Vault-13

ETF SER SOLUTIONS DSTL

DISTILLATE US · ETP · CUSIP 26922A321

139 institutional holders -3 vs Q1 2025
25,623,69825.6m shares reported held*
$1.4bnreported value*
13 new 49 added 61 reduced 15 sold out net sold ≈ $74.1m (-1.3m 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $55.54.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 60Q4 22: 71Q1 23: 78Q2 23: 85Q3 23: 100Q4 23: 109Q1 24: 119Q2 24: 130Q3 24: 131Q4 24: 140Q1 25: 142Q2 25: 139139Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202260
Q4 202271
Q1 202378
Q2 202385
Q3 2023100
Q4 2023109
Q1 2024119
Q2 2024130
Q3 2024131
Q4 2024140
Q1 2025142
Q2 2025139

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 64 bought or addedQ3 23: 25 cut or sold outQ4 23: 67 bought or addedQ4 23: 35 cut or sold outQ4 23Q1 24: 87 bought or addedQ1 24: 30 cut or sold outQ2 24: 91 bought or addedQ2 24: 36 cut or sold outQ2 24Q3 24: 67 bought or addedQ3 24: 53 cut or sold outQ4 24: 60 bought or addedQ4 24: 61 cut or sold outQ4 24Q1 25: 67 bought or addedQ1 25: 63 cut or sold outQ2 25: 62 bought or addedQ2 25: 76 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236425
Q4 20236735
Q1 20248730
Q2 20249136
Q3 20246753
Q4 20246061
Q1 20256763
Q2 20256276

Biggest buyers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +807,341+807.3k
Rockefeller Capital Management L.P. Added +425,599+425.6k
Sequoia Financial Advisors, LLC Added +142,592+142.6k
GOLDMAN SACHS GROUP INC Added +86,014+86.0k
Merit Financial Group, LLC New +70,261+70.3k
Resonant Capital Advisors, LLC Added +53,274+53.3k
JPMORGAN CHASE & CO Added +49,298+49.3k
OXFORD FINANCIAL GROUP, LTD. LLC Added +38,969+39.0k
Berkeley, Inc Added +34,568+34.6k
PARK AVENUE SECURITIES LLC Added +33,997+34.0k

