Vault-13

FIRST TR EXCHANGE TRADED FD AIRR

RBA INDL ETF · ETP · CUSIP 33738R704

456 institutional holders +72 vs Q3 2025
45,706,47445.7m shares reported held*
$4.5bnreported value*
63 new 247 added 80 reduced 21 sold out net bought ≈ $577.4m (+5.9m 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 ($941.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $98.39. Options: 2 managers hold calls ($776.7k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 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: 384Q4 25: 456456Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025456

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 249 bought or addedQ3 25: 106 cut or sold outQ4 25: 310 bought or addedQ4 25: 101 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20248353
Q2 202412937
Q3 202413564
Q4 202422939
Q1 202524488
Q2 2025212123
Q3 2025249106
Q4 2025310101

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ1 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 0.00Q4 25 calls: $776.7kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$886.7k$13.6k0.02
Q2 2025$358.2k$8.1k0.02
Q3 2025$425.4k$00.00
Q4 2025$776.7k$00.00

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +1,569,481+1.6m
MORGAN STANLEY Added +575,709+575.7k
RAYMOND JAMES FINANCIAL INC Added +508,440+508.4k
LPL Financial LLC Added +490,347+490.3k
WELLS FARGO & COMPANY/MN Added +327,623+327.6k
UBS Group AG Added +189,674+189.7k
ROYAL BANK OF CANADA Added +183,766+183.8k
Cetera Investment Advisers Added +160,785+160.8k
Rockefeller Capital Management L.P. Added +137,741+137.7k
Janney Montgomery Scott LLC Added +121,975+122.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -112,129-112.1k
FIL Ltd Reduced -90,934-90.9k
Strive Asset Management, LLC Sold out -79,075-79.1k
IHT Wealth Management, LLC Reduced -72,283-72.3k
BNP PARIBAS FINANCIAL MARKETS Reduced -49,200-49.2k
Advyzon Investment Management, LLC Sold out -48,517-48.5k
GTS SECURITIES LLC Sold out -37,736-37.7k
GPS Wealth Strategies Group, LLC Reduced -36,831-36.8k
WORLD EQUITY GROUP, INC. Reduced -33,936-33.9k
FLPUTNAM INVESTMENT MANAGEMENT CO Reduced -32,193-32.2k

Biggest calls

CITADEL ADVISORS LLC Added $432.6k4.4k shares
JANE STREET GROUP, LLC New $344.1k3.5k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 8,671,5258.7m $852.6m $852.6m 0.06% Added +1.6m +1,569,481
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 5,279,5245.3m $519.1m $519.1m 0.03% Added +575.7k +575,709
3 LPL Financial LLC 0.12% of their portfolio FORT MILL, SC 4,570,2264.6m $449.3m $449.3m 0.12% Added +490.3k +490,347
4 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 2,325,3932.3m $228.6m $228.6m 0.07% Added +508.4k +508,440
5 UBS Group AG 0.04% of their portfolio ZURICH, V8 2,107,5572.1m $207.2m $207.2m 0.04% Added +189.7k +189,674
6 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 2,089,1342.1m $205.4m $205.4m 0.04% Added +327.6k +327,623
7 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,195,2611.2m $117.5m $117.5m 0.02% Added +183.8k +183,766
8 Cambridge Investment Research Advisors, Inc. 0.26% of their portfolio FAIRFIELD, IA 992,070992.1k $97.5m $97.5m 0.26% Added +5.8k +5,833
9 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 698,990699.0k $68.7m $68.7m 0.10% Added +59.1k +59,105
10 Kestra Advisory Services, LLC 0.25% of their portfolio AUSTIN, TX 618,766618.8k $60.8m $60.8m 0.25% Added +38.7k +38,659
11 Parcion Private Wealth LLC 3.65% of their portfolio BELLEVUE, WA 609,240609.2k $59.9m $59.9m 3.65% Reduced -13.6k -13,622
12 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 596,297596.3k $58.6m $58.6m 0.06% Added +160.8k +160,785
13 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 534,011534.0k $52.5m $52.5m 0.07% Added +91.2k +91,225
14 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 495,221495.2k $48.7m $48.7m 0.01% Added +118.0k +117,954
15 FIL Ltd 0.04% of their portfolio HAMILTON, D0 473,250473.2k $46.8m $46.8m 0.04% Reduced -90.9k -90,934
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 448,299448.3k $44.1m $44.1m 0.03% Added +59.0k +58,984
17 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 411,795411.8k $40.5m $40.5m 0.04% Added +35.4k +35,431
18 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 400,800400.8k $39.4m $39.4m 0.02% Reduced -49.2k -49,200
19 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 304,332304.3k $29.9m $29.9m 0.03% Reduced -3.9k -3,877
20 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 274,168274.2k $27.0m $27.0m 0.05% Added +137.7k +137,741
21 Mirae Asset Global Investments Co., Ltd. 0.07% of their portfolio SEOUL, M5 270,000270.0k $26.5m $26.5m 0.07% Reduced -19.8k -19,793
22 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 258,025258.0k $25.4m $25.4m 0.06% Added +17.2k +17,192
23 Sanctuary Advisors, LLC 0.14% of their portfolio INDIANAPOLIS, IN 251,848251.8k $24.8m $24.8m 0.14% Reduced -19.4k -19,414
24 Pictet North America Advisors SA 2.10% of their portfolio GENEVA 73, V8 224,873224.9k $22.1m $22.1m 2.10% Added +41 +41
25 HARBOUR INVESTMENTS, INC. 0.43% of their portfolio MADISON, WI 217,797217.8k $21.4m $21.4m 0.43% Added +10.4k +10,445
26 Private Advisor Group, LLC 0.10% of their portfolio MORRISTOWN, NJ 215,597215.6k $21.2m $21.2m 0.10% Reduced -26.3k -26,263
27 Janney Montgomery Scott LLC 0.05% of their portfolio PHILADELPHIA, PA 214,316214.3k $21.1m $21.1m 0.05% Added +122.0k +121,975
28 Equitable Holdings, Inc. 0.14% of their portfolio NEW YORK, NY 204,989205.0k $20.2m $20.2m 0.14% Added +36.5k +36,530
29 Next Level Private LLC 5.21% of their portfolio HARRISON, NY 202,285202.3k $19.9m $19.9m 5.21% Added +14.7k +14,698
30 SAGE PRIVATE WEALTH GROUP, LLC 10.47% of their portfolio OAKBROOK TERRACE, IL 198,026198.0k $19.5m $19.5m 10.47% Added +3.5k +3,498
31 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.14% of their portfolio Tel Aviv, L3 177,688177.7k $17.5m $17.5m 1.14% Unchanged
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 155,617155.6k $15.3m $15.3m 0.00% Reduced -112.1k -112,129
33 OPPENHEIMER & CO INC 0.22% of their portfolio NEW YORK, NY 155,164155.2k $15.3m $15.3m 0.22% Added +5.0k +4,974
34 IHT Wealth Management, LLC 0.37% of their portfolio Chicago, IL 154,386154.4k $15.2m $15.2m 0.37% Reduced -72.3k -72,283
35 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 146,891146.9k $14.4m $14.4m 0.05% Added +41.8k +41,813
36 Presidio Capital Management, LLC 4.27% of their portfolio SAN DIEGO, CA 144,523144.5k $14.2m $14.2m 4.27% Reduced -971 -971
37 Parkside Investments, LLC 1.73% of their portfolio DEERFIELD, IL 139,455139.5k $13.7m $13.7m 1.73% Reduced -2.8k -2,830
38 Proficio Capital Partners LLC 0.95% of their portfolio NEWTON, MA 137,566137.6k $13.5m $13.5m 0.95% Reduced -2.6k -2,630
39 Frederick Financial Consultants, LLC 7.37% of their portfolio FREDERICK, MD 136,896136.9k $13.5m $13.5m 7.37% Reduced -1.5k -1,489
40 Pioneer Family Office, LLC 9.08% of their portfolio NORTH MIAMI BEACH, FL 136,620136.6k $13.4m $13.4m 9.08% First filing
41 Comprehensive Wealth Management, LLC 7.81% of their portfolio LYNNWOOD, WA 134,738134.7k $13.2m $13.2m 7.81% Added +61.5k +61,464
42 Steward Partners Investment Advisory, LLC 0.07% of their portfolio STAMFORD, CT 123,040123.0k $12.1m $12.1m 0.07% Added +6.6k +6,566
43 Stratos Wealth Partners, LTD. 0.13% of their portfolio BEACHWOOD, OH 120,410120.4k $11.8m $11.8m 0.13% Added +10.1k +10,105
44 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 116,684116.7k $11.5m $11.5m 0.02% Added +39.3k +39,257
45 FOURPATH CAPITAL MANAGEMENT, LLC 1.46% of their portfolio OKLAHOMA CITY, OK 108,743108.7k $10.7m $10.7m 1.46% New
46 Crumly & Associates Inc. 2.22% of their portfolio SPRINGFIELD, IL 107,724107.7k $10.6m $10.6m 2.22% Added +5.6k +5,561
47 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 100,621100.6k $9.9m $9.9m 0.01% Reduced -155 -155
48 Atlas Wealth LLC 3.00% of their portfolio CINCINNATI, OH 100,463100.5k $9.9m $9.9m 3.00% Added +1.2k +1,204
49 N.E.W. Advisory Services LLC 0.72% of their portfolio DE PERE, WI 99,18499.2k $9.8m $9.8m 0.72% Added +84.7k +84,702
50 Rockport Wealth LLC 1.86% of their portfolio Fairview Park, OH 97,37797.4k $9.6m $9.6m 1.86% New
51 Riggs Asset Managment Co. Inc. 1.93% of their portfolio DALLAS, PA 97,10197.1k $9.5m $9.5m 1.93% Added +41.7k +41,656
52 PRUDENTIAL PLC 0.07% of their portfolio LONDON, X0 92,42692.4k $9.1m $9.1m 0.07% Added +27.9k +27,926
53 Symphony Financial Services, Inc. 4.34% of their portfolio AKRON, OH 86,19086.2k $8.5m $8.5m 4.34% Added +9.3k +9,254
54 Schorn Wealth LLC 2.55% of their portfolio ENGLEWOOD, FL 85,58085.6k $8.4m $8.4m 2.55% Reduced -180 -180
55 REDSTONE WEALTH MANAGEMENT, LLC 6.63% of their portfolio OKLAHOMA CITY, OK 85,38485.4k $8.4m $8.4m 6.63% First filing
56 Prospera Financial Services Inc 0.14% of their portfolio Dallas, TX 84,67984.7k $8.3m $8.3m 0.14% Reduced -6.0k -6,015
57 PRECEDENT WEALTH PARTNERS, LLC 1.72% of their portfolio HOUSTON, TX 83,32283.3k $8.2m $8.2m 1.72% Added +20.6k +20,550
58 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 83,19283.2k $8.2m $8.2m 0.03% Added +1.3k +1,308
59 THRYVE WEALTH MANAGEMENT LLC 4.02% of their portfolio IRVING, TX 82,71582.7k $8.1m $8.1m 4.02% First filing
60 Advisory Services Network, LLC 0.11% of their portfolio ATLANTA, GA 81,49781.5k $8.0m $8.0m 0.11% Reduced -17.8k -17,831
61 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 80,41180.4k $7.9m $7.9m 0.01% Added +20.3k +20,339
62 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 79,33879.3k $8.4m $8.4m 0.01% Added +18.4k +18,426
63 HBW ADVISORY SERVICES LLC 0.84% of their portfolio SIMI VALLEY, CA 78,81878.8k $7.7m $7.7m 0.84% Added +30.9k +30,946
64 CWM, LLC 0.02% of their portfolio OMAHA, NE 78,11878.1k $7.7m $7.7m 0.02% Added +1.1k +1,097
65 AlphaCore Capital LLC 0.17% of their portfolio LA JOLLA, CA 78,10778.1k $7.7m $7.7m 0.17% New
66 Investors Portfolio Services LLC 6.66% of their portfolio PUYALLUP, WA 75,20975.2k $7.4m $7.4m 6.66% First filing
67 DAYMARK WEALTH PARTNERS, LLC 0.23% of their portfolio CINCINNATI, OH 74,38074.4k $7.3m $7.3m 0.23% Added +12.1k +12,127
68 KESTRA PRIVATE WEALTH SERVICES, LLC 0.09% of their portfolio AUSTIN, TX 73,73873.7k $7.2m $7.2m 0.09% Added +10.2k +10,155
69 Jaffetilchin Investment Partners, LLC 0.42% of their portfolio TAMPA, FL 72,73472.7k $7.2m $7.2m 0.42% Reduced -24 -24
70 FLAGSHIP HARBOR ADVISORS, LLC 0.34% of their portfolio BOSTON, MA 72,60572.6k $7.1m $7.1m 0.34% Added +18.8k +18,773
71 Arkadios Wealth Advisors 0.14% of their portfolio ATLANTA, GA 69,80869.8k $6.9m $6.9m 0.14% Added +2.2k +2,208
72 Merit Financial Group, LLC 0.05% of their portfolio ALPHARETTA, GA 69,38969.4k $6.8m $6.8m 0.05% Added +19.9k +19,905
73 FAGAN ASSOCIATES, INC. 0.89% of their portfolio TROY, NY 67,86967.9k $6.7m $6.7m 0.89% Added +1.6k +1,638
74 SOUTHERN CAPITAL SERVICES INC /ADV 4.08% of their portfolio DAPHNE, AL 65,92865.9k $6.5m $6.5m 4.08% First filing
75 SMITH, MOORE & CO. 0.48% of their portfolio CLAYTON, MO 65,15465.2k $6.4m $6.4m 0.48% Added +118 +118
76 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.38% of their portfolio Westlake, OH 65,02565.0k $6.4m $6.4m 0.38% Reduced -2.2k -2,161
77 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 64,28464.3k $6.3m $6.3m 0.03% Added +26.9k +26,853
78 Rehmann Capital Advisory Group 0.33% of their portfolio LANSING, MI 63,82463.8k $6.3m $6.3m 0.33% Reduced -268 -268
79 INDEPENDENT FINANCIAL GROUP, LLC 0.14% of their portfolio SAN DIEGO, CA 62,44962.4k $6.1m $6.1m 0.14% Reduced -1.1k -1,063
80 TradeWell Securities, LLC. 2.37% of their portfolio Fort Wayne, IN 62,03562.0k $6.1m $6.1m 2.37% Added +5.9k +5,944
81 Guided Capital Wealth Management, LLC 4.27% of their portfolio HOUSTON, TX 61,92061.9k $6.1m $6.1m 4.27% Added +6.3k +6,321
82 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.19% of their portfolio Tel Aviv, L3 61,71261.7k $6.1m $6.1m 1.19% Unchanged
83 Quadcap Wealth Management, LLC 0.68% of their portfolio Frisco, TX 60,46260.5k $5.9m $5.9m 0.68% Added +2.2k +2,152
84 WPG Advisers, LLC 4.26% of their portfolio BALTIMORE, MD 58,44458.4k $5.7m $5.7m 4.26% Added +5.4k +5,446
85 Elmwood Wealth Management, Inc. 1.81% of their portfolio BERKELEY, CA 58,20358.2k $5.7m $5.7m 1.81% Added +1.2k +1,213
86 FISCHER INVESTMENT STRATEGIES, LLC 3.27% of their portfolio Westlake Village, CA 57,12657.1k $5.6m $5.6m 3.27% Added +1.4k +1,355
87 Cascade Financial Partners, LLC 0.56% of their portfolio SAN DIEGO, CA 56,56156.6k $5.6m $5.6m 0.56% Added +4.3k +4,255
88 tru Independence LLC 1.35% of their portfolio PORTLAND, OR 54,52754.5k $5.4m $5.4m 1.35% Added +846 +846
89 PCG Wealth Advisors, LLC 1.51% of their portfolio OVERLAND PARK, KS 54,10954.1k $5.3m $5.3m 1.51% Added +1.5k +1,488
90 Sovran Advisors, LLC 0.52% of their portfolio SAN DIEGO, CA 54,09854.1k $6.1m $6.1m 0.52% Reduced -2.5k -2,531
91 Mach-1 Financial Group, LLC 1.08% of their portfolio Rogers, AR 53,38153.4k $5.2m $5.2m 1.08% New
92 Dakota Wealth Management 0.09% of their portfolio PALM BEACH GARDENS, FL 53,24153.2k $5.2m $5.2m 0.09% New
93 Western Wealth Management, LLC 0.24% of their portfolio GOLDEN, CO 53,09153.1k $5.2m $5.2m 0.24% Added +14.9k +14,874
94 Apollon Wealth Management, LLC 0.09% of their portfolio MOUNT PLEASANT, SC 51,55551.6k $5.1m $5.1m 0.09% Added +12.4k +12,415
95 Prosperity Financial Group, Inc. 1.81% of their portfolio San Ramon, CA 51,19151.2k $5.0m $5.0m 1.81% Added +1.5k +1,511
96 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 48,90348.9k $4.8m $4.8m 0.00% Added +42.1k +42,104
97 Gaddis Premier Wealth Advisors LLC 3.64% of their portfolio DURANT, OK 48,77748.8k $4.8m $4.8m 3.64% First filing
98 Sigma Planning Corp 0.13% of their portfolio ANN ARBOR, MI 48,12548.1k $4.7m $4.7m 0.13% Added +2.8k +2,776
99 WealthBridge Capital Management, LLC 1.07% of their portfolio WESTERVILLE, OH 47,89847.9k $4.7m $4.7m 1.07% Added +5.8k +5,789
100 PECAUT & CO. 1.50% of their portfolio SIOUX CITY, IA 47,34747.3k $4.7m $4.7m 1.50% Reduced -567 -567