Vault-13

FIRST TR EXCHANGE-TRADED FD LQTI

VEST INVESTMENT · ETP · CUSIP 33738D747

46 institutional holders +12 vs Q3 2025
9,777,4179.8m shares reported held*
$196.7mreported value*
17 new 21 added 4 reduced 4 sold out net bought ≈ $77.7m (+3.9m 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 ≈ $20.12.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 25: 9Q2 25: 25Q3 25: 34Q4 25: 4646Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q1 20259
Q2 202525
Q3 202534
Q4 202546

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 25: 19 bought or addedQ2 25: 2 cut or sold outQ2 25Q3 25: 29 bought or addedQ3 25: 6 cut or sold outQ3 25Q4 25: 38 bought or addedQ4 25: 8 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q2 2025192
Q3 2025296
Q4 2025388

Biggest buyers

Rise Advisors, LLC Added +820,002+820.0k
Janney Montgomery Scott LLC New +541,328+541.3k
CREATIVE FINANCIAL DESIGNS INC /ADV New +445,943+445.9k
GUARDIAN WEALTH ADVISORS, LLC / NC Added +369,463+369.5k
Aptus Capital Advisors, LLC Added +355,169+355.2k
COMMONWEALTH EQUITY SERVICES, LLC Added +346,818+346.8k
Mutual Advisors, LLC New +177,445+177.4k
Delta Investment Management, LLC New +152,155+152.2k
GREAT VALLEY ADVISOR GROUP, INC. Added +129,920+129.9k
JANE STREET GROUP, LLC Added +82,507+82.5k

Biggest sellers

OneDigital Investment Advisors LLC Reduced -54,897-54.9k
OLD MISSION CAPITAL LLC Sold out -45,193-45.2k
Ameritas Advisory Services, LLC Sold out -27,982-28.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -12,214-12.2k
American Financial Advisors, LLC Reduced -9,974-10.0k
Apollon Wealth Management, LLC Reduced -508-508
JONES FINANCIAL COMPANIES LLLP Sold out -500-500
AE Wealth Management LLC Reduced -66-66

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GUARDIAN WEALTH ADVISORS, LLC / NC 2.40% of their portfolio RALEIGH, NC 1,904,7091.9m $38.3m $38.3m 2.40% Added +369.5k +369,463
2 Aptus Capital Advisors, LLC 0.32% of their portfolio FAIRHOPE, AL 1,890,4151.9m $38.0m $38.0m 0.32% Added +355.2k +355,169
3 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 1,174,7361.2m $23.6m $23.6m 0.03% Added +346.8k +346,818
4 Rise Advisors, LLC 5.94% of their portfolio ROCHESTER, NY 827,524827.5k $16.6m $16.6m 5.94% Added +820.0k +820,002
5 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 541,328541.3k $10.9m $10.9m 0.02% New
6 Cooper Capital Advisors LLC 6.52% of their portfolio Encinitas, CA 515,040515.0k $10.4m $10.4m 6.52% Added +43.4k +43,415
7 CREATIVE FINANCIAL DESIGNS INC /ADV 0.57% of their portfolio KOKOMO, IN 445,943445.9k $9.0m $9.0m 0.57% New
8 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 207,403207.4k $4.2m $4.2m 0.00% Added +41.7k +41,712
9 GREAT VALLEY ADVISOR GROUP, INC. 0.08% of their portfolio WILMINGTON, DE 199,341199.3k $4.0m $4.0m 0.08% Added +129.9k +129,920
10 Sulzberger Capital Advisors, Inc. 3.71% of their portfolio MIAMI, FL 182,357182.4k $3.7m $3.7m 3.71% Added +5.3k +5,258
11 Mutual Advisors, LLC 0.08% of their portfolio OMAHA, NE 177,445177.4k $3.6m $3.6m 0.08% New
12 Prosperity Financial Group, Inc. 1.24% of their portfolio San Ramon, CA 171,043171.0k $3.4m $3.4m 1.24% Added +1.0k +1,024
13 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 160,536160.5k $3.2m $3.2m 0.00% Added +82.5k +82,507
14 Delta Investment Management, LLC 0.53% of their portfolio SAN FRANCISCO, CA 152,155152.2k $3.1m $3.1m 0.53% New
15 Independent Wealth Network Inc. 0.68% of their portfolio URBANDALE, IA 110,790110.8k $2.2m $2.2m 0.68% Added +8.4k +8,416
16 Insight Advisors, LLC/ PA 0.32% of their portfolio Newtown, PA 103,711103.7k $2.1m $2.1m 0.32% Added +40.6k +40,599
17 SageGuard Financial Group, LLC 0.28% of their portfolio GOODLETTSVILLE, TN 87,76987.8k $1.8m $1.8m 0.28% First filing
18 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 87,20187.2k $1.8m $1.8m 0.02% Added +3.4k +3,390
19 American Financial Advisors, LLC 0.21% of their portfolio Marietta, GA 81,33381.3k $1.6m $1.6m 0.21% Reduced -10.0k -9,974
20 INDEPENDENT FINANCIAL GROUP, LLC 0.03% of their portfolio SAN DIEGO, CA 74,25774.3k $1.5m $1.5m 0.03% Added +30.3k +30,253
21 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 67,46667.5k $1.4m $1.4m 0.00% Added +51.0k +51,024
22 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 60,57960.6k $1.2m $1.2m 0.01% Reduced -54.9k -54,897
23 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 53,51053.5k $1.1m $1.1m 0.00% New
24 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 46,11846.1k $927.9k $927.9k 0.01% New
25 Capital Investment Advisory Services, LLC 0.06% of their portfolio RALEIGH, NC 41,93041.9k $843.6k $843.6k 0.06% Added +17.4k +17,445
26 Wealth Watch Advisors, INC 0.29% of their portfolio ENGLEWOOD, CO 39,17039.2k $788.1k $788.1k 0.29% New
27 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 37,19237.2k $748.3k $748.3k 0.01% New
28 Southern Financial Group, LLC 0.21% of their portfolio BIRMINGHAM, AL 36,38036.4k $732.0k $732.0k 0.21% First filing
29 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 32,96433.0k $663.2k $663.2k 0.02% New
30 Forefront Wealth Partners, LLC 0.31% of their portfolio AUSTIN, TX 32,91832.9k $662.3k $662.3k 0.31% Added +621 +621
31 Capital Analysts, LLC 0.02% of their portfolio FORT WASHINGTON, PA 31,94931.9k $643.0k $643.0k 0.02% Added +18.9k +18,936
32 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.03% of their portfolio CEDAR RAPIDS, IA 28,04528.0k $564.3k $564.3k 0.03% Added +11.0k +11,035
33 Quad-Cities Investment Group, LLC 0.21% of their portfolio DAVENPORT, IA 25,16125.2k $506.2k $506.2k 0.21% New
34 1776 Wealth LLC 0.17% of their portfolio ATLANTA, GA 22,38222.4k $450.3k $450.3k 0.17% New
35 Stenger Family Office, LLC 0.09% of their portfolio Naperville, IL 21,24621.2k $427.5k $427.5k 0.09% New
36 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 21,03521.0k $423.2k $423.2k 0.01% Reduced -508 -508
37 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 17,32917.3k $348.7k $348.7k 0.01% Added +4.5k +4,483
38 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,89512.9k $259.0k $259.0k 0.00% New
39 TFB Advisors LLC 0.07% of their portfolio OVERLAND PARK, KS 12,58512.6k $253.2k $253.2k 0.07% Unchanged
40 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 12,49912.5k $251.5k $251.5k 0.00% New
41 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 10,75410.8k $216.4k $216.4k 0.00% New
42 Ferguson Shapiro LLC 0.06% of their portfolio DECATUR, GA 10,30410.3k $207.3k $207.3k 0.06% Unchanged
43 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 7,7417.7k $155.7k $155.7k 0.00% Added +439 +439
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 191191 $3.8k $3.8k 0.00% New
45 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3737 $744 $744 0.00% New
46 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 11 $12 $12 0.00% Reduced -66 -66