Vault-13

FIRST TR LRGE CP CORE ALPHA FEX

COM SHS · ETP · CUSIP 33734K109

219 institutional holders +10 vs Q3 2025
7,130,1227.1m shares reported held*
$848.1mreported value*
18 new 52 added 83 reduced 12 sold out net sold ≈ $14.2m (-119.6k 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 ≈ $118.94.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 165Q4 22: 179Q1 23: 178Q2 23: 180Q3 23: 184Q4 23: 188Q1 24: 197Q2 24: 202Q3 24: 204Q4 24: 212Q1 25: 199Q2 25: 210Q3 25: 209Q4 25: 219219Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022165
Q4 2022179
Q1 2023178
Q2 2023180
Q3 2023184
Q4 2023188
Q1 2024197
Q2 2024202
Q3 2024204
Q4 2024212
Q1 2025199
Q2 2025210
Q3 2025209
Q4 2025219

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 79 bought or addedQ1 24: 73 cut or sold outQ2 24: 59 bought or addedQ2 24: 93 cut or sold outQ2 24Q3 24: 74 bought or addedQ3 24: 87 cut or sold outQ4 24: 73 bought or addedQ4 24: 86 cut or sold outQ4 24Q1 25: 69 bought or addedQ1 25: 97 cut or sold outQ2 25: 71 bought or addedQ2 25: 92 cut or sold outQ2 25Q3 25: 76 bought or addedQ3 25: 77 cut or sold outQ4 25: 70 bought or addedQ4 25: 95 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20247973
Q2 20245993
Q3 20247487
Q4 20247386
Q1 20256997
Q2 20257192
Q3 20257677
Q4 20257095

Biggest buyers

BIP Wealth, LLC New +132,719+132.7k
ROYAL BANK OF CANADA Added +53,976+54.0k
Virtu Financial LLC Added +27,688+27.7k
RAYMOND JAMES FINANCIAL INC Added +27,345+27.3k
Cambridge Investment Research Advisors, Inc. Added +18,172+18.2k
Focus Partners Wealth New +11,738+11.7k
US BANCORP \DE\ Added +7,813+7.8k
Rockefeller Capital Management L.P. Added +6,559+6.6k
TRUIST FINANCIAL CORP Added +4,826+4.8k
Sargent Investment Group, LLC New +4,165+4.2k

