Vault-13

ETF SER SOLUTIONS DSTL

DISTILLATE US · ETP · CUSIP 26922A321

119 institutional holders +10 vs Q4 2023
25,106,96725.1m shares reported held*
$1.4bnreported value*
19 new 68 added 22 reduced 8 sold out net bought ≈ $88.0m (+1.7m 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 ($44.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.80.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 60Q4 22: 71Q1 23: 78Q2 23: 85Q3 23: 100Q4 23: 109Q1 24: 119119Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202260
Q4 202271
Q1 202378
Q2 202385
Q3 2023100
Q4 2023109
Q1 2024119

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 47 bought or addedQ4 22: 20 cut or sold outQ4 22Q1 23: 49 bought or addedQ1 23: 25 cut or sold outQ1 23Q2 23: 52 bought or addedQ2 23: 23 cut or sold outQ2 23Q3 23: 64 bought or addedQ3 23: 25 cut or sold outQ3 23Q4 23: 67 bought or addedQ4 23: 35 cut or sold outQ4 23Q1 24: 87 bought or addedQ1 24: 30 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20224720
Q1 20234925
Q2 20235223
Q3 20236425
Q4 20236735
Q1 20248730

Biggest buyers

Empowered Funds, LLC New +1,634,828+1.6m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +966,347+966.3k
SHUFRO ROSE & CO LLC Added +315,574+315.6k
AVANTAX ADVISORY SERVICES, INC. Added +228,294+228.3k
ROYAL BANK OF CANADA Added +199,850+199.8k
Sage Advisory Services, Ltd.Co. Added +130,835+130.8k
ENVESTNET ASSET MANAGEMENT INC Added +122,079+122.1k
Cetera Investment Advisers Added +110,205+110.2k
Bank of New York Mellon Corp Added +109,496+109.5k
Arlington Financial Advisors, LLC Added +80,374+80.4k

Biggest sellers

Carlson Capital Management Reduced -1,808,662-1.8m
AlphaCore Capital LLC Sold out -763,391-763.4k
ODonnell Financial Services, LLC Reduced -238,423-238.4k
SimpliFi, Inc. Reduced -209,525-209.5k
Cetera Advisors LLC Sold out -80,286-80.3k
Madison Asset Management, LLC Reduced -63,203-63.2k
AE Wealth Management LLC Sold out -29,465-29.5k
Total Clarity Wealth Management, Inc. Sold out -19,129-19.1k
OXFORD FINANCIAL GROUP, LTD. LLC Reduced -14,831-14.8k
Vanguard Personalized Indexing Management, LLC Sold out -9,408-9.4k

