Vault-13

FIRST TR EXCH TRD ALPHDX FD FEMS

EM SML CP ALPH · ETP · CUSIP 33737J307

63 institutional holders -5 vs Q1 2025
4,049,2454.0m shares reported held*
$164.5mreported value*
3 new 24 added 29 reduced 9 sold out net sold ≈ $27.9m (-686.1k 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 ≈ $40.62. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 48Q4 22: 59Q1 23: 74Q2 23: 70Q3 23: 72Q4 23: 78Q1 24: 72Q2 24: 76Q3 24: 74Q4 24: 70Q1 25: 68Q2 25: 6363Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202248
Q4 202259
Q1 202374
Q2 202370
Q3 202372
Q4 202378
Q1 202472
Q2 202476
Q3 202474
Q4 202470
Q1 202568
Q2 202563

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 39 bought or addedQ3 23: 30 cut or sold outQ4 23: 35 bought or addedQ4 23: 38 cut or sold outQ4 23Q1 24: 35 bought or addedQ1 24: 41 cut or sold outQ2 24: 35 bought or addedQ2 24: 36 cut or sold outQ2 24Q3 24: 36 bought or addedQ3 24: 31 cut or sold outQ4 24: 28 bought or addedQ4 24: 36 cut or sold outQ4 24Q1 25: 32 bought or addedQ1 25: 31 cut or sold outQ2 25: 27 bought or addedQ2 25: 38 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233930
Q4 20233538
Q1 20243541
Q2 20243536
Q3 20243631
Q4 20242836
Q1 20253231
Q2 20252738

Biggest buyers

OLD MISSION CAPITAL LLC Added +105,667+105.7k
Arax Advisory Partners Added +35,046+35.0k
JONES FINANCIAL COMPANIES LLLP Added +12,129+12.1k
ENVESTNET ASSET MANAGEMENT INC Added +5,914+5.9k
JANE STREET GROUP, LLC Added +5,576+5.6k
Western Wealth Management, LLC New +5,543+5.5k
Richmond Investment Services, LLC Added +5,440+5.4k
Merit Financial Group, LLC New +5,103+5.1k
Integrated Wealth Concepts LLC Added +5,004+5.0k
Trivium Point Advisory, LLC Added +3,196+3.2k

