Vault-13

TCW ETF TRUST FLXR

FLEXIBLE INCOME · ETP · CUSIP 29287L700

142 institutional holders +24 vs Q3 2025
47,721,37947.7m shares reported held*
$1.9bnreported value*
20 new 77 added 28 reduced 3 sold out net bought ≈ $387.5m (+9.8m 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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $39.60.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q2 24: 34Q3 24: 36Q4 24: 63Q1 25: 73Q2 25: 103Q3 25: 118Q4 25: 142142Q2 24Q4 24Q2 25Q4 25
Numbers
QuarterHolders
Q2 202434
Q3 202436
Q4 202463
Q1 202573
Q2 2025103
Q3 2025118
Q4 2025142

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 26 bought or addedQ3 24: 11 cut or sold outQ3 24Q4 24: 42 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 53 bought or addedQ1 25: 19 cut or sold outQ1 25Q2 25: 81 bought or addedQ2 25: 16 cut or sold outQ2 25Q3 25: 97 bought or addedQ3 25: 20 cut or sold outQ3 25Q4 25: 97 bought or addedQ4 25: 31 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q3 20242611
Q4 20244214
Q1 20255319
Q2 20258116
Q3 20259720
Q4 20259731

Biggest buyers

MORGAN STANLEY Added +1,781,091+1.8m
BANK OF AMERICA CORP /DE/ Added +996,731+996.7k
WELLS FARGO & COMPANY/MN New +810,120+810.1k
Leelyn Smith, LLC Added +675,329+675.3k
UBS Group AG Added +593,856+593.9k
RAYMOND JAMES FINANCIAL INC Added +455,572+455.6k
Family Manage LLC New +393,313+393.3k
CAPTRUST FINANCIAL ADVISORS Added +376,264+376.3k
Spectrum Wealth Advisory Group, LLC Added +360,681+360.7k
True North Advisors, LLC New +357,357+357.4k

Biggest sellers

Brookwood Investment Group LLC Reduced -210,541-210.5k
BlueStem Wealth Partners, LLC Reduced -115,449-115.4k
GOLDMAN SACHS GROUP INC Sold out -101,246-101.2k
TSFG, LLC Reduced -64,194-64.2k
OSAIC HOLDINGS, INC. Reduced -60,330-60.3k
ROVIN CAPITAL /UT/ /ADV Reduced -33,807-33.8k
Capital Square, LLC Reduced -28,588-28.6k
Tandem Financial, LLC Reduced -16,314-16.3k
Mesirow Financial Investment Management, Inc. Reduced -13,819-13.8k
Envestnet Portfolio Solutions, Inc. Reduced -8,186-8.2k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAPTRUST FINANCIAL ADVISORS 0.39% of their portfolio RALEIGH, NC 5,169,2005.2m $204.7m $204.7m 0.39% Added +376.3k +376,264
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,798,9314.8m $190.0m $190.0m 0.01% Added +996.7k +996,731
3 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,897,3932.9m $114.7m $114.7m 0.02% Added +593.9k +593,856
4 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,498,9982.5m $99.0m $99.0m 0.03% Added +302.2k +302,239
5 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,209,2232.2m $87.5m $87.5m 0.01% Added +1.8m +1,781,091
6 First Pacific Financial 11.25% of their portfolio VANCOUVER, WA 2,175,8632.2m $86.2m $86.2m 11.25% Added +237.6k +237,585
7 Morton Capital Management LLC/CA 9.95% of their portfolio CALABASAS, CA 1,636,6471.6m $64.8m $64.8m 9.95% Added +164.8k +164,824
8 CARY STREET PARTNERS FINANCIAL LLC 1.44% of their portfolio RICHMOND, VA 1,471,8171.5m $58.3m $58.3m 1.44% Added +49.1k +49,142
9 M&T Bank Corp 0.17% of their portfolio BUFFALO, NY 1,344,2391.3m $53.2m $53.2m 0.17% Added +32.9k +32,947
10 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,287,8041.3m $51.0m $51.0m 0.02% Added +53.4k +53,369
11 Janney Montgomery Scott LLC 0.11% of their portfolio PHILADELPHIA, PA 1,221,1871.2m $48.4m $48.4m 0.11% Added +218.0k +217,951
12 TCW GROUP INC 0.34% of their portfolio LOS ANGELES, CA 1,188,1921.2m $47.1m $47.1m 0.34% Unchanged
13 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,185,9001.2m $47.0m $47.0m 0.01% Added +455.6k +455,572
14 Keudell/Morrison Wealth Management 9.86% of their portfolio Salem, OR 1,184,9881.2m $46.9m $46.9m 9.86% First filing
15 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 1,019,6641.0m $40.4m $40.4m 0.04% Added +103.1k +103,140
16 Francis Financial, Inc. 7.18% of their portfolio NEW YORK, NY 926,037926.0k $36.7m $36.7m 7.18% Added +91.7k +91,712
17 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 810,120810.1k $32.1m $32.1m 0.01% New
18 Morling Financial Advisors, LLC 9.22% of their portfolio FREMONT, CA 738,344738.3k $29.2m $29.2m 9.22% Added +45.6k +45,565
19 Leelyn Smith, LLC 4.22% of their portfolio GENEVA, IL 737,526737.5k $29.2m $29.2m 4.22% Added +675.3k +675,329
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 655,133655.1k $25.9m $25.9m 0.00% Added +187.6k +187,623
21 TECTONIC ADVISORS LLC 1.35% of their portfolio FRISCO, TX 646,449646.4k $25.6m $25.6m 1.35% Added +57.7k +57,702
22 PEAK FINANCIAL ADVISORS LLC 11.43% of their portfolio DENVER, CO 642,274642.3k $25.4m $25.4m 11.43% Added +17.0k +16,954
23 Weaver Capital Management LLC 4.28% of their portfolio SUWANEE, GA 510,726510.7k $20.2m $20.2m 4.28% Added +45.6k +45,635
24 EXCHANGE TRADED CONCEPTS, LLC 0.16% of their portfolio Oklahoma City, OK 492,595492.6k $19.5m $19.5m 0.16% Added +18.6k +18,566
25 WJ Wealth Management, LLC 7.71% of their portfolio GLENDALE, AZ 444,973445.0k $17.6m $17.6m 7.71% Added +2.7k +2,714
26 Tidemark, LLC 4.73% of their portfolio SAN DIEGO, CA 420,017420.0k $16.6m $16.6m 4.73% Added +43.5k +43,532
27 Family Manage LLC 1.97% of their portfolio NEW YORK, NY 393,313393.3k $15.6m $15.6m 1.97% New
28 Spectrum Wealth Advisory Group, LLC 5.50% of their portfolio GRANITE BAY, CA 377,660377.7k $15.0m $15.0m 5.50% Added +360.7k +360,681
29 True North Advisors, LLC 1.83% of their portfolio Dallas, TX 357,357357.4k $14.2m $14.2m 1.83% New
30 FAGAN ASSOCIATES, INC. 1.88% of their portfolio TROY, NY 356,366356.4k $14.1m $14.1m 1.88% Added +50.0k +50,003
31 Pasadena Private Wealth, LLC 1.92% of their portfolio PASADENA, CA 354,615354.6k $14.0m $14.0m 1.92% Added +16.1k +16,082
32 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 330,908330.9k $13.1m $13.1m 0.01% Added +111.4k +111,413
33 Onyx Bridge Wealth Group LLC 1.39% of their portfolio TARRYTOWN, NY 330,423330.4k $13.1m $13.1m 1.39% Added +88.2k +88,249
34 BlueStem Wealth Partners, LLC 1.22% of their portfolio MINNETONKA, MN 279,374279.4k $11.1m $11.1m 1.22% Reduced -115.4k -115,449
35 CWM, LLC 0.03% of their portfolio OMAHA, NE 266,395266.4k $10.5m $10.5m 0.03% Added +64.3k +64,337
36 Beacon Financial Advisory LLC 2.38% of their portfolio CLEVELAND, OH 259,835259.8k $10.3m $10.3m 2.38% New
37 Ausdal Financial Partners, Inc. 0.46% of their portfolio Davenport, IA 251,583251.6k $10.0m $10.0m 0.46% Added +7.1k +7,131
38 Madison Asset Management, LLC 0.11% of their portfolio MADISON, WI 249,639249.6k $9.9m $9.9m 0.11% Added +13.7k +13,672
39 Rothschild Wealth LLC 0.91% of their portfolio OAK BROOK, IL 238,726238.7k $9.5m $9.5m 0.91% New
40 White & Co Financial Planning Inc 6.85% of their portfolio SUNNYSIDE, WA 231,422231.4k $9.2m $9.2m 6.85% Reduced -570 -570
41 Peak Financial Management, Inc. 2.36% of their portfolio WELLESLEY, MA 230,918230.9k $9.1m $9.1m 2.36% Added +31.7k +31,687
42 Brookwood Investment Group LLC 1.07% of their portfolio PHOENIX, AZ 223,732223.7k $8.9m $8.9m 1.07% Reduced -210.5k -210,541
43 Ducere Wealth Management LLC 3.02% of their portfolio NEWPORT BEACH, CA 197,500197.5k $7.8m $7.8m 3.02% First filing
44 IHT Wealth Management, LLC 0.18% of their portfolio Chicago, IL 189,535189.5k $7.5m $7.5m 0.18% Added +179.8k +179,847
45 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 183,134183.1k $7.2m $7.2m 0.01% Reduced -1.7k -1,666
46 3EDGE Asset Management, LP 0.36% of their portfolio Naples, FL 176,990177.0k $7.0m $7.0m 0.36% Added +38.9k +38,910
47 Arax Advisory Partners 0.20% of their portfolio NEW YORK, NY 173,381173.4k $6.9m $6.9m 0.20% New
48 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 168,404168.4k $6.7m $6.7m 0.04% Added +29.4k +29,412
49 Per Stirling Capital Management, LLC. 0.64% of their portfolio AUSTIN, TX 144,062144.1k $5.7m $5.7m 0.64% Added +4.6k +4,561
50 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 142,255142.3k $5.6m $5.6m 0.01% Added +44.6k +44,558
51 Beckerman Institutional, LLC 2.81% of their portfolio OCEAN GROVE, NJ 126,218126.2k $5.0m $5.0m 2.81% Added +8.0k +7,996
52 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 116,116116.1k $4.6m $4.6m 0.01% Added +33.2k +33,246
53 BELLEVUE ASSET MANAGEMENT, LLC 1.47% of their portfolio BELLEVUE, WA 114,516114.5k $4.5m $4.5m 1.47% Added +1.4k +1,372
54 Lunt Capital Management, Inc. 1.66% of their portfolio HOLLADAY, UT 112,190112.2k $4.4m $4.4m 1.66% Reduced -7.9k -7,912
55 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 111,953112.0k $4.4m $4.4m 0.02% Added +42.5k +42,525
56 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 110,238110.2k $4.4m $4.4m 0.01% Reduced -60.3k -60,330
57 Contango Wealth Management LLC 4.77% of their portfolio OAKLAND, CA 107,854107.9k $4.3m $4.3m 4.77% First filing
58 AXXCESS WEALTH MANAGEMENT, LLC 0.07% of their portfolio CARLSBAD, CA 104,291104.3k $4.1m $4.1m 0.07% Added +5.3k +5,252
59 Etesian Wealth Advisors, Inc. 1.28% of their portfolio West Linn, OR 103,037103.0k $4.1m $4.1m 1.28% Added +33.4k +33,380
60 Capital Square, LLC 2.07% of their portfolio ATHENS, TN 102,650102.7k $4.1m $4.1m 2.07% Reduced -28.6k -28,588
61 Maridea Wealth Management LLC 0.58% of their portfolio BROOKLYN, NY 97,36797.4k $3.9m $3.9m 0.58% Added +20.5k +20,528
62 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 91,96792.0k $3.6m $3.6m 0.01% Reduced -8.2k -8,186
63 Mariner, LLC 0.00% of their portfolio Overland Park, KS 87,63187.6k $3.5m $3.5m 0.00% Added +25.7k +25,711
64 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 86,53086.5k $3.4m $3.4m 0.02% Added +42.7k +42,732
65 ProCore Advisors, LLC 3.47% of their portfolio NEWPORT BEACH, CA 85,37485.4k $3.4m $3.4m 3.47% First filing
66 Atlas Wealth LLC 1.00% of their portfolio CINCINNATI, OH 83,22483.2k $3.3m $3.3m 1.00% Added +3.7k +3,737
67 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 76,65476.7k $3.0m $3.0m 0.00% Added +13.8k +13,766
68 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 76,15676.2k $3.0m $3.0m 0.00% Reduced -7.4k -7,443
69 Mesirow Financial Investment Management, Inc. 0.06% of their portfolio CHICAGO, IL 70,34670.3k $2.8m $2.8m 0.06% Reduced -13.8k -13,819
70 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 68,09268.1k $2.7m $2.7m 0.02% Added +2.4k +2,408
71 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 62,37262.4k $2.5m $2.5m 0.01% Added +12.8k +12,828
72 KPP Advisory Services LLC 0.34% of their portfolio Louisville, KY 59,81859.8k $2.4m $2.4m 0.34% Added +10.6k +10,594
73 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.63% of their portfolio RICHMOND, VA 59,33259.3k $2.3m $2.3m 0.63% Added +53.3k +53,304
74 Vantage Financial Partners, LLC 0.45% of their portfolio ELM GROVE, WI 55,89655.9k $2.2m $2.2m 0.45% Added +6.3k +6,322
75 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 55,01455.0k $2.2m $2.2m 0.03% Added +19.2k +19,219
76 Frontier Asset Management, LLC 0.49% of their portfolio SHERIDAN, WY 53,77153.8k $2.1m $2.1m 0.49% Added +2.9k +2,907
77 LIBERTY ONE INVESTMENT MANAGEMENT, LLC 0.25% of their portfolio LIBERTYVILLE, IL 48,94748.9k $1.9m $1.9m 0.25% New
78 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 44,75644.8k $1.8m $1.8m 0.00% Reduced -485 -485
79 Concord Wealth Partners 0.22% of their portfolio ABINGDON, VA 43,29943.3k $1.7m $1.7m 0.22% Added +11.2k +11,203
80 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 41,61141.6k $1.6m $1.6m 0.00% New
81 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 41,51941.5k $1.6m $1.6m 0.00% Added +22.1k +22,120
82 Tandem Financial, LLC 1.93% of their portfolio GREENWOOD VILLAGE, CO 41,23441.2k $1.6m $1.6m 1.93% Reduced -16.3k -16,314
83 Keystone Financial Group 0.12% of their portfolio LEXINGTON, KY 40,31540.3k $1.6m $1.6m 0.12% Added +9.7k +9,654
84 ROVIN CAPITAL /UT/ /ADV 0.42% of their portfolio MESA, AZ 39,63439.6k $1.6m $1.6m 0.42% Reduced -33.8k -33,807
85 PRINCIPAL SECURITIES, INC. 0.02% of their portfolio DES MOINES, IA 38,66238.7k $1.5m $1.5m 0.02% Added +7.8k +7,777
86 Argent Trust Co 0.05% of their portfolio NASHVILLE, TN 35,94835.9k $1.4m $1.4m 0.05% Added +2.8k +2,845
87 BLUE JEAN FINANCIAL LLC 1.09% of their portfolio ALBANY, NY 34,03034.0k $1.3m $1.3m 1.09% First filing
88 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 33,83033.8k $1.3m $1.3m 0.00% Added +33.3k +33,286
89 Diversified Portfolios, Inc. 0.10% of their portfolio Bloomfield Hills, MI 31,14831.1k $1.2m $1.2m 0.10% Added +24.1k +24,098
90 Apollon Financial, LLC 0.18% of their portfolio MOUNT PLEASANT, SC 30,64630.6k $1.2m $1.2m 0.18% Reduced -1.1k -1,069
91 Ariadne Wealth Management, LP 0.49% of their portfolio SANTA BARBARA, CA 30,16530.2k $1.2m $1.2m 0.49% Unchanged
92 Encompass More Asset Management 0.21% of their portfolio Danville, CA 28,72228.7k $1.1m $1.1m 0.21% New
93 UMB Bank, n.a. 0.01% of their portfolio Kansas City, MO 28,23128.2k $1.1m $1.1m 0.01% Unchanged
94 DeLarme Wealth Management, Inc. 0.63% of their portfolio PALOS VERDES ESTATES, CA 22,41122.4k $887.5k $887.5k 0.63% First filing
95 CAP Partners, LLC 0.48% of their portfolio FRANKLIN, TN 21,52021.5k $852.2k $852.2k 0.48% Added +755 +755
96 Stratos Investment Management, LLC 0.03% of their portfolio BEACHWOOD, OH 19,17219.2k $759.2k $759.2k 0.03% Reduced -39 -39
97 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 17,98718.0k $712.3k $712.3k 0.01% Reduced -3.8k -3,827
98 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 15,80115.8k $625.7k $625.7k 0.01% New
99 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 15,16015.2k $600.3k $600.3k 0.01% Reduced -214 -214
100 Pinnacle Financial Partners, Inc. 0.00% of their portfolio ATLANTA, GA 15,13415.1k $599.5k $599.5k 0.00% First filing