Vault-13

FIRST TR EXCHANGE-TRADED FD FDD

COMMON SHS · ETP · CUSIP 33735T109

125 institutional holders +3 vs Q3 2025
23,520,92023.5m shares reported held*
$411.2mreported value*
15 new 59 added 33 reduced 14 sold out net sold ≈ $24.2m (-1.4m 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. Holder counts are more reliable. Implied quarter-end price ≈ $17.48.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 74Q4 22: 73Q1 23: 72Q2 23: 70Q3 23: 74Q4 23: 81Q1 24: 71Q2 24: 79Q3 24: 78Q4 24: 77Q1 25: 80Q2 25: 115Q3 25: 122Q4 25: 125125Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202274
Q4 202273
Q1 202372
Q2 202370
Q3 202374
Q4 202381
Q1 202471
Q2 202479
Q3 202478
Q4 202477
Q1 202580
Q2 2025115
Q3 2025122
Q4 2025125

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 29 bought or addedQ1 24: 44 cut or sold outQ2 24: 40 bought or addedQ2 24: 30 cut or sold outQ2 24Q3 24: 34 bought or addedQ3 24: 42 cut or sold outQ4 24: 46 bought or addedQ4 24: 28 cut or sold outQ4 24Q1 25: 52 bought or addedQ1 25: 29 cut or sold outQ2 25: 85 bought or addedQ2 25: 24 cut or sold outQ2 25Q3 25: 72 bought or addedQ3 25: 42 cut or sold outQ4 25: 74 bought or addedQ4 25: 47 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242944
Q2 20244030
Q3 20243442
Q4 20244628
Q1 20255229
Q2 20258524
Q3 20257242
Q4 20257447

Calls vs puts

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

CallsPuts
$0$50k$100k$150k$200kQ1 25 calls: $171.0kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $0Q2 25 puts: $2.7kQ2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$171.0k$00.00
Q2 2025$0$2.7k—
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

LPL Financial LLC Added +270,777+270.8k
Prospera Financial Services Inc Added +196,082+196.1k
NewEdge Advisors, LLC Added +124,609+124.6k
Ignite Planners, LLC New +113,721+113.7k
Navis Wealth Advisors, LLC New +95,692+95.7k
ORG Partners LLC Added +72,450+72.5k
ROYAL BANK OF CANADA Added +72,126+72.1k
MORGAN STANLEY Added +66,147+66.1k
JONES FINANCIAL COMPANIES LLLP Added +65,971+66.0k
RAYMOND JAMES FINANCIAL INC Added +58,208+58.2k

