Vault-13

ETF SER SOLUTIONS DSTL

DISTILLATE US · ETP · CUSIP 26922A321

145 institutional holders +1 vs Q4 2025
23,569,82223.6m shares reported held*
$1.4bnreported value*
13 new 48 added 60 reduced 11 sold out net sold ≈ $78.4m (-1.4m 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 ($223.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.76.

Trends to Q1 2026

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: 144Q1 26: 145145Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026145

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q4 25: 63 bought or addedQ4 25: 69 cut or sold outQ1 26: 61 bought or addedQ1 26: 71 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20249136
Q3 20246753
Q4 20246061
Q1 20256763
Q2 20256276
Q3 20255573
Q4 20256369
Q1 20266171

Biggest buyers

Sequoia Financial Advisors, LLC Added +171,383+171.4k
Resonant Capital Advisors, LLC Added +114,932+114.9k
NorthCrest Asset Manangement, LLC New +74,144+74.1k
AlphaCore Capital LLC Added +68,659+68.7k
STEEL GROVE CAPITAL ADVISORS, LLC Added +36,756+36.8k
JPMORGAN CHASE & CO Added +30,874+30.9k
Arlington Financial Advisors, LLC Added +24,051+24.1k
PARK AVENUE SECURITIES LLC Added +21,535+21.5k
ROYAL BANK OF CANADA Added +20,942+20.9k
ENVESTNET ASSET MANAGEMENT INC Added +19,315+19.3k

Biggest sellers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -708,317-708.3k
ODonnell Financial Services, LLC Reduced -331,398-331.4k
OXFORD FINANCIAL GROUP, LTD. LLC Reduced -208,623-208.6k
Madison Asset Management, LLC Reduced -127,725-127.7k
Gladstone Institutional Advisory LLC Sold out -127,673-127.7k
Cetera Investment Advisers Reduced -104,210-104.2k
AXXCESS WEALTH MANAGEMENT, LLC Sold out -81,591-81.6k
Csenge Advisory Group Reduced -49,172-49.2k
TWO SIGMA INVESTMENTS, LP Sold out -48,000-48.0k
LPL Financial LLC Reduced -35,502-35.5k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Sequoia Financial Advisors, LLC 1.92% of their portfolio Akron, OH 5,923,8435.9m $342.9m $342.9m 1.92% Added +171.4k +171,383
2 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.22% of their portfolio PLYMOUTH, MN 1,822,0491.8m $101.4m $101.4m 0.22% Reduced -708.3k -708,317
3 Abacus Planning Group, Inc. 11.17% of their portfolio COLUMBIA, SC 1,433,2581.4m $83.0m $83.0m 11.17% Added +13.7k +13,664
4 OXFORD FINANCIAL GROUP, LTD. LLC 4.28% of their portfolio INDIANAPOLIS, IN 1,373,3761.4m $79.5m $79.5m 4.28% Reduced -208.6k -208,623
5 Resonant Capital Advisors, LLC 3.53% of their portfolio Madison, WI 1,160,2181.2m $67.2m $67.2m 3.53% Added +114.9k +114,932
6 AlphaCore Capital LLC 1.29% of their portfolio LA JOLLA, CA 941,761941.8k $54.5m $54.5m 1.29% Added +68.7k +68,659
7 Madison Asset Management, LLC 0.59% of their portfolio MADISON, WI 815,607815.6k $47.2m $47.2m 0.59% Reduced -127.7k -127,725
8 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 797,262797.3k $46.1m $46.1m 0.05% Reduced -104.2k -104,210
9 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 645,114645.1k $37.3m $37.3m 0.01% Reduced -17.6k -17,641
10 STEEL GROVE CAPITAL ADVISORS, LLC 3.79% of their portfolio MEMPHIS, TN 620,063620.1k $35.9m $35.9m 3.79% Added +36.8k +36,756
11 Allen Capital Group, LLC 2.89% of their portfolio GRAND ISLAND, NE 554,563554.6k $32.1m $32.1m 2.89% Added +3.7k +3,714
12 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 541,628541.6k $31.3m $31.3m 0.01% Reduced -35.5k -35,502
13 Arlington Financial Advisors, LLC 4.41% of their portfolio SANTA BARBARA, CA 534,709534.7k $30.9m $30.9m 4.41% Added +24.1k +24,051
14 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 450,827450.8k $26.1m $26.1m 0.05% Added +2.7k +2,678
15 Berkeley, Inc 7.06% of their portfolio Boise, ID 363,522363.5k $21.0m $21.0m 7.06% Added +8.4k +8,368
16 Crumly & Associates Inc. 4.37% of their portfolio SPRINGFIELD, IL 359,166359.2k $20.8m $20.8m 4.37% Reduced -7.3k -7,319
17 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 312,996313.0k $18.1m $18.1m 0.05% Reduced -17.1k -17,126
18 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 311,398311.4k $18.0m $18.0m 0.03% Reduced -6.6k -6,557
19 Indivisible Partners 1.52% of their portfolio CLEARWATER, FL 296,463296.5k $17.2m $17.2m 1.52% Added +9.1k +9,068
20 LEVEL FOUR ADVISORY SERVICES, LLC 0.51% of their portfolio DALLAS, TX 269,780269.8k $15.6m $15.6m 0.51% Reduced -24.0k -24,013
21 Empire Financial Management Company, LLC 3.36% of their portfolio NEW YORK, NY 256,581256.6k $14.9m $14.9m 3.36% Added +7.6k +7,591
22 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.09% of their portfolio IRVING, TX 255,620255.6k $14.8m $14.8m 0.09% Added +3.2k +3,171
23 Orion Capital Management LLC 3.57% of their portfolio CORONADO, CA 178,302178.3k $10.3m $10.3m 3.57% Reduced -2.6k -2,577
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 177,798177.8k $10.1m $10.1m 0.00% Added +30.9k +30,874
25 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 173,153173.2k $10.0m $10.0m 0.01% Reduced -14.1k -14,061
26 Sunbeam Capital Management, LLC 5.67% of their portfolio ATLANTA, GA 171,099171.1k $9.9m $9.9m 5.67% Added +2.0k +1,963
27 ODonnell Financial Services, LLC 3.30% of their portfolio SAN RAFAEL, CA 165,443165.4k $9.6m $9.6m 3.30% Reduced -331.4k -331,398
28 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 156,294156.3k $9.0m $9.0m 0.02% Reduced -3.8k -3,835
29 Rothschild Wealth LLC 0.81% of their portfolio OAK BROOK, IL 154,618154.6k $8.9m $8.9m 0.81% Added +5.2k +5,212
30 SAXON INTERESTS, INC. 2.69% of their portfolio HOUSTON, TX 134,729134.7k $7.8m $7.8m 2.69% Reduced -8.9k -8,906
31 PARK AVENUE SECURITIES LLC 0.06% of their portfolio NEW YORK, NY 126,581126.6k $7.3m $7.3m 0.06% Added +21.5k +21,535
32 Oxbow Advisors, LLC 0.62% of their portfolio Austin, TX 125,118125.1k $7.2m $7.2m 0.62% Reduced -33.8k -33,809
33 Old Port Advisors 1.64% of their portfolio PORTLAND, ME 122,872122.9k $7.1m $7.1m 1.64% Added +2.0k +2,031
34 Weil Company, Inc. 1.12% of their portfolio SAN DIEGO, CA 85,89285.9k $5.0m $5.0m 1.12% Added +17.1k +17,098
35 Fermata Advisors, LLC 1.05% of their portfolio SONOMA, CA 80,46880.5k $4.7m $4.7m 1.05% Reduced -231 -231
36 Darwin Wealth Management, LLC 1.38% of their portfolio TAMPA, FL 76,30276.3k $4.4m $4.4m 1.38% Reduced -7.6k -7,560
37 NorthCrest Asset Manangement, LLC 0.13% of their portfolio PLYMOUTH, MN 74,14474.1k $4.3m $4.3m 0.13% New
38 LRI Investments, LLC 0.38% of their portfolio PALM BEACH GARDENS, FL 74,12474.1k $4.3m $4.3m 0.38% Added +16.9k +16,926
39 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 70,72070.7k $4.1m $4.1m 0.01% Reduced -6.1k -6,101
40 Herold Advisors, Inc. 0.88% of their portfolio New York, NY 68,84768.8k $4.0m $4.0m 0.88% Reduced -2.5k -2,515
41 Stonebridge Financial Planning Group, LLC 1.38% of their portfolio ORLANDO, FL 65,12365.1k $3.8m $3.8m 1.38% Reduced -2.2k -2,215
42 Centerpoint Advisory Group 2.72% of their portfolio Overland Park, KS 62,32662.3k $3.6m $3.6m 2.72% Reduced -1.7k -1,749
43 Aspect Partners, LLC 1.32% of their portfolio FAIRFAX, VA 55,78455.8k $3.2m $3.2m 1.32% Added +980 +980
44 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 54,66654.7k $3.2m $3.2m 0.02% Reduced -8.9k -8,873
45 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 47,27347.3k $2.8m $2.8m 0.02% Reduced -29.5k -29,466
46 IFP Advisors, Inc 0.05% of their portfolio TAMPA, FL 41,75141.8k $2.4m $2.4m 0.05% Reduced -8.2k -8,242
47 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 40,51240.5k $2.3m $2.3m 0.00% Reduced -3.4k -3,395
48 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 39,38439.4k $2.3m $2.3m 0.00% Added +19.3k +19,315
49 Wealth Enhancement Trust Services, Inc. 0.27% of their portfolio SIOUX FALLS, SD 37,85037.9k $2.2m $2.2m 0.27% Added +113 +113
50 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 35,03935.0k $2.0m $2.0m 0.00% Reduced -6.4k -6,449
51 American Alpha Advisors, LLC 1.12% of their portfolio NEW YORK, NY 33,10033.1k $1.9m $1.9m 1.12% Added +7.7k +7,677
52 THOROUGHBRED FINANCIAL SERVICES, LLC 0.11% of their portfolio BRENTWOOD, TN 32,55532.6k $1.9m $1.9m 0.11% Reduced -2.5k -2,453
53 Hilltop Holdings Inc. 0.16% of their portfolio DALLAS, TX 31,37231.4k $1.8m $1.8m 0.16% Reduced -311 -311
54 HARBOUR INVESTMENTS, INC. 0.03% of their portfolio MADISON, WI 31,19931.2k $1.8m $1.8m 0.03% Added +2.2k +2,171
55 FLAGSHIP HARBOR ADVISORS, LLC 0.08% of their portfolio BOSTON, MA 30,07730.1k $1.7m $1.7m 0.08% Added +238 +238
56 Meramec Financial Planners, LLC 0.72% of their portfolio SAINT LOUIS, MO 30,00930.0k $1.8m $1.8m 0.72% Reduced -4.1k -4,089
57 SAPIENT CAPITAL LLC 0.02% of their portfolio INDIANAPOLIS, IN 28,38828.4k $1.6m $1.6m 0.02% Reduced -2.3k -2,265
58 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 28,16728.2k $1.6m $1.6m 0.00% Added +20.9k +20,942
59 TFR Capital, LLC. 0.49% of their portfolio PLANO, TX 27,35527.4k $1.6m $1.6m 0.49% Reduced -1.4k -1,428
60 Barry Investment Advisors, LLC 0.34% of their portfolio NEW BEDFORD, MA 26,63326.6k $1.5m $1.5m 0.34% Reduced -1.8k -1,760
61 MGO ONE SEVEN LLC 0.03% of their portfolio Beachwood, OH 26,59226.6k $1.5m $1.5m 0.03% Reduced -2.4k -2,380
62 Hibernia Wealth Partners, LLC 0.41% of their portfolio BATON ROUGE, LA 23,89723.9k $1.4m $1.4m 0.41% Added +459 +459
63 Rehmann Capital Advisory Group 0.07% of their portfolio LANSING, MI 23,60823.6k $1.4m $1.4m 0.07% Reduced -6 -6
64 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 23,56823.6k $1.4m $1.4m 0.02% Reduced -630 -630
65 HUNTINGTON NATIONAL BANK 0.01% of their portfolio COLUMBUS, OH 22,25022.2k $1.3m $1.3m 0.01% Unchanged
66 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 19,55119.6k $1.1m $1.1m 0.00% Added +1.7k +1,732
67 Signal Advisors Wealth, LLC 0.08% of their portfolio DETROIT, MI 19,04519.0k $1.1m $1.1m 0.08% New
68 Mariner, LLC 0.00% of their portfolio Overland Park, KS 18,83418.8k $1.1m $1.1m 0.00% Unchanged
69 HERITAGE OAK WEALTH ADVISORS LLC 0.34% of their portfolio SANTA ROSA BEACH, FL 18,47718.5k $1.1m $1.1m 0.34% Added +328 +328
70 Ausdal Financial Partners, Inc. 0.04% of their portfolio Davenport, IA 15,11515.1k $874.8k $874.8k 0.04% Reduced -1.8k -1,782
71 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 14,07014.1k $814.4k $814.4k 0.01% New
72 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 12,89412.9k $746.3k $746.3k 0.00% New
73 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 12,00512.0k $694.9k $694.9k 0.00% Added +3.0k +2,978
74 ONE PLUS ONE WEALTH MANAGEMENT, LLC 0.29% of their portfolio JUPITER, FL 11,83911.8k $685.3k $685.3k 0.29% Added +1.5k +1,462
75 PARK NATIONAL CORP /OH/ 0.02% of their portfolio NEWARK, OH 11,70411.7k $677.4k $677.4k 0.02% Reduced -1.8k -1,825
76 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 11,41611.4k $660.8k $660.8k 0.00% New
77 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 11,03511.0k $638.7k $638.7k 0.00% Added +1.5k +1,517
78 Focus Partners Advisor Solutions, LLC 0.01% of their portfolio SAINT LOUIS, MO 10,86610.9k $628.9k $628.9k 0.01% Added +1.8k +1,759
79 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 10,69210.7k $618.8k $618.8k 0.00% Added +159 +159
80 Csenge Advisory Group 0.03% of their portfolio CLEARWATER, FL 10,33610.3k $598.3k $598.3k 0.03% Reduced -49.2k -49,172
81 LANDMARK WEALTH MANAGEMENT, INC. 0.22% of their portfolio NORMAL, IL 10,22510.2k $591.8k $591.8k 0.22% Unchanged
82 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 10,09510.1k $584.3k $584.3k 0.00% Reduced -2.1k -2,079
83 Hutchens & Kramer Investment Management Group, LLC 0.18% of their portfolio CARMEL, IN 10,01810.0k $579.8k $579.8k 0.18% Reduced -2.7k -2,727
84 WealthCare Investment Partners, LLC 0.16% of their portfolio PORTSMOUTH, RI 9,98010.0k $579.6k $579.6k 0.16% Unchanged
85 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 9,9339.9k $575.0k $575.0k 0.02% New
86 SimpliFi, Inc. 0.22% of their portfolio SAN DIEGO, CA 9,0719.1k $525.0k $525.0k 0.22% Added +195 +195
87 Braeburn Wealth Management LLC 0.30% of their portfolio MUSKEGON, MI 9,0079.0k $521.3k $521.3k 0.30% Reduced -13.7k -13,698
88 Global View Capital Management LLC 0.13% of their portfolio WAUKESHA, WI 8,3558.4k $483.6k $483.6k 0.13% Reduced -839 -839
89 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 7,9387.9k $459.5k $459.5k 0.00% Reduced -440 -440
90 Brady Martz Wealth Solutions, LLC 0.08% of their portfolio GRAND FORKS, ND 7,7867.8k $450.7k $450.7k 0.08% Added +1.8k +1,759
91 Anchor Investment Management, LLC 0.03% of their portfolio COLUMBIA, SC 7,1647.2k $414.7k $414.7k 0.03% Unchanged
92 Certified Advisory Corp 0.04% of their portfolio ALTAMONTE SPRINGS, FL 6,7946.8k $393.2k $393.2k 0.04% Unchanged
93 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 6,6886.7k $387.1k $387.1k 0.00% New
94 Accurate Wealth Management, LLC 0.05% of their portfolio WESLEY CHAPEL, FL 6,6276.6k $381.6k $381.6k 0.05% Reduced -3.1k -3,067
95 Brooklyn Investment Group 0.01% of their portfolio NEW YORK, NY 6,6216.6k $383.2k $383.2k 0.01% New
96 HUB Investment Partners, LLC 0.01% of their portfolio AUSTIN, TX 6,2726.3k $363.0k $363.0k 0.01% Unchanged
97 Meridian Financial Advisors, LLC 0.19% of their portfolio HOLLISTON, MA 6,0006.0k $347.3k $347.3k 0.19% Reduced -1.0k -1,000
98 BCU Wealth Advisors, LLC 0.13% of their portfolio Vernon Hills, IL 5,9285.9k $343.1k $343.1k 0.13% Added +12 +12
99 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,8275.8k $337.3k $337.3k 0.00% Added +50 +50
100 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,5035.5k $318.5k $318.5k 0.00% Reduced -410 -410