Vault-13

FIRST TR SML CP CORE ALPHA F FYX

COM SHS · ETP · CUSIP 33734Y109

156 institutional holders -4 vs Q2 2025
5,477,5895.5m shares reported held*
$596.8mreported value*
13 new 47 added 65 reduced 13 sold out net sold ≈ $70.8m (-650.1k 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 ($277.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $108.95.

Trends to Q3 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: 160Q3 25: 156156Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025156

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 59 bought or addedQ4 23: 68 cut or sold outQ1 24: 67 bought or addedQ1 24: 60 cut or sold outQ1 24Q2 24: 53 bought or addedQ2 24: 75 cut or sold outQ3 24: 71 bought or addedQ3 24: 62 cut or sold outQ3 24Q4 24: 75 bought or addedQ4 24: 61 cut or sold outQ1 25: 61 bought or addedQ1 25: 72 cut or sold outQ1 25Q2 25: 57 bought or addedQ2 25: 84 cut or sold outQ3 25: 60 bought or addedQ3 25: 78 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20235968
Q1 20246760
Q2 20245375
Q3 20247162
Q4 20247561
Q1 20256172
Q2 20255784
Q3 20256078

Biggest buyers

UBS Group AG Added +76,615+76.6k
JPMORGAN CHASE & CO Added +43,984+44.0k
Sanctuary Advisors, LLC Added +18,460+18.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +17,282+17.3k
Cetera Investment Advisers Added +9,153+9.2k
Rockefeller Capital Management L.P. New +5,953+6.0k
Integrated Wealth Concepts LLC Added +4,666+4.7k
Corient Private Wealth LP New +4,573+4.6k
Krilogy Financial LLC New +3,940+3.9k
Triumph Capital Management Added +3,888+3.9k

