Vault-13

FIRST TR EXCHANGE TRADED FD AIRR

RBA INDL ETF · ETP · CUSIP 33738R704

346 institutional holders +11 vs Q1 2025
34,005,55534.0m shares reported held*
$2.8bnreported value*
42 new 170 added 90 reduced 33 sold out net bought ≈ $184.0m (+2.3m 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 ($1.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $81.43. Options: 2 managers hold calls ($358.2k notional), 2 hold puts ($8.1k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 63Q4 22: 79Q1 23: 88Q2 23: 102Q3 23: 125Q4 23: 137Q1 24: 141Q2 24: 189Q3 24: 208Q4 24: 309Q1 25: 335Q2 25: 346346Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202263
Q4 202279
Q1 202388
Q2 2023102
Q3 2023125
Q4 2023137
Q1 2024141
Q2 2024189
Q3 2024208
Q4 2024309
Q1 2025335
Q2 2025346

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 84 bought or addedQ3 23: 27 cut or sold outQ4 23: 68 bought or addedQ4 23: 50 cut or sold outQ4 23Q1 24: 83 bought or addedQ1 24: 53 cut or sold outQ2 24: 129 bought or addedQ2 24: 37 cut or sold outQ2 24Q3 24: 135 bought or addedQ3 24: 64 cut or sold outQ4 24: 229 bought or addedQ4 24: 39 cut or sold outQ4 24Q1 25: 244 bought or addedQ1 25: 88 cut or sold outQ2 25: 212 bought or addedQ2 25: 123 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20238427
Q4 20236850
Q1 20248353
Q2 202412937
Q3 202413564
Q4 202422939
Q1 202524488
Q2 2025212123

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ3 24 calls: $89.6kQ3 24 puts: $283.7kQ3 24P/C 3.17Q4 24 calls: $346.7kQ4 24 puts: $7.7kQ4 24P/C 0.02Q1 25 calls: $886.7kQ1 25 puts: $13.6kQ1 25P/C 0.02Q2 25 calls: $358.2kQ2 25 puts: $8.1kQ2 25P/C 0.02
Numbers
QuarterCallsPutsP/C
Q3 2024$89.6k$283.7k3.17
Q4 2024$346.7k$7.7k0.02
Q1 2025$886.7k$13.6k0.02
Q2 2025$358.2k$8.1k0.02

Biggest buyers

ROYAL BANK OF CANADA Added +931,067+931.1k
Parcion Private Wealth LLC Added +228,754+228.8k
BANK OF AMERICA CORP /DE/ Added +220,666+220.7k
Rockefeller Capital Management L.P. Added +125,059+125.1k
Cambridge Investment Research Advisors, Inc. Added +84,812+84.8k
STIFEL FINANCIAL CORP Added +77,913+77.9k
FLPUTNAM INVESTMENT MANAGEMENT CO Added +72,526+72.5k
FLAGSHIP HARBOR ADVISORS, LLC New +66,760+66.8k
Kestra Advisory Services, LLC Added +62,006+62.0k
MORGAN STANLEY Added +60,168+60.2k

Biggest sellers

N.E.W. Advisory Services LLC Reduced -108,727-108.7k
Black Swift Group, LLC Sold out -98,815-98.8k
GWN SECURITIES INC. Reduced -78,653-78.7k
Concurrent Investment Advisors, LLC Reduced -69,435-69.4k
Sigma Planning Corp Reduced -64,535-64.5k
MARSHALL INVESTMENT MANAGEMENT, LLC Sold out -55,253-55.3k
Qube Research & Technologies Ltd Reduced -40,625-40.6k
Global Assets Advisory, LLC Reduced -36,230-36.2k
RFG Advisory, LLC Reduced -32,562-32.6k
AssuredPartners Investment Advisors, LLC Sold out -31,535-31.5k