Biggest sellers

PARK NATIONAL CORP /OH/ Reduced -559,325-559.3k
ROYAL BANK OF CANADA Reduced -510,386-510.4k
Bank of New York Mellon Corp Sold out -341,899-341.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -280,666-280.7k
Madison Asset Management, LLC Reduced -229,733-229.7k
HighTower Advisors, LLC Reduced -202,523-202.5k
Sage Advisory Services, Ltd.Co. Reduced -167,146-167.1k
LPL Financial LLC Reduced -129,782-129.8k
WELLS FARGO & COMPANY/MN Reduced -128,135-128.1k
Weil Company, Inc. Reduced -101,081-101.1k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Sequoia Financial Advisors, LLC 2.05% of their portfolio Akron, OH 5,403,6375.4m $299.1m $299.1m 2.05% Added +142.6k +142,592
2 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.21% of their portfolio PLYMOUTH, MN 2,258,1442.3m $127.1m $127.1m 0.21% Added +807.3k +807,341
3 OXFORD FINANCIAL GROUP, LTD. LLC 5.49% of their portfolio INDIANAPOLIS, IN 1,668,0411.7m $92.3m $92.3m 5.49% Added +39.0k +38,969
4 Abacus Planning Group, Inc. 11.37% of their portfolio COLUMBIA, SC 1,381,4451.4m $76.5m $76.5m 11.37% Reduced -45.8k -45,772
5 Madison Asset Management, LLC 0.67% of their portfolio MADISON, WI 1,115,9631.1m $61.8m $61.8m 0.67% Reduced -229.7k -229,733
6 Resonant Capital Advisors, LLC 3.48% of their portfolio Madison, WI 985,505985.5k $54.5m $54.5m 3.48% Added +53.3k +53,274
7 AlphaCore Capital LLC 2.03% of their portfolio LA JOLLA, CA 959,896959.9k $53.1m $53.1m 2.03% Added +6.7k +6,709
8 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 852,766852.8k $47.2m $47.2m 0.02% Reduced -129.8k -129,782
9 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 841,236841.2k $46.6m $46.6m 0.05% Added +425.6k +425,599
10 AVANTAX ADVISORY SERVICES, INC. 0.24% of their portfolio DALLAS, TX 801,110801.1k $44.3m $44.3m 0.24% Added +28.4k +28,376
11 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 682,951683.0k $37.8m $37.8m 0.01% Reduced -28.6k -28,557
12 Cerity Partners LLC 0.07% of their portfolio NEW YORK, NY 659,583659.6k $36.5m $36.5m 0.07% Reduced -2.3k -2,305
13 STEEL GROVE CAPITAL ADVISORS, LLC 3.98% of their portfolio MEMPHIS, TN 606,155606.2k $33.6m $33.6m 3.98% Added +11.4k +11,401
14 Allen Capital Group, LLC 3.28% of their portfolio GRAND ISLAND, NE 568,804568.8k $31.5m $31.5m 3.28% Reduced -23.1k -23,062
15 ODonnell Financial Services, LLC 10.08% of their portfolio SAN RAFAEL, CA 474,625474.6k $26.3m $26.3m 10.08% Added +155 +155
16 Arlington Financial Advisors, LLC 4.21% of their portfolio SANTA BARBARA, CA 464,826464.8k $25.7m $25.7m 4.21% Added +5.1k +5,137
17 Berkeley, Inc 7.97% of their portfolio Boise, ID 401,045401.0k $22.2m $22.2m 7.97% Added +34.6k +34,568
18 Crumly & Associates Inc. 4.86% of their portfolio SPRINGFIELD, IL 360,414360.4k $19.9m $19.9m 4.86% Added +13.9k +13,918
19 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 318,157318.2k $17.6m $17.6m 0.05% Reduced -164 -164
20 LEVEL FOUR ADVISORY SERVICES, LLC 0.56% of their portfolio DALLAS, TX 276,377276.4k $15.3m $15.3m 0.56% Added +4.8k +4,756
21 Empire Financial Management Company, LLC 3.93% of their portfolio NEW YORK, NY 246,129246.1k $13.6m $13.6m 3.93% Reduced -5.0k -5,007
22 Apexium Financial, LP 0.69% of their portfolio Dallas, TX 236,184236.2k $13.1m $13.1m 0.69% Added +22.1k +22,066
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 232,596232.6k $12.9m $12.9m 0.00% Reduced -43.4k -43,445
24 Oxbow Advisors, LLC 1.34% of their portfolio Austin, TX 220,693220.7k $12.2m $12.2m 1.34% Added +78 +78
25 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 204,363204.4k $11.3m $11.3m 0.02% Added +136 +136
26 SimpliFi, Inc. 4.97% of their portfolio SAN DIEGO, CA 203,772203.8k $11.3m $11.3m 4.97% Added +1.7k +1,665
27 Orion Capital Management LLC 3.70% of their portfolio CORONADO, CA 175,635175.6k $9.7m $9.7m 3.70% Added +1.1k +1,085
28 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 170,713170.7k $9.4m $9.4m 0.02% Reduced -58.2k -58,165
29 Sunbeam Capital Management, LLC 6.53% of their portfolio ATLANTA, GA 155,720155.7k $8.6m $8.6m 6.53% Added +23.2k +23,208
30 PARK AVENUE SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 138,031138.0k $7.6m $7.6m 0.07% Added +34.0k +33,997
31 Perritt Capital Management Inc 3.90% of their portfolio Chicago, IL 136,512136.5k $7.6m $7.6m 3.90% Added +2.5k +2,497
32 Old Port Advisors 1.94% of their portfolio PORTLAND, ME 128,578128.6k $7.1m $7.1m 1.94% Reduced -2.3k -2,299
33 Gladstone Institutional Advisory LLC 0.29% of their portfolio Bedminster, NJ 124,719124.7k $6.9m $6.9m 0.29% Added +4.2k +4,248
34 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 116,103116.1k $6.4m $6.4m 0.05% Reduced -15.8k -15,808
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 107,252107.3k $5.9m $5.9m 0.00% Added +86.0k +86,014
36 Herold Advisors, Inc. 1.06% of their portfolio New York, NY 91,37791.4k $5.1m $5.1m 1.06% Reduced -6.2k -6,201
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 81,21481.2k $4.5m $4.5m 0.00% Added +49.3k +49,298
38 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 80,09180.1k $4.4m $4.4m 0.01% Reduced -17.3k -17,256
39 Centerpoint Advisory Group 3.63% of their portfolio Overland Park, KS 75,50575.5k $4.2m $4.2m 3.63% Reduced -1.3k -1,291
40 Fermata Advisors, LLC 1.10% of their portfolio SONOMA, CA 74,15374.2k $4.1m $4.1m 1.10% Added +4.5k +4,457
41 FLAGSHIP HARBOR ADVISORS, LLC 0.19% of their portfolio BOSTON, MA 73,22973.2k $4.1m $4.1m 0.19% Added +644 +644
42 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 70,99271.0k $3.9m $3.9m 0.00% Reduced -280.7k -280,666
43 Merit Financial Group, LLC 0.04% of their portfolio ALPHARETTA, GA 70,26170.3k $3.9m $3.9m 0.04% New
44 Stonebridge Financial Planning Group, LLC 1.60% of their portfolio ORLANDO, FL 69,31769.3k $3.8m $3.8m 1.60% Reduced -709 -709
45 Csenge Advisory Group 0.19% of their portfolio CLEARWATER, FL 66,99067.0k $3.6m $3.6m 0.19% Added +1.1k +1,074
46 Darwin Wealth Management, LLC 1.26% of their portfolio TAMPA, FL 65,89765.9k $3.6m $3.6m 1.26% Added +217 +217
47 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 56,48656.5k $3.1m $3.1m 0.01% Reduced -18.3k -18,340
48 PARK NATIONAL CORP /OH/ 0.10% of their portfolio NEWARK, OH 52,40252.4k $2.9m $2.9m 0.10% Reduced -559.3k -559,325
49 IFP Advisors, Inc 0.07% of their portfolio TAMPA, FL 47,49147.5k $2.6m $2.6m 0.07% Added +300 +300
50 Weil Company, Inc. 0.68% of their portfolio SAN DIEGO, CA 46,79946.8k $2.6m $2.6m 0.68% Reduced -101.1k -101,081
51 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 45,13745.1k $2.5m $2.5m 0.00% Reduced -1.9k -1,863
52 Aspect Partners, LLC 1.22% of their portfolio FAIRFAX, VA 44,72744.7k $2.5m $2.5m 1.22% Added +3.7k +3,731
53 THOROUGHBRED FINANCIAL SERVICES, LLC 0.17% of their portfolio BRENTWOOD, TN 43,03243.0k $2.4m $2.4m 0.17% Reduced -7.8k -7,787
54 MGO ONE SEVEN LLC 0.08% of their portfolio Beachwood, OH 42,43542.4k $2.3m $2.3m 0.08% Reduced -2.6k -2,604
55 Richard W. Paul & Associates, LLC 0.71% of their portfolio NOVI, MI 35,29135.3k $2.0m $2.0m 0.71% Added +511 +511
56 Ausdal Financial Partners, Inc. 0.13% of their portfolio Davenport, IA 34,94734.9k $1.9m $1.9m 0.13% Reduced -1.9k -1,937
57 HARBOUR INVESTMENTS, INC. 0.05% of their portfolio MADISON, WI 34,74634.7k $1.9m $1.9m 0.05% Added +5.9k +5,874
58 Hilltop Holdings Inc. 0.11% of their portfolio DALLAS, TX 31,09831.1k $1.7m $1.7m 0.11% Reduced -268 -268
59 SAPIENT CAPITAL LLC 0.03% of their portfolio INDIANAPOLIS, IN 29,41229.4k $1.6m $1.6m 0.03% Unchanged
60 TFR Capital, LLC. 0.56% of their portfolio PLANO, TX 27,95228.0k $1.5m $1.5m 0.56% Reduced -1.5k -1,536
61 Barry Investment Advisors, LLC 0.35% of their portfolio NEW BEDFORD, MA 25,47725.5k $1.4m $1.4m 0.35% Added +3.3k +3,321
62 Rehmann Capital Advisory Group 0.08% of their portfolio LANSING, MI 25,06525.1k $1.4m $1.4m 0.08% Reduced -259 -259
63 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 24,53824.5k $1.3m $1.3m 0.02% Reduced -3.5k -3,522
64 Hibernia Wealth Partners, LLC 0.47% of their portfolio BATON ROUGE, LA 23,39623.4k $1.3m $1.3m 0.47% Added +11.7k +11,710
