Vault-13

FIRST TR EXCHANGE-TRADED FD FTSL

SENIOR LN FD · ETP · CUSIP 33738D309

302 institutional holders -8 vs Q1 2026
36,616,49636.6m shares reported held*
$1.6bnreported value*
24 new 131 added 112 reduced 27 sold out net bought ≈ $86.6m (+2.0m 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 ($13.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $44.71.

Trends to Q2 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: 310Q2 26: 302302Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026302

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 142 bought or addedQ3 24: 173 cut or sold outQ4 24: 177 bought or addedQ4 24: 130 cut or sold outQ4 24Q1 25: 177 bought or addedQ1 25: 135 cut or sold outQ2 25: 157 bought or addedQ2 25: 163 cut or sold outQ2 25Q3 25: 157 bought or addedQ3 25: 148 cut or sold outQ4 25: 139 bought or addedQ4 25: 151 cut or sold outQ4 25Q1 26: 148 bought or addedQ1 26: 152 cut or sold outQ2 26: 155 bought or addedQ2 26: 139 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024142173
Q4 2024177130
Q1 2025177135
Q2 2025157163
Q3 2025157148
Q4 2025139151
Q1 2026148152
Q2 2026155139

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ3 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 0.00Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$259.9k$00.00
Q2 2026$0$0—

Biggest buyers

Modern Wealth Management, LLC New +767,322+767.3k
Cambridge Investment Research Advisors, Inc. Added +356,949+356.9k
Concurrent Investment Advisors, LLC Added +307,204+307.2k
LPL Financial LLC Added +268,241+268.2k
RPg Family Wealth Advisory, LLC Added +169,096+169.1k
Blackhawk Capital Partners, LLC Added +150,194+150.2k
CoreCap Advisors, LLC Added +141,288+141.3k
MORGAN STANLEY Added +138,578+138.6k
Arax Advisory Partners Added +102,806+102.8k
&PARTNERS Added +95,585+95.6k

Biggest sellers

Flaharty Asset Management, LLC Reduced -735,135-735.1k
NATIONS FINANCIAL GROUP INC, /IA/ /ADV Sold out -167,055-167.1k
Virtue Capital Management, LLC Reduced -122,469-122.5k
Independent Advisor Alliance Sold out -99,555-99.6k
Private Advisor Group, LLC Reduced -91,041-91.0k
Concorde Asset Management, LLC Sold out -73,167-73.2k
Petix & Botte Co Sold out -67,964-68.0k
Western Wealth Management, LLC Reduced -66,422-66.4k
Mission Hills Financial Advisory, LLC Reduced -55,641-55.6k
JPMORGAN CHASE & CO Reduced -41,088-41.1k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,917,1664.9m $220.0m $220.0m 0.01% Added +138.6k +138,578
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,785,8022.8m $124.7m $124.7m 0.03% Added +268.2k +268,241
3 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,669,9531.7m $74.7m $74.7m 0.01% Added +13.5k +13,489
4 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,503,0981.5m $67.3m $67.3m 0.01% Added +70.2k +70,230
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,467,3081.5m $65.7m $65.7m 0.00% Added +1.6k +1,641
6 One Capital Management, LLC 1.79% of their portfolio WESTLAKE VILLAGE, CA 1,439,5441.4m $64.5m $64.5m 1.79% Unchanged
7 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,439,2341.4m $64.4m $64.4m 0.02% Added +75.3k +75,297
8 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 1,298,0641.3m $58.0m $58.0m 0.03% Added +23.3k +23,251
9 UBS Group AG 0.01% of their portfolio ZURICH, V8 937,444937.4k $42.0m $42.0m 0.01% Added +5.7k +5,706
10 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 884,010884.0k $39.6m $39.6m 0.01% Added +47.0k +47,005
11 Modern Wealth Management, LLC 0.41% of their portfolio KANSAS CITY, MO 767,322767.3k $34.3m $34.3m 0.41% New
12 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 669,136669.1k $29.9m $29.9m 0.03% Added +2.1k +2,133
13 Virtue Capital Management, LLC 3.81% of their portfolio BRENTWOOD, TN 637,860637.9k $28.5m $28.5m 3.81% Reduced -122.5k -122,469
14 Welch & Forbes LLC 0.32% of their portfolio Boston, MA 597,151597.2k $26.7m $26.7m 0.32% Reduced -34.7k -34,722
15 Concurrent Investment Advisors, LLC 0.23% of their portfolio Tampa, FL 593,455593.5k $26.6m $26.6m 0.23% Added +307.2k +307,204
16 TL Private Wealth 9.53% of their portfolio SOUTHLAKE, TX 579,910579.9k $26.0m $26.0m 9.53% Added +41.5k +41,544
17 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 577,020577.0k $25.8m $25.8m 0.03% Added +356.9k +356,949
18 Hikari Tsushin, Inc. 1.69% of their portfolio TOKYO, M0 570,196570.2k $25.5m $25.5m 1.69% Unchanged
19 Cyndeo Wealth Partners, LLC 0.99% of their portfolio ST. PETERSBURG, FL 469,326469.3k $21.0m $21.0m 0.99% Added +21.5k +21,512
20 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 455,074455.1k $20.4m $20.4m 0.02% Added +18.8k +18,756
21 Capital Investment Counsel, LLC 2.43% of their portfolio DENVER, CO 439,221439.2k $19.7m $19.7m 2.43% Reduced -4.1k -4,124
22 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 378,082378.1k $16.9m $16.9m 0.02% Added +77.3k +77,335
23 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 362,078362.1k $16.2m $16.2m 0.01% Reduced -10.2k -10,232
24 Fairvoy Private Wealth, LLC 3.25% of their portfolio BIRMINGHAM, AL 359,184359.2k $16.1m $16.1m 3.25% Added +22.7k +22,672
25 RPg Family Wealth Advisory, LLC 1.37% of their portfolio BURLINGTON, MA 331,029331.0k $14.8m $14.8m 1.37% Added +169.1k +169,096
26 HARBOR ADVISORY CORP /MA/ 3.93% of their portfolio PORTSMOUTH, NH 328,444328.4k $14.7m $14.7m 3.93% Added +6.4k +6,437
27 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 300,787300.8k $13.5m $13.5m 0.04% Added +45.8k +45,806
28 CNO Financial Group, Inc. 6.46% of their portfolio Carmel, IN 252,000252.0k $11.3m $11.3m 6.46% Unchanged
29 DAVENPORT & Co LLC 0.05% of their portfolio RICHMOND, VA 235,032235.0k $10.5m $10.5m 0.05% Added +39.4k +39,436
30 EXCHANGE TRADED CONCEPTS, LLC 0.05% of their portfolio Oklahoma City, OK 232,110232.1k $10.4m $10.4m 0.05% Added +16.9k +16,860
31 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 220,860220.9k $9.9m $9.9m 0.01% Reduced -5.0k -5,037
32 Nilsine Partners, LLC 0.66% of their portfolio GREENWOOD VILLAGE, CO 212,769212.8k $9.5m $9.5m 0.66% Added +6.2k +6,245
33 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.14% of their portfolio Seattle, WA 206,573206.6k $9.2m $9.2m 0.14% Added +11.0k +11,002
34 Blackhawk Capital Partners, LLC 2.88% of their portfolio THIENSVILLE, WI 197,172197.2k $8.8m $8.8m 2.88% Added +150.2k +150,194
35 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 195,171195.2k $8.7m $8.7m 0.02% Added +37.0k +37,032
36 Clear Creek Financial Management, LLC 0.52% of their portfolio SILVERDALE, WA 179,524179.5k $8.0m $8.0m 0.52% Added +26.9k +26,940
37 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 179,019179.0k $8.0m $8.0m 0.04% Reduced -91.0k -91,041
38 CacheTech Inc. 1.28% of their portfolio LOGAN, UT 176,013176.0k $7.9m $7.9m 1.28% Added +22.7k +22,715
39 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 161,876161.9k $7.2m $7.2m 0.01% Reduced -266 -266
40 Adams Wealth Management 1.35% of their portfolio LOGAN, UT 157,438157.4k $7.0m $7.0m 1.35% Added +16.1k +16,125
41 LAKE STREET PRIVATE WEALTH, LLC 0.80% of their portfolio CHICAGO, IL 157,228157.2k $7.0m $7.0m 0.80% Reduced -2.7k -2,707
42 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 154,050154.1k $6.9m $6.9m 0.03% Added +95.6k +95,585
43 Petix & Botte Co 1.29% of their portfolio LA MESA, CA 143,213143.2k $6.4m $6.4m 1.29% Added +75.3k +75,251
44 CoreCap Advisors, LLC 0.19% of their portfolio SOUTHFIELD, MI 142,146142.1k $6.4m $6.4m 0.19% Added +141.3k +141,288
45 Chicago Partners Investment Group LLC 0.13% of their portfolio CHICAGO, IL 140,891140.9k $6.3m $6.3m 0.13% Added +860 +860
46 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 138,827138.8k $6.2m $6.2m 0.01% Added +26.3k +26,267
47 Asset Allocation & Management Company, LLC 2.02% of their portfolio CHICAGO, IL 138,670138.7k $6.2m $6.2m 2.02% Added +11.8k +11,830
48 Fairway Financial, LLC 4.17% of their portfolio CASSELBERRY, FL 136,173136.2k $6.1m $6.1m 4.17% Added +3.8k +3,838
49 Prospera Financial Services Inc 0.09% of their portfolio Dallas, TX 133,955134.0k $6.0m $6.0m 0.09% Reduced -594 -594
50 Vestmark Advisory Solutions, Inc. 0.05% of their portfolio Wakefield, MA 122,464122.5k $5.5m $5.5m 0.05% Added +78.5k +78,475
51 HARBOUR INVESTMENTS, INC. 0.07% of their portfolio MADISON, WI 113,687113.7k $5.1m $5.1m 0.07% Added +6.5k +6,519
52 Kovack Advisors, Inc. 0.24% of their portfolio FT. LAUDERDALE, FL 111,551111.6k $5.0m $5.0m 0.24% Added +7.6k +7,632
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 110,168110.2k $4.9m $4.9m 0.00% Reduced -41.1k -41,088
54 Arax Advisory Partners 0.03% of their portfolio NEW YORK, NY 109,439109.4k $4.9m $4.9m 0.03% Added +102.8k +102,806
55 Fifth Third Securities, Inc. 0.27% of their portfolio Cincinnati, OH 106,912106.9k $4.8m $4.8m 0.27% Added +13.6k +13,628
56 SACKS & ASSOCIATES, LLC 3.17% of their portfolio WARREN, NJ 104,910104.9k $4.7m $4.7m 3.17% Added +1.1k +1,115
57 Mission Hills Financial Advisory, LLC 1.98% of their portfolio SAN DIEGO, CA 100,724100.7k $4.5m $4.5m 1.98% Reduced -55.6k -55,641
58 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 100,086100.1k $4.5m $4.5m 0.01% Reduced -3.3k -3,292
59 WMS Group LLC 5.76% of their portfolio FOLSOM, LA 99,84199.8k $4.5m $4.5m 5.76% Added +8.9k +8,856
60 TRUSTMARK BANK TRUST DEPARTMENT 0.24% of their portfolio JACKSON, MS 89,00089.0k $4.0m $4.0m 0.24% Unchanged
61 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 88,75588.8k $4.0m $4.0m 0.01% New
62 PCG Wealth Advisors, LLC 0.89% of their portfolio OVERLAND PARK, KS 88,71688.7k $4.0m $4.0m 0.89% Reduced -537 -537
63 New England Private Wealth Advisors LLC 0.38% of their portfolio WELLESLEY, MA 87,65787.7k $3.9m $3.9m 0.38% Added +1.4k +1,351
64 Huntleigh Advisors, Inc. 0.55% of their portfolio ST. LOUIS, MO 87,43387.4k $3.9m $3.9m 0.55% Added +1.9k +1,921
65 Colorado Capital Management, Inc. 1.32% of their portfolio BOULDER, CO 86,12886.1k $3.9m $3.9m 1.32% Added +3.0k +3,000
66 Snowden Capital Advisors LLC 0.09% of their portfolio New York, NY 84,95485.0k $3.8m $3.8m 0.09% Added +3.7k +3,737
67 Aurora Private Wealth, Inc. 2.39% of their portfolio ROCKAWAY, NJ 84,10284.1k $3.8m $3.8m 2.39% Reduced -1.2k -1,169
68 OneDigital Investment Advisors LLC 0.03% of their portfolio OVERLAND PARK, KS 83,79983.8k $3.8m $3.8m 0.03% Reduced -1.4k -1,398
69 ELEVATION POINT WEALTH PARTNERS, LLC 0.07% of their portfolio DENVER, CO 78,61378.6k $3.5m $3.5m 0.07% New
70 True Blue Financial, LLC 1.45% of their portfolio STEVENSVILLE, MI 76,87976.9k $3.4m $3.4m 1.45% Added +18.2k +18,168
71 Oder Investment Management, LLC 2.30% of their portfolio WOODLAND HILLS, CA 76,65576.7k $3.4m $3.4m 2.30% Reduced -309 -309
72 Private Advisory Group LLC 0.19% of their portfolio REDMOND, WA 74,92074.9k $3.4m $3.4m 0.19% Added +8.9k +8,944
73 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 72,39272.4k $3.2m $3.2m 0.02% Reduced -4.0k -3,972
74 Aspen Investment Management Inc 0.87% of their portfolio GRAND RAPIDS, MI 72,33472.3k $3.2m $3.2m 0.87% Reduced -870 -870
75 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 68,72768.7k $3.1m $3.1m 0.02% Added +4.2k +4,199
76 THRYVE WEALTH MANAGEMENT LLC 1.70% of their portfolio IRVING, TX 67,79867.8k $3.0m $3.0m 1.70% Reduced -1.4k -1,386
77 FLAGSTAR SECURITIES, INC 0.91% of their portfolio New York, NY 66,98867.0k $3.0m $3.0m 0.91% Added +53 +53
78 Kingsview Wealth Management, LLC 0.04% of their portfolio GRANTS PASS, OR 66,29766.3k $3.0m $3.0m 0.04% Reduced -270 -270
79 Flaharty Asset Management, LLC 4.17% of their portfolio CLEARWATER, FL 64,93664.9k $2.9m $2.9m 4.17% Reduced -735.1k -735,135
80 Valmark Advisers, Inc. 0.03% of their portfolio AKRON, OH 64,42964.4k $2.9m $2.9m 0.03% Added +4.8k +4,765
81 Impact Partnership Wealth, LLC 0.28% of their portfolio MARIETTA, GA 64,21164.2k $2.9m $2.9m 0.28% Added +15.9k +15,916
82 Harvest Investment Services, LLC 0.44% of their portfolio Oakbrook Terrace, IL 62,91562.9k $2.8m $2.8m 0.44% Reduced -3.6k -3,580
83 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 61,41461.4k $2.7m $2.7m 0.02% Added +4.1k +4,066
84 Trinity Legacy Partners, LLC 0.53% of their portfolio HOUSTON, TX 59,27959.3k $2.7m $2.7m 0.53% Reduced -5.5k -5,478
85 RFG Advisory, LLC 0.04% of their portfolio BIRMINGHAM, AL 56,87156.9k $2.5m $2.5m 0.04% Added +9.2k +9,166
86 SageView Advisory Group, LLC 0.08% of their portfolio Newport Beach, CA 56,72756.7k $2.5m $2.5m 0.08% Reduced -1.0k -1,037
87 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 56,43656.4k $2.5m $2.5m 0.00% Added +16.7k +16,749
88 First Financial Group Corp 1.75% of their portfolio RALEIGH, NC 54,12754.1k $2.4m $2.4m 1.75% Reduced -619 -619
89 GRIMES & Co WEALTH MANAGEMENT, LLC 0.05% of their portfolio WESTBOROUGH, MA 53,64353.6k $2.4m $2.4m 0.05% Reduced -3.8k -3,836
90 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 51,03051.0k $2.3m $2.3m 0.00% Reduced -893 -893
91 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 47,52447.5k $2.1m $2.1m 0.01% Reduced -397 -397
92 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 47,29747.3k $2.1m $2.1m 0.00% Added +1.1k +1,079
93 Garden State Investment Advisory Services LLC 0.41% of their portfolio Red Bank, NJ 46,49046.5k $2.1m $2.1m 0.41% Reduced -990 -990
94 PINNACLE ASSOCIATES LTD 0.02% of their portfolio NEW YORK, NY 46,18546.2k $2.1m $2.1m 0.02% Added +21.7k +21,725
95 OPPENHEIMER & CO INC 0.02% of their portfolio NEW YORK, NY 45,23845.2k $2.0m $2.0m 0.02% Reduced -2.4k -2,436
96 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 45,13445.1k $2.0m $2.0m 0.00% Reduced -25.3k -25,320
97 Key Client Fiduciary Advisors, LLC 0.59% of their portfolio Fairfield, NJ 45,12545.1k $2.0m $2.0m 0.59% Reduced -12.6k -12,575
98 Arete Wealth Advisors, LLC 0.13% of their portfolio CHICAGO, IL 45,06745.1k $2.0m $2.0m 0.13% Added +446 +446
99 TWIN PEAKS WEALTH ADVISORS, LLC 0.45% of their portfolio SAN FRANCISCO, CA 44,61344.6k $2.0m $2.0m 0.45% Reduced -1.9k -1,938
100 B. Riley Wealth Advisors, Inc. 0.11% of their portfolio MEMPHIS, TN 44,53544.5k $2.0m $2.0m 0.11% Added +6.0k +6,004