Vault-13

FIRST TR EXCH TRD ALPHDX FD FJP

JAPAN ALPHADEX · ETP · CUSIP 33737J158

79 institutional holders +4 vs Q1 2025
2,549,3902.5m shares reported held*
$152.3mreported value*
13 new 36 added 23 reduced 8 sold out net bought ≈ $8.2m (+138.1k 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. Holder counts are more reliable. Implied quarter-end price ≈ $59.74. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 22Q4 22: 24Q1 23: 27Q2 23: 40Q3 23: 68Q4 23: 74Q1 24: 72Q2 24: 72Q3 24: 73Q4 24: 80Q1 25: 75Q2 25: 7979Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202222
Q4 202224
Q1 202327
Q2 202340
Q3 202368
Q4 202374
Q1 202472
Q2 202472
Q3 202473
Q4 202480
Q1 202575
Q2 202579

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 52 bought or addedQ3 23: 10 cut or sold outQ4 23: 45 bought or addedQ4 23: 28 cut or sold outQ4 23Q1 24: 43 bought or addedQ1 24: 35 cut or sold outQ2 24: 42 bought or addedQ2 24: 33 cut or sold outQ2 24Q3 24: 44 bought or addedQ3 24: 31 cut or sold outQ4 24: 50 bought or addedQ4 24: 30 cut or sold outQ4 24Q1 25: 35 bought or addedQ1 25: 44 cut or sold outQ2 25: 49 bought or addedQ2 25: 31 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235210
Q4 20234528
Q1 20244335
Q2 20244233
Q3 20244431
Q4 20245030
Q1 20253544
Q2 20254931

Biggest buyers

MORGAN STANLEY Added +33,567+33.6k
GTS SECURITIES LLC New +33,121+33.1k
Coppell Advisory Solutions LLC Added +30,238+30.2k
Cetera Investment Advisers Added +18,358+18.4k
ASSETMARK, INC Added +15,091+15.1k
Cambridge Investment Research Advisors, Inc. Added +14,272+14.3k
ENVESTNET ASSET MANAGEMENT INC Added +11,592+11.6k
Rathbones Group PLC Added +9,791+9.8k
JANE STREET GROUP, LLC Added +6,421+6.4k
AVANTAX ADVISORY SERVICES, INC. Added +5,680+5.7k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -16,159-16.2k
CITADEL ADVISORS LLC Sold out -14,278-14.3k
Envestnet Portfolio Solutions, Inc. Reduced -10,380-10.4k
Atria Wealth Solutions, Inc. Sold out -9,341-9.3k
AE Wealth Management LLC Reduced -5,729-5.7k
Farther Finance Advisors, LLC Reduced -5,531-5.5k
Good Life Advisors, LLC Reduced -4,456-4.5k
CIBC WORLD MARKET INC. Sold out -4,400-4.4k
Mariner, LLC Sold out -4,032-4.0k
BANK OF AMERICA CORP /DE/ Reduced -3,054-3.1k