65 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 22,65022.6k $1.3m $1.3m 0.00% Reduced -510.4k -510,386
66 HUNTINGTON NATIONAL BANK 0.01% of their portfolio COLUMBUS, OH 22,25022.2k $1.2m $1.2m 0.01% Unchanged
67 HERITAGE OAK WEALTH ADVISORS LLC 0.40% of their portfolio SANTA ROSA BEACH, FL 18,86818.9k $1.0m $1.0m 0.40% Added +249 +249
68 Mariner, LLC 0.00% of their portfolio Overland Park, KS 18,26518.3k $1.0m $1.0m 0.00% New
69 Arete Wealth Advisors, LLC 0.07% of their portfolio CHICAGO, IL 17,94217.9k $993.0k $993.0k 0.07% Reduced -1.4k -1,423
70 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 17,08517.1k $945.7k $945.7k 0.00% Added +145 +145
71 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 16,11316.1k $891.9k $891.9k 0.00% Reduced -2.2k -2,180
72 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 15,08415.1k $834.9k $834.9k 0.00% Reduced -10.7k -10,730
73 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 14,86714.9k $822.9k $822.9k 0.01% Reduced -25 -25
74 Sage Advisory Services, Ltd.Co. 0.43% of their portfolio AUSTIN, TX 14,19814.2k $786.0k $786.0k 0.43% Reduced -167.1k -167,146
75 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 13,75113.8k $761.1k $761.1k 0.00% Reduced -12.3k -12,303
76 Hutchens & Kramer Investment Management Group, LLC 0.35% of their portfolio CARMEL, IN 13,66513.7k $768.0k $768.0k 0.35% Added +2.1k +2,065
77 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 13,56813.6k $751.0k $751.0k 0.00% Reduced -202.5k -202,523
78 American Alpha Advisors, LLC 0.54% of their portfolio NEW YORK, NY 12,00512.0k $664.5k $664.5k 0.54% Reduced -551 -551
79 Per Stirling Capital Management, LLC. 0.08% of their portfolio AUSTIN, TX 11,36111.4k $628.8k $628.8k 0.08% Reduced -989 -989
80 Accurate Wealth Management, LLC 0.09% of their portfolio WESLEY CHAPEL, FL 10,94510.9k $618.4k $618.4k 0.09% Reduced -535 -535
81 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 10,42610.4k $577.1k $577.1k 0.00% Reduced -3.8k -3,786
82 LANDMARK WEALTH MANAGEMENT, INC. 0.24% of their portfolio NORMAL, IL 10,22510.2k $566.0k $566.0k 0.24% Reduced -21.8k -21,794
83 WealthCare Investment Partners, LLC 0.20% of their portfolio PORTSMOUTH, RI 9,9169.9k $558.2k $558.2k 0.20% Added +33 +33
84 LRI Investments, LLC 0.05% of their portfolio PALM BEACH GARDENS, FL 9,8059.8k $542.7k $542.7k 0.05% Added +801 +801
85 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 9,4289.4k $521.8k $521.8k 0.00% Added +5.3k +5,308
86 Global View Capital Management LLC 0.15% of their portfolio WAUKESHA, WI 8,4508.4k $467.7k $467.7k 0.15% Reduced -486 -486
87 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 8,2818.3k $458.4k $458.4k 0.00% New
88 Tradition Wealth Management, LLC 0.04% of their portfolio EDINA, MN 8,2338.2k $455.7k $455.7k 0.04% Reduced -220 -220
89 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 7,5287.5k $417.0k $417.0k 0.00% New
90 SCS Capital Management LLC 0.00% of their portfolio BOSTON, MA 7,3107.3k $404.6k $404.6k 0.00% New
91 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 7,1857.2k $397.7k $397.7k 0.00% New
92 Anchor Investment Management, LLC 0.03% of their portfolio COLUMBIA, SC 7,1647.2k $396.5k $396.5k 0.03% Unchanged
93 Meridian Financial Advisors, LLC 0.25% of their portfolio HOLLISTON, MA 6,9006.9k $381.9k $381.9k 0.25% Added +700 +700
94 Certified Advisory Corp 0.04% of their portfolio ALTAMONTE SPRINGS, FL 6,7946.8k $376.0k $376.0k 0.04% Unchanged
95 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 6,4846.5k $359.0k $359.0k 0.00% Reduced -384 -384
96 GeoWealth Management, LLC 0.01% of their portfolio CHICAGO, IL 6,4476.4k $356.8k $356.8k 0.01% Reduced -788 -788
97 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 5,9125.9k $327.2k $327.2k 0.00% Reduced -266 -266
98 BCU Wealth Advisors, LLC 0.15% of their portfolio Vernon Hills, IL 5,8925.9k $326.1k $326.1k 0.15% Added +13 +13
99 SHUFRO ROSE & CO LLC 0.03% of their portfolio NEW YORK, NY 5,8175.8k $315.5k $315.5k 0.03% Reduced -1.5k -1,528
100 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,7775.8k $319.8k $319.8k 0.00% Reduced -505 -505