Vault-13

FIRST TR EXCHANGE TRADED FD FXL

TECH ALPHADEX · ETP · CUSIP 33734X176

289 institutional holders +46 vs Q1 2026
9,639,7869.6m shares reported held*
$2.1bnreported value*
62 new 56 added 83 reduced 16 sold out net bought ≈ $1.1bn (+4.9m 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 ($4.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $216.90. Options: 2 managers hold calls ($3.5m notional), 1 hold puts ($21.7k).

Trends to Q2 2026

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: 264Q1 26: 243Q2 26: 289289Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q1 2026243
Q2 2026289

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q1 26: 60 bought or addedQ1 26: 121 cut or sold outQ2 26: 118 bought or addedQ2 26: 99 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202472100
Q4 20247591
Q1 202551128
Q2 202575115
Q3 202570105
Q4 20257591
Q1 202660121
Q2 202611899

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 25 calls: $856.7kQ3 25 puts: $840.0kQ3 25P/C 0.98Q4 25 calls: $942.4kQ4 25 puts: $841.4kQ4 25P/C 0.89Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $3.5mQ2 26 puts: $21.7kQ2 26P/C 0.01
Numbers
QuarterCallsPutsP/C
Q3 2025$856.7k$840.0k0.98
Q4 2025$942.4k$841.4k0.89
Q1 2026$0$0—
Q2 2026$3.5m$21.7k0.01

Biggest buyers

FIRST TRUST ADVISORS LP New +3,725,523+3.7m
BNP PARIBAS FINANCIAL MARKETS New +350,000+350.0k
Nilsine Partners, LLC Added +95,982+96.0k
WELLS FARGO & COMPANY/MN Added +87,552+87.6k
&PARTNERS Added +78,458+78.5k
Advisory Services Network, LLC Added +76,888+76.9k
MORGAN STANLEY Added +68,961+69.0k
NewEdge Advisors, LLC Added +62,818+62.8k
Arax Advisory Partners Added +57,583+57.6k
Cambridge Investment Research Advisors, Inc. Added +52,092+52.1k

Biggest sellers

RAYMOND JAMES FINANCIAL INC Reduced -52,223-52.2k
Independent Advisor Alliance Sold out -27,249-27.2k
CX Institutional Reduced -21,609-21.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -13,970-14.0k
Genesee Capital Advisors, LLC Reduced -7,347-7.3k
Choice Wealth Advisors LLC Reduced -6,143-6.1k
MERCER GLOBAL ADVISORS INC /ADV Reduced -5,992-6.0k
GOLDMAN SACHS GROUP INC Sold out -5,158-5.2k
Farther Finance Advisors, LLC Reduced -4,540-4.5k
Dorsey Wright & Associates Sold out -4,457-4.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $3.1m14.4k shares
CITADEL ADVISORS LLC New $391.0k1.8k shares

Biggest puts

Belvedere Trading LLC New $21.7k100 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FIRST TRUST ADVISORS LP 0.48% of their portfolio Wheaton, IL 3,725,5233.7m $809.3m $809.3m 0.48% New
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 750,232750.2k $163.0m $163.0m 0.01% Added +69.0k +68,961
3 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 581,363581.4k $126.3m $126.3m 0.03% Added +18.0k +17,981
4 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 534,953535.0k $116.2m $116.2m 0.02% Added +87.6k +87,552
5 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 381,359381.4k $82.8m $82.8m 0.02% Reduced -52.2k -52,223
6 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 350,000350.0k $76.0m $76.0m 0.04% New
7 UBS Group AG 0.01% of their portfolio ZURICH, V8 191,572191.6k $41.6m $41.6m 0.01% Added +24.9k +24,899
8 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 124,399124.4k $27.0m $27.0m 0.03% Reduced -1.8k -1,823
9 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 111,813111.8k $24.3m $24.3m 0.00% Added +17.3k +17,255
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 110,937110.9k $24.1m $24.1m 0.00% Added +844 +844
11 Genesee Capital Advisors, LLC 7.38% of their portfolio AUBURN, NY 107,867107.9k $23.4m $23.4m 7.38% Reduced -7.3k -7,347
12 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 103,215103.2k $22.4m $22.4m 0.03% Added +3.3k +3,315
13 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 97,68697.7k $21.2m $21.2m 0.02% Added +52.1k +52,092
14 Nilsine Partners, LLC 1.47% of their portfolio GREENWOOD VILLAGE, CO 97,52197.5k $21.2m $21.2m 1.47% Added +96.0k +95,982
15 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 95,68595.7k $20.8m $20.8m 0.00% Added +2.5k +2,467
16 &PARTNERS 0.08% of their portfolio NASHVILLE, TN 94,63494.6k $20.5m $20.5m 0.08% Added +78.5k +78,458
17 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 90,97491.0k $19.8m $19.8m 0.02% Added +4.2k +4,237
18 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 89,36289.4k $19.4m $19.4m 0.06% Added +62.8k +62,818
19 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 80,82380.8k $17.6m $17.6m 0.02% Reduced -547 -547
20 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 80,44680.4k $17.5m $17.5m 0.03% Added +2.5k +2,541
21 Advisory Services Network, LLC 0.19% of their portfolio ATLANTA, GA 78,52678.5k $17.1m $17.1m 0.19% Added +76.9k +76,888
22 Vestmark Advisory Solutions, Inc. 0.16% of their portfolio Wakefield, MA 78,11378.1k $17.0m $17.0m 0.16% Unchanged
23 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 74,17574.2k $16.1m $16.1m 0.02% Added +18.9k +18,858
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 68,92768.9k $15.0m $15.0m 0.00% Added +10.9k +10,914
25 Arax Advisory Partners 0.10% of their portfolio NEW YORK, NY 67,44367.4k $14.7m $14.7m 0.10% Added +57.6k +57,583
26 MAI Capital Management 0.05% of their portfolio INDEPENDENCE, OH 65,27065.3k $14.2m $14.2m 0.05% Reduced -1.1k -1,150
27 RVW Wealth, LLC 0.91% of their portfolio LOS ANGELES, CA 63,86563.9k $13.9m $13.9m 0.91% Added +2.2k +2,234
28 Choice Wealth Advisors LLC 3.91% of their portfolio WATERVILLE, ME 51,23251.2k $11.1m $11.1m 3.91% Reduced -6.1k -6,143
29 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 47,70247.7k $10.4m $10.4m 0.01% Reduced -90 -90
30 D.A. DAVIDSON & CO. 0.05% of their portfolio GREAT FALLS, MT 39,06339.1k $8.5m $8.5m 0.05% Reduced -901 -901
31 Waverly Advisors, LLC 0.05% of their portfolio BIRMINGHAM, AL 35,92835.9k $7.8m $7.8m 0.05% Added +3.5k +3,518
32 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 33,41433.4k $7.3m $7.3m 0.00% New