Biggest sellers

ROYAL BANK OF CANADA Reduced -401,072-401.1k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -80,695-80.7k
RAYMOND JAMES FINANCIAL INC Reduced -74,893-74.9k
Baird Financial Group, Inc. Reduced -60,638-60.6k
LPL Financial LLC Reduced -37,118-37.1k
BANK OF AMERICA CORP /DE/ Reduced -25,074-25.1k
Virtu Financial LLC Sold out -23,187-23.2k
JANE STREET GROUP, LLC Sold out -22,778-22.8k
WELLS FARGO & COMPANY/MN Reduced -15,948-15.9k
FLOW TRADERS U.S. LLC Reduced -15,046-15.0k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 624,893624.9k $68.1m $68.1m 0.00% Reduced -9.0k -9,049
2 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 586,139586.1k $63.9m $63.9m 0.02% Reduced -37.1k -37,118
3 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 560,705560.7k $61.1m $61.1m 0.01% Reduced -15.9k -15,948
4 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 532,536532.5k $58.0m $58.0m 0.01% Reduced -401.1k -401,072
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 383,814383.8k $41.8m $41.8m 0.00% Reduced -25.1k -25,074
6 UBS Group AG 0.01% of their portfolio ZURICH, V8 291,171291.2k $31.7m $31.7m 0.01% Added +76.6k +76,615
7 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 286,739286.7k $31.2m $31.2m 0.01% Reduced -74.9k -74,893
8 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 142,553142.6k $15.5m $15.5m 0.02% Added +9.2k +9,153
9 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 142,208142.2k $15.5m $15.5m 0.04% Added +580 +580
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 88,14188.1k $9.6m $9.6m 0.01% Reduced -80.7k -80,695
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 86,53886.5k $9.4m $9.4m 0.00% Added +44.0k +43,984
12 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 85,36985.4k $9.3m $9.3m 0.03% Reduced -2.0k -2,021
13 Concurrent Investment Advisors, LLC 0.14% of their portfolio Tampa, FL 73,72373.7k $8.0m $8.0m 0.14% Added +3.7k +3,666
14 Chicago Partners Investment Group LLC 0.21% of their portfolio CHICAGO, IL 71,59671.6k $8.0m $8.0m 0.21% Added +2.0k +1,981
15 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 66,60466.6k $7.3m $7.3m 0.01% Reduced -333 -333
16 Wealth Alliance Advisory Group, LLC 1.22% of their portfolio Wichita, KS 61,88161.9k $6.7m $6.7m 1.22% Reduced -346 -346
17 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 60,72860.7k $6.6m $6.6m 0.01% Reduced -1.6k -1,633
18 Genesee Capital Advisors, LLC 2.85% of their portfolio AUBURN, NY 60,22360.2k $6.6m $6.6m 2.85% Added +140 +140
19 Geneos Wealth Management Inc. 0.16% of their portfolio ENGLEWOOD, CO 57,34657.3k $6.2m $6.2m 0.16% Reduced -9.3k -9,347
20 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 56,69456.7k $6.2m $6.2m 0.03% Reduced -5.2k -5,250
21 Hapanowicz & Associates Financial Services, Inc 2.38% of their portfolio PITTSBURGH, PA 47,21247.2k $5.1m $5.1m 2.38% Reduced -261 -261
22 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 47,07947.1k $5.1m $5.1m 0.03% Added +1.7k +1,664
23 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 44,18844.2k $4.8m $4.8m 0.00% Added +1.5k +1,453
24 Lakeridge Wealth Management LLC 2.13% of their portfolio MENTOR, OH 43,87843.9k $4.8m $4.8m 2.13% Reduced -8.3k -8,343
25 Mainsail Financial Group, LLC 1.85% of their portfolio BELLEVUE, WA 39,37439.4k $4.3m $4.3m 1.85% Added +819 +819
26 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 37,29237.3k $4.1m $4.1m 0.00% Added +73 +73
27 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 36,79436.8k $3.7m $3.7m 0.01% Added +18.5k +18,460
28 MTM Investment Management, LLC 1.21% of their portfolio SPARTANBURG, SC 34,99135.0k $3.8m $3.8m 1.21% Reduced -232 -232
29 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 34,06334.1k $3.7m $3.7m 0.01% Reduced -60.6k -60,638
30 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 33,52833.5k $3.7m $3.7m 0.00% Reduced -7.1k -7,054
