Vault-13

ELEVATION SERIES TRUST QBER

TRUESHARES QUART · ETP · CUSIP 210322509

32 institutional holders -2 vs Q1 2025
4,628,1774.6m shares reported held*
$114.2mreported value*
2 new 23 added 2 reduced 6 sold out net bought ≈ $9.1m (+368.5k 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 ≈ $24.67.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

02040Q3 24: 18Q4 24: 31Q1 25: 34Q2 25: 3232Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 202418
Q4 202431
Q1 202534
Q2 202532

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 24: 19 bought or addedQ4 24: 5 cut or sold outQ4 24Q1 25: 22 bought or addedQ1 25: 10 cut or sold outQ1 25Q2 25: 25 bought or addedQ2 25: 8 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 2024195
Q1 20252210
Q2 2025258

Biggest buyers

AE Wealth Management LLC Added +875,051+875.1k
Lloyd Advisory Services, LLC. Added +111,720+111.7k
B.O.S.S. Retirement Advisors, LLC Added +72,089+72.1k
Wellment Financial Added +55,609+55.6k
TrueMark Investments, LLC Added +54,497+54.5k
LifeWealth Investments, LLC Added +53,328+53.3k
Authentikos Wealth Advisory, LLC Added +51,686+51.7k
HOWARD BAILEY SECURITIES, LLC Added +38,090+38.1k
SMART Wealth LLC Added +28,201+28.2k
Outlook Wealth Advisors, LLC Added +25,321+25.3k

Biggest sellers

49 WEALTH MANAGEMENT, LLC Sold out -1,140,664-1.1m
POM Investment Strategies, LLC Sold out -5,781-5.8k
Lord & Richards Wealth Management, LLC Sold out -5,141-5.1k
TOUNJIAN ADVISORY PARTNERS, LLC Reduced -2,330-2.3k
Capital A Wealth Management, LLC Sold out -627-627
Pineridge Advisors LLC Reduced -463-463
New Millennium Group LLC Sold out -33-33
MORGAN STANLEY Sold out -10-10

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 AE Wealth Management LLC 0.47% of their portfolio TOPEKA, KS 2,618,2072.6m $64.6m $64.6m 0.47% Added +875.1k +875,051
2 Lloyd Advisory Services, LLC. 3.64% of their portfolio SUWANEE, GA 305,249305.2k $7.5m $7.5m 3.64% Added +111.7k +111,720
3 Mid-American Wealth Advisory Group, Inc. 2.12% of their portfolio KANSAS CITY, MO 180,252180.3k $4.4m $4.4m 2.12% Added +13.5k +13,547
4 Authentikos Wealth Advisory, LLC 3.09% of their portfolio MORGAN HILL, CA 179,986180.0k $4.4m $4.4m 3.09% Added +51.7k +51,686
5 B.O.S.S. Retirement Advisors, LLC 1.11% of their portfolio Lehi, UT 178,983179.0k $4.4m $4.4m 1.11% Added +72.1k +72,089
6 Wellment Financial 5.31% of their portfolio ELMHURST, IL 167,484167.5k $4.1m $4.1m 5.31% Added +55.6k +55,609
7 TrueMark Investments, LLC 0.67% of their portfolio CHICAGO, IL 124,913124.9k $3.1m $3.1m 0.67% Added +54.5k +54,497
8 LifeWealth Investments, LLC 0.52% of their portfolio WINTER GARDEN, FL 122,255122.3k $3.0m $3.0m 0.52% Added +53.3k +53,328
9 HOWARD BAILEY SECURITIES, LLC 0.88% of their portfolio FORT WAYNE, IN 115,328115.3k $2.8m $2.8m 0.88% Added +38.1k +38,090
10 SMART Wealth LLC 0.68% of their portfolio Omaha, NE 87,58687.6k $2.2m $2.2m 0.68% Added +28.2k +28,201
11 Outlook Wealth Advisors, LLC 0.50% of their portfolio SHENANDOAH, TX 79,19879.2k $2.0m $2.0m 0.50% Added +25.3k +25,321
12 TOUNJIAN ADVISORY PARTNERS, LLC 0.36% of their portfolio FORT MYERS, FL 75,97676.0k $1.9m $1.9m 0.36% Reduced -2.3k -2,330
13 FWG Investments, LLC. 1.08% of their portfolio LEXINGTON, KY 57,68357.7k $1.4m $1.4m 1.08% Added +22.8k +22,822
14 Csenge Advisory Group 0.07% of their portfolio CLEARWATER, FL 54,74254.7k $1.4m $1.4m 0.07% Added +23.1k +23,088
15 Great Lakes Retirement, Inc. 0.14% of their portfolio SANDUSKY, OH 49,40749.4k $1.2m $1.2m 0.14% Added +12.1k +12,061
16 Elevated Capital Advisors, LLC 0.32% of their portfolio SANDY, UT 45,87045.9k $1.1m $1.1m 0.32% Unchanged
17 FSA Advisors, Inc. 0.83% of their portfolio TROY, MI 41,23941.2k $1.0m $1.0m 0.83% Added +18.8k +18,838
18 GeoWealth Management, LLC 0.03% of their portfolio CHICAGO, IL 31,56131.6k $778.6k $778.6k 0.03% Added +3.2k +3,168
19 Quest 10 Wealth Builders, Inc. 0.56% of their portfolio Fuquay-Varina, VA 23,48423.5k $579.4k $579.4k 0.56% Added +10.0k +10,023
20 Kingdom Financial Group LLC. 0.47% of their portfolio PEORIA, AZ 22,00022.0k $542.7k $542.7k 0.47% New
21 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 20,41520.4k $503.6k $503.6k 0.01% Added +4.0k +4,041
22 Blackston Financial Advisory Group, LLC 0.25% of their portfolio THE VILLAGES, FL 16,27016.3k $401.4k $401.4k 0.25% Added +6.7k +6,665
23 Signal Advisors Wealth, LLC 0.03% of their portfolio DETROIT, MI 14,53314.5k $358.5k $358.5k 0.03% New
24 Park Square Financial Group, LLC 0.12% of their portfolio ROSWELL, GA 6,9837.0k $172.3k $172.3k 0.12% Added +5.2k +5,190
25 Transce3nd, LLC 0.03% of their portfolio BUDA, TX 3,3403.3k $82.4k $82.4k 0.03% Added +1.3k +1,317
26 EVOLUTION WEALTH MANAGEMENT INC. 0.08% of their portfolio FORT MYERS, FL 2,7322.7k $67.4k $67.4k 0.08% First filing
27 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,3001.3k $32.1k $32.1k 0.00% Unchanged
28 Decker Retirement Planning Inc. 0.01% of their portfolio LEVI, UT 835835 $20.6k $20.6k 0.01% Added +587 +587
29 Richard W. Paul & Associates, LLC 0.00% of their portfolio NOVI, MI 165165 $4.1k $4.1k 0.00% Added +65 +65
30 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 143143 $3.5k $3.5k 0.00% First filing
31 Pineridge Advisors LLC 0.00% of their portfolio ST. CHARLES, MO 5858 $1.4k $1.4k 0.00% Reduced -463 -463
32 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged