Vault-13

FIRST TR SML CP CORE ALPHA F FYX

COM SHS · ETP · CUSIP 33734Y109

160 institutional holders +0 vs Q1 2025
6,137,7786.1m shares reported held*
$597.6mreported value*
15 new 42 added 66 reduced 18 sold out net sold ≈ $8.6m (-87.8k 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 ($218.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $97.36. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 122Q4 22: 127Q1 23: 126Q2 23: 125Q3 23: 134Q4 23: 146Q1 24: 145Q2 24: 141Q3 24: 156Q4 24: 168Q1 25: 160Q2 25: 160160Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022122
Q4 2022127
Q1 2023126
Q2 2023125
Q3 2023134
Q4 2023146
Q1 2024145
Q2 2024141
Q3 2024156
Q4 2024168
Q1 2025160
Q2 2025160

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 59 bought or addedQ3 23: 58 cut or sold outQ4 23: 59 bought or addedQ4 23: 68 cut or sold outQ4 23Q1 24: 67 bought or addedQ1 24: 60 cut or sold outQ2 24: 53 bought or addedQ2 24: 75 cut or sold outQ2 24Q3 24: 71 bought or addedQ3 24: 62 cut or sold outQ4 24: 75 bought or addedQ4 24: 61 cut or sold outQ4 24Q1 25: 61 bought or addedQ1 25: 72 cut or sold outQ2 25: 57 bought or addedQ2 25: 84 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235958
Q4 20235968
Q1 20246760
Q2 20245375
Q3 20247162
Q4 20247561
Q1 20256172
Q2 20255784

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ3 24 calls: $228.9kQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$228.9k$00.00
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$0$0—

Biggest buyers

ROYAL BANK OF CANADA Added +556,291+556.3k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +109,171+109.2k
Concurrent Investment Advisors, LLC New +70,057+70.1k
Lakeridge Wealth Management LLC Added +40,837+40.8k
LPL Financial LLC Added +20,362+20.4k
FLOW TRADERS U.S. LLC Added +18,609+18.6k
UBS Group AG Added +11,606+11.6k
Baird Financial Group, Inc. Added +10,468+10.5k
&PARTNERS Added +9,500+9.5k
Maridea Wealth Management LLC New +6,209+6.2k

Biggest sellers

MORGAN STANLEY Reduced -134,149-134.1k
Janney Montgomery Scott LLC Reduced -109,307-109.3k
Main Line Retirement Advisors, LLC Reduced -109,139-109.1k
JPMORGAN CHASE & CO Reduced -91,989-92.0k
RAYMOND JAMES FINANCIAL INC Reduced -81,159-81.2k
Cambridge Investment Research Advisors, Inc. Reduced -54,811-54.8k
Vestmark Advisory Solutions, Inc. Sold out -53,674-53.7k
WELLS FARGO & COMPANY/MN Reduced -53,273-53.3k
BANK OF AMERICA CORP /DE/ Reduced -35,878-35.9k
CITADEL ADVISORS LLC Reduced -32,319-32.3k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 933,608933.6k $90.8m $90.8m 0.01% Added +556.3k +556,291
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 633,942633.9k $61.7m $61.7m 0.00% Reduced -134.1k -134,149
3 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 623,257623.3k $60.6m $60.6m 0.02% Added +20.4k +20,362
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 576,653576.7k $56.1m $56.1m 0.01% Reduced -53.3k -53,273
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 408,888408.9k $39.8m $39.8m 0.00% Reduced -35.9k -35,878
6 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 361,632361.6k $35.2m $35.2m 0.01% Reduced -81.2k -81,159
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 214,556214.6k $20.9m $20.9m 0.00% Added +11.6k +11,606
8 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 168,836168.8k $16.4m $16.4m 0.01% Added +109.2k +109,171
9 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 141,628141.6k $13.8m $13.8m 0.04% Reduced -109.3k -109,307
10 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 133,400133.4k $13.0m $13.0m 0.02% Reduced -6.4k -6,404
11 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 94,70194.7k $9.2m $9.2m 0.02% Added +10.5k +10,468
12 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 87,39087.4k $8.5m $8.5m 0.03% Reduced -54.8k -54,811
13 Concurrent Investment Advisors, LLC 0.13% of their portfolio Tampa, FL 70,05770.1k $6.8m $6.8m 0.13% New
14 Chicago Partners Investment Group LLC 0.21% of their portfolio CHICAGO, IL 69,61569.6k $7.1m $7.1m 0.21% Reduced -622 -622
15 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 66,93766.9k $6.5m $6.5m 0.01% Reduced -21.7k -21,745
16 Geneos Wealth Management Inc. 0.16% of their portfolio ENGLEWOOD, CO 66,69366.7k $6.5m $6.5m 0.16% Added +4.7k +4,695
17 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 62,36162.4k $6.1m $6.1m 0.01% Added +6.1k +6,056
18 Wealth Alliance Advisory Group, LLC 1.15% of their portfolio Wichita, KS 62,22762.2k $6.1m $6.1m 1.15% Added +2.4k +2,392
19 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 61,94461.9k $6.0m $6.0m 0.03% Reduced -1.4k -1,383
20 Genesee Capital Advisors, LLC 2.62% of their portfolio AUBURN, NY 60,08360.1k $5.8m $5.8m 2.62% Added +1.5k +1,455
21 Lakeridge Wealth Management LLC 2.34% of their portfolio MENTOR, OH 52,22152.2k $5.1m $5.1m 2.34% Added +40.8k +40,837
22 Hapanowicz & Associates Financial Services, Inc 2.33% of their portfolio PITTSBURGH, PA 47,47347.5k $4.6m $4.6m 2.33% Reduced -22.8k -22,819
23 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 45,41545.4k $4.4m $4.4m 0.03% Added +16 +16
24 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 42,73542.7k $4.2m $4.2m 0.00% Reduced -5.4k -5,449
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 42,55442.6k $4.1m $4.1m 0.00% Reduced -92.0k -91,989
26 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 40,58240.6k $3.9m $3.9m 0.00% Reduced -4.2k -4,182
27 Mainsail Financial Group, LLC 1.76% of their portfolio BELLEVUE, WA 38,55538.6k $3.8m $3.8m 1.76% Added +950 +950
28 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 37,21937.2k $3.6m $3.6m 0.00% Reduced -506 -506
29 MTM Investment Management, LLC 1.15% of their portfolio SPARTANBURG, SC 35,22335.2k $3.4m $3.4m 1.15% Added +1.2k +1,229
30 Per Stirling Capital Management, LLC. 0.42% of their portfolio AUSTIN, TX 33,27133.3k $3.2m $3.2m 0.42% Added +4.2k +4,202