Biggest sellers

CITADEL ADVISORS LLC Sold out -1,169,383-1.2m
JANE STREET GROUP, LLC Reduced -365,648-365.6k
BANK OF AMERICA CORP /DE/ Reduced -303,355-303.4k
FLOW TRADERS U.S. LLC Sold out -267,748-267.7k
UBS Group AG Reduced -207,413-207.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -116,253-116.3k
Murphy, Middleton, Hinkle & Parker, Inc. Sold out -115,577-115.6k
WELLS FARGO & COMPANY/MN Reduced -111,085-111.1k
INTEGRITY ALLIANCE, LLC. Sold out -55,188-55.2k
GTS SECURITIES LLC Sold out -47,081-47.1k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,351,4163.4m $58.6m $58.6m 0.00% Added +66.1k +66,147
2 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,216,5342.2m $38.8m $38.8m 0.01% Reduced -111.1k -111,085
3 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,716,4121.7m $30.0m $30.0m 0.01% Added +58.2k +58,208
4 MANCHESTER FINANCIAL INC 4.68% of their portfolio Westlake Village, CA 1,428,7351.4m $25.0m $25.0m 4.68% Reduced -3.0k -3,046
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,414,0391.4m $24.7m $24.7m 0.00% Reduced -207.4k -207,413
6 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 1,144,6131.1m $20.0m $20.0m 0.00% Reduced -46.6k -46,577
7 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,094,4481.1m $19.2m $19.2m 0.01% Added +270.8k +270,777
8 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 884,982885.0k $15.5m $15.5m 0.02% Added +35.1k +35,066
9 ODonnell Financial Services, LLC 5.23% of their portfolio SAN RAFAEL, CA 874,012874.0k $15.3m $15.3m 5.23% Added +46.0k +46,011
10 Intellectus Partners, LLC 2.06% of their portfolio SAN FRANCISCO, CA 609,957610.0k $10.7m $10.7m 2.06% Reduced -11.7k -11,734
11 Prospera Financial Services Inc 0.13% of their portfolio Dallas, TX 459,338459.3k $8.0m $8.0m 0.13% Added +196.1k +196,082
12 Atria Investments, Inc 0.09% of their portfolio Charlotte, NC 444,559444.6k $7.8m $7.8m 0.09% Added +10.0k +9,955
13 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 441,179441.2k $7.7m $7.7m 0.04% Added +9.2k +9,207
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 439,487439.5k $7.7m $7.7m 0.00% Reduced -303.4k -303,355
15 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 409,662409.7k $7.2m $7.2m 0.02% Added +3.1k +3,082
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 342,607342.6k $6.0m $6.0m 0.00% Added +39.6k +39,619
17 IFP Advisors, Inc 0.13% of their portfolio TAMPA, FL 329,008329.0k $5.8m $5.8m 0.13% Added +6.0k +6,036
18 ORG Partners LLC 0.88% of their portfolio ROANOKE, IN 286,050286.1k $5.0m $5.0m 0.88% Added +72.5k +72,450
19 Warner Group LLC 2.67% of their portfolio MADISON, CT 247,752247.8k $4.3m $4.3m 2.67% Reduced -30.6k -30,587
20 Owen LaRue, LLC 1.59% of their portfolio ELIZABETHTOWN, KY 239,117239.1k $4.2m $4.2m 1.59% Added +39.6k +39,615
21 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 220,009220.0k $3.9m $3.9m 0.03% Added +6.4k +6,354
22 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 2.06% of their portfolio SALINE, MI 216,978217.0k $3.8m $3.8m 2.06% Added +9.5k +9,516
23 Allie Family Office LLC 1.77% of their portfolio MIAMI, FL 216,943216.9k $3.8m $3.8m 1.77% Unchanged
24 FLAGSHIP HARBOR ADVISORS, LLC 0.18% of their portfolio BOSTON, MA 213,902213.9k $3.7m $3.7m 0.18% Added +11.4k +11,442
25 Next Level Private LLC 0.86% of their portfolio HARRISON, NY 186,649186.6k $3.3m $3.3m 0.86% Added +7.6k +7,591
26 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 178,214178.2k $3.1m $3.1m 0.00% Added +66.0k +65,971
27 Hobart Private Capital, LLC 0.60% of their portfolio CHARLOTTE, NC 177,055177.1k $3.1m $3.1m 0.60% Added +9.0k +9,007
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 169,094169.1k $3.0m $3.0m 0.00% Added +72.1k +72,126
29 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 163,764163.8k $2.9m $2.9m 0.02% Added +3.1k +3,076
30 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 156,323156.3k $2.7m $2.7m 0.00% Reduced -2.2k -2,169
