Vault-13

FIRST TR EXCHANGE TRADED FD FXL

TECH ALPHADEX · ETP · CUSIP 33734X176

264 institutional holders +12 vs Q3 2025
4,957,3985.0m shares reported held*
$834.5mreported value*
20 new 55 added 75 reduced 16 sold out net bought ≈ $9.3m (+54.2k 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 ($373.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $168.34. Options: 2 managers hold calls ($942.4k notional), 1 hold puts ($841.4k).

Trends to Q4 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: 252Q4 25: 264264Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025264

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 75 bought or addedQ1 24: 102 cut or sold outQ2 24: 71 bought or addedQ2 24: 94 cut or sold outQ2 24Q3 24: 72 bought or addedQ3 24: 100 cut or sold outQ4 24: 75 bought or addedQ4 24: 91 cut or sold outQ4 24Q1 25: 51 bought or addedQ1 25: 128 cut or sold outQ2 25: 75 bought or addedQ2 25: 115 cut or sold outQ2 25Q3 25: 70 bought or addedQ3 25: 105 cut or sold outQ4 25: 75 bought or addedQ4 25: 91 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202475102
Q2 20247194
Q3 202472100
Q4 20247591
Q1 202551128
Q2 202575115
Q3 202570105
Q4 20257591

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ1 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 0.98Q4 25 calls: $942.4kQ4 25 puts: $841.4kQ4 25P/C 0.89
Numbers
QuarterCallsPutsP/C
Q1 2025$0$661.2k—
Q2 2025$802.5k$786.8k0.98
Q3 2025$856.7k$840.0k0.98
Q4 2025$942.4k$841.4k0.89

Biggest buyers

Virtue Capital Management, LLC Added +42,515+42.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +31,812+31.8k
Waverly Advisors, LLC Added +29,309+29.3k
LPL Financial LLC Added +21,861+21.9k
GTS SECURITIES LLC Added +21,751+21.8k
RAYMOND JAMES FINANCIAL INC Added +13,683+13.7k
Genesee Capital Advisors, LLC Added +12,999+13.0k
Mariner, LLC Added +11,472+11.5k
Arax Advisory Partners New +9,758+9.8k
Baird Financial Group, Inc. Added +6,494+6.5k

Biggest sellers

JANE STREET GROUP, LLC Sold out -38,836-38.8k
OSAIC HOLDINGS, INC. Reduced -30,043-30.0k
MORGAN STANLEY Reduced -19,755-19.8k
CITADEL ADVISORS LLC Sold out -19,677-19.7k
Brueske Advisory Services, LLC Sold out -14,500-14.5k
BANK OF AMERICA CORP /DE/ Reduced -7,689-7.7k
MAI Capital Management Reduced -6,701-6.7k
Cetera Investment Advisers Reduced -5,679-5.7k
Strategic Blueprint, LLC Sold out -5,492-5.5k
WMG Financial Advisors, LLC Sold out -5,102-5.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Unchanged $858.2k5.1k shares
Belvedere Trading LLC New $84.1k500 shares

Biggest puts

JANE STREET GROUP, LLC Unchanged $841.4k5.0k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 687,175687.2k $115.6m $115.6m 0.01% Reduced -19.8k -19,755
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 576,568576.6k $97.0m $97.0m 0.03% Added +21.9k +21,861
3 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 504,292504.3k $84.9m $84.9m 0.02% Reduced -4.5k -4,545
4 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 399,323399.3k $67.2m $67.2m 0.02% Added +13.7k +13,683
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 144,319144.3k $24.3m $24.3m 0.00% Added +4.0k +3,978
6 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 129,777129.8k $21.8m $21.8m 0.03% Reduced -372 -372
7 Genesee Capital Advisors, LLC 7.88% of their portfolio AUBURN, NY 116,333116.3k $19.6m $19.6m 7.88% Added +13.0k +12,999
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 115,997116.0k $19.5m $19.5m 0.00% Reduced -7.7k -7,689
9 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 101,118101.1k $17.0m $17.0m 0.02% Reduced -1.8k -1,814
10 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 91,91091.9k $15.5m $15.5m 0.00% Added +4.0k +4,030
11 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 88,76388.8k $14.9m $14.9m 0.01% Added +1.5k +1,498
12 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 88,73388.7k $14.9m $14.9m 0.00% Added +1.3k +1,327
13 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 84,87784.9k $14.3m $14.3m 0.02% Reduced -5.7k -5,679
14 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 80,64280.6k $13.6m $13.6m 0.03% Reduced -2.1k -2,138
15 Vestmark Advisory Solutions, Inc. 0.18% of their portfolio Wakefield, MA 79,96780.0k $13.5m $13.5m 0.18% Reduced -1.8k -1,806
16 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 68,42068.4k $11.5m $11.5m 0.02% Reduced -30.0k -30,043
17 MAI Capital Management 0.07% of their portfolio INDEPENDENCE, OH 67,76967.8k $11.4m $11.4m 0.07% Reduced -6.7k -6,701
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 65,85165.9k $11.1m $11.1m 0.00% Reduced -4.6k -4,629
19 RVW Wealth, LLC 0.84% of their portfolio LOS ANGELES, CA 65,56765.6k $11.0m $11.0m 0.84% Reduced -2.6k -2,615
20 Choice Wealth Advisors LLC 3.72% of their portfolio WATERVILLE, ME 55,91155.9k $9.4m $9.4m 3.72% Reduced -481 -481
21 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 49,01049.0k $8.2m $8.2m 0.01% Reduced -29 -29
22 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 44,97745.0k $7.6m $7.6m 0.01% Added +31.8k +31,812
23 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 44,43944.4k $7.5m $7.5m 0.02% Added +1.1k +1,067
24 GTS SECURITIES LLC 0.25% of their portfolio NEW YORK, NY 44,36144.4k $7.5m $7.5m 0.25% Added +21.8k +21,751
25 Virtue Capital Management, LLC 1.13% of their portfolio BRENTWOOD, TN 43,51743.5k $7.4m $7.4m 1.13% Added +42.5k +42,515
26 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 41,83241.8k $7.0m $7.0m 0.04% Reduced -252 -252
27 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 34,04934.0k $5.7m $5.7m 0.01% Added +82 +82
28 Waverly Advisors, LLC 0.04% of their portfolio BIRMINGHAM, AL 32,53532.5k $5.5m $5.5m 0.04% Added +29.3k +29,309
29 IHT Wealth Management, LLC 0.13% of their portfolio Chicago, IL 31,48431.5k $5.3m $5.3m 0.13% Reduced -205 -205
30 KESTRA PRIVATE WEALTH SERVICES, LLC 0.07% of their portfolio AUSTIN, TX 31,12231.1k $5.2m $5.2m 0.07% Reduced -331 -331
31 IronBridge Private Wealth, LLC 1.61% of their portfolio Austin, TX 30,22630.2k $5.1m $5.1m 1.61% Unchanged
32 Triton Wealth Management, PLLC 1.85% of their portfolio SUN CITY, AZ 30,01830.0k $4.9m $4.9m 1.85% Reduced -1.7k -1,704
33 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 28,00428.0k $4.7m $4.7m 0.02% Added +3.2k +3,177
34 Chicago Partners Investment Group LLC 0.11% of their portfolio CHICAGO, IL 25,90425.9k $4.5m $4.5m 0.11% Reduced -1.2k -1,152
35 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 24,40024.4k $4.1m $4.1m 0.00% Added +3.0k +2,958
36 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 23,07123.1k $3.9m $3.9m 0.01% Reduced -1.4k -1,388
37 Schrum Private Wealth Management LLC 2.79% of their portfolio ST. AUGUSTINE, FL 22,42422.4k $3.8m $3.8m 2.79% Unchanged
38 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 19,78919.8k $3.3m $3.3m 0.01% Added +276 +276
39 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 19,26719.3k $3.2m $3.2m 0.02% Added +1.2k +1,249
40 Mariner, LLC 0.00% of their portfolio Overland Park, KS 17,10617.1k $2.9m $2.9m 0.00% Added +11.5k +11,472
41 Proactive Wealth Strategies LLC 1.08% of their portfolio MARIETTA, GA 16,19716.2k $2.7m $2.7m 1.08% Reduced -20 -20
42 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 15,95516.0k $2.7m $2.7m 0.03% Unchanged
43 L & S Advisors Inc 0.24% of their portfolio Los Angeles, CA 15,41815.4k $2.6m $2.6m 0.24% Added +2 +2
44 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 14,99315.0k $2.5m $2.5m 0.00% Added +2.8k +2,818
45 Socha Financial Group, LLC 1.21% of their portfolio CORNING, NY 14,77914.8k $2.5m $2.5m 1.21% Reduced -781 -781
46 MTM Investment Management, LLC 0.79% of their portfolio SPARTANBURG, SC 14,61214.6k $2.5m $2.5m 0.79% Unchanged
47 BETO FINANCIAL GROUP, LLC 1.68% of their portfolio BOISE, ID 14,51614.5k $2.5m $2.5m 1.68% First filing
48 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 14,32914.3k $2.4m $2.4m 0.00% Added +6.5k +6,494
49 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 13,13613.1k $2.2m $2.2m 0.02% Added +148 +148
50 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 12,14612.1k $2.0m $2.0m 0.01% Added +338 +338
51 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,53811.5k $1.9m $1.9m 0.00% Reduced -186 -186
52 Plotkin Financial Advisors, LLC 0.91% of their portfolio CHEVY CHASE, MD 11,11811.1k $1.9m $1.9m 0.91% Unchanged
53 Paragon Private Wealth Management, LLC 0.56% of their portfolio LEXINGTON, KY 10,90610.9k $1.8m $1.8m 0.56% Reduced -97 -97
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 CoreCap Advisors, LLC 0.06% of their portfolio SOUTHFIELD, MI 10,00310.0k $1.7m $1.7m 0.06% Reduced -3.4k -3,413
56 Arax Advisory Partners 0.05% of their portfolio NEW YORK, NY 9,7589.8k $1.6m $1.6m 0.05% New
57 BENJAMIN EDWARDS INC 0.02% of their portfolio Clayton, MO 9,4889.5k $1.6m $1.6m 0.02% Reduced -174 -174
58 Retirement Planning Group, LLC 0.05% of their portfolio LEAWOOD, KS 9,4499.4k $1.6m $1.6m 0.05% Added +239 +239
59 Forty-three Eighteen Advisors, LLC 1.20% of their portfolio BENTONVILLE, AR 9,2069.2k $1.5m $1.5m 1.20% First filing
60 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 9,0939.1k $1.5m $1.5m 0.00% Added +337 +337
61 Arkadios Wealth Advisors 0.03% of their portfolio ATLANTA, GA 8,9689.0k $1.5m $1.5m 0.03% Reduced -101 -101
62 Three Seasons Wealth, LLC 0.14% of their portfolio SALT LAKE CITY, UT 8,7228.7k $1.5m $1.5m 0.14% Reduced -554 -554
63 Bawa N Mallick Trust 0.54% of their portfolio FOREST HILLS, NY 8,6978.7k $1.5m $1.5m 0.54% Unchanged
64 CWM, LLC 0.00% of their portfolio OMAHA, NE 8,6798.7k $1.5m $1.5m 0.00% Added +1.6k +1,563
65 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 8,6558.7k $1.5m $1.5m 0.03% Reduced -22 -22
66 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 8,2528.3k $1.4m $1.4m 0.00% Added +204 +204