Biggest sellers

Cornerstone Planning Group LLC Reduced -233,097-233.1k
Steward Partners Investment Advisory, LLC Reduced -228,830-228.8k
WELLS FARGO & COMPANY/MN Reduced -117,893-117.9k
RAYMOND JAMES FINANCIAL INC Reduced -81,851-81.9k
MORGAN STANLEY Reduced -45,217-45.2k
Beta Wealth Group, Inc. Reduced -42,156-42.2k
FLOW TRADERS U.S. LLC Sold out -31,495-31.5k
ROYAL BANK OF CANADA Reduced -26,505-26.5k
LPL Financial LLC Reduced -16,380-16.4k
AVANTAX ADVISORY SERVICES, INC. Reduced -9,985-10.0k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 531,239531.2k $21.6m $21.6m 0.00% Reduced -45.2k -45,217
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 411,052411.1k $16.7m $16.7m 0.01% Reduced -16.4k -16,380
3 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 373,424373.4k $15.2m $15.2m 0.01% Reduced -81.9k -81,851
4 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 354,469354.5k $14.4m $14.4m 0.00% Reduced -117.9k -117,893
5 OLD MISSION CAPITAL LLC 0.26% of their portfolio CHICAGO, IL 236,826236.8k $9.6m $9.6m 0.26% Added +105.7k +105,667
6 Beta Wealth Group, Inc. 2.88% of their portfolio SAN DIEGO, CA 193,353193.4k $7.9m $7.9m 2.88% Reduced -42.2k -42,156
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 161,557161.6k $6.6m $6.6m 0.00% Added +652 +652
8 626 Financial, LLC 3.04% of their portfolio PORTAGE, MI 159,492159.5k $6.5m $6.5m 3.04% Reduced -381 -381
9 Arax Advisory Partners 0.23% of their portfolio NEW YORK, NY 124,370124.4k $5.1m $5.1m 0.23% Added +35.0k +35,046
10 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 118,955119.0k $4.8m $4.8m 0.05% Added +5.0k +5,004
11 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 110,274110.3k $4.5m $4.5m 0.02% Added +935 +935
12 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 103,755103.8k $4.2m $4.2m 0.00% Added +12.1k +12,129
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 83,23783.2k $3.4m $3.4m 0.00% Added +5.9k +5,914
14 Cornerstone Planning Group LLC 0.66% of their portfolio FAIRFIELD, NJ 77,61077.6k $3.2m $3.2m 0.66% Reduced -233.1k -233,097
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 70,16870.2k $2.9m $2.9m 0.00% Reduced -26.5k -26,505
16 Archer Investment Corp 0.65% of their portfolio Carmel, IN 67,17167.2k $2.7m $2.7m 0.65% Added +93 +93
17 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 66,14466.1k $2.7m $2.7m 0.01% Reduced -5.9k -5,902
18 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 63,45263.5k $2.6m $2.6m 0.01% Reduced -6.0k -6,042
19 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 62,34462.3k $2.5m $2.5m 0.00% Reduced -1.0k -1,033
20 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 59,99360.0k $2.4m $2.4m 0.00% Added +1.9k +1,885
21 Trivium Point Advisory, LLC 0.26% of their portfolio WILTON, CT 59,74559.7k $2.4m $2.4m 0.26% Added +3.2k +3,196
22 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 46,90546.9k $1.9m $1.9m 0.00% Added +757 +757
23 Quad-Cities Investment Group, LLC 0.84% of their portfolio DAVENPORT, IA 45,37645.4k $1.8m $1.8m 0.84% Added +382 +382
24 VestGen Advisors, LLC 0.07% of their portfolio CHICAGO, IL 42,19142.2k $1.7m $1.7m 0.07% Reduced -450 -450
25 HBW ADVISORY SERVICES LLC 0.17% of their portfolio SIMI VALLEY, CA 34,92734.9k $1.4m $1.4m 0.17% Added +1.5k +1,522
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 31,17231.2k $1.3m $1.3m 0.00% Added +5.6k +5,576
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 31,08531.1k $1.3m $1.3m 0.00% Added +218 +218
28 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 30,78330.8k $1.3m $1.3m 0.00% Added +739 +739
29 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 24,86224.9k $1.0m $1.0m 0.00% Reduced -780 -780
30 WORLD EQUITY GROUP, INC. 0.27% of their portfolio SCHAUMBURG, IL 24,63424.6k $1.0m $1.0m 0.27% Added +1.3k +1,332
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 23,89223.9k $970.3k $970.3k 0.00% Reduced -138 -138
32 SFI Advisors, LLC 0.57% of their portfolio Montclair, NJ 20,34020.3k $826.0k $826.0k 0.57% Reduced -522 -522
33 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 19,63519.6k $797.4k $797.4k 0.01% Added +454 +454
34 CWM, LLC 0.00% of their portfolio OMAHA, NE 19,52919.5k $793.0k $793.0k 0.00% Added +247 +247
35 LeClair Wealth Partners LLC 0.51% of their portfolio DUBLIN, OH 18,51418.5k $751.9k $751.9k 0.51% Reduced -9.8k -9,820
36 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 16,33416.3k $663.0k $663.0k 0.00% Reduced -8.6k -8,628
37 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 14,95615.0k $607.0k $607.0k 0.00% Reduced -244 -244
38 RVW Wealth, LLC 0.05% of their portfolio LOS ANGELES, CA 13,60213.6k $552.4k $552.4k 0.05% Reduced -1.9k -1,873
39 Richmond Investment Services, LLC 0.09% of their portfolio Mequon, WI 10,86410.9k $441.2k $441.2k 0.09% Added +5.4k +5,440
40 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 10,59210.6k $430.0k $430.0k 0.00% Reduced -1.1k -1,109
41 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.03% of their portfolio CEDAR RAPIDS, IA 9,8069.8k $398.2k $398.2k 0.03% Added +608 +608
42 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 7,8107.8k $317.2k $317.2k 0.00% Reduced -10.0k -9,985
43 STONEHAVEN WEALTH & TAX SOLUTIONS, LLC 0.31% of their portfolio APPLETON, WI 7,8107.8k $317.2k $317.2k 0.31% Reduced -2.8k -2,844
44 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 7,7447.7k $314.5k $314.5k 0.00% Reduced -8.0k -7,967
45 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 5,9355.9k $241.0k $241.0k 0.02% Added +508 +508
46 Western Wealth Management, LLC 0.01% of their portfolio GOLDEN, CO 5,5435.5k $225.1k $225.1k 0.01% New
47 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 5,4325.4k $220.6k $220.6k 0.00% Added +658 +658
48 American Financial Advisors, LLC 0.03% of their portfolio Marietta, GA 5,2325.2k $212.5k $212.5k 0.03% Reduced -210 -210
49 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 5,1035.1k $207.2k $207.2k 0.00% New
50 Pinnacle Bancorp, Inc. 0.06% of their portfolio BEATRICE, NE 4,8804.9k $198.2k $198.2k 0.06% Unchanged
51 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 4,1384.1k $168.0k $168.0k 0.01% Reduced -772 -772
52 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,9834.0k $161.8k $161.8k 0.00% Reduced -228.8k -228,830
53 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,8221.8k $74.0k $74.0k 0.00% Reduced -26 -26
54 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 1,4941.5k $60.7k $60.7k 0.00% New
55 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,3111.3k $53.2k $53.2k 0.00% First filing
56 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,0661.1k $43.3k $43.3k 0.00% Reduced -533 -533
57 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 373373 $15.1k $15.1k 0.00% Unchanged
58 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 326326 $13.2k $13.2k 0.00% Added +269 +269
59 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 210210 $8.5k $8.5k 0.00% Unchanged
60 Harbor Asset Planning, Inc. 0.01% of their portfolio BELMONT, MA 172172 $7.0k $7.0k 0.01% First filing
61 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 135135 $5.5k $5.5k 0.00% Unchanged
62 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 9797 $4.0k $4.0k 0.00% Reduced -259 -259
63 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged