Vault-13

FIRST TR EXCHANGE-TRADED FD FTSL

SENIOR LN FD · ETP · CUSIP 33738D309

310 institutional holders -6 vs Q4 2025
35,098,42835.1m shares reported held*
$1.6bnreported value*
34 new 114 added 117 reduced 35 sold out net sold ≈ $27.8m (-698.6k 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 ($7.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $44.91. Options: 1 managers hold calls ($259.9k notional), 0 hold puts (—).

Trends to Q1 2026

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: 317Q4 25: 316Q1 26: 310310Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025316
Q1 2026310

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q4 25: 139 bought or addedQ4 25: 151 cut or sold outQ1 26: 148 bought or addedQ1 26: 152 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024188128
Q3 2024142173
Q4 2024177130
Q1 2025177135
Q2 2025157163
Q3 2025157148
Q4 2025139151
Q1 2026148152

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $259.9kQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$259.9k$00.00

Biggest buyers

MORGAN STANLEY Added +551,622+551.6k
LPL Financial LLC Added +526,940+526.9k
ENVESTNET ASSET MANAGEMENT INC Added +224,305+224.3k
One Capital Management, LLC Added +176,483+176.5k
FIRST TRUST ADVISORS LP Added +173,354+173.4k
UBS Group AG Added +116,555+116.6k
HighTower Advisors, LLC Added +103,251+103.3k
Independent Advisor Alliance New +99,555+99.6k
Concorde Asset Management, LLC New +73,167+73.2k
Western Wealth Management, LLC Added +72,984+73.0k

Biggest sellers

OSAIC HOLDINGS, INC. Reduced -278,235-278.2k
BANK OF AMERICA CORP /DE/ Reduced -277,825-277.8k
Ocean Park Asset Management, LLC Sold out -231,800-231.8k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -204,633-204.6k
RiverTree Advisors, LLC Sold out -181,110-181.1k
WELLS FARGO & COMPANY/MN Reduced -173,216-173.2k
JPMORGAN CHASE & CO Reduced -162,494-162.5k
GOLDMAN SACHS GROUP INC Sold out -157,634-157.6k
JANE STREET GROUP, LLC Sold out -155,368-155.4k
ROYAL BANK OF CANADA Reduced -117,817-117.8k

Biggest calls

SIMPLEX TRADING, LLC New $259.9k10.1k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,778,5884.8m $214.1m $214.1m 0.01% Added +551.6k +551,622
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,517,5612.5m $112.8m $112.8m 0.03% Added +526.9k +526,940
3 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,656,4641.7m $74.2m $74.2m 0.01% Reduced -173.2k -173,216
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,465,6671.5m $65.7m $65.7m 0.00% Reduced -277.8k -277,825
5 One Capital Management, LLC 1.77% of their portfolio WESTLAKE VILLAGE, CA 1,439,5441.4m $64.5m $64.5m 1.77% Added +176.5k +176,483
6 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,432,8681.4m $64.2m $64.2m 0.01% Reduced -117.8k -117,817
7 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,363,9371.4m $61.1m $61.1m 0.02% Reduced -31.8k -31,839
8 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 1,274,8131.3m $57.1m $57.1m 0.04% Added +173.4k +173,354
9 UBS Group AG 0.01% of their portfolio ZURICH, V8 931,738931.7k $41.7m $41.7m 0.01% Added +116.6k +116,555
10 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 837,005837.0k $37.5m $37.5m 0.01% Added +224.3k +224,305
11 Flaharty Asset Management, LLC 4.45% of their portfolio CLEARWATER, FL 800,071800.1k $35.8m $35.8m 4.45% Added +16.3k +16,320
12 Virtue Capital Management, LLC 5.17% of their portfolio BRENTWOOD, TN 760,329760.3k $33.9m $33.9m 5.17% Added +71.5k +71,545
13 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 667,003667.0k $29.9m $29.9m 0.03% Added +16.8k +16,821
14 Welch & Forbes LLC 0.37% of their portfolio Boston, MA 631,873631.9k $28.3m $28.3m 0.37% Reduced -65.1k -65,089
15 Hikari Tsushin, Inc. 1.76% of their portfolio TOKYO, M0 570,196570.2k $25.5m $25.5m 1.76% Unchanged
16 TL Private Wealth 9.56% of their portfolio SOUTHLAKE, TX 538,366538.4k $24.2m $24.2m 9.56% Added +3.6k +3,602
17 Cyndeo Wealth Partners, LLC 1.06% of their portfolio ST. PETERSBURG, FL 447,814447.8k $20.1m $20.1m 1.06% Added +43.9k +43,908
18 Capital Investment Counsel, LLC 2.72% of their portfolio DENVER, CO 443,345443.3k $19.9m $19.9m 2.72% Reduced -4.8k -4,826
19 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 436,318436.3k $19.5m $19.5m 0.02% Reduced -863 -863
20 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 372,310372.3k $16.7m $16.7m 0.02% Reduced -22.0k -22,045
21 Fairvoy Private Wealth, LLC 3.60% of their portfolio BIRMINGHAM, AL 336,512336.5k $15.1m $15.1m 3.60% Added +27.0k +27,040
22 HARBOR ADVISORY CORP /MA/ 4.34% of their portfolio PORTSMOUTH, NH 322,007322.0k $14.4m $14.4m 4.34% Reduced -4.2k -4,206
23 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 300,747300.7k $13.5m $13.5m 0.02% Reduced -278.2k -278,235
24 Concurrent Investment Advisors, LLC 0.14% of their portfolio Tampa, FL 286,251286.3k $12.8m $12.8m 0.14% Reduced -27.5k -27,534
25 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 270,060270.1k $12.1m $12.1m 0.06% Reduced -1.2k -1,199
26 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 254,981255.0k $11.4m $11.4m 0.04% Reduced -52.7k -52,656
27 CNO Financial Group, Inc. 6.47% of their portfolio Carmel, IN 252,000252.0k $11.3m $11.3m 6.47% Unchanged
28 CWM, LLC 0.03% of their portfolio OMAHA, NE 226,914226.9k $10.2m $10.2m 0.03% Reduced -85.2k -85,247
29 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 225,897225.9k $10.1m $10.1m 0.01% Added +103.3k +103,251
30 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 220,071220.1k $9.9m $9.9m 0.03% Reduced -107.6k -107,642
31 EXCHANGE TRADED CONCEPTS, LLC 0.07% of their portfolio Oklahoma City, OK 215,250215.2k $9.6m $9.6m 0.07% Added +16.9k +16,944
32 Nilsine Partners, LLC 0.73% of their portfolio GREENWOOD VILLAGE, CO 206,524206.5k $9.3m $9.3m 0.73% Added +12.7k +12,720
33 DAVENPORT & Co LLC 0.05% of their portfolio RICHMOND, VA 195,596195.6k $8.8m $8.8m 0.05% Added +25.8k +25,812
34 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.15% of their portfolio Seattle, WA 195,571195.6k $8.8m $8.8m 0.15% Added +17.1k +17,100
35 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.39% of their portfolio CEDAR RAPIDS, IA 167,055167.1k $7.5m $7.5m 0.39% Added +7.2k +7,166
36 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 162,142162.1k $7.3m $7.3m 0.01% Reduced -12.1k -12,058
37 RPg Family Wealth Advisory, LLC 1.51% of their portfolio BURLINGTON, MA 161,933161.9k $7.3m $7.3m 1.51% Added +1.9k +1,897
38 LAKE STREET PRIVATE WEALTH, LLC 0.91% of their portfolio CHICAGO, IL 159,935159.9k $7.2m $7.2m 0.91% Added +4.5k +4,511
39 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 158,139158.1k $7.1m $7.1m 0.02% Added +1.5k +1,490
40 Mission Hills Financial Advisory, LLC 3.59% of their portfolio SAN DIEGO, CA 156,365156.4k $7.0m $7.0m 3.59% Added +22.0k +21,984
41 CacheTech Inc. 1.32% of their portfolio LOGAN, UT 153,298153.3k $6.9m $6.9m 1.32% Reduced -8.4k -8,425
42 Clear Creek Financial Management, LLC 0.52% of their portfolio SILVERDALE, WA 152,584152.6k $6.8m $6.8m 0.52% Reduced -59.3k -59,287
43 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 151,256151.3k $6.8m $6.8m 0.00% Reduced -162.5k -162,494
44 Adams Wealth Management 1.39% of their portfolio LOGAN, UT 141,313141.3k $6.3m $6.3m 1.39% Added +14.3k +14,333
45 Chicago Partners Investment Group LLC 0.14% of their portfolio CHICAGO, IL 140,031140.0k $6.3m $6.3m 0.14% Added +1.7k +1,698
46 Prospera Financial Services Inc 0.10% of their portfolio Dallas, TX 134,549134.5k $6.0m $6.0m 0.10% Added +17.0k +17,034
47 Fairway Financial, LLC 4.51% of their portfolio CASSELBERRY, FL 132,335132.3k $5.9m $5.9m 4.51% Added +2.7k +2,704
48 Asset Allocation & Management Company, LLC 2.11% of their portfolio CHICAGO, IL 126,840126.8k $5.7m $5.7m 2.11% Unchanged
49 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 112,560112.6k $5.0m $5.0m 0.01% Reduced -2.8k -2,807
50 HARBOUR INVESTMENTS, INC. 0.07% of their portfolio MADISON, WI 107,168107.2k $4.8m $4.8m 0.07% Reduced -27.2k -27,156
51 Kovack Advisors, Inc. 0.25% of their portfolio FT. LAUDERDALE, FL 103,919103.9k $4.7m $4.7m 0.25% Added +7.7k +7,737
52 SACKS & ASSOCIATES, LLC 3.46% of their portfolio WARREN, NJ 103,795103.8k $4.7m $4.7m 3.46% Added +9.3k +9,272
53 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 103,378103.4k $4.6m $4.6m 0.02% Reduced -14.3k -14,320
54 Independent Advisor Alliance 0.05% of their portfolio CHARLOTTE, NC 99,55599.6k $4.5m $4.5m 0.05% New
55 Fifth Third Securities, Inc. 0.27% of their portfolio Cincinnati, OH 93,28493.3k $4.2m $4.2m 0.27% Added +9.8k +9,774
56 Western Wealth Management, LLC 0.16% of their portfolio GOLDEN, CO 92,69292.7k $4.2m $4.2m 0.16% Added +73.0k +72,984
57 WMS Group LLC 5.93% of their portfolio FOLSOM, LA 90,98591.0k $4.1m $4.1m 5.93% Unchanged
58 PCG Wealth Advisors, LLC 1.01% of their portfolio OVERLAND PARK, KS 89,25389.3k $4.0m $4.0m 1.01% Added +3.0k +2,971
59 TRUSTMARK BANK TRUST DEPARTMENT 0.26% of their portfolio JACKSON, MS 89,00089.0k $4.0m $4.0m 0.26% Added +4.0k +4,000
60 U.S. Capital Wealth Advisors, LLC 0.10% of their portfolio AUSTIN, TX 87,64787.6k $3.9m $3.9m 0.10% Reduced -29.2k -29,217
61 New England Private Wealth Advisors LLC 0.45% of their portfolio WELLESLEY, MA 86,30686.3k $3.9m $3.9m 0.45% Added +1.4k +1,358
62 Huntleigh Advisors, Inc. 0.65% of their portfolio ST. LOUIS, MO 85,51285.5k $3.8m $3.8m 0.65% Added +2.0k +2,025
63 Aurora Private Wealth, Inc. 2.78% of their portfolio ROCKAWAY, NJ 85,27185.3k $3.9m $3.9m 2.78% Unchanged
64 OneDigital Investment Advisors LLC 0.04% of their portfolio OVERLAND PARK, KS 85,19785.2k $3.8m $3.8m 0.04% Reduced -5.6k -5,619
65 EXENCIAL WEALTH ADVISORS, LLC 0.12% of their portfolio OKLAHOMA CITY, OK 84,70484.7k $3.8m $3.8m 0.12% Added +3.4k +3,354
66 Colorado Capital Management, Inc. 1.39% of their portfolio BOULDER, CO 83,12883.1k $3.7m $3.7m 1.39% Added +5.6k +5,638
67 Snowden Capital Advisors LLC 0.10% of their portfolio New York, NY 81,21781.2k $3.6m $3.6m 0.10% Added +4.7k +4,677
68 Oder Investment Management, LLC 2.65% of their portfolio WOODLAND HILLS, CA 76,96477.0k $3.4m $3.4m 2.65% Added +591 +591
69 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 76,36476.4k $3.4m $3.4m 0.02% Reduced -1.5k -1,520
70 Aspen Investment Management Inc 1.00% of their portfolio GRAND RAPIDS, MI 73,20473.2k $3.3m $3.3m 1.00% Reduced -1.1k -1,142
71 Concorde Asset Management, LLC 1.61% of their portfolio ANN ARBOR, MI 73,16773.2k $3.3m $3.3m 1.61% New
72 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 70,45470.5k $3.2m $3.2m 0.00% Added +29.4k +29,437
73 THRYVE WEALTH MANAGEMENT LLC 2.07% of their portfolio IRVING, TX 69,18469.2k $3.1m $3.1m 2.07% Reduced -14.3k -14,339
74 Petix & Botte Co 0.68% of their portfolio LA MESA, CA 67,96468.0k $3.0m $3.0m 0.68% New
75 Petix & Botte Co 0.68% of their portfolio LA MESA, CA 67,96268.0k $3.0m $3.0m 0.68% Reduced -56.2k -56,153
76 FLAGSTAR SECURITIES, INC 1.09% of their portfolio New York, NY 66,93566.9k $3.0m $3.0m 1.09% Added +1.3k +1,269
77 Kingsview Wealth Management, LLC 0.04% of their portfolio GRANTS PASS, OR 66,56766.6k $3.0m $3.0m 0.04% Reduced -8.5k -8,456
78 Harvest Investment Services, LLC 0.54% of their portfolio Oakbrook Terrace, IL 66,49566.5k $3.0m $3.0m 0.54% Reduced -17.7k -17,682
79 Private Advisory Group LLC 0.21% of their portfolio REDMOND, WA 65,97666.0k $3.0m $3.0m 0.21% Reduced -2.9k -2,875
80 Trinity Legacy Partners, LLC 0.63% of their portfolio HOUSTON, TX 64,75764.8k $2.9m $2.9m 0.63% Reduced -105 -105
81 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 64,52864.5k $2.9m $2.9m 0.02% Added +10.4k +10,352
82 Valmark Advisers, Inc. 0.03% of their portfolio AKRON, OH 59,66459.7k $2.7m $2.7m 0.03% Added +10.6k +10,612
83 True Blue Financial, LLC 2.07% of their portfolio STEVENSVILLE, MI 58,71158.7k $2.6m $2.6m 2.07% Added +3.4k +3,353
84 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 58,46558.5k $2.6m $2.6m 0.01% Reduced -3.1k -3,111
85 SageView Advisory Group, LLC 0.09% of their portfolio Newport Beach, CA 57,76457.8k $2.6m $2.6m 0.09% Reduced -2.7k -2,734
86 Key Client Fiduciary Advisors, LLC 0.89% of their portfolio Fairfield, NJ 57,70057.7k $2.6m $2.6m 0.89% Added +685 +685
87 GRIMES & Co WEALTH MANAGEMENT, LLC 0.07% of their portfolio WESTBOROUGH, MA 57,47957.5k $2.6m $2.6m 0.07% Reduced -3.0k -2,976
88 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 57,34857.3k $2.6m $2.6m 0.02% Reduced -6.5k -6,544
89 First Financial Group Corp 2.00% of their portfolio RALEIGH, NC 54,74654.7k $2.5m $2.5m 2.00% Added +708 +708
90 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 51,92351.9k $2.3m $2.3m 0.00% Added +15.5k +15,514
91 Ifrah Financial Services, Inc. 0.59% of their portfolio Little Rock, AR 49,54949.5k $2.2m $2.2m 0.59% Reduced -1.9k -1,863
92 Impact Partnership Wealth, LLC 0.27% of their portfolio MARIETTA, GA 48,29548.3k $2.2m $2.2m 0.27% Added +11.7k +11,683
93 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 48,01648.0k $2.2m $2.2m 0.00% New
94 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 47,92147.9k $2.1m $2.1m 0.02% Added +2.1k +2,139
95 RFG Advisory, LLC 0.04% of their portfolio BIRMINGHAM, AL 47,70547.7k $2.1m $2.1m 0.04% Reduced -8.5k -8,521
96 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 47,67447.7k $2.1m $2.1m 0.03% Added +1.9k +1,938
97 Garden State Investment Advisory Services LLC 0.51% of their portfolio Red Bank, NJ 47,48047.5k $2.1m $2.1m 0.51% Added +24.6k +24,593
98 Blackhawk Capital Partners, LLC 0.77% of their portfolio THIENSVILLE, WI 46,97847.0k $2.1m $2.1m 0.77% Reduced -116.2k -116,232
99 TWIN PEAKS WEALTH ADVISORS, LLC 0.53% of their portfolio SAN FRANCISCO, CA 46,55146.6k $2.1m $2.1m 0.53% Reduced -2.5k -2,505
100 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 46,21846.2k $2.1m $2.1m 0.00% Added +25.3k +25,348