Vault-13

FIRST TR EXCHANGE-TRADED FD FTSL

SENIOR LN FD · ETP · CUSIP 33738D309

317 institutional holders -16 vs Q2 2025
35,974,95036.0m shares reported held*
$1.6bnreported value*
22 new 135 added 119 reduced 29 sold out net sold ≈ $83.3m (-1.8m 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 ($422.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.82.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 324Q4 22: 333Q1 23: 313Q2 23: 302Q3 23: 300Q4 23: 327Q1 24: 316Q2 24: 333Q3 24: 323Q4 24: 355Q1 25: 343Q2 25: 333Q3 25: 317317Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022324
Q4 2022333
Q1 2023313
Q2 2023302
Q3 2023300
Q4 2023327
Q1 2024316
Q2 2024333
Q3 2024323
Q4 2024355
Q1 2025343
Q2 2025333
Q3 2025317

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 142 bought or addedQ4 23: 147 cut or sold outQ1 24: 148 bought or addedQ1 24: 169 cut or sold outQ1 24Q2 24: 188 bought or addedQ2 24: 128 cut or sold outQ3 24: 142 bought or addedQ3 24: 173 cut or sold outQ3 24Q4 24: 177 bought or addedQ4 24: 130 cut or sold outQ1 25: 177 bought or addedQ1 25: 135 cut or sold outQ1 25Q2 25: 157 bought or addedQ2 25: 163 cut or sold outQ3 25: 157 bought or addedQ3 25: 148 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023142147
Q1 2024148169
Q2 2024188128
Q3 2024142173
Q4 2024177130
Q1 2025177135
Q2 2025157163
Q3 2025157148

Calls vs puts

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

CallsPuts
$0$2k$4k$6k$8kQ4 24 calls: $7.0kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $7.0kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$7.0k$00.00
Q1 2025$7.0k$00.00
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

JPMORGAN CHASE & CO Added +153,287+153.3k
GOLDMAN SACHS GROUP INC Added +109,230+109.2k
New England Private Wealth Advisors LLC New +83,619+83.6k
Sanctuary Advisors, LLC Added +82,596+82.6k
Andina Capital Management, LLC New +76,882+76.9k
RAYMOND JAMES FINANCIAL INC Added +60,649+60.6k
TL Private Wealth Added +59,924+59.9k
OLD MISSION CAPITAL LLC Added +57,574+57.6k
Capital Investment Counsel, LLC Added +54,169+54.2k
Algorithmic Investment Models, LLC New +53,583+53.6k

Biggest sellers

ROYAL BANK OF CANADA Reduced -1,461,105-1.5m
Virtue Capital Management, LLC Reduced -535,367-535.4k
JANE STREET GROUP, LLC Reduced -189,559-189.6k
Tower Research Capital LLC (TRC) Reduced -149,435-149.4k
MORGAN STANLEY Reduced -111,553-111.6k
Quadrature Capital Ltd Sold out -104,613-104.6k
Rockefeller Capital Management L.P. Reduced -86,526-86.5k
Geneos Wealth Management Inc. Reduced -75,822-75.8k
PRUDENTIAL PLC Sold out -67,450-67.5k
Ocean Park Asset Management, LLC Reduced -64,800-64.8k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,562,4504.6m $209.1m $209.1m 0.01% Reduced -111.6k -111,553
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,037,1852.0m $93.4m $93.4m 0.03% Reduced -14.1k -14,125
3 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,952,2412.0m $89.5m $89.5m 0.02% Added +20.4k +20,442
4 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,822,2321.8m $83.5m $83.5m 0.01% Reduced -53.1k -53,077
5 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,563,1611.6m $71.7m $71.7m 0.02% Added +60.6k +60,649
6 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,525,6271.5m $69.9m $69.9m 0.01% Reduced -1.5m -1,461,105
7 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 1,153,6921.2m $52.9m $52.9m 0.04% Reduced -46.5k -46,461
8 One Capital Management, LLC 1.66% of their portfolio WESTLAKE VILLAGE, CA 1,134,9201.1m $52.0m $52.0m 1.66% Reduced -819 -819
9 UBS Group AG 0.01% of their portfolio ZURICH, V8 783,248783.2k $35.9m $35.9m 0.01% Added +4.4k +4,411
10 Flaharty Asset Management, LLC 4.42% of their portfolio CLEARWATER, FL 758,344758.3k $34.8m $34.8m 4.42% Added +24.4k +24,361
11 Welch & Forbes LLC 0.37% of their portfolio Boston, MA 678,209678.2k $31.1m $31.1m 0.37% Reduced -4.0k -3,969
12 NorthCoast Asset Management LLC 0.12% of their portfolio STAMFORD, CT 655,855655.9k $30.1m $30.1m 0.12% Added +93 +93
13 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 620,563620.6k $28.4m $28.4m 0.01% Added +53.3k +53,338
14 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 594,722594.7k $27.3m $27.3m 0.04% Added +46.6k +46,644
15 Hikari Tsushin, Inc. 1.76% of their portfolio TOKYO, M0 570,196570.2k $26.1m $26.1m 1.76% Unchanged
16 TL Private Wealth 9.47% of their portfolio SOUTHLAKE, TX 516,243516.2k $23.6m $23.6m 9.47% Added +59.9k +59,924
17 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 431,917431.9k $19.8m $19.8m 0.02% Reduced -28.3k -28,300
18 Capital Investment Counsel, LLC 2.77% of their portfolio DENVER, CO 410,767410.8k $18.8m $18.8m 2.77% Added +54.2k +54,169
19 Cyndeo Wealth Partners, LLC 1.00% of their portfolio ST. PETERSBURG, FL 391,483391.5k $17.9m $17.9m 1.00% Reduced -639 -639
20 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 332,047332.0k $15.2m $15.2m 0.04% Added +2.4k +2,424
21 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 329,012329.0k $15.1m $15.1m 0.02% Reduced -47.4k -47,399
22 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 321,430321.4k $14.7m $14.7m 0.02% Added +15.1k +15,130
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 318,176318.2k $14.6m $14.6m 0.00% Added +153.3k +153,287
24 HARBOR ADVISORY CORP /MA/ 4.19% of their portfolio PORTSMOUTH, NH 308,963309.0k $14.2m $14.2m 4.19% Added +8.8k +8,793
25 Fairvoy Private Wealth, LLC 3.22% of their portfolio BIRMINGHAM, AL 308,419308.4k $14.1m $14.1m 3.22% Reduced -22.2k -22,248
26 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 291,788291.8k $13.4m $13.4m 0.06% Added +7.6k +7,578
27 CWM, LLC 0.04% of their portfolio OMAHA, NE 288,984289.0k $13.2m $13.2m 0.04% Reduced -1.3k -1,290
28 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 238,456238.5k $10.9m $10.9m 0.02% Reduced -28.3k -28,315
29 Ocean Park Asset Management, LLC 0.44% of their portfolio SANTA MONICA, CA 231,800231.8k $10.6m $10.6m 0.44% Reduced -64.8k -64,800
30 Integrated Wealth Concepts LLC 0.09% of their portfolio WALTHAM, MA 228,459228.5k $10.5m $10.5m 0.09% Added +9.2k +9,220
31 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 218,779218.8k $10.0m $10.0m 0.05% Added +31.7k +31,656
32 Clear Creek Financial Management, LLC 0.82% of their portfolio SILVERDALE, WA 207,494207.5k $9.5m $9.5m 0.82% Added +42.1k +42,117
33 EXCHANGE TRADED CONCEPTS, LLC 0.08% of their portfolio Oklahoma City, OK 187,564187.6k $8.6m $8.6m 0.08% Added +50.6k +50,578
34 RiverTree Advisors, LLC 5.42% of their portfolio WINTER PARK, FL 184,436184.4k $8.5m $8.5m 5.42% Added +1.4k +1,401
35 Nilsine Partners, LLC 0.75% of their portfolio GREENWOOD VILLAGE, CO 182,263182.3k $8.4m $8.4m 0.75% Added +9.3k +9,258
36 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 179,625179.6k $8.2m $8.2m 0.01% Added +8.6k +8,606
37 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.16% of their portfolio Seattle, WA 172,645172.6k $7.9m $7.9m 0.16% Added +16.4k +16,409
38 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 163,764163.8k $7.5m $7.5m 0.02% Added +82.6k +82,596
39 RPg Family Wealth Advisory, LLC 1.62% of their portfolio BURLINGTON, MA 161,562161.6k $7.4m $7.4m 1.62% Reduced -954 -954
40 OLD MISSION CAPITAL LLC 0.25% of their portfolio CHICAGO, IL 154,050154.1k $7.1m $7.1m 0.25% Added +57.6k +57,574
41 CNO Financial Group, Inc. 4.63% of their portfolio Carmel, IN 152,000152.0k $7.0m $7.0m 4.63% Unchanged
42 LAKE STREET PRIVATE WEALTH, LLC 0.89% of their portfolio CHICAGO, IL 150,888150.9k $6.9m $6.9m 0.89% Added +3.0k +3,014
43 DAVENPORT & Co LLC 0.04% of their portfolio RICHMOND, VA 150,873150.9k $6.9m $6.9m 0.04% Added +13.7k +13,663
44 Chicago Partners Investment Group LLC 0.18% of their portfolio CHICAGO, IL 149,458149.5k $6.8m $6.8m 0.18% Reduced -1.4k -1,362
45 CacheTech Inc. 1.38% of their portfolio LOGAN, UT 149,169149.2k $6.8m $6.8m 1.38% Added +2.4k +2,407
46 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.42% of their portfolio CEDAR RAPIDS, IA 147,495147.5k $6.8m $6.8m 0.42% Added +15.4k +15,351
47 Adams Wealth Management 1.42% of their portfolio LOGAN, UT 144,469144.5k $6.6m $6.6m 1.42% Reduced -2.3k -2,293
48 TrueWealth Advisors, LLC 1.78% of their portfolio BIRMINGHAM, AL 143,755143.8k $6.6m $6.6m 1.78% Added +5.4k +5,352
49 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 142,198142.2k $6.5m $6.5m 0.02% Added +2.4k +2,365
50 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 141,381141.4k $6.5m $6.5m 0.01% Reduced -189.6k -189,559
51 Mission Hills Financial Advisory, LLC 3.21% of their portfolio SAN DIEGO, CA 131,789131.8k $6.0m $6.0m 3.21% Reduced -46 -46
52 HARBOUR INVESTMENTS, INC. 0.13% of their portfolio MADISON, WI 129,427129.4k $5.9m $5.9m 0.13% Added +9.2k +9,158
53 Asset Allocation & Management Company, LLC 2.45% of their portfolio CHICAGO, IL 126,840126.8k $5.8m $5.8m 2.45% Unchanged
54 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 125,927125.9k $5.8m $5.8m 0.00% Added +109.2k +109,230
55 Little Harbor Advisors, LLC 2.85% of their portfolio MARBLEHEAD, MA 124,536124.5k $5.7m $5.7m 2.85% Reduced -26.6k -26,569
56 U.S. Capital Wealth Advisors, LLC 0.15% of their portfolio AUSTIN, TX 124,401124.4k $5.7m $5.7m 0.15% Added +33.0k +32,963
57 Fairway Financial, LLC 4.44% of their portfolio CASSELBERRY, FL 122,956123.0k $5.6m $5.6m 4.44% Added +4.3k +4,270
58 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 118,162118.2k $5.4m $5.4m 0.00% Added +13.3k +13,267
59 Prospera Financial Services Inc 0.09% of their portfolio Dallas, TX 115,287115.3k $5.3m $5.3m 0.09% Added +206 +206
60 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 113,544113.5k $5.2m $5.2m 0.02% Added +17.6k +17,616
61 Brookstone Capital Management 0.06% of their portfolio WHEATON, IL 112,735112.7k $5.2m $5.2m 0.06% Reduced -29.6k -29,643
62 Blackhawk Capital Partners, LLC 2.01% of their portfolio THIENSVILLE, WI 112,427112.4k $5.2m $5.2m 2.01% Added +19.7k +19,728
63 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 106,286106.3k $4.9m $4.9m 0.01% Reduced -86.5k -86,526
64 Petix & Botte Co 1.12% of their portfolio LA MESA, CA 105,541105.5k $4.8m $4.8m 1.12% Added +13.2k +13,183
65 EXENCIAL WEALTH ADVISORS, LLC 0.14% of their portfolio OKLAHOMA CITY, OK 96,39796.4k $4.4m $4.4m 0.14% Reduced -923 -923
66 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 94,16994.2k $4.3m $4.3m 0.00% Added +1.9k +1,871
67 OneDigital Investment Advisors LLC 0.04% of their portfolio OVERLAND PARK, KS 94,04994.0k $4.3m $4.3m 0.04% Reduced -1.3k -1,344
68 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 93,58293.6k $4.3m $4.3m 0.01% Added +50.0k +49,990
69 Bison Wealth, LLC 0.38% of their portfolio ATLANTA, GA 90,54290.5k $4.2m $4.2m 0.38% Reduced -3.5k -3,465
70 Kovack Advisors, Inc. 0.39% of their portfolio FT. LAUDERDALE, FL 89,36889.4k $4.1m $4.1m 0.39% Reduced -2.5k -2,525
71 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 88,70488.7k $4.1m $4.1m 0.03% Added +811 +811
72 Harvest Investment Services, LLC 0.80% of their portfolio Oakbrook Terrace, IL 86,42186.4k $4.0m $4.0m 0.80% Added +2.2k +2,192
73 TRUSTMARK BANK TRUST DEPARTMENT 0.25% of their portfolio JACKSON, MS 85,00085.0k $3.9m $3.9m 0.25% Unchanged
74 Aspen Investment Management Inc 1.48% of their portfolio GRAND RAPIDS, MI 83,75583.8k $3.8m $3.8m 1.48% Reduced -403 -403
75 New England Private Wealth Advisors LLC 0.51% of their portfolio WELLESLEY, MA 83,61983.6k $3.8m $3.8m 0.51% New
76 PCG Wealth Advisors, LLC 1.12% of their portfolio OVERLAND PARK, KS 83,49983.5k $3.8m $3.8m 1.12% Added +40.5k +40,509
77 Oder Investment Management, LLC 2.68% of their portfolio WOODLAND HILLS, CA 81,28781.3k $3.7m $3.7m 2.68% Added +3.0k +3,033
78 Fifth Third Securities, Inc. 0.24% of their portfolio Cincinnati, OH 78,22578.2k $3.6m $3.6m 0.24% Added +4.0k +4,003
79 Andina Capital Management, LLC 1.99% of their portfolio LOGAN, UT 76,88276.9k $3.5m $3.5m 1.99% New
80 Colorado Capital Management, Inc. 1.36% of their portfolio BOULDER, CO 76,64076.6k $3.5m $3.5m 1.36% Added +3.1k +3,080
81 Kingsview Wealth Management, LLC 0.05% of their portfolio GRANTS PASS, OR 75,03475.0k $3.4m $3.4m 0.05% Added +9.4k +9,354
82 J.W. COLE ADVISORS, INC. 0.06% of their portfolio TAMPA, FL 72,56172.6k $3.3m $3.3m 0.06% Reduced -3.5k -3,452
83 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 72,33772.3k $3.3m $3.3m 0.00% Added +3.5k +3,507
84 Strive Asset Management, LLC 1.79% of their portfolio DALLAS, TX 71,99672.0k $3.3m $3.3m 1.79% Added +3.2k +3,186
85 Huntleigh Advisors, Inc. 0.56% of their portfolio ST. LOUIS, MO 71,88771.9k $3.3m $3.3m 0.56% Added +1.6k +1,566
86 Trinity Legacy Partners, LLC 0.73% of their portfolio HOUSTON, TX 69,57869.6k $3.2m $3.2m 0.73% Reduced -5.7k -5,694
87 Integrated Advisors Network LLC 0.13% of their portfolio DALLAS, TX 69,50569.5k $3.2m $3.2m 0.13% Added +251 +251
88 Snowden Capital Advisors LLC 0.08% of their portfolio New York, NY 67,55867.6k $3.1m $3.1m 0.08% Added +10.6k +10,630
89 Private Advisory Group LLC 0.26% of their portfolio REDMOND, WA 65,15065.2k $3.0m $3.0m 0.26% Added +4.2k +4,210
90 FLAGSTAR SECURITIES, INC 0.91% of their portfolio New York, NY 65,06165.1k $3.0m $3.0m 0.91% Reduced -1.2k -1,183
91 SageView Advisory Group, LLC 0.10% of their portfolio Newport Beach, CA 61,74161.7k $2.8m $2.8m 0.10% Reduced -1.2k -1,185
92 RFG Advisory, LLC 0.06% of their portfolio BIRMINGHAM, AL 58,64858.6k $2.7m $2.7m 0.06% Reduced -5.7k -5,654
93 Endowment Wealth Management, Inc. 1.21% of their portfolio APPLETON, WI 58,38658.4k $2.7m $2.7m 1.21% Added +12.0k +12,006
94 Sowell Financial Services LLC 0.10% of their portfolio NORTH LITTLE ROCK, AR 57,14357.1k $2.6m $2.6m 0.10% Reduced -2.4k -2,364
95 Gladstone Institutional Advisory LLC 0.10% of their portfolio Bedminster, NJ 55,80655.8k $2.6m $2.6m 0.10% Added +5.8k +5,778
96 Mariner, LLC 0.00% of their portfolio Overland Park, KS 55,46955.5k $2.5m $2.5m 0.00% Added +40.2k +40,226
97 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 55,23755.2k $2.5m $2.5m 0.02% Reduced -10.3k -10,325
98 Bullseye Investment Management, LLC 1.53% of their portfolio CINCINNATI, OH 55,14855.1k $2.5m $2.5m 1.53% Unchanged
99 Algorithmic Investment Models, LLC 1.63% of their portfolio Boston, MA 53,58353.6k $2.5m $2.5m 1.63% New
100 First Financial Group Corp 2.11% of their portfolio RALEIGH, NC 53,07453.1k $2.4m $2.4m 2.11% Added +2.2k +2,154