Vault-13

ENTREPRENEURSHARES SERIES TR XOVR

ERSH PRI PUB ETF · ETP · CUSIP 293828877

88 institutional holders +15 vs Q3 2025
43,265,39843.3m shares reported held*
$871.4mreported value*
24 new 33 added 15 reduced 10 sold out net bought ≈ $751.0m (+37.3m 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. Holder counts are more reliable. Implied quarter-end price ≈ $20.14. Options: 2 managers hold calls ($853.9k notional), 3 hold puts ($431.0k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 24: 9Q4 24: 27Q1 25: 59Q2 25: 64Q3 25: 73Q4 25: 8888Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q3 20249
Q4 202427
Q1 202559
Q2 202564
Q3 202573
Q4 202588

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 24: 21 bought or addedQ4 24: 1 cut or sold outQ4 24Q1 25: 48 bought or addedQ1 25: 6 cut or sold outQ1 25Q2 25: 36 bought or addedQ2 25: 17 cut or sold outQ2 25Q3 25: 47 bought or addedQ3 25: 20 cut or sold outQ3 25Q4 25: 57 bought or addedQ4 25: 25 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q4 2024211
Q1 2025486
Q2 20253617
Q3 20254720
Q4 20255725

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5m$2mQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $622.3kQ2 25 puts: $1.0kQ2 25P/C 0.00Q3 25 calls: $1.9mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $853.9kQ4 25 puts: $431.0kQ4 25P/C 0.50
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$622.3k$1.0k0.00
Q3 2025$1.9m$00.00
Q4 2025$853.9k$431.0k0.50

Biggest buyers

GTS SECURITIES LLC Added +19,484,000+19.5m
BANK OF AMERICA CORP /DE/ Added +17,972,100+18.0m
Jain Global LLC New +2,000,000+2.0m
JANE STREET GROUP, LLC New +659,953+660.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +498,646+498.6k
Elequin Capital, LP New +250,000+250.0k
Farther Finance Advisors, LLC Added +237,314+237.3k
LPL Financial LLC Added +79,368+79.4k
D.A. DAVIDSON & CO. New +76,579+76.6k
M & L Capital Management Ltd New +56,973+57.0k

Biggest sellers

IMC-Chicago, LLC Reduced -3,987,008-4.0m
RAYMOND JAMES FINANCIAL INC Reduced -174,496-174.5k
STIFEL FINANCIAL CORP Reduced -32,831-32.8k
ROYAL BANK OF CANADA Reduced -29,685-29.7k
Kingsview Wealth Management, LLC Sold out -17,322-17.3k
SIMPLEX TRADING, LLC Sold out -16,639-16.6k
CITADEL ADVISORS LLC Sold out -10,027-10.0k
Cetera Investment Advisers Reduced -7,675-7.7k
NewEdge Advisors, LLC Reduced -4,256-4.3k
Vigilare Wealth Management Reduced -3,575-3.6k

Biggest calls

JANE STREET GROUP, LLC Reduced $636.4k31.6k shares
Belvedere Trading LLC Reduced $217.5k10.8k shares

