Vault-13

FIRST TR EXCHANGE-TRADED ALP FYC

SML CP GRW ALP · ETP · CUSIP 33737M300

139 institutional holders +23 vs Q3 2025
5,528,8765.5m shares reported held*
$533.8mreported value*
23 new 58 added 31 reduced 8 sold out net bought ≈ $67.7m (+704.8k 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 ≈ $96.55.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 73Q4 22: 72Q1 23: 73Q2 23: 68Q3 23: 69Q4 23: 78Q1 24: 76Q2 24: 80Q3 24: 88Q4 24: 109Q1 25: 107Q2 25: 106Q3 25: 116Q4 25: 139139Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202273
Q4 202272
Q1 202373
Q2 202368
Q3 202369
Q4 202378
Q1 202476
Q2 202480
Q3 202488
Q4 2024109
Q1 2025107
Q2 2025106
Q3 2025116
Q4 2025139

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 34 bought or addedQ1 24: 39 cut or sold outQ2 24: 35 bought or addedQ2 24: 31 cut or sold outQ2 24Q3 24: 48 bought or addedQ3 24: 27 cut or sold outQ4 24: 72 bought or addedQ4 24: 25 cut or sold outQ4 24Q1 25: 56 bought or addedQ1 25: 50 cut or sold outQ2 25: 44 bought or addedQ2 25: 56 cut or sold outQ2 25Q3 25: 68 bought or addedQ3 25: 38 cut or sold outQ4 25: 81 bought or addedQ4 25: 39 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243439
Q2 20243531
Q3 20244827
Q4 20247225
Q1 20255650
Q2 20254456
Q3 20256838
Q4 20258139

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $1.8mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$1.8m$00.00
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

LPL Financial LLC Added +356,030+356.0k
RAYMOND JAMES FINANCIAL INC Added +114,644+114.6k
WELLS FARGO & COMPANY/MN Added +81,435+81.4k
MORGAN STANLEY Added +41,469+41.5k
GREENUP STREET WEALTH MANAGEMENT LLC New +40,514+40.5k
Cambridge Investment Research Advisors, Inc. Added +34,701+34.7k
Cetera Investment Advisers Added +30,536+30.5k
UBS Group AG Added +27,941+27.9k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +23,944+23.9k
ROYAL BANK OF CANADA Added +20,178+20.2k

Biggest sellers

NEW WAVE WEALTH ADVISORS LLC Reduced -94,172-94.2k
Brueske Advisory Services, LLC Sold out -86,960-87.0k
FIRST TRUST ADVISORS LP Reduced -29,436-29.4k
Kingsview Wealth Management, LLC Reduced -26,828-26.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -20,308-20.3k
Redhawk Wealth Advisors, Inc. Reduced -15,004-15.0k
MONEYWISE, INC. Reduced -12,961-13.0k
JANE STREET GROUP, LLC Reduced -12,372-12.4k
US BANCORP \DE\ Reduced -7,204-7.2k
Rockefeller Capital Management L.P. Reduced -3,500-3.5k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,183,6301.2m $113.8m $113.8m 0.03% Added +356.0k +356,030
2 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 438,885438.9k $42.2m $42.2m 0.01% Added +114.6k +114,644
3 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 363,672363.7k $35.0m $35.0m 0.01% Added +81.4k +81,435
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 293,292293.3k $28.2m $28.2m 0.00% Added +41.5k +41,469
5 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 255,008255.0k $24.5m $24.5m 0.03% Added +30.5k +30,536
6 FIRST TRUST ADVISORS LP 0.02% of their portfolio Wheaton, IL 216,354216.4k $20.8m $20.8m 0.02% Reduced -29.4k -29,436
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 201,514201.5k $19.4m $19.4m 0.00% Added +6.4k +6,360
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 163,957164.0k $15.8m $15.8m 0.00% Added +20.2k +20,178
9 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 159,095159.1k $15.3m $15.3m 0.00% Added +12.7k +12,739
10 ECLECTIC ASSOCIATES INC /ADV 2.31% of their portfolio FULLERTON, CA 153,918153.9k $14.8m $14.8m 2.31% Added +3.9k +3,916
11 Richmond Investment Services, LLC 2.38% of their portfolio Mequon, WI 143,085143.1k $13.8m $13.8m 2.38% Added +3.6k +3,584
12 NEW WAVE WEALTH ADVISORS LLC 3.81% of their portfolio SPRINGDALE, AR 108,354108.4k $10.4m $10.4m 3.81% Reduced -94.2k -94,172
13 Concurrent Investment Advisors, LLC 0.11% of their portfolio Tampa, FL 99,28199.3k $9.5m $9.5m 0.11% Added +643 +643
14 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 93,13893.1k $9.0m $9.0m 0.01% Added +19.2k +19,190
15 IFP Advisors, Inc 0.19% of their portfolio TAMPA, FL 88,81688.8k $8.5m $8.5m 0.19% Reduced -552 -552
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 84,25684.3k $8.1m $8.1m 0.00% Added +27.9k +27,941
17 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 81,84381.8k $7.9m $7.9m 0.02% Added +34.7k +34,701
18 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 76,76976.8k $7.4m $7.4m 0.00% Added +13.4k +13,368
19 Bedel Financial Consulting, Inc. 0.77% of their portfolio INDIANAPOLIS, IN 74,44274.4k $7.2m $7.2m 0.77% Added +812 +812
20 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 66,70366.7k $6.4m $6.4m 0.02% Added +850 +850
21 Equitable Holdings, Inc. 0.04% of their portfolio NEW YORK, NY 55,87655.9k $5.4m $5.4m 0.04% Reduced -3.3k -3,255
22 Redhawk Wealth Advisors, Inc. 0.52% of their portfolio MINNEAPOLIS, MN 48,56948.6k $4.7m $4.7m 0.52% Reduced -15.0k -15,004
23 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 47,73647.7k $4.6m $4.6m 0.05% Reduced -5 -5
24 Financial Management, Inc. 4.25% of their portfolio LITTLE ROCK, AR 46,51146.5k $4.5m $4.5m 4.25% First filing
25 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 45,03745.0k $4.3m $4.3m 0.01% Added +15.6k +15,631
26 Kingsview Wealth Management, LLC 0.06% of their portfolio GRANTS PASS, OR 44,51044.5k $4.3m $4.3m 0.06% Reduced -26.8k -26,828
27 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 43,32943.3k $4.2m $4.2m 0.00% Added +23.9k +23,944
28 GREENUP STREET WEALTH MANAGEMENT LLC 0.56% of their portfolio OVERLAND PARK, KS 40,51440.5k $3.9m $3.9m 0.56% New
29 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 38,97339.0k $3.7m $3.7m 0.00% Added +6.0k +6,042
30 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 35,14635.1k $3.4m $3.4m 0.00% Reduced -12.4k -12,372