31 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 31,69331.7k $3.2m $3.2m 0.01% Added +1.2k +1,226
32 Regal Investment Advisors LLC 0.23% of their portfolio KENTWOOD, MI 30,92130.9k $3.0m $3.0m 0.23% Reduced -860 -860
33 SILVER OAK SECURITIES, INCORPORATED 0.25% of their portfolio JACKSON, TN 30,43930.4k $3.0m $3.0m 0.25% Added +500 +500
34 CWM, LLC 0.01% of their portfolio OMAHA, NE 28,19928.2k $2.7m $2.7m 0.01% Reduced -28.0k -28,010
35 Western Wealth Management, LLC 0.16% of their portfolio GOLDEN, CO 27,75227.8k $2.7m $2.7m 0.16% Added +714 +714
36 PARK NATIONAL CORP /OH/ 0.09% of their portfolio NEWARK, OH 27,04427.0k $2.6m $2.6m 0.09% Reduced -9.4k -9,423
37 COMERICA BANK 0.01% of their portfolio DALLAS, TX 24,87624.9k $2.4m $2.4m 0.01% Reduced -17 -17
38 Virtu Financial LLC 0.12% of their portfolio New York, NY 23,18723.2k $2.3m $2.3m 0.12% Added +804 +804
39 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 22,77822.8k $2.2m $2.2m 0.00% Reduced -9.8k -9,782
40 FLOW TRADERS U.S. LLC 0.08% of their portfolio NEW YORK, NY 22,68022.7k $2.2m $2.2m 0.08% Added +18.6k +18,609
41 IFG Advisory, LLC 0.11% of their portfolio ATLANTA, GA 21,55221.6k $2.1m $2.1m 0.11% Reduced -21.4k -21,443
42 CITY HOLDING CO 0.27% of their portfolio CHARLESTON, WV 21,22321.2k $2.1m $2.1m 0.27% Added +2.8k +2,765
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 18,56118.6k $1.8m $1.8m 0.00% Reduced -2.1k -2,080
44 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 18,33418.3k $1.8m $1.8m 0.01% Reduced -126 -126
45 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 16,55216.6k $1.6m $1.6m 0.00% Reduced -32.3k -32,319
46 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 16,32616.3k $1.6m $1.6m 0.01% Added +715 +715
47 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 15,62615.6k $1.5m $1.5m 0.00% Reduced -4.7k -4,665
48 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 15,42315.4k $1.5m $1.5m 0.00% Added +984 +984
49 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 15,16615.2k $1.5m $1.5m 0.01% Added +9.5k +9,500
50 Milestones Private Investment Advisors LLC 1.06% of their portfolio FAIRPORT, NY 14,65214.7k $1.4m $1.4m 1.06% First filing
51 Three Seasons Wealth, LLC 0.16% of their portfolio SALT LAKE CITY, UT 14,63814.6k $1.4m $1.4m 0.16% Reduced -613 -613
52 B. Riley Wealth Advisors, Inc. 0.06% of their portfolio MEMPHIS, TN 13,64713.6k $1.3m $1.3m 0.06% Reduced -203 -203
53 Keystone Financial Group 0.12% of their portfolio LEXINGTON, KY 13,46113.5k $1.3m $1.3m 0.12% Reduced -524 -524
54 Cyndeo Wealth Partners, LLC 0.07% of their portfolio ST. PETERSBURG, FL 12,76912.8k $1.2m $1.2m 0.07% Reduced -92 -92
55 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 12,57712.6k $1.2m $1.2m 0.00% Reduced -292 -292
56 ARS Wealth Advisors Group, LLC 0.14% of their portfolio St. Petersburg, FL 12,47612.5k $1.2m $1.2m 0.14% Added +1 +1
57 Perennial Investment Advisors, LLC 0.11% of their portfolio Los Angeles, CA 11,86411.9k $1.2m $1.2m 0.11% Reduced -6.3k -6,335
58 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 9,6019.6k $934.0k $934.0k 0.01% Added +33 +33
59 Triumph Capital Management 0.25% of their portfolio DENVER, CO 8,5268.5k $829.4k $829.4k 0.25% Added +2.1k +2,096
60 POTENTIA WEALTH 0.46% of their portfolio SAN JOSE, CA 8,3448.3k $811.7k $811.7k 0.46% Reduced -2.0k -1,991
61 DAYMARK WEALTH PARTNERS, LLC 0.03% of their portfolio CINCINNATI, OH 7,7237.7k $751.3k $751.3k 0.03% Reduced -303 -303
62 TCFG WEALTH MANAGEMENT, LLC 0.33% of their portfolio LAGUNA NIGUEL, CA 7,4507.5k $724.7k $724.7k 0.33% Reduced -309 -309
63 Root Financial Partners, LLC 0.06% of their portfolio ENCINITAS, CA 6,6206.6k $644.0k $644.0k 0.06% Reduced -769 -769
64 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 6,4266.4k $625.1k $625.1k 0.01% Added +416 +416
65 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 6,3216.3k $615.0k $615.0k 0.00% Added +157 +157
