Vault-13

FIRST TR MORNINGSTAR DIVID L FDL

SHS · ETP · CUSIP 336917109

436 institutional holders +28 vs Q4 2024
74,319,88374.3m shares reported held*
$3.2bnreported value*
58 new 165 added 134 reduced 23 sold out net bought ≈ $457.2m (+10.5m 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 ($104.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $43.34. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 291Q4 22: 358Q1 23: 359Q2 23: 348Q3 23: 350Q4 23: 364Q1 24: 363Q2 24: 355Q3 24: 373Q4 24: 408Q1 25: 436436Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022291
Q4 2022358
Q1 2023359
Q2 2023348
Q3 2023350
Q4 2023364
Q1 2024363
Q2 2024355
Q3 2024373
Q4 2024408
Q1 2025436

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 23: 148 bought or addedQ2 23: 173 cut or sold outQ3 23: 121 bought or addedQ3 23: 196 cut or sold outQ3 23Q4 23: 114 bought or addedQ4 23: 206 cut or sold outQ1 24: 148 bought or addedQ1 24: 182 cut or sold outQ1 24Q2 24: 133 bought or addedQ2 24: 189 cut or sold outQ3 24: 164 bought or addedQ3 24: 162 cut or sold outQ3 24Q4 24: 191 bought or addedQ4 24: 137 cut or sold outQ1 25: 223 bought or addedQ1 25: 157 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023148173
Q3 2023121196
Q4 2023114206
Q1 2024148182
Q2 2024133189
Q3 2024164162
Q4 2024191137
Q1 2025223157

Calls vs puts

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

CallsPuts
$0$10k$20k$30k$40kQ2 24 calls: $33.3kQ2 24 puts: $0Q2 24P/C 0.00Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $8.0kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —
Numbers
QuarterCallsPutsP/C
Q2 2024$33.3k$00.00
Q3 2024$0$0—
Q4 2024$8.0k$00.00
Q1 2025$0$0—

Biggest buyers

LPL Financial LLC Added +1,628,943+1.6m
Creative Planning Added +1,522,337+1.5m
RAYMOND JAMES FINANCIAL INC Added +651,882+651.9k
One Capital Management, LLC New +642,365+642.4k
STIFEL FINANCIAL CORP Added +621,316+621.3k
MORGAN STANLEY Added +489,630+489.6k
Redhawk Wealth Advisors, Inc. New +426,850+426.9k
UBS Group AG Added +344,930+344.9k
AMERIPRISE FINANCIAL INC Added +313,216+313.2k
BANK OF AMERICA CORP /DE/ Added +285,162+285.2k