31 Paller Financial Services Inc 2.51% of their portfolio CENTENNIAL, CO 32,56332.6k $3.1m $3.1m 2.51% First filing
32 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 29,52329.5k $2.8m $2.8m 0.00% Added +13.1k +13,139
33 VISTA INVESTMENT PARTNERS II, LLC 1.08% of their portfolio RICHMOND, IN 25,96126.0k $2.5m $2.5m 1.08% Added +8.4k +8,362
34 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 25,92325.9k $2.5m $2.5m 0.01% Added +17.9k +17,943
35 Pursuit Wealth Management LLC 1.98% of their portfolio Palm Beach Gardens, FL 24,01324.0k $2.3m $2.3m 1.98% First filing
36 HFG Advisors, Inc. 1.59% of their portfolio CINCINATTI, OH 22,83122.8k $2.2m $2.2m 1.59% Added +533 +533
37 HARBOUR INVESTMENTS, INC. 0.04% of their portfolio MADISON, WI 20,98821.0k $2.0m $2.0m 0.04% Added +1.4k +1,437
38 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 20,64020.6k $2.0m $2.0m 0.01% Added +2.5k +2,541
39 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 20,51920.5k $2.0m $2.0m 0.00% Reduced -82 -82
40 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 20,32120.3k $2.0m $2.0m 0.00% Reduced -7.2k -7,204
41 Certified Advisory Corp 0.17% of their portfolio ALTAMONTE SPRINGS, FL 19,19419.2k $1.8m $1.8m 0.17% Reduced -279 -279
42 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 18,16218.2k $1.7m $1.7m 0.00% Added +14.0k +13,983
43 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 17,70917.7k $1.7m $1.7m 0.01% Reduced -149 -149
44 FOUNDERS FINANCIAL SECURITIES LLC 0.10% of their portfolio TOWSON, MD 17,56017.6k $1.7m $1.7m 0.10% New
45 Empirical Asset Management, LLC 0.45% of their portfolio WELLESLEY, MA 16,63516.6k $1.6m $1.6m 0.45% Added +6.5k +6,490
46 MTM Investment Management, LLC 0.48% of their portfolio SPARTANBURG, SC 15,75315.8k $1.5m $1.5m 0.48% Unchanged
47 Geneos Wealth Management Inc. 0.03% of their portfolio ENGLEWOOD, CO 14,49514.5k $1.4m $1.4m 0.03% Added +562 +562
48 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 14,22114.2k $1.4m $1.4m 0.01% New
49 MONECO ADVISORS, LLC 0.10% of their portfolio FAIRFIELD, CT 13,70313.7k $1.3m $1.3m 0.10% Reduced -147 -147
50 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 13,61413.6k $1.3m $1.3m 0.00% Added +3.8k +3,764
51 Quantum Portfolio Management LLC 0.56% of their portfolio NEW YORK, NY 13,28913.3k $1.3m $1.3m 0.56% Reduced -3.1k -3,055
52 MONEYWISE, INC. 0.51% of their portfolio FOREST, VA 12,73812.7k $1.2m $1.2m 0.51% Reduced -13.0k -12,961
53 Warner Group LLC 0.69% of their portfolio MADISON, CT 11,70611.7k $1.1m $1.1m 0.69% Added +9.2k +9,226
54 Western Wealth Management, LLC 0.05% of their portfolio GOLDEN, CO 10,98111.0k $1.1m $1.1m 0.05% Added +2.2k +2,249
55 Proactive Wealth Strategies LLC 0.42% of their portfolio MARIETTA, GA 10,90510.9k $1.0m $1.0m 0.42% Added +1.3k +1,260
56 Ameritas Investment Partners, Inc. 0.03% of their portfolio LINCOLN, NE 10,59010.6k $1.0m $1.0m 0.03% Added +200 +200
57 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 10,37910.4k $997.6k $997.6k 0.01% Added +228 +228
58 Brookwood Investment Group LLC 0.11% of their portfolio PHOENIX, AZ 9,7889.8k $940.8k $940.8k 0.11% New
59 Private Advisory Group LLC 0.07% of their portfolio REDMOND, WA 9,5579.6k $918.6k $918.6k 0.07% New
60 Ferguson Shapiro LLC 0.28% of their portfolio DECATUR, GA 9,4119.4k $904.6k $904.6k 0.28% Added +805 +805
61 Strategic Equity Management 0.31% of their portfolio TUCSON, AZ 9,3749.4k $901.0k $901.0k 0.31% Reduced -769 -769
62 Independent Wealth Network Inc. 0.27% of their portfolio URBANDALE, IA 9,3429.3k $898.0k $898.0k 0.27% Added +67 +67
63 Gateway Wealth Partners, LLC 0.09% of their portfolio APPLETON, WI 8,7548.8k $841.4k $841.4k 0.09% Added +127 +127
64 Sylvest Advisors, LLC 0.43% of their portfolio DALLAS, TX 8,4058.4k $807.9k $807.9k 0.43% Added +229 +229
