Vault-13

INVESTMENT MANAGERS SER TR I FPAG

FPA GBL EQTY ETF · ETP · CUSIP 30254T577

46 institutional holders +12 vs Q4 2025
11,209,67211.2m shares reported held*
$406.7mreported value*
13 new 23 added 5 reduced 0 sold out net bought ≈ $181.8m (+5.0m 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 ≈ $36.28.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q2 24: 14Q3 24: 19Q4 24: 22Q1 25: 24Q2 25: 28Q3 25: 28Q4 25: 34Q1 26: 4646Q2 24Q4 24Q2 25Q4 25Q1 26
Numbers
QuarterHolders
Q2 202414
Q3 202419
Q4 202422
Q1 202524
Q2 202528
Q3 202528
Q4 202534
Q1 202646

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 15 bought or addedQ3 24: 3 cut or sold outQ3 24Q4 24: 14 bought or addedQ4 24: 5 cut or sold outQ1 25: 14 bought or addedQ1 25: 9 cut or sold outQ1 25Q2 25: 13 bought or addedQ2 25: 10 cut or sold outQ3 25: 19 bought or addedQ3 25: 3 cut or sold outQ3 25Q4 25: 22 bought or addedQ4 25: 6 cut or sold outQ1 26: 36 bought or addedQ1 26: 5 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024153
Q4 2024145
Q1 2025149
Q2 20251310
Q3 2025193
Q4 2025226
Q1 2026365

Biggest buyers

Mesirow Financial Investment Management, Inc. Added +2,733,666+2.7m
OXFORD FINANCIAL GROUP, LTD. LLC New +2,548,657+2.5m
JANE STREET GROUP, LLC New +245,245+245.2k
Goldstone Financial Group, LLC New +222,718+222.7k
Allegheny Financial Group Added +90,551+90.6k
CITADEL ADVISORS LLC New +84,098+84.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +83,976+84.0k
New England Private Wealth Advisors LLC Added +49,034+49.0k
ECLECTIC ASSOCIATES INC /ADV Added +43,459+43.5k
NavPoint Financial, Inc. Added +43,154+43.2k

Biggest sellers

Tanglewood Wealth Management, Inc. Reduced -1,038,563-1.0m
Verum Partners LLC Reduced -255,656-255.7k
Compass Ion Advisors, LLC Reduced -45,881-45.9k
Mills Wealth Advisors LLC Reduced -24,231-24.2k
HAZLETT, BURT & WATSON, INC. Reduced -102-102

