Vault-13

ETF SER SOLUTIONS DSTL

DISTILLATE US · ETP · CUSIP 26922A321

129 institutional holders -10 vs Q2 2025
25,138,60025.1m shares reported held*
$1.5bnreported value*
11 new 44 added 55 reduced 18 sold out net bought ≈ $18.4m (+317.4k 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 ($334.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.95.

Trends to Q3 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: 139Q3 25: 129129Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025129

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 67 bought or addedQ4 23: 35 cut or sold outQ1 24: 87 bought or addedQ1 24: 30 cut or sold outQ1 24Q2 24: 91 bought or addedQ2 24: 36 cut or sold outQ3 24: 67 bought or addedQ3 24: 53 cut or sold outQ3 24Q4 24: 60 bought or addedQ4 24: 61 cut or sold outQ1 25: 67 bought or addedQ1 25: 63 cut or sold outQ1 25Q2 25: 62 bought or addedQ2 25: 76 cut or sold outQ3 25: 55 bought or addedQ3 25: 73 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20236735
Q1 20248730
Q2 20249136
Q3 20246753
Q4 20246061
Q1 20256763
Q2 20256276
Q3 20255573

Biggest buyers

Cetera Investment Advisers Added +825,497+825.5k
Sequoia Financial Advisors, LLC Added +340,998+341.0k
JPMORGAN CHASE & CO Added +164,986+165.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +145,045+145.0k
LRI Investments, LLC Added +40,295+40.3k
Resonant Capital Advisors, LLC Added +30,215+30.2k
Arlington Financial Advisors, LLC Added +26,406+26.4k
Sunbeam Capital Management, LLC Added +25,064+25.1k
PARK AVENUE SECURITIES LLC Added +22,835+22.8k
Crumly & Associates Inc. Added +18,866+18.9k

Biggest sellers

Rockefeller Capital Management L.P. Reduced -401,737-401.7k
BANK OF AMERICA CORP /DE/ Reduced -223,905-223.9k
SimpliFi, Inc. Reduced -194,714-194.7k
Cerity Partners LLC Reduced -75,573-75.6k
OXFORD FINANCIAL GROUP, LTD. LLC Reduced -53,116-53.1k
LPL Financial LLC Reduced -46,985-47.0k
FLAGSHIP HARBOR ADVISORS, LLC Reduced -43,749-43.7k
PARK NATIONAL CORP /OH/ Reduced -32,086-32.1k
ENVESTNET ASSET MANAGEMENT INC Reduced -29,280-29.3k
GOLDMAN SACHS GROUP INC Reduced -28,496-28.5k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Sequoia Financial Advisors, LLC 2.03% of their portfolio Akron, OH 5,744,6355.7m $333.0m $333.0m 2.03% Added +341.0k +340,998
2 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.21% of their portfolio PLYMOUTH, MN 2,403,1892.4m $139.4m $139.4m 0.21% Added +145.0k +145,045
3 OXFORD FINANCIAL GROUP, LTD. LLC 5.30% of their portfolio INDIANAPOLIS, IN 1,614,9251.6m $93.6m $93.6m 5.30% Reduced -53.1k -53,116
4 Abacus Planning Group, Inc. 11.06% of their portfolio COLUMBIA, SC 1,383,2741.4m $80.2m $80.2m 11.06% Added +1.8k +1,829
5 Madison Asset Management, LLC 0.70% of their portfolio MADISON, WI 1,090,1371.1m $63.2m $63.2m 0.70% Reduced -25.8k -25,826
6 Resonant Capital Advisors, LLC 3.43% of their portfolio Madison, WI 1,015,7201.0m $58.9m $58.9m 3.43% Added +30.2k +30,215
7 AlphaCore Capital LLC 1.85% of their portfolio LA JOLLA, CA 944,962945.0k $54.8m $54.8m 1.85% Reduced -14.9k -14,934
8 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 905,588905.6k $52.5m $52.5m 0.06% Added +825.5k +825,497
9 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 805,781805.8k $46.7m $46.7m 0.01% Reduced -47.0k -46,985
10 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 658,281658.3k $38.2m $38.2m 0.01% Reduced -24.7k -24,670
11 STEEL GROVE CAPITAL ADVISORS, LLC 4.00% of their portfolio MEMPHIS, TN 606,155606.2k $33.6m $33.6m 4.00% Unchanged
12 Cerity Partners LLC 0.05% of their portfolio NEW YORK, NY 584,010584.0k $33.8m $33.8m 0.05% Reduced -75.6k -75,573
13 Allen Capital Group, LLC 3.08% of their portfolio GRAND ISLAND, NE 556,867556.9k $32.3m $32.3m 3.08% Reduced -11.9k -11,937
14 Arlington Financial Advisors, LLC 4.19% of their portfolio SANTA BARBARA, CA 491,232491.2k $28.5m $28.5m 4.19% Added +26.4k +26,406
15 ODonnell Financial Services, LLC 10.07% of their portfolio SAN RAFAEL, CA 488,578488.6k $28.3m $28.3m 10.07% Added +14.0k +13,953
16 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 439,499439.5k $25.5m $25.5m 0.05% Reduced -401.7k -401,737
17 Berkeley, Inc 7.14% of their portfolio Boise, ID 382,940382.9k $22.2m $22.2m 7.14% Reduced -18.1k -18,105
18 Crumly & Associates Inc. 4.81% of their portfolio SPRINGFIELD, IL 379,280379.3k $22.0m $22.0m 4.81% Added +18.9k +18,866
19 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 322,496322.5k $18.7m $18.7m 0.05% Added +4.3k +4,339
20 LEVEL FOUR ADVISORY SERVICES, LLC 0.57% of their portfolio DALLAS, TX 285,418285.4k $16.5m $16.5m 0.57% Added +9.0k +9,041
21 Empire Financial Management Company, LLC 3.31% of their portfolio NEW YORK, NY 249,491249.5k $14.5m $14.5m 3.31% Added +3.4k +3,362
22 Apexium Financial, LP 0.70% of their portfolio Dallas, TX 247,578247.6k $14.3m $14.3m 0.70% Added +11.4k +11,394
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 246,200246.2k $14.3m $14.3m 0.00% Added +165.0k +164,986
24 Oxbow Advisors, LLC 1.18% of their portfolio Austin, TX 218,614218.6k $12.7m $12.7m 1.18% Reduced -2.1k -2,079
25 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 198,172198.2k $11.5m $11.5m 0.02% Reduced -6.2k -6,191
26 Sunbeam Capital Management, LLC 6.51% of their portfolio ATLANTA, GA 180,784180.8k $10.5m $10.5m 6.51% Added +25.1k +25,064
27 Orion Capital Management LLC 3.57% of their portfolio CORONADO, CA 176,721176.7k $10.2m $10.2m 3.57% Added +1.1k +1,086
28 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 163,436163.4k $9.5m $9.5m 0.02% Reduced -7.3k -7,277
29 PARK AVENUE SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 160,866160.9k $9.3m $9.3m 0.07% Added +22.8k +22,835
