Vault-13

ELEVATION SERIES TRUST QBER

TRUESHARES QUART · ETP · CUSIP 210322509

31 institutional holders -1 vs Q2 2025
6,788,7256.8m shares reported held*
$167.3mreported value*
4 new 22 added 4 reduced 4 sold out net bought ≈ $53.2m (+2.2m 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 ≈ $24.64.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

02040Q3 24: 18Q4 24: 31Q1 25: 34Q2 25: 32Q3 25: 3131Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q3 202418
Q4 202431
Q1 202534
Q2 202532
Q3 202531

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 25Q3 25: 26 bought or addedQ3 25: 8 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2024195
Q1 20252210
Q2 2025258
Q3 2025268

Biggest buyers

AE Wealth Management LLC Added +1,090,738+1.1m
TrueMark Investments, LLC Added +423,063+423.1k
Mid-American Wealth Advisory Group, Inc. Added +138,910+138.9k
Lloyd Advisory Services, LLC. Added +124,750+124.8k
Wellment Financial Added +77,332+77.3k
HOWARD BAILEY SECURITIES, LLC Added +73,108+73.1k
LifeWealth Investments, LLC Added +61,462+61.5k
B.O.S.S. Retirement Advisors, LLC Added +60,289+60.3k
SMART Wealth LLC Added +51,185+51.2k
Csenge Advisory Group Added +38,457+38.5k

Biggest sellers

TOUNJIAN ADVISORY PARTNERS, LLC Sold out -75,976-76.0k
GeoWealth Management, LLC Reduced -31,140-31.1k
OLD MISSION CAPITAL LLC Reduced -8,307-8.3k
Park Square Financial Group, LLC Sold out -6,983-7.0k
Elevated Capital Advisors, LLC Reduced -5,491-5.5k
Signal Advisors Wealth, LLC Reduced -5,099-5.1k
Transce3nd, LLC Sold out -3,340-3.3k
Global Retirement Partners, LLC Sold out -143-143

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 AE Wealth Management LLC 0.58% of their portfolio TOPEKA, KS 3,708,9453.7m $91.4m $91.4m 0.58% Added +1.1m +1,090,738
2 TrueMark Investments, LLC 2.35% of their portfolio CHICAGO, IL 547,976548.0k $13.5m $13.5m 2.35% Added +423.1k +423,063
3 Lloyd Advisory Services, LLC. 4.99% of their portfolio SUWANEE, GA 429,999430.0k $10.6m $10.6m 4.99% Added +124.8k +124,750
4 Mid-American Wealth Advisory Group, Inc. 3.51% of their portfolio KANSAS CITY, MO 319,162319.2k $7.9m $7.9m 3.51% Added +138.9k +138,910
5 Wellment Financial 7.14% of their portfolio ELMHURST, IL 244,816244.8k $6.0m $6.0m 7.14% Added +77.3k +77,332
6 B.O.S.S. Retirement Advisors, LLC 1.41% of their portfolio Lehi, UT 239,272239.3k $5.9m $5.9m 1.41% Added +60.3k +60,289
7 HOWARD BAILEY SECURITIES, LLC 1.32% of their portfolio FORT WAYNE, IN 188,436188.4k $4.6m $4.6m 1.32% Added +73.1k +73,108
8 Authentikos Wealth Advisory, LLC 3.06% of their portfolio MORGAN HILL, CA 187,842187.8k $4.6m $4.6m 3.06% Added +7.9k +7,856
9 LifeWealth Investments, LLC 0.69% of their portfolio WINTER GARDEN, FL 183,717183.7k $4.5m $4.5m 0.69% Added +61.5k +61,462
10 SMART Wealth LLC 1.29% of their portfolio Omaha, NE 138,771138.8k $3.4m $3.4m 1.29% Added +51.2k +51,185
11 Outlook Wealth Advisors, LLC 0.67% of their portfolio SHENANDOAH, TX 109,823109.8k $2.7m $2.7m 0.67% Added +30.6k +30,625
12 Csenge Advisory Group 0.11% of their portfolio CLEARWATER, FL 93,19993.2k $2.3m $2.3m 0.11% Added +38.5k +38,457
13 FWG Investments, LLC. 1.53% of their portfolio LEXINGTON, KY 90,81190.8k $2.2m $2.2m 1.53% Added +33.1k +33,128
14 Great Lakes Retirement, Inc. 0.19% of their portfolio SANDUSKY, OH 69,89969.9k $1.7m $1.7m 0.19% Added +20.5k +20,492
15 FSA Advisors, Inc. 1.34% of their portfolio TROY, MI 68,63268.6k $1.7m $1.7m 1.34% Added +27.4k +27,393
16 Elevated Capital Advisors, LLC 0.25% of their portfolio SANDY, UT 40,37940.4k $995.0k $995.0k 0.25% Reduced -5.5k -5,491
17 Quest 10 Wealth Builders, Inc. 0.79% of their portfolio Fuquay-Varina, VA 34,72534.7k $855.6k $855.6k 0.79% Added +11.2k +11,241
18 Kingdom Financial Group LLC. 0.45% of their portfolio PEORIA, AZ 30,10530.1k $741.8k $741.8k 0.45% Added +8.1k +8,105
19 Blackston Financial Advisory Group, LLC 0.35% of their portfolio THE VILLAGES, FL 24,06524.1k $593.0k $593.0k 0.35% Added +7.8k +7,795
20 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 12,10812.1k $298.3k $298.3k 0.01% Reduced -8.3k -8,307
21 Signal Advisors Wealth, LLC 0.02% of their portfolio DETROIT, MI 9,4349.4k $232.5k $232.5k 0.02% Reduced -5.1k -5,099
22 EVOLUTION WEALTH MANAGEMENT INC. 0.23% of their portfolio FORT MYERS, FL 9,1699.2k $225.9k $225.9k 0.23% Added +6.4k +6,437
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,4992.5k $61.6k $61.6k 0.00% New
24 Decker Retirement Planning Inc. 0.02% of their portfolio LEVI, UT 1,4871.5k $36.6k $36.6k 0.02% Added +652 +652
25 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,3001.3k $32.1k $32.1k 0.00% Unchanged
26 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 719719 $17.7k $17.7k 0.00% New
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 518518 $12.8k $12.8k 0.00% New
28 GeoWealth Management, LLC 0.00% of their portfolio CHICAGO, IL 421421 $10.4k $10.4k 0.00% Reduced -31.1k -31,140
29 Richard W. Paul & Associates, LLC 0.00% of their portfolio NOVI, MI 244244 $6.0k $6.0k 0.00% Added +79 +79
30 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 167167 $4.1k $4.1k 0.00% New
31 Pineridge Advisors LLC 0.00% of their portfolio ST. CHARLES, MO 8585 $2.1k $2.1k 0.00% Added +27 +27