Vault-13

ETF SER SOLUTIONS DSTL

DISTILLATE US · ETP · CUSIP 26922A321

144 institutional holders +15 vs Q3 2025
24,927,01024.9m shares reported held*
$1.5bnreported value*
21 new 42 added 58 reduced 11 sold out net sold ≈ $21.0m (-357.0k 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 ($204.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $59.06.

Trends to Q4 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: 129Q4 25: 144144Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025144

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 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 25Q3 25: 55 bought or addedQ3 25: 73 cut or sold outQ4 25: 63 bought or addedQ4 25: 69 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20248730
Q2 20249136
Q3 20246753
Q4 20246061
Q1 20256763
Q2 20256276
Q3 20255573
Q4 20256369

Biggest buyers

UNITED CAPITAL FINANCIAL ADVISORS, LLC New +252,449+252.4k
Rothschild Wealth LLC New +149,406+149.4k
SAXON INTERESTS, INC. Added +139,591+139.6k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +127,177+127.2k
AXXCESS WEALTH MANAGEMENT, LLC New +81,591+81.6k
TWO SIGMA INVESTMENTS, LP New +48,000+48.0k
Abacus Planning Group, Inc. Added +36,320+36.3k
Resonant Capital Advisors, LLC Added +29,566+29.6k
Qube Research & Technologies Ltd Added +25,464+25.5k
Arlington Financial Advisors, LLC Added +19,426+19.4k

Biggest sellers

Cerity Partners LLC Reduced -266,055-266.1k
LPL Financial LLC Reduced -228,651-228.7k
Madison Asset Management, LLC Reduced -146,805-146.8k
Perritt Capital Management Inc Sold out -142,727-142.7k
JPMORGAN CHASE & CO Reduced -99,276-99.3k
GOLDMAN SACHS GROUP INC Sold out -78,756-78.8k
AlphaCore Capital LLC Reduced -71,860-71.9k
Oxbow Advisors, LLC Reduced -59,687-59.7k
PARK AVENUE SECURITIES LLC Reduced -55,820-55.8k
Richard W. Paul & Associates, LLC Reduced -35,957-36.0k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Sequoia Financial Advisors, LLC 1.90% of their portfolio Akron, OH 5,752,4605.8m $338.8m $338.8m 1.90% Added +7.8k +7,825
2 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.21% of their portfolio PLYMOUTH, MN 2,530,3662.5m $151.6m $151.6m 0.21% Added +127.2k +127,177
3 OXFORD FINANCIAL GROUP, LTD. LLC 5.12% of their portfolio INDIANAPOLIS, IN 1,581,9991.6m $93.2m $93.2m 5.12% Reduced -32.9k -32,926
4 Abacus Planning Group, Inc. 11.13% of their portfolio COLUMBIA, SC 1,419,5941.4m $83.6m $83.6m 11.13% Added +36.3k +36,320
5 Resonant Capital Advisors, LLC 3.38% of their portfolio Madison, WI 1,045,2861.0m $61.6m $61.6m 3.38% Added +29.6k +29,566
6 Madison Asset Management, LLC 0.64% of their portfolio MADISON, WI 943,332943.3k $55.6m $55.6m 0.64% Reduced -146.8k -146,805
7 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 901,472901.5k $53.1m $53.1m 0.06% Reduced -4.1k -4,116
8 AlphaCore Capital LLC 1.16% of their portfolio LA JOLLA, CA 873,102873.1k $51.4m $51.4m 1.16% Reduced -71.9k -71,860
9 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 662,755662.8k $39.0m $39.0m 0.01% Added +4.5k +4,474
10 STEEL GROVE CAPITAL ADVISORS, LLC 3.58% of their portfolio MEMPHIS, TN 583,307583.3k $34.4m $34.4m 3.58% Reduced -22.8k -22,848
11 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 577,130577.1k $34.0m $34.0m 0.01% Reduced -228.7k -228,651
12 Allen Capital Group, LLC 2.98% of their portfolio GRAND ISLAND, NE 550,849550.8k $32.4m $32.4m 2.98% Reduced -6.0k -6,018
13 Arlington Financial Advisors, LLC 4.31% of their portfolio SANTA BARBARA, CA 510,658510.7k $30.1m $30.1m 4.31% Added +19.4k +19,426
14 ODonnell Financial Services, LLC 10.00% of their portfolio SAN RAFAEL, CA 496,841496.8k $29.3m $29.3m 10.00% Added +8.3k +8,263
15 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 448,149448.1k $26.4m $26.4m 0.05% Added +8.7k +8,650
16 Crumly & Associates Inc. 4.53% of their portfolio SPRINGFIELD, IL 366,485366.5k $21.6m $21.6m 4.53% Reduced -12.8k -12,795
17 Berkeley, Inc 6.65% of their portfolio Boise, ID 355,154355.2k $20.9m $20.9m 6.65% Reduced -27.8k -27,786
18 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 330,122330.1k $19.4m $19.4m 0.05% Added +7.6k +7,626
19 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 317,955318.0k $18.7m $18.7m 0.03% Reduced -266.1k -266,055
20 LEVEL FOUR ADVISORY SERVICES, LLC 0.57% of their portfolio DALLAS, TX 293,793293.8k $17.3m $17.3m 0.57% Added +8.4k +8,375
21 Indivisible Partners 1.84% of their portfolio CLEARWATER, FL 287,395287.4k $16.9m $16.9m 1.84% First filing
22 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.09% of their portfolio IRVING, TX 252,449252.4k $14.9m $14.9m 0.09% New
23 Empire Financial Management Company, LLC 3.19% of their portfolio NEW YORK, NY 248,990249.0k $14.7m $14.7m 3.19% Reduced -501 -501
24 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 187,214187.2k $11.0m $11.0m 0.01% Reduced -11.0k -10,958
25 Orion Capital Management LLC 3.60% of their portfolio CORONADO, CA 180,879180.9k $10.7m $10.7m 3.60% Added +4.2k +4,158
26 Sunbeam Capital Management, LLC 5.90% of their portfolio ATLANTA, GA 169,136169.1k $10.0m $10.0m 5.90% Reduced -11.6k -11,648
27 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 160,129160.1k $9.4m $9.4m 0.02% Reduced -3.3k -3,307
28 Oxbow Advisors, LLC 0.82% of their portfolio Austin, TX 158,927158.9k $9.4m $9.4m 0.82% Reduced -59.7k -59,687
29 Rothschild Wealth LLC 0.85% of their portfolio OAK BROOK, IL 149,406149.4k $8.8m $8.8m 0.85% New
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 146,924146.9k $8.7m $8.7m 0.00% Reduced -99.3k -99,276
31 SAXON INTERESTS, INC. 2.99% of their portfolio HOUSTON, TX 143,635143.6k $8.5m $8.5m 2.99% Added +139.6k +139,591
32 Gladstone Institutional Advisory LLC 0.28% of their portfolio Bedminster, NJ 127,673127.7k $7.5m $7.5m 0.28% Added +617 +617
33 Old Port Advisors 1.75% of their portfolio PORTLAND, ME 120,841120.8k $7.1m $7.1m 1.75% Reduced -4.1k -4,110
34 PARK AVENUE SECURITIES LLC 0.05% of their portfolio NEW YORK, NY 105,046105.0k $6.2m $6.2m 0.05% Reduced -55.8k -55,820
35 Darwin Wealth Management, LLC 1.53% of their portfolio TAMPA, FL 83,86283.9k $4.9m $4.9m 1.53% Added +11.7k +11,657
36 AXXCESS WEALTH MANAGEMENT, LLC 0.09% of their portfolio CARLSBAD, CA 81,59181.6k $4.8m $4.8m 0.09% New
37 Fermata Advisors, LLC 1.14% of their portfolio SONOMA, CA 80,69980.7k $4.8m $4.8m 1.14% Added +7.7k +7,738
38 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 76,82176.8k $4.5m $4.5m 0.01% Added +6.9k +6,934
39 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 76,73976.7k $4.5m $4.5m 0.03% Reduced -27.4k -27,420
40 Herold Advisors, Inc. 0.94% of their portfolio New York, NY 71,36271.4k $4.2m $4.2m 0.94% Reduced -13.6k -13,646
41 Weil Company, Inc. 0.93% of their portfolio SAN DIEGO, CA 68,79468.8k $4.1m $4.1m 0.93% Added +16.1k +16,145
42 Stonebridge Financial Planning Group, LLC 1.43% of their portfolio ORLANDO, FL 67,33867.3k $4.0m $4.0m 1.43% Reduced -847 -847
43 Centerpoint Advisory Group 2.91% of their portfolio Overland Park, KS 64,07564.1k $3.8m $3.8m 2.91% Reduced -4.5k -4,541
44 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 63,53963.5k $3.7m $3.7m 0.03% Reduced -2.7k -2,694
45 Csenge Advisory Group 0.16% of their portfolio CLEARWATER, FL 59,50859.5k $3.5m $3.5m 0.16% Reduced -4.4k -4,420
46 LRI Investments, LLC 0.27% of their portfolio PALM BEACH GARDENS, FL 57,19857.2k $3.4m $3.4m 0.27% Added +7.1k +7,098
47 Aspect Partners, LLC 1.41% of their portfolio FAIRFAX, VA 54,80454.8k $3.2m $3.2m 1.41% Added +6.7k +6,685
48 IFP Advisors, Inc 0.07% of their portfolio TAMPA, FL 49,99350.0k $2.9m $2.9m 0.07% Added +3.7k +3,708
49 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 48,00048.0k $2.8m $2.8m 0.00% New
50 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 43,90743.9k $2.6m $2.6m 0.00% Added +25.5k +25,464
51 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 41,48841.5k $2.4m $2.4m 0.00% Reduced -2.1k -2,108
52 Wealth Enhancement Trust Services, Inc. 0.28% of their portfolio SIOUX FALLS, SD 37,73737.7k $2.2m $2.2m 0.28% First filing
53 THOROUGHBRED FINANCIAL SERVICES, LLC 0.12% of their portfolio BRENTWOOD, TN 35,00835.0k $2.1m $2.1m 0.12% Reduced -5.9k -5,931
54 Meramec Financial Planners, LLC 0.82% of their portfolio SAINT LOUIS, MO 34,09834.1k $2.1m $2.1m 0.82% First filing
55 Hilltop Holdings Inc. 0.11% of their portfolio DALLAS, TX 31,68331.7k $1.9m $1.9m 0.11% Added +1.0k +1,005
56 SAPIENT CAPITAL LLC 0.03% of their portfolio INDIANAPOLIS, IN 30,65330.7k $1.8m $1.8m 0.03% Added +1.2k +1,241
57 FLAGSHIP HARBOR ADVISORS, LLC 0.08% of their portfolio BOSTON, MA 29,83929.8k $1.8m $1.8m 0.08% Added +359 +359
58 HARBOUR INVESTMENTS, INC. 0.03% of their portfolio MADISON, WI 29,02829.0k $1.7m $1.7m 0.03% Reduced -5.4k -5,353
59 MGO ONE SEVEN LLC 0.03% of their portfolio Beachwood, OH 28,97229.0k $1.7m $1.7m 0.03% Reduced -12.2k -12,198
60 TFR Capital, LLC. 0.56% of their portfolio PLANO, TX 28,78328.8k $1.7m $1.7m 0.56% Added +109 +109
61 Barry Investment Advisors, LLC 0.37% of their portfolio NEW BEDFORD, MA 28,39328.4k $1.7m $1.7m 0.37% Added +1.3k +1,344
62 American Alpha Advisors, LLC 0.94% of their portfolio NEW YORK, NY 25,42325.4k $1.5m $1.5m 0.94% Added +3.4k +3,360
63 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 24,19824.2k $1.4m $1.4m 0.02% Reduced -165 -165
64 Rehmann Capital Advisory Group 0.07% of their portfolio LANSING, MI 23,61423.6k $1.4m $1.4m 0.07% Reduced -6 -6
65 Hibernia Wealth Partners, LLC 0.42% of their portfolio BATON ROUGE, LA 23,43823.4k $1.4m $1.4m 0.42% Added +11.7k +11,651
66 Braeburn Wealth Management LLC 0.68% of their portfolio MUSKEGON, MI 22,70522.7k $1.3m $1.3m 0.68% First filing
67 HUNTINGTON NATIONAL BANK 0.01% of their portfolio COLUMBUS, OH 22,25022.2k $1.3m $1.3m 0.01% Unchanged
68 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 20,06920.1k $1.2m $1.2m 0.00% Reduced -21.6k -21,643
69 Mariner, LLC 0.00% of their portfolio Overland Park, KS 18,83418.8k $1.1m $1.1m 0.00% Added +592 +592
70 HERITAGE OAK WEALTH ADVISORS LLC 0.40% of their portfolio SANTA ROSA BEACH, FL 18,14918.1k $1.1m $1.1m 0.40% Reduced -137 -137
71 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 17,81917.8k $1.0m $1.0m 0.00% Added +4.6k +4,572
72 Ausdal Financial Partners, Inc. 0.05% of their portfolio Davenport, IA 16,89716.9k $995.3k $995.3k 0.05% Reduced -15.2k -15,181
73 Freestone Capital Holdings, LLC 0.03% of their portfolio Seattle, WA 14,42514.4k $849.6k $849.6k 0.03% New
74 SIERRA SUMMIT ADVISORS LLC 0.12% of their portfolio INCLINE VILLAGE, NV 13,72313.7k $808.3k $808.3k 0.12% New
75 PARK NATIONAL CORP /OH/ 0.02% of their portfolio NEWARK, OH 13,52913.5k $796.9k $796.9k 0.02% Reduced -6.8k -6,787
76 Hutchens & Kramer Investment Management Group, LLC 0.26% of their portfolio CARMEL, IN 12,74512.7k $750.7k $750.7k 0.26% Reduced -245 -245
77 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 12,17412.2k $717.0k $717.0k 0.00% Reduced -1.1k -1,088
78 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 10,53310.5k $620.4k $620.4k 0.00% Added +5 +5
79 ONE PLUS ONE WEALTH MANAGEMENT, LLC 0.28% of their portfolio JUPITER, FL 10,37710.4k $611.2k $611.2k 0.28% New
80 LANDMARK WEALTH MANAGEMENT, INC. 0.23% of their portfolio NORMAL, IL 10,22510.2k $602.3k $602.3k 0.23% Unchanged
81 WealthCare Investment Partners, LLC 0.17% of their portfolio PORTSMOUTH, RI 9,98010.0k $588.3k $588.3k 0.17% Added +32 +32
82 Accurate Wealth Management, LLC 0.07% of their portfolio WESLEY CHAPEL, FL 9,6949.7k $584.2k $584.2k 0.07% Reduced -1.3k -1,251
83 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 9,5189.5k $560.6k $560.6k 0.00% Added +5.4k +5,390
84 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 9,4579.5k $557.0k $557.0k 0.00% New
85 Global View Capital Management LLC 0.10% of their portfolio WAUKESHA, WI 9,1949.2k $541.5k $541.5k 0.10% Reduced -885 -885
86 Focus Partners Advisor Solutions, LLC 0.01% of their portfolio SAINT LOUIS, MO 9,1079.1k $536.4k $536.4k 0.01% New
87 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,0279.0k $531.7k $531.7k 0.00% Reduced -2.1k -2,073
88 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 8,9689.0k $528.2k $528.2k 0.00% Added +277 +277
89 SimpliFi, Inc. 0.22% of their portfolio SAN DIEGO, CA 8,8768.9k $522.8k $522.8k 0.22% Reduced -182 -182
90 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 8,3788.4k $493.5k $493.5k 0.00% New
91 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,2257.2k $425.0k $425.0k 0.00% Reduced -426 -426
92 Anchor Investment Management, LLC 0.03% of their portfolio COLUMBIA, SC 7,1647.2k $422.0k $422.0k 0.03% Unchanged
93 Meridian Financial Advisors, LLC 0.22% of their portfolio HOLLISTON, MA 7,0007.0k $412.3k $412.3k 0.22% Added +100 +100
94 Certified Advisory Corp 0.04% of their portfolio ALTAMONTE SPRINGS, FL 6,7946.8k $400.1k $400.1k 0.04% Unchanged
95 HUB Investment Partners, LLC 0.01% of their portfolio AUSTIN, TX 6,2726.3k $369.4k $369.4k 0.01% New
96 Brady Martz Wealth Solutions, LLC 0.06% of their portfolio GRAND FORKS, ND 6,0276.0k $355.0k $355.0k 0.06% New
97 BCU Wealth Advisors, LLC 0.13% of their portfolio Vernon Hills, IL 5,9165.9k $348.4k $348.4k 0.13% Added +12 +12
98 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,9135.9k $348.3k $348.3k 0.00% Added +813 +813
99 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,7775.8k $340.3k $340.3k 0.00% Unchanged
100 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 5,4505.5k $321.0k $321.0k 0.00% Reduced -4.2k -4,159