Vault-13

ADVISORS INNER CIRCLE FD III DEMZ

DEMCRATIC LG ETF · ETP · CUSIP 00774Q346

18 institutional holders +1 vs Q1 2025
270,299270.3k shares reported held*
$10.5mreported value*
2 new 6 added 2 reduced 1 sold out net bought ≈ $3.0m (+76.4k 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 ≈ $38.96.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 7Q4 22: 7Q1 23: 11Q2 23: 8Q3 23: 10Q4 23: 15Q1 24: 13Q2 24: 15Q3 24: 15Q4 24: 20Q1 25: 17Q2 25: 1818Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20227
Q4 20227
Q1 202311
Q2 20238
Q3 202310
Q4 202315
Q1 202413
Q2 202415
Q3 202415
Q4 202420
Q1 202517
Q2 202518

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q3 23: 3 bought or addedQ3 23: 0 cut or sold outQ4 23: 6 bought or addedQ4 23: 2 cut or sold outQ4 23Q1 24: 6 bought or addedQ1 24: 4 cut or sold outQ2 24: 2 bought or addedQ2 24: 6 cut or sold outQ2 24Q3 24: 3 bought or addedQ3 24: 3 cut or sold outQ4 24: 6 bought or addedQ4 24: 4 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 8 cut or sold outQ2 25: 8 bought or addedQ2 25: 3 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202330
Q4 202362
Q1 202464
Q2 202426
Q3 202433
Q4 202464
Q1 2025108
Q2 202583

Biggest buyers

OSAIC HOLDINGS, INC. Added +74,533+74.5k
WINNACLE WEALTH LLC New +10,400+10.4k
AdvisorNet Financial, Inc Added +2,340+2.3k
Financially Speaking Inc New +1,274+1.3k
ROYAL BANK OF CANADA Added +900+900
CWM, LLC Added +333+333
STEPH & CO Added +150+150
MCF Advisors LLC Added +82+82

Biggest sellers

Envestnet Portfolio Solutions, Inc. Reduced -7,561-7.6k
CITADEL ADVISORS LLC Sold out -6,038-6.0k
MORGAN STANLEY Reduced -11-11

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 107,831107.8k $4.2m $4.2m 0.01% Added +74.5k +74,533
2 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 57,68457.7k $2.2m $2.2m 0.01% Reduced -7.6k -7,561
3 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 56,23856.2k $2.2m $2.2m 0.00% Unchanged
4 MCF Advisors LLC 0.03% of their portfolio LEXINGTON, KY 11,20911.2k $436.7k $436.7k 0.03% Added +82 +82
5 Accordant Advisory Group Inc 0.30% of their portfolio ANNAPOLIS, MD 10,40010.4k $405.2k $405.2k 0.30% Unchanged
6 WINNACLE WEALTH LLC 0.30% of their portfolio WACO, TX 10,40010.4k $405.2k $405.2k 0.30% New
7 STEPH & CO 0.05% of their portfolio MARINETTE, WI 4,1884.2k $163.2k $163.2k 0.05% Added +150 +150
8 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 3,9604.0k $154.3k $154.3k 0.01% Added +2.3k +2,340
9 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2,2612.3k $88.1k $88.1k 0.00% Unchanged
10 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,4081.4k $55.0k $55.0k 0.00% Added +333 +333
11 Financially Speaking Inc 0.03% of their portfolio GREENWOOD VILLAGE, CO 1,2741.3k $49.6k $49.6k 0.03% New
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,1521.2k $44.0k $44.0k 0.00% Added +900 +900
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 674674 $26.3k $26.3k 0.00% Reduced -11 -11
14 Mendota Financial Group, LLC 0.02% of their portfolio MADISON, WI 669669 $26.1k $26.1k 0.02% Unchanged
15 Johnson Financial Group, Inc. 0.00% of their portfolio RACINE, WI 437437 $17.0k $17.0k 0.00% Unchanged
16 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 340340 $13.2k $13.2k 0.00% Unchanged
17 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 174174 $6.8k $6.8k 0.00% Unchanged
18 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged