Vault-13

ALTSHARES TRUST

MERGER ARBITRAGE · CUSIP 02210T108

36 institutional holders +4 vs Q1 2026
3,305,6583.3m shares reported held*
$98.0mreported value*
6 new 13 added 14 reduced 2 sold out net bought ≈ $3.9m (+130.2k 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 ($1.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.63.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 25Q4 22: 25Q1 23: 27Q2 23: 24Q3 23: 25Q4 23: 28Q1 24: 26Q2 24: 32Q3 24: 32Q4 24: 32Q1 25: 33Q2 25: 37Q3 25: 30Q4 25: 30Q1 26: 32Q2 26: 3636Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202225
Q4 202225
Q1 202327
Q2 202324
Q3 202325
Q4 202328
Q1 202426
Q2 202432
Q3 202432
Q4 202432
Q1 202533
Q2 202537
Q3 202530
Q4 202530
Q1 202632
Q2 202636

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 17 bought or addedQ3 24: 13 cut or sold outQ4 24: 19 bought or addedQ4 24: 16 cut or sold outQ4 24Q1 25: 25 bought or addedQ1 25: 10 cut or sold outQ2 25: 20 bought or addedQ2 25: 18 cut or sold outQ2 25Q3 25: 20 bought or addedQ3 25: 15 cut or sold outQ4 25: 21 bought or addedQ4 25: 11 cut or sold outQ4 25Q1 26: 22 bought or addedQ1 26: 13 cut or sold outQ2 26: 19 bought or addedQ2 26: 16 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241713
Q4 20241916
Q1 20252510
Q2 20252018
Q3 20252015
Q4 20252111
Q1 20262213
Q2 20261916

Biggest buyers

New York Life Investment Management LLC Added +133,933+133.9k
Diversify Advisory Services, LLC New +129,033+129.0k
Collaborative Fund Advisors, LLC New +75,953+76.0k
OPPENHEIMER & CO INC New +36,955+37.0k
Dynamic Advisor Solutions LLC Added +16,904+16.9k
ENVESTNET ASSET MANAGEMENT INC Added +16,389+16.4k
GTS SECURITIES LLC Added +9,469+9.5k
Steward Partners Investment Advisory, LLC Added +8,930+8.9k
Cetera Investment Advisers Added +5,411+5.4k
HighTower Advisors, LLC Added +4,321+4.3k

Biggest sellers

CITADEL ADVISORS LLC Reduced -169,686-169.7k
RAYMOND JAMES FINANCIAL INC Reduced -45,790-45.8k
JANE STREET GROUP, LLC Sold out -27,886-27.9k
Sonoma Allocations LLC Reduced -19,759-19.8k
Apollon Wealth Management, LLC Sold out -18,711-18.7k
BANK OF AMERICA CORP /DE/ Reduced -9,826-9.8k
MORGAN STANLEY Reduced -9,826-9.8k
Orion Porfolio Solutions, LLC Reduced -4,644-4.6k
CAPTRUST FINANCIAL ADVISORS Reduced -2,820-2.8k
LPL Financial LLC Reduced -2,638-2.6k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 1.24% of their portfolio NEW YORK, NY 620,587620.6k $18.4m $18.4m 1.24% Reduced -299 -299
2 New York Life Investment Management LLC 0.10% of their portfolio New York, NY 492,634492.6k $14.6m $14.6m 0.10% Added +133.9k +133,933
3 EP Wealth Advisors, LLC 0.04% of their portfolio TORRANCE, CA 395,135395.1k $11.7m $11.7m 0.04% Reduced -851 -851
4 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 260,941260.9k $7.7m $7.7m 0.00% Added +16.4k +16,389
5 Legend Financial Advisors, Inc. 3.18% of their portfolio PITTSBURGH, PA 189,058189.1k $5.6m $5.6m 3.18% Added +1.7k +1,709
6 Orion Porfolio Solutions, LLC 0.04% of their portfolio OMAHA, NE 158,407158.4k $4.7m $4.7m 0.04% Reduced -4.6k -4,644
7 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 145,628145.6k $4.3m $4.3m 0.00% Added +4.3k +4,321
8 Diversify Advisory Services, LLC 0.06% of their portfolio SANDY, UT 129,033129.0k $3.8m $3.8m 0.06% New
9 DIVERSIFY WEALTH MANAGEMENT, LLC 0.06% of their portfolio SANDY, UT 129,033129.0k $3.8m $3.8m 0.06% Added +1.2k +1,174
10 Dynamic Advisor Solutions LLC 0.07% of their portfolio PHOENIX, AZ 88,58988.6k $2.6m $2.6m 0.07% Added +16.9k +16,904
11 PFG Advisors 0.13% of their portfolio Phoenix, AZ 85,85685.9k $2.5m $2.5m 0.13% Reduced -1.3k -1,308
12 Collaborative Fund Advisors, LLC 1.31% of their portfolio RENO, NV 75,95376.0k $2.3m $2.3m 1.31% New
13 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 73,19673.2k $2.2m $2.2m 0.01% Added +8.9k +8,930
14 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 63,58663.6k $1.9m $1.9m 0.02% Unchanged
15 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 59,38659.4k $1.8m $1.8m 0.00% Added +5.4k +5,411
16 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 57,93457.9k $1.7m $1.7m 0.00% Reduced -933 -933
17 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 53,91253.9k $1.6m $1.6m 0.00% Reduced -169.7k -169,686
18 Sonoma Allocations LLC 0.37% of their portfolio SANTA ROSA, CA 39,94139.9k $1.2m $1.2m 0.37% Reduced -19.8k -19,759
19 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 36,95537.0k $1.1m $1.1m 0.01% New
20 Columbus Macro, LLC 0.11% of their portfolio NEW CASTLE, PA 36,67136.7k $1.1m $1.1m 0.11% Added +4.2k +4,166
21 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 31,74231.7k $940.5k $940.5k 0.00% Reduced -2.8k -2,820
22 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 30,12130.1k $892.5k $892.5k 0.00% Reduced -45.8k -45,790
23 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 25,09725.1k $743.6k $743.6k 0.02% Added +9.5k +9,469
24 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 21,21721.2k $628.7k $628.7k 0.00% Added +175 +175
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 20,12320.1k $596.3k $596.3k 0.00% Reduced -9.8k -9,826
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 19,81119.8k $587.0k $587.0k 0.00% Reduced -9.8k -9,826
27 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 14,50114.5k $429.7k $429.7k 0.00% Reduced -2.6k -2,638
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,7805.8k $171.0k $171.0k 0.00% Reduced -876 -876
29 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,8153.8k $113.0k $113.0k 0.00% Added +985 +985
30 Prosperity Bancshares Inc 0.06% of their portfolio Houston, TX 3,0313.0k $89.8k $89.8k 0.06% Added +336 +336
31 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,1941.2k $35.4k $35.4k 0.00% Unchanged
32 Silver Grove Financial Group, Inc. 0.00% of their portfolio ORCHARD PARK, NY 176176 $5.2k $5.2k 0.00% New
33 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 7676 $2.3k $2.3k 0.00% Reduced -37 -37
34 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 5454 $1.6k $1.6k 0.00% Unchanged
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4545 $1.3k $1.3k 0.00% New
36 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 2626 $770 $770 0.00% New