Biggest puts

IMC-Chicago, LLC New $221.5k11.0k shares
CITADEL ADVISORS LLC New $203.4k10.1k shares
GROUP ONE TRADING LLC New $6.0k300 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GTS SECURITIES LLC 13.41% of their portfolio NEW YORK, NY 19,520,66219.5m $393.1m $393.1m 13.41% Added +19.5m +19,484,000
2 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 18,033,44918.0m $363.2m $363.2m 0.03% Added +18.0m +17,972,100
3 Jain Global LLC 0.39% of their portfolio NEW YORK, NY 2,000,0002.0m $40.3m $40.3m 0.39% New
4 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 659,953660.0k $13.3m $13.3m 0.02% New
5 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 529,984530.0k $10.7m $10.7m 0.01% Added +498.6k +498,646
6 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 487,593487.6k $9.8m $9.8m 0.00% Reduced -174.5k -174,496
7 Elequin Capital, LP 0.66% of their portfolio NEW YORK, NY 250,000250.0k $5.0m $5.0m 0.66% New
8 Farther Finance Advisors, LLC 0.05% of their portfolio SAN FRANCISCO, CA 238,574238.6k $4.8m $4.8m 0.05% Added +237.3k +237,314
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 160,209160.2k $3.2m $3.2m 0.00% Added +79.4k +79,368
10 Henson-Edgewater Management, LLC 1.47% of their portfolio AVON, OH 123,149123.1k $2.5m $2.5m 1.47% First filing
11 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 100,087100.1k $2.0m $2.0m 0.00% Reduced -32.8k -32,831
12 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 98,27998.3k $2.0m $2.0m 0.00% Reduced -7.7k -7,675
13 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 76,57976.6k $1.5m $1.5m 0.01% New
14 OPPENHEIMER & CO INC 0.02% of their portfolio NEW YORK, NY 60,78660.8k $1.2m $1.2m 0.02% Reduced -149 -149
15 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 59,70959.7k $1.2m $1.2m 0.01% Added +8.6k +8,586
16 M & L Capital Management Ltd 0.24% of their portfolio LONDON, X0 56,97357.0k $1.1m $1.1m 0.24% New
17 AssuredPartners Investment Advisors, LLC 0.15% of their portfolio Tampa, FL 49,51349.5k $997.2k $997.2k 0.15% New
18 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 45,10645.1k $908.4k $908.4k 0.00% Added +1.2k +1,207
19 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 43,63043.6k $895.3k $895.3k 0.00% Added +18.1k +18,140
20 Mariner, LLC 0.00% of their portfolio Overland Park, KS 38,62138.6k $777.8k $777.8k 0.00% Added +3.2k +3,194
21 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 35,43435.4k $713.6k $713.6k 0.01% Added +597 +597
22 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 34,94734.9k $703.8k $703.8k 0.01% Reduced -4.0m -3,987,008
23 Carter Financial Group, INC. 0.41% of their portfolio BARRINGTON, IL 34,46434.5k $694.1k $694.1k 0.41% Added +6.0k +6,008
24 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 34,24334.2k $689.7k $689.7k 0.00% Reduced -4.3k -4,256
25 JT Stratford LLC 0.08% of their portfolio GAINESVILLE, GA 32,24932.2k $649.5k $649.5k 0.08% Added +8.6k +8,592
26 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 31,50731.5k $634.6k $634.6k 0.01% Added +3.6k +3,574
27 Tempus Wealth Planning, LLC 0.14% of their portfolio IRVINE, CA 30,00030.0k $604.2k $604.2k 0.14% New
28 SeaCrest Wealth Management, LLC 0.06% of their portfolio PURCHASE, NY 29,64829.6k $611.6k $611.6k 0.06% Added +17.3k +17,254
29 Catalyst Investment Management LLC 0.56% of their portfolio WINDHAM, NH 29,38329.4k $591.8k $591.8k 0.56% First filing
30 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 21,31821.3k $429.0k $429.0k 0.00% Added +4.6k +4,584
31 Fifth Third Wealth Advisors LLC 0.01% of their portfolio Cincinnati, OH 20,10520.1k $404.9k $404.9k 0.01% New
32 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 19,88619.9k $400.5k $400.5k 0.00% Reduced -2.0k -2,021
33 Fox Hill Wealth Management 0.18% of their portfolio DEDHAM, MA 19,09619.1k $384.6k $384.6k 0.18% New
34 HighPoint Advisor Group LLC 0.01% of their portfolio DOWNERS GROVE, IL 18,92018.9k $381.0k $381.0k 0.01% New
35 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 18,63418.6k $375.3k $375.3k 0.01% Added +1.2k +1,189
36 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 18,10118.1k $364.6k $364.6k 0.01% Added +6.0k +5,954
37 Vigilare Wealth Management 0.11% of their portfolio SCOTTSDALE, AZ 16,90216.9k $340.4k $340.4k 0.11% Reduced -3.6k -3,575
38 Onyx Bridge Wealth Group LLC 0.03% of their portfolio TARRYTOWN, NY 16,20816.2k $326.4k $326.4k 0.03% Added +1.2k +1,176
39 JTC Employer Solutions Trustee Ltd 0.02% of their portfolio ST HELIER, Y9 14,19214.2k $286.0k $286.0k 0.02% Unchanged
40 Benson Wealth Management INC 0.31% of their portfolio OOLTEWAH, TN, TN 13,62213.6k $274.3k $274.3k 0.31% First filing
41 SHARPEPOINT LLC 0.16% of their portfolio PHOENIX, AZ 13,55513.6k $273.0k $273.0k 0.16% Added +1.3k +1,305