Biggest calls

None

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 CW Advisors, LLC 0.42% of their portfolio BOSTON, MA 723,322723.3k $43.2m $43.2m 0.42% Added +4.9k +4,888
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 320,836320.8k $19.2m $19.2m 0.00% Added +33.6k +33,567
3 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 208,748208.7k $12.5m $12.5m 0.00% Added +11.6k +11,592
4 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 174,953175.0k $10.4m $10.4m 0.00% Reduced -449 -449
5 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 89,72289.7k $5.4m $5.4m 0.01% Added +18.4k +18,358
6 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 88,53988.5k $5.3m $5.3m 0.01% Added +2.0k +2,033
7 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 84,35684.4k $5.0m $5.0m 0.01% Added +15.1k +15,091
8 Rathbones Group PLC 0.02% of their portfolio Liverpool, X0 83,52383.5k $5.0m $5.0m 0.02% Added +9.8k +9,791
9 Holistic Financial Partners 1.71% of their portfolio INDIANAPOLIS, IN 65,50865.5k $3.9m $3.9m 1.71% Added +3.1k +3,051
10 Coppell Advisory Solutions LLC 0.25% of their portfolio COPPELL, TX 58,13658.1k $3.5m $3.5m 0.25% Added +30.2k +30,238
11 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 44,00744.0k $2.6m $2.6m 0.01% Added +14.3k +14,272
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 40,19640.2k $2.4m $2.4m 0.00% Added +726 +726
13 GTS SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 33,12133.1k $2.0m $2.0m 0.09% New
14 Transamerica Financial Advisors, LLC 0.16% of their portfolio CEDAR RAPIDS, IA 29,43829.4k $1.8m $1.8m 0.16% Added +139 +139
15 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 27,73527.7k $1.7m $1.7m 0.01% Added +5.7k +5,680
16 BENJAMIN EDWARDS INC 0.02% of their portfolio Clayton, MO 24,51624.5k $1.5m $1.5m 0.02% Added +4.1k +4,060
17 Good Life Advisors, LLC 0.09% of their portfolio READING, PA 24,36424.4k $1.5m $1.5m 0.09% Reduced -4.5k -4,456
18 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 24,07624.1k $1.4m $1.4m 0.00% Added +39 +39
19 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 22,55322.6k $1.3m $1.3m 0.04% Added +154 +154
20 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 22,13022.1k $1.3m $1.3m 0.02% Reduced -140 -140
21 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 21,95322.0k $1.3m $1.3m 0.01% Reduced -5.7k -5,729
22 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 21,16021.2k $1.3m $1.3m 0.00% Reduced -208 -208
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 20,14120.1k $1.2m $1.2m 0.00% Added +2.6k +2,576
24 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 18,02018.0k $1.1m $1.1m 0.01% Added +893 +893
25 Gateway Wealth Partners, LLC 0.19% of their portfolio APPLETON, WI 16,64516.6k $994.0k $994.0k 0.19% Reduced -1.1k -1,063
26 Snowden Capital Advisors LLC 0.03% of their portfolio New York, NY 16,58716.6k $990.6k $990.6k 0.03% Reduced -31 -31
27 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 15,62215.6k $932.9k $932.9k 0.01% Reduced -411 -411
28 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 15,50315.5k $926.0k $926.0k 0.00% Added +641 +641
29 OneAscent Financial Services LLC 0.06% of their portfolio BIRMINGHAM, AL 13,60313.6k $812.0k $812.0k 0.06% Added +326 +326
30 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 13,17113.2k $786.6k $786.6k 0.00% Added +6.4k +6,421
31 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 13,08713.1k $782.0k $782.0k 0.01% Reduced -347 -347
32 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 12,37712.4k $739.1k $739.1k 0.01% Reduced -5.5k -5,531
33 American Institute for Advanced Investment Management, LLP 0.49% of their portfolio Scottsdale, AZ 11,60011.6k $692.8k $692.8k 0.49% Reduced -2.0k -2,000
34 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 11,19311.2k $706.1k $706.1k 0.01% Reduced -326 -326
35 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 10,98211.0k $655.8k $655.8k 0.00% Added +1.6k +1,552
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 10,47310.5k $625.4k $625.4k 0.00% Reduced -3.1k -3,054
37 IAMS WEALTH MANAGEMENT, LLC 0.29% of their portfolio OMAHA, NE 10,44010.4k $623.6k $623.6k 0.29% Added +56 +56