31 Concorde Asset Management, LLC 1.09% of their portfolio ANN ARBOR, MI 155,712155.7k $2.7m $2.7m 1.09% Added +1.6k +1,551
32 FOREFRONT WEALTH MANAGEMENT INC. 1.95% of their portfolio MALVERN, PA 155,060155.1k $2.7m $2.7m 1.95% Reduced -1.8k -1,811
33 HARBOUR INVESTMENTS, INC. 0.05% of their portfolio MADISON, WI 145,765145.8k $2.6m $2.6m 0.05% Reduced -6.5k -6,540
34 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 145,683145.7k $2.5m $2.5m 0.00% Added +1.0k +1,031
35 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 143,351143.4k $2.5m $2.5m 0.01% Added +124.6k +124,609
36 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 141,879141.9k $2.5m $2.5m 0.00% Reduced -365.6k -365,648
37 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 124,979125.0k $2.2m $2.2m 0.01% Added +18.5k +18,527
38 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 118,628118.6k $2.1m $2.1m 0.00% Added +10.2k +10,164
39 Ignite Planners, LLC 0.32% of their portfolio SAN CLEMENTE, CA 113,721113.7k $2.1m $2.1m 0.32% New
40 TCFG WEALTH MANAGEMENT, LLC 0.70% of their portfolio LAGUNA NIGUEL, CA 101,934101.9k $1.8m $1.8m 0.70% Reduced -1.2k -1,232
41 Navis Wealth Advisors, LLC 0.71% of their portfolio RYE BROOK, NY 95,69295.7k $1.7m $1.7m 0.71% New
42 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 91,07891.1k $1.6m $1.6m 0.00% Added +6.0k +6,035
43 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 90,78090.8k $1.6m $1.6m 0.00% Reduced -36.8k -36,756
44 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 86,18686.2k $1.5m $1.5m 0.02% Added +10 +10
45 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 69,29669.3k $1.2m $1.2m 0.01% Added +8.2k +8,213
46 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 65,52165.5k $1.2m $1.2m 0.00% Added +3.0k +3,043
47 BlueChip Wealth Advisors LLC 0.43% of their portfolio Milton, GA 58,67458.7k $1.0m $1.0m 0.43% Reduced -1.1k -1,128
48 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 58,55158.6k $1.0m $1.0m 0.01% Added +25.5k +25,466
49 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 54,99655.0k $962.4k $962.4k 0.00% Added +9.8k +9,811
50 Wisconsin Wealth Advisors, LLC 0.92% of their portfolio SUN PRAIRIE, WI 53,48953.5k $936.1k $936.1k 0.92% Added +383 +383
51 KINTRA WEALTH, LLC 0.12% of their portfolio WILLIAMSPORT, PA 48,58448.6k $850.2k $850.2k 0.12% New
52 COMERICA BANK 0.00% of their portfolio DALLAS, TX 48,22148.2k $843.9k $843.9k 0.00% Added +1.2k +1,230
53 Snowden Capital Advisors LLC 0.02% of their portfolio New York, NY 44,01244.0k $770.2k $770.2k 0.02% Added +12.0k +12,000
54 J2 Capital Management Inc 0.53% of their portfolio TROY, MI 41,52341.5k $726.7k $726.7k 0.53% Added +724 +724
55 Elevated Capital Advisors, LLC 0.17% of their portfolio SANDY, UT 41,50741.5k $726.4k $726.4k 0.17% Reduced -2.2k -2,242
56 Global Assets Advisory, LLC 0.20% of their portfolio ORLANDO, FL 40,40040.4k $707.0k $707.0k 0.20% Added +5.2k +5,200
57 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio ORLANDO, FL 39,95440.0k $699.2k $699.2k 0.05% Reduced -5.1k -5,051
58 Gateway Wealth Partners, LLC 0.08% of their portfolio APPLETON, WI 39,02539.0k $682.9k $682.9k 0.08% Added +105 +105
59 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 36,60536.6k $640.6k $640.6k 0.00% Added +2.2k +2,170
60 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 35,75835.8k $625.8k $625.8k 0.01% Unchanged
61 COTTONWOOD CAPITAL ADVISORS, LLC 0.42% of their portfolio SALT LAKE CITY, UT 33,29733.3k $582.7k $582.7k 0.42% Reduced -162 -162
62 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 32,65132.7k $571.4k $571.4k 0.00% Reduced -5.7k -5,657
63 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 31,65331.7k $553.9k $553.9k 0.01% Added +1.5k +1,500
64 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 31,48931.5k $551.1k $551.1k 0.00% Added +30.9k +30,863
65 BXM Wealth LLC 0.00% of their portfolio Englewood, CO 28,87528.9k $1.6k $1.6k 0.00% New
