Vault-13

FIRST TR SML CP CORE ALPHA F FYX

COM SHS · ETP · CUSIP 33734Y109

173 institutional holders +17 vs Q3 2025
5,680,9205.7m shares reported held*
$643.8mreported value*
19 new 41 added 65 reduced 9 sold out net bought ≈ $7.4m (+64.9k 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 ($253.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $113.33.

Trends to Q4 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: 156Q4 25: 173173Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025173

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 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 25Q3 25: 60 bought or addedQ3 25: 78 cut or sold outQ4 25: 60 bought or addedQ4 25: 74 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20246760
Q2 20245375
Q3 20247162
Q4 20247561
Q1 20256172
Q2 20255784
Q3 20256078
Q4 20256074

Biggest buyers

Janney Montgomery Scott LLC Added +96,755+96.8k
ROYAL BANK OF CANADA Added +71,943+71.9k
MORGAN STANLEY Added +42,502+42.5k
FWG Holdings, LLC New +23,355+23.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +15,162+15.2k
G&S Capital LLC New +9,832+9.8k
Genesee Capital Advisors, LLC Added +7,992+8.0k
TWO SIGMA SECURITIES, LLC New +7,237+7.2k
Vise Technologies, Inc. New +4,954+5.0k
AXXCESS WEALTH MANAGEMENT, LLC New +4,678+4.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -49,029-49.0k
UBS Group AG Reduced -39,096-39.1k
Lakeridge Wealth Management LLC Reduced -26,907-26.9k
Sanctuary Advisors, LLC Reduced -18,677-18.7k
OSAIC HOLDINGS, INC. Reduced -17,869-17.9k
RAYMOND JAMES FINANCIAL INC Reduced -15,835-15.8k
BANK OF AMERICA CORP /DE/ Reduced -12,325-12.3k
WELLS FARGO & COMPANY/MN Reduced -11,979-12.0k
Cetera Investment Advisers Reduced -11,357-11.4k
FLOW TRADERS U.S. LLC Sold out -7,634-7.6k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 667,395667.4k $75.5m $75.5m 0.00% Added +42.5k +42,502
2 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 604,479604.5k $68.4m $68.4m 0.01% Added +71.9k +71,943
3 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 583,241583.2k $66.0m $66.0m 0.02% Reduced -2.9k -2,898
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 548,726548.7k $62.1m $62.1m 0.01% Reduced -12.0k -11,979
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 371,489371.5k $42.0m $42.0m 0.00% Reduced -12.3k -12,325
6 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 270,904270.9k $30.7m $30.7m 0.01% Reduced -15.8k -15,835
7 UBS Group AG 0.01% of their portfolio ZURICH, V8 252,075252.1k $28.5m $28.5m 0.01% Reduced -39.1k -39,096
8 Janney Montgomery Scott LLC 0.06% of their portfolio PHILADELPHIA, PA 238,963239.0k $27.0m $27.0m 0.06% Added +96.8k +96,755
9 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 131,196131.2k $14.8m $14.8m 0.02% Reduced -11.4k -11,357
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 103,303103.3k $11.7m $11.7m 0.01% Added +15.2k +15,162
11 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 85,31485.3k $9.7m $9.7m 0.03% Reduced -55 -55
12 Concurrent Investment Advisors, LLC 0.10% of their portfolio Tampa, FL 75,12575.1k $8.5m $8.5m 0.10% Added +1.4k +1,402
13 Crusonia Wealth Advisors LLC 1.83% of their portfolio DENVER, CO 73,42173.4k $8.3m $8.3m 1.83% First filing