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Mesirow Financial Investment Management, Inc. 2.56% of their portfolio CHICAGO, IL 4,363,5424.4m $158.3m $158.3m 2.56% Added +2.7m +2,733,666
2 OXFORD FINANCIAL GROUP, LTD. LLC 4.98% of their portfolio INDIANAPOLIS, IN 2,548,6572.5m $92.5m $92.5m 4.98% New
3 Verum Partners LLC 4.81% of their portfolio CHARLOTTE, NC 698,058698.1k $25.3m $25.3m 4.81% Reduced -255.7k -255,656
4 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 543,992544.0k $19.7m $19.7m 0.00% Added +10.9k +10,922
5 NavPoint Financial, Inc. 5.91% of their portfolio Prior Lake, MN 402,838402.8k $14.6m $14.6m 5.91% Added +43.2k +43,154
6 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 311,853311.9k $11.3m $11.3m 0.00% Added +31.1k +31,135
7 ECLECTIC ASSOCIATES INC /ADV 1.33% of their portfolio FULLERTON, CA 276,249276.2k $10.0m $10.0m 1.33% Added +43.5k +43,459
8 New England Private Wealth Advisors LLC 1.09% of their portfolio WELLESLEY, MA 260,241260.2k $9.4m $9.4m 1.09% Added +49.0k +49,034
9 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 245,245245.2k $8.9m $8.9m 0.01% New
10 Goldstone Financial Group, LLC 0.88% of their portfolio OAKBROOK TERRACE, IL 222,718222.7k $8.1m $8.1m 0.88% New
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 202,395202.4k $7.3m $7.3m 0.00% Added +29.4k +29,415
12 Allegheny Financial Group 0.71% of their portfolio Pittsburgh, PA 145,494145.5k $5.3m $5.3m 0.71% Added +90.6k +90,551
13 DEMMING FINANCIAL SERVICES CORP /ADV 2.73% of their portfolio AURORA, OH 103,816103.8k $3.8m $3.8m 2.73% Added +3.2k +3,201
14 Argent Trust Co 0.12% of their portfolio NASHVILLE, TN 101,149101.1k $3.7m $3.7m 0.12% Added +927 +927
15 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 84,09884.1k $3.1m $3.1m 0.00% New
16 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 83,97684.0k $3.0m $3.0m 0.00% New
17 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 77,90377.9k $2.8m $2.8m 0.01% Added +6.9k +6,937
18 Onyx Bridge Wealth Group LLC 0.28% of their portfolio TARRYTOWN, NY 72,76272.8k $2.6m $2.6m 0.28% Added +3.2k +3,244
19 Compass Ion Advisors, LLC 0.21% of their portfolio CONSHOHOCKEN, PA 59,64259.6k $2.2m $2.2m 0.21% Reduced -45.9k -45,881
20 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 51,55851.6k $1.9m $1.9m 0.00% Added +5.0k +5,038
21 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 50,81350.8k $1.8m $1.8m 0.02% Added +24.7k +24,741
22 Tanglewood Wealth Management, Inc. 0.14% of their portfolio HOUSTON, TX 47,17947.2k $1.7m $1.7m 0.14% Reduced -1.0m -1,038,563
23 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 37,66337.7k $1.4m $1.4m 0.01% Added +10.4k +10,365
24 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 27,73727.7k $1.0m $1.0m 0.00% Added +22.1k +22,104
25 SHP Wealth Management 0.07% of their portfolio PLYMOUTH, MA 25,01925.0k $907.7k $907.7k 0.07% New
26 Mills Wealth Advisors LLC 0.31% of their portfolio SOUTHLAKE, TX 24,80024.8k $899.7k $899.7k 0.31% Reduced -24.2k -24,231
27 CERTIOR FINANCIAL GROUP, LLC 0.54% of their portfolio KING OF PRUSSIA, PA 23,24823.2k $843.5k $843.5k 0.54% Added +13.0k +13,046
28 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 13,76813.8k $499.5k $499.5k 0.00% Added +1.5k +1,484
29 Good Harbor Advisors, Inc. 0.44% of their portfolio Gloucester, MA 11,23111.2k $407.5k $407.5k 0.44% New
30 Lakeside Advisors, INC. 0.26% of their portfolio SEATTLE, WA 10,60010.6k $384.6k $384.6k 0.26% Added +1.0k +1,000
31 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 10,40010.4k $377.3k $377.3k 0.00% Unchanged
32 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 10,09410.1k $366.2k $366.2k 0.00% New
33 DKM Wealth Management, Inc. 0.25% of their portfolio STOCKTON, CA 9,5549.6k $346.6k $346.6k 0.25% Added +3.9k +3,884
34 Joel Isaacson & Co., LLC 0.01% of their portfolio NEW YORK, NY 7,8237.8k $283.8k $283.8k 0.01% Unchanged
35 Retirement Planning Group, LLC 0.01% of their portfolio LEAWOOD, KS 7,6377.6k $277.1k $277.1k 0.01% New
36 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 6,7796.8k $245.9k $245.9k 0.00% Added +3.0k +2,980
37 MCDONALD PARTNERS LLC 0.06% of their portfolio CLEVELAND, OH 6,5006.5k $235.8k $235.8k 0.06% Unchanged
38 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 6,2156.2k $225.5k $225.5k 0.00% Unchanged
39 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 5,7955.8k $210.2k $210.2k 0.00% New
40 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,4843.5k $126.4k $126.4k 0.00% New
41 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 2,7912.8k $101.3k $101.3k 0.00% New
42 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 2,0002.0k $72.6k $72.6k 0.01% Unchanged
43 HAZLETT, BURT & WATSON, INC. 0.01% of their portfolio WHEELING, WV 1,2111.2k $44.0k $44.0k 0.01% Reduced -102 -102
44 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 615615 $22.3k $22.3k 0.00% Added +300 +300
45 Mowery & Schoenfeld Wealth Management, LLC 0.03% of their portfolio LINCOLNSHIRE, IL 500500 $18.1k $18.1k 0.03% Added +200 +200
46 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 3030 $1.1k $1.1k 0.00% New