Vault-13

ETF SER SOLUTIONS SMIG

BAHL GAYNOR SML · ETP · CUSIP 26922B832

63 institutional holders -1 vs Q1 2026
29,036,43629.0m shares reported held*
$952.7mreported value*
8 new 25 added 19 reduced 9 sold out net bought ≈ $59.5m (+1.8m 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $32.81.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 11Q4 22: 15Q1 23: 21Q2 23: 23Q3 23: 28Q4 23: 33Q1 24: 29Q2 24: 31Q3 24: 40Q4 24: 49Q1 25: 53Q2 25: 57Q3 25: 52Q4 25: 59Q1 26: 64Q2 26: 6363Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202211
Q4 202215
Q1 202321
Q2 202323
Q3 202328
Q4 202333
Q1 202429
Q2 202431
Q3 202440
Q4 202449
Q1 202553
Q2 202557
Q3 202552
Q4 202559
Q1 202664
Q2 202663

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 24: 29 bought or addedQ3 24: 7 cut or sold outQ4 24: 37 bought or addedQ4 24: 10 cut or sold outQ4 24Q1 25: 35 bought or addedQ1 25: 15 cut or sold outQ2 25: 43 bought or addedQ2 25: 18 cut or sold outQ2 25Q3 25: 34 bought or addedQ3 25: 24 cut or sold outQ4 25: 27 bought or addedQ4 25: 28 cut or sold outQ4 25Q1 26: 43 bought or addedQ1 26: 18 cut or sold outQ2 26: 33 bought or addedQ2 26: 28 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024297
Q4 20243710
Q1 20253515
Q2 20254318
Q3 20253424
Q4 20252728
Q1 20264318
Q2 20263328

Biggest buyers

MORGAN STANLEY Added +1,202,321+1.2m
BANK OF AMERICA CORP /DE/ Added +326,484+326.5k
TWO SIGMA INVESTMENTS, LP New +228,500+228.5k
WELLS FARGO & COMPANY/MN Added +131,263+131.3k
Cambridge Investment Research Advisors, Inc. Added +111,504+111.5k
Prime Capital Investment Advisors, LLC Added +110,188+110.2k
Sanctuary Advisors, LLC Added +62,215+62.2k
US BANCORP \DE\ Added +30,869+30.9k
Rockefeller Capital Management L.P. Added +23,499+23.5k
Darden Wealth Group Inc New +22,600+22.6k

Biggest sellers

UBS Group AG Reduced -162,639-162.6k
GOLDMAN SACHS GROUP INC Reduced -106,849-106.8k
RAYMOND JAMES FINANCIAL INC Reduced -74,429-74.4k
ROYAL BANK OF CANADA Reduced -37,995-38.0k
Dorsey & Whitney Trust CO LLC Sold out -33,365-33.4k
Equitable Holdings, Inc. Reduced -32,292-32.3k
Pine Valley Investments Ltd Liability Co Reduced -26,523-26.5k
JANE STREET GROUP, LLC Sold out -12,844-12.8k
SAPIENT CAPITAL LLC Sold out -10,560-10.6k
CITADEL ADVISORS LLC Sold out -8,360-8.4k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 10,425,02510.4m $342.0m $342.0m 0.02% Added +326.5k +326,484
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 7,851,1527.9m $257.6m $257.6m 0.01% Added +1.2m +1,202,321
3 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 2,352,2552.4m $77.2m $77.2m 0.01% Reduced -38.0k -37,995
4 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,493,5731.5m $49.0m $49.0m 0.01% Reduced -162.6k -162,639
5 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 747,940747.9k $24.5m $24.5m 0.00% Added +131.3k +131,263
6 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 654,984655.0k $21.5m $21.5m 0.01% Reduced -74.4k -74,429
7 Sanctuary Advisors, LLC 0.09% of their portfolio INDIANAPOLIS, IN 621,620621.6k $20.4m $20.4m 0.09% Added +62.2k +62,215
8 Prime Capital Investment Advisors, LLC 0.14% of their portfolio OVERLAND PARK, KS 446,824446.8k $14.7m $14.7m 0.14% Added +110.2k +110,188
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 442,089442.1k $14.5m $14.5m 0.00% Reduced -1.7k -1,689
10 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 344,586344.6k $11.3m $11.3m 0.01% Added +8.6k +8,571
11 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 338,697338.7k $11.1m $11.1m 0.01% Added +30.9k +30,869
12 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 247,500247.5k $8.1m $8.1m 0.01% Added +3.8k +3,760
13 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 243,529243.5k $8.0m $8.0m 0.01% Added +15.0k +15,037
14 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 228,500228.5k $7.5m $7.5m 0.01% New
15 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 227,948227.9k $7.5m $7.5m 0.01% Added +111.5k +111,504
16 CASTLE WEALTH MANAGEMENT LLC 2.08% of their portfolio BOYNTON BEACH, FL 214,231214.2k $7.0m $7.0m 2.08% Reduced -6.1k -6,085
17 Joseph Group Capital Management 1.40% of their portfolio COLUMBUS, OH 203,388203.4k $6.7m $6.7m 1.40% Reduced -2.1k -2,140
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 178,139178.1k $5.8m $5.8m 0.00% Added +18.9k +18,902
19 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 165,983166.0k $5.4m $5.4m 0.00% Reduced -2.8k -2,815
20 Gotham Asset Management, LLC 0.01% of their portfolio NEW YORK, NY 145,154145.2k $4.8m $4.8m 0.01% Unchanged
21 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 132,749132.7k $4.4m $4.4m 0.00% Reduced -7.9k -7,869
22 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 127,513127.5k $4.2m $4.2m 0.01% Added +23.5k +23,499
23 Pine Valley Investments Ltd Liability Co 0.17% of their portfolio MARLTON, NJ 120,600120.6k $4.0m $4.0m 0.17% Reduced -26.5k -26,523
24 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 116,553116.6k $3.8m $3.8m 0.00% Added +83 +83
25 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 106,795106.8k $3.5m $3.5m 0.02% Reduced -32.3k -32,292
26 Heritage Wealth Management, Inc. 0.70% of their portfolio CINCINNATI, OH 85,82085.8k $2.8m $2.8m 0.70% Unchanged
27 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 82,78982.8k $2.7m $2.7m 0.02% Reduced -192 -192
28 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 74,00074.0k $2.4m $2.4m 0.02% Added +375 +375
29 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 71,13571.1k $2.3m $2.3m 0.03% Added +1.1k +1,139
30 Wealthcare Advisory Partners LLC 0.03% of their portfolio WEST CHESTER, PA 50,19450.2k $1.6m $1.6m 0.03% Reduced -3.1k -3,072
31 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 47,38747.4k $1.6m $1.6m 0.01% Reduced -4.0k -4,006
32 Vestmark Advisory Solutions, Inc. 0.01% of their portfolio Wakefield, MA 44,39244.4k $1.5m $1.5m 0.01% Added +488 +488
33 ELEVATION POINT WEALTH PARTNERS, LLC 0.03% of their portfolio DENVER, CO 44,39144.4k $1.5m $1.5m 0.03% Added +334 +334
34 Wealth Dimensions Group, Ltd. 0.25% of their portfolio CINCINNATI, OH 41,77541.8k $1.4m $1.4m 0.25% Unchanged
35 EdgeRock Capital LLC 0.29% of their portfolio DENVER, CO 38,35938.4k $1.3m $1.3m 0.29% Added +7.8k +7,798
36 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 30,77230.8k $1.0m $1.0m 0.00% Added +9.7k +9,654
37 Philadelphia Investment Partners, LLC 0.57% of their portfolio Voorhees, NJ 28,01628.0k $919.3k $919.3k 0.57% Reduced -206 -206
38 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 27,07227.1k $888.2k $888.2k 0.00% Reduced -106.8k -106,849
39 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 26,32626.3k $863.8k $863.8k 0.00% Added +340 +340
40 Darden Wealth Group Inc 0.29% of their portfolio ANN ARBOR, MI 22,60022.6k $741.5k $741.5k 0.29% New
41 TRANSCEND CAPITAL ADVISORS, LLC 0.05% of their portfolio MADISON, NJ 21,40121.4k $702.2k $702.2k 0.05% Reduced -5.7k -5,720
42 Freestone Capital Holdings, LLC 0.01% of their portfolio Seattle, WA 15,43715.4k $506.5k $506.5k 0.01% New
43 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 15,35615.4k $503.8k $503.8k 0.02% Added +9 +9
44 OpenArc Corporate Advisory, LLC 0.01% of their portfolio ATLANTA, GA 15,32115.3k $502.7k $502.7k 0.01% Unchanged
45 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 13,59113.6k $445.9k $445.9k 0.00% New
46 PUREfi Wealth, LLC 0.23% of their portfolio BOSTON, MA 13,00013.0k $426.5k $426.5k 0.23% Unchanged
47 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 12,91612.9k $424.0k $424.0k 0.00% Reduced -635 -635
48 Argentarii, LLC 0.10% of their portfolio CINCINNATI, OH 10,11510.1k $334.7k $334.7k 0.10% Added +537 +537
49 Weaver Consulting Group 0.06% of their portfolio HUNTINGTON BEACH, CA 9,5509.6k $313.3k $313.3k 0.06% Unchanged
50 MCF Advisors LLC 0.01% of their portfolio LEXINGTON, KY 9,0009.0k $295.7k $295.7k 0.01% Unchanged
51 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 8,7698.8k $287.7k $287.7k 0.00% Reduced -6.2k -6,183
52 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 7,7707.8k $254.9k $254.9k 0.00% Added +480 +480
53 Strait & Sound Wealth Management LLC 0.08% of their portfolio SAN FRANCISCO, CA 6,7726.8k $222.2k $222.2k 0.08% New
54 ORBA Wealth Advisors, L.L.C. 0.18% of their portfolio CHICAGO, IL 6,5576.6k $215.1k $215.1k 0.18% New
55 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 6,1246.1k $200.9k $200.9k 0.00% New
56 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 6,1136.1k $200.6k $200.6k 0.00% Reduced -1.8k -1,822
57 CENTAURUS FINANCIAL, INC. 0.00% of their portfolio ANAHEIM, CA 3,1543.2k $103.0k $103.0k 0.00% New
58 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 2,9412.9k $96.5k $96.5k 0.00% Added +15 +15
59 Cornerstone Financial Management LLC 0.07% of their portfolio BURLINGTON, MA 2,8002.8k $91.9k $91.9k 0.07% Unchanged
60 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,5031.5k $49.3k $49.3k 0.00% Added +1.3k +1,303
61 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 812812 $26.6k $26.6k 0.00% Unchanged
62 Signature Equity Partners, LLC 0.00% of their portfolio COLUMBUS, OH 223223 $7.3k $7.3k 0.00% Unchanged
63 Nemes Rush Group LLC 0.00% of their portfolio NOVI, MI 116116 $3.8k $3.8k 0.00% Unchanged