Vault-13

ELEVATION SERIES TRUST CBLS

CLOUGH HEDGED EQ · ETP · CUSIP 210322806

7 institutional holders -2 vs Q2 2025
1,092,8551.1m shares reported held*
$31.4mreported value*
1 new 4 added 1 reduced 2 sold out net bought ≈ $429.2k (+14.9k 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. Holder counts are more reliable. Implied quarter-end price ≈ $28.75.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0510Q1 25: 7Q2 25: 9Q3 25: 77Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q1 20257
Q2 20259
Q3 20257

Buyers vs sellers

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

Bought or addedCut or sold out
505Q2 25: 3 bought or addedQ2 25: 4 cut or sold outQ2 25Q3 25: 5 bought or addedQ3 25: 3 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q2 202534
Q3 202553

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2k$4k$6kQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $4.5kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$4.5k$00.00
Q3 2025$0$0—

Biggest buyers

HighTower Advisors, LLC Added +20,192+20.2k
MERCER GLOBAL ADVISORS INC /ADV New +13,844+13.8k
ROYAL BANK OF CANADA Added +12,637+12.6k
Waverly Advisors, LLC Added +8,472+8.5k
Able Wealth Management LLC Added +2,158+2.2k

Biggest sellers

CIBC WORLD MARKET INC. Sold out -40,000-40.0k
UBS Group AG Reduced -1,850-1.9k
RAYMOND JAMES FINANCIAL INC Sold out -523-523

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 536,654536.7k $15.4m $15.4m 0.02% Added +20.2k +20,192
2 Waverly Advisors, LLC 0.14% of their portfolio BIRMINGHAM, AL 503,671503.7k $14.5m $14.5m 0.14% Added +8.5k +8,472
3 Ethos Financial Group, LLC 0.04% of their portfolio KING OF PRUSSIA, PA 16,06816.1k $462.0k $462.0k 0.04% Unchanged
4 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 13,84413.8k $398.0k $398.0k 0.00% New
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 13,17513.2k $379.0k $379.0k 0.00% Added +12.6k +12,637
6 Able Wealth Management LLC 0.10% of their portfolio Toms River, NJ 9,2459.2k $265.8k $265.8k 0.10% Added +2.2k +2,158
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 198198 $5.7k $5.7k 0.00% Reduced -1.9k -1,850