31 Per Stirling Capital Management, LLC. 0.43% of their portfolio AUSTIN, TX 32,85732.9k $3.6m $3.6m 0.43% Reduced -414 -414
32 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 31,22131.2k $3.4m $3.4m 0.01% Reduced -472 -472
33 SILVER OAK SECURITIES, INCORPORATED 0.25% of their portfolio JACKSON, TN 30,95931.0k $3.4m $3.4m 0.25% Added +520 +520
34 Regal Investment Advisors LLC 0.22% of their portfolio KENTWOOD, MI 30,59530.6k $3.3m $3.3m 0.22% Reduced -326 -326
35 Western Wealth Management, LLC 0.16% of their portfolio GOLDEN, CO 28,34328.3k $3.1m $3.1m 0.16% Added +591 +591
36 CWM, LLC 0.01% of their portfolio OMAHA, NE 28,25828.3k $3.1m $3.1m 0.01% Added +59 +59
37 PARK NATIONAL CORP /OH/ 0.08% of their portfolio NEWARK, OH 23,95524.0k $2.6m $2.6m 0.08% Reduced -3.1k -3,089
38 CITY HOLDING CO 0.32% of their portfolio CHARLESTON, WV 23,19723.2k $2.5m $2.5m 0.32% Added +2.0k +1,974
39 COMERICA BANK 0.01% of their portfolio DALLAS, TX 23,04323.0k $2.5m $2.5m 0.01% Reduced -1.8k -1,833
40 IFG Advisory, LLC 0.10% of their portfolio ATLANTA, GA 20,43520.4k $2.2m $2.2m 0.10% Reduced -1.1k -1,117
41 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 17,97218.0k $2.0m $2.0m 0.01% Added +2.3k +2,346
42 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 17,38517.4k $1.9m $1.9m 0.00% Added +2.0k +1,962
43 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 17,28217.3k $1.9m $1.9m 0.00% New
44 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 16,27516.3k $1.8m $1.8m 0.01% Reduced -51 -51
45 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 16,06916.1k $1.8m $1.8m 0.01% Added +903 +903
46 B. Riley Wealth Advisors, Inc. 0.08% of their portfolio MEMPHIS, TN 15,52815.5k $1.7m $1.7m 0.08% Added +1.9k +1,881
47 Keystone Financial Group 0.12% of their portfolio LEXINGTON, KY 14,88914.9k $1.6m $1.6m 0.12% Added +1.4k +1,428
48 Milestones Private Investment Advisors LLC 1.10% of their portfolio FAIRPORT, NY 14,72514.7k $1.6m $1.6m 1.10% Added +73 +73
49 Three Seasons Wealth, LLC 0.16% of their portfolio SALT LAKE CITY, UT 14,56714.6k $1.6m $1.6m 0.16% Reduced -71 -71
50 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 14,26714.3k $1.6m $1.6m 0.01% Added +4.7k +4,666
51 ARS Wealth Advisors Group, LLC 0.13% of their portfolio St. Petersburg, FL 12,46312.5k $1.4m $1.4m 0.13% Reduced -13 -13
52 Triumph Capital Management 0.36% of their portfolio DENVER, CO 12,41412.4k $1.4m $1.4m 0.36% Added +3.9k +3,888
53 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 11,82711.8k $1.3m $1.3m 0.00% Reduced -750 -750
54 Cyndeo Wealth Partners, LLC 0.07% of their portfolio ST. PETERSBURG, FL 11,00311.0k $1.2m $1.2m 0.07% Reduced -1.8k -1,766
55 Perennial Investment Advisors, LLC 0.08% of their portfolio Los Angeles, CA 8,8728.9k $967.0k $967.0k 0.08% Reduced -3.0k -2,992
56 DAYMARK WEALTH PARTNERS, LLC 0.03% of their portfolio CINCINNATI, OH 8,1028.1k $883.0k $883.0k 0.03% Added +379 +379
57 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 7,6347.6k $832.0k $832.0k 0.03% Reduced -15.0k -15,046
58 POTENTIA WEALTH 0.31% of their portfolio SAN JOSE, CA 7,5657.6k $824.4k $824.4k 0.31% Reduced -779 -779
59 GPS Wealth Strategies Group, LLC 0.08% of their portfolio CENTENNIAL, CO 7,3477.3k $800.7k $800.7k 0.08% Added +1.2k +1,213
60 TCFG WEALTH MANAGEMENT, LLC 0.31% of their portfolio LAGUNA NIGUEL, CA 7,3097.3k $796.5k $796.5k 0.31% Reduced -141 -141
61 Root Financial Partners, LLC 0.05% of their portfolio ENCINITAS, CA 7,1337.1k $777.4k $777.4k 0.05% Added +513 +513
62 Maridea Wealth Management LLC 0.12% of their portfolio BROOKLYN, NY 6,9106.9k $765.8k $765.8k 0.12% Added +701 +701
63 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 6,3236.3k $689.0k $689.0k 0.00% Added +2 +2
64 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 6,1436.1k $669.5k $669.5k 0.00% Reduced -10.4k -10,409
65 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 5,9536.0k $648.8k $648.8k 0.00% New
66 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,8695.9k $639.6k $639.6k 0.00% Reduced -20 -20
67 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 5,8255.8k $634.9k $634.9k 0.00% Added +179 +179
68 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.04% of their portfolio CEDAR RAPIDS, IA 5,7605.8k $627.7k $627.7k 0.04% Unchanged
69 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 5,5005.5k $599.4k $599.4k 0.01% Unchanged
70 KPP Advisory Services LLC 0.09% of their portfolio Louisville, KY 5,4815.5k $597.3k $597.3k 0.09% Reduced -140 -140
71 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,3825.4k $586.5k $586.5k 0.00% Added +935 +935
72 Keystone Wealth Services, LLC 0.13% of their portfolio PALM DESERT, CA 5,2585.3k $573.0k $573.0k 0.13% Unchanged
73 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 5,0585.1k $551.2k $551.2k 0.01% Unchanged
74 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 4,8904.9k $532.9k $532.9k 0.00% Added +195 +195
75 DHJJ Financial Advisors, Ltd. 0.18% of their portfolio NAPERVILLE, IL 4,8044.8k $523.6k $523.6k 0.18% Reduced -10 -10
76 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,6804.7k $510.0k $510.0k 0.00% Unchanged
77 Atlas Legacy Advisors, LLC 0.10% of their portfolio LOS ANGELES, CA 4,6784.7k $509.8k $509.8k 0.10% Reduced -4 -4
78 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 4,5734.6k $498.4k $498.4k 0.00% New
79 Morey & Quinn Wealth Partners, LLC 0.37% of their portfolio OMAHA, NE 4,5624.6k $497.2k $497.2k 0.37% Reduced -231 -231
80 Independent Wealth Network Inc. 0.16% of their portfolio URBANDALE, IA 4,5444.5k $495.2k $495.2k 0.16% Reduced -106 -106
81 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 4,4404.4k $483.9k $483.9k 0.02% Added +295 +295
82 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,4244.4k $482.1k $482.1k 0.00% Reduced -14.1k -14,137
83 Trueblood Wealth Management, LLC 0.19% of their portfolio LIMA, OH 4,3984.4k $479.3k $479.3k 0.19% Added +8 +8
84 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 4,2874.3k $467.2k $467.2k 0.01% Reduced -61 -61
85 Krilogy Financial LLC 0.02% of their portfolio ST. LOUIS, MO 3,9403.9k $433.1k $433.1k 0.02% New
86 Mariner, LLC 0.00% of their portfolio Overland Park, KS 3,6723.7k $400.2k $400.2k 0.00% Added +154 +154
87 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 3,6433.6k $397.0k $397.0k 0.01% Added +5 +5
88 Coppell Advisory Solutions LLC 0.04% of their portfolio COPPELL, TX 3,6383.6k $395.9k $395.9k 0.04% Unchanged
89 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 3,6063.6k $393.0k $393.0k 0.01% Reduced -203 -203
90 HM PAYSON & CO 0.01% of their portfolio PORTLAND, ME 3,5403.5k $385.8k $385.8k 0.01% Unchanged
91 Element Wealth, LLC 0.17% of their portfolio RIDGELAND, MS 3,5003.5k $381.4k $381.4k 0.17% Reduced -28 -28
92 SYNOVUS FINANCIAL CORP 0.00% of their portfolio Columbus, GA 3,0883.1k $337.4k $337.4k 0.00% Reduced -465 -465
93 PRIVATE TRUST CO NA 0.03% of their portfolio CLEVELAND, OH 3,0553.1k $332.9k $332.9k 0.03% Reduced -25 -25
94 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 2,8842.9k $314.0k $314.0k 0.01% Added +1 +1
95 QTR Family Wealth, LLC 0.15% of their portfolio LAKE MARY, FL 2,8792.9k $313.8k $313.8k 0.15% Reduced -133 -133
96 PARTNERS WEALTH MANAGEMENT, LLC 0.31% of their portfolio CARMEL BY THE SEA, CA 2,8742.9k $313.2k $313.2k 0.31% Unchanged
97 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 2,7532.8k $300.0k $300.0k 0.01% Reduced -14 -14
98 WEALTH EFFECTS LLC 0.09% of their portfolio BOSTON, MA 2,7102.7k $295.3k $295.3k 0.09% Added +1 +1
99 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 2,6542.7k $289.2k $289.2k 0.00% Added +17 +17
100 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 2,6452.6k $288.3k $288.3k 0.00% Reduced -50 -50