Vault-13

ELEVATION SERIES TRUST CBLS

CLOUGH HEDGED EQ · ETP · CUSIP 210322806

7 institutional holders -1 vs Q4 2025
1,324,7681.3m shares reported held*
$38.0mreported value*
0 new 3 added 2 reduced 1 sold out net bought ≈ $3.3m (+116.5k 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 ≈ $28.68.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0510Q1 25: 7Q2 25: 9Q3 25: 7Q4 25: 8Q1 26: 77Q1 25Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q1 20257
Q2 20259
Q3 20257
Q4 20258
Q1 20267

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 25Q4 25: 5 bought or addedQ4 25: 4 cut or sold outQ4 25Q1 26: 3 bought or addedQ1 26: 3 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202534
Q3 202553
Q4 202554
Q1 202633

Calls vs puts

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

CallsPuts
$0$2k$4k$6kQ2 25 calls: $4.5kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —
Numbers
QuarterCallsPutsP/C
Q2 2025$4.5k$00.00
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$0—

Biggest buyers

INSIGNEO ADVISORY SERVICES, LLC Added +113,550+113.5k
Waverly Advisors, LLC Added +20,555+20.6k
Able Wealth Management LLC Added +2,881+2.9k

Biggest sellers

ROYAL BANK OF CANADA Reduced -12,286-12.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -7,505-7.5k
HighTower Advisors, LLC Reduced -739-739

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Waverly Advisors, LLC 0.11% of their portfolio BIRMINGHAM, AL 524,537524.5k $15.1m $15.1m 0.11% Added +20.6k +20,555
2 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 455,369455.4k $13.1m $13.1m 0.01% Reduced -739 -739
3 INSIGNEO ADVISORY SERVICES, LLC 0.61% of their portfolio MIAMI, FL 298,921298.9k $8.6m $8.6m 0.61% Added +113.5k +113,550
4 Ethos Financial Group, LLC 0.03% of their portfolio KING OF PRUSSIA, PA 15,13615.1k $416.2k $416.2k 0.03% Unchanged
5 Alchemi Wealth, LLC 0.22% of their portfolio ESSEX, CT 14,07914.1k $404.1k $404.1k 0.22% Unchanged
6 Able Wealth Management LLC 0.10% of their portfolio Toms River, NJ 13,20413.2k $378.9k $378.9k 0.10% Added +2.9k +2,881
7 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,5223.5k $101.0k $101.0k 0.00% Reduced -12.3k -12,286