33 IHT Wealth Management, LLC 0.15% of their portfolio Chicago, IL 31,33431.3k $6.8m $6.8m 0.15% Reduced -50 -50
34 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 31,30231.3k $6.8m $6.8m 0.01% Reduced -2.3k -2,284
35 Proactive Wealth Strategies LLC 1.08% of their portfolio MARIETTA, GA 31,02731.0k $6.7m $6.7m 1.08% Reduced -142 -142
36 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 30,99531.0k $6.7m $6.7m 0.01% Added +17.3k +17,346
37 Virtue Capital Management, LLC 0.88% of their portfolio BRENTWOOD, TN 30,45630.5k $6.6m $6.6m 0.88% New
38 KESTRA PRIVATE WEALTH SERVICES, LLC 0.07% of their portfolio AUSTIN, TX 29,47829.5k $6.4m $6.4m 0.07% Reduced -609 -609
39 IronBridge Private Wealth, LLC 1.94% of their portfolio Austin, TX 27,16927.2k $5.9m $5.9m 1.94% New
40 Chicago Partners Investment Group LLC 0.10% of their portfolio CHICAGO, IL 24,80224.8k $4.9m $4.9m 0.10% Reduced -490 -490
41 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 24,54324.5k $5.3m $5.3m 0.01% Added +17 +17
42 Triton Wealth Management, PLLC 1.51% of their portfolio SUN CITY, AZ 24,05524.1k $4.9m $4.9m 1.51% Reduced -3.7k -3,676
43 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 23,32123.3k $5.1m $5.1m 0.01% Reduced -1.9k -1,903
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 20,84920.8k $4.5m $4.5m 0.00% Reduced -14.0k -13,970
45 BENJAMIN EDWARDS INC 0.04% of their portfolio Clayton, MO 20,69920.7k $4.5m $4.5m 0.04% Added +11.2k +11,249
46 Schrum Private Wealth Management LLC 2.87% of their portfolio ST. AUGUSTINE, FL 20,52220.5k $2.8m $2.8m 2.87% Reduced -1.0k -1,014
47 WEDBUSH SECURITIES INC 0.11% of their portfolio PASADENA, CA 19,58719.6k $4.3m $4.3m 0.11% Added +15.1k +15,139
48 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 19,32219.3k $4.2m $4.2m 0.01% Reduced -1.8k -1,812
49 OPPENHEIMER & CO INC 0.04% of their portfolio NEW YORK, NY 18,54418.5k $4.0m $4.0m 0.04% Added +16.7k +16,726
50 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 18,51818.5k $4.0m $4.0m 0.00% Reduced -109 -109
51 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 18,28418.3k $3.8m $3.8m 0.00% Added +2.3k +2,334
52 STEPHENS INC /AR/ 0.04% of their portfolio LITTLE ROCK, AR 15,60615.6k $3.4m $3.4m 0.04% Reduced -399 -399
53 L & S Advisors Inc 0.33% of their portfolio Los Angeles, CA 14,88814.9k $3.2m $3.2m 0.33% Reduced -332 -332
54 MTM Investment Management, LLC 0.90% of their portfolio SPARTANBURG, SC 14,51214.5k $3.2m $3.2m 0.90% Unchanged
55 Socha Financial Group, LLC 1.27% of their portfolio CORNING, NY 14,41414.4k $3.1m $3.1m 1.27% Unchanged
56 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 12,72812.7k $2.8m $2.8m 0.02% Reduced -4.5k -4,540
57 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 11,45911.5k $2.5m $2.5m 0.01% Reduced -524 -524
58 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,43211.4k $2.5m $2.5m 0.00% Added +394 +394
59 TriaGen Wealth Management LLC 0.62% of their portfolio Calabasas, CA 11,42611.4k $2.5m $2.5m 0.62% New
60 Plotkin Financial Advisors, LLC 1.00% of their portfolio CHEVY CHASE, MD 11,11811.1k $2.4m $2.4m 1.00% Unchanged
61 NAVELLIER & ASSOCIATES INC 0.19% of their portfolio Reno, NV 11,11611.1k $2.4m $2.4m 0.19% New
62 Paragon Private Wealth Management, LLC 0.60% of their portfolio LEXINGTON, KY 10,64610.6k $2.3m $2.3m 0.60% Unchanged
63 Warner Group LLC 0.53% of their portfolio MADISON, CT 9,9509.9k $2.2m $2.2m 0.53% Added +4.9k +4,905
64 Novak & Powell Financial Services, Inc. 1.02% of their portfolio ST. PETERSBURG, FL 9,9229.9k $2.2m $2.2m 1.02% Reduced -150 -150
65 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 9,7149.7k $2.1m $2.1m 0.00% Added +2.0k +2,035
66 CoreCap Advisors, LLC 0.06% of their portfolio SOUTHFIELD, MI 9,5149.5k $2.1m $2.1m 0.06% Reduced -309 -309
