Vault-13

BLACKROCK ETF TRUST BDVL

DISCIPLINED VOLA · ETP · CUSIP 09290C715

80 institutional holders +10 vs Q3 2025
69,705,67969.7m shares reported held*
$1.7bnreported value*
11 new 39 added 21 reduced 7 sold out net bought ≈ $96.5m (+3.9m 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.81.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q2 25: 1Q3 25: 70Q4 25: 8080Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q2 20251
Q3 202570
Q4 202580

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 25: 70 bought or addedQ3 25: 0 cut or sold outQ3 25Q4 25: 50 bought or addedQ4 25: 28 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q3 2025700
Q4 20255028

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +2,735,095+2.7m
LPL Financial LLC Added +1,567,082+1.6m
WELLS FARGO & COMPANY/MN Added +1,497,109+1.5m
MML INVESTORS SERVICES, LLC Added +903,395+903.4k
Cetera Investment Advisers Added +229,269+229.3k
PARK AVENUE SECURITIES LLC Added +130,950+130.9k
Envestnet Portfolio Solutions, Inc. Added +130,801+130.8k
NorthRock Partners, LLC Added +110,661+110.7k
GTS SECURITIES LLC New +68,685+68.7k
Orion Porfolio Solutions, LLC Added +58,996+59.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -3,443,137-3.4m
JANE STREET GROUP, LLC Reduced -252,377-252.4k
Integrated Wealth Concepts LLC Reduced -140,502-140.5k
AMERIPRISE FINANCIAL INC Reduced -93,283-93.3k
OSAIC HOLDINGS, INC. Reduced -58,886-58.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -35,703-35.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -21,491-21.5k
Private Advisor Group, LLC Reduced -18,090-18.1k
Smartleaf Asset Management LLC Reduced -17,727-17.7k
UBS Group AG Sold out -6,233-6.2k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 0.24% of their portfolio Berwyn, PA 32,461,09832.5m $805.2m $805.2m 0.24% Added +2.7m +2,735,095
2 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 11,561,98511.6m $286.8m $286.8m 0.08% Added +1.6m +1,567,082
3 MML INVESTORS SERVICES, LLC 0.44% of their portfolio SPRINGFIELD, MA 7,273,4247.3m $180.4m $180.4m 0.44% Added +903.4k +903,395
4 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,496,3333.5m $86.7m $86.7m 0.01% Reduced -3.4m -3,443,137
5 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 2,678,1772.7m $66.4m $66.4m 0.07% Added +229.3k +229,269
6 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 2,210,2512.2m $54.8m $54.8m 0.03% Reduced -21.5k -21,491
7 PARK AVENUE SECURITIES LLC 0.45% of their portfolio NEW YORK, NY 2,122,2932.1m $52.6m $52.6m 0.45% Added +130.9k +130,950
8 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,812,5111.8m $45.0m $45.0m 0.01% Added +1.5m +1,497,109
9 WBH ADVISORY INC 1.45% of their portfolio BALTIMORE, MD 791,606791.6k $19.6m $19.6m 1.45% Added +10.6k +10,567
10 Envestnet Portfolio Solutions, Inc. 0.07% of their portfolio BERWYN, PA 752,557752.6k $18.7m $18.7m 0.07% Added +130.8k +130,801
11 Sequoia Financial Advisors, LLC 0.07% of their portfolio Akron, OH 520,187520.2k $12.9m $12.9m 0.07% Added +17.5k +17,468
12 NorthRock Partners, LLC 0.18% of their portfolio MINNEAPOLIS, MN 426,717426.7k $10.6m $10.6m 0.18% Added +110.7k +110,661
13 Waverly Advisors, LLC 0.07% of their portfolio BIRMINGHAM, AL 323,822323.8k $8.0m $8.0m 0.07% Added +30.0k +29,995
14 Invst, LLC 0.87% of their portfolio INDIANAPOLIS, IN 321,064321.1k $8.0m $8.0m 0.87% Added +24.4k +24,381
15 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 307,420307.4k $7.6m $7.6m 0.04% Added +45.9k +45,946
16 Beacon Bridge Wealth Partners, LLC 1.79% of their portfolio LOWER GWYNEDD, PA 216,744216.7k $5.4m $5.4m 1.79% Added +35.0k +34,953
