Vault-13

ADVISORS SER TR KAT

SCHARF ETF · ETP · CUSIP 00770X220

37 institutional holders -4 vs Q1 2026
9,003,9969.0m shares reported held*
$486.8mreported value*
1 new 4 added 22 reduced 4 sold out net sold ≈ $19.6m (-363.0k 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 ≈ $54.06.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 25: 34Q4 25: 39Q1 26: 41Q2 26: 3737Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202534
Q4 202539
Q1 202641
Q2 202637

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 25: 14 bought or addedQ4 25: 17 cut or sold outQ4 25Q1 26: 11 bought or addedQ1 26: 24 cut or sold outQ1 26Q2 26: 5 bought or addedQ2 26: 26 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 20251417
Q1 20261124
Q2 2026526

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +179,604+179.6k
Cambridge Investment Research Advisors, Inc. Added +157,181+157.2k
GREENWOOD CAPITAL ASSOCIATES LLC New +5,145+5.1k
Mariner, LLC Added +1,862+1.9k
HighTower Advisors, LLC Added +716+716

Biggest sellers

MORGAN STANLEY Reduced -198,921-198.9k
Focus Partners Wealth Reduced -170,592-170.6k
Scharf Investments, LLC Reduced -139,324-139.3k
CITADEL ADVISORS LLC Reduced -72,068-72.1k
JANE STREET GROUP, LLC Reduced -44,725-44.7k
Quantinno Capital Management LP Reduced -27,269-27.3k
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management Reduced -23,425-23.4k
Intellectus Partners, LLC Reduced -7,567-7.6k
Summit Trail Advisors, LLC Sold out -6,545-6.5k
Orion Porfolio Solutions, LLC Sold out -4,008-4.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Scharf Investments, LLC 7.89% of their portfolio LOS GATOS, CA 4,419,9584.4m $238.9m $238.9m 7.89% Reduced -139.3k -139,324
2 Focus Partners Wealth 0.13% of their portfolio ST LOUIS, MO 2,332,1452.3m $126.1m $126.1m 0.13% Reduced -170.6k -170,592
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 851,022851.0k $46.0m $46.0m 0.00% Reduced -198.9k -198,921
4 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 330,760330.8k $17.9m $17.9m 0.02% Added +157.2k +157,181
5 Intellectus Partners, LLC 1.95% of their portfolio SAN FRANCISCO, CA 207,937207.9k $11.2m $11.2m 1.95% Reduced -7.6k -7,567
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 202,045202.0k $10.9m $10.9m 0.01% Added +179.6k +179,604
7 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 176,659176.7k $9.6m $9.6m 0.01% Added +716 +716
8 Roehl & Yi Investment Advisors, LLC 1.28% of their portfolio Eugene, OR 71,85671.9k $3.9m $3.9m 1.28% Reduced -1.7k -1,661
9 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 55,83855.8k $3.0m $3.0m 0.00% Reduced -27.3k -27,269
10 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 52,25052.2k $2.8m $2.8m 0.00% Reduced -271 -271
11 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.04% of their portfolio Seattle, WA 52,03952.0k $2.8m $2.8m 0.04% Reduced -23.4k -23,425
12 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 49,59749.6k $2.7m $2.7m 0.01% Unchanged
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 44,22844.2k $2.4m $2.4m 0.00% Reduced -1.7k -1,684
14 Ashton Thomas Private Wealth, LLC 0.04% of their portfolio SCOTTSDALE, AZ 36,31536.3k $2.0m $2.0m 0.04% Reduced -1.9k -1,898
15 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 17,95118.0k $970.4k $970.4k 0.00% Reduced -511 -511
16 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 15,07315.1k $843.0k $843.0k 0.00% Reduced -904 -904
17 ASHTON THOMAS SECURITIES, LLC 0.12% of their portfolio ROCHESTER, NY 14,49714.5k $783.7k $783.7k 0.12% Reduced -7 -7
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 14,41214.4k $779.1k $779.1k 0.00% Reduced -1.3k -1,270
19 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 7,7277.7k $417.7k $417.7k 0.01% Reduced -144 -144
20 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 7,4587.5k $403.2k $403.2k 0.00% Reduced -1.4k -1,426
21 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,7186.7k $363.2k $363.2k 0.00% Added +1.9k +1,862
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 6,6216.6k $357.9k $357.9k 0.00% Reduced -44.7k -44,725
23 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 6,5256.5k $352.7k $352.7k 0.00% Reduced -72.1k -72,068
24 Ridge Creek Global, Inc 0.22% of their portfolio STRONGSVILLE, OH 5,3485.3k $289.1k $289.1k 0.22% Unchanged
25 GREENWOOD CAPITAL ASSOCIATES LLC 0.03% of their portfolio GREENWOOD, SC 5,1455.1k $278.1k $278.1k 0.03% New
26 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 4,0584.1k $219.4k $219.4k 0.00% Reduced -445 -445
27 Abound Wealth Management 0.04% of their portfolio FRANKLIN, TN 3,4283.4k $185.3k $185.3k 0.04% Reduced -184 -184
28 Pinnacle Bancorp, Inc. 0.03% of their portfolio BEATRICE, NE 2,2962.3k $124.1k $124.1k 0.03% Unchanged
29 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,3101.3k $70.8k $70.8k 0.00% Unchanged
30 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,2691.3k $68.6k $68.6k 0.00% Unchanged
31 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 583583 $31.5k $31.5k 0.00% Unchanged
32 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 255255 $13.8k $13.8k 0.00% Unchanged
33 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 210210 $11.4k $11.4k 0.00% Unchanged
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 201201 $10.9k $10.9k 0.00% Unchanged
35 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 161161 $8.7k $8.7k 0.00% Unchanged
36 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 6767 $3.6k $3.6k 0.00% Reduced -563 -563
37 UBS Group AG 0.00% of their portfolio ZURICH, V8 3434 $1.8k $1.8k 0.00% Reduced -122 -122