42 Csenge Advisory Group 0.01% of their portfolio CLEARWATER, FL 12,89112.9k $259.6k $259.6k 0.01% New
43 Essex Financial Services, Inc. 0.01% of their portfolio ESSEX, CT 11,39511.4k $229.5k $229.5k 0.01% Added +992 +992
44 Belvedere Trading LLC 0.04% of their portfolio CHICAGO, IL 10,65610.7k $214.6k $214.6k 0.04% Added +2.3k +2,341
45 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 10,25010.2k $206.4k $206.4k 0.00% Added +260 +260
46 Alpine Bank Wealth Management 0.03% of their portfolio GRAND JUNCTION, CO 10,00010.0k $201.4k $201.4k 0.03% Unchanged
47 BECK CAPITAL MANAGEMENT, LLC 0.05% of their portfolio AUSTIN, TX 9,98210.0k $201.0k $201.0k 0.05% Reduced -336 -336
48 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 6,7116.7k $135.2k $135.2k 0.00% Unchanged
49 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 6,3016.3k $126.9k $126.9k 0.00% Added +1.4k +1,378
50 FMR LLC 0.00% of their portfolio BOSTON, MA 5,2215.2k $105.2k $105.2k 0.00% Added +4.9k +4,913
51 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 4,8524.9k $97.7k $97.7k 0.00% New
52 CWM, LLC 0.00% of their portfolio OMAHA, NE 3,6753.7k $74.0k $74.0k 0.00% Added +1.5k +1,529
53 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,3863.4k $68.2k $68.2k 0.00% Added +450 +450
54 Western Pacific Wealth Management, LP 0.06% of their portfolio LAKE FOREST, IL 3,2213.2k $64.9k $64.9k 0.06% Unchanged
55 TUCKER ASSET MANAGEMENT LLC 0.02% of their portfolio LITTLETON, CO 3,2053.2k $64.5k $64.5k 0.02% New
56 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,0583.1k $61.6k $61.6k 0.00% Added +670 +670
57 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 2,7342.7k $55.1k $55.1k 0.00% Added +92 +92
58 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,1832.2k $44.0k $44.0k 0.00% Added +100 +100
59 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,0002.0k $40.3k $40.3k 0.00% New
60 American Capital Advisory, LLC 0.02% of their portfolio KETCHUM, ID 2,0002.0k $40.3k $40.3k 0.02% Unchanged
61 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,8001.8k $36.3k $36.3k 0.00% New
62 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,6051.6k $32.3k $32.3k 0.00% Added +1.1k +1,130
63 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 1,5311.5k $30.8k $30.8k 0.00% Reduced -100 -100
64 Ransom Advisory, Ltd 0.01% of their portfolio PROVIDENCE, RI 1,5001.5k $30.2k $30.2k 0.01% New
65 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,1501.1k $23.2k $23.2k 0.00% Reduced -4 -4
66 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,0511.1k $21.2k $21.2k 0.00% Unchanged
67 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,0271.0k $20.7k $20.7k 0.00% New
68 BlackRock, Inc. 0.00% of their portfolio New York, NY 791791 $15.9k $15.9k 0.00% Reduced -420 -420
69 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 724724 $14.6k $14.6k 0.00% Reduced -52 -52
70 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 632632 $13.0k $13.0k 0.00% Reduced -29.7k -29,685
71 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 578578 $11.6k $11.6k 0.00% Unchanged
72 Financial Management Professionals, Inc. 0.00% of their portfolio AUSTIN, TX 500500 $10.1k $10.1k 0.00% New
73 GABLES CAPITAL MANAGEMENT INC. 0.00% of their portfolio MIAMI, FL 500500 $10.1k $10.1k 0.00% New
74 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 499499 $10.0k $10.0k 0.00% Added +99 +99
75 Aspect Partners, LLC 0.00% of their portfolio FAIRFAX, VA 450450 $9.1k $9.1k 0.00% Unchanged
76 THOMPSON INVESTMENT MANAGEMENT, INC. 0.00% of their portfolio MADISON, WI 360360 $7.2k $7.2k 0.00% New
77 Roxbury Financial LLC 0.01% of their portfolio MOUNT ARLINGTON, NJ 341341 $6.9k $6.9k 0.01% Added +125 +125
78 Strategic Wealth Partners, Ltd. 0.00% of their portfolio INDEPENDENCE, OH 264264 $5.3k $5.3k 0.00% Unchanged
79 N.E.W. Advisory Services LLC 0.00% of their portfolio DE PERE, WI 261261 $5.3k $5.3k 0.00% Unchanged
80 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 250250 $5.0k $5.0k 0.00% Unchanged
81 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 200200 $4.0k $4.0k 0.00% Unchanged
82 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 101101 $2.0k $2.0k 0.00% Added +100 +100
83 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 100100 $2.0k $2.0k 0.00% New
84 Olistico Wealth, LLC 0.00% of their portfolio TULSA, OK 100100 $2.0k $2.0k 0.00% New
85 UBS Group AG 0.00% of their portfolio ZURICH, V8 4848 $967 $967 0.00% Reduced -52 -52
86 FINANCIAL CONSULATE, INC 0.00% of their portfolio HUNT VALLEY, MD 2323 $464 $464 0.00% New
87 Keystone Financial Group, Inc. 0.00% of their portfolio ATLANTA, GA 1111 $222 $222 0.00% Unchanged
88 CBIZ Investment Advisory Services, LLC 0.00% of their portfolio INDEPENDENCE, OH 1010 $201 $201 0.00% New