Biggest sellers

TRUE Private Wealth Advisors Reduced -109,753-109.8k
Independent Advisor Alliance Reduced -95,287-95.3k
RiverTree Advisors, LLC Sold out -79,078-79.1k
JPMORGAN CHASE & CO Reduced -58,511-58.5k
Foundations Investment Advisors, LLC Reduced -55,666-55.7k
WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC Sold out -54,022-54.0k
RPS ADVISORY SOLUTIONS LLC Sold out -48,920-48.9k
Park Square Financial Group, LLC Reduced -31,939-31.9k
Kestra Advisory Services, LLC Reduced -31,935-31.9k
STEPHENS INC /AR/ Reduced -31,359-31.4k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.18% of their portfolio FORT MILL, SC 10,740,66210.7m $466.6m $466.6m 0.18% Added +1.6m +1,628,943
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 7,475,6767.5m $324.7m $324.7m 0.02% Added +489.6k +489,630
3 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 3,814,5033.8m $165.7m $165.7m 0.06% Added +651.9k +651,882
4 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 3,320,9713.3m $144.3m $144.3m 0.04% Added +313.2k +313,216
5 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,804,4682.8m $121.8m $121.8m 0.03% Added +64.7k +64,695
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,369,5622.4m $102.9m $102.9m 0.01% Added +285.2k +285,162
7 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,346,2232.3m $101.9m $101.9m 0.02% Added +344.9k +344,930
8 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,990,4252.0m $86.5m $86.5m 0.02% Added +22.4k +22,429
9 Rockport Wealth LLC 30.26% of their portfolio Fairview Park, OH 1,974,0952.0m $85.8m $85.8m 30.26% Added +22.6k +22,588
10 Cetera Investment Advisers 0.16% of their portfolio SCHAUMBURG, IL 1,862,2451.9m $80.9m $80.9m 0.16% Added +66.4k +66,375
11 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 1,809,7371.8m $78.6m $78.6m 0.08% Added +621.3k +621,316
12 Csenge Advisory Group 4.03% of their portfolio CLEARWATER, FL 1,773,8621.8m $71.1m $71.1m 4.03% Added +32.6k +32,632
13 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 1,558,5291.6m $67.7m $67.7m 0.06% Added +1.5m +1,522,337
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,545,4311.5m $67.1m $67.1m 0.05% Reduced -9.9k -9,922
15 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 1,103,3811.1m $47.9m $47.9m 0.11% Reduced -22.5k -22,460
16 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,069,3291.1m $46.5m $46.5m 0.01% Added +72.0k +72,047
17 Cambridge Investment Research Advisors, Inc. 0.15% of their portfolio FAIRFIELD, IA 1,025,0101.0m $44.5m $44.5m 0.15% Added +195.2k +195,195
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 976,095976.1k $42.4m $42.4m 0.00% Reduced -58.5k -58,511
19 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 909,769909.8k $39.5m $39.5m 0.06% Added +153.8k +153,800
20 TRUE Private Wealth Advisors 4.47% of their portfolio Salem, OR 847,215847.2k $36.8m $36.8m 4.47% Reduced -109.8k -109,753
21 One Capital Management, LLC 0.94% of their portfolio WESTLAKE VILLAGE, CA 642,365642.4k $27.9m $27.9m 0.94% New
22 Janney Montgomery Scott LLC 0.08% of their portfolio PHILADELPHIA, PA 618,950619.0k $26.9m $26.9m 0.08% Added +38.2k +38,206
23 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 600,595600.6k $26.1m $26.1m 0.04% Added +31.4k +31,423
24 Private Advisor Group, LLC 0.14% of their portfolio MORRISTOWN, NJ 530,997531.0k $23.1m $23.1m 0.14% Added +24.0k +23,974
25 STEPHENS INC /AR/ 0.33% of their portfolio LITTLE ROCK, AR 518,245518.2k $22.5m $22.5m 0.33% Reduced -31.4k -31,359
26 BEACON FINANCIAL GROUP 2.44% of their portfolio DALLAS, TX 515,183515.2k $22.4m $22.4m 2.44% Reduced -18.0k -18,034
27 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 513,551513.6k $22.0m $22.0m 0.02% Added +236.7k +236,740
28 Southland Equity Partners LLC 5.08% of their portfolio WILDWOOD, MO 502,734502.7k $21.8m $21.8m 5.08% Added +22.0k +22,046
29 D.A. DAVIDSON & CO. 0.15% of their portfolio GREAT FALLS, MT 437,017437.0k $19.0m $19.0m 0.15% Added +53.7k +53,710
30 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 428,252428.3k $18.6m $18.6m 0.03% Reduced -7.3k -7,303
31 Redhawk Wealth Advisors, Inc. 2.49% of their portfolio MINNEAPOLIS, MN 426,850426.9k $18.5m $18.5m 2.49% New
32 HC Advisors, LLC 12.32% of their portfolio SANDY SPRINGS, GA 378,754378.8k $16.5m $16.5m 12.32% Added +9.5k +9,537
33 HARBOUR INVESTMENTS, INC. 0.44% of their portfolio MADISON, WI 350,861350.9k $15.2m $15.2m 0.44% Added +22.9k +22,940
34 BANK HAPOALIM BM 2.19% of their portfolio TEL AVIV, L3 348,000348.0k $15.1m $15.1m 2.19% Unchanged
35 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 308,878308.9k $13.4m $13.4m 0.06% Reduced -31.9k -31,935
36 Prospera Financial Services Inc 0.29% of their portfolio Dallas, TX 286,170286.2k $12.4m $12.4m 0.29% Added +11.5k +11,477
37 First Heartland Consultants, Inc. 1.23% of their portfolio LAKE ST. LOUIS, MO 273,750273.8k $11.9m $11.9m 1.23% Added +152.3k +152,316
38 WJ Wealth Management, LLC 4.19% of their portfolio GLENDALE, AZ 272,824272.8k $11.9m $11.9m 4.19% New
39 Next Level Private LLC 4.00% of their portfolio HARRISON, NY 247,426247.4k $10.7m $10.7m 4.00% Added +2.2k +2,160
40 MANCHESTER FINANCIAL INC 2.31% of their portfolio Westlake Village, CA 236,138236.1k $10.3m $10.3m 2.31% Added +30.9k +30,895
41 McAdam, LLC 0.62% of their portfolio Philadelphia, PA 230,244230.2k $10.0m $10.0m 0.62% Added +38.3k +38,269
42 Elevation Capital Advisory, LLC 4.21% of their portfolio BEND, OR 221,959222.0k $9.6m $9.6m 4.21% New
43 Summit Financial Wealth Advisors, LLC 1.91% of their portfolio Lafayette, LA 221,641221.6k $9.6m $9.6m 1.91% Reduced -862 -862
44 Mariner, LLC 0.02% of their portfolio Overland Park, KS 215,645215.6k $9.4m $9.4m 0.02% Added +3.3k +3,329
45 Steward Partners Investment Advisory, LLC 0.08% of their portfolio STAMFORD, CT 215,269215.3k $9.4m $9.4m 0.08% Added +9.0k +9,046
46 Hobart Private Capital, LLC 2.20% of their portfolio CHARLOTTE, NC 202,228202.2k $8.8m $8.8m 2.20% Added +12.3k +12,324
47 Atria Wealth Solutions, Inc. 0.10% of their portfolio NEW YORK, NY 196,145196.1k $8.5m $8.5m 0.10% Added +98.7k +98,712
48 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 194,754194.8k $8.5m $8.5m 0.02% Added +3.9k +3,854
49 &PARTNERS 0.08% of their portfolio NASHVILLE, TN 185,898185.9k $8.0m $8.0m 0.08% Added +8.8k +8,845
50 BlueChip Wealth Advisors LLC 3.93% of their portfolio Milton, GA 184,086184.1k $8.0m $8.0m 3.93% Added +19.5k +19,543
51 Key Client Fiduciary Advisors, LLC 3.60% of their portfolio Fairfield, NJ 179,582179.6k $7.8m $7.8m 3.60% Added +4.7k +4,747
52 AVANTAX ADVISORY SERVICES, INC. 0.05% of their portfolio DALLAS, TX 179,330179.3k $7.8m $7.8m 0.05% Added +36.6k +36,638
53 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 177,411177.4k $7.7m $7.7m 0.01% Reduced -4.5k -4,514
54 Rehmann Capital Advisory Group 0.48% of their portfolio LANSING, MI 174,754174.8k $7.6m $7.6m 0.48% Added +28.0k +28,047
55 Equitable Holdings, Inc. 0.07% of their portfolio NEW YORK, NY 174,183174.2k $7.6m $7.6m 0.07% Reduced -2.6k -2,576
56 Allworth Financial LP 0.04% of their portfolio FOLSOM, CA 173,175173.2k $7.0m $7.0m 0.04% Added +3.5k +3,484
57 AE Wealth Management LLC 0.06% of their portfolio TOPEKA, KS 169,985170.0k $7.4m $7.4m 0.06% Added +130.5k +130,545
58 Goldstone Financial Group, LLC 1.08% of their portfolio OAKBROOK TERRACE, IL 164,988165.0k $7.2m $7.2m 1.08% New
59 Fortis Group Advisors, LLC 1.39% of their portfolio WESTWOOD, NJ 164,903164.9k $7.2m $7.2m 1.39% Added +27.5k +27,466
60 Mach-1 Financial Group, LLC 2.11% of their portfolio Rogers, AR 161,962162.0k $7.0m $7.0m 2.11% Added +154.2k +154,182
61 COZAD ASSET MANAGEMENT INC 0.69% of their portfolio CHAMPAIGN, IL 157,816157.8k $6.9m $6.9m 0.69% Added +4.2k +4,152
62 Leelyn Smith, LLC 1.17% of their portfolio GENEVA, IL 151,621151.6k $6.6m $6.6m 1.17% Reduced -3.6k -3,598
63 Orion Portfolio Solutions, LLC 0.03% of their portfolio Omaha, NE 148,551148.6k $6.2m $6.2m 0.03% Added +73.1k +73,133
64 JFS WEALTH ADVISORS, LLC 0.44% of their portfolio HERMITAGE, PA 148,069148.1k $6.4m $6.4m 0.44% Reduced -5.0k -5,007
65 VestGen Advisors, LLC 0.28% of their portfolio CHICAGO, IL 141,802141.8k $6.2m $6.2m 0.28% First filing
66 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 140,147140.1k $6.1m $6.1m 0.02% Added +1.4k +1,354
67 WORLD EQUITY GROUP, INC. 1.73% of their portfolio SCHAUMBURG, IL 139,061139.1k $6.0m $6.0m 1.73% Added +8.5k +8,460
68 Harvest Investment Services, LLC 1.55% of their portfolio Oakbrook Terrace, IL 128,113128.1k $5.6m $5.6m 1.55% Reduced -21.8k -21,805
69 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 124,766124.8k $5.4m $5.4m 0.01% Added +5.0k +5,045
70 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.46% of their portfolio ORLANDO, FL 120,160120.2k $5.2m $5.2m 0.46% Reduced -4.5k -4,467
71 HFG Advisors, Inc. 4.46% of their portfolio CINCINATTI, OH 120,118120.1k $5.2m $5.2m 4.46% Added +2.3k +2,315
72 Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio BERWYN, PA 119,866119.9k $5.2m $5.2m 0.02% Added +2.4k +2,442
73 SILVER OAK SECURITIES, INCORPORATED 0.47% of their portfolio JACKSON, TN 118,298118.3k $5.1m $5.1m 0.47% Added +96.2k +96,233
74 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 118,050118.0k $5.1m $5.1m 0.01% New
75 Concurrent Investment Advisors, LLC 0.12% of their portfolio Tampa, FL 117,577117.6k $5.1m $5.1m 0.12% Reduced -2.7k -2,701
76 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 114,900114.9k $5.0m $5.0m 0.01% New
77 KESTRA PRIVATE WEALTH SERVICES, LLC 0.08% of their portfolio AUSTIN, TX 113,382113.4k $4.9m $4.9m 0.08% Added +6.7k +6,730
78 Prosperity Consulting Group, LLC 0.38% of their portfolio OWINGS MILLS, MD 112,325112.3k $4.9m $4.9m 0.38% Added +9.7k +9,653
79 Investors Research Corp 1.05% of their portfolio ATLANTA, GA 111,524111.5k $4.8m $4.8m 1.05% Added +12.8k +12,774
80 Guerra Advisors Inc 2.70% of their portfolio MIAMI, FL 111,176111.2k $4.8m $4.8m 2.70% New
81 GENESIS PRIVATE WEALTH, LLC 2.42% of their portfolio ASHBURN, VA 104,967105.0k $4.6m $4.6m 2.42% Added +4.1k +4,149
82 Elevated Capital Advisors, LLC 1.28% of their portfolio SANDY, UT 104,846104.8k $4.6m $4.6m 1.28% Reduced -12.6k -12,557
83 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 104,809104.8k $4.6m $4.6m 0.03% Added +7.3k +7,350
84 WETZEL INVESTMENT ADVISORS, INC. 2.27% of their portfolio INDIANAPOLIS, IN 103,739103.7k $4.5m $4.5m 2.27% Reduced -4.6k -4,585
85 Independent Advisor Alliance 0.15% of their portfolio CHARLOTTE, NC 102,314102.3k $4.4m $4.4m 0.15% Reduced -95.3k -95,287
86 Arax Advisory Partners 0.28% of their portfolio NEW YORK, NY 102,277102.3k $4.4m $4.4m 0.28% Added +10.3k +10,275
87 Compass Financial Services Inc 2.30% of their portfolio WEST DES MOINES, IA 100,726100.7k $4.4m $4.4m 2.30% Added +5.8k +5,847
88 J.W. COLE ADVISORS, INC. 0.13% of their portfolio TAMPA, FL 99,89299.9k $4.3m $4.3m 0.13% Added +33.0k +33,011
89 Stratos Wealth Partners, LTD. 0.07% of their portfolio BEACHWOOD, OH 98,93698.9k $4.3m $4.3m 0.07% Added +745 +745
90 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 95,54595.5k $4.2m $4.2m 0.01% Added +4.7k +4,724
91 Randall & Associates Wealth Management 3.42% of their portfolio BUTLER, PA 95,45795.5k $4.1m $4.1m 3.42% Reduced -216 -216
92 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 95,27395.3k $4.1m $4.1m 0.01% Added +59.5k +59,509
93 Wisconsin Wealth Advisors, LLC 5.82% of their portfolio SUN PRAIRIE, WI 93,32393.3k $4.1m $4.1m 5.82% Added +2.8k +2,841
94 GDS Wealth Management 0.34% of their portfolio FLOWER MOUND, TX 90,93290.9k $4.0m $4.0m 0.34% Added +26.7k +26,669
95 Bluespring Wealth Management, LLC 0.38% of their portfolio AUSTIN, TX 85,96386.0k $3.7m $3.7m 0.38% Reduced -4.1k -4,099
96 Sigma Planning Corp 0.12% of their portfolio ANN ARBOR, MI 85,65485.7k $3.7m $3.7m 0.12% Added +538 +538
97 Capital Analysts, LLC 0.14% of their portfolio FORT WASHINGTON, PA 85,64885.6k $3.7m $3.7m 0.14% Added +34.1k +34,071
98 PCG Wealth Advisors, LLC 1.26% of their portfolio OVERLAND PARK, KS 82,91582.9k $3.6m $3.6m 1.26% Added +3.2k +3,243
99 CFS Investment Advisory Services, LLC 0.32% of their portfolio TOTOWA, NJ 82,70582.7k $3.6m $3.6m 0.32% Reduced -433 -433
100 Park Square Financial Group, LLC 2.82% of their portfolio ROSWELL, GA 81,67981.7k $3.5m $3.5m 2.82% Reduced -31.9k -31,939