14 Chicago Partners Investment Group LLC 0.21% of their portfolio CHICAGO, IL 71,34171.3k $8.6m $8.6m 0.21% Reduced -255 -255
15 Genesee Capital Advisors, LLC 3.11% of their portfolio AUBURN, NY 68,21568.2k $7.7m $7.7m 3.11% Added +8.0k +7,992
16 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 66,64166.6k $7.5m $7.5m 0.01% Added +37 +37
17 Wealth Alliance Advisory Group, LLC 1.21% of their portfolio Wichita, KS 62,30362.3k $7.0m $7.0m 1.21% Added +422 +422
18 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 55,92855.9k $6.3m $6.3m 0.03% Reduced -766 -766
19 Geneos Wealth Management Inc. 0.15% of their portfolio ENGLEWOOD, CO 53,08153.1k $6.0m $6.0m 0.15% Reduced -4.3k -4,265
20 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 47,42247.4k $5.4m $5.4m 0.03% Added +343 +343
21 Hapanowicz & Associates Financial Services, Inc 2.05% of their portfolio PITTSBURGH, PA 46,23146.2k $5.2m $5.2m 2.05% Reduced -981 -981
22 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 42,85942.9k $4.9m $4.9m 0.01% Reduced -17.9k -17,869
23 Mainsail Financial Group, LLC 1.89% of their portfolio BELLEVUE, WA 40,16940.2k $4.5m $4.5m 1.89% Added +795 +795
24 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 38,18838.2k $4.3m $4.3m 0.00% Reduced -6.0k -6,000
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 37,50937.5k $4.2m $4.2m 0.00% Reduced -49.0k -49,029
26 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 36,39136.4k $4.1m $4.1m 0.00% Reduced -901 -901
27 MTM Investment Management, LLC 1.29% of their portfolio SPARTANBURG, SC 35,64035.6k $4.0m $4.0m 1.29% Added +649 +649
28 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 34,84334.8k $3.9m $3.9m 0.01% Added +780 +780
29 Per Stirling Capital Management, LLC. 0.42% of their portfolio AUSTIN, TX 33,25533.3k $3.8m $3.8m 0.42% Added +398 +398
30 Troutman Wealth Management, LLC 3.02% of their portfolio MALVERN, PA 32,34032.3k $3.7m $3.7m 3.02% First filing
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 32,30232.3k $3.7m $3.7m 0.00% Reduced -1.2k -1,226
32 SILVER OAK SECURITIES, INCORPORATED 0.24% of their portfolio JACKSON, TN 31,01131.0k $3.5m $3.5m 0.24% Added +52 +52
33 Regal Investment Advisors LLC 0.21% of their portfolio KENTWOOD, MI 30,51630.5k $3.5m $3.5m 0.21% Reduced -79 -79
34 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 30,42430.4k $3.6m $3.6m 0.00% Reduced -797 -797
35 Western Wealth Management, LLC 0.14% of their portfolio GOLDEN, CO 27,44327.4k $3.1m $3.1m 0.14% Reduced -900 -900
36 CWM, LLC 0.01% of their portfolio OMAHA, NE 26,92326.9k $3.0m $3.0m 0.01% Reduced -1.3k -1,335
37 CITY HOLDING CO 0.36% of their portfolio CHARLESTON, WV 25,78325.8k $2.9m $2.9m 0.36% Added +2.6k +2,586
38 PARK NATIONAL CORP /OH/ 0.08% of their portfolio NEWARK, OH 23,37523.4k $2.6m $2.6m 0.08% Reduced -580 -580
39 FWG Holdings, LLC 0.57% of their portfolio WINTER PARK, FL 23,35523.4k $2.8m $2.8m 0.57% New
40 COMERICA BANK 0.01% of their portfolio DALLAS, TX 21,79021.8k $2.5m $2.5m 0.01% Reduced -1.3k -1,253
41 IFG Advisory, LLC 0.10% of their portfolio ATLANTA, GA 20,21120.2k $2.3m $2.3m 0.10% Reduced -224 -224
42 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 18,68318.7k $2.1m $2.1m 0.00% Added +1.3k +1,298
