Vault-13

BENEFICIENT

COM CLASS A · CUSIP 08178Q309

21 institutional holders +1 vs Q1 2025
1,307,1251.3m shares reported held*
$391.5kreported value*
3 new 3 added 1 reduced 3 sold out net bought ≈ $50.5k (+168.1k 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 ≈ $0.30.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q1 24: 1Q2 24: 12Q3 24: 17Q4 24: 22Q1 25: 20Q2 25: 2121Q1 24Q2 24Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q1 20241
Q2 202412
Q3 202417
Q4 202422
Q1 202520
Q2 202521

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q2 24: 12 bought or addedQ2 24: 1 cut or sold outQ2 24Q3 24: 9 bought or addedQ3 24: 4 cut or sold outQ3 24Q4 24: 9 bought or addedQ4 24: 2 cut or sold outQ4 24Q1 25: 8 bought or addedQ1 25: 5 cut or sold outQ1 25Q2 25: 6 bought or addedQ2 25: 4 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q2 2024121
Q3 202494
Q4 202492
Q1 202585
Q2 202564

Biggest buyers

HRT FINANCIAL LP Added +59,469+59.5k
Virtu Financial LLC New +55,847+55.8k
UBS Group AG Added +38,365+38.4k
CITADEL ADVISORS LLC New +35,870+35.9k
XTX Topco Ltd New +15,819+15.8k
BANK OF AMERICA CORP /DE/ Added +5+5

Biggest sellers

TWO SIGMA SECURITIES, LLC Sold out -37,217-37.2k
Tower Research Capital LLC (TRC) Reduced -8-8
BARCLAYS PLC Sold out -5-5
Transce3nd, LLC Sold out -1-1

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Hatteras Investment Partners, LP 100.00% of their portfolio RALEIGH, NC 562,749562.7k $168.9k $168.9k 100.00% Unchanged
2 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 144,900144.9k $43.5k $43.5k 0.00% Unchanged
3 Ausdal Financial Partners, Inc. 0.00% of their portfolio Davenport, IA 122,879122.9k $36.9k $36.9k 0.00% Unchanged
4 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 75,75775.8k $22.0k $22.0k 0.00% Added +59.5k +59,469
5 HighPoint Advisor Group LLC 0.00% of their portfolio DOWNERS GROVE, IL 61,00061.0k $18.3k $18.3k 0.00% Unchanged
6 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 60,54860.5k $18.2k $18.2k 0.00% Unchanged
7 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 59,55459.6k $17.9k $17.9k 0.00% Unchanged
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 56,11356.1k $16.8k $16.8k 0.00% Added +38.4k +38,365
9 Virtu Financial LLC 0.00% of their portfolio New York, NY 55,84755.8k $17.0k $17.0k 0.00% New
10 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 35,87035.9k $10.8k $10.8k 0.00% New
11 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 24,14924.1k $7.0k $7.0k 0.00% Unchanged
12 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 15,81915.8k $4.7k $4.7k 0.00% New
13 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 12,37812.4k $3.7k $3.7k 0.00% Unchanged
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,1359.1k $2.7k $2.7k 0.00% Unchanged
15 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 5,3345.3k $1.6k $1.6k 0.00% Reduced -8 -8
16 Legacy Investment Solutions, LLC 0.00% of their portfolio BOISE, ID 2,4002.4k $721 $721 0.00% First filing
17 Legacy Wealth Managment, LLC/ID 0.00% of their portfolio BOISE, ID 2,4002.4k $721 $721 0.00% Unchanged
18 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 188188 $56 $56 0.00% Unchanged
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6868 $20 $20 0.00% Added +5 +5
20 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 3737 $11 $11 0.00% Unchanged
21 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged