Vault-13

FIRST TR EXCHANGE-TRADED FD FCG

NAT GAS ETF · ETP · CUSIP 33733E807

108 institutional holders +9 vs Q3 2025
8,863,5338.9m shares reported held*
$207.5mreported value*
19 new 37 added 27 reduced 15 sold out net bought ≈ $44.6m (+1.9m 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 ≈ $23.41. Options: 2 managers hold calls ($3.6m notional), 4 hold puts ($1.5m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 139Q4 22: 147Q1 23: 124Q2 23: 115Q3 23: 130Q4 23: 124Q1 24: 124Q2 24: 114Q3 24: 98Q4 24: 104Q1 25: 107Q2 25: 107Q3 25: 99Q4 25: 108108Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022139
Q4 2022147
Q1 2023124
Q2 2023115
Q3 2023130
Q4 2023124
Q1 2024124
Q2 2024114
Q3 202498
Q4 2024104
Q1 2025107
Q2 2025107
Q3 202599
Q4 2025108

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 50 bought or addedQ1 24: 65 cut or sold outQ2 24: 43 bought or addedQ2 24: 65 cut or sold outQ2 24Q3 24: 34 bought or addedQ3 24: 59 cut or sold outQ4 24: 49 bought or addedQ4 24: 35 cut or sold outQ4 24Q1 25: 47 bought or addedQ1 25: 49 cut or sold outQ2 25: 37 bought or addedQ2 25: 62 cut or sold outQ2 25Q3 25: 38 bought or addedQ3 25: 56 cut or sold outQ4 25: 56 bought or addedQ4 25: 42 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245065
Q2 20244365
Q3 20243459
Q4 20244935
Q1 20254749
Q2 20253762
Q3 20253856
Q4 20255642

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ1 25 calls: $2.0mQ1 25 puts: $1.3mQ1 25P/C 0.64Q2 25 calls: $1.3mQ2 25 puts: $591.6kQ2 25P/C 0.47Q3 25 calls: $1.3mQ3 25 puts: $1.9mQ3 25P/C 1.47Q4 25 calls: $3.6mQ4 25 puts: $1.5mQ4 25P/C 0.43
Numbers
QuarterCallsPutsP/C
Q1 2025$2.0m$1.3m0.64
Q2 2025$1.3m$591.6k0.47
Q3 2025$1.3m$1.9m1.47
Q4 2025$3.6m$1.5m0.43

Biggest buyers

GENDELL JEFFREY L Added +753,874+753.9k
Lake Hills Wealth Management, LLC New +239,072+239.1k
CAPTRUST FINANCIAL ADVISORS New +204,300+204.3k
Riggs Asset Managment Co. Inc. New +186,717+186.7k
LPL Financial LLC Added +170,761+170.8k
UBS Group AG Added +149,095+149.1k
PCG Wealth Advisors, LLC Added +127,656+127.7k
Ethos Financial Group, LLC New +97,760+97.8k
Guardian Partners Inc. New +92,600+92.6k
Tower Research Capital LLC (TRC) Added +74,402+74.4k

