Vault-13

ETF SER SOLUTIONS DRSK

APTUS DEFINED · ETP · CUSIP 26922A388

84 institutional holders +4 vs Q1 2025
49,614,22049.6m shares reported held*
$1.4bnreported value*
16 new 45 added 15 reduced 14 sold out net bought ≈ $148.0m (+5.2m 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 ($7.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $28.74.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 57Q4 22: 68Q1 23: 62Q2 23: 55Q3 23: 46Q4 23: 51Q1 24: 49Q2 24: 58Q3 24: 67Q4 24: 81Q1 25: 80Q2 25: 8484Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202257
Q4 202268
Q1 202362
Q2 202355
Q3 202346
Q4 202351
Q1 202449
Q2 202458
Q3 202467
Q4 202481
Q1 202580
Q2 202584

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 11 bought or addedQ3 23: 37 cut or sold outQ4 23: 19 bought or addedQ4 23: 28 cut or sold outQ4 23Q1 24: 29 bought or addedQ1 24: 23 cut or sold outQ2 24: 41 bought or addedQ2 24: 18 cut or sold outQ2 24Q3 24: 46 bought or addedQ3 24: 14 cut or sold outQ4 24: 53 bought or addedQ4 24: 20 cut or sold outQ4 24Q1 25: 56 bought or addedQ1 25: 25 cut or sold outQ2 25: 61 bought or addedQ2 25: 29 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231137
Q4 20231928
Q1 20242923
Q2 20244118
Q3 20244614
Q4 20245320
Q1 20255625
Q2 20256129

Biggest buyers

Integrated Wealth Concepts LLC Added +1,433,964+1.4m
Aptus Capital Advisors, LLC Added +1,422,195+1.4m
Thrivent Financial for Lutherans New +433,292+433.3k
Wealthcare Advisory Partners LLC New +337,108+337.1k
SevenBridge Financial Group, LLC Added +244,284+244.3k
GUARDIAN WEALTH ADVISORS, LLC / NC Added +228,595+228.6k
Advisory Services Network, LLC Added +215,658+215.7k
Uniting Wealth Partners, LLC New +185,083+185.1k
Signal Advisors Wealth, LLC Added +144,442+144.4k
EdgeRock Capital LLC Added +135,263+135.3k

Biggest sellers

Naviter Wealth, LLC Sold out -270,954-271.0k
Talon Private Wealth, LLC Reduced -259,250-259.2k
Advisor Resource Council Reduced -112,433-112.4k
MERCER GLOBAL ADVISORS INC /ADV Reduced -83,173-83.2k
Bienville Capital Management, LLC Reduced -47,551-47.6k
JANE STREET GROUP, LLC Sold out -44,137-44.1k
Clarus Group, Inc. Reduced -19,803-19.8k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Sold out -17,925-17.9k
PARK AVENUE SECURITIES LLC Sold out -14,554-14.6k
Safe Harbor Fiduciary, LLC Sold out -13,813-13.8k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Aptus Capital Advisors, LLC 3.76% of their portfolio FAIRHOPE, AL 13,229,19213.2m $380.2m $380.2m 3.76% Added +1.4m +1,422,195
2 Integrated Wealth Concepts LLC 1.70% of their portfolio WALTHAM, MA 5,889,9125.9m $169.3m $169.3m 1.70% Added +1.4m +1,433,964
3 GUARDIAN WEALTH ADVISORS, LLC / NC 7.99% of their portfolio RALEIGH, NC 3,948,7573.9m $113.5m $113.5m 7.99% Added +228.6k +228,595
4 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 3,348,8453.3m $96.2m $96.2m 0.03% Added +74.2k +74,194
5 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,691,0931.7m $48.6m $48.6m 0.01% Added +60.4k +60,446
6 Diversified Enterprises, LLC 3.47% of their portfolio Wilmington, DE 1,619,0181.6m $46.5m $46.5m 3.47% Added +66.1k +66,132
7 Talon Private Wealth, LLC 6.04% of their portfolio THE VILLAGES, FL 1,525,0081.5m $43.8m $43.8m 6.04% Reduced -259.2k -259,250
8 KFG WEALTH MANAGEMENT, LLC 6.56% of their portfolio GRANGER, IN 1,419,6151.4m $40.8m $40.8m 6.56% Added +74.6k +74,637
9 Clarus Group, Inc. 13.77% of their portfolio HOUSTON, TX 1,304,7681.3m $37.5m $37.5m 13.77% Reduced -19.8k -19,803
10 Second Line Capital, LLC 8.41% of their portfolio METAIRIE, LA 1,259,8711.3m $36.2m $36.2m 8.41% Added +32.2k +32,208
11 Compass Ion Advisors, LLC 3.62% of their portfolio CONSHOHOCKEN, PA 1,163,8551.2m $33.4m $33.4m 3.62% Added +103.0k +103,020
12 Brookstone Capital Management 0.40% of their portfolio WHEATON, IL 1,068,0851.1m $30.7m $30.7m 0.40% Added +16.6k +16,587
13 BROGAN FINANCIAL, INC. 12.85% of their portfolio KNOXVILLE, TN 1,000,4411.0m $28.8m $28.8m 12.85% Added +24.0k +23,992
14 First Heartland Consultants, Inc. 2.22% of their portfolio LAKE ST. LOUIS, MO 867,479867.5k $24.9m $24.9m 2.22% Added +83.8k +83,825
15 SevenBridge Financial Group, LLC 4.01% of their portfolio HARRISBURG, PA 790,059790.1k $22.8m $22.8m 4.01% Added +244.3k +244,284
16 Waterloo Capital, L.P. 1.62% of their portfolio AUSTIN, TX 696,714696.7k $20.0m $20.0m 1.62% Added +63.4k +63,408
17 Signal Advisors Wealth, LLC 1.56% of their portfolio DETROIT, MI 692,381692.4k $19.9m $19.9m 1.56% Added +144.4k +144,442
18 Advisory Services Network, LLC 0.31% of their portfolio ATLANTA, GA 665,809665.8k $19.0m $19.0m 0.31% Added +215.7k +215,658
19 Park Place Capital Corp 3.69% of their portfolio Homewood, AL 567,477567.5k $16.2m $16.2m 3.69% Added +38.9k +38,905
20 Sunburst Financial Group, LLC 3.41% of their portfolio VESTAVIA HILLS, AL 529,746529.7k $15.2m $15.2m 3.41% Added +26.3k +26,292
21 Bienville Capital Management, LLC 2.98% of their portfolio New York, NY 525,818525.8k $15.1m $15.1m 2.98% Reduced -47.6k -47,551
22 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 433,292433.3k $12.5m $12.5m 0.03% New
23 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 412,087412.1k $11.8m $11.8m 0.00% Added +45.1k +45,148
24 TrueWealth Advisors, LLC 3.46% of their portfolio BIRMINGHAM, AL 407,274407.3k $11.7m $11.7m 3.46% Added +53.1k +53,099
25 Wealth Advisory Team LLC 10.68% of their portfolio BELLEVUE, KY 397,185397.2k $11.4m $11.4m 10.68% First filing
26 Wealthcare Advisory Partners LLC 0.22% of their portfolio WEST CHESTER, PA 337,108337.1k $9.7m $9.7m 0.22% New
27 MBE Wealth Management, LLC 3.93% of their portfolio TOMAH, WI 314,267314.3k $9.0m $9.0m 3.93% Added +3.8k +3,835
28 SILVER OAK SECURITIES, INCORPORATED 0.74% of their portfolio JACKSON, TN 310,229310.2k $8.9m $8.9m 0.74% Added +30.5k +30,483
29 Pandora Wealth, Inc. 4.89% of their portfolio OAKBROOK TERRACE, IL 276,504276.5k $7.9m $7.9m 4.89% Added +818 +818
30 Cushing Capital Partners, LLC 6.48% of their portfolio DELAFIELD, WI 266,739266.7k $7.7m $7.7m 6.48% Added +11.8k +11,755
31 Lord & Richards Wealth Management, LLC 7.87% of their portfolio HIGHLANDS RANCH, CO 261,886261.9k $7.5m $7.5m 7.87% Added +53.0k +53,008
32 United Advisor Group, LLC 1.21% of their portfolio CINCINNATI, OH 243,832243.8k $7.0m $7.0m 1.21% Added +15.5k +15,477
33 EdgeRock Capital LLC 1.93% of their portfolio DENVER, CO 212,099212.1k $6.1m $6.1m 1.93% Added +135.3k +135,263
34 Uniting Wealth Partners, LLC 2.06% of their portfolio DENVER, CO 185,083185.1k $5.3m $5.3m 2.06% New
35 MARIPAU WEALTH MANAGEMENT LLC 2.60% of their portfolio FORT WAYNE, IN 178,927178.9k $5.2m $5.2m 2.60% Added +8.6k +8,606
36 Financial Guidance Group, Inc. 2.32% of their portfolio Palm Harbor, FL 166,475166.5k $4.8m $4.8m 2.32% Added +26.1k +26,118
37 GERBER, LLC 3.08% of their portfolio COLUMBUS, OH 152,256152.3k $4.4m $4.4m 3.08% Added +69.9k +69,937
38 ONE PLUS ONE WEALTH MANAGEMENT, LLC 2.35% of their portfolio JUPITER, FL 149,747149.7k $4.3m $4.3m 2.35% Reduced -372 -372
39 SWS Partners 1.08% of their portfolio COLUMBUS, OH 139,249139.2k $4.0m $4.0m 1.08% Added +16.1k +16,148
40 RENASANT BANK 2.56% of their portfolio Tupelo, MS 133,219133.2k $3.8m $3.8m 2.56% Added +13.2k +13,204
41 Code Waechter LLC 2.61% of their portfolio TAMPA, FL 127,784127.8k $3.7m $3.7m 2.61% Added +1.0k +1,027
42 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 119,892119.9k $3.4m $3.4m 0.01% Reduced -9.5k -9,471
43 Second Half Financial Partners, LLC 1.49% of their portfolio SEBRING, FL 110,336110.3k $3.2m $3.2m 1.49% Added +2.0k +2,015
44 LEAVELL INVESTMENT MANAGEMENT, INC. 0.11% of their portfolio MOBILE, AL 86,00086.0k $2.5m $2.5m 0.11% Unchanged
45 Prime Capital Investment Advisors, LLC 0.03% of their portfolio OVERLAND PARK, KS 75,95876.0k $2.2m $2.2m 0.03% New
46 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 75,31175.3k $2.2m $2.2m 0.03% Added +17.3k +17,329
47 True Vision MN LLC 1.04% of their portfolio WOODBURY, MN 65,60165.6k $1.9m $1.9m 1.04% Reduced -3.1k -3,075
48 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 51,37451.4k $1.5m $1.5m 0.00% Added +49.4k +49,366
49 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 43,40543.4k $1.2m $1.2m 0.01% Added +6.8k +6,802
50 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 36,79536.8k $1.1m $1.1m 0.00% Reduced -83.2k -83,173
51 Retirement Planning Group, LLC 0.04% of their portfolio LEAWOOD, KS 35,48335.5k $1.0m $1.0m 0.04% Reduced -2.2k -2,177
52 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 29,58029.6k $850.0k $850.0k 0.00% Added +24.6k +24,638
53 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 27,92927.9k $802.7k $802.7k 0.02% New
54 Magnolia Private Wealth, LLC 0.54% of their portfolio PHILADELPHIA, PA 24,20224.2k $695.6k $695.6k 0.54% Reduced -9.6k -9,577
55 BOKF, NA 0.01% of their portfolio TULSA, OK 23,71223.7k $681.5k $681.5k 0.01% Added +3.2k +3,196
56 Betterment LLC 0.00% of their portfolio NEW YORK, NY 19,82419.8k $570.0k $570.0k 0.00% New
57 Jacobi Capital Management LLC 0.04% of their portfolio PITTSTON, PA 19,59319.6k $563.1k $563.1k 0.04% Added +197 +197
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 18,65518.7k $536.1k $536.1k 0.00% New
59 Independent Advisor Alliance 0.02% of their portfolio CHARLOTTE, NC 18,46618.5k $530.7k $530.7k 0.02% New
60 WOLVERINE TRADING, LLC 0.01% of their portfolio CHICAGO, IL 13,18013.2k $376.2k $376.2k 0.01% New
61 Advisor Resource Council 0.16% of their portfolio DALLAS, TX 11,65811.7k $335.1k $335.1k 0.16% Reduced -112.4k -112,433
62 Gladstone Institutional Advisory LLC 0.01% of their portfolio Bedminster, NJ 11,54911.5k $331.9k $331.9k 0.01% New
63 Virtue Capital Management, LLC 0.06% of their portfolio BRENTWOOD, TN 10,80010.8k $310.4k $310.4k 0.06% Added +407 +407
64 RDA Financial Network 0.08% of their portfolio AKRON, IA 9,7059.7k $278.9k $278.9k 0.08% Reduced -265 -265
65 Meridian Wealth Management, LLC 0.01% of their portfolio LEXINGTON, KY 7,4747.5k $214.8k $214.8k 0.01% New
66 McElhenny Sheffield Capital Management, LLC 0.06% of their portfolio DALLAS, TX 7,4007.4k $212.7k $212.7k 0.06% Unchanged
67 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 3,9053.9k $112.2k $112.2k 0.00% First filing
68 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,8131.8k $52.1k $52.1k 0.00% Added +665 +665
69 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 1,7911.8k $51.5k $51.5k 0.00% Reduced -36 -36
70 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,4951.5k $43.0k $43.0k 0.00% Reduced -447 -447
71 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,3951.4k $40.1k $40.1k 0.00% Reduced -221 -221
72 Creekmur Asset Management LLC 0.00% of their portfolio MORTON, IL 942942 $27.1k $27.1k 0.00% New
73 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 865865 $24.9k $24.9k 0.00% Unchanged
74 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 849849 $24.4k $24.4k 0.00% Added +315 +315
75 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 556556 $16.0k $16.0k 0.00% New
76 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 391391 $11.2k $11.2k 0.00% New
77 Richard W. Paul & Associates, LLC 0.00% of their portfolio NOVI, MI 328328 $9.4k $9.4k 0.00% Unchanged
78 FSA Wealth Management LLC 0.00% of their portfolio Needham, MA 309309 $8.9k $8.9k 0.00% New
79 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 212212 $6.1k $6.1k 0.00% Unchanged
80 WealthShield Partners, LLC 0.00% of their portfolio CARY, NC 6262 $1.8k $1.8k 0.00% Reduced -62 -62
81 Beacon Capital Management, LLC 0.00% of their portfolio FRANKLIN, TN 6262 $1.8k $1.8k 0.00% Added +1 +1
82 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 2323 $661 $661 0.00% New
83 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 22 $63 $63 0.00% Added +1 +1
84 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged