolio RACINE, WI 323323 $5.3k $5.3k 0.00% Unchanged
19 CVA Family Office, LLC 0.00% of their portfolio DENVER, CO 129129 $2.1k $2.1k 0.00% Unchanged