65 WILLNER & HELLER, LLC 0.56% of their portfolio ENCINO, CA 8,1118.1k $779.6k $779.6k 0.56% Added +666 +666
66 Index Technologies Group LLC 0.81% of their portfolio NEW YORK, NY 8,0758.1k $776.2k $776.2k 0.81% First filing
67 Wedmont Private Capital 0.03% of their portfolio WEST CHESTER, PA 7,6247.6k $761.2k $761.2k 0.03% Unchanged
68 Clear Point Advisors Inc. 0.56% of their portfolio MELVILLE, NY 7,5227.5k $723.0k $723.0k 0.56% Reduced -231 -231
69 Dunhill Financial, LLC 0.17% of their portfolio LONDON, X0 7,0567.1k $678.2k $678.2k 0.17% Unchanged
70 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 6,4826.5k $623.0k $623.0k 0.01% Added +2.2k +2,208
71 WORLD EQUITY GROUP, INC. 0.17% of their portfolio SCHAUMBURG, IL 6,1626.2k $592.3k $592.3k 0.17% Reduced -39 -39
72 COMERICA BANK 0.00% of their portfolio DALLAS, TX 5,9235.9k $569.3k $569.3k 0.00% Added +2.1k +2,127
73 MGB Wealth Management, LLC 0.14% of their portfolio ADDISON, TX 5,0505.0k $485.4k $485.4k 0.14% New
74 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 4,9204.9k $472.9k $472.9k 0.01% Reduced -874 -874
75 Advisor Resource Council 0.17% of their portfolio DALLAS, TX 4,6654.7k $471.6k $471.6k 0.17% New
76 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 4,4904.5k $435.4k $435.4k 0.00% Reduced -652 -652
77 Echo Wealth Management, LLC 0.25% of their portfolio PLYMOUTH, MN 4,4894.5k $431.5k $431.5k 0.25% New
78 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 4,1844.2k $402.2k $402.2k 0.00% Added +397 +397
79 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 4,1564.2k $399.0k $399.0k 0.00% Added +787 +787
80 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 3,9173.9k $376.5k $376.5k 0.01% Unchanged
81 Ashton Thomas Private Wealth, LLC 0.01% of their portfolio SCOTTSDALE, AZ 3,8973.9k $374.6k $374.6k 0.01% Added +317 +317
82 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 3,8883.9k $373.7k $373.7k 0.00% Reduced -13 -13
83 Waterfront Wealth Inc. 0.07% of their portfolio OVERLAND PARK, KS 3,7553.8k $384.2k $384.2k 0.07% Added +485 +485
84 RHODES INVESTMENT ADVISORS INC /ADV 0.28% of their portfolio FORT WORTH, TX 3,6153.6k $347.5k $347.5k 0.28% First filing
85 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 3,4393.4k $330.6k $330.6k 0.01% New
86 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 3,4253.4k $329.2k $329.2k 0.00% Reduced -834 -834
87 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 3,3413.3k $321.1k $321.1k 0.00% Added +762 +762
88 BARNES PETTEY FINANCIAL ADVISORS, LLC 0.16% of their portfolio CLARKSDALE, MS 3,3173.3k $318.8k $318.8k 0.16% New
89 Fulcrum Equity Management 0.30% of their portfolio PLANO, TX 3,2743.3k $314.7k $314.7k 0.30% New
90 Cornerstone Wealth Management, LLC 0.02% of their portfolio ST. PETERS, MO 3,2113.2k $308.7k $308.7k 0.02% Reduced -37 -37
91 PFG Advisors 0.01% of their portfolio Phoenix, AZ 3,1743.2k $305.1k $305.1k 0.01% Added +139 +139
92 Pinnacle Bancorp, Inc. 0.08% of their portfolio BEATRICE, NE 2,8262.8k $271.6k $271.6k 0.08% Unchanged
93 Mariner, LLC 0.00% of their portfolio Overland Park, KS 2,8252.8k $271.6k $271.6k 0.00% Added +326 +326
94 CARLSON FINANCIAL, INC. 0.16% of their portfolio CANBY, OR 2,8032.8k $269.4k $269.4k 0.16% First filing
95 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 2,7702.8k $277.7k $277.7k 0.00% Added +471 +471
96 Wagner Wealth Management, LLC 0.06% of their portfolio GREENVILLE, SC 2,7192.7k $261.3k $261.3k 0.06% Reduced -20 -20
97 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 2,6112.6k $251.0k $251.0k 0.02% Added +367 +367
98 GREAT VALLEY ADVISOR GROUP, INC. 0.00% of their portfolio WILMINGTON, DE 2,5982.6k $249.3k $249.3k 0.00% Reduced -79 -79
99 Plotkin Financial Advisors, LLC 0.12% of their portfolio CHEVY CHASE, MD 2,5832.6k $248.3k $248.3k 0.12% Unchanged
100 WEALTH EFFECTS LLC 0.08% of their portfolio BOSTON, MA 2,5502.5k $245.1k $245.1k 0.08% Reduced -305 -305