Vault-13

FIRST TR EXCHANGE TRADED FD FXL

TECH ALPHADEX · ETP · CUSIP 33734X176

252 institutional holders -2 vs Q2 2025
4,893,9594.9m shares reported held*
$821.9mreported value*
22 new 48 added 87 reduced 18 sold out net sold ≈ $47.2m (-280.0k 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 ≈ $167.94. Options: 1 managers hold calls ($856.7k notional), 1 hold puts ($840.0k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 187Q4 22: 196Q1 23: 199Q2 23: 204Q3 23: 208Q4 23: 224Q1 24: 228Q2 24: 237Q3 24: 236Q4 24: 261Q1 25: 234Q2 25: 254Q3 25: 252252Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022187
Q4 2022196
Q1 2023199
Q2 2023204
Q3 2023208
Q4 2023224
Q1 2024228
Q2 2024237
Q3 2024236
Q4 2024261
Q1 2025234
Q2 2025254
Q3 2025252

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 83 bought or addedQ4 23: 83 cut or sold outQ1 24: 75 bought or addedQ1 24: 102 cut or sold outQ1 24Q2 24: 71 bought or addedQ2 24: 94 cut or sold outQ3 24: 72 bought or addedQ3 24: 100 cut or sold outQ3 24Q4 24: 75 bought or addedQ4 24: 91 cut or sold outQ1 25: 51 bought or addedQ1 25: 128 cut or sold outQ1 25Q2 25: 75 bought or addedQ2 25: 115 cut or sold outQ3 25: 70 bought or addedQ3 25: 105 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20238383
Q1 202475102
Q2 20247194
Q3 202472100
Q4 20247591
Q1 202551128
Q2 202575115
Q3 202570105

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ4 24 calls: $742.8kQ4 24 puts: $6.0mQ4 24P/C 8.02Q1 25 calls: $0Q1 25 puts: $661.2kQ1 25P/C —Q2 25 calls: $802.5kQ2 25 puts: $786.8kQ2 25P/C 0.98Q3 25 calls: $856.7kQ3 25 puts: $840.0kQ3 25P/C 0.98
Numbers
QuarterCallsPutsP/C
Q4 2024$742.8k$6.0m8.02
Q1 2025$0$661.2k—
Q2 2025$802.5k$786.8k0.98
Q3 2025$856.7k$840.0k0.98

Biggest buyers

IronBridge Private Wealth, LLC New +30,226+30.2k
JANE STREET GROUP, LLC Added +26,273+26.3k
GTS SECURITIES LLC New +22,610+22.6k
Cetera Investment Advisers Added +20,041+20.0k
LPL Financial LLC Added +16,317+16.3k
&PARTNERS Added +12,661+12.7k
STIFEL FINANCIAL CORP Added +6,634+6.6k
CX Institutional Added +6,498+6.5k
Krilogy Financial LLC New +6,491+6.5k
RPg Family Wealth Advisory, LLC New +4,407+4.4k

Biggest sellers

Vestmark Advisory Solutions, Inc. Reduced -87,067-87.1k
ROYAL BANK OF CANADA Reduced -55,094-55.1k
OSAIC HOLDINGS, INC. Reduced -51,953-52.0k
RAYMOND JAMES FINANCIAL INC Reduced -40,298-40.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -32,467-32.5k
Strategic Blueprint, LLC Reduced -31,162-31.2k
Rockefeller Capital Management L.P. Reduced -25,071-25.1k
WELLS FARGO & COMPANY/MN Reduced -18,684-18.7k
Wealth Watch Advisors, INC Reduced -15,635-15.6k
MORGAN STANLEY Reduced -13,824-13.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $856.7k5.1k shares

Biggest puts

JANE STREET GROUP, LLC New $840.0k5.0k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FIRST TRUST PORTFOLIOS LP 13G · institution -1.1 pts · filed 2026-10-19 28.2% -1.1 pts 3.6m≈ $781.4m 2026-10-19

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 706,930706.9k $118.8m $118.8m 0.01% Reduced -13.8k -13,824
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 554,707554.7k $93.2m $93.2m 0.03% Added +16.3k +16,317
3 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 508,837508.8k $85.5m $85.5m 0.02% Reduced -18.7k -18,684
4 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 385,640385.6k $64.8m $64.8m 0.02% Reduced -40.3k -40,298
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 140,341140.3k $23.6m $23.6m 0.00% Reduced -4.0k -4,047
6 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 130,149130.1k $21.9m $21.9m 0.03% Reduced -5.5k -5,498
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 123,686123.7k $20.8m $20.8m 0.00% Reduced -2.9k -2,944
8 Genesee Capital Advisors, LLC 7.54% of their portfolio AUBURN, NY 103,334103.3k $17.4m $17.4m 7.54% Reduced -5.0k -4,994
9 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 102,932102.9k $17.3m $17.3m 0.02% Reduced -2.8k -2,808
10 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 98,46398.5k $15.9m $15.9m 0.02% Reduced -52.0k -51,953
11 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 90,55690.6k $15.2m $15.2m 0.02% Added +20.0k +20,041
12 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 87,88087.9k $14.8m $14.8m 0.00% Reduced -1.2k -1,170
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 87,40687.4k $14.7m $14.7m 0.00% Reduced -10.5k -10,492
14 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 87,26587.3k $14.7m $14.7m 0.01% Added +6.6k +6,634
15 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 82,78082.8k $13.9m $13.9m 0.03% Reduced -4.5k -4,500
16 Vestmark Advisory Solutions, Inc. 0.26% of their portfolio Wakefield, MA 81,77381.8k $13.7m $13.7m 0.26% Reduced -87.1k -87,067
17 MAI Capital Management 0.08% of their portfolio INDEPENDENCE, OH 74,47074.5k $12.5m $12.5m 0.08% Reduced -1.7k -1,680
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 70,48070.5k $11.8m $11.8m 0.00% Reduced -55.1k -55,094
19 RVW Wealth, LLC 0.89% of their portfolio LOS ANGELES, CA 68,18268.2k $11.5m $11.5m 0.89% Reduced -339 -339
20 Choice Wealth Advisors LLC 4.06% of their portfolio WATERVILLE, ME 56,39256.4k $9.5m $9.5m 4.06% Reduced -720 -720
21 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 49,03949.0k $8.2m $8.2m 0.01% Reduced -1.5k -1,524
22 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 43,37243.4k $7.3m $7.3m 0.02% Added +674 +674
23 D.A. DAVIDSON & CO. 0.05% of their portfolio GREAT FALLS, MT 42,08442.1k $7.1m $7.1m 0.05% Reduced -630 -630
24 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 38,83638.8k $6.5m $6.5m 0.01% Added +26.3k +26,273
25 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 33,96734.0k $5.7m $5.7m 0.01% Reduced -448 -448
26 Triton Wealth Management, PLLC 2.13% of their portfolio SUN CITY, AZ 31,72231.7k $5.6m $5.6m 2.13% Reduced -1.0k -1,028
27 IHT Wealth Management, LLC 0.14% of their portfolio Chicago, IL 31,68931.7k $5.4m $5.4m 0.14% Reduced -651 -651
28 KESTRA PRIVATE WEALTH SERVICES, LLC 0.07% of their portfolio AUSTIN, TX 31,45331.5k $5.3m $5.3m 0.07% Added +797 +797
29 IronBridge Private Wealth, LLC 1.60% of their portfolio Austin, TX 30,22630.2k $5.1m $5.1m 1.60% New
30 BRASS TAX WEALTH MANAGEMENT, INC 0.83% of their portfolio CINCINNATI, OH 29,61029.6k $5.0m $5.0m 0.83% Reduced -93 -93
31 Chicago Partners Investment Group LLC 0.12% of their portfolio CHICAGO, IL 27,05627.1k $4.7m $4.7m 0.12% Reduced -470 -470
32 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 24,82724.8k $4.2m $4.2m 0.02% Reduced -385 -385
33 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 24,45924.5k $4.1m $4.1m 0.01% Reduced -25.1k -25,071
34 GTS SECURITIES LLC 0.15% of their portfolio NEW YORK, NY 22,61022.6k $3.8m $3.8m 0.15% New
35 Schrum Private Wealth Management LLC 2.76% of their portfolio ST. AUGUSTINE, FL 22,42422.4k $3.8m $3.8m 2.76% Unchanged
36 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 21,44221.4k $3.6m $3.6m 0.00% Added +812 +812
37 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 19,67719.7k $3.3m $3.3m 0.00% Reduced -100 -100
38 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 19,51319.5k $3.3m $3.3m 0.02% Reduced -315 -315
39 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 18,01818.0k $3.0m $3.0m 0.02% Added +12.7k +12,661
40 Proactive Wealth Strategies LLC 1.17% of their portfolio MARIETTA, GA 16,21716.2k $2.7m $2.7m 1.17% Reduced -25 -25
41 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 15,95516.0k $2.7m $2.7m 0.03% Reduced -306 -306
42 Socha Financial Group, LLC 1.10% of their portfolio CORNING, NY 15,56015.6k $2.6m $2.6m 1.10% Reduced -832 -832
43 L & S Advisors Inc 0.25% of their portfolio Los Angeles, CA 15,41615.4k $2.6m $2.6m 0.25% Added +531 +531
44 MTM Investment Management, LLC 0.78% of their portfolio SPARTANBURG, SC 14,61214.6k $2.5m $2.5m 0.78% Reduced -304 -304
45 Brueske Advisory Services, LLC 1.33% of their portfolio Bellevue, WA 14,50014.5k $2.4m $2.4m 1.33% Reduced -153 -153
46 CoreCap Advisors, LLC 0.08% of their portfolio SOUTHFIELD, MI 13,41613.4k $2.3m $2.3m 0.08% Reduced -821 -821
47 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,16513.2k $2.2m $2.2m 0.00% Reduced -32.5k -32,467
48 Farther Finance Advisors, LLC 0.03% of their portfolio SAN FRANCISCO, CA 12,98813.0k $2.2m $2.2m 0.03% Unchanged
49 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 12,17512.2k $2.0m $2.0m 0.00% Added +2.2k +2,189
50 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 11,80811.8k $2.0m $2.0m 0.01% Added +175 +175
51 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,72411.7k $2.0m $2.0m 0.00% Added +14 +14
52 Plotkin Financial Advisors, LLC 0.92% of their portfolio CHEVY CHASE, MD 11,11811.1k $1.9m $1.9m 0.92% Unchanged
53 Paragon Private Wealth Management, LLC 0.61% of their portfolio LEXINGTON, KY 11,00311.0k $1.8m $1.8m 0.61% Unchanged
54 Novak & Powell Financial Services, Inc. 0.89% of their portfolio ST. PETERSBURG, FL 10,09210.1k $1.7m $1.7m 0.89% Unchanged
55 BENJAMIN EDWARDS INC 0.02% of their portfolio Clayton, MO 9,6629.7k $1.6m $1.6m 0.02% Added +710 +710
56 Three Seasons Wealth, LLC 0.15% of their portfolio SALT LAKE CITY, UT 9,2769.3k $1.6m $1.6m 0.15% Reduced -2 -2
57 Retirement Planning Group, LLC 0.05% of their portfolio LEAWOOD, KS 9,2109.2k $1.5m $1.5m 0.05% Added +1.7k +1,653
58 Arkadios Wealth Advisors 0.04% of their portfolio ATLANTA, GA 9,0699.1k $1.5m $1.5m 0.04% Reduced -868 -868
59 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 8,7568.8k $1.5m $1.5m 0.00% Reduced -7.8k -7,754
60 Bawa N Mallick Trust 0.55% of their portfolio FOREST HILLS, NY 8,6978.7k $1.5m $1.5m 0.55% Unchanged
61 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 8,6778.7k $1.5m $1.5m 0.04% Reduced -20 -20
62 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 8,2308.2k $1.2m $1.2m 0.00% Added +4.2k +4,229
63 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 8,0488.0k $1.4m $1.4m 0.00% Reduced -132 -132
64 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 7,8357.8k $1.3m $1.3m 0.00% Added +31 +31
65 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 7,7307.7k $1.3m $1.3m 0.00% Reduced -10.5k -10,504
66 CX Institutional 0.04% of their portfolio AUBURN, IN 7,6277.6k $1.3m $1.3m 0.04% Added +6.5k +6,498
67 Clear Creek Financial Management, LLC 0.11% of their portfolio SILVERDALE, WA 7,5417.5k $1.3m $1.3m 0.11% Reduced -83 -83
68 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 7,1377.1k $1.2m $1.2m 0.01% Added +583 +583
69 Ashton Thomas Private Wealth, LLC 0.03% of their portfolio SCOTTSDALE, AZ 7,1327.1k $1.2m $1.2m 0.03% Unchanged
70 CWM, LLC 0.00% of their portfolio OMAHA, NE 7,1167.1k $1.2m $1.2m 0.00% Reduced -22 -22
71 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 6,8316.8k $1.1m $1.1m 0.02% Added +5 +5
72 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 6,7056.7k $1.1m $1.1m 0.02% Added +444 +444
73 Krilogy Financial LLC 0.04% of their portfolio ST. LOUIS, MO 6,4916.5k $1.1m $1.1m 0.04% New
74 Kesler, Norman & Wride, LLC 0.18% of their portfolio OGDEN, UT 6,2706.3k $931.4k $931.4k 0.18% Added +248 +248
75 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 6,2486.2k $1.0m $1.0m 0.01% Added +152 +152
76 Stablepoint Partners, LLC 0.16% of their portfolio BRAINTREE, MA 6,1766.2k $1.0m $1.0m 0.16% Added +388 +388
77 Mariner, LLC 0.00% of their portfolio Overland Park, KS 5,6345.6k $946.5k $946.5k 0.00% Added +1.2k +1,231
78 TruWealth Advisors, LLC 0.05% of their portfolio Metairie, LA 5,5625.6k $934.4k $934.4k 0.05% Unchanged
79 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,5005.5k $924.1k $924.1k 0.00% Added +2.8k +2,846
80 Strategic Blueprint, LLC 0.04% of their portfolio ATLANTA, GA 5,4925.5k $922.6k $922.6k 0.04% Reduced -31.2k -31,162
81 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,3715.4k $902.3k $902.3k 0.00% Added +9 +9
82 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 5,2945.3k $889.4k $889.4k 0.02% Reduced -1.7k -1,692
83 WEDBUSH SECURITIES INC 0.03% of their portfolio PASADENA, CA 5,2905.3k $889.0k $889.0k 0.03% Added +15 +15
84 FMR LLC 0.00% of their portfolio BOSTON, MA 5,1715.2k $868.7k $868.7k 0.00% Added +281 +281
85 Focus Financial Network, Inc. 0.03% of their portfolio MINNEAPOLIS, MN 5,1615.2k $867.0k $867.0k 0.03% Reduced -1.8k -1,818
86 WMG Financial Advisors, LLC 0.29% of their portfolio Knoxville, TN 5,1025.1k $857.1k $857.1k 0.29% Reduced -3 -3
87 Warner Group LLC 0.58% of their portfolio MADISON, CT 5,0455.0k $847.5k $847.5k 0.58% First filing
88 PGIM Custom Harvest LLC 0.01% of their portfolio NEWARK, NJ 4,9915.0k $838.4k $838.4k 0.01% Reduced -7 -7
89 Mutual Advisors, LLC 0.02% of their portfolio OMAHA, NE 4,9154.9k $843.5k $843.5k 0.02% Reduced -516 -516
90 Morey & Quinn Wealth Partners, LLC 0.61% of their portfolio OMAHA, NE 4,8884.9k $821.1k $821.1k 0.61% Unchanged
91 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 4,8014.8k $806.5k $806.5k 0.00% Unchanged
92 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio ORLANDO, FL 4,4574.5k $698.5k $698.5k 0.06% Unchanged
93 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 4,4534.5k $748.1k $748.1k 0.02% Added +74 +74
94 TCFG WEALTH MANAGEMENT, LLC 0.29% of their portfolio LAGUNA NIGUEL, CA 4,4424.4k $746.2k $746.2k 0.29% Unchanged
95 RPg Family Wealth Advisory, LLC 0.16% of their portfolio BURLINGTON, MA 4,4074.4k $740.3k $740.3k 0.16% New
96 COMERICA BANK 0.00% of their portfolio DALLAS, TX 4,3794.4k $735.6k $735.6k 0.00% Reduced -687 -687
97 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 4,2054.2k $706.4k $706.4k 0.01% Added +425 +425
98 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 4,1694.2k $700.0k $700.0k 0.00% New
99 Coppell Advisory Solutions LLC 0.07% of their portfolio COPPELL, TX 4,0164.0k $677.0k $677.0k 0.07% Reduced -4.5k -4,530
100 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 3,8733.9k $650.6k $650.6k 0.01% Reduced -284 -284