Vault-13

ELEVATION SERIES TRUST QBER

TRUESHARES QUART · ETP · CUSIP 210322509

31 institutional holders +0 vs Q3 2025
5,684,4305.7m shares reported held*
$136.3mreported value*
1 new 3 added 21 reduced 5 sold out net sold ≈ $33.1m (-1.4m 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 ($69.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.97.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

02040Q3 24: 18Q4 24: 31Q1 25: 34Q2 25: 32Q3 25: 31Q4 25: 3131Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q3 202418
Q4 202431
Q1 202534
Q2 202532
Q3 202531
Q4 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 25Q4 25: 4 bought or addedQ4 25: 26 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q4 2024195
Q1 20252210
Q2 2025258
Q3 2025268
Q4 2025426

Biggest buyers

Outlook Wealth Advisors, LLC Added +80,943+80.9k
Mid-American Wealth Advisory Group, Inc. Added +18,154+18.2k
Golden Reserve Retirement LLC New +14,567+14.6k
EVOLUTION WEALTH MANAGEMENT INC. Added +1,186+1.2k

Biggest sellers

AE Wealth Management LLC Reduced -565,716-565.7k
TrueMark Investments, LLC Reduced -423,716-423.7k
B.O.S.S. Retirement Advisors, LLC Reduced -133,380-133.4k
LifeWealth Investments, LLC Reduced -116,640-116.6k
FSA Advisors, Inc. Sold out -68,632-68.6k
HOWARD BAILEY SECURITIES, LLC Reduced -56,030-56.0k
Wellment Financial Reduced -29,422-29.4k
Great Lakes Retirement, Inc. Reduced -22,627-22.6k
Lloyd Advisory Services, LLC. Reduced -22,074-22.1k
OLD MISSION CAPITAL LLC Sold out -12,108-12.1k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 AE Wealth Management LLC 0.43% of their portfolio TOPEKA, KS 3,143,2293.1m $75.3m $75.3m 0.43% Reduced -565.7k -565,716
2 Lloyd Advisory Services, LLC. 3.79% of their portfolio SUWANEE, GA 407,925407.9k $9.8m $9.8m 3.79% Reduced -22.1k -22,074
3 Mid-American Wealth Advisory Group, Inc. 3.42% of their portfolio KANSAS CITY, MO 337,316337.3k $8.1m $8.1m 3.42% Added +18.2k +18,154
4 Wellment Financial 6.06% of their portfolio ELMHURST, IL 215,394215.4k $5.2m $5.2m 6.06% Reduced -29.4k -29,422
5 Outlook Wealth Advisors, LLC 1.03% of their portfolio SHENANDOAH, TX 190,766190.8k $4.6m $4.6m 1.03% Added +80.9k +80,943
6 Authentikos Wealth Advisory, LLC 2.93% of their portfolio MORGAN HILL, CA 185,073185.1k $4.4m $4.4m 2.93% Reduced -2.8k -2,769
7 SMART Wealth LLC 0.97% of their portfolio Omaha, NE 132,716132.7k $3.2m $3.2m 0.97% Reduced -6.1k -6,055
8 HOWARD BAILEY SECURITIES, LLC 1.25% of their portfolio FORT WAYNE, IN 132,406132.4k $3.2m $3.2m 1.25% Reduced -56.0k -56,030
9 TrueMark Investments, LLC 0.57% of their portfolio CHICAGO, IL 124,260124.3k $3.0m $3.0m 0.57% Reduced -423.7k -423,716
10 B.O.S.S. Retirement Advisors, LLC 0.80% of their portfolio Lehi, UT 105,892105.9k $2.5m $2.5m 0.80% Reduced -133.4k -133,380
11 Integrated Wealth Management 2.64% of their portfolio UNIONTOWN, OH 97,82397.8k $2.3m $2.3m 2.64% First filing
12 Csenge Advisory Group 0.10% of their portfolio CLEARWATER, FL 92,91392.9k $2.2m $2.2m 0.10% Reduced -286 -286
13 FWG Investments, LLC. 1.29% of their portfolio LEXINGTON, KY 84,27284.3k $2.0m $2.0m 1.29% Reduced -6.5k -6,539
14 LifeWealth Investments, LLC 0.51% of their portfolio WINTER GARDEN, FL 67,07767.1k $1.6m $1.6m 0.51% Reduced -116.6k -116,640
15 Networth Advisors, LLC 1.03% of their portfolio CANONSBURG, PA 58,34258.3k $1.4m $1.4m 1.03% First filing
16 Aegis Wealth Management, Inc. 1.08% of their portfolio Guthrie Center, IA 57,59857.6k $1.4m $1.4m 1.08% First filing
17 Centennial Advisors, LLC 1.61% of their portfolio AUSTIN, TX 51,78951.8k $1.2m $1.2m 1.61% First filing
18 Great Lakes Retirement, Inc. 0.12% of their portfolio SANDUSKY, OH 47,27247.3k $1.1m $1.1m 0.12% Reduced -22.6k -22,627
19 Elevated Capital Advisors, LLC 0.22% of their portfolio SANDY, UT 39,14339.1k $938.3k $938.3k 0.22% Reduced -1.2k -1,236
20 Quest 10 Wealth Builders, Inc. 0.65% of their portfolio Fuquay-Varina, VA 30,38930.4k $728.4k $728.4k 0.65% Reduced -4.3k -4,336
21 Kingdom Financial Group LLC. 0.16% of their portfolio PEORIA, AZ 21,37921.4k $512.5k $512.5k 0.16% Reduced -8.7k -8,726
22 Blackston Financial Advisory Group, LLC 0.31% of their portfolio THE VILLAGES, FL 20,98621.0k $503.0k $503.0k 0.31% Reduced -3.1k -3,079
23 Golden Reserve Retirement LLC 0.06% of their portfolio DUBLIN, OH 14,56714.6k $349.2k $349.2k 0.06% New
24 Key Capital Management, INC 0.32% of their portfolio HENDERSONVILLE, TN 37075, TN 13,68113.7k $327.9k $327.9k 0.32% First filing
25 EVOLUTION WEALTH MANAGEMENT INC. 0.21% of their portfolio FORT MYERS, FL 10,35510.4k $248.2k $248.2k 0.21% Added +1.2k +1,186
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,3592.4k $56.5k $56.5k 0.00% Reduced -140 -140
27 Decker Retirement Planning Inc. 0.01% of their portfolio LEVI, UT 922922 $22.1k $22.1k 0.01% Reduced -565 -565
28 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 476476 $11.4k $11.4k 0.00% Reduced -243 -243
29 GeoWealth Management, LLC 0.00% of their portfolio CHICAGO, IL 421421 $10.1k $10.1k 0.00% Unchanged
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 366366 $8.8k $8.8k 0.00% Reduced -152 -152
31 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 200200 $4.8k $4.8k 0.00% Reduced -1.1k -1,100