Vault-13

FIRST TR EXCH TRD ALPHDX FD FEM

EMERG MKT ALPH · ETP · CUSIP 33737J182

154 institutional holders +13 vs Q1 2026
18,907,09018.9m shares reported held*
$603.9mreported value*
25 new 72 added 33 reduced 11 sold out net bought ≈ $20.8m (+680.2k 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 ($216.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.94.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 95Q4 22: 99Q1 23: 99Q2 23: 105Q3 23: 113Q4 23: 116Q1 24: 110Q2 24: 118Q3 24: 113Q4 24: 112Q1 25: 101Q2 25: 104Q3 25: 108Q4 25: 116Q1 26: 141Q2 26: 154154Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202295
Q4 202299
Q1 202399
Q2 2023105
Q3 2023113
Q4 2023116
Q1 2024110
Q2 2024118
Q3 2024113
Q4 2024112
Q1 2025101
Q2 2025104
Q3 2025108
Q4 2025116
Q1 2026141
Q2 2026154

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 66 bought or addedQ3 24: 46 cut or sold outQ4 24: 61 bought or addedQ4 24: 52 cut or sold outQ4 24Q1 25: 50 bought or addedQ1 25: 57 cut or sold outQ2 25: 49 bought or addedQ2 25: 48 cut or sold outQ2 25Q3 25: 61 bought or addedQ3 25: 44 cut or sold outQ4 25: 53 bought or addedQ4 25: 51 cut or sold outQ4 25Q1 26: 98 bought or addedQ1 26: 26 cut or sold outQ2 26: 97 bought or addedQ2 26: 44 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20246646
Q4 20246152
Q1 20255057
Q2 20254948
Q3 20256144
Q4 20255351
Q1 20269826
Q2 20269744

Biggest buyers

LPL Financial LLC Added +488,349+488.3k
MORGAN STANLEY Added +309,088+309.1k
Cambridge Investment Research Advisors, Inc. Added +281,631+281.6k
RAYMOND JAMES FINANCIAL INC Added +138,118+138.1k
WELLS FARGO & COMPANY/MN Added +124,525+124.5k
ROMAN BUTLER FULLERTON & CO New +96,357+96.4k
Integrated Wealth Concepts LLC Added +90,910+90.9k
OLD MISSION CAPITAL LLC New +89,046+89.0k
HARBOUR INVESTMENTS, INC. Added +75,382+75.4k
Vise Technologies, Inc. New +63,994+64.0k

Biggest sellers

JANE STREET GROUP, LLC Reduced -858,228-858.2k
Private Advisor Group, LLC Reduced -172,229-172.2k
Wagner Wealth Management, Corp Sold out -92,316-92.3k
FIRST TRUST ADVISORS LP Reduced -86,418-86.4k
Gateway Wealth Partners, LLC Reduced -60,549-60.5k
Rathbones Group PLC Reduced -44,774-44.8k
Pacific Excel Wealth Advisors, Inc. Sold out -35,240-35.2k
UBS Group AG Reduced -30,496-30.5k
ROYAL BANK OF CANADA Reduced -27,232-27.2k
GOLDMAN SACHS GROUP INC Sold out -22,470-22.5k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,004,1463.0m $96.1m $96.1m 0.01% Added +309.1k +309,088
2 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,261,0752.3m $72.3m $72.3m 0.02% Added +488.3k +488,349
3 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,471,2721.5m $47.1m $47.1m 0.01% Added +124.5k +124,525
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,321,4851.3m $42.3m $42.3m 0.00% Added +18.0k +17,955
5 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 875,590875.6k $28.0m $28.0m 0.01% Added +26.2k +26,228
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 805,899805.9k $25.8m $25.8m 0.00% Reduced -27.2k -27,232
7 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 725,394725.4k $23.2m $23.2m 0.03% Added +281.6k +281,631
8 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 671,879671.9k $21.5m $21.5m 0.01% Reduced -86.4k -86,418
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 647,068647.1k $20.7m $20.7m 0.00% Reduced -30.5k -30,496
10 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.30% of their portfolio Seattle, WA 636,366636.4k $20.4m $20.4m 0.30% Added +19.2k +19,187
11 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 582,966583.0k $18.6m $18.6m 0.01% Added +138.1k +138,118
12 TCP Asset Management, LLC 1.65% of their portfolio Upper Arlington, OH 455,273455.3k $14.6m $14.6m 1.65% Added +14.8k +14,788
13 Sanctuary Advisors, LLC 0.05% of their portfolio INDIANAPOLIS, IN 369,789369.8k $11.8m $11.8m 0.05% Reduced -10.1k -10,112
14 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 360,031360.0k $11.5m $11.5m 0.01% Reduced -5.7k -5,670
15 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 356,467356.5k $11.4m $11.4m 0.02% Added +35.5k +35,463
16 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 313,808313.8k $10.0m $10.0m 0.02% Unchanged
17 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 223,082223.1k $7.1m $7.1m 0.00% Reduced -5.0k -4,956
18 BENJAMIN EDWARDS INC 0.04% of their portfolio Clayton, MO 148,318148.3k $4.7m $4.7m 0.04% Added +7.2k +7,161
19 GREENUP STREET WEALTH MANAGEMENT LLC 0.53% of their portfolio OVERLAND PARK, KS 137,010137.0k $4.4m $4.4m 0.53% Added +166 +166
20 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 134,457134.5k $4.3m $4.3m 0.00% Reduced -16.5k -16,492
21 HARBOUR INVESTMENTS, INC. 0.06% of their portfolio MADISON, WI 134,363134.4k $4.3m $4.3m 0.06% Added +75.4k +75,382
22 Atria Investments, Inc 0.04% of their portfolio Charlotte, NC 124,183124.2k $4.0m $4.0m 0.04% Added +5.7k +5,710
23 IFP Advisors, Inc 0.07% of their portfolio TAMPA, FL 117,309117.3k $3.8m $3.8m 0.07% Added +9.1k +9,135
24 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 115,286115.3k $3.7m $3.7m 0.02% Added +90.9k +90,910
25 Kingsview Wealth Management, LLC 0.04% of their portfolio GRANTS PASS, OR 110,800110.8k $3.5m $3.5m 0.04% Added +18.1k +18,071
26 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 108,279108.3k $3.5m $3.5m 0.02% Reduced -172.2k -172,229
27 Prospera Financial Services Inc 0.05% of their portfolio Dallas, TX 105,075105.1k $3.4m $3.4m 0.05% Reduced -4.0k -4,012
28 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 98,20398.2k $3.1m $3.1m 0.01% Added +5.6k +5,615
29 ROMAN BUTLER FULLERTON & CO 0.72% of their portfolio ST LOUIS, MO 96,35796.4k $3.0m $3.0m 0.72% New
30 Gateway Wealth Partners, LLC 0.18% of their portfolio APPLETON, WI 94,69794.7k $3.0m $3.0m 0.18% Reduced -60.5k -60,549
31 OLD MISSION CAPITAL LLC 0.07% of their portfolio CHICAGO, IL 89,04689.0k $2.8m $2.8m 0.07% New
32 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 82,37482.4k $2.6m $2.6m 0.00% Reduced -67 -67
33 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 79,71479.7k $2.6m $2.6m 0.00% Added +25.8k +25,780
34 Rathbones Group PLC 0.01% of their portfolio Liverpool, X0 74,50074.5k $2.4m $2.4m 0.01% Reduced -44.8k -44,774
35 Midwest Financial Group LLC 0.75% of their portfolio Overland Park, KS 67,10767.1k $2.1m $2.1m 0.75% Added +137 +137
36 Vise Technologies, Inc. 0.02% of their portfolio NEW YORK, NY 63,99464.0k $2.0m $2.0m 0.02% New
37 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 62,81662.8k $2.0m $2.0m 0.01% Reduced -5.1k -5,116
38 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 61,20961.2k $2.0m $2.0m 0.01% Added +3.5k +3,527
39 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 58,84858.8k $1.9m $1.9m 0.01% Reduced -3.3k -3,275
40 Snowden Capital Advisors LLC 0.04% of their portfolio New York, NY 58,31958.3k $1.9m $1.9m 0.04% Added +20.4k +20,439
41 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 53,75653.8k $1.7m $1.7m 0.00% Reduced -20.8k -20,828
42 OneAscent Financial Services LLC 0.08% of their portfolio BIRMINGHAM, AL 49,43749.4k $1.6m $1.6m 0.08% Added +1.6k +1,553
43 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 49,31249.3k $1.6m $1.6m 0.00% Reduced -1.6k -1,592
44 PRINCIPAL SECURITIES, INC. 0.02% of their portfolio DES MOINES, IA 48,48348.5k $1.6m $1.6m 0.02% Reduced -21.1k -21,138
45 IMG Wealth Management, Inc. 0.85% of their portfolio JACKSONVILLE, FL 47,90347.9k $1.5m $1.5m 0.85% Added +5.3k +5,251
46 Greenwich Wealth Management LLC 0.06% of their portfolio GREENWICH, CT 47,62047.6k $1.5m $1.5m 0.06% Added +1.1k +1,075
47 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 46,63546.6k $1.5m $1.5m 0.00% Added +3.4k +3,366
48 VestGen Advisors, LLC 0.04% of their portfolio CHICAGO, IL 45,54545.5k $1.5m $1.5m 0.04% Added +2.3k +2,336
49 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 44,44844.4k $1.4m $1.4m 0.00% Added +2.6k +2,605
50 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 43,66643.7k $1.4m $1.4m 0.00% Added +9.9k +9,889
51 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 41,85841.9k $1.3m $1.3m 0.01% Reduced -94 -94
52 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 41,77241.8k $1.3m $1.3m 0.00% Reduced -858.2k -858,228
53 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 41,23341.2k $1.3m $1.3m 0.00% Added +3.1k +3,058
54 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 41,16941.2k $1.3m $1.3m 0.01% Added +7.8k +7,774
55 Chicago Partners Investment Group LLC 0.03% of their portfolio CHICAGO, IL 40,36040.4k $1.3m $1.3m 0.03% Added +87 +87
56 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 35,04535.0k $1.1m $1.1m 0.01% Added +13.2k +13,186
57 IAMS WEALTH MANAGEMENT, LLC 0.33% of their portfolio OMAHA, NE 34,02434.0k $1.1m $1.1m 0.33% Added +34 +34
58 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 33,15633.2k $1.1m $1.1m 0.00% Added +13.6k +13,568
59 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 32,84332.8k $1.1m $1.1m 0.00% Added +8.0k +7,959
60 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 32,40432.4k $1.0m $1.0m 0.01% Reduced -480 -480
61 Aprio Wealth Management, LLC 0.05% of their portfolio ATLANTA, GA 31,08931.1k $994.5k $994.5k 0.05% Unchanged
62 Crusonia Wealth Advisors LLC 0.16% of their portfolio DENVER, CO 29,84829.8k $954.8k $954.8k 0.16% Added +1.8k +1,793
63 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 28,85028.9k $922.9k $922.9k 0.01% Added +13.5k +13,493
64 Coppell Advisory Solutions LLC 0.00% of their portfolio COPPELL, TX 27,31127.3k $12.8k $12.8k 0.00% New
65 HBW ADVISORY SERVICES LLC 0.07% of their portfolio SIMI VALLEY, CA 23,81723.8k $761.9k $761.9k 0.07% Added +422 +422
66 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 22,41022.4k $716.9k $716.9k 0.01% Reduced -240 -240
67 Dynamic Advisor Solutions LLC 0.02% of their portfolio PHOENIX, AZ 22,37922.4k $715.9k $715.9k 0.02% New
68 CENTAURUS FINANCIAL, INC. 0.03% of their portfolio ANAHEIM, CA 22,01022.0k $704.0k $704.0k 0.03% Added +10.2k +10,190
69 Formidable Asset Management, LLC 0.10% of their portfolio CINCINNATI, OH 20,71620.7k $620.5k $620.5k 0.10% Added +1.4k +1,350
70 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 18,73118.7k $599.2k $599.2k 0.00% Added +18.3k +18,313
71 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 18,65018.6k $596.6k $596.6k 0.01% Added +6.0k +6,018
72 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 17,85417.9k $571.1k $571.1k 0.00% Added +1.2k +1,240
73 Focus Financial Network, Inc. 0.02% of their portfolio MINNEAPOLIS, MN 16,59916.6k $531.0k $531.0k 0.02% Reduced -7.9k -7,870
74 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 16,56016.6k $529.7k $529.7k 0.01% Reduced -58 -58
75 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 15,81515.8k $505.9k $505.9k 0.00% Reduced -15.5k -15,468
76 Van Diest Capital, LLC 0.42% of their portfolio POLY CITY, IA 14,78214.8k $472.9k $472.9k 0.42% Added +7.6k +7,578
77 Pine Valley Investments Ltd Liability Co 0.02% of their portfolio MARLTON, NJ 14,69214.7k $470.0k $470.0k 0.02% Added +222 +222
78 Trueblood Wealth Management, LLC 0.16% of their portfolio LIMA, OH 14,40914.4k $460.9k $460.9k 0.16% Added +80 +80
79 Higgins & Schmidt Wealth Strategies LLC 0.19% of their portfolio DENVER, CO 14,37614.4k $459.9k $459.9k 0.19% Added +1 +1
80 LaSalle St. Investment Advisors, LLC 0.06% of their portfolio ELMHURST, IL 14,30814.3k $457.7k $457.7k 0.06% Added +1.8k +1,762
81 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 13,99114.0k $442.7k $442.7k 0.00% Added +12.5k +12,489
82 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,91713.9k $445.2k $445.2k 0.00% New
83 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 13,65113.7k $436.7k $436.7k 0.00% Added +146 +146
84 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 13,54713.5k $433.4k $433.4k 0.01% Added +3.3k +3,285
85 Pinnacle Family Advisors, LLC 0.18% of their portfolio Springfield, MO 13,53213.5k $432.9k $432.9k 0.18% Added +3.9k +3,919
86 Ashton Thomas Private Wealth, LLC 0.01% of their portfolio SCOTTSDALE, AZ 11,68811.7k $373.9k $373.9k 0.01% Added +6.1k +6,094
87 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 11,01311.0k $352.3k $352.3k 0.00% Reduced -1.2k -1,214
88 CASCADE INVESTMENT GROUP, INC. 0.19% of their portfolio Colorado Springs, CO 10,79710.8k $345.4k $345.4k 0.19% New
89 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 10,38210.4k $332.1k $332.1k 0.00% Added +52 +52
90 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 10,12910.1k $324.0k $324.0k 0.01% Added +304 +304
91 Mariner, LLC 0.00% of their portfolio Overland Park, KS 9,6959.7k $310.1k $310.1k 0.00% Unchanged
92 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 9,5189.5k $304.5k $304.5k 0.00% New
93 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9,4829.5k $303.3k $303.3k 0.00% Reduced -197 -197
94 ABLE Financial Group, LLC 0.05% of their portfolio SCOTTSDALE, AZ 9,4799.5k $303.2k $303.2k 0.05% Added +1.0k +1,045
95 Richmond Investment Services, LLC 0.10% of their portfolio Mequon, WI 9,4029.4k $300.8k $300.8k 0.10% Reduced -10.2k -10,155
96 FSB PREMIER WEALTH MANAGEMENT, INC. 0.08% of their portfolio WATERLOO, IA 9,2189.2k $294.9k $294.9k 0.08% Reduced -120 -120
97 MEITAV INVESTMENT HOUSE LTD 0.00% of their portfolio BENE-BERAQ, L3 8,8938.9k $284.5k $284.5k 0.00% Unchanged
98 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 8,7858.8k $281.0k $281.0k 0.01% Added +115 +115
99 Fortis Capital Advisors, LLC 0.03% of their portfolio PRAIRIE VILLAGE, KS 8,7858.8k $281.0k $281.0k 0.03% Added +115 +115
100 Element Wealth, LLC 0.11% of their portfolio RIDGELAND, MS 8,7588.8k $280.2k $280.2k 0.11% Reduced -65 -65