Vault-13

DBX ETF TR HDEF

XTRACK MSCI EAFE · ETP · CUSIP 233051630

136 institutional holders +15 vs Q3 2025
51,858,99651.9m shares reported held*
$1.6bnreported value*
15 new 48 added 41 reduced 8 sold out net sold ≈ $3.7m (+1.0m 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 ≈ $30.32. Options: 1 managers hold calls ($309.9k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 57Q4 22: 65Q1 23: 66Q2 23: 68Q3 23: 75Q4 23: 84Q1 24: 91Q2 24: 96Q3 24: 91Q4 24: 104Q1 25: 108Q2 25: 113Q3 25: 121Q4 25: 136136Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202257
Q4 202265
Q1 202366
Q2 202368
Q3 202375
Q4 202384
Q1 202491
Q2 202496
Q3 202491
Q4 2024104
Q1 2025108
Q2 2025113
Q3 2025121
Q4 2025136

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 55 bought or addedQ1 24: 29 cut or sold outQ2 24: 49 bought or addedQ2 24: 36 cut or sold outQ2 24Q3 24: 41 bought or addedQ3 24: 45 cut or sold outQ4 24: 62 bought or addedQ4 24: 29 cut or sold outQ4 24Q1 25: 45 bought or addedQ1 25: 47 cut or sold outQ2 25: 57 bought or addedQ2 25: 43 cut or sold outQ2 25Q3 25: 71 bought or addedQ3 25: 44 cut or sold outQ4 25: 63 bought or addedQ4 25: 49 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245529
Q2 20244936
Q3 20244145
Q4 20246229
Q1 20254547
Q2 20255743
Q3 20257144
Q4 20256349

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $309.9kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$309.9k$00.00

Biggest buyers

SWS Partners Added +1,125,141+1.1m
WCG Wealth Advisors LLC Added +961,145+961.1k
Allen Investment Management, LLC New +596,285+596.3k
Janney Montgomery Scott LLC Added +326,543+326.5k
LPL Financial LLC Added +226,472+226.5k
TSFG, LLC Added +172,578+172.6k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +112,953+113.0k
BANK OF AMERICA CORP /DE/ Added +105,663+105.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +75,979+76.0k
CITADEL ADVISORS LLC Added +73,634+73.6k

Biggest sellers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -1,780,992-1.8m
Corient Private Wealth LP Reduced -584,294-584.3k
UBS Group AG Reduced -214,056-214.1k
JPMORGAN CHASE & CO Reduced -206,114-206.1k
ENVESTNET ASSET MANAGEMENT INC Reduced -126,012-126.0k
Crossmark Global Holdings, Inc. Sold out -47,703-47.7k
SSI INVESTMENT MANAGEMENT LLC Reduced -41,252-41.3k
Orion Porfolio Solutions, LLC Reduced -30,723-30.7k
Central Pacific Bank - Trust Division Reduced -26,330-26.3k
OSAIC HOLDINGS, INC. Reduced -21,770-21.8k

Biggest calls

JANE STREET GROUP, LLC New $309.9k10.0k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% of their portfolio SAN FRANCISCO, CA 27,590,61927.6m $855.0m $855.0m 0.13% Reduced -1.8m -1,780,992
2 Allworth Financial LP 0.24% of their portfolio FOLSOM, CA 1,871,7291.9m $58.0m $58.0m 0.24% Reduced -21.5k -21,487
3 MERCER GLOBAL ADVISORS INC /ADV 0.09% of their portfolio DENVER, CO 1,835,1071.8m $56.9m $56.9m 0.09% Added +3.3k +3,303
4 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 1,800,5731.8m $55.9m $55.9m 0.08% Added +113.0k +112,953
5 O'Brien Wealth Partners LLC 7.29% of their portfolio Waltham, MA 1,778,1771.8m $55.1m $55.1m 7.29% Reduced -6.8k -6,843
6 WCG Wealth Advisors LLC 1.17% of their portfolio LAS VEGAS, NV 1,341,9021.3m $41.6m $41.6m 1.17% Added +961.1k +961,145
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,285,8471.3m $39.8m $39.8m 0.00% Added +60.3k +60,254
8 SWS Partners 0.94% of their portfolio COLUMBUS, OH 1,254,4231.3m $3.9m $3.9m 0.94% Added +1.1m +1,125,141
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,097,5981.1m $34.0m $34.0m 0.00% Added +105.7k +105,663
10 Geneos Wealth Management Inc. 0.75% of their portfolio ENGLEWOOD, CO 992,462992.5k $30.8m $30.8m 0.75% Added +23.5k +23,547
11 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 873,483873.5k $27.1m $27.1m 0.01% Reduced -3.6k -3,601
12 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 785,991786.0k $24.4m $24.4m 0.01% Added +226.5k +226,472
13 Allen Investment Management, LLC 0.21% of their portfolio NEW YORK, NY 596,285596.3k $18.5m $18.5m 0.21% New
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 548,178548.2k $17.0m $17.0m 0.00% Reduced -214.1k -214,056
15 TSFG, LLC 2.20% of their portfolio LAKE FOREST, IL 475,838475.8k $14.7m $14.7m 2.20% Added +172.6k +172,578
16 COLDSTREAM CAPITAL MANAGEMENT INC 0.18% of their portfolio BELLEVUE, WA 462,730462.7k $14.3m $14.3m 0.18% Added +20.4k +20,407
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 415,862415.9k $12.9m $12.9m 0.00% Added +40.2k +40,221
18 Columbus Macro, LLC 1.36% of their portfolio NEW CASTLE, PA 402,069402.1k $12.5m $12.5m 1.36% Reduced -11.9k -11,950
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 395,864395.9k $12.3m $12.3m 0.00% Reduced -126.0k -126,012
20 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 365,685365.7k $11.3m $11.3m 0.02% Added +15.4k +15,413
21 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 338,763338.8k $10.5m $10.5m 0.02% Added +326.5k +326,543
22 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 334,070334.1k $10.4m $10.4m 0.01% Reduced -10.7k -10,664
23 Valmark Advisers, Inc. 0.12% of their portfolio AKRON, OH 309,433309.4k $9.6m $9.6m 0.12% Added +17.8k +17,822
24 RiverFront Investment Group, LLC 0.16% of their portfolio RICHMOND, VA 308,635308.6k $9.6m $9.6m 0.16% Added +23.8k +23,782
25 Orion Porfolio Solutions, LLC 0.07% of their portfolio OMAHA, NE 304,530304.5k $9.4m $9.4m 0.07% Reduced -30.7k -30,723
26 ETF Portfolio Partners, Inc. 2.36% of their portfolio LEAWOOD, KS 295,184295.2k $9.1m $9.1m 2.36% Added +7.5k +7,506
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 285,354285.4k $8.8m $8.8m 0.00% Reduced -206.1k -206,114
28 White Pine Investment CO 1.85% of their portfolio LIVONIA, MI 252,875252.9k $7.8m $7.8m 1.85% Reduced -317 -317
29 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 204,917204.9k $6.4m $6.4m 0.01% Reduced -2.3k -2,262
30 CSM Advisors, LLC 0.16% of their portfolio WARRENDALE, PA 185,973186.0k $5.8m $5.8m 0.16% Added +42.2k +42,238
31 Aprio Wealth Management, LLC 0.31% of their portfolio ATLANTA, GA 171,549171.5k $5.3m $5.3m 0.31% Added +3.3k +3,336
32 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 155,671155.7k $4.8m $4.8m 0.01% Added +154 +154
33 Paller Financial Services Inc 3.75% of their portfolio CENTENNIAL, CO 150,902150.9k $4.7m $4.7m 3.75% First filing
34 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 149,902149.9k $4.6m $4.6m 0.01% Reduced -17.0k -17,006
35 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 142,701142.7k $4.4m $4.4m 0.00% Added +24.3k +24,281
36 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 115,121115.1k $3.6m $3.6m 0.00% Added +73.6k +73,634
37 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 108,116108.1k $3.4m $3.4m 0.00% Added +63.5k +63,481
38 SSI INVESTMENT MANAGEMENT LLC 0.21% of their portfolio Los Angeles, CA 97,94497.9k $3.0m $3.0m 0.21% Reduced -41.3k -41,252
39 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 95,59895.6k $3.0m $3.0m 0.00% Reduced -9.4k -9,413
40 Indivisible Partners 0.30% of their portfolio CLEARWATER, FL 88,65088.7k $2.7m $2.7m 0.30% First filing
41 REGIONS FINANCIAL CORP 0.02% of their portfolio BIRMINGHAM, AL 80,07380.1k $2.5m $2.5m 0.02% Added +15.6k +15,592
42 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 76,09076.1k $2.4m $2.4m 0.00% Reduced -21.8k -21,770
43 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 75,97976.0k $2.4m $2.4m 0.00% New
44 Tradition Wealth Management, LLC 0.15% of their portfolio EDINA, MN 68,80868.8k $2.1m $2.1m 0.15% Reduced -325 -325
45 Dynamic Advisor Solutions LLC 0.07% of their portfolio PHOENIX, AZ 67,07167.1k $2.1m $2.1m 0.07% Reduced -11.5k -11,522
46 SHEPHERD KAPLAN KROCHUK, LLC 1.71% of their portfolio Boston, MA 66,66566.7k $2.1m $2.1m 1.71% Reduced -985 -985
47 MIdWestOne Financial Group, Inc. 0.19% of their portfolio Iowa City, IA 55,29555.3k $1.7m $1.7m 0.19% Added +1.0k +1,039
48 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 53,07653.1k $1.6m $1.6m 0.00% Added +4.8k +4,805
49 INVESTMENT PARTNERS, LTD. 0.57% of their portfolio NEW PHILADELPHIA, OH 52,14452.1k $1.6m $1.6m 0.57% Reduced -3.2k -3,187
50 Central Pacific Bank - Trust Division 0.19% of their portfolio HONOLULU, HI 50,98051.0k $1.6m $1.6m 0.19% Reduced -26.3k -26,330
51 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 42,58042.6k $1.3m $1.3m 0.00% Reduced -6.4k -6,354
52 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 36,81436.8k $1.1m $1.1m 0.02% Added +1.5k +1,537
53 Mutual Advisors, LLC 0.02% of their portfolio OMAHA, NE 34,27334.3k $1.1m $1.1m 0.02% Reduced -884 -884
54 Mariner, LLC 0.00% of their portfolio Overland Park, KS 33,71033.7k $1.0m $1.0m 0.00% Added +7.6k +7,582
55 AlphaCore Capital LLC 0.02% of their portfolio LA JOLLA, CA 33,26133.3k $1.0m $1.0m 0.02% Reduced -11.2k -11,175
56 IFP Advisors, Inc 0.02% of their portfolio TAMPA, FL 32,16332.2k $996.7k $996.7k 0.02% Added +1.4k +1,443
57 Orgel Wealth Management, LLC 0.02% of their portfolio ALTOONA, WI 29,45929.5k $912.9k $912.9k 0.02% Reduced -1.3k -1,349
58 FMR LLC 0.00% of their portfolio BOSTON, MA 29,00529.0k $898.9k $898.9k 0.00% Added +2.2k +2,228
59 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 28,73528.7k $890.5k $890.5k 0.01% Reduced -200 -200
60 5T Wealth, LLC 0.34% of their portfolio Napa, CA 27,60227.6k $855.4k $855.4k 0.34% Added +5.6k +5,585
61 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 27,53427.5k $853.3k $853.3k 0.00% Reduced -162 -162
62 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 23,98224.0k $743.3k $743.3k 0.00% Reduced -584.3k -584,294
63 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 23,90023.9k $740.7k $740.7k 0.00% First filing
64 Austin Wealth Management, LLC 0.11% of their portfolio Austin, TX 23,67023.7k $731.6k $731.6k 0.11% Added +1.5k +1,539
65 PFG Advisors 0.03% of their portfolio Phoenix, AZ 20,64220.6k $639.7k $639.7k 0.03% Reduced -512 -512
66 NorthCrest Asset Manangement, LLC 0.01% of their portfolio PLYMOUTH, MN 19,22619.2k $598.9k $598.9k 0.01% Added +12.0k +12,021
67 Crescent Grove Advisors, LLC 0.06% of their portfolio LAKE FOREST, IL 18,96819.0k $587.8k $587.8k 0.06% Unchanged
68 Navis Wealth Advisors, LLC 0.23% of their portfolio RYE BROOK, NY 17,80017.8k $551.6k $551.6k 0.23% New
69 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 17,38817.4k $538.9k $538.9k 0.02% Reduced -18.0k -17,960
70 TBH Global Asset Management, LLC 0.09% of their portfolio Brentwood, TN 17,07617.1k $529.2k $529.2k 0.09% New
71 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.06% of their portfolio CONCORD, MA 16,67416.7k $516.7k $516.7k 0.06% Added +6.0k +5,979
72 COMERICA BANK 0.00% of their portfolio DALLAS, TX 16,21216.2k $502.4k $502.4k 0.00% Unchanged
73 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 15,05815.1k $466.6k $466.6k 0.00% Added +4.3k +4,292
74 PERSPECTIVE WEALTH ADVISORS LLC 0.31% of their portfolio LOVELAND, CO 14,20414.2k $440.2k $440.2k 0.31% First filing
75 GDS Wealth Management 0.03% of their portfolio FLOWER MOUND, TX 13,97514.0k $433.1k $433.1k 0.03% Added +1.5k +1,476
76 FOCUSED ALPHA, LLC 0.12% of their portfolio DENVER, CO 13,13613.1k $407.1k $407.1k 0.12% First filing
77 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 12,95213.0k $401.4k $401.4k 0.00% Added +3.6k +3,573
78 FDx Advisors, Inc. 0.20% of their portfolio BERWYN, PA 12,58112.6k $390.0k $390.0k 0.20% Reduced -71 -71
79 Patten Group, Inc. 0.07% of their portfolio CHATTANOOGA, TN 12,33712.3k $382.3k $382.3k 0.07% Added +1.8k +1,811
80 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 12,31912.3k $381.8k $381.8k 0.00% Reduced -1.4k -1,413
81 DeLarme Wealth Management, Inc. 0.27% of their portfolio PALOS VERDES ESTATES, CA 12,25612.3k $379.8k $379.8k 0.27% First filing
82 Headland Capital, LLC 0.11% of their portfolio MT. PLEASANT, SC 12,24112.2k $379.3k $379.3k 0.11% Added +3 +3
83 WETZEL INVESTMENT ADVISORS, INC. 0.15% of their portfolio INDIANAPOLIS, IN 11,87411.9k $368.0k $368.0k 0.15% Added +3.4k +3,357
84 REDW Wealth LLC 0.14% of their portfolio ALBUQUERQUE, NM 11,86011.9k $367.5k $367.5k 0.14% New
85 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.01% of their portfolio Seattle, WA 10,98811.0k $340.5k $340.5k 0.01% Reduced -11.0k -10,991
86 Robertson Stephens Wealth Management, LLC 0.01% of their portfolio San Francisco, CA 10,65510.7k $330.2k $330.2k 0.01% Unchanged
87 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 10,52310.5k $326.1k $326.1k 0.00% Unchanged
88 ENTREWEALTH, LLC 0.15% of their portfolio AUSTIN, TX 10,06810.1k $334.4k $334.4k 0.15% Added +1.1k +1,088
89 Focus Partners Advisor Solutions, LLC 0.00% of their portfolio SAINT LOUIS, MO 9,9349.9k $307.9k $307.9k 0.00% Reduced -9.7k -9,710
90 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9,8109.8k $304.0k $304.0k 0.00% Added +45 +45
91 Sovran Advisors, LLC 0.02% of their portfolio SAN DIEGO, CA 9,3389.3k $289.9k $289.9k 0.02% Reduced -1.5k -1,537
92 Bernicke Wealth Management, Ltd. 0.03% of their portfolio ALTOONA, WI 8,6678.7k $268.6k $268.6k 0.03% First filing
93 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 8,5648.6k $265.4k $265.4k 0.00% Added +1.2k +1,179
94 MONECO ADVISORS, LLC 0.02% of their portfolio FAIRFIELD, CT 8,5118.5k $263.8k $263.8k 0.02% Unchanged
95 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 8,3248.3k $258.0k $258.0k 0.00% Unchanged
96 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 8,3028.3k $257.3k $257.3k 0.00% Added +3.0k +2,970
97 MARIPAU WEALTH MANAGEMENT LLC 0.12% of their portfolio FORT WAYNE, IN 8,1308.1k $251.9k $251.9k 0.12% Unchanged
98 Signal Advisors Wealth, LLC 0.02% of their portfolio DETROIT, MI 8,1308.1k $251.9k $251.9k 0.02% Reduced -1.3k -1,323
99 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 7,9878.0k $247.5k $247.5k 0.00% Reduced -74 -74
100 Private Wealth Group, LLC 0.12% of their portfolio Tampa, FL 7,7397.7k $239.8k $239.8k 0.12% Unchanged