Vault-13

FIRST TR LRG CP VL ALPHADEX FTA

COM SHS · ETP · CUSIP 33735J101

219 institutional holders +12 vs Q4 2025
9,730,9289.7m shares reported held*
$898.7mreported value*
22 new 78 added 74 reduced 9 sold out net bought ≈ $33.3m (+360.3k 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 ($1.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $92.36. Options: 2 managers hold calls ($1.4m notional), 0 hold puts (—).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 156Q4 22: 181Q1 23: 183Q2 23: 186Q3 23: 185Q4 23: 198Q1 24: 204Q2 24: 202Q3 24: 206Q4 24: 220Q1 25: 200Q2 25: 208Q3 25: 203Q4 25: 207Q1 26: 219219Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022156
Q4 2022181
Q1 2023183
Q2 2023186
Q3 2023185
Q4 2023198
Q1 2024204
Q2 2024202
Q3 2024206
Q4 2024220
Q1 2025200
Q2 2025208
Q3 2025203
Q4 2025207
Q1 2026219

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 71 bought or addedQ2 24: 109 cut or sold outQ3 24: 69 bought or addedQ3 24: 101 cut or sold outQ3 24Q4 24: 85 bought or addedQ4 24: 97 cut or sold outQ1 25: 64 bought or addedQ1 25: 120 cut or sold outQ1 25Q2 25: 77 bought or addedQ2 25: 98 cut or sold outQ3 25: 88 bought or addedQ3 25: 88 cut or sold outQ3 25Q4 25: 76 bought or addedQ4 25: 96 cut or sold outQ1 26: 100 bought or addedQ1 26: 83 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202471109
Q3 202469101
Q4 20248597
Q1 202564120
Q2 20257798
Q3 20258888
Q4 20257696
Q1 202610083

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $1.4mQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$1.4m$00.00

Biggest buyers

Integrated Wealth Concepts LLC Added +188,219+188.2k
LPL Financial LLC Added +68,917+68.9k
RAYMOND JAMES FINANCIAL INC Added +57,835+57.8k
NewEdge Advisors, LLC Added +56,797+56.8k
BNP PARIBAS FINANCIAL MARKETS New +50,000+50.0k
Baird Financial Group, Inc. Added +44,885+44.9k
BANK OF AMERICA CORP /DE/ Added +44,259+44.3k
Independent Advisor Alliance New +39,710+39.7k
Gateway Wealth Partners, LLC Added +35,449+35.4k
CITADEL ADVISORS LLC Added +31,600+31.6k

Biggest sellers

MORGAN STANLEY Reduced -203,288-203.3k
AE Wealth Management LLC Reduced -40,343-40.3k
KESTRA PRIVATE WEALTH SERVICES, LLC Reduced -27,102-27.1k
Vestmark Advisory Solutions, Inc. Reduced -26,072-26.1k
HARBOUR INVESTMENTS, INC. Reduced -24,590-24.6k
Coppell Advisory Solutions LLC Sold out -22,996-23.0k
OSAIC HOLDINGS, INC. Reduced -18,544-18.5k
SILVER OAK SECURITIES, INCORPORATED Reduced -16,824-16.8k
Kingsview Wealth Management, LLC Reduced -14,921-14.9k
Cambridge Investment Research Advisors, Inc. Reduced -12,723-12.7k

Biggest calls

Belvedere Trading LLC New $1.1m12.3k shares
CITADEL ADVISORS LLC New $295.5k3.2k shares