Biggest sellers

Strategic Blueprint, LLC Sold out -130,323-130.3k
OSAIC HOLDINGS, INC. Reduced -60,690-60.7k
Sanctuary Advisors, LLC Reduced -28,120-28.1k
MORGAN STANLEY Reduced -21,829-21.8k
Keystone Wealth Services, LLC Sold out -21,751-21.8k
SILVER OAK SECURITIES, INCORPORATED Reduced -18,811-18.8k
CITADEL ADVISORS LLC Reduced -18,418-18.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -14,705-14.7k
RiverTree Advisors, LLC Sold out -11,941-11.9k
LPL Financial LLC Reduced -11,480-11.5k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,107,9911.1m $131.4m $131.4m 0.01% Reduced -21.8k -21,829
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 995,611995.6k $118.1m $118.1m 0.03% Reduced -11.5k -11,480
3 Janney Montgomery Scott LLC 0.14% of their portfolio PHILADELPHIA, PA 507,115507.1k $60.2m $60.2m 0.14% Reduced -2.3k -2,338
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 503,140503.1k $59.7m $59.7m 0.01% Reduced -126 -126
5 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 306,172306.2k $36.3m $36.3m 0.01% Added +27.3k +27,345
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 227,885227.9k $27.0m $27.0m 0.00% Reduced -998 -998
7 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 225,417225.4k $26.7m $26.7m 0.00% Added +54.0k +53,976
8 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 213,869213.9k $25.4m $25.4m 0.03% Reduced -2.5k -2,513
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 200,430200.4k $23.8m $23.8m 0.00% Reduced -3.1k -3,052
10 HBK Sorce Advisory LLC 0.52% of their portfolio ERIE, PA 179,998180.0k $22.8m $22.8m 0.52% Reduced -4.8k -4,766
11 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 175,357175.4k $20.8m $20.8m 0.03% Added +4.8k +4,826
12 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 161,657161.7k $19.2m $19.2m 0.03% Reduced -60.7k -60,690
13 SILVER OAK SECURITIES, INCORPORATED 1.10% of their portfolio JACKSON, TN 136,499136.5k $16.3m $16.3m 1.10% Reduced -18.8k -18,811
14 BIP Wealth, LLC 0.56% of their portfolio ATLANTA, GA 132,719132.7k $15.7m $15.7m 0.56% New
15 Crusonia Wealth Advisors LLC 3.45% of their portfolio DENVER, CO 132,087132.1k $15.7m $15.7m 3.45% First filing
16 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 114,669114.7k $13.6m $13.6m 0.01% Reduced -9 -9
17 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 105,077105.1k $12.5m $12.5m 0.03% Added +18.2k +18,172
18 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 93,35693.4k $11.1m $11.1m 0.05% Added +1.3k +1,319
19 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 78,87778.9k $9.4m $9.4m 0.01% Added +7.8k +7,813
20 Kingsview Wealth Management, LLC 0.11% of their portfolio GRANTS PASS, OR 63,89063.9k $7.6m $7.6m 0.11% Reduced -6.9k -6,923
21 GREAT VALLEY ADVISOR GROUP, INC. 0.14% of their portfolio WILMINGTON, DE 61,73761.7k $7.3m $7.3m 0.14% Reduced -1.0k -1,016
22 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 60,31160.3k $7.2m $7.2m 0.00% Added +4.0k +3,967
23 &PARTNERS 0.04% of their portfolio NASHVILLE, TN 56,50956.5k $6.7m $6.7m 0.04% Added +1.9k +1,926
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 55,78455.8k $6.6m $6.6m 0.00% Reduced -5.8k -5,834
25 Chicago Partners Investment Group LLC 0.17% of their portfolio CHICAGO, IL 54,87354.9k $6.8m $6.8m 0.17% Reduced -536 -536
26 Triumph Capital Management 1.33% of their portfolio DENVER, CO 51,97652.0k $6.2m $6.2m 1.33% Reduced -1.2k -1,216
27 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 47,34947.3k $5.6m $5.6m 0.00% Reduced -639 -639
28 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 46,61446.6k $5.5m $5.5m 0.01% Added +6.6k +6,559
29 Virtu Financial LLC 0.16% of their portfolio New York, NY 35,26635.3k $4.2m $4.2m 0.16% Added +27.7k +27,688
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 34,51334.5k $4.1m $4.1m 0.00% Reduced -3.7k -3,658
31 KPP Advisory Services LLC 0.55% of their portfolio Louisville, KY 31,81731.8k $3.8m $3.8m 0.55% Added +339 +339
32 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 28,64628.6k $3.4m $3.4m 0.02% Reduced -28.1k -28,120
33 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 25,59125.6k $3.0m $3.0m 0.02% Reduced -350 -350
34 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 23,70423.7k $2.8m $2.8m 0.00% Added +1.4k +1,443
35 TCFG WEALTH MANAGEMENT, LLC 0.99% of their portfolio LAGUNA NIGUEL, CA 21,30621.3k $2.5m $2.5m 0.99% Reduced -367 -367
36 BENJAMIN EDWARDS INC 0.03% of their portfolio Clayton, MO 20,47720.5k $2.4m $2.4m 0.03% Reduced -5.1k -5,073
37 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 17,86317.9k $2.1m $2.1m 0.00% Reduced -1.6k -1,645
38 AssuredPartners Investment Advisors, LLC 0.31% of their portfolio Tampa, FL 17,38517.4k $2.1m $2.1m 0.31% Added +219 +219
39 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 17,33517.3k $2.1m $2.1m 0.03% Reduced -100 -100
40 Belpointe Asset Management LLC 0.07% of their portfolio RENO, NV 16,89816.9k $2.0m $2.0m 0.07% Reduced -642 -642
41 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 16,21116.2k $1.9m $1.9m 0.00% Added +37 +37
42 Coppell Advisory Solutions LLC 0.19% of their portfolio COPPELL, TX 15,82515.8k $1.9m $1.9m 0.19% Reduced -11 -11
43 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 15,24115.2k $1.8m $1.8m 0.00% Reduced -974 -974
44 Atlanta Consulting Group Advisors, LLC 0.40% of their portfolio ATLANTA, GA 15,04915.0k $1.8m $1.8m 0.40% Unchanged
45 Focus Financial Network, Inc. 0.06% of their portfolio MINNEAPOLIS, MN 15,01815.0k $1.8m $1.8m 0.06% Added +15 +15
46 Arkadios Wealth Advisors 0.03% of their portfolio ATLANTA, GA 14,72914.7k $1.7m $1.7m 0.03% Reduced -2.9k -2,874
47 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 13,27013.3k $1.6m $1.6m 0.00% Reduced -229 -229
48 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 12,64712.6k $1.5m $1.5m 0.01% Added +315 +315
49 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 12,57212.6k $1.5m $1.5m 0.02% Reduced -749 -749
50 Golden State Wealth Management, LLC 0.15% of their portfolio SANTA ANA, CA 12,20912.2k $1.4m $1.4m 0.15% Reduced -1.1k -1,084
51 Morey & Quinn Wealth Partners, LLC 1.02% of their portfolio OMAHA, NE 12,00712.0k $1.4m $1.4m 1.02% Reduced -114 -114
52 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 11,74411.7k $1.4m $1.4m 0.01% Added +200 +200
53 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 11,73811.7k $1.4m $1.4m 0.00% New
54 Wedmont Private Capital 0.05% of their portfolio WEST CHESTER, PA 11,67911.7k $1.4m $1.4m 0.05% Unchanged
55 POTENTIA WEALTH 0.49% of their portfolio SAN JOSE, CA 11,23111.2k $1.3m $1.3m 0.49% Reduced -43 -43
56 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 10,85410.9k $1.3m $1.3m 0.01% Reduced -75 -75
57 HARBOUR INVESTMENTS, INC. 0.03% of their portfolio MADISON, WI 10,72710.7k $1.3m $1.3m 0.03% Added +425 +425
58 Kaydan Wealth Management, Inc. 0.37% of their portfolio FENTON, MI 10,68310.7k $1.3m $1.3m 0.37% Reduced -158 -158
59 CENTAURUS FINANCIAL, INC. 0.06% of their portfolio ANAHEIM, CA 10,67210.7k $1.3m $1.3m 0.06% Reduced -438 -438
60 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 10,54010.5k $1.3m $1.3m 0.01% Added +604 +604
61 Transamerica Financial Advisors, LLC 0.10% of their portfolio CEDAR RAPIDS, IA 10,53310.5k $1.2m $1.2m 0.10% Reduced -400 -400
62 Prosperity Consulting Group, LLC 0.06% of their portfolio OWINGS MILLS, MD 10,50410.5k $1.2m $1.2m 0.06% Unchanged
63 Ancora Advisors LLC 0.02% of their portfolio Cleveland, OH 9,96710.0k $1.2m $1.2m 0.02% Unchanged
64 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 9,7279.7k $1.2m $1.2m 0.01% Reduced -86 -86
65 WETZEL INVESTMENT ADVISORS, INC. 0.46% of their portfolio INDIANAPOLIS, IN 9,4809.5k $1.1m $1.1m 0.46% Reduced -199 -199
66 RIK SAYLOR FINANCIAL, INC. 0.81% of their portfolio FAIRFIELD, OH 9,3659.4k $1.1m $1.1m 0.81% Reduced -3 -3
67 FMR LLC 0.00% of their portfolio BOSTON, MA 8,5448.5k $1.0m $1.0m 0.00% Added +27 +27
68 Farrell Financial LLC 0.60% of their portfolio ORCHARD PARK, NY 8,5068.5k $1.0m $1.0m 0.60% Reduced -177 -177
69 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,4588.5k $1.0m $1.0m 0.00% Reduced -11.1k -11,080
70 PARK NATIONAL CORP /OH/ 0.03% of their portfolio NEWARK, OH 8,3058.3k $985.1k $985.1k 0.03% Unchanged
71 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 7,8137.8k $926.8k $926.8k 0.00% Reduced -565 -565
72 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 7,7987.8k $925.0k $925.0k 0.00% Added +546 +546
73 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 7,6257.6k $904.5k $904.5k 0.01% Reduced -2.8k -2,774
74 COZAD ASSET MANAGEMENT INC 0.07% of their portfolio CHAMPAIGN, IL 7,5737.6k $898.2k $898.2k 0.07% Added +1 +1
75 Independent Wealth Network Inc. 0.27% of their portfolio URBANDALE, IA 7,5307.5k $893.2k $893.2k 0.27% Added +638 +638
76 Richmond Investment Services, LLC 0.15% of their portfolio Mequon, WI 7,4387.4k $882.2k $882.2k 0.15% Unchanged
77 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 7,2577.3k $847.8k $847.8k 0.00% Unchanged
78 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 7,2337.2k $858.0k $858.0k 0.00% Reduced -3.7k -3,700
79 Sterling Investment Advisors, Ltd. 0.14% of their portfolio BERWYN, PA 6,3146.3k $748.9k $748.9k 0.14% Reduced -335 -335
80 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 6,1536.2k $729.8k $729.8k 0.00% Added +3.2k +3,165
81 PEAPACK GLADSTONE FINANCIAL CORP 0.01% of their portfolio BEDMINSTER, NJ 6,1266.1k $727.0k $727.0k 0.01% Added +25 +25
82 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 6,0476.0k $717.3k $717.3k 0.01% Reduced -161 -161
83 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 5,8005.8k $688.5k $688.5k 0.01% Reduced -465 -465
84 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 5,6915.7k $675.1k $675.1k 0.00% Added +7 +7
85 WealthPlan Investment Management, LLC 0.04% of their portfolio OMAHA, NE 5,3165.3k $630.6k $630.6k 0.04% Reduced -39 -39
86 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 5,1995.2k $616.7k $616.7k 0.01% Reduced -4 -4
87 Regal Investment Advisors LLC 0.04% of their portfolio KENTWOOD, MI 5,1135.1k $606.5k $606.5k 0.04% Added +2 +2
88 Ameritas Advisory Services, LLC 0.02% of their portfolio Lincoln, NE 5,0635.1k $600.5k $600.5k 0.02% Added +3.7k +3,688
89 Arax Advisory Partners 0.02% of their portfolio NEW YORK, NY 5,0625.1k $600.5k $600.5k 0.02% Reduced -7.3k -7,287
90 DAYMARK WEALTH PARTNERS, LLC 0.02% of their portfolio CINCINNATI, OH 4,8704.9k $577.7k $577.7k 0.02% Unchanged
91 Rathbones Group PLC 0.00% of their portfolio Liverpool, X0 4,6484.6k $551.3k $551.3k 0.00% Added +2.3k +2,253
92 Gladstone Institutional Advisory LLC 0.02% of their portfolio Bedminster, NJ 4,6384.6k $550.2k $550.2k 0.02% Added +51 +51
93 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 4,6314.6k $549.3k $549.3k 0.00% Reduced -18.4k -18,418
94 Venture Visionary Partners LLC 0.02% of their portfolio Sylvania, OH 4,5744.6k $542.6k $542.6k 0.02% Unchanged
95 HFG Advisors, Inc. 0.39% of their portfolio CINCINATTI, OH 4,5624.6k $541.1k $541.1k 0.39% Reduced -237 -237
96 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 4,5384.5k $538.3k $538.3k 0.01% Reduced -41 -41
97 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 4,4794.5k $531.3k $531.3k 0.01% Added +1.5k +1,519
98 Arkos Global Advisors 0.07% of their portfolio HOUSTON, TX 4,3594.4k $517.0k $517.0k 0.07% Reduced -30 -30
99 Walkner Condon Financial Advisors LLC 0.07% of their portfolio MADISON, WI 4,2284.2k $501.5k $501.5k 0.07% Reduced -1.0k -1,034
100 Sargent Investment Group, LLC 0.06% of their portfolio BETHESDA, MD 4,1654.2k $494.0k $494.0k 0.06% New