43 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 18,11718.1k $2.0m $2.0m 0.01% Reduced -18.7k -18,677
44 Milestones Private Investment Advisors LLC 1.33% of their portfolio FAIRPORT, NY 17,06817.1k $1.9m $1.9m 1.33% Added +2.3k +2,343
45 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 17,04917.0k $1.9m $1.9m 0.00% Reduced -923 -923
46 Lakeridge Wealth Management LLC 0.87% of their portfolio MENTOR, OH 16,97117.0k $1.9m $1.9m 0.87% Reduced -26.9k -26,907
47 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 15,24215.2k $1.7m $1.7m 0.01% Reduced -1.0k -1,033
48 B. Riley Wealth Advisors, Inc. 0.08% of their portfolio MEMPHIS, TN 14,95715.0k $1.7m $1.7m 0.08% Reduced -571 -571
49 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 14,62914.6k $1.7m $1.7m 0.01% Reduced -1.4k -1,440
50 Catalyst Investment Management LLC 1.57% of their portfolio WINDHAM, NH 14,62314.6k $1.7m $1.7m 1.57% First filing
51 Keystone Financial Group 0.12% of their portfolio LEXINGTON, KY 14,44614.4k $1.6m $1.6m 0.12% Reduced -443 -443
52 Three Seasons Wealth, LLC 0.15% of their portfolio SALT LAKE CITY, UT 14,07914.1k $1.6m $1.6m 0.15% Reduced -488 -488
53 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 13,23913.2k $1.5m $1.5m 0.02% Reduced -1.0k -1,028
54 Triumph Capital Management 0.32% of their portfolio DENVER, CO 13,00913.0k $1.5m $1.5m 0.32% Added +595 +595
55 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,06012.1k $1.4m $1.4m 0.00% Reduced -5.2k -5,222
56 Sun Financial Inc 0.75% of their portfolio MIDVALE, UT 11,90311.9k $1.3m $1.3m 0.75% First filing
57 ARS Wealth Advisors Group, LLC 0.12% of their portfolio St. Petersburg, FL 11,56811.6k $1.3m $1.3m 0.12% Reduced -895 -895
58 Cyndeo Wealth Partners, LLC 0.07% of their portfolio ST. PETERSBURG, FL 11,01111.0k $1.2m $1.2m 0.07% Added +8 +8
59 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 10,87310.9k $1.2m $1.2m 0.00% Reduced -954 -954
60 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 9,8919.9k $1.1m $1.1m 0.00% Added +3.7k +3,748
61 G&S Capital LLC 0.39% of their portfolio DENVER, CO 9,8329.8k $1.1m $1.1m 0.39% New
62 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 9,1469.1k $1.0m $1.0m 0.00% Added +4.6k +4,573
63 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 8,9338.9k $1.0m $1.0m 0.00% Added +3.0k +2,980
64 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 8,2168.2k $929.6k $929.6k 0.00% Added +3.5k +3,536
65 Maridea Wealth Management LLC 0.14% of their portfolio BROOKLYN, NY 7,9477.9k $899.2k $899.2k 0.14% Added +1.0k +1,037
66 TCFG WEALTH MANAGEMENT, LLC 0.32% of their portfolio LAGUNA NIGUEL, CA 7,2877.3k $824.5k $824.5k 0.32% Reduced -22 -22
67 TWO SIGMA SECURITIES, LLC 0.11% of their portfolio NEW YORK, NY 7,2377.2k $818.8k $818.8k 0.11% New
68 DAYMARK WEALTH PARTNERS, LLC 0.03% of their portfolio CINCINNATI, OH 7,1487.1k $808.8k $808.8k 0.03% Reduced -954 -954
69 Perennial Investment Advisors, LLC 0.06% of their portfolio Los Angeles, CA 7,0017.0k $792.3k $792.3k 0.06% Reduced -1.9k -1,871
70 POTENTIA WEALTH 0.29% of their portfolio SAN JOSE, CA 6,9837.0k $790.1k $790.1k 0.29% Reduced -582 -582
71 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,2536.3k $707.5k $707.5k 0.00% Added +2.6k +2,581
