Vault-13

ADVISORS INNER CIRCLE FD III DEMZ

DEMCRATIC LG ETF · ETP · CUSIP 00774Q346

26 institutional holders +3 vs Q1 2026
338,266338.3k shares reported held*
$16.1mreported value*
5 new 6 added 2 reduced 1 sold out net bought ≈ $4.3m (+89.9k 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 ≈ $47.72.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 7Q4 22: 7Q1 23: 11Q2 23: 8Q3 23: 10Q4 23: 15Q1 24: 13Q2 24: 15Q3 24: 15Q4 24: 20Q1 25: 17Q2 25: 18Q3 25: 17Q4 25: 24Q1 26: 23Q2 26: 2626Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q3 202517
Q4 202524
Q1 202623
Q2 202626

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 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 25Q3 25: 4 bought or addedQ3 25: 5 cut or sold outQ4 25: 7 bought or addedQ4 25: 6 cut or sold outQ4 25Q1 26: 10 bought or addedQ1 26: 12 cut or sold outQ2 26: 11 bought or addedQ2 26: 3 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202433
Q4 202464
Q1 2025108
Q2 202583
Q3 202545
Q4 202576
Q1 20261012
Q2 2026113

Biggest buyers

Envestnet Portfolio Solutions, Inc. Added +54,246+54.2k
OSAIC HOLDINGS, INC. Added +24,420+24.4k
Parallel Advisors, LLC New +4,968+5.0k
First Heartland Consultants, Inc. New +4,800+4.8k
BROWN ADVISORY INC New +4,309+4.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +1,506+1.5k
Arax Advisory Partners New +1,030+1.0k
HARBOUR INVESTMENTS, INC. Added +118+118
FMR LLC Added +98+98
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO New +76+76

Biggest sellers

TWO SIGMA INVESTMENTS, LP Sold out -5,600-5.6k
CITADEL ADVISORS LLC Reduced -89-89
ROYAL BANK OF CANADA Reduced -18-18

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Envestnet Portfolio Solutions, Inc. 0.04% of their portfolio BERWYN, PA 158,754158.8k $7.6m $7.6m 0.04% Added +54.2k +54,246
2 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 56,80256.8k $2.7m $2.7m 0.00% Unchanged
3 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 27,28027.3k $1.3m $1.3m 0.00% Added +24.4k +24,420
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 14,98415.0k $715.4k $715.4k 0.00% Added +1.5k +1,506
5 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 14,04614.0k $670.6k $670.6k 0.00% Reduced -89 -89
6 MCF Advisors LLC 0.02% of their portfolio LEXINGTON, KY 10,76810.8k $514.1k $514.1k 0.02% Added +3 +3
7 Accordant Advisory Group Inc 0.33% of their portfolio ANNAPOLIS, MD 10,40010.4k $496.5k $496.5k 0.33% Unchanged
8 Laird Norton Wetherby Trust Company, LLC 0.01% of their portfolio Seattle, WA 7,9908.0k $381.5k $381.5k 0.01% Unchanged
9 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5,7545.8k $274.7k $274.7k 0.00% Added +118 +118
10 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,9685.0k $237.2k $237.2k 0.00% New
11 First Heartland Consultants, Inc. 0.01% of their portfolio LAKE ST. LOUIS, MO 4,8004.8k $229.2k $229.2k 0.01% New
12 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 4,3094.3k $205.7k $205.7k 0.00% New
13 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 4,0054.0k $191.2k $191.2k 0.01% Unchanged
14 STEPH & CO 0.04% of their portfolio MARINETTE, WI 3,6723.7k $175.3k $175.3k 0.04% Unchanged
15 Bank of New Hampshire 0.04% of their portfolio LACONIA, NH 3,6253.6k $173.1k $173.1k 0.04% Unchanged
16 FMR LLC 0.00% of their portfolio BOSTON, MA 1,4991.5k $71.6k $71.6k 0.00% Added +98 +98
17 Financially Speaking Inc 0.21% of their portfolio GREENWOOD VILLAGE, CO 1,0581.1k $42.5k $42.5k 0.21% Unchanged
18 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 1,0301.0k $49.2k $49.2k 0.00% New
19 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 533533 $25.0k $25.0k 0.00% Reduced -18 -18
20 Johnson Financial Group, Inc. 0.00% of their portfolio RACINE, WI 437437 $20.9k $20.9k 0.00% Unchanged
21 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 399399 $19.0k $19.0k 0.00% Unchanged
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 362362 $17.3k $17.3k 0.00% Unchanged
23 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 361361 $17.2k $17.2k 0.00% Unchanged
24 Godfrey Financial Associates, Inc. 0.01% of their portfolio GLENMONT, NY 178178 $8.5k $8.5k 0.01% Unchanged
25 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 176176 $8.4k $8.4k 0.00% Unchanged
26 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 7676 $3.6k $3.6k 0.00% New