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Carlson Capital Management 13.61% of their portfolio NORTHFIELD, MN 5,347,8835.3m $288.3m $288.3m 13.61% Reduced -1.8m -1,808,662
2 OXFORD FINANCIAL GROUP, LTD. LLC 6.26% of their portfolio INDIANAPOLIS, IN 1,672,0221.7m $90.1m $90.1m 6.26% Reduced -14.8k -14,831
3 Empowered Funds, LLC 0.80% of their portfolio NEWTOWN SQUARE, PA 1,634,8281.6m $88.1m $88.1m 0.80% New
4 Madison Asset Management, LLC 0.86% of their portfolio MADISON, WI 1,292,5981.3m $69.7m $69.7m 0.86% Reduced -63.2k -63,203
5 Abacus Planning Group, Inc. 13.28% of their portfolio COLUMBIA, SC 1,260,0041.3m $67.9m $67.9m 13.28% Added +45.5k +45,505
6 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.13% of their portfolio PLYMOUTH, MN 966,347966.3k $52.1m $52.1m 0.13% New
7 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 932,223932.2k $50.3m $50.3m 0.03% Added +31.5k +31,522
8 SHUFRO ROSE & CO LLC 4.08% of their portfolio NEW YORK, NY 914,423914.4k $49.3m $49.3m 4.08% Added +315.6k +315,574
9 Resonant Capital Advisors, LLC 3.79% of their portfolio Madison, WI 821,602821.6k $44.3m $44.3m 3.79% Added +19.8k +19,755
10 AVANTAX ADVISORY SERVICES, INC. 0.34% of their portfolio DALLAS, TX 719,473719.5k $38.8m $38.8m 0.34% Added +228.3k +228,294
11 Allen Capital Group, LLC 5.36% of their portfolio GRAND ISLAND, NE 684,995685.0k $36.9m $36.9m 5.36% Added +76.7k +76,733
12 STEEL GROVE CAPITAL ADVISORS, LLC 4.75% of their portfolio MEMPHIS, TN 662,025662.0k $35.7m $35.7m 4.75% Added +9.2k +9,159
13 JANICZEK WEALTH MANAGEMENT, LLC 6.59% of their portfolio DENVER, CO 574,414574.4k $31.0m $31.0m 6.59% Added +57.3k +57,290
14 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 556,598556.6k $30.0m $30.0m 0.01% Added +199.8k +199,850
15 ODonnell Financial Services, LLC 11.62% of their portfolio SAN RAFAEL, CA 470,913470.9k $25.4m $25.4m 11.62% Reduced -238.4k -238,423
16 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 435,810435.8k $23.5m $23.5m 0.02% Added +28.4k +28,384
17 Arlington Financial Advisors, LLC 5.15% of their portfolio SANTA BARBARA, CA 435,063435.1k $23.5m $23.5m 5.15% Added +80.4k +80,374
18 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 427,605427.6k $23.1m $23.1m 0.07% Added +20.2k +20,187
19 Sage Advisory Services, Ltd.Co. 5.97% of their portfolio AUSTIN, TX 405,474405.5k $21.9m $21.9m 5.97% Added +130.8k +130,835
20 Crumly & Associates Inc. 5.03% of their portfolio SPRINGFIELD, IL 355,122355.1k $19.1m $19.1m 5.03% Reduced -2.6k -2,607
21 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 352,828352.8k $19.0m $19.0m 0.01% Added +122.1k +122,079
22 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 317,943317.9k $17.1m $17.1m 0.00% Added +109.5k +109,496
23 Empire Financial Management Company, LLC 4.69% of their portfolio NEW YORK, NY 263,078263.1k $14.2m $14.2m 4.69% Reduced -1.5k -1,522
24 COMERICA BANK 0.05% of their portfolio DALLAS, TX 236,236236.2k $12.7m $12.7m 0.05% Added +67.8k +67,788
25 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 235,318235.3k $12.7m $12.7m 0.05% Added +32.6k +32,624
26 LEVEL FOUR ADVISORY SERVICES, LLC 0.59% of their portfolio DALLAS, TX 218,823218.8k $10.8m $10.8m 0.59% Added +6.6k +6,610
27 InterOcean Capital Group, LLC 0.28% of their portfolio NASHVILLE, TN 217,208217.2k $11.7m $11.7m 0.28% Reduced -1.9k -1,909
28 SimpliFi, Inc. 5.26% of their portfolio SAN DIEGO, CA 213,482213.5k $11.5m $11.5m 5.26% Reduced -209.5k -209,525
29 Oxbow Advisors, LLC 1.41% of their portfolio Austin, TX 190,957191.0k $10.3m $10.3m 1.41% Added +7.0k +6,991
30 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 189,706189.7k $10.2m $10.2m 0.02% Added +33.7k +33,741
31 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 188,873188.9k $10.2m $10.2m 0.02% Added +550 +550