38 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 9,2539.3k $553.0k $553.0k 0.00% Reduced -1.0k -1,034
39 COTTONWOOD CAPITAL ADVISORS, LLC 0.32% of their portfolio SALT LAKE CITY, UT 8,0988.1k $483.6k $483.6k 0.32% Reduced -136 -136
40 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 6,5016.5k $388.2k $388.2k 0.00% Reduced -211 -211
41 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 6,2726.3k $374.6k $374.6k 0.00% Added +609 +609
42 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,2595.3k $314.1k $314.1k 0.00% New
43 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 5,0615.1k $302.0k $302.0k 0.00% Reduced -109 -109
44 PFG Advisors 0.01% of their portfolio Phoenix, AZ 4,7104.7k $281.3k $281.3k 0.01% Reduced -2.6k -2,592
45 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 4,3194.3k $257.9k $257.9k 0.00% Reduced -10.4k -10,380
46 Global Retirement Partners, LLC 0.01% of their portfolio San Rafael, CA 4,1664.2k $248.8k $248.8k 0.01% First filing
47 FSB PREMIER WEALTH MANAGEMENT, INC. 0.09% of their portfolio WATERLOO, IA 4,1304.1k $246.6k $246.6k 0.09% Added +333 +333
48 LaSalle St. Investment Advisors, LLC 0.07% of their portfolio ELMHURST, IL 4,0124.0k $239.0k $239.0k 0.07% Added +116 +116
49 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 3,9463.9k $235.7k $235.7k 0.01% Added +408 +408
50 Traction Financial Partners, LLC 0.16% of their portfolio LITTLETON, CO 3,9103.9k $233.5k $233.5k 0.16% New
51 Pinnacle Family Advisors, LLC 0.11% of their portfolio Springfield, MO 3,9083.9k $233.5k $233.5k 0.11% Reduced -98 -98
52 Pine Valley Investments Ltd Liability Co 0.01% of their portfolio MARLTON, NJ 3,7273.7k $222.6k $222.6k 0.01% New
53 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 3,6993.7k $220.9k $220.9k 0.01% Added +50 +50
54 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 3,6093.6k $215.5k $215.5k 0.01% Reduced -1.1k -1,059
55 ABLE Financial Group, LLC 0.05% of their portfolio SCOTTSDALE, AZ 3,5513.6k $212.1k $212.1k 0.05% New
56 BlueChip Wealth Advisors LLC 0.09% of their portfolio Milton, GA 3,4683.5k $207.1k $207.1k 0.09% New
57 TUCKER ASSET MANAGEMENT LLC 0.05% of their portfolio LITTLETON, CO 2,5972.6k $155.1k $155.1k 0.05% Added +1.2k +1,246
58 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 2,2292.2k $133.1k $133.1k 0.00% Added +334 +334
59 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,0002.0k $119.4k $119.4k 0.00% New
60 TSFG, LLC 0.02% of their portfolio LAKE FOREST, IL 1,4161.4k $85.0k $85.0k 0.02% Added +5 +5
61 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,3491.3k $81.2k $81.2k 0.00% Added +831 +831
62 Moser Wealth Advisors, LLC 0.03% of their portfolio BELLEVUE, WA 1,1801.2k $70.5k $70.5k 0.03% New
63 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,0601.1k $64.0k $64.0k 0.00% Added +669 +669
64 REAP Financial Group, LLC 0.01% of their portfolio AUSTIN, TX 708708 $42.3k $42.3k 0.01% Added +5 +5
65 Rossby Financial, LCC 0.01% of their portfolio MELBOURNE, FL 569569 $34.0k $34.0k 0.01% Added +5 +5
66 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 500500 $29.9k $29.9k 0.00% Unchanged
67 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 500500 $29.7k $29.7k 0.00% Unchanged
68 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 375375 $22.0k $22.0k 0.00% Unchanged
69 FMR LLC 0.00% of their portfolio BOSTON, MA 312312 $18.7k $18.7k 0.00% Added +65 +65
70 Luminist Capital LLC 0.01% of their portfolio GRAND RAPIDS, MI 132132 $7.9k $7.9k 0.01% Unchanged
71 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 125125 $7.5k $7.5k 0.00% New
72 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 8686 $5.2k $5.2k 0.00% New
73 AMERICAN NATIONAL BANK & TRUST 0.00% of their portfolio WICHITA FALLS, TX 7070 $4.2k $4.2k 0.00% Unchanged
74 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 6767 $4.0k $4.0k 0.00% Reduced -30 -30
75 CWM, LLC 0.00% of their portfolio OMAHA, NE 6565 $4.0k $4.0k 0.00% New
76 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 6464 $3.8k $3.8k 0.00% New
77 Transce3nd, LLC 0.00% of their portfolio BUDA, TX 4848 $2.9k $2.9k 0.00% Reduced -17 -17
78 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 33 $179 $179 0.00% New
79 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged