Vault-13

FIRST TR EXCHANGE-TRADED FD RDVI

FT VEST RIS · ETP · CUSIP 33738D879

249 institutional holders +3 vs Q2 2025
52,583,32952.6m shares reported held*
$1.4bnreported value*
26 new 147 added 58 reduced 14 sold out net bought ≈ $97.2m (+3.8m 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 ($2.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.84. Options: 1 managers hold calls ($258.5k notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 1Q4 22: 16Q1 23: 43Q2 23: 80Q3 23: 102Q4 23: 134Q1 24: 150Q2 24: 168Q3 24: 192Q4 24: 225Q1 25: 231Q2 25: 246Q3 25: 249249Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 20221
Q4 202216
Q1 202343
Q2 202380
Q3 2023102
Q4 2023134
Q1 2024150
Q2 2024168
Q3 2024192
Q4 2024225
Q1 2025231
Q2 2025246
Q3 2025249

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 85 bought or addedQ4 23: 31 cut or sold outQ1 24: 113 bought or addedQ1 24: 36 cut or sold outQ1 24Q2 24: 132 bought or addedQ2 24: 30 cut or sold outQ3 24: 139 bought or addedQ3 24: 37 cut or sold outQ3 24Q4 24: 158 bought or addedQ4 24: 44 cut or sold outQ1 25: 160 bought or addedQ1 25: 69 cut or sold outQ1 25Q2 25: 169 bought or addedQ2 25: 75 cut or sold outQ3 25: 173 bought or addedQ3 25: 72 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20238531
Q1 202411336
Q2 202413230
Q3 202413937
Q4 202415844
Q1 202516069
Q2 202516975
Q3 202517372

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ4 24 calls: $33.9kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $748.7kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $258.5kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$33.9k$00.00
Q1 2025$0$0—
Q2 2025$748.7k$00.00
Q3 2025$258.5k$00.00

Biggest buyers

LPL Financial LLC Added +1,468,585+1.5m
Merit Financial Group, LLC New +646,003+646.0k
Cetera Investment Advisers Added +576,062+576.1k
RAYMOND JAMES FINANCIAL INC Added +414,227+414.2k
ENVESTNET ASSET MANAGEMENT INC Added +309,852+309.9k
OSAIC HOLDINGS, INC. Added +274,434+274.4k
WELLS FARGO & COMPANY/MN Added +266,341+266.3k
Cambridge Investment Research Advisors, Inc. Added +221,337+221.3k
Integrated Wealth Concepts LLC Added +205,272+205.3k
Summit Financial, LLC New +187,609+187.6k

Biggest sellers

ROYAL BANK OF CANADA Reduced -1,731,991-1.7m
Arax Advisory Partners Sold out -685,753-685.8k
Atlas Private Wealth Advisors Reduced -418,679-418.7k
Coppell Advisory Solutions LLC Reduced -110,317-110.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -103,969-104.0k
Rockefeller Capital Management L.P. Reduced -92,774-92.8k
Ergawealth Advisors, Inc. Reduced -68,568-68.6k
TRUIST FINANCIAL CORP Reduced -68,121-68.1k
Baird Financial Group, Inc. Reduced -57,480-57.5k
Kingsview Wealth Management, LLC Reduced -52,657-52.7k

Biggest calls

CITADEL ADVISORS LLC Reduced $258.5k10.0k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FIRST TRUST PORTFOLIOS LP 13G · institution -1.4 pts · filed 2026-10-14 11.1% -1.4 pts 14.7m≈ $431.9m 2026-10-14

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 9,273,6259.3m $239.7m $239.7m 0.07% Added +1.5m +1,468,585
2 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 3,003,5673.0m $77.6m $77.6m 0.02% Added +414.2k +414,227
3 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,637,3932.6m $68.2m $68.2m 0.01% Added +266.3k +266,341
4 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 2,219,2152.2m $57.4m $57.4m 0.05% Added +76.2k +76,224
5 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 2,097,6232.1m $54.2m $54.2m 0.06% Added +576.1k +576,062
6 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,966,1692.0m $50.8m $50.8m 0.01% Reduced -1.7m -1,731,991
7 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 1,939,8361.9m $50.1m $50.1m 0.06% Added +113.1k +113,066
8 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 1,480,8801.5m $37.9m $37.9m 0.05% Added +274.4k +274,434
9 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 962,695962.7k $24.9m $24.9m 0.04% Reduced -57.5k -57,480
10 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 923,088923.1k $23.9m $23.9m 0.01% Added +309.9k +309,852
11 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 908,763908.8k $23.5m $23.5m 0.06% Added +221.3k +221,337
12 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 856,412856.4k $22.1m $22.1m 0.04% Reduced -1.4k -1,413
13 Kestra Advisory Services, LLC 0.10% of their portfolio AUSTIN, TX 806,916806.9k $20.9m $20.9m 0.10% Added +161.9k +161,874
14 PINNACLE ASSOCIATES LTD 0.27% of their portfolio NEW YORK, NY 799,660799.7k $20.7m $20.7m 0.27% Added +27.2k +27,181
15 Prospera Financial Services Inc 0.33% of their portfolio Dallas, TX 753,087753.1k $19.5m $19.5m 0.33% Added +69.8k +69,783
16 PARK NATIONAL CORP /OH/ 0.56% of their portfolio NEWARK, OH 693,897693.9k $17.9m $17.9m 0.56% Reduced -24.2k -24,166
17 Merit Financial Group, LLC 0.15% of their portfolio ALPHARETTA, GA 646,003646.0k $16.7m $16.7m 0.15% New
18 Second Half Financial Partners, LLC 7.15% of their portfolio SEBRING, FL 628,118628.1k $16.2m $16.2m 7.15% Reduced -6.1k -6,072
19 Luken Investment Analytics, LLC 6.34% of their portfolio BRENTWOOD, TN 627,752627.8k $16.2m $16.2m 6.34% Added +151.4k +151,442
20 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 619,155619.2k $16.0m $16.0m 0.02% Added +27.5k +27,535
21 ADAMSBROWN WEALTH CONSULTANTS LLC 4.24% of their portfolio WICHITA, KS 595,337595.3k $15.4m $15.4m 4.24% Added +54.3k +54,333
22 HARBOUR INVESTMENTS, INC. 0.35% of their portfolio MADISON, WI 591,991592.0k $15.3m $15.3m 0.35% Added +27.2k +27,172
23 Prime Capital Investment Advisors, LLC 0.19% of their portfolio OVERLAND PARK, KS 590,871590.9k $15.3m $15.3m 0.19% Added +26.3k +26,264
24 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 588,943588.9k $15.2m $15.2m 0.04% Added +13.2k +13,191
25 VestGen Advisors, LLC 0.48% of their portfolio CHICAGO, IL 561,816561.8k $14.5m $14.5m 0.48% Added +26.9k +26,910
26 Integrated Wealth Concepts LLC 0.12% of their portfolio WALTHAM, MA 520,737520.7k $13.5m $13.5m 0.12% Added +205.3k +205,272
27 Beaumont Financial Advisors, LLC 0.85% of their portfolio NEEDHAM, MA 491,177491.2k $12.7m $12.7m 0.85% Reduced -17.3k -17,283
28 Atlas Private Wealth Advisors 3.07% of their portfolio RED BANK, NJ 484,327484.3k $12.5m $12.5m 3.07% Reduced -418.7k -418,679
29 Clarus Group, Inc. 3.99% of their portfolio HOUSTON, TX 444,379444.4k $11.5m $11.5m 3.99% Added +11.4k +11,372
30 Argent Advisors, Inc. 3.10% of their portfolio RUSTON, LA 406,424406.4k $10.5m $10.5m 3.10% Added +19.7k +19,723
31 SILVER OAK SECURITIES, INCORPORATED 0.77% of their portfolio JACKSON, TN 400,024400.0k $10.3m $10.3m 0.77% Added +55.2k +55,203
32 Summit Financial Wealth Advisors, LLC 1.46% of their portfolio Lafayette, LA 366,275366.3k $9.5m $9.5m 1.46% Added +20.3k +20,282
33 Echo Wealth Management, LLC 5.13% of their portfolio PLYMOUTH, MN 340,319340.3k $8.8m $8.8m 5.13% Added +5.5k +5,513
34 Pinnacle Wealth Management Advisory Group, LLC 0.63% of their portfolio RED BANK, NJ 322,292322.3k $8.3m $8.3m 0.63% Added +4.1k +4,060
35 Mariner, LLC 0.01% of their portfolio Overland Park, KS 322,221322.2k $8.3m $8.3m 0.01% Added +11.5k +11,469
36 Cooper Capital Advisors LLC 5.21% of their portfolio Encinitas, CA 311,701311.7k $8.1m $8.1m 5.21% Added +20.3k +20,277
37 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 293,291293.3k $7.6m $7.6m 0.01% Added +10.9k +10,893
38 PRINCIPAL SECURITIES, INC. 0.12% of their portfolio DES MOINES, IA 289,887289.9k $7.5m $7.5m 0.12% Reduced -15.5k -15,455
39 Concurrent Investment Advisors, LLC 0.11% of their portfolio Tampa, FL 255,972256.0k $6.6m $6.6m 0.11% Added +27.4k +27,412
40 Snowden Capital Advisors LLC 0.18% of their portfolio New York, NY 252,546252.5k $6.5m $6.5m 0.18% Added +118.5k +118,535
41 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 229,895229.9k $5.7m $5.7m 0.02% Added +115.0k +114,989
42 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 201,464201.5k $5.2m $5.2m 0.01% Reduced -92.8k -92,774
43 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 194,310194.3k $5.0m $5.0m 0.03% Added +167.8k +167,788
44 Summit Financial, LLC 0.07% of their portfolio PARSIPPANY, NJ 187,609187.6k $4.8m $4.8m 0.07% New
45 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 186,024186.0k $4.8m $4.8m 0.02% Added +18.1k +18,126
46 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 182,604182.6k $4.7m $4.7m 0.02% Added +40.3k +40,304
47 SYNOVUS FINANCIAL CORP 0.05% of their portfolio Columbus, GA 182,126182.1k $4.7m $4.7m 0.05% Added +117.2k +117,159
48 ARQ WEALTH ADVISORS, LLC 1.39% of their portfolio SCOTTSDALE, AZ 181,733181.7k $4.7m $4.7m 1.39% Added +71.8k +71,786
49 Capital Investment Advisory Services, LLC 0.36% of their portfolio RALEIGH, NC 177,798177.8k $4.6m $4.6m 0.36% Added +29.7k +29,702
50 Stratos Wealth Partners, LTD. 0.05% of their portfolio BEACHWOOD, OH 176,950176.9k $4.6m $4.6m 0.05% Added +13.3k +13,311
51 RFG Advisory, LLC 0.09% of their portfolio BIRMINGHAM, AL 173,784173.8k $4.5m $4.5m 0.09% Added +39.2k +39,158
52 Gateway Wealth Partners, LLC 0.59% of their portfolio APPLETON, WI 169,378169.4k $4.4m $4.4m 0.59% Added +2.5k +2,525
53 Meadow Creek Wealth Advisors LLC 2.82% of their portfolio ATLANTA, GA 167,966168.0k $4.2m $4.2m 2.82% New
54 Coppell Advisory Solutions LLC 0.44% of their portfolio COPPELL, TX 160,129160.1k $4.1m $4.1m 0.44% Reduced -110.3k -110,317
55 Prosperity Financial Group, Inc. 1.47% of their portfolio San Ramon, CA 155,279155.3k $4.0m $4.0m 1.47% Added +14.4k +14,390
56 Patriot Financial Group Insurance Agency, LLC 0.50% of their portfolio Westborough, MA 151,144151.1k $3.9m $3.9m 0.50% Added +6.5k +6,468
57 Prostatis Group LLC 0.96% of their portfolio HANOVER, MD 148,867148.9k $3.8m $3.8m 0.96% Reduced -12.4k -12,357
58 Trueblood Wealth Management, LLC 1.44% of their portfolio LIMA, OH 142,575142.6k $3.7m $3.7m 1.44% Added +12.1k +12,087
59 J.W. COLE ADVISORS, INC. 0.07% of their portfolio TAMPA, FL 141,247141.2k $3.7m $3.7m 0.07% Added +23.2k +23,233
60 Semus Wealth Partners LLC 2.04% of their portfolio Boca Raton, FL 139,190139.2k $3.6m $3.6m 2.04% Added +19.9k +19,855
61 Kingsview Wealth Management, LLC 0.05% of their portfolio GRANTS PASS, OR 136,614136.6k $3.5m $3.5m 0.05% Reduced -52.7k -52,657
62 G&S Capital LLC 1.30% of their portfolio DENVER, CO 136,414136.4k $3.5m $3.5m 1.30% Added +4.2k +4,196
63 RiverTree Advisors, LLC 2.13% of their portfolio WINTER PARK, FL 128,577128.6k $3.3m $3.3m 2.13% Added +22.4k +22,423
64 INDEPENDENT FINANCIAL GROUP, LLC 0.08% of their portfolio SAN DIEGO, CA 128,372128.4k $3.3m $3.3m 0.08% Added +53.1k +53,062
65 Atlas Wealth LLC 1.07% of their portfolio CINCINNATI, OH 128,328128.3k $3.3m $3.3m 1.07% Added +15.0k +15,022
66 Whipplewood Advisors, LLC 2.18% of their portfolio LITTLETON, CO 128,040128.0k $3.3m $3.3m 2.18% Reduced -843 -843
67 Ergawealth Advisors, Inc. 1.49% of their portfolio OAK BROOK, IL 123,337123.3k $3.2m $3.2m 1.49% Reduced -68.6k -68,568
68 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 121,412121.4k $3.1m $3.1m 0.02% Added +15.7k +15,737
69 StoneX Group Inc. 0.14% of their portfolio NEW YORK, NY 121,332121.3k $3.1m $3.1m 0.14% Added +28.0k +28,001
70 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 119,312119.3k $3.1m $3.1m 0.00% Reduced -68.1k -68,121
71 IFP Advisors, Inc 0.08% of their portfolio TAMPA, FL 112,638112.6k $2.9m $2.9m 0.08% Added +38.6k +38,567
72 Midwest Financial Group LLC 1.36% of their portfolio Overland Park, KS 110,162110.2k $2.8m $2.8m 1.36% Added +1.6k +1,567
73 Retirement Planning Group, LLC 0.10% of their portfolio LEAWOOD, KS 108,663108.7k $2.8m $2.8m 0.10% Added +54.8k +54,796
74 Delta Investment Management, LLC 0.49% of their portfolio SAN FRANCISCO, CA 106,547106.5k $2.8m $2.8m 0.49% Added +26.8k +26,770
75 CALTON & ASSOCIATES, INC. 0.41% of their portfolio Tampa, FL 105,367105.4k $2.7m $2.7m 0.41% Added +66.7k +66,705
76 Arkadios Wealth Advisors 0.07% of their portfolio ATLANTA, GA 103,833103.8k $2.7m $2.7m 0.07% Added +58.4k +58,389
77 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 103,450103.5k $2.7m $2.7m 0.03% Added +5.2k +5,215
78 OPPENHEIMER & CO INC 0.03% of their portfolio NEW YORK, NY 101,919101.9k $2.6m $2.6m 0.03% Added +9.4k +9,375
79 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 101,011101.0k $2.6m $2.6m 0.02% Added +2.5k +2,458
80 Rehmann Capital Advisory Group 0.14% of their portfolio LANSING, MI 95,88195.9k $2.5m $2.5m 0.14% Reduced -1.8k -1,821
81 Capital Analysts, LLC 0.07% of their portfolio FORT WASHINGTON, PA 92,47692.5k $2.4m $2.4m 0.07% Added +5.0k +4,992
82 KPP Advisory Services LLC 0.34% of their portfolio Louisville, KY 88,39788.4k $2.3m $2.3m 0.34% Added +267 +267
83 Maridea Wealth Management LLC 0.35% of their portfolio BROOKLYN, NY 86,84786.8k $2.2m $2.2m 0.35% Reduced -3.1k -3,094
84 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 86,12586.1k $2.2m $2.2m 0.02% Added +30.4k +30,417
85 Balboa Wealth Partners 0.37% of their portfolio SCOTTSDALE, AZ 83,65183.7k $2.2m $2.2m 0.37% Added +2.1k +2,063
86 IHT Wealth Management, LLC 0.05% of their portfolio Chicago, IL 81,38981.4k $2.1m $2.1m 0.05% Added +6.1k +6,070
87 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 76,69776.7k $2.0m $2.0m 0.00% Added +20.9k +20,939
88 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 72,30972.3k $1.9m $1.9m 0.02% Added +9.4k +9,434
89 WEDBUSH SECURITIES INC 0.06% of their portfolio PASADENA, CA 71,70671.7k $1.9m $1.9m 0.06% Reduced -3.7k -3,666
90 Stonebridge Financial Planning Group, LLC 0.68% of their portfolio ORLANDO, FL 70,26570.3k $1.8m $1.8m 0.68% Added +1.6k +1,569
91 Triumph Capital Management 0.49% of their portfolio DENVER, CO 69,78069.8k $1.8m $1.8m 0.49% Added +3.5k +3,477
92 MILESTONE ASSET MANAGEMENT, LLC 0.34% of their portfolio PITTSBURGH, PA 69,46969.5k $1.8m $1.8m 0.34% Added +29.3k +29,298
93 Farther Finance Advisors, LLC 0.03% of their portfolio SAN FRANCISCO, CA 68,87668.9k $1.8m $1.8m 0.03% Added +33.6k +33,612
94 GPS Wealth Strategies Group, LLC 0.18% of their portfolio CENTENNIAL, CO 67,72767.7k $1.8m $1.8m 0.18% Added +9.0k +9,044
95 Ausdal Financial Partners, Inc. 0.08% of their portfolio Davenport, IA 65,09565.1k $1.7m $1.7m 0.08% Added +439 +439
96 Truvestments Capital LLC 0.30% of their portfolio SARASOTA, FL 64,76664.8k $1.7m $1.7m 0.30% Reduced -4.6k -4,622
97 Boyce & Associates Wealth Consulting, Inc. 1.37% of their portfolio CEDAR PARK, TX 64,58064.6k $1.7m $1.7m 1.37% Reduced -765 -765
98 Econ Financial Services Corp 0.82% of their portfolio HARRISBURG, PA 63,44963.4k $1.6m $1.6m 0.82% Added +919 +919
99 CWM, LLC 0.00% of their portfolio OMAHA, NE 62,02362.0k $1.6m $1.6m 0.00% Reduced -2.9k -2,919
100 Tidemark, LLC 0.46% of their portfolio SAN DIEGO, CA 61,27861.3k $1.6m $1.6m 0.46% Added +27.0k +27,003