Biggest calls

Belvedere Trading LLC Reduced $358.2k4.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Belvedere Trading LLC Reduced $8.1k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 6,065,8076.1m $493.8m $493.8m 0.04% Added +220.7k +220,666
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 4,225,2204.2m $343.9m $343.9m 0.02% Added +60.2k +60,168
3 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 3,382,6623.4m $275.3m $275.3m 0.09% Added +27.7k +27,720
4 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,777,3761.8m $144.7m $144.7m 0.03% Reduced -22.5k -22,475
5 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,733,1461.7m $141.1m $141.1m 0.01% Added +931.1k +931,067
6 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 1,646,6991.6m $134.0m $134.0m 0.05% Added +13.1k +13,099
7 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,380,6411.4m $112.4m $112.4m 0.02% Added +54.7k +54,690
8 Cambridge Investment Research Advisors, Inc. 0.22% of their portfolio FAIRFIELD, IA 898,235898.2k $73.1m $73.1m 0.22% Added +84.8k +84,812
9 Parcion Private Wealth LLC 3.80% of their portfolio BELLEVUE, WA 653,750653.8k $53.2m $53.2m 3.80% Added +228.8k +228,754
10 Kestra Advisory Services, LLC 0.22% of their portfolio AUSTIN, TX 551,559551.6k $44.9m $44.9m 0.22% Added +62.0k +62,006
11 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 528,956529.0k $43.0m $43.0m 0.08% Added +26.0k +26,038
12 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 429,556429.6k $35.0m $35.0m 0.05% Added +22.8k +22,786
13 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 310,079310.1k $25.2m $25.2m 0.02% Added +77.9k +77,913
14 Mirae Asset Global Investments Co., Ltd. 0.08% of their portfolio SEOUL, M5 289,793289.8k $23.6m $23.6m 0.08% Added +8.0k +8,000
15 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 287,453287.5k $23.4m $23.4m 0.03% Reduced -23.0k -23,047
16 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 282,382282.4k $23.0m $23.0m 0.01% Added +43.4k +43,444
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 280,638280.6k $22.8m $22.8m 0.02% Reduced -14.8k -14,844
18 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 249,049249.0k $20.3m $20.3m 0.03% Added +7.4k +7,438
19 IHT Wealth Management, LLC 0.56% of their portfolio Chicago, IL 248,082248.1k $20.2m $20.2m 0.56% Reduced -14.6k -14,593
20 Pictet North America Advisors SA 1.96% of their portfolio GENEVA 73, V8 240,160240.2k $19.5m $19.5m 1.96% Reduced -13.1k -13,091
21 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 225,119225.1k $18.3m $18.3m 0.05% Added +18.9k +18,880
22 Private Advisor Group, LLC 0.10% of their portfolio MORRISTOWN, NJ 217,458217.5k $17.7m $17.7m 0.10% Added +47.3k +47,286
23 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 214,824214.8k $17.5m $17.5m 0.02% Added +125.1k +125,059
24 HARBOUR INVESTMENTS, INC. 0.37% of their portfolio MADISON, WI 179,730179.7k $14.6m $14.6m 0.37% Added +21.6k +21,555
25 AVANTAX ADVISORY SERVICES, INC. 0.08% of their portfolio DALLAS, TX 177,955178.0k $14.5m $14.5m 0.08% Added +21.4k +21,447
26 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.05% of their portfolio Tel Aviv, L3 177,688177.7k $14.5m $14.5m 1.05% Unchanged
27 Next Level Private LLC 4.65% of their portfolio HARRISON, NY 175,579175.6k $14.3m $14.3m 4.65% Added +12.9k +12,881
28 SAGE PRIVATE WEALTH GROUP, LLC 8.70% of their portfolio OAKBROOK TERRACE, IL 166,803166.8k $13.6m $13.6m 8.70% Reduced -11.0k -11,032
29 Parkside Investments, LLC 1.77% of their portfolio DEERFIELD, IL 159,644159.6k $13.0m $13.0m 1.77% Reduced -3.0k -2,991
30 Presidio Capital Management, LLC 4.78% of their portfolio SAN DIEGO, CA 152,503152.5k $12.4m $12.4m 4.78% Added +6.9k +6,891
31 Equitable Holdings, Inc. 0.09% of their portfolio NEW YORK, NY 138,773138.8k $11.3m $11.3m 0.09% Reduced -6.8k -6,762
32 Sanctuary Advisors, LLC 0.07% of their portfolio INDIANAPOLIS, IN 137,106137.1k $11.2m $11.2m 0.07% Added +11.0k +10,984
33 Frederick Financial Consultants, LLC 6.92% of their portfolio FREDERICK, MD 136,895136.9k $11.1m $11.1m 6.92% Added +6.3k +6,292
34 Steward Partners Investment Advisory, LLC 0.07% of their portfolio STAMFORD, CT 117,515117.5k $9.6m $9.6m 0.07% Reduced -2.3k -2,286
35 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 116,360116.4k $9.5m $9.5m 0.00% Added +1.2k +1,249
36 Crumly & Associates Inc. 1.98% of their portfolio SPRINGFIELD, IL 99,71499.7k $8.1m $8.1m 1.98% Added +17.3k +17,315
37 Atlas Wealth LLC 2.98% of their portfolio CINCINNATI, OH 99,37299.4k $8.2m $8.2m 2.98% Added +1.6k +1,610
38 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 98,96699.0k $8.1m $8.1m 0.01% Added +29.7k +29,652
39 FLPUTNAM INVESTMENT MANAGEMENT CO 0.14% of their portfolio PORTLAND, ME 97,53397.5k $7.9m $7.9m 0.14% Added +72.5k +72,526
40 Prospera Financial Services Inc 0.14% of their portfolio Dallas, TX 91,43191.4k $7.4m $7.4m 0.14% Added +9.0k +9,039
41 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 87,08687.1k $7.1m $7.1m 0.02% Added +2.5k +2,475
42 Schorn Wealth LLC 2.27% of their portfolio ENGLEWOOD, FL 84,34484.3k $6.9m $6.9m 2.27% Reduced -3.6k -3,590
43 Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio BERWYN, PA 78,17678.2k $6.4m $6.4m 0.02% Added +22.6k +22,649
44 CWM, LLC 0.02% of their portfolio OMAHA, NE 77,80077.8k $6.3m $6.3m 0.02% Added +3.3k +3,333
45 Symphony Financial Services, Inc. 3.73% of their portfolio AKRON, OH 76,67376.7k $6.2m $6.2m 3.73% Added +10.4k +10,366
46 Jaffetilchin Investment Partners, LLC 0.39% of their portfolio TAMPA, FL 73,41973.4k $6.0m $6.0m 0.39% Added +762 +762
47 SPC Financial, Inc. 0.49% of their portfolio ROCKVILLE, MD 71,63171.6k $5.8m $5.8m 0.49% Added +3.1k +3,148
48 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 67,42867.4k $5.5m $5.5m 0.03% Reduced -1.1k -1,097
49 FLAGSHIP HARBOR ADVISORS, LLC 0.26% of their portfolio BOSTON, MA 66,76066.8k $5.4m $5.4m 0.26% New
50 Strive Asset Management, LLC 3.21% of their portfolio DALLAS, TX 65,57165.6k $5.3m $5.3m 3.21% Added +35.4k +35,444
51 Arkadios Wealth Advisors 0.16% of their portfolio ATLANTA, GA 65,15965.2k $5.3m $5.3m 0.16% Added +7.5k +7,530
52 PRUDENTIAL PLC 0.03% of their portfolio LONDON, X0 64,50064.5k $5.3m $5.3m 0.03% Unchanged
53 Rehmann Capital Advisory Group 0.32% of their portfolio LANSING, MI 64,31564.3k $5.2m $5.2m 0.32% Added +1.6k +1,630
54 OPPENHEIMER & CO INC 0.07% of their portfolio NEW YORK, NY 64,01764.0k $5.2m $5.2m 0.07% Added +36.9k +36,884
55 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.10% of their portfolio Tel Aviv, L3 61,71261.7k $5.0m $5.0m 1.10% Unchanged
56 NWAM LLC 0.30% of their portfolio MERCER ISLAND, WA 59,98960.0k $5.2m $5.2m 0.30% Reduced -13.2k -13,244
57 FAGAN ASSOCIATES, INC. 0.75% of their portfolio TROY, NY 59,78759.8k $4.9m $4.9m 0.75% Reduced -827 -827
58 SMITH, MOORE & CO. 0.40% of their portfolio CLAYTON, MO 59,22459.2k $4.8m $4.8m 0.40% Added +5.3k +5,328
59 FIL Ltd 0.00% of their portfolio HAMILTON, D0 59,19059.2k $4.8m $4.8m 0.00% New
60 Mach-1 Financial Group, LLC 1.35% of their portfolio Rogers, AR 56,64856.6k $4.6m $4.6m 1.35% Added +7.4k +7,370
61 Quadcap Wealth Management, LLC 0.58% of their portfolio Frisco, TX 56,50356.5k $4.6m $4.6m 0.58% Added +6.1k +6,141
62 Elmwood Wealth Management, Inc. 1.81% of their portfolio BERKELEY, CA 55,96656.0k $4.6m $4.6m 1.81% Added +10.4k +10,411
63 Fortis Advisors, LLC 2.91% of their portfolio WAYNE, PA 55,77155.8k $4.5m $4.5m 2.91% Reduced -763 -763
64 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 55,50755.5k $4.7m $4.7m 0.01% Added +294 +294
65 FISCHER INVESTMENT STRATEGIES, LLC 3.03% of their portfolio Westlake Village, CA 55,49355.5k $4.5m $4.5m 3.03% Reduced -9.9k -9,938
66 IFG Advisory, LLC 0.23% of their portfolio ATLANTA, GA 55,35955.4k $4.5m $4.5m 0.23% Added +1.6k +1,564
67 Advisory Services Network, LLC 0.08% of their portfolio ATLANTA, GA 54,61354.6k $4.8m $4.8m 0.08% Added +17.3k +17,331
68 Sigma Planning Corp 0.13% of their portfolio ANN ARBOR, MI 54,55854.6k $4.4m $4.4m 0.13% Reduced -64.5k -64,535
69 Lokken Investment Group LLC 1.70% of their portfolio LEWES, DE 54,25154.3k $4.4m $4.4m 1.70% Added +2.2k +2,175
70 J.W. COLE ADVISORS, INC. 0.09% of their portfolio TAMPA, FL 53,56553.6k $4.4m $4.4m 0.09% Added +49.6k +49,577
71 Comprehensive Wealth Management, LLC 3.51% of their portfolio LYNNWOOD, WA 53,56053.6k $4.4m $4.4m 3.51% Added +30.3k +30,269
72 tru Independence LLC 1.26% of their portfolio PORTLAND, OR 53,39853.4k $4.3m $4.3m 1.26% Added +1.6k +1,571
73 Stratos Wealth Partners, LTD. 0.06% of their portfolio BEACHWOOD, OH 52,40752.4k $4.3m $4.3m 0.06% Added +36.7k +36,669
74 Focus Financial Network, Inc. 0.17% of their portfolio MINNEAPOLIS, MN 52,17352.2k $4.2m $4.2m 0.17% Added +1.9k +1,924
75 ARVEST INVESTMENTS, INC. 0.63% of their portfolio LOWELL, AR 51,59951.6k $4.2m $4.2m 0.63% Added +12.3k +12,259
76 MRA Advisory Group 1.96% of their portfolio PARSIPPANY, NJ 51,53051.5k $4.2m $4.2m 1.96% Added +12.9k +12,888
77 PCG Wealth Advisors, LLC 2.12% of their portfolio OVERLAND PARK, KS 50,84150.8k $4.1m $4.1m 2.12% Added +5.3k +5,254
78 PRECEDENT WEALTH PARTNERS, LLC 1.01% of their portfolio HOUSTON, TX 50,49750.5k $4.1m $4.1m 1.01% Added +3.9k +3,888
79 Ameritas Advisory Services, LLC 0.21% of their portfolio Lincoln, NE 50,31950.3k $4.1m $4.1m 0.21% Reduced -9.0k -8,989
80 Prosperity Financial Group, Inc. 1.73% of their portfolio San Ramon, CA 50,01450.0k $4.1m $4.1m 1.73% Added +2.5k +2,537
81 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 50,00050.0k $4.1m $4.1m 0.00% New
82 Riggs Asset Managment Co. Inc. 0.99% of their portfolio DALLAS, PA 49,69549.7k $4.0m $4.0m 0.99% Added +77 +77
83 TradeWell Securities, LLC. 1.90% of their portfolio Fort Wayne, IN 48,88748.9k $4.0m $4.0m 1.90% Added +13.1k +13,063
84 Cascade Financial Partners, LLC 0.47% of their portfolio SAN DIEGO, CA 48,48248.5k $3.9m $3.9m 0.47% Added +3.6k +3,627
85 GPS Wealth Strategies Group, LLC 0.45% of their portfolio CENTENNIAL, CO 48,11548.1k $3.9m $3.9m 0.45% Added +8.7k +8,708
86 Garden State Investment Advisory Services LLC 1.06% of their portfolio Red Bank, NJ 47,94947.9k $3.9m $3.9m 1.06% Added +860 +860
87 Good Life Advisors, LLC 0.24% of their portfolio READING, PA 47,64547.6k $3.9m $3.9m 0.24% Added +10.4k +10,411
88 DAYMARK WEALTH PARTNERS, LLC 0.15% of their portfolio CINCINNATI, OH 47,14247.1k $3.8m $3.8m 0.15% Added +28.0k +28,036
89 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 45,02645.0k $3.7m $3.7m 0.01% Added +685 +685
90 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 45,02045.0k $3.7m $3.7m 0.00% Added +2.0k +1,994
91 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.23% of their portfolio Westlake, OH 43,67143.7k $3.6m $3.6m 0.23% New
92 VALLEY WEALTH MANAGERS, INC. 0.25% of their portfolio PARAMUS, NJ 43,28943.3k $3.5m $3.5m 0.25% Added +2.0k +1,994
93 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.08% of their portfolio LOS ANGELES, CA 41,11241.1k $3.3m $3.3m 0.08% Added +2.7k +2,715
94 Hobart Private Capital, LLC 0.76% of their portfolio CHARLOTTE, NC 41,05141.1k $3.3m $3.3m 0.76% Reduced -5.0k -5,041
95 ARQ WEALTH ADVISORS, LLC 0.96% of their portfolio SCOTTSDALE, AZ 40,96041.0k $2.8m $2.8m 0.96% Unchanged
96 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 40,07740.1k $3.3m $3.3m 0.00% Reduced -521 -521
97 KESTRA PRIVATE WEALTH SERVICES, LLC 0.05% of their portfolio AUSTIN, TX 39,62939.6k $3.2m $3.2m 0.05% Added +5.6k +5,585
98 GENESIS PRIVATE WEALTH, LLC 1.43% of their portfolio ASHBURN, VA 37,30837.3k $3.0m $3.0m 1.43% Added +1.2k +1,206
99 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 37,02537.0k $3.0m $3.0m 0.02% Added +5.6k +5,623
100 AXXCESS WEALTH MANAGEMENT, LLC 0.07% of their portfolio CARLSBAD, CA 36,97137.0k $3.0m $3.0m 0.07% Added +6.4k +6,447