30 Perritt Capital Management Inc 3.92% of their portfolio Chicago, IL 142,727142.7k $8.3m $8.3m 3.92% Added +6.2k +6,215
31 Gladstone Institutional Advisory LLC 0.28% of their portfolio Bedminster, NJ 127,056127.1k $7.4m $7.4m 0.28% Added +2.3k +2,337
32 Old Port Advisors 1.83% of their portfolio PORTLAND, ME 124,951125.0k $7.2m $7.2m 1.83% Reduced -3.6k -3,627
33 Equitable Holdings, Inc. 0.04% of their portfolio NEW YORK, NY 104,159104.2k $6.0m $6.0m 0.04% Reduced -11.9k -11,944
34 Herold Advisors, Inc. 1.14% of their portfolio New York, NY 85,00885.0k $4.9m $4.9m 1.14% Reduced -6.4k -6,369
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 78,75678.8k $4.6m $4.6m 0.00% Reduced -28.5k -28,496
36 Fermata Advisors, LLC 1.07% of their portfolio SONOMA, CA 72,96173.0k $4.2m $4.2m 1.07% Reduced -1.2k -1,192
37 Darwin Wealth Management, LLC 1.33% of their portfolio TAMPA, FL 72,20572.2k $4.2m $4.2m 1.33% Added +6.3k +6,308
38 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 69,88769.9k $4.0m $4.0m 0.01% Added +13.4k +13,401
39 Centerpoint Advisory Group 3.10% of their portfolio Overland Park, KS 68,61668.6k $4.0m $4.0m 3.10% Reduced -6.9k -6,889
40 Stonebridge Financial Planning Group, LLC 1.48% of their portfolio ORLANDO, FL 68,18568.2k $4.0m $4.0m 1.48% Reduced -1.1k -1,132
41 Merit Financial Group, LLC 0.04% of their portfolio ALPHARETTA, GA 66,23366.2k $3.8m $3.8m 0.04% Reduced -4.0k -4,028
42 Csenge Advisory Group 0.18% of their portfolio CLEARWATER, FL 63,92863.9k $3.7m $3.7m 0.18% Reduced -3.1k -3,062
43 Weil Company, Inc. 0.73% of their portfolio SAN DIEGO, CA 52,64952.6k $3.1m $3.1m 0.73% Added +5.8k +5,850
44 LRI Investments, LLC 0.24% of their portfolio PALM BEACH GARDENS, FL 50,10050.1k $2.9m $2.9m 0.24% Added +40.3k +40,295
45 Aspect Partners, LLC 1.27% of their portfolio FAIRFAX, VA 48,11948.1k $2.8m $2.8m 1.27% Added +3.4k +3,392
46 IFP Advisors, Inc 0.07% of their portfolio TAMPA, FL 46,28546.3k $2.7m $2.7m 0.07% Reduced -1.2k -1,206
47 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 43,59643.6k $2.5m $2.5m 0.00% Reduced -1.5k -1,541
48 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 41,71241.7k $2.4m $2.4m 0.00% Reduced -29.3k -29,280
49 MGO ONE SEVEN LLC 0.06% of their portfolio Beachwood, OH 41,17041.2k $2.4m $2.4m 0.06% Reduced -1.3k -1,265
50 THOROUGHBRED FINANCIAL SERVICES, LLC 0.15% of their portfolio BRENTWOOD, TN 40,93940.9k $2.4m $2.4m 0.15% Reduced -2.1k -2,093
51 Richard W. Paul & Associates, LLC 0.71% of their portfolio NOVI, MI 36,10736.1k $2.1m $2.1m 0.71% Added +816 +816
52 HARBOUR INVESTMENTS, INC. 0.05% of their portfolio MADISON, WI 34,38134.4k $2.0m $2.0m 0.05% Reduced -365 -365
53 Ausdal Financial Partners, Inc. 0.09% of their portfolio Davenport, IA 32,07832.1k $1.9m $1.9m 0.09% Reduced -2.9k -2,869
54 Hilltop Holdings Inc. 0.09% of their portfolio DALLAS, TX 30,67830.7k $1.8m $1.8m 0.09% Reduced -420 -420
55 FLAGSHIP HARBOR ADVISORS, LLC 0.07% of their portfolio BOSTON, MA 29,48029.5k $1.7m $1.7m 0.07% Reduced -43.7k -43,749
56 SAPIENT CAPITAL LLC 0.03% of their portfolio INDIANAPOLIS, IN 29,41229.4k $1.7m $1.7m 0.03% Unchanged
57 TFR Capital, LLC. 0.55% of their portfolio PLANO, TX 28,67428.7k $1.7m $1.7m 0.55% Added +722 +722
58 Barry Investment Advisors, LLC 0.36% of their portfolio NEW BEDFORD, MA 27,04927.0k $1.6m $1.6m 0.36% Added +1.6k +1,572
59 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 24,36324.4k $1.4m $1.4m 0.02% Reduced -175 -175
60 Rehmann Capital Advisory Group 0.07% of their portfolio LANSING, MI 23,62023.6k $1.4m $1.4m 0.07% Reduced -1.4k -1,445
61 HUNTINGTON NATIONAL BANK 0.01% of their portfolio COLUMBUS, OH 22,25022.2k $1.3m $1.3m 0.01% Unchanged
62 American Alpha Advisors, LLC 0.92% of their portfolio NEW YORK, NY 22,06322.1k $1.3m $1.3m 0.92% Added +10.1k +10,058
63 PARK NATIONAL CORP /OH/ 0.04% of their portfolio NEWARK, OH 20,31620.3k $1.2m $1.2m 0.04% Reduced -32.1k -32,086
64 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 18,44318.4k $1.1m $1.1m 0.00% Added +1.4k +1,358
65 HERITAGE OAK WEALTH ADVISORS LLC 0.39% of their portfolio SANTA ROSA BEACH, FL 18,28618.3k $1.1m $1.1m 0.39% Reduced -582 -582
66 Mariner, LLC 0.00% of their portfolio Overland Park, KS 18,24218.2k $1.1m $1.1m 0.00% Reduced -23 -23
67 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 14,37414.4k $833.1k $833.1k 0.01% Reduced -493 -493
68 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 13,26213.3k $768.6k $768.6k 0.00% Reduced -1.8k -1,822
69 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 13,24713.2k $767.8k $767.8k 0.00% Reduced -2.9k -2,866
70 Hutchens & Kramer Investment Management Group, LLC 0.30% of their portfolio CARMEL, IN 12,99013.0k $752.9k $752.9k 0.30% Reduced -675 -675
71 Hibernia Wealth Partners, LLC 0.44% of their portfolio BATON ROUGE, LA 11,78711.8k $683.2k $683.2k 0.44% Reduced -11.6k -11,609
72 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11,10011.1k $643.4k $643.4k 0.00% Added +674 +674
73 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 10,96711.0k $635.6k $635.6k 0.00% Added +5.5k +5,476
74 Accurate Wealth Management, LLC 0.08% of their portfolio WESLEY CHAPEL, FL 10,94510.9k $630.0k $630.0k 0.08% Unchanged
75 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 10,52810.5k $610.2k $610.2k 0.00% Reduced -3.2k -3,223
76 LANDMARK WEALTH MANAGEMENT, INC. 0.23% of their portfolio NORMAL, IL 10,22510.2k $592.6k $592.6k 0.23% Unchanged
77 Global View Capital Management LLC 0.12% of their portfolio WAUKESHA, WI 10,07910.1k $584.2k $584.2k 0.12% Added +1.6k +1,629
78 WealthCare Investment Partners, LLC 0.19% of their portfolio PORTSMOUTH, RI 9,9489.9k $578.7k $578.7k 0.19% Added +32 +32
79 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 9,6099.6k $541.6k $541.6k 0.00% Added +181 +181
80 SimpliFi, Inc. 0.22% of their portfolio SAN DIEGO, CA 9,0589.1k $525.0k $525.0k 0.22% Reduced -194.7k -194,714
81 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,6918.7k $503.7k $503.7k 0.00% Reduced -223.9k -223,905
82 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,6517.7k $443.0k $443.0k 0.00% Reduced -15.0k -14,999
83 Anchor Investment Management, LLC 0.03% of their portfolio COLUMBIA, SC 7,1647.2k $415.2k $415.2k 0.03% Unchanged
84 Meridian Financial Advisors, LLC 0.23% of their portfolio HOLLISTON, MA 6,9006.9k $399.9k $399.9k 0.23% Unchanged
85 Certified Advisory Corp 0.04% of their portfolio ALTAMONTE SPRINGS, FL 6,7946.8k $393.8k $393.8k 0.04% Unchanged
86 BCU Wealth Advisors, LLC 0.14% of their portfolio Vernon Hills, IL 5,9045.9k $342.2k $342.2k 0.14% Added +12 +12
87 SHUFRO ROSE & CO LLC 0.03% of their portfolio NEW YORK, NY 5,8435.8k $316.9k $316.9k 0.03% Added +26 +26
88 GeoWealth Management, LLC 0.01% of their portfolio CHICAGO, IL 5,7785.8k $334.9k $334.9k 0.01% Reduced -669 -669
89 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,7775.8k $334.8k $334.8k 0.00% Unchanged
90 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 5,1625.2k $299.2k $299.2k 0.01% Unchanged
91 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,1005.1k $295.6k $295.6k 0.00% Added +431 +431
92 Clayton Financial Group LLC 0.20% of their portfolio ST. LOUIS, MO 4,6404.6k $268.9k $268.9k 0.20% Added +15 +15
93 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 4,6174.6k $267.6k $267.6k 0.01% New
94 Legacy Wealth Managment, LLC/ID 0.12% of their portfolio BOISE, ID 4,4964.5k $260.6k $260.6k 0.12% Reduced -911 -911
95 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 4,3234.3k $250.6k $250.6k 0.00% Added +693 +693
96 Astoria Portfolio Advisors LLC. 0.06% of their portfolio NEW YORK, NY 4,1914.2k $244.5k $244.5k 0.06% New
97 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 4,1284.1k $239.3k $239.3k 0.00% Reduced -2.4k -2,356
98 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 4,0504.0k $234.7k $234.7k 0.00% Reduced -1.9k -1,862
99 SAXON INTERESTS, INC. 0.09% of their portfolio HOUSTON, TX 4,0444.0k $232.2k $232.2k 0.09% New
100 DIVERSIFIED TRUST CO 0.00% of their portfolio MEMPHIS, TN 4,0284.0k $233.5k $233.5k 0.00% New