72 Root Financial Partners, LLC 0.04% of their portfolio ENCINITAS, CA 6,1256.1k $693.0k $693.0k 0.04% Reduced -1.0k -1,008
73 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,8695.9k $664.0k $664.0k 0.00% Unchanged
74 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 5,8505.8k $661.9k $661.9k 0.00% Added +25 +25
75 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 5,5005.5k $622.3k $622.3k 0.01% Unchanged
76 KPP Advisory Services LLC 0.09% of their portfolio Louisville, KY 5,4815.5k $620.1k $620.1k 0.09% Unchanged
77 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.03% of their portfolio CEDAR RAPIDS, IA 5,3705.4k $607.6k $607.6k 0.03% Reduced -390 -390
78 Hilton Head Capital Partners, LLC 0.35% of their portfolio HILTON HEAD ISLAND, SC 5,2385.2k $592.6k $592.6k 0.35% First filing
79 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 5,1715.2k $585.0k $585.0k 0.00% Reduced -1.2k -1,152
80 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 5,1075.1k $577.8k $577.8k 0.00% Added +217 +217
81 Vise Technologies, Inc. 0.01% of their portfolio NEW YORK, NY 4,9545.0k $560.5k $560.5k 0.01% New
82 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,8484.8k $548.4k $548.4k 0.00% Added +3.8k +3,817
83 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 4,6784.7k $529.3k $529.3k 0.01% New
84 Atlas Legacy Advisors, LLC 0.09% of their portfolio LOS ANGELES, CA 4,6784.7k $529.3k $529.3k 0.09% Unchanged
85 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 4,6134.6k $521.9k $521.9k 0.00% Added +2.1k +2,133
86 Morey & Quinn Wealth Partners, LLC 0.37% of their portfolio OMAHA, NE 4,5624.6k $516.2k $516.2k 0.37% Unchanged
87 DHJJ Financial Advisors, Ltd. 0.17% of their portfolio NAPERVILLE, IL 4,5584.6k $515.7k $515.7k 0.17% Reduced -246 -246
88 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 4,5034.5k $509.5k $509.5k 0.00% Reduced -879 -879
89 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,4244.4k $500.5k $500.5k 0.00% Unchanged
90 Trueblood Wealth Management, LLC 0.19% of their portfolio LIMA, OH 4,4104.4k $498.9k $498.9k 0.19% Added +12 +12
91 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 4,3924.4k $497.0k $497.0k 0.02% Reduced -48 -48
92 Independent Wealth Network Inc. 0.15% of their portfolio URBANDALE, IA 4,3804.4k $495.5k $495.5k 0.15% Reduced -164 -164
93 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 4,2864.3k $485.0k $485.0k 0.01% Reduced -1 -1
94 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 4,1294.1k $467.2k $467.2k 0.01% Reduced -929 -929
95 Krilogy Financial LLC 0.02% of their portfolio ST. LOUIS, MO 3,9403.9k $475.9k $475.9k 0.02% Unchanged
96 Coppell Advisory Solutions LLC 0.04% of their portfolio COPPELL, TX 3,6383.6k $415.6k $415.6k 0.04% Unchanged
97 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 3,5793.6k $404.9k $404.9k 0.01% Reduced -64 -64
98 HM PAYSON & CO 0.01% of their portfolio PORTLAND, ME 3,5403.5k $400.5k $400.5k 0.01% Unchanged
99 Element Wealth, LLC 0.16% of their portfolio RIDGELAND, MS 3,4823.5k $394.0k $394.0k 0.16% Reduced -18 -18
100 PRIVATE TRUST CO NA 0.03% of their portfolio CLEVELAND, OH 2,9953.0k $338.8k $338.8k 0.03% Reduced -60 -60