67 Clear Creek Financial Management, LLC 0.10% of their portfolio SILVERDALE, WA 7,4487.4k $1.3m $1.3m 0.10% Reduced -93 -93
68 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 7,3827.4k $1.2m $1.2m 0.01% Added +245 +245
69 Ashton Thomas Private Wealth, LLC 0.03% of their portfolio SCOTTSDALE, AZ 7,1927.2k $1.2m $1.2m 0.03% Added +60 +60
70 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 6,7386.7k $1.1m $1.1m 0.02% Reduced -93 -93
71 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 6,5056.5k $1.1m $1.1m 0.02% Reduced -200 -200
72 Krilogy Financial LLC 0.04% of their portfolio ST. LOUIS, MO 6,4916.5k $1.1m $1.1m 0.04% Unchanged
73 Stablepoint Partners, LLC 0.17% of their portfolio BRAINTREE, MA 6,3566.4k $1.1m $1.1m 0.17% Added +180 +180
74 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 6,2486.2k $1.1m $1.1m 0.01% Unchanged
75 Kesler, Norman & Wride, LLC 0.17% of their portfolio OGDEN, UT 5,8565.9k $985.4k $985.4k 0.17% Reduced -414 -414
76 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 5,7255.7k $963.4k $963.4k 0.00% Reduced -2.0k -2,005
77 CX Institutional 0.03% of their portfolio AUBURN, IN 5,6345.6k $948.0k $948.0k 0.03% Reduced -2.0k -1,993
78 TruWealth Advisors, LLC 0.04% of their portfolio Metairie, LA 5,4625.5k $919.2k $919.2k 0.04% Reduced -100 -100
79 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,3715.4k $903.9k $903.9k 0.00% Unchanged
80 FMR LLC 0.00% of their portfolio BOSTON, MA 5,3595.4k $901.8k $901.8k 0.00% Added +188 +188
81 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 5,3565.4k $901.3k $901.3k 0.01% Added +1.5k +1,483
82 BIP Wealth, LLC 0.03% of their portfolio ATLANTA, GA 5,0565.1k $850.8k $850.8k 0.03% New
83 Warner Group LLC 0.52% of their portfolio MADISON, CT 5,0455.0k $849.0k $849.0k 0.52% Unchanged
84 Focus Financial Network, Inc. 0.03% of their portfolio MINNEAPOLIS, MN 5,0165.0k $844.1k $844.1k 0.03% Reduced -145 -145
85 PGIM Custom Harvest LLC 0.01% of their portfolio NEWARK, NJ 4,9915.0k $839.9k $839.9k 0.01% Unchanged
86 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 4,9805.0k $838.1k $838.1k 0.02% Reduced -314 -314
87 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 4,9154.9k $827.0k $827.0k 0.02% Reduced -375 -375
88 Mutual Advisors, LLC 0.02% of their portfolio OMAHA, NE 4,9154.9k $827.1k $827.1k 0.02% Unchanged
89 Morey & Quinn Wealth Partners, LLC 0.59% of their portfolio OMAHA, NE 4,8884.9k $822.6k $822.6k 0.59% Unchanged
90 Peak Planning Group, LLC 0.23% of their portfolio CENTENNIAL, CO 4,7994.8k $807.7k $807.7k 0.23% New
91 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 4,7154.7k $793.4k $793.4k 0.00% Reduced -86 -86
92 Sound Income Strategies, LLC 0.04% of their portfolio FT LAUDERDALE, FL 4,6454.6k $811.2k $811.2k 0.04% New
93 TCFG WEALTH MANAGEMENT, LLC 0.29% of their portfolio LAGUNA NIGUEL, CA 4,4424.4k $747.5k $747.5k 0.29% Unchanged
94 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio ORLANDO, FL 4,3914.4k $738.8k $738.8k 0.05% Reduced -66 -66
95 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 4,1884.2k $704.8k $704.8k 0.02% Reduced -265 -265
96 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 4,1754.2k $702.6k $702.6k 0.00% Reduced -30 -30
97 Coppell Advisory Solutions LLC 0.07% of their portfolio COPPELL, TX 4,0404.0k $688.8k $688.8k 0.07% Added +24 +24
98 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 3,9844.0k $697.7k $697.7k 0.00% Added +218 +218
99 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 3,8023.8k $639.8k $639.8k 0.01% Added +15 +15
100 Worthington Financial Partners, LLC 0.57% of their portfolio WORTHINGTON, OH 3,8013.8k $639.6k $639.6k 0.57% First filing