Vault-13

FIRST TR EXCHANGE TRADED FD AIRR

RBA INDL ETF · ETP · CUSIP 33738R704

384 institutional holders +38 vs Q2 2025
39,148,28839.1m shares reported held*
$3.8bnreported value*
63 new 186 added 84 reduced 22 sold out net bought ≈ $514.2m (+5.3m 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. Holder counts are more reliable. Implied quarter-end price ≈ $96.52. Options: 2 managers hold calls ($425.4k notional), 0 hold puts (—).

Trends to Q3 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: 346Q3 25: 384384Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025384

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 68 bought or addedQ4 23: 50 cut or sold outQ1 24: 83 bought or addedQ1 24: 53 cut or sold outQ1 24Q2 24: 129 bought or addedQ2 24: 37 cut or sold outQ3 24: 135 bought or addedQ3 24: 64 cut or sold outQ3 24Q4 24: 229 bought or addedQ4 24: 39 cut or sold outQ1 25: 244 bought or addedQ1 25: 88 cut or sold outQ1 25Q2 25: 212 bought or addedQ2 25: 123 cut or sold outQ3 25: 249 bought or addedQ3 25: 106 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20236850
Q1 20248353
Q2 202412937
Q3 202413564
Q4 202422939
Q1 202524488
Q2 2025212123
Q3 2025249106

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ4 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 0.02Q3 25 calls: $425.4kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$346.7k$7.7k0.02
Q1 2025$886.7k$13.6k0.02
Q2 2025$358.2k$8.1k0.02
Q3 2025$425.4k$00.00

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +1,036,237+1.0m
LPL Financial LLC Added +697,217+697.2k
FIL Ltd Added +504,994+505.0k
MORGAN STANLEY Added +478,595+478.6k
BNP PARIBAS FINANCIAL MARKETS Added +400,000+400.0k
WELLS FARGO & COMPANY/MN Added +380,870+380.9k
Cetera Investment Advisers Added +186,463+186.5k
RAYMOND JAMES FINANCIAL INC Added +170,254+170.3k
JPMORGAN CHASE & CO Added +151,386+151.4k
UBS Group AG Added +140,507+140.5k

Biggest sellers

ROYAL BANK OF CANADA Reduced -721,651-721.7k
Rockefeller Capital Management L.P. Reduced -78,397-78.4k
Mach-1 Financial Group, LLC Sold out -56,648-56.6k
IFG Advisory, LLC Reduced -39,880-39.9k
Parcion Private Wealth LLC Reduced -30,888-30.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -29,372-29.4k
FLPUTNAM INVESTMENT MANAGEMENT CO Reduced -24,205-24.2k
IHT Wealth Management, LLC Reduced -21,413-21.4k
Fiduciary Trust Co Reduced -21,145-21.1k
NWAM LLC Reduced -18,790-18.8k

Biggest calls

CITADEL ADVISORS LLC New $222.4k2.3k shares
Belvedere Trading LLC Reduced $203.0k2.1k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 7,102,0447.1m $686.6m $686.6m 0.05% Added +1.0m +1,036,237
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 4,703,8154.7m $454.8m $454.8m 0.03% Added +478.6k +478,595
3 LPL Financial LLC 0.12% of their portfolio FORT MILL, SC 4,079,8794.1m $394.4m $394.4m 0.12% Added +697.2k +697,217
4 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,917,8831.9m $185.4m $185.4m 0.04% Added +140.5k +140,507
5 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 1,816,9531.8m $175.7m $175.7m 0.06% Added +170.3k +170,254
6 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,761,5111.8m $170.3m $170.3m 0.03% Added +380.9k +380,870
7 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,011,4951.0m $97.8m $97.8m 0.02% Reduced -721.7k -721,651
8 Cambridge Investment Research Advisors, Inc. 0.26% of their portfolio FAIRFIELD, IA 986,237986.2k $95.3m $95.3m 0.26% Added +88.0k +88,002
9 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 639,885639.9k $59.1m $59.1m 0.08% Added +110.9k +110,929
10 Parcion Private Wealth LLC 3.76% of their portfolio BELLEVUE, WA 622,862622.9k $60.2m $60.2m 3.76% Reduced -30.9k -30,888
11 Kestra Advisory Services, LLC 0.26% of their portfolio AUSTIN, TX 580,107580.1k $56.1m $56.1m 0.26% Added +28.5k +28,548
12 FIL Ltd 0.04% of their portfolio HAMILTON, D0 564,184564.2k $54.5m $54.5m 0.04% Added +505.0k +504,994
13 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 450,000450.0k $43.5m $43.5m 0.03% Added +400.0k +400,000
14 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 442,786442.8k $42.8m $42.8m 0.06% Added +13.2k +13,230
15 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 435,512435.5k $42.1m $42.1m 0.05% Added +186.5k +186,463
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 389,315389.3k $37.6m $37.6m 0.03% Added +108.7k +108,677
17 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 377,267377.3k $36.5m $36.5m 0.01% Added +94.9k +94,885
18 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 376,364376.4k $36.4m $36.4m 0.03% Added +66.3k +66,285
19 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 308,209308.2k $29.8m $29.8m 0.03% Added +20.8k +20,756
20 Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio SEOUL, M5 289,793289.8k $28.0m $28.0m 0.09% Unchanged
21 Sanctuary Advisors, LLC 0.07% of their portfolio INDIANAPOLIS, IN 271,262271.3k $22.6m $22.6m 0.07% Added +134.2k +134,156
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 267,746267.7k $25.9m $25.9m 0.00% Added +151.4k +151,386
23 Private Advisor Group, LLC 0.12% of their portfolio MORRISTOWN, NJ 241,860241.9k $23.4m $23.4m 0.12% Added +24.4k +24,402
24 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 240,833240.8k $23.3m $23.3m 0.06% Added +15.7k +15,714
25 IHT Wealth Management, LLC 0.55% of their portfolio Chicago, IL 226,669226.7k $21.9m $21.9m 0.55% Reduced -21.4k -21,413
26 Pictet North America Advisors SA 2.04% of their portfolio GENEVA 73, V8 224,832224.8k $21.7m $21.7m 2.04% Reduced -15.3k -15,328
27 HARBOUR INVESTMENTS, INC. 0.45% of their portfolio MADISON, WI 207,352207.4k $20.0m $20.0m 0.45% Added +27.6k +27,622
28 SAGE PRIVATE WEALTH GROUP, LLC 10.46% of their portfolio OAKBROOK TERRACE, IL 194,528194.5k $18.8m $18.8m 10.46% Added +27.7k +27,725
29 Next Level Private LLC 5.35% of their portfolio HARRISON, NY 187,587187.6k $18.4m $18.4m 5.35% Added +12.0k +12,008
30 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.15% of their portfolio Tel Aviv, L3 177,688177.7k $17.1m $17.1m 1.15% Unchanged
31 Equitable Holdings, Inc. 0.12% of their portfolio NEW YORK, NY 168,459168.5k $16.3m $16.3m 0.12% Added +29.7k +29,686
32 OPPENHEIMER & CO INC 0.18% of their portfolio NEW YORK, NY 150,190150.2k $14.5m $14.5m 0.18% Added +86.2k +86,173
33 Presidio Capital Management, LLC 4.93% of their portfolio SAN DIEGO, CA 145,494145.5k $14.1m $14.1m 4.93% Reduced -7.0k -7,009
34 Parkside Investments, LLC 1.72% of their portfolio DEERFIELD, IL 142,285142.3k $13.8m $13.8m 1.72% Reduced -17.4k -17,359
35 Proficio Capital Partners LLC 0.93% of their portfolio NEWTON, MA 140,196140.2k $13.6m $13.6m 0.93% New
36 Frederick Financial Consultants, LLC 7.50% of their portfolio FREDERICK, MD 138,385138.4k $13.4m $13.4m 7.50% Added +1.5k +1,490
37 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 136,427136.4k $13.2m $13.2m 0.03% Reduced -78.4k -78,397
38 Steward Partners Investment Advisory, LLC 0.06% of their portfolio STAMFORD, CT 116,474116.5k $11.3m $11.3m 0.06% Reduced -1.0k -1,041
39 Stratos Wealth Partners, LTD. 0.13% of their portfolio BEACHWOOD, OH 110,305110.3k $10.7m $10.7m 0.13% Added +57.9k +57,898
40 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 105,078105.1k $10.2m $10.2m 0.05% Added +37.6k +37,650
41 Crumly & Associates Inc. 2.16% of their portfolio SPRINGFIELD, IL 102,163102.2k $9.9m $9.9m 2.16% Added +2.4k +2,449
42 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 100,776100.8k $9.7m $9.7m 0.01% Added +1.8k +1,810
43 Advisory Services Network, LLC 0.14% of their portfolio ATLANTA, GA 99,32899.3k $9.6m $9.6m 0.14% Added +44.7k +44,715
44 Atlas Wealth LLC 3.10% of their portfolio CINCINNATI, OH 99,25999.3k $9.6m $9.6m 3.10% Reduced -113 -113
45 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 92,34192.3k $8.9m $8.9m 0.02% Added +5.3k +5,255
46 Prospera Financial Services Inc 0.15% of their portfolio Dallas, TX 90,69490.7k $8.8m $8.8m 0.15% Reduced -737 -737
47 Schorn Wealth LLC 2.53% of their portfolio ENGLEWOOD, FL 85,76085.8k $8.3m $8.3m 2.53% Added +1.4k +1,416
48 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 81,88481.9k $7.9m $7.9m 0.03% Added +3.7k +3,708
49 Strive Asset Management, LLC 4.15% of their portfolio DALLAS, TX 79,07579.1k $7.6m $7.6m 4.15% Added +13.5k +13,504
50 SPC Financial, Inc. 0.59% of their portfolio ROCKVILLE, MD 77,69677.7k $7.5m $7.5m 0.59% Added +6.1k +6,065
51 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 77,42777.4k $7.5m $7.5m 0.01% Added +32.4k +32,401
52 CWM, LLC 0.02% of their portfolio OMAHA, NE 77,02177.0k $7.4m $7.4m 0.02% Reduced -779 -779
53 Symphony Financial Services, Inc. 4.00% of their portfolio AKRON, OH 76,93676.9k $7.4m $7.4m 4.00% Added +263 +263
54 FLPUTNAM INVESTMENT MANAGEMENT CO 0.11% of their portfolio PORTLAND, ME 73,32873.3k $7.1m $7.1m 0.11% Reduced -24.2k -24,205
55 Comprehensive Wealth Management, LLC 5.02% of their portfolio LYNNWOOD, WA 73,27473.3k $7.1m $7.1m 5.02% Added +19.7k +19,714
56 Jaffetilchin Investment Partners, LLC 0.42% of their portfolio TAMPA, FL 72,75872.8k $7.0m $7.0m 0.42% Reduced -661 -661
57 Arkadios Wealth Advisors 0.16% of their portfolio ATLANTA, GA 67,60067.6k $6.5m $6.5m 0.16% Added +2.4k +2,441
58 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.38% of their portfolio Westlake, OH 67,18667.2k $6.5m $6.5m 0.38% Added +23.5k +23,515
59 FAGAN ASSOCIATES, INC. 0.88% of their portfolio TROY, NY 66,23166.2k $6.4m $6.4m 0.88% Added +6.4k +6,444
60 SMITH, MOORE & CO. 0.48% of their portfolio CLAYTON, MO 65,03665.0k $6.3m $6.3m 0.48% Added +5.8k +5,812
61 PRUDENTIAL PLC 0.05% of their portfolio LONDON, X0 64,50064.5k $6.2m $6.2m 0.05% Unchanged
62 Rehmann Capital Advisory Group 0.34% of their portfolio LANSING, MI 64,09264.1k $6.2m $6.2m 0.34% Reduced -223 -223
63 KESTRA PRIVATE WEALTH SERVICES, LLC 0.08% of their portfolio AUSTIN, TX 63,58363.6k $6.1m $6.1m 0.08% Added +24.0k +23,954
64 INDEPENDENT FINANCIAL GROUP, LLC 0.15% of their portfolio SAN DIEGO, CA 63,51263.5k $6.1m $6.1m 0.15% Added +30.5k +30,489
65 PRECEDENT WEALTH PARTNERS, LLC 1.34% of their portfolio HOUSTON, TX 62,77262.8k $6.1m $6.1m 1.34% Added +12.3k +12,275
66 DAYMARK WEALTH PARTNERS, LLC 0.20% of their portfolio CINCINNATI, OH 62,25362.3k $6.0m $6.0m 0.20% Added +15.1k +15,111
67 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.22% of their portfolio Tel Aviv, L3 61,71261.7k $6.0m $6.0m 1.22% Unchanged
68 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 60,91260.9k $5.9m $5.9m 0.01% Added +5.4k +5,405
69 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 60,07260.1k $5.8m $5.8m 0.00% Added +15.1k +15,052
70 Quadcap Wealth Management, LLC 0.67% of their portfolio Frisco, TX 58,31058.3k $5.6m $5.6m 0.67% Added +1.8k +1,807
71 Elmwood Wealth Management, Inc. 1.95% of their portfolio BERKELEY, CA 56,99057.0k $5.5m $5.5m 1.95% Added +1.0k +1,024
72 Sovran Advisors, LLC 0.50% of their portfolio SAN DIEGO, CA 56,62956.6k $5.6m $5.6m 0.50% Added +33.9k +33,943
73 TradeWell Securities, LLC. 2.28% of their portfolio Fort Wayne, IN 56,09156.1k $5.4m $5.4m 2.28% Added +7.2k +7,204
74 FISCHER INVESTMENT STRATEGIES, LLC 3.23% of their portfolio Westlake Village, CA 55,77155.8k $5.4m $5.4m 3.23% Added +278 +278
75 Guided Capital Wealth Management, LLC 4.61% of their portfolio HOUSTON, TX 55,59955.6k $5.4m $5.4m 4.61% New
76 Riggs Asset Managment Co. Inc. 1.16% of their portfolio DALLAS, PA 55,44555.4k $5.4m $5.4m 1.16% Added +5.8k +5,750
77 Lokken Investment Group LLC 1.79% of their portfolio LEWES, DE 53,89353.9k $5.2m $5.2m 1.79% Reduced -358 -358
78 FLAGSHIP HARBOR ADVISORS, LLC 0.23% of their portfolio BOSTON, MA 53,83253.8k $5.2m $5.2m 0.23% Reduced -12.9k -12,928
79 tru Independence LLC 1.35% of their portfolio PORTLAND, OR 53,68153.7k $5.2m $5.2m 1.35% Added +283 +283
80 WPG Advisers, LLC 3.97% of their portfolio BALTIMORE, MD 52,99853.0k $5.1m $5.1m 3.97% Added +38.6k +38,597
81 PCG Wealth Advisors, LLC 1.48% of their portfolio OVERLAND PARK, KS 52,62152.6k $5.1m $5.1m 1.48% Added +1.8k +1,780
82 Cascade Financial Partners, LLC 0.58% of their portfolio SAN DIEGO, CA 52,30652.3k $5.1m $5.1m 0.58% Added +3.8k +3,824
83 Prosperity Financial Group, Inc. 1.76% of their portfolio San Ramon, CA 49,68049.7k $4.8m $4.8m 1.76% Reduced -334 -334
84 Merit Financial Group, LLC 0.04% of their portfolio ALPHARETTA, GA 49,48449.5k $4.8m $4.8m 0.04% Added +20.7k +20,732
85 Advyzon Investment Management, LLC 0.81% of their portfolio LISLE, IL 48,51748.5k $4.7m $4.7m 0.81% New
86 Fortis Advisors, LLC 2.66% of their portfolio WAYNE, PA 48,24848.2k $4.7m $4.7m 2.66% Reduced -7.5k -7,523
87 Garden State Investment Advisory Services LLC 1.18% of their portfolio Red Bank, NJ 48,23448.2k $4.7m $4.7m 1.18% Added +285 +285
88 PECAUT & CO. 1.49% of their portfolio SIOUX CITY, IA 47,91447.9k $4.6m $4.6m 1.49% New
89 HBW ADVISORY SERVICES LLC 0.52% of their portfolio SIMI VALLEY, CA 47,87247.9k $4.6m $4.6m 0.52% Added +33.6k +33,595
90 Focus Financial Network, Inc. 0.16% of their portfolio MINNEAPOLIS, MN 47,67047.7k $4.6m $4.6m 0.16% Reduced -4.5k -4,503
91 Concorde Asset Management, LLC 1.90% of their portfolio ANN ARBOR, MI 46,91746.9k $4.5m $4.5m 1.90% First filing
92 MRA Advisory Group 1.98% of their portfolio PARSIPPANY, NJ 46,89546.9k $4.5m $4.5m 1.98% Reduced -4.6k -4,635
93 GPS Wealth Strategies Group, LLC 0.48% of their portfolio CENTENNIAL, CO 46,74146.7k $4.5m $4.5m 0.48% Reduced -1.4k -1,374
94 J.W. COLE ADVISORS, INC. 0.08% of their portfolio TAMPA, FL 45,58345.6k $4.4m $4.4m 0.08% Reduced -8.0k -7,982
95 Sigma Planning Corp 0.12% of their portfolio ANN ARBOR, MI 45,34945.3k $4.4m $4.4m 0.12% Reduced -9.2k -9,209
96 VALLEY WEALTH MANAGERS, INC. 0.28% of their portfolio PARAMUS, NJ 43,92843.9k $4.2m $4.2m 0.28% Added +639 +639
97 WealthBridge Capital Management, LLC 0.96% of their portfolio WESTERVILLE, OH 42,10942.1k $4.1m $4.1m 0.96% Added +5.8k +5,821
98 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.09% of their portfolio LOS ANGELES, CA 41,98442.0k $4.1m $4.1m 0.09% Added +872 +872
99 ARVEST INVESTMENTS, INC. 0.58% of their portfolio LOWELL, AR 41,56541.6k $4.0m $4.0m 0.58% Reduced -10.0k -10,034
100 Ameritas Advisory Services, LLC 0.26% of their portfolio Lincoln, NE 41,40741.4k $4.0m $4.0m 0.26% Reduced -8.9k -8,912