17 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 214,766214.8k $5.3m $5.3m 0.01% Reduced -58.9k -58,886
18 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 186,842186.8k $4.6m $4.6m 0.01% Added +10.6k +10,611
19 Regal Investment Advisors LLC 0.24% of their portfolio KENTWOOD, MI 162,642162.6k $4.0m $4.0m 0.24% Added +6.5k +6,528
20 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 144,314144.3k $3.6m $3.6m 0.01% Added +32.5k +32,521
21 Magnus Financial Group LLC 0.26% of their portfolio NEW YORK, NY 134,769134.8k $3.3m $3.3m 0.26% Added +2.7k +2,725
22 SILVERLAKE WEALTH MANAGEMENT LLC 0.75% of their portfolio WILLISTON, VT 134,463134.5k $3.3m $3.3m 0.75% Added +6.5k +6,452
23 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 86,53686.5k $2.1m $2.1m 0.02% Added +59.0k +58,996
24 RDA Financial Network 0.46% of their portfolio AKRON, IA 76,82176.8k $1.9m $1.9m 0.46% Added +10.1k +10,148
25 WEALTHGARDEN F.S. LLC 1.26% of their portfolio EL SEGUNDO, CA 75,63975.6k $1.9m $1.9m 1.26% Added +5.5k +5,508
26 Strategic Blueprint, LLC 0.10% of their portfolio ATLANTA, GA 70,75270.8k $1.8m $1.8m 0.10% Added +4.3k +4,309
27 GTS SECURITIES LLC 0.06% of their portfolio NEW YORK, NY 68,68568.7k $1.7m $1.7m 0.06% New
28 Archer Investment Management, LLC 0.79% of their portfolio AUSTIN, TX 58,95959.0k $1.5m $1.5m 0.79% New
29 GeoWealth Management, LLC 0.05% of their portfolio CHICAGO, IL 56,80756.8k $1.4m $1.4m 0.05% Reduced -3.1k -3,072
30 Transamerica Financial Advisors, LLC 0.11% of their portfolio CEDAR RAPIDS, IA 52,86552.9k $1.3m $1.3m 0.11% Added +21.3k +21,347
31 Milestone Asset Management Group, LLC 0.69% of their portfolio AVON, CT 49,24049.2k $1.2m $1.2m 0.69% Added +626 +626
32 Two West Capital Advisors LLC 0.66% of their portfolio Overland Park, KS 45,76945.8k $1.1m $1.1m 0.66% Added +27.0k +27,003
33 WCG Wealth Advisors LLC 0.03% of their portfolio LAS VEGAS, NV 43,20343.2k $1.1m $1.1m 0.03% Reduced -3.6k -3,623
34 Claro Advisors Inc. 0.15% of their portfolio BOSTON, MA 43,19443.2k $1.1m $1.1m 0.15% Reduced -5.0k -4,952
35 Modern Wealth Management, LLC 0.02% of their portfolio KANSAS CITY, MO 42,91442.9k $1.1m $1.1m 0.02% New
36 OneAscent Financial Services LLC 0.10% of their portfolio BIRMINGHAM, AL 42,57642.6k $1.1m $1.1m 0.10% New
37 Focus Partners Advisor Solutions, LLC 0.01% of their portfolio SAINT LOUIS, MO 35,95536.0k $891.9k $891.9k 0.01% New
38 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 35,76435.8k $887.1k $887.1k 0.00% Reduced -252.4k -252,377
39 LongView Wealth Management 0.21% of their portfolio ATLANTA, GA 34,16234.2k $858.3k $858.3k 0.21% Added +19.7k +19,741
40 Aptus Capital Advisors, LLC 0.01% of their portfolio FAIRHOPE, AL 30,97731.0k $768.4k $768.4k 0.01% Added +658 +658
41 MSH Capital Advisors LLC 0.16% of their portfolio SCOTTSDALE, AZ 30,39930.4k $754.1k $754.1k 0.16% Added +1.8k +1,780
42 B. Riley Wealth Advisors, Inc. 0.03% of their portfolio MEMPHIS, TN 28,34028.3k $703.0k $703.0k 0.03% Added +4.7k +4,676
43 BlackRock, Inc. 0.00% of their portfolio New York, NY 27,96728.0k $693.7k $693.7k 0.00% Reduced -504 -504
44 Legacy Edge Advisors, LLC 0.07% of their portfolio SYOSSET, NY 27,05727.1k $671.1k $671.1k 0.07% Added +168 +168
45 Elevated Financial Group LLC 0.22% of their portfolio INDIANAPOLIS, IN 26,03126.0k $645.7k $645.7k 0.22% First filing
46 Fortis Advisors, LLC 0.35% of their portfolio WAYNE, PA 25,84025.8k $641.0k $641.0k 0.35% New
47 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 24,07324.1k $597.1k $597.1k 0.00% Reduced -93.3k -93,283
48 OneAscent Family Office, LLC 0.38% of their portfolio BIRMINGHAM, AL 22,79222.8k $565.4k $565.4k 0.38% Added +620 +620
49 Richmond Investment Services, LLC 0.10% of their portfolio Mequon, WI 22,38122.4k $555.2k $555.2k 0.10% Added +6.1k +6,083
50 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 22,32822.3k $553.8k $553.8k 0.00% Added +662 +662
51 Sunbelt Securities, Inc. 0.04% of their portfolio HOUSTON, TX 22,18422.2k $550.3k $550.3k 0.04% Added +1.1k +1,096
52 Resurgent Financial Advisors LLC 0.27% of their portfolio ATLANTA, GA 21,85621.9k $542.1k $542.1k 0.27% Added +533 +533
53 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 20,63420.6k $511.8k $511.8k 0.00% Unchanged
54 Financial Sense Advisors, Inc. 0.09% of their portfolio SAN DIEGO, CA 19,73619.7k $489.6k $489.6k 0.09% Reduced -341 -341
55 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 19,40819.4k $481.4k $481.4k 0.01% Reduced -607 -607
56 Advyzon Investment Management, LLC 0.05% of their portfolio LISLE, IL 18,89018.9k $468.6k $468.6k 0.05% New
57 Vantus Wealth LLC 0.35% of their portfolio LANCASTER, PA 18,89018.9k $468.6k $468.6k 0.35% First filing
58 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 18,87118.9k $468.1k $468.1k 0.00% Reduced -18.1k -18,090
59 Cadia Private Client LLC 0.34% of their portfolio PARSIPPANY, NJ 17,32017.3k $429.6k $429.6k 0.34% First filing
60 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 16,00816.0k $397.1k $397.1k 0.00% Reduced -140.5k -140,502
61 Ausdal Financial Partners, Inc. 0.02% of their portfolio Davenport, IA 13,04113.0k $323.5k $323.5k 0.02% Added +985 +985
62 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 11,20011.2k $277.8k $277.8k 0.00% New
63 Aegis Wealth Management, Inc. 0.19% of their portfolio Guthrie Center, IA 9,5339.5k $236.5k $236.5k 0.19% First filing
64 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 9,2669.3k $229.8k $229.8k 0.02% New
65 Elevation Wealth Management LLC 0.22% of their portfolio EDEN PRAIRIE, MN 9,2319.2k $229.0k $229.0k 0.22% First filing
66 Valmark Advisers, Inc. 0.00% of their portfolio AKRON, OH 8,9288.9k $221.5k $221.5k 0.00% Reduced -358 -358
67 FIDUCIARY FAMILY OFFICE, LLC 0.06% of their portfolio Boca Raton, FL 8,7408.7k $216.8k $216.8k 0.06% Reduced -65 -65
68 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 7,6797.7k $190.5k $190.5k 0.00% Reduced -1.3k -1,280
69 FMR LLC 0.00% of their portfolio BOSTON, MA 5,7765.8k $143.3k $143.3k 0.00% Reduced -879 -879
70 Smartleaf Asset Management LLC 0.01% of their portfolio BOSTON, MA 5,7505.8k $143.1k $143.1k 0.01% Reduced -17.7k -17,727
71 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,2205.2k $129.5k $129.5k 0.00% Added +2.6k +2,598
72 Park Place Capital Corp 0.02% of their portfolio Homewood, AL 4,5724.6k $113.4k $113.4k 0.02% Added +48 +48
73 Signature Equity Partners, LLC 0.05% of their portfolio COLUMBUS, OH 3,3133.3k $82.2k $82.2k 0.05% First filing
74 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 2,3822.4k $59.1k $59.1k 0.00% Reduced -324 -324
75 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,0052.0k $50.7k $50.7k 0.00% New
76 Cornerstone Planning Group LLC 0.01% of their portfolio FAIRFIELD, NJ 1,8541.9k $47.0k $47.0k 0.01% Unchanged
77 CWM, LLC 0.00% of their portfolio OMAHA, NE 659659 $16.0k $16.0k 0.00% New
78 AMERIFLEX GROUP, INC. 0.01% of their portfolio LAS VEGAS, NV 530530 $13.2k $13.2k 0.01% Reduced -502 -502
79 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 171171 $4.2k $4.2k 0.00% Reduced -5.0k -5,007
80 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 5959 $1.5k $1.5k 0.00% Unchanged