Biggest puts

None

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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,806,1231.8m $166.8m $166.8m 0.01% Reduced -203.3k -203,288
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,070,7461.1m $98.9m $98.9m 0.03% Added +68.9k +68,917
3 UBS Group AG 0.02% of their portfolio ZURICH, V8 968,433968.4k $89.4m $89.4m 0.02% Reduced -3.4k -3,447
4 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 401,419401.4k $37.1m $37.1m 0.01% Added +9 +9
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 391,307391.3k $36.1m $36.1m 0.00% Added +44.3k +44,259
6 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 345,175345.2k $31.9m $31.9m 0.03% Added +1.7k +1,685
7 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 298,949298.9k $27.6m $27.6m 0.01% Added +1.4k +1,394
8 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 295,102295.1k $27.3m $27.3m 0.01% Added +57.8k +57,835
9 Integrated Wealth Concepts LLC 0.15% of their portfolio WALTHAM, MA 198,478198.5k $18.3m $18.3m 0.15% Added +188.2k +188,219
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 197,337197.3k $18.2m $18.2m 0.00% Added +2.3k +2,291
11 Kingsview Wealth Management, LLC 0.22% of their portfolio GRANTS PASS, OR 176,755176.8k $16.3m $16.3m 0.22% Reduced -14.9k -14,921
12 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 156,182156.2k $14.4m $14.4m 0.05% Added +56.8k +56,797
13 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 146,260146.3k $13.5m $13.5m 0.03% Reduced -12.7k -12,723
14 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 144,185144.2k $13.3m $13.3m 0.06% Reduced -7.1k -7,078
15 Holistic Financial Partners 4.83% of their portfolio INDIANAPOLIS, IN 140,644140.6k $13.0m $13.0m 4.83% Added +2.6k +2,563
16 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 138,721138.7k $12.8m $12.8m 0.03% Reduced -2.3k -2,281
17 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 129,241129.2k $11.9m $11.9m 0.02% Reduced -4.6k -4,575
18 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 116,811116.8k $10.8m $10.8m 0.02% Reduced -18.5k -18,544
19 BENJAMIN EDWARDS INC 0.10% of their portfolio Clayton, MO 104,778104.8k $9.7m $9.7m 0.10% Added +10.5k +10,476
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 102,371102.4k $9.5m $9.5m 0.00% Added +17.8k +17,849
21 Kaydan Wealth Management, Inc. 2.74% of their portfolio FENTON, MI 88,82488.8k $8.2m $8.2m 2.74% Reduced -427 -427
22 IHT Wealth Management, LLC 0.17% of their portfolio Chicago, IL 80,41080.4k $7.4m $7.4m 0.17% Reduced -7.7k -7,696
23 HARBOUR INVESTMENTS, INC. 0.11% of their portfolio MADISON, WI 76,01476.0k $7.0m $7.0m 0.11% Reduced -24.6k -24,590
24 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 75,85775.9k $7.0m $7.0m 0.01% Added +44.9k +44,885
25 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 72,12972.1k $6.7m $6.7m 0.02% Added +7.2k +7,170
26 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 70,42270.4k $6.5m $6.5m 0.01% Reduced -6.5k -6,465
27 Vestmark Advisory Solutions, Inc. 0.07% of their portfolio Wakefield, MA 70,11670.1k $6.5m $6.5m 0.07% Reduced -26.1k -26,072
28 Gateway Wealth Partners, LLC 0.25% of their portfolio APPLETON, WI 69,37769.4k $6.4m $6.4m 0.25% Added +35.4k +35,449
29 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 69,11569.1k $6.4m $6.4m 0.01% Added +11.0k +11,019
30 COTTONWOOD CAPITAL ADVISORS, LLC 3.76% of their portfolio SALT LAKE CITY, UT 57,80957.8k $5.3m $5.3m 3.76% Reduced -2.3k -2,279
31 Snowden Capital Advisors LLC 0.14% of their portfolio New York, NY 57,40857.4k $5.3m $5.3m 0.14% Added +2.0k +2,011
32 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 50,00050.0k $4.6m $4.6m 0.00% New
33 Midwest Heritage Bank, FSB 1.37% of their portfolio WEST DES MOINES, IA 46,26446.3k $4.3m $4.3m 1.37% Reduced -8.8k -8,821
34 Prospera Financial Services Inc 0.07% of their portfolio Dallas, TX 43,88343.9k $4.1m $4.1m 0.07% Added +1.7k +1,715
35 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 42,32242.3k $3.9m $3.9m 0.00% Added +2.2k +2,170
36 IFP Advisors, Inc 0.08% of their portfolio TAMPA, FL 41,74441.7k $3.9m $3.9m 0.08% Reduced -656 -656
37 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 41,71041.7k $3.9m $3.9m 0.00% Added +1.9k +1,924
38 Trueblood Wealth Management, LLC 1.48% of their portfolio LIMA, OH 40,95841.0k $3.8m $3.8m 1.48% Added +56 +56
39 Independent Advisor Alliance 0.04% of their portfolio CHARLOTTE, NC 39,71039.7k $3.7m $3.7m 0.04% New
40 Atria Investments, Inc 0.04% of their portfolio Charlotte, NC 37,58137.6k $3.5m $3.5m 0.04% Reduced -3.5k -3,461
41 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 37,40837.4k $3.5m $3.5m 0.02% Reduced -374 -374
42 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 35,37635.4k $3.3m $3.3m 0.00% Added +31.6k +31,600
43 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 30,40430.4k $2.8m $2.8m 0.02% Reduced -40.3k -40,343
44 Regal Investment Advisors LLC 0.15% of their portfolio KENTWOOD, MI 27,90727.9k $2.6m $2.6m 0.15% Reduced -110 -110
45 IAMS WEALTH MANAGEMENT, LLC 0.88% of their portfolio OMAHA, NE 27,42127.4k $2.5m $2.5m 0.88% Reduced -4.3k -4,269
46 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 25,58025.6k $2.4m $2.4m 0.02% Added +579 +579
47 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 23,95924.0k $2.2m $2.2m 0.00% Added +12.1k +12,132
48 Triton Wealth Management, PLLC 0.79% of their portfolio SUN CITY, AZ 23,15523.2k $2.1m $2.1m 0.79% Unchanged
49 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 22,68622.7k $2.1m $2.1m 0.00% Added +3.5k +3,469
50 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 21,87321.9k $2.0m $2.0m 0.02% Added +234 +234
51 Midwest Financial Network, LLC 1.59% of their portfolio TINLEY PARK, IL 21,69721.7k $2.0m $2.0m 1.59% Reduced -6.4k -6,413
52 RFG Advisory, LLC 0.04% of their portfolio BIRMINGHAM, AL 21,57221.6k $2.0m $2.0m 0.04% Added +17.2k +17,201
53 FSB PREMIER WEALTH MANAGEMENT, INC. 0.62% of their portfolio WATERLOO, IA 21,39321.4k $2.0m $2.0m 0.62% Reduced -643 -643
54 OneAscent Financial Services LLC 0.10% of their portfolio BIRMINGHAM, AL 20,58320.6k $1.9m $1.9m 0.10% Reduced -1.6k -1,587
55 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 20,47320.5k $1.9m $1.9m 0.01% Added +987 +987
56 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 19,27919.3k $1.8m $1.8m 0.01% Added +212 +212
57 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 19,08019.1k $1.7m $1.7m 0.00% Added +243 +243
58 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 18,50618.5k $1.6m $1.6m 0.01% Reduced -423 -423
59 LaSalle St. Investment Advisors, LLC 0.22% of their portfolio ELMHURST, IL 16,83416.8k $1.6m $1.6m 0.22% Reduced -41 -41
60 NewEdge Wealth, LLC 0.02% of their portfolio STAMFORD, CT 16,80616.8k $1.6m $1.6m 0.02% Added +14 +14
61 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 16,68616.7k $1.5m $1.5m 0.00% Added +16.0k +15,953
62 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 16,18516.2k $1.5m $1.5m 0.00% New
63 Pacific Excel Wealth Advisors, Inc. 1.57% of their portfolio WALNUT CREEK, CA 16,13916.1k $1.5m $1.5m 1.57% Added +6.1k +6,084
64 KESTRA PRIVATE WEALTH SERVICES, LLC 0.02% of their portfolio AUSTIN, TX 15,20615.2k $1.4m $1.4m 0.02% Reduced -27.1k -27,102
65 HBW ADVISORY SERVICES LLC 0.15% of their portfolio SIMI VALLEY, CA 15,17815.2k $1.4m $1.4m 0.15% Added +271 +271
66 Parallel Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 14,87914.9k $1.4m $1.4m 0.02% Added +12.6k +12,618