66 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 28,00428.0k $490.1k $490.1k 0.00% Added +6.9k +6,877
67 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 27,58727.6k $482.8k $482.8k 0.00% Reduced -3.3k -3,325
68 Moors & Cabot, Inc. 0.02% of their portfolio BOSTON, MA 25,63925.6k $448.7k $448.7k 0.02% Added +1.2k +1,219
69 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 25,50025.5k $446.0k $446.0k 0.01% Added +145 +145
70 Coppell Advisory Solutions LLC 0.04% of their portfolio COPPELL, TX 24,39824.4k $428.4k $428.4k 0.04% Reduced -3.8k -3,771
71 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 24,19624.2k $423.4k $423.4k 0.01% Added +2.1k +2,067
72 LEE JOHNSON CAPITAL MANAGEMENT, LLC 0.14% of their portfolio FORT WORTH, TX 22,81822.8k $399.3k $399.3k 0.14% Added +120 +120
73 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 22,23922.2k $389.2k $389.2k 0.00% Added +545 +545
74 SILVER OAK SECURITIES, INCORPORATED 0.02% of their portfolio JACKSON, TN 20,49020.5k $359.8k $359.8k 0.02% Added +833 +833
75 Topsail Wealth Management, LLC 0.05% of their portfolio CHARLOTTE, NC 20,17520.2k $353.1k $353.1k 0.05% Added +4.6k +4,600
76 Berger Financial Group, Inc 0.02% of their portfolio PLYMOUTH, MN 20,12420.1k $352.2k $352.2k 0.02% Added +820 +820
77 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 19,96620.0k $349.4k $349.4k 0.01% Added +3.4k +3,441
78 Balboa Wealth Partners 0.06% of their portfolio SCOTTSDALE, AZ 19,65119.7k $343.9k $343.9k 0.06% Reduced -8.5k -8,474
79 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 17,81417.8k $311.7k $311.7k 0.01% Reduced -662 -662
80 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 16,00016.0k $280.0k $280.0k 0.00% New
81 CALTON & ASSOCIATES, INC. 0.04% of their portfolio Tampa, FL 15,53615.5k $271.9k $271.9k 0.04% New
82 LIBERTY WEALTH MANAGEMENT LLC 0.03% of their portfolio OAKLAND, CA 14,95115.0k $261.6k $261.6k 0.03% Reduced -43 -43
83 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 14,67114.7k $256.7k $256.7k 0.01% Added +317 +317
84 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 14,18214.2k $248.2k $248.2k 0.00% Reduced -1.1k -1,063
85 Treasure Coast Financial Planning 0.13% of their portfolio VERO BEACH, FL 14,00914.0k $245.2k $245.2k 0.13% Added +516 +516
86 Prosperity Wealth Management, Inc. 0.08% of their portfolio San Ramon, CA 13,98514.0k $244.7k $244.7k 0.08% Reduced -544 -544
87 Register Financial Advisors LLC 0.09% of their portfolio ATLANTA, GA 13,80313.8k $241.5k $241.5k 0.09% Added +35 +35
88 Strategic Financial Partners, Ltd. 0.10% of their portfolio Bend, OR 13,71613.7k $240.0k $240.0k 0.10% Reduced -204 -204
89 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 13,65713.7k $239.0k $239.0k 0.00% Added +41 +41
90 MGO ONE SEVEN LLC 0.00% of their portfolio Beachwood, OH 13,47813.5k $235.9k $235.9k 0.00% New
91 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,50012.5k $218.8k $218.8k 0.00% Reduced -116.3k -116,253
92 FSB PREMIER WEALTH MANAGEMENT, INC. 0.07% of their portfolio WATERLOO, IA 12,09912.1k $211.7k $211.7k 0.07% Reduced -74 -74
93 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 11,47311.5k $200.8k $200.8k 0.00% Reduced -992 -992
94 RFG Advisory, LLC 0.00% of their portfolio BIRMINGHAM, AL 10,95811.0k $191.8k $191.8k 0.00% Unchanged
95 Hilltop Holdings Inc. 0.01% of their portfolio DALLAS, TX 10,44210.4k $182.7k $182.7k 0.01% Reduced -589 -589
96 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,00010.0k $175.0k $175.0k 0.00% New
97 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 8,6518.7k $151.4k $151.4k 0.00% Reduced -200 -200
98 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 6,8006.8k $119.0k $119.0k 0.00% New
99 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 5,8435.8k $102.3k $102.3k 0.00% Unchanged
100 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 5,0005.0k $87.4k $87.4k 0.00% Added +3.8k +3,800