67 FLOW TRADERS U.S. LLC 0.08% of their portfolio NEW YORK, NY 9,2399.2k $2.0m $2.0m 0.08% New
68 Retirement Planning Group, LLC 0.05% of their portfolio LEAWOOD, KS 8,7668.8k $1.9m $1.9m 0.05% Reduced -745 -745
69 Bawa N Mallick Trust 0.61% of their portfolio FOREST HILLS, NY 8,6978.7k $1.9m $1.9m 0.61% Unchanged
70 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 8,4108.4k $1.8m $1.8m 0.03% Unchanged
71 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 8,0368.0k $1.7m $1.7m 0.00% Added +635 +635
72 Three Seasons Wealth, LLC 0.15% of their portfolio SALT LAKE CITY, UT 7,8327.8k $1.7m $1.7m 0.15% Reduced -861 -861
73 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,8127.8k $1.7m $1.7m 0.00% Reduced -1.4k -1,370
74 Stratos Wealth Partners, LTD. 0.02% of their portfolio BEACHWOOD, OH 7,4397.4k $1.6m $1.6m 0.02% Added +370 +370
75 Arkadios Wealth Advisors 0.02% of their portfolio ATLANTA, GA 7,4377.4k $1.6m $1.6m 0.02% Reduced -128 -128
76 Stablepoint Partners, LLC 0.22% of their portfolio BRAINTREE, MA 7,3097.3k $1.6m $1.6m 0.22% Added +206 +206
77 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 7,1007.1k $1.5m $1.5m 0.00% New
78 Davis Investment Partners, LLC 0.46% of their portfolio CHARLOTTE, NC 6,9687.0k $1.5m $1.5m 0.46% New
79 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 6,9046.9k $1.5m $1.5m 0.00% Reduced -6.0k -5,992
80 Ashton Thomas Private Wealth, LLC 0.03% of their portfolio SCOTTSDALE, AZ 6,9006.9k $1.5m $1.5m 0.03% Added +5 +5
81 Clear Creek Financial Management, LLC 0.10% of their portfolio SILVERDALE, WA 6,8036.8k $1.5m $1.5m 0.10% Reduced -749 -749
82 Elser Financial Planning, Inc 0.06% of their portfolio INDIANAPOLIS, IN 6,7866.8k $1.5m $1.5m 0.06% Unchanged
83 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 6,4786.5k $1.4m $1.4m 0.01% Added +150 +150
84 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 6,4766.5k $1.4m $1.4m 0.02% Reduced -162 -162
85 Krilogy Financial LLC 0.04% of their portfolio ST. LOUIS, MO 6,3656.4k $1.4m $1.4m 0.04% Unchanged
86 TRUST CO OF OKLAHOMA 0.33% of their portfolio TULSA, OK 5,9736.0k $1.3m $1.3m 0.33% New
87 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 5,9516.0k $1.3m $1.3m 0.02% Reduced -94 -94
88 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 5,8215.8k $1.3m $1.3m 0.02% Reduced -213 -213
89 CREATIVE FINANCIAL DESIGNS INC /ADV 0.06% of their portfolio KOKOMO, IN 5,7655.8k $1.3m $1.3m 0.06% Added +5.3k +5,275
90 Transamerica Financial Advisors, LLC 0.10% of their portfolio CEDAR RAPIDS, IA 5,6395.6k $1.2m $1.2m 0.10% Added +5.6k +5,578
91 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 5,5525.6k $1.2m $1.2m 0.01% Added +981 +981
92 FMR LLC 0.00% of their portfolio BOSTON, MA 5,5515.6k $1.2m $1.2m 0.00% Added +475 +475
93 Kesler, Norman & Wride, LLC 0.19% of their portfolio OGDEN, UT 5,5155.5k $1.2m $1.2m 0.19% Unchanged
94 Mutual Advisors, LLC 0.02% of their portfolio OMAHA, NE 5,5055.5k $1.2m $1.2m 0.02% Added +600 +600
95 CX Institutional 0.03% of their portfolio AUBURN, IN 5,4105.4k $1.2m $1.2m 0.03% Reduced -21.6k -21,609
96 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,3755.4k $1.2m $1.2m 0.00% Reduced -17 -17
97 BETO FINANCIAL GROUP, LLC 0.51% of their portfolio BOISE, ID 4,9595.0k $977.8k $977.8k 0.51% Reduced -1.5k -1,519
98 Empower Advisory Group, LLC 0.00% of their portfolio Greenwood Village, CO 4,9044.9k $1.1m $1.1m 0.00% Added +2.9k +2,889
99 Morey & Quinn Wealth Partners, LLC 0.68% of their portfolio OMAHA, NE 4,9004.9k $1.1m $1.1m 0.68% Added +13 +13
100 Peak Planning Group, LLC 0.23% of their portfolio CENTENNIAL, CO 4,7414.7k $1.0m $1.0m 0.23% Unchanged