Vault-13

ELEVATION SERIES TRUST SEPZ

TRUESHARES STRUC · ETP · CUSIP 210322798

30 institutional holders +2 vs Q3 2025
1,958,4212.0m shares reported held*
$82.8mreported value*
4 new 7 added 12 reduced 4 sold out net sold ≈ $4.7m (-111.9k 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 ($109.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $42.26.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q2 25: 1Q3 25: 28Q4 25: 3030Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q2 20251
Q3 202528
Q4 202530

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 25: 27 bought or addedQ3 25: 1 cut or sold outQ3 25Q4 25: 11 bought or addedQ4 25: 16 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q3 2025271
Q4 20251116

Biggest buyers

Lloyd Advisory Services, LLC. Added +21,897+21.9k
Outlook Wealth Advisors, LLC Added +8,101+8.1k
Capital Investment Advisory Services, LLC New +7,842+7.8k
SMART Wealth LLC Added +4,497+4.5k
Kestra Advisory Services, LLC New +1,069+1.1k
FWG Investments, LLC. Added +412+412
OSAIC HOLDINGS, INC. Added +200+200
UBS Group AG New +114+114
Csenge Advisory Group Added +103+103
ASSETMARK, INC New +43+43

Biggest sellers

B.O.S.S. Retirement Advisors, LLC Reduced -33,788-33.8k
LifeWealth Investments, LLC Reduced -32,945-32.9k
AE Wealth Management LLC Reduced -20,487-20.5k
TrueMark Investments, LLC Reduced -19,079-19.1k
OLD MISSION CAPITAL LLC Sold out -15,487-15.5k
FSA Advisors, Inc. Sold out -13,335-13.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -8,687-8.7k
HOWARD BAILEY SECURITIES, LLC Reduced -5,928-5.9k
Great Lakes Retirement, Inc. Reduced -2,014-2.0k
Wellment Financial Reduced -1,688-1.7k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 AE Wealth Management LLC 0.25% of their portfolio TOPEKA, KS 1,026,5041.0m $43.4m $43.4m 0.25% Reduced -20.5k -20,487
2 TrueMark Investments, LLC 1.66% of their portfolio CHICAGO, IL 205,207205.2k $8.7m $8.7m 1.66% Reduced -19.1k -19,079
3 Lloyd Advisory Services, LLC. 3.20% of their portfolio SUWANEE, GA 195,472195.5k $8.3m $8.3m 3.20% Added +21.9k +21,897
4 Weaver Consulting Group 0.72% of their portfolio HUNTINGTON BEACH, CA 69,87569.9k $3.0m $3.0m 0.72% Reduced -405 -405
5 SMART Wealth LLC 0.66% of their portfolio Omaha, NE 51,42251.4k $2.2m $2.2m 0.66% Added +4.5k +4,497
6 Valtinson Bruner Financial Planning LLC 0.62% of their portfolio NEW BRIGHTON, MN 51,38351.4k $2.2m $2.2m 0.62% Reduced -1.2k -1,161
7 B.O.S.S. Retirement Advisors, LLC 0.67% of their portfolio Lehi, UT 50,02250.0k $2.1m $2.1m 0.67% Reduced -33.8k -33,788
8 Wellment Financial 2.40% of their portfolio ELMHURST, IL 48,40948.4k $2.0m $2.0m 2.40% Reduced -1.7k -1,688
9 HOWARD BAILEY SECURITIES, LLC 0.76% of their portfolio FORT WAYNE, IN 45,71345.7k $1.9m $1.9m 0.76% Reduced -5.9k -5,928
10 FWG Investments, LLC. 0.89% of their portfolio LEXINGTON, KY 33,21033.2k $1.4m $1.4m 0.89% Added +412 +412
11 LifeWealth Investments, LLC 0.38% of their portfolio WINTER GARDEN, FL 28,55528.6k $1.2m $1.2m 0.38% Reduced -32.9k -32,945
12 Great Lakes Retirement, Inc. 0.11% of their portfolio SANDUSKY, OH 25,43025.4k $1.1m $1.1m 0.11% Reduced -2.0k -2,014
13 Integrated Wealth Management 1.10% of their portfolio UNIONTOWN, OH 23,14923.1k $978.3k $978.3k 1.10% First filing
14 Centennial Advisors, LLC 1.04% of their portfolio AUSTIN, TX 18,87018.9k $797.4k $797.4k 1.04% First filing
15 Outlook Wealth Advisors, LLC 0.16% of their portfolio SHENANDOAH, TX 16,76316.8k $708.4k $708.4k 0.16% Added +8.1k +8,101
16 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 14,71214.7k $621.9k $621.9k 0.00% Added +200 +200
17 Quest 10 Wealth Builders, Inc. 0.45% of their portfolio Fuquay-Varina, VA 11,95011.9k $505.0k $505.0k 0.45% Reduced -84 -84
18 Csenge Advisory Group 0.02% of their portfolio CLEARWATER, FL 11,35911.4k $480.0k $480.0k 0.02% Added +103 +103
19 Kingdom Financial Group LLC. 0.14% of their portfolio PEORIA, AZ 10,65510.7k $450.3k $450.3k 0.14% Reduced -847 -847
20 Capital Investment Advisory Services, LLC 0.02% of their portfolio RALEIGH, NC 7,8427.8k $331.4k $331.4k 0.02% New
21 Networth Advisors, LLC 0.22% of their portfolio CANONSBURG, PA 7,0367.0k $297.3k $297.3k 0.22% First filing
22 DHJJ Financial Advisors, Ltd. 0.03% of their portfolio NAPERVILLE, IL 2,0232.0k $85.5k $85.5k 0.03% Added +10 +10
23 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 1,6781.7k $70.9k $70.9k 0.00% Unchanged
24 Principia Wealth Advisory, LLC 0.03% of their portfolio DALLAS, TX 1,2231.2k $51.7k $51.7k 0.03% Unchanged
25 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,1001.1k $46.5k $46.5k 0.00% Unchanged
26 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 1,0691.1k $45.2k $45.2k 0.00% New
27 Decker Retirement Planning Inc. 0.00% of their portfolio LEVI, UT 156156 $6.6k $6.6k 0.00% Reduced -171 -171
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 114114 $4.8k $4.8k 0.00% New
29 Key Capital Management, INC 0.00% of their portfolio HENDERSONVILLE, TN 37075, TN 7474 $3.1k $3.1k 0.00% First filing
30 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 4343 $1.8k $1.8k 0.00% New