66 Maridea Wealth Management LLC 0.16% of their portfolio BROOKLYN, NY 6,2096.2k $604.0k $604.0k 0.16% New
67 GPS Wealth Strategies Group, LLC 0.07% of their portfolio CENTENNIAL, CO 6,1346.1k $596.7k $596.7k 0.07% Added +541 +541
68 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,8895.9k $572.9k $572.9k 0.00% Unchanged
69 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.04% of their portfolio CEDAR RAPIDS, IA 5,7605.8k $560.3k $560.3k 0.04% Reduced -326 -326
70 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 5,6465.6k $549.2k $549.2k 0.00% Reduced -268 -268
71 KPP Advisory Services LLC 0.09% of their portfolio Louisville, KY 5,6215.6k $546.8k $546.8k 0.09% Unchanged
72 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 5,5165.5k $536.6k $536.6k 0.01% Reduced -11.5k -11,476
73 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 5,5005.5k $535.0k $535.0k 0.01% Unchanged
74 Keystone Wealth Services, LLC 0.12% of their portfolio PALM DESERT, CA 5,2585.3k $511.5k $511.5k 0.12% Reduced -776 -776
75 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 5,0585.1k $492.0k $492.0k 0.01% Unchanged
76 DHJJ Financial Advisors, Ltd. 0.17% of their portfolio NAPERVILLE, IL 4,8144.8k $468.3k $468.3k 0.17% Unchanged
77 Morey & Quinn Wealth Partners, LLC 0.37% of their portfolio OMAHA, NE 4,7934.8k $466.3k $466.3k 0.37% Unchanged
78 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 4,6954.7k $456.7k $456.7k 0.00% Reduced -685 -685
79 Atlas Legacy Advisors, LLC 0.10% of their portfolio LOS ANGELES, CA 4,6824.7k $455.5k $455.5k 0.10% Added +2.3k +2,280
80 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,6804.7k $455.3k $455.3k 0.00% Reduced -239 -239
81 Independent Wealth Network Inc. 0.16% of their portfolio URBANDALE, IA 4,6504.7k $452.4k $452.4k 0.16% Added +71 +71
82 Main Line Retirement Advisors, LLC 0.25% of their portfolio WHITEFISH, MT 4,5514.6k $442.7k $442.7k 0.25% Reduced -109.1k -109,139
83 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 4,4474.4k $432.6k $432.6k 0.00% Reduced -537 -537
84 Northeast Financial Consultants Inc 0.02% of their portfolio WESTPORT, CT 4,4004.4k $428.0k $428.0k 0.02% Unchanged
85 Trueblood Wealth Management, LLC 0.18% of their portfolio LIMA, OH 4,3904.4k $427.1k $427.1k 0.18% Added +2 +2
86 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 4,3484.3k $423.0k $423.0k 0.01% Reduced -1 -1
87 Solano Wealth Investment Advisors LLC 0.22% of their portfolio Fairfield, CA 4,3374.3k $421.9k $421.9k 0.22% Unchanged
88 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 4,1454.1k $403.2k $403.2k 0.02% Reduced -48 -48
89 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,8673.9k $376.2k $376.2k 0.00% New
90 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 3,8093.8k $370.5k $370.5k 0.01% Reduced -222 -222
91 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 3,6383.6k $353.9k $353.9k 0.01% Added +258 +258
92 Coppell Advisory Solutions LLC 0.03% of their portfolio COPPELL, TX 3,6383.6k $352.4k $352.4k 0.03% Reduced -8 -8
93 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 3,6003.6k $350.2k $350.2k 0.00% Reduced -5.3k -5,300
94 SYNOVUS FINANCIAL CORP 0.00% of their portfolio Columbus, GA 3,5533.6k $346.2k $346.2k 0.00% Reduced -330 -330
95 HM PAYSON & CO 0.01% of their portfolio PORTLAND, ME 3,5403.5k $344.4k $344.4k 0.01% Unchanged
96 Element Wealth, LLC 0.16% of their portfolio RIDGELAND, MS 3,5283.5k $343.2k $343.2k 0.16% Unchanged
97 Mariner, LLC 0.00% of their portfolio Overland Park, KS 3,5183.5k $342.2k $342.2k 0.00% Unchanged
98 PRIVATE TRUST CO NA 0.03% of their portfolio CLEVELAND, OH 3,0803.1k $299.6k $299.6k 0.03% Added +107 +107
99 QTR Family Wealth, LLC 0.18% of their portfolio LAKE MARY, FL 3,0123.0k $293.0k $293.0k 0.18% Added +133 +133
100 TFG Advisers LLC 0.10% of their portfolio Auburn Hills, MI 3,0023.0k $292.0k $292.0k 0.10% Reduced -459 -459