Vault-13

FIRST TR EXCHANGE-TRADED FD EMLP

NO AMER ENERGY · ETP · CUSIP 33738D101

374 institutional holders +14 vs Q3 2025
67,620,09667.6m shares reported held*
$2.6bnreported value*
27 new 150 added 123 reduced 20 sold out net sold ≈ $28.4m (-662.7k 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 ($7.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.83.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 283Q4 22: 303Q1 23: 285Q2 23: 292Q3 23: 283Q4 23: 284Q1 24: 288Q2 24: 301Q3 24: 313Q4 24: 344Q1 25: 349Q2 25: 370Q3 25: 360Q4 25: 374374Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022283
Q4 2022303
Q1 2023285
Q2 2023292
Q3 2023283
Q4 2023284
Q1 2024288
Q2 2024301
Q3 2024313
Q4 2024344
Q1 2025349
Q2 2025370
Q3 2025360
Q4 2025374

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 135 bought or addedQ1 24: 133 cut or sold outQ2 24: 125 bought or addedQ2 24: 132 cut or sold outQ2 24Q3 24: 139 bought or addedQ3 24: 144 cut or sold outQ4 24: 175 bought or addedQ4 24: 120 cut or sold outQ4 24Q1 25: 179 bought or addedQ1 25: 132 cut or sold outQ2 25: 176 bought or addedQ2 25: 137 cut or sold outQ2 25Q3 25: 170 bought or addedQ3 25: 149 cut or sold outQ4 25: 177 bought or addedQ4 25: 143 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024135133
Q2 2024125132
Q3 2024139144
Q4 2024175120
Q1 2025179132
Q2 2025176137
Q3 2025170149
Q4 2025177143

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ1 25 calls: $232.4kQ1 25 puts: $3.7kQ1 25P/C 0.02Q2 25 calls: $397.6kQ2 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$232.4k$3.7k0.02
Q2 2025$397.6k$00.00
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

MORGAN STANLEY Added +591,927+591.9k
Cresset Asset Management, LLC Added +280,073+280.1k
Capital Investment Advisors, LLC Added +224,827+224.8k
Corient Private Wealth LP Added +190,947+190.9k
AMERIPRISE FINANCIAL INC Added +88,007+88.0k
Rockefeller Capital Management L.P. Added +76,535+76.5k
BANK OF AMERICA CORP /DE/ Added +75,539+75.5k
M&T Bank Corp Added +69,904+69.9k
TrueWealth Financial Partners New +64,506+64.5k
WELLS FARGO & COMPANY/MN Added +64,337+64.3k

Biggest sellers

Cerity Partners OCIO LLC Reduced -1,294,818-1.3m
Arvest Bank Trust Division Reduced -496,598-496.6k
Forefront Wealth Partners, LLC Sold out -259,434-259.4k
JPMORGAN CHASE & CO Reduced -251,079-251.1k
ARVEST INVESTMENTS, INC. Sold out -168,447-168.4k
FLPUTNAM INVESTMENT MANAGEMENT CO Reduced -107,478-107.5k
Sanctuary Advisors, LLC Reduced -72,186-72.2k
ENVESTNET ASSET MANAGEMENT INC Reduced -55,417-55.4k
WORLD EQUITY GROUP, INC. Sold out -53,971-54.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -52,642-52.6k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 18,510,51718.5m $701.0m $701.0m 0.04% Added +591.9k +591,927
2 Capital Investment Advisors, LLC 2.42% of their portfolio ATLANTA, GA 4,189,6594.2m $158.7m $158.7m 2.42% Added +224.8k +224,827
3 AlTi Global, Inc. 2.33% of their portfolio NEW YORK, NY 2,869,6962.9m $108.7m $108.7m 2.33% Added +7.3k +7,313
4 Cresset Asset Management, LLC 0.44% of their portfolio Chicago, IL 2,711,7382.7m $102.7m $102.7m 0.44% Added +280.1k +280,073
5 Glenview Trust Co 1.46% of their portfolio Louisville, KY 2,494,5162.5m $94.5m $94.5m 1.46% Reduced -22.3k -22,337
6 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,467,5012.5m $93.4m $93.4m 0.03% Reduced -39.4k -39,392
7 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,349,0112.3m $89.0m $89.0m 0.02% Added +64.3k +64,337
8 Wealthspire Advisors, LLC 0.65% of their portfolio NEW YORK, NY 2,165,0192.2m $82.0m $82.0m 0.65% Added +51.8k +51,817
9 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,126,8772.1m $80.5m $80.5m 0.01% Added +75.5k +75,539
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,492,4571.5m $56.5m $56.5m 0.01% Added +38.0k +37,954
11 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,349,5001.3m $51.1m $51.1m 0.01% Reduced -31.3k -31,262
12 GLENMEDE TRUST CO NA 0.19% of their portfolio PHILADELPHIA, PA 1,055,4651.1m $40.0m $40.0m 0.19% First filing
13 Welch & Forbes LLC 0.48% of their portfolio Boston, MA 1,040,6991.0m $39.4m $39.4m 0.48% Reduced -13.5k -13,484
14 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 967,390967.4k $36.6m $36.6m 0.07% Added +76.5k +76,535
15 Disciplina Capital Management LLC 4.04% of their portfolio NASHVILLE, TN 932,032932.0k $35.3m $35.3m 4.04% Added +18.8k +18,798
16 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 805,935805.9k $30.5m $30.5m 0.04% Added +46.3k +46,305
17 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 785,351785.4k $29.7m $29.7m 0.01% Added +23.5k +23,453
18 Mariner, LLC 0.03% of their portfolio Overland Park, KS 749,392749.4k $28.4m $28.4m 0.03% Reduced -12.2k -12,179
19 Lee Financial Co 3.62% of their portfolio Dallas, TX 707,822707.8k $26.8m $26.8m 3.62% Reduced -22.1k -22,067
20 Jaffetilchin Investment Partners, LLC 1.42% of their portfolio TAMPA, FL 642,765642.8k $24.3m $24.3m 1.42% Reduced -5.3k -5,316
21 ALTFEST L J & CO INC 2.37% of their portfolio NEW YORK, NY 572,085572.1k $21.7m $21.7m 2.37% Reduced -9.8k -9,813
22 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 563,502563.5k $21.3m $21.3m 0.02% Reduced -323 -323
23 Cerity Partners OCIO LLC 1.17% of their portfolio New York, NY 560,187560.2k $21.2m $21.2m 1.17% Reduced -1.3m -1,294,818
24 Modern Wealth Management, LLC 0.37% of their portfolio KANSAS CITY, MO 534,308534.3k $20.2m $20.2m 0.37% Added +15.0k +15,005
25 Barry Investment Advisors, LLC 3.90% of their portfolio NEW BEDFORD, MA 462,367462.4k $17.5m $17.5m 3.90% Added +14.9k +14,910
26 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 392,209392.2k $14.9m $14.9m 0.00% Reduced -55.4k -55,417
27 KESTRA PRIVATE WEALTH SERVICES, LLC 0.18% of their portfolio AUSTIN, TX 385,236385.2k $14.6m $14.6m 0.18% Added +12.1k +12,113
28 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 317,782317.8k $12.0m $12.0m 0.05% Added +25.8k +25,812
29 New England Private Wealth Advisors LLC 1.46% of their portfolio WELLESLEY, MA 310,112310.1k $11.7m $11.7m 1.46% Added +6.5k +6,474
30 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 296,228296.2k $7.9m $7.9m 0.01% Added +190.9k +190,947
31 Arkos Global Advisors 1.40% of their portfolio HOUSTON, TX 287,832287.8k $10.9m $10.9m 1.40% Added +5.5k +5,548
32 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 279,965280.0k $10.6m $10.6m 0.01% Added +4.9k +4,893
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 276,745276.7k $10.5m $10.5m 0.00% Reduced -251.1k -251,079
34 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 268,495268.5k $10.2m $10.2m 0.01% Added +10.4k +10,368
35 Vernal Point Advisors, LLC 4.06% of their portfolio San Francisco, CA 260,022260.0k $9.8m $9.8m 4.06% Added +35.4k +35,420
36 UMB Bank, n.a. 0.12% of their portfolio Kansas City, MO 244,802244.8k $9.3m $9.3m 0.12% Reduced -9.2k -9,168
37 Prasad Wealth Partners, LLC 2.25% of their portfolio INDEPENDENCE, OH 222,641222.6k $8.4m $8.4m 2.25% Reduced -6.4k -6,420
38 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 219,971220.0k $8.3m $8.3m 0.02% Reduced -11.8k -11,845
39 Nvest Wealth Strategies, Inc. 6.12% of their portfolio POWELL, OH 218,533218.5k $8.3m $8.3m 6.12% First filing
40 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 218,303218.3k $8.3m $8.3m 0.04% Added +13.4k +13,391
41 PARK NATIONAL CORP /OH/ 0.25% of their portfolio NEWARK, OH 207,581207.6k $7.9m $7.9m 0.25% Added +2.7k +2,658
42 Strategic Wealth Partners, Ltd. 0.53% of their portfolio INDEPENDENCE, OH 204,551204.6k $7.7m $7.7m 0.53% Added +19.9k +19,945
43 Ashton Thomas Private Wealth, LLC 0.19% of their portfolio SCOTTSDALE, AZ 202,068202.1k $7.7m $7.7m 0.19% Reduced -4.3k -4,345
44 Beacon Pointe Advisors, LLC 0.05% of their portfolio NEWPORT BEACH, CA 200,344200.3k $7.6m $7.6m 0.05% Reduced -175 -175
45 Crusonia Wealth Advisors LLC 1.66% of their portfolio DENVER, CO 198,616198.6k $7.5m $7.5m 1.66% First filing
46 FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC 0.38% of their portfolio Greenbrae, CA 195,969196.0k $7.4m $7.4m 0.38% Reduced -22.7k -22,722
47 Pinnacle Wealth Planning Services, Inc. 0.75% of their portfolio MANSFIELD, OH 190,334190.3k $7.2m $7.2m 0.75% Added +14.7k +14,739
48 IHT Wealth Management, LLC 0.17% of their portfolio Chicago, IL 182,129182.1k $6.9m $6.9m 0.17% Added +7.3k +7,323
49 B. Riley Wealth Advisors, Inc. 0.32% of their portfolio MEMPHIS, TN 178,744178.7k $6.8m $6.8m 0.32% Added +13.7k +13,711
50 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 176,532176.5k $6.7m $6.7m 0.00% Added +88.0k +88,007
51 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 174,070174.1k $6.6m $6.6m 0.01% Added +1.8k +1,785
52 Hobart Private Capital, LLC 1.28% of their portfolio CHARLOTTE, NC 173,203173.2k $6.6m $6.6m 1.28% Reduced -7.8k -7,812
53 COMERICA BANK 0.03% of their portfolio DALLAS, TX 169,175169.2k $6.4m $6.4m 0.03% Added +1.5k +1,517
54 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 163,133163.1k $6.2m $6.2m 0.02% Added +8.7k +8,680
55 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 145,004145.0k $5.5m $5.5m 0.01% Added +1.0k +1,032
56 New Republic Capital, LLC 1.39% of their portfolio CHARLOTTE, NC 137,097137.1k $5.2m $5.2m 1.39% Added +22.6k +22,614
57 APPLETON PARTNERS INC/MA 0.32% of their portfolio BOSTON, MA 128,625128.6k $4.9m $4.9m 0.32% Added +1.2k +1,175
58 GenTrust, LLC 0.20% of their portfolio MIAMI, FL 124,269124.3k $4.7m $4.7m 0.20% Reduced -18.7k -18,655
59 Prime Capital Investment Advisors, LLC 0.06% of their portfolio OVERLAND PARK, KS 122,070122.1k $4.6m $4.6m 0.06% Added +6.5k +6,503
60 Focus Financial Network, Inc. 0.16% of their portfolio MINNEAPOLIS, MN 120,067120.1k $4.5m $4.5m 0.16% Added +8.9k +8,923
61 HBW ADVISORY SERVICES LLC 0.49% of their portfolio SIMI VALLEY, CA 119,417119.4k $4.5m $4.5m 0.49% Added +941 +941
62 BEACON FINANCIAL GROUP 0.43% of their portfolio DALLAS, TX 114,490114.5k $4.3m $4.3m 0.43% Reduced -5.3k -5,286
63 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 108,288108.3k $4.1m $4.1m 0.00% Added +30.2k +30,217
64 M&T Bank Corp 0.01% of their portfolio BUFFALO, NY 107,432107.4k $4.1m $4.1m 0.01% Added +69.9k +69,904
65 FLAGSTAR SECURITIES, INC 1.36% of their portfolio New York, NY 107,108107.1k $4.1m $4.1m 1.36% Reduced -4.2k -4,233
66 Chicago Partners Investment Group LLC 0.10% of their portfolio CHICAGO, IL 105,804105.8k $4.2m $4.2m 0.10% Reduced -6.2k -6,242
67 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 101,700101.7k $3.9m $3.9m 0.01% Added +14.0k +14,004
68 DAYMARK WEALTH PARTNERS, LLC 0.12% of their portfolio CINCINNATI, OH 99,35999.4k $3.8m $3.8m 0.12% Reduced -15.5k -15,487
69 FLPUTNAM INVESTMENT MANAGEMENT CO 0.05% of their portfolio PORTLAND, ME 98,51098.5k $3.7m $3.7m 0.05% Reduced -107.5k -107,478
70 Atlantic Union Bankshares Corp 0.07% of their portfolio GLEN ALLEN, VA 98,24698.2k $3.7m $3.7m 0.07% Reduced -6.4k -6,378
71 Kingsview Wealth Management, LLC 0.05% of their portfolio GRANTS PASS, OR 91,75591.8k $3.5m $3.5m 0.05% Added +6.4k +6,441
72 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 91,62991.6k $3.5m $3.5m 0.01% Added +3.4k +3,400
73 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 91,58291.6k $3.5m $3.5m 0.02% Added +5.3k +5,326
74 BENJAMIN EDWARDS INC 0.04% of their portfolio Clayton, MO 89,60189.6k $3.4m $3.4m 0.04% Added +4.4k +4,435
75 Snowden Capital Advisors LLC 0.08% of their portfolio New York, NY 86,13186.1k $3.3m $3.3m 0.08% Reduced -4.6k -4,559
76 CoreCap Advisors, LLC 0.11% of their portfolio SOUTHFIELD, MI 84,81884.8k $3.2m $3.2m 0.11% Added +1.5k +1,455
77 Keystone Financial Group, Inc. 1.64% of their portfolio ATLANTA, GA 82,48282.5k $3.1m $3.1m 1.64% Added +2.5k +2,536
78 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 80,11380.1k $3.0m $3.0m 0.00% Added +7.1k +7,147
79 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 78,93178.9k $3.0m $3.0m 0.02% Added +3.5k +3,466
80 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 78,80278.8k $3.0m $3.0m 0.02% Added +23.5k +23,487
81 Prospera Financial Services Inc 0.05% of their portfolio Dallas, TX 78,20678.2k $3.0m $3.0m 0.05% Reduced -18.5k -18,478
82 Summit Trail Advisors, LLC 0.05% of their portfolio NEW YORK, NY 78,06778.1k $3.0m $3.0m 0.05% Added +12.9k +12,866
83 ARQ WEALTH ADVISORS, LLC 0.79% of their portfolio SCOTTSDALE, AZ 77,48277.5k $2.9m $2.9m 0.79% Added +2.8k +2,818
84 Prosperity Consulting Group, LLC 0.13% of their portfolio OWINGS MILLS, MD 74,55674.6k $2.8m $2.8m 0.13% Reduced -1.8k -1,778
85 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 73,69673.7k $2.8m $2.8m 0.02% Reduced -72.2k -72,186
86 Continuum Advisory, LLC 0.28% of their portfolio EAGLE, ID 73,17373.2k $2.8m $2.8m 0.28% Added +3.5k +3,506
87 Crumly & Associates Inc. 0.58% of their portfolio SPRINGFIELD, IL 72,83672.8k $2.8m $2.8m 0.58% Unchanged
88 ArchPoint Investors 0.64% of their portfolio CORAL GABLES, FL 71,08171.1k $2.7m $2.7m 0.64% Unchanged
89 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 68,38168.4k $2.6m $2.6m 0.00% Added +31.5k +31,544
90 Mutual Advisors, LLC 0.05% of their portfolio OMAHA, NE 67,08467.1k $2.5m $2.5m 0.05% Added +21.0k +21,030
91 HARBOUR INVESTMENTS, INC. 0.05% of their portfolio MADISON, WI 66,01766.0k $2.5m $2.5m 0.05% Added +2.3k +2,269
92 TrueWealth Financial Partners 2.02% of their portfolio BELLEVUE, WA 64,50664.5k $2.4m $2.4m 2.02% New
93 True Blue Financial, LLC 2.02% of their portfolio STEVENSVILLE, MI 64,50664.5k $2.4m $2.4m 2.02% First filing
94 Glass Jacobson Investment Advisors llc 0.87% of their portfolio OWINGS MILLS, MD 64,01564.0k $2.4m $2.4m 0.87% Reduced -585 -585
95 Landmark Wealth Management, LLC 0.92% of their portfolio MELVILLE, NY 63,61063.6k $2.4m $2.4m 0.92% Added +1.9k +1,906
96 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 62,67662.7k $2.4m $2.4m 0.01% Reduced -9.1k -9,106
97 PCG Wealth Advisors, LLC 0.65% of their portfolio OVERLAND PARK, KS 60,76960.8k $2.3m $2.3m 0.65% Added +1.9k +1,918
98 Arkadios Wealth Advisors 0.04% of their portfolio ATLANTA, GA 57,36257.4k $2.2m $2.2m 0.04% Reduced -2.3k -2,274
99 VestGen Advisors, LLC 0.09% of their portfolio CHICAGO, IL 55,80755.8k $2.1m $2.1m 0.09% New
100 BTG Pactual Asset Management US LLC 0.23% of their portfolio NEW YORK, NY 55,68055.7k $2.1m $2.1m 0.23% Added +3.6k +3,645