32 Equitable Holdings, Inc. 0.09% of their portfolio NEW YORK, NY 146,059146.1k $7.9m $7.9m 0.09% Added +9.3k +9,310
33 Apexium Financial, LP 0.60% of their portfolio Dallas, TX 145,750145.8k $7.9m $7.9m 0.60% Added +21.8k +21,796
34 Orion Capital Management LLC 4.07% of their portfolio CORONADO, CA 141,423141.4k $7.6m $7.6m 4.07% Added +29.5k +29,548
35 Old Port Advisors 2.22% of their portfolio PORTLAND, ME 134,770134.8k $7.3m $7.3m 2.22% Added +19.5k +19,528
36 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 134,021134.0k $7.2m $7.2m 0.02% Added +110.2k +110,205
37 Gladstone Institutional Advisory LLC 0.39% of their portfolio Bedminster, NJ 130,337130.3k $7.0m $7.0m 0.39% Reduced -1.6k -1,635
38 Financial Enhancement Group LLC 1.01% of their portfolio ANDERSON, IN 119,515119.5k $6.1m $6.1m 1.01% Added +2.0k +2,046
39 Perritt Capital Management Inc 3.44% of their portfolio Chicago, IL 118,263118.3k $6.4m $6.4m 3.44% Added +12.4k +12,365
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 103,766103.8k $5.6m $5.6m 0.00% Added +38.9k +38,905
41 Herold Advisors, Inc. 1.34% of their portfolio New York, NY 102,930102.9k $5.5m $5.5m 1.34% Added +21.9k +21,927
42 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 82,88482.9k $4.5m $4.5m 0.01% Added +4.7k +4,659
43 FDx Advisors, Inc. 0.59% of their portfolio BERWYN, PA 71,54071.5k $3.9m $3.9m 0.59% Added +24.8k +24,835
44 MGO ONE SEVEN LLC 0.17% of their portfolio Beachwood, OH 58,96759.0k $3.2m $3.2m 0.17% Added +1.3k +1,266
45 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 57,34157.3k $3.1m $3.1m 0.01% Added +38.3k +38,342
46 Advisory Services Network, LLC 0.06% of their portfolio ATLANTA, GA 51,47151.5k $2.8m $2.8m 0.06% Added +5.7k +5,690
47 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 49,90649.9k $2.7m $2.7m 0.00% Added +44.7k +44,732
48 IFP Advisors, Inc 0.12% of their portfolio TAMPA, FL 49,27449.3k $2.7m $2.7m 0.12% Reduced -421 -421
49 Atria Wealth Solutions, Inc. 0.03% of their portfolio NEW YORK, NY 48,30048.3k $2.6m $2.6m 0.03% Added +25.9k +25,897
50 Clayton Financial Group LLC 1.16% of their portfolio ST. LOUIS, MO 47,37147.4k $2.6m $2.6m 1.16% Reduced -876 -876
51 FLAGSHIP HARBOR ADVISORS, LLC 0.16% of their portfolio BOSTON, MA 47,33647.3k $2.6m $2.6m 0.16% Added +39.7k +39,680
52 THOROUGHBRED FINANCIAL SERVICES, LLC 0.24% of their portfolio BRENTWOOD, TN 45,80645.8k $2.5m $2.5m 0.24% Reduced -1.7k -1,741
53 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 45,02345.0k $2.4m $2.4m 0.01% Added +37 +37
54 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 42,50842.5k $2.3m $2.3m 0.00% Added +5.9k +5,914
55 Ausdal Financial Partners, Inc. 0.24% of their portfolio Davenport, IA 38,32338.3k $2.1m $2.1m 0.24% Added +972 +972
56 Fermata Advisors, LLC 0.44% of their portfolio SONOMA, CA 36,03936.0k $1.9m $1.9m 0.44% Reduced -402 -402
57 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 31,34731.3k $1.7m $1.7m 0.00% Added +25.8k +25,807
58 SAPIENT CAPITAL LLC 0.04% of their portfolio INDIANAPOLIS, IN 31,03731.0k $1.7m $1.7m 0.04% Reduced -922 -922
59 Richard W. Paul & Associates, LLC 0.65% of their portfolio NOVI, MI 30,27930.3k $1.6m $1.6m 0.65% Added +1.8k +1,833
60 Hilltop Holdings Inc. 0.18% of their portfolio DALLAS, TX 29,77629.8k $1.6m $1.6m 0.18% Added +674 +674
61 Global Assets Advisory, LLC 0.02% of their portfolio ORLANDO, FL 29,67429.7k $553 $553 0.02% New
62 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 29,55229.6k $1.6m $1.6m 0.00% Reduced -7.1k -7,116
63 Aspect Partners, LLC 1.22% of their portfolio FAIRFAX, VA 28,76428.8k $1.6m $1.6m 1.22% Added +1.3k +1,330
64 Rehmann Capital Advisory Group 0.11% of their portfolio LANSING, MI 27,90327.9k $1.5m $1.5m 0.11% Added +3.4k +3,412
65 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 27,31327.3k $1.5m $1.5m 0.00% Added +17.7k +17,671
66 Arete Wealth Advisors, LLC 0.11% of their portfolio CHICAGO, IL 22,75322.8k $1.2m $1.2m 0.11% New
67 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 22,29822.3k $1.2m $1.2m 0.00% Added +10.8k +10,775
68 AVALON CAPITAL MANAGEMENT 0.49% of their portfolio Port Of Redwood City, CA 22,03822.0k $1.2m $1.2m 0.49% Reduced -328 -328
69 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 21,44521.4k $1.2m $1.2m 0.00% Added +14.9k +14,927
70 Stonebridge Financial Planning Group, LLC 0.59% of their portfolio ORLANDO, FL 20,72720.7k $1.1m $1.1m 0.59% Added +3.1k +3,056
71 Hutchens & Kramer Investment Management Group, LLC 0.58% of their portfolio CARMEL, IN 18,29918.3k $981.9k $981.9k 0.58% Reduced -6.9k -6,927
72 Darwin Wealth Management, LLC 0.25% of their portfolio TAMPA, FL 16,87116.9k $909.5k $909.5k 0.25% Reduced -1.1k -1,129
73 Fortune Financial Advisors, LLC 0.53% of their portfolio Overland Park, KS 15,45415.5k $833.1k $833.1k 0.53% Added +8.0k +7,990
74 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 15,10015.1k $814.1k $814.1k 0.01% New
75 Csenge Advisory Group 0.04% of their portfolio CLEARWATER, FL 13,86113.9k $747.2k $747.2k 0.04% Added +731 +731
76 Ameliora Wealth Management Ltd. 0.34% of their portfolio ZURICH, V8 13,85813.9k $747.1k $747.1k 0.34% Unchanged
77 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 13,47913.5k $726.7k $726.7k 0.00% Added +5.0k +5,037
78 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 12,83312.8k $691.8k $691.8k 0.00% New
79 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 12,00412.0k $647.1k $647.1k 0.00% Added +1.6k +1,600
80 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 11,04311.0k $595.3k $595.3k 0.02% Added +1.4k +1,369
81 WealthCare Investment Partners, LLC 0.27% of their portfolio PORTSMOUTH, RI 10,45510.5k $563.6k $563.6k 0.27% Added +30 +30
82 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 9,4999.5k $512.1k $512.1k 0.01% Reduced -119 -119
83 Barry Investment Advisors, LLC 0.16% of their portfolio NEW BEDFORD, MA 9,1269.1k $492.0k $492.0k 0.16% New
84 Hibernia Wealth Partners, LLC 0.33% of their portfolio BATON ROUGE, LA 9,1249.1k $491.9k $491.9k 0.33% Added +3.9k +3,861
85 PFG Investments, LLC 0.03% of their portfolio WOODBURY, NY 8,3468.3k $449.9k $449.9k 0.03% Added +1.2k +1,170
86 Keeler Thomas Management LLC 0.15% of their portfolio Orem, UT 8,2498.2k $444.7k $444.7k 0.15% New
87 Tradition Wealth Management, LLC 0.04% of their portfolio EDINA, MN 8,1868.2k $441.3k $441.3k 0.04% Reduced -981 -981
88 U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio AUSTIN, TX 7,7607.8k $418.3k $418.3k 0.02% New
89 Portfolio Strategies, Inc. 0.03% of their portfolio MONTVALE, NJ 7,3107.3k $394.1k $394.1k 0.03% New
90 Hardy Reed LLC 0.05% of their portfolio TUPELO, MS 7,3107.3k $394.1k $394.1k 0.05% New
91 Anchor Investment Management, LLC 0.04% of their portfolio COLUMBIA, SC 7,1647.2k $386.2k $386.2k 0.04% Unchanged
92 Certified Advisory Corp 0.05% of their portfolio ALTAMONTE SPRINGS, FL 6,7946.8k $366.2k $366.2k 0.05% Unchanged
93 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 6,7566.8k $364.2k $364.2k 0.00% Added +304 +304
94 BCU Wealth Advisors, LLC 0.27% of their portfolio Vernon Hills, IL 5,8265.8k $314.1k $314.1k 0.27% Added +11 +11
95 Meridian Financial Advisors, LLC 0.23% of their portfolio HOLLISTON, MA 5,6005.6k $301.9k $301.9k 0.23% Added +100 +100
96 HRC WEALTH MANAGEMENT, LLC 0.21% of their portfolio Moscow, ID 5,3145.3k $286.5k $286.5k 0.21% New
97 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 5,2575.3k $283.4k $283.4k 0.01% New
98 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 5,2025.2k $280.4k $280.4k 0.02% New
99 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 4,7914.8k $258.3k $258.3k 0.00% Added +10 +10
100 Per Stirling Capital Management, LLC. 0.04% of their portfolio AUSTIN, TX 4,7674.8k $257.0k $257.0k 0.04% New