67 Arkadios Wealth Advisors 0.02% of their portfolio ATLANTA, GA 14,56214.6k $1.3m $1.3m 0.02% Added +1.2k +1,180
68 Mariner, LLC 0.00% of their portfolio Overland Park, KS 14,46714.5k $1.3m $1.3m 0.00% Reduced -467 -467
69 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 14,07714.1k $1.3m $1.3m 0.01% Reduced -24 -24
70 Western Wealth Management, LLC 0.05% of their portfolio GOLDEN, CO 14,01014.0k $1.3m $1.3m 0.05% Reduced -1.1k -1,138
71 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 13,70613.7k $1.3m $1.3m 0.00% Reduced -212 -212
72 TCFG WEALTH MANAGEMENT, LLC 0.46% of their portfolio LAGUNA NIGUEL, CA 13,33313.3k $1.2m $1.2m 0.46% Added +24 +24
73 TCFG Investment Advisors, LLC 0.46% of their portfolio LAGUNA NIGUEL, CA 13,33313.3k $1.2m $1.2m 0.46% First filing
74 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 12,94412.9k $1.2m $1.2m 0.00% Reduced -1.3k -1,344
75 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 12,89212.9k $1.2m $1.2m 0.01% Reduced -1.2k -1,159
76 Chicago Partners Investment Group LLC 0.03% of their portfolio CHICAGO, IL 12,74512.7k $1.2m $1.2m 0.03% Added +36 +36
77 Richmond Investment Services, LLC 0.19% of their portfolio Mequon, WI 12,49412.5k $1.2m $1.2m 0.19% Reduced -752 -752
78 Virtu Financial LLC 0.05% of their portfolio New York, NY 12,36512.4k $1.1m $1.1m 0.05% New
79 Sun Financial Inc 0.58% of their portfolio MIDVALE, UT 12,35512.4k $1.1m $1.1m 0.58% Added +389 +389
80 GREAT VALLEY ADVISOR GROUP, INC. 0.02% of their portfolio WILMINGTON, DE 12,13212.1k $1.1m $1.1m 0.02% Added +370 +370
81 WINEBRENNER CAPITAL MANAGEMENT LLC 0.70% of their portfolio LOUISVILLE, KY 11,84811.8k $1.1m $1.1m 0.70% Added +1 +1
82 Proactive Wealth Strategies LLC 0.20% of their portfolio MARIETTA, GA 11,25811.3k $1.0m $1.0m 0.20% Added +5.7k +5,651
83 RMR Capital Management, LLC 0.74% of their portfolio Tustin, CA 11,16011.2k $1.0m $1.0m 0.74% Reduced -35 -35
84 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 10,05310.1k $928.4k $928.4k 0.00% Added +16 +16
85 MPWM ADVISORY SOLUTIONS, LLC 0.47% of their portfolio ALPHARETTA, GA 9,5749.6k $884.2k $884.2k 0.47% Added +65 +65
86 Keystone Wealth Services, LLC 0.19% of their portfolio PALM DESERT, CA 9,3809.4k $866.3k $866.3k 0.19% New
87 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 9,3759.4k $865.8k $865.8k 0.01% Added +77 +77
88 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 9,2679.3k $855.8k $855.8k 0.02% Reduced -1.2k -1,209
89 Blackhawk Capital Partners, LLC 0.31% of their portfolio THIENSVILLE, WI 9,1509.2k $845.0k $845.0k 0.31% Added +430 +430
90 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 8,6478.6k $798.5k $798.5k 0.00% Reduced -254 -254
91 Eukles Asset Management 0.32% of their portfolio CINCINNATI, OH 7,7547.8k $716.1k $716.1k 0.32% Reduced -1.1k -1,059
92 Morey & Quinn Wealth Partners, LLC 0.50% of their portfolio OMAHA, NE 7,6507.7k $706.5k $706.5k 0.50% Unchanged
93 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 7,5967.6k $701.0k $701.0k 0.02% Added +4.0k +3,981
94 Mutual Advisors, LLC 0.02% of their portfolio OMAHA, NE 7,5917.6k $701.0k $701.0k 0.02% Added +109 +109
95 MEITAV INVESTMENT HOUSE LTD 0.01% of their portfolio BENE-BERAQ, L3 7,5507.5k $697.2k $697.2k 0.01% Unchanged
96 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 7,4997.5k $692.5k $692.5k 0.00% Added +1.2k +1,201
97 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 7,3847.4k $681.9k $681.9k 0.00% Reduced -348 -348
98 Three Seasons Wealth, LLC 0.26% of their portfolio SALT LAKE CITY, UT 7,3537.4k $679.0k $679.0k 0.26% Reduced -655 -655
99 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 7,2677.3k $671.1k $671.1k 0.00% Added +301 +301
100 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 7,2307.2k $667.7k $667.7k 0.00% Added +4.4k +4,442