Vault-13

INVESTMENT MANAGERS SER TR I FPAG

FPA GBL EQTY ETF · ETP · CUSIP 30254T577

50 institutional holders +4 vs Q1 2026
11,617,32411.6m shares reported held*
$466.3mreported value*
8 new 29 added 7 reduced 4 sold out net bought ≈ $16.4m (+407.7k 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 ≈ $40.14.

Trends to Q2 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: 46Q2 26: 5050Q2 24Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q2 202414
Q3 202419
Q4 202422
Q1 202524
Q2 202528
Q3 202528
Q4 202534
Q1 202646
Q2 202650

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 outQ4 24: 14 bought or addedQ4 24: 5 cut or sold outQ4 24Q1 25: 14 bought or addedQ1 25: 9 cut or sold outQ2 25: 13 bought or addedQ2 25: 10 cut or sold outQ2 25Q3 25: 19 bought or addedQ3 25: 3 cut or sold outQ4 25: 22 bought or addedQ4 25: 6 cut or sold outQ4 25Q1 26: 36 bought or addedQ1 26: 5 cut or sold outQ2 26: 37 bought or addedQ2 26: 11 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024153
Q4 2024145
Q1 2025149
Q2 20251310
Q3 2025193
Q4 2025226
Q1 2026365
Q2 20263711

Biggest buyers

OXFORD FINANCIAL GROUP, LTD. LLC Added +1,348,551+1.3m
LPL Financial LLC Added +496,804+496.8k
Goldstone Financial Group, LLC Added +270,748+270.7k
Allegheny Financial Group Added +147,145+147.1k
First Pacific Advisors, LP New +145,470+145.5k
Bank of New York Mellon Corp Added +133,561+133.6k
NavPoint Financial, Inc. Added +101,537+101.5k
Verum Partners LLC Added +82,692+82.7k
Cambridge Investment Research Advisors, Inc. Added +60,782+60.8k
FIG FINANCIAL ADVISORY SERVICES INC /ADV New +52,452+52.5k

Biggest sellers

Mesirow Financial Investment Management, Inc. Reduced -2,219,773-2.2m
JANE STREET GROUP, LLC Sold out -245,245-245.2k
CITADEL ADVISORS LLC Sold out -84,098-84.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -83,976-84.0k
WELLS FARGO & COMPANY/MN Reduced -21,963-22.0k
Compass Ion Advisors, LLC Reduced -10,295-10.3k
Tanglewood Wealth Management, Inc. Reduced -6,370-6.4k
Mills Wealth Advisors LLC Reduced -3,716-3.7k
PNC Financial Services Group, Inc. Sold out -3,484-3.5k
Retirement Planning Group, LLC Reduced -383-383

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OXFORD FINANCIAL GROUP, LTD. LLC 7.93% of their portfolio INDIANAPOLIS, IN 3,897,2083.9m $156.4m $156.4m 7.93% Added +1.3m +1,348,551
2 Mesirow Financial Investment Management, Inc. 1.35% of their portfolio CHICAGO, IL 2,143,7692.1m $86.1m $86.1m 1.35% Reduced -2.2m -2,219,773
3 Verum Partners LLC 4.74% of their portfolio CHARLOTTE, NC 780,750780.8k $31.3m $31.3m 4.74% Added +82.7k +82,692
4 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 677,553677.6k $27.2m $27.2m 0.00% Added +133.6k +133,561
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 524,541524.5k $21.1m $21.1m 0.00% Added +496.8k +496,804
6 NavPoint Financial, Inc. 7.50% of their portfolio Prior Lake, MN 504,375504.4k $20.2m $20.2m 7.50% Added +101.5k +101,537
7 Goldstone Financial Group, LLC 1.81% of their portfolio OAKBROOK TERRACE, IL 493,466493.5k $19.8m $19.8m 1.81% Added +270.7k +270,748
8 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 328,935328.9k $13.2m $13.2m 0.00% Added +17.1k +17,082
9 ECLECTIC ASSOCIATES INC /ADV 1.43% of their portfolio FULLERTON, CA 313,286313.3k $12.6m $12.6m 1.43% Added +37.0k +37,037
10 Allegheny Financial Group 1.25% of their portfolio Pittsburgh, PA 292,639292.6k $11.7m $11.7m 1.25% Added +147.1k +147,145
11 New England Private Wealth Advisors LLC 1.12% of their portfolio WELLESLEY, MA 289,678289.7k $11.6m $11.6m 1.12% Added +29.4k +29,437
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 180,432180.4k $7.2m $7.2m 0.00% Reduced -22.0k -21,963
13 First Pacific Advisors, LP 0.07% of their portfolio EL SEGUNDO, CA 145,470145.5k $5.8m $5.8m 0.07% New
14 Argent Trust Co 0.13% of their portfolio NASHVILLE, TN 113,248113.2k $4.5m $4.5m 0.13% Added +12.1k +12,099
15 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 112,340112.3k $4.5m $4.5m 0.01% Added +60.8k +60,782
16 DEMMING FINANCIAL SERVICES CORP /ADV 2.69% of their portfolio AURORA, OH 105,577105.6k $4.2m $4.2m 2.69% Added +1.8k +1,761
17 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 84,62884.6k $3.4m $3.4m 0.02% Added +6.7k +6,725
18 Onyx Bridge Wealth Group LLC 0.26% of their portfolio TARRYTOWN, NY 72,51272.5k $2.9m $2.9m 0.26% Reduced -250 -250
19 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 58,84558.8k $2.4m $2.4m 0.02% Added +8.0k +8,032
20 FIG FINANCIAL ADVISORY SERVICES INC /ADV 1.23% of their portfolio OKLAHOMA CITY, OK 52,45252.5k $2.1m $2.1m 1.23% New
21 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 51,97152.0k $2.1m $2.1m 0.01% Added +14.3k +14,308
22 SHP Wealth Management 0.14% of their portfolio PLYMOUTH, MA 51,51251.5k $2.1m $2.1m 0.14% Added +26.5k +26,493
23 Compass Ion Advisors, LLC 0.17% of their portfolio CONSHOHOCKEN, PA 49,34749.3k $2.0m $2.0m 0.17% Reduced -10.3k -10,295
24 Tanglewood Wealth Management, Inc. 0.14% of their portfolio HOUSTON, TX 40,80940.8k $1.6m $1.6m 0.14% Reduced -6.4k -6,370
25 Good Harbor Advisors, Inc. 1.40% of their portfolio Gloucester, MA 35,69735.7k $1.4m $1.4m 1.40% Added +24.5k +24,466
26 FLOW TRADERS U.S. LLC 0.04% of their portfolio NEW YORK, NY 24,29224.3k $975.0k $975.0k 0.04% New
27 CERTIOR FINANCIAL GROUP, LLC 0.51% of their portfolio KING OF PRUSSIA, PA 23,41323.4k $939.9k $939.9k 0.51% Added +165 +165
28 Mills Wealth Advisors LLC 0.27% of their portfolio SOUTHLAKE, TX 21,08421.1k $846.4k $846.4k 0.27% Reduced -3.7k -3,716
29 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 15,21915.2k $611.0k $611.0k 0.00% Added +1.5k +1,451
30 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 13,97414.0k $561.0k $561.0k 0.00% Added +3.9k +3,880
31 DKM Wealth Management, Inc. 0.28% of their portfolio STOCKTON, CA 10,79410.8k $433.3k $433.3k 0.28% Added +1.2k +1,240
32 Lakeside Advisors, INC. 0.27% of their portfolio SEATTLE, WA 10,60010.6k $425.5k $425.5k 0.27% Unchanged
33 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 10,40010.4k $417.5k $417.5k 0.00% Unchanged
34 Guardian Asset Advisors, LLC 0.19% of their portfolio MECHANICSBURG, PA 10,32610.3k $414.5k $414.5k 0.19% New
35 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 9,8859.9k $396.8k $396.8k 0.00% Added +3.7k +3,670
36 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 7,9387.9k $319.0k $319.0k 0.00% New
37 Joel Isaacson & Co., LLC 0.01% of their portfolio NEW YORK, NY 7,8557.9k $315.3k $315.3k 0.01% Added +32 +32
38 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 7,5957.6k $304.9k $304.9k 0.00% Added +1.8k +1,800
39 Retirement Planning Group, LLC 0.01% of their portfolio LEAWOOD, KS 7,2547.3k $291.2k $291.2k 0.01% Reduced -383 -383
40 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 7,1577.2k $287.3k $287.3k 0.00% Added +378 +378
41 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 7,1177.1k $285.7k $285.7k 0.00% New
42 MCDONALD PARTNERS LLC 0.06% of their portfolio CLEVELAND, OH 6,5006.5k $260.9k $260.9k 0.06% Unchanged
43 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 6,0266.0k $241.9k $241.9k 0.00% New
44 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 2,7912.8k $112.0k $112.0k 0.00% Unchanged
45 Mowery & Schoenfeld Wealth Management, LLC 0.11% of their portfolio LINCOLNSHIRE, IL 2,0042.0k $80.4k $80.4k 0.11% Added +1.5k +1,504
46 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 2,0002.0k $80.3k $80.3k 0.01% Unchanged
47 HAZLETT, BURT & WATSON, INC. 0.01% of their portfolio WHEELING, WV 1,2141.2k $49.0k $49.0k 0.01% Added +3 +3
48 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 615615 $24.7k $24.7k 0.00% Unchanged
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 187187 $8.0k $8.0k 0.00% New
50 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 4444 $1.8k $1.8k 0.00% Added +14 +14