Biggest sellers

Quadrature Capital Ltd Sold out -251,539-251.5k
BNP PARIBAS FINANCIAL MARKETS Sold out -150,000-150.0k
Financial Sense Advisors, Inc. Reduced -50,685-50.7k
RAYMOND JAMES FINANCIAL INC Reduced -29,445-29.4k
Davis Investment Partners, LLC Reduced -25,836-25.8k
Sigma Planning Corp Sold out -25,344-25.3k
RENAISSANCE TECHNOLOGIES LLC Reduced -22,400-22.4k
COMERICA BANK Reduced -16,570-16.6k
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors Sold out -16,484-16.5k
ROYAL BANK OF CANADA Reduced -16,148-16.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.3m143.0k shares
CITADEL ADVISORS LLC Added $257.5k11.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $781.9k33.4k shares
CITADEL ADVISORS LLC Reduced $496.3k21.2k shares
JANE STREET GROUP, LLC New $262.2k11.2k shares
GROUP ONE TRADING LLC Reduced $4.7k200 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 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,436,3611.4m $33.6m $33.6m 0.00% Added +44.2k +44,211
2 GENDELL JEFFREY L 0.39% of their portfolio Greenwich, CT 943,874943.9k $22.1m $22.1m 0.39% Added +753.9k +753,874
3 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 728,302728.3k $17.0m $17.0m 0.01% Reduced -29.4k -29,445
4 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 612,446612.4k $14.3m $14.3m 0.00% Added +170.8k +170,761
5 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 511,506511.5k $12.0m $12.0m 0.00% Added +30.6k +30,585
6 Financial Sense Advisors, Inc. 2.12% of their portfolio SAN DIEGO, CA 485,978486.0k $11.4m $11.4m 2.12% Reduced -50.7k -50,685
7 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 392,350392.4k $9.2m $9.2m 0.00% Added +43.5k +43,481
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 338,265338.3k $7.9m $7.9m 0.00% Added +149.1k +149,095
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 276,278276.3k $6.5m $6.5m 0.00% Added +41.4k +41,363
10 PCG Wealth Advisors, LLC 1.79% of their portfolio OVERLAND PARK, KS 270,887270.9k $6.3m $6.3m 1.79% Added +127.7k +127,656
11 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 240,876240.9k $5.6m $5.6m 0.02% Added +18.3k +18,300
12 Lake Hills Wealth Management, LLC 2.92% of their portfolio AUSTIN, TX 239,072239.1k $5.6m $5.6m 2.92% New
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 206,290206.3k $4.8m $4.8m 0.00% Reduced -16.1k -16,148
14 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 204,300204.3k $4.8m $4.8m 0.01% New
15 Riggs Asset Managment Co. Inc. 0.88% of their portfolio DALLAS, PA 186,717186.7k $4.4m $4.4m 0.88% New
16 Ethos Financial Group, LLC 0.17% of their portfolio KING OF PRUSSIA, PA 97,76097.8k $2.3m $2.3m 0.17% New
17 Guardian Partners Inc. 0.17% of their portfolio TORONTO, Z4 92,60092.6k $2.2m $2.2m 0.17% New
18 TrustWell Financial Advisors, LLC 1.98% of their portfolio Jacksonville, FL 87,50487.5k $2.0m $2.0m 1.98% First filing
19 Tower Research Capital LLC (TRC) 0.05% of their portfolio NEW YORK, NY 83,45483.5k $2.0m $2.0m 0.05% Added +74.4k +74,402
20 Skylands Capital, LLC 0.26% of their portfolio Milwaukee, WI 80,90080.9k $1.9m $1.9m 0.26% Added +1.4k +1,400
21 Grand Central Investment Group 1.34% of their portfolio TAMPA, FL 79,10879.1k $1.9m $1.9m 1.34% First filing
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 78,50178.5k $1.8m $1.8m 0.00% Added +58.0k +57,966
23 Davis Investment Partners, LLC 0.53% of their portfolio CHARLOTTE, NC 63,34563.3k $1.5m $1.5m 0.53% Reduced -25.8k -25,836
24 MGB Wealth Management, LLC 0.40% of their portfolio ADDISON, TX 59,11159.1k $1.4m $1.4m 0.40% Reduced -973 -973
25 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 57,22857.2k $1.3m $1.3m 0.00% Reduced -11.6k -11,631
26 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 55,72355.7k $1.3m $1.3m 0.00% Added +9.2k +9,163
27 CORRADO ADVISORS, LLC 0.62% of their portfolio RAMSEY, NJ 52,90252.9k $1.2m $1.2m 0.62% Added +3.6k +3,639
28 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 45,04245.0k $1.1m $1.1m 0.01% Added +27.5k +27,469
29 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 44,71544.7k $1.0m $1.0m 0.00% Added +8.5k +8,483
30 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 44,47444.5k $1.0m $1.0m 0.00% Added +24.4k +24,394
31 Main Street Financial Solutions, LLC 0.07% of their portfolio NEWTOWN, PA 40,01240.0k $936.7k $936.7k 0.07% Added +23.0k +23,033
32 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 36,65636.7k $858.2k $858.2k 0.00% Reduced -6.7k -6,722
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 34,70634.7k $812.5k $812.5k 0.00% Added +32.5k +32,469
34 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 33,42733.4k $782.5k $782.5k 0.00% Added +1.8k +1,759
35 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 31,30431.3k $732.8k $732.8k 0.00% Reduced -1.9k -1,852
36 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 30,76330.8k $720.2k $720.2k 0.00% Added +16.4k +16,398
37 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 27,82627.8k $651.4k $651.4k 0.00% Reduced -254 -254
38 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 27,80027.8k $650.8k $650.8k 0.00% Unchanged
39 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 22,25622.3k $520.8k $520.8k 0.00% Added +401 +401
40 Corecam Pte. Ltd. 0.26% of their portfolio SINGAPORE, U0 21,11621.1k $494.3k $494.3k 0.26% New
41 Brown Miller Wealth Management, LLC 0.13% of their portfolio MCLEAN, VA 20,60020.6k $482.2k $482.2k 0.13% New
42 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 20,52020.5k $480.4k $480.4k 0.01% Reduced -4.1k -4,062
43 Tactive Advisors, LLC 0.14% of their portfolio Jacksonville, FL 20,51020.5k $480.1k $480.1k 0.14% Added +1.1k +1,125
44 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 19,79519.8k $463.0k $463.0k 0.00% New
45 INTEGRITY WEALTH ADVISORS, INC. 0.31% of their portfolio Ventura, CA 18,73618.7k $438.6k $438.6k 0.31% Added +1.3k +1,299
46 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 17,94917.9k $420.0k $420.0k 0.01% Reduced -1.0k -1,038
47 Fielder Capital Group LLC 0.09% of their portfolio NASHVILLE, TN 17,77217.8k $416.0k $416.0k 0.09% Reduced -4.1k -4,124
48 Pekin Hardy Strauss, Inc. 0.03% of their portfolio CHICAGO, IL 16,14516.1k $378.0k $378.0k 0.03% Unchanged
49 NTV Asset Management LLC 0.04% of their portfolio Charleston, WV 15,15015.2k $354.7k $354.7k 0.04% Reduced -3.0k -3,000
50 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 14,29814.3k $334.7k $334.7k 0.00% Added +4.9k +4,900
51 Moors & Cabot, Inc. 0.01% of their portfolio BOSTON, MA 13,06013.1k $305.7k $305.7k 0.01% Added +350 +350
52 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 12,72412.7k $297.9k $297.9k 0.00% Reduced -741 -741
53 Oxbow Advisors, LLC 0.03% of their portfolio Austin, TX 12,55312.6k $293.9k $293.9k 0.03% New
54 PACK Private Wealth, LLC 0.13% of their portfolio WAYZATA, MN 11,69811.7k $273.9k $273.9k 0.13% Added +1.8k +1,835
55 WEXFORD CAPITAL LP 0.07% of their portfolio WEST PALM BEACH, FL 11,49711.5k $269.1k $269.1k 0.07% New
56 Guardian Asset Advisors, LLC 0.14% of their portfolio MECHANICSBURG, PA 11,41711.4k $267.3k $267.3k 0.14% Reduced -1.1k -1,132
57 BECK CAPITAL MANAGEMENT, LLC 0.06% of their portfolio AUSTIN, TX 11,33811.3k $265.4k $265.4k 0.06% Added +900 +900
58 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 11,20211.2k $262.0k $262.0k 0.00% New
59 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 11,06711.1k $259.1k $259.1k 0.00% New
60 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 10,90210.9k $255.2k $255.2k 0.00% New
61 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,60310.6k $243.3k $243.3k 0.00% Added +1.1k +1,064
62 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 10,60010.6k $248.1k $248.1k 0.00% Reduced -22.4k -22,400
63 AXXCESS WEALTH MANAGEMENT, LLC 0.00% of their portfolio CARLSBAD, CA 10,39710.4k $243.4k $243.4k 0.00% Added +74 +74
64 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 10,10010.1k $236.0k $236.0k 0.00% Unchanged
65 COMERICA BANK 0.00% of their portfolio DALLAS, TX 9,8449.8k $230.4k $230.4k 0.00% Reduced -16.6k -16,570
66 Encompass More Asset Management 0.04% of their portfolio Danville, CA 9,7789.8k $228.9k $228.9k 0.04% New
67 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 9,7539.8k $228.3k $228.3k 0.00% New
68 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 9,1169.1k $213.4k $213.4k 0.00% Reduced -8.6k -8,649
69 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 9,0209.0k $211.2k $211.2k 0.00% Reduced -7.9k -7,862
70 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 8,9008.9k $208.3k $208.3k 0.00% Reduced -4.0k -4,000
71 National Philanthropic Trust 0.00% of their portfolio Jenkintown, PA 8,7928.8k $205.8k $205.8k 0.00% Unchanged
72 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio ORLANDO, FL 8,6498.6k $202.5k $202.5k 0.01% Reduced -760 -760
73 Sound Income Strategies, LLC 0.01% of their portfolio FT LAUDERDALE, FL 7,7867.8k $183.9k $183.9k 0.01% New
74 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 5,5755.6k $130.5k $130.5k 0.00% Added +4.0k +4,000
75 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 4,2634.3k $99.8k $99.8k 0.00% Unchanged
76 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 4,1164.1k $96.4k $96.4k 0.00% Reduced -754 -754
77 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 2,9452.9k $68.9k $68.9k 0.00% Reduced -800 -800
78 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 2,4692.5k $57.8k $57.8k 0.00% Added +1.3k +1,258
79 ADIRONDACK TRUST CO 0.02% of their portfolio SARATOGA SPRINGS, NY 2,4362.4k $57.0k $57.0k 0.02% Reduced -363 -363
80 Founders Financial Alliance, LLC 0.01% of their portfolio RALEIGH, NC 1,7501.8k $41.0k $41.0k 0.01% Unchanged
81 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,5831.6k $37.1k $37.1k 0.00% Unchanged
82 HighMark Wealth Management LLC 0.01% of their portfolio ST. PAUL, MN 1,4501.4k $33.9k $33.9k 0.01% Unchanged
83 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,4001.4k $32.8k $32.8k 0.00% Unchanged
84 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,3131.3k $30.7k $30.7k 0.00% Added +1.1k +1,063
85 Vermillion Wealth Management, Inc. 0.01% of their portfolio ROSEMOUNT, MN 1,2391.2k $29.0k $29.0k 0.01% Added +9 +9
86 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 1,0251.0k $24.0k $24.0k 0.00% Added +297 +297
87 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 937937 $21.9k $21.9k 0.00% Reduced -827 -827
88 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 900900 $21.1k $21.1k 0.00% Unchanged
89 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 780780 $18.3k $18.3k 0.00% Unchanged
90 FWL INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio Dallas, TX 745745 $17.5k $17.5k 0.00% Added +400 +400
91 NorthAvenue LLC 0.01% of their portfolio COLUMBUS, OH 600600 $14.0k $14.0k 0.01% First filing
92 Aventura Private Wealth, LLC 0.00% of their portfolio AVENTURA, FL 529529 $12.4k $12.4k 0.00% Unchanged
93 FMR LLC 0.00% of their portfolio BOSTON, MA 523523 $12.2k $12.2k 0.00% Reduced -5.4k -5,433
94 Golden State Wealth Management, LLC 0.00% of their portfolio SANTA ANA, CA 500500 $11.7k $11.7k 0.00% Unchanged
95 FLAGSHIP HARBOR ADVISORS, LLC 0.00% of their portfolio BOSTON, MA 464464 $10.9k $10.9k 0.00% New
96 IFC & Insurance Marketing, Inc. 0.01% of their portfolio AUBURN, CA 423423 $10.0k $10.0k 0.01% First filing
97 Financial Perspectives, Inc 0.00% of their portfolio MINNEAPOLIS, MN 324324 $7.6k $7.6k 0.00% Unchanged
98 MH & ASSOCIATES SECURITIES MANAGEMENT CORP /ADV 0.00% of their portfolio CARLSBAD, CA 250250 $5.9k $5.9k 0.00% First filing
99 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 250250 $5.8k $5.8k 0.00% Unchanged
100 Global Trust Asset Management, LLC 0.00% of their portfolio PALM BEACH GARDENS, FL 240240 $5.6k $5.6k 0.00% Unchanged