Vault-13

FIRST TR EXCHANGE TRADED FD AIRR

RBA INDL ETF · ETP · CUSIP 33738R704

502 institutional holders +46 vs Q4 2025
51,704,52451.7m shares reported held*
$5.7bnreported value*
67 new 259 added 128 reduced 20 sold out net bought ≈ $657.5m (+6.0m 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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $110.75. Options: 3 managers hold calls ($1.2m notional), 1 hold puts ($421.0k).

Trends to Q1 2026

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: 456Q1 26: 502502Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026502

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q4 25: 310 bought or addedQ4 25: 101 cut or sold outQ1 26: 326 bought or addedQ1 26: 148 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202412937
Q3 202413564
Q4 202422939
Q1 202524488
Q2 2025212123
Q3 2025249106
Q4 2025310101
Q1 2026326148

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ2 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 0.00Q1 26 calls: $1.2mQ1 26 puts: $421.0kQ1 26P/C 0.34
Numbers
QuarterCallsPutsP/C
Q2 2025$358.2k$8.1k0.02
Q3 2025$425.4k$00.00
Q4 2025$776.7k$00.00
Q1 2026$1.2m$421.0k0.34

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +1,004,172+1.0m
MORGAN STANLEY Added +621,334+621.3k
LPL Financial LLC Added +593,229+593.2k
RAYMOND JAMES FINANCIAL INC Added +292,319+292.3k
ENVESTNET ASSET MANAGEMENT INC Added +289,638+289.6k
UBS Group AG Added +237,616+237.6k
ROYAL BANK OF CANADA Added +235,464+235.5k
AMERIPRISE FINANCIAL INC Added +220,201+220.2k
WELLS FARGO & COMPANY/MN Added +203,249+203.2k
Independent Advisor Alliance New +181,096+181.1k

Biggest sellers

FIL Ltd Reduced -340,728-340.7k
Pioneer Family Office, LLC Reduced -133,430-133.4k
Mirae Asset Global Investments Co., Ltd. Reduced -130,000-130.0k
IHT Wealth Management, LLC Reduced -99,580-99.6k
Parcion Private Wealth LLC Reduced -93,053-93.1k
Envestnet Portfolio Solutions, Inc. Sold out -83,192-83.2k
Pictet North America Advisors SA Reduced -69,109-69.1k
FOURPATH CAPITAL MANAGEMENT, LLC Reduced -55,239-55.2k
Jaffetilchin Investment Partners, LLC Reduced -41,493-41.5k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -26,155-26.2k

Biggest calls

CITADEL ADVISORS LLC Added $764.4k6.9k shares
JANE STREET GROUP, LLC Added $409.9k3.7k shares
Belvedere Trading LLC New $66.5k600 shares

Biggest puts

CITADEL ADVISORS LLC New $421.0k3.8k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 9,675,6979.7m $1.1bn $1.1bn 0.08% Added +1.0m +1,004,172
2 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 5,900,8585.9m $653.7m $653.7m 0.04% Added +621.3k +621,334
3 LPL Financial LLC 0.15% of their portfolio FORT MILL, SC 5,163,4555.2m $572.0m $572.0m 0.15% Added +593.2k +593,229
4 RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio ST. PETERSBURG, FL 2,617,7122.6m $290.0m $290.0m 0.09% Added +292.3k +292,319
5 UBS Group AG 0.05% of their portfolio ZURICH, V8 2,345,1732.3m $259.8m $259.8m 0.05% Added +237.6k +237,616
6 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 2,292,3832.3m $254.0m $254.0m 0.05% Added +203.2k +203,249
7 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 1,430,7251.4m $158.5m $158.5m 0.03% Added +235.5k +235,464
8 Cambridge Investment Research Advisors, Inc. 0.31% of their portfolio FAIRFIELD, IA 1,096,7351.1m $121.5m $121.5m 0.31% Added +104.7k +104,665
9 OSAIC HOLDINGS, INC. 0.14% of their portfolio SCOTTSDALE, AZ 873,587873.6k $96.8m $96.8m 0.14% Added +174.6k +174,597
10 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 784,859784.9k $86.9m $86.9m 0.02% Added +289.6k +289,638
11 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 767,824767.8k $85.1m $85.1m 0.09% Added +171.5k +171,527
12 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 622,159622.2k $68.9m $68.9m 0.10% Added +88.1k +88,148
13 Kestra Advisory Services, LLC 0.25% of their portfolio AUSTIN, TX 599,696599.7k $66.4m $66.4m 0.25% Reduced -19.1k -19,070
14 Parcion Private Wealth LLC 3.54% of their portfolio BELLEVUE, WA 516,187516.2k $57.2m $57.2m 3.54% Reduced -93.1k -93,053
15 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 500,900500.9k $55.5m $55.5m 0.04% Added +100.1k +100,100
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 482,881482.9k $53.5m $53.5m 0.03% Added +34.6k +34,582
17 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 458,357458.4k $50.8m $50.8m 0.05% Added +46.6k +46,562
18 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 447,548447.5k $49.6m $49.6m 0.05% Added +143.2k +143,216
19 Rockefeller Capital Management L.P. 0.06% of their portfolio NEW YORK, NY 295,214295.2k $32.7m $32.7m 0.06% Added +21.0k +21,046
20 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 284,465284.5k $31.5m $31.5m 0.09% Added +26.4k +26,440
21 Sanctuary Advisors, LLC 0.17% of their portfolio INDIANAPOLIS, IN 277,294277.3k $30.7m $30.7m 0.17% Added +25.4k +25,446
22 HARBOUR INVESTMENTS, INC. 0.45% of their portfolio MADISON, WI 265,067265.1k $29.4m $29.4m 0.45% Added +47.3k +47,270
23 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 258,484258.5k $28.6m $28.6m 0.01% Added +220.2k +220,201
24 Private Advisor Group, LLC 0.13% of their portfolio MORRISTOWN, NJ 251,084251.1k $27.8m $27.8m 0.13% Added +35.5k +35,487
25 Equitable Holdings, Inc. 0.16% of their portfolio NEW YORK, NY 248,255248.3k $24.4m $24.4m 0.16% Added +43.3k +43,266
26 Janney Montgomery Scott LLC 0.06% of their portfolio PHILADELPHIA, PA 235,602235.6k $26.1m $26.1m 0.06% Added +21.3k +21,286
27 Comprehensive Wealth Management, LLC 12.61% of their portfolio LYNNWOOD, WA 225,184225.2k $24.9m $24.9m 12.61% Added +90.4k +90,446
28 Next Level Private LLC 5.57% of their portfolio HARRISON, NY 222,741222.7k $24.7m $24.7m 5.57% Added +20.5k +20,456
29 Proficio Capital Partners LLC 1.30% of their portfolio NEWTON, MA 219,481219.5k $24.3m $24.3m 1.30% Added +81.9k +81,915
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 216,248216.2k $22.9m $22.9m 0.00% Added +60.6k +60,631
31 NewEdge Advisors, LLC 0.08% of their portfolio NEW ORLEANS, LA 208,896208.9k $23.1m $23.1m 0.08% Added +62.0k +62,005
32 SAGE PRIVATE WEALTH GROUP, LLC 11.00% of their portfolio OAKBROOK TERRACE, IL 197,355197.4k $21.9m $21.9m 11.00% Reduced -671 -671
33 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 184,649184.6k $20.5m $20.5m 0.03% Added +68.0k +67,965
34 Independent Advisor Alliance 0.22% of their portfolio CHARLOTTE, NC 181,096181.1k $20.1m $20.1m 0.22% New
35 GREAT VALLEY ADVISOR GROUP, INC. 0.36% of their portfolio WILMINGTON, DE 179,182179.2k $19.8m $19.8m 0.36% Added +150.0k +149,951
36 Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 1.29% of their portfolio Tel Aviv, L3 177,688177.7k $19.7m $19.7m 1.29% Unchanged
37 OPPENHEIMER & CO INC 0.21% of their portfolio NEW YORK, NY 157,150157.2k $17.4m $17.4m 0.21% Added +2.0k +1,986
38 Pictet North America Advisors SA 1.71% of their portfolio GENEVA 73, V8 155,764155.8k $17.3m $17.3m 1.71% Reduced -69.1k -69,109
39 Presidio Capital Management, LLC 4.76% of their portfolio SAN DIEGO, CA 148,090148.1k $16.4m $16.4m 4.76% Added +3.6k +3,567
40 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 140,000140.0k $15.5m $15.5m 0.04% Reduced -130.0k -130,000
41 Frederick Financial Consultants, LLC 7.38% of their portfolio FREDERICK, MD 133,935133.9k $14.8m $14.8m 7.38% Reduced -3.0k -2,961
42 FIL Ltd 0.01% of their portfolio HAMILTON, D0 132,522132.5k $14.7m $14.7m 0.01% Reduced -340.7k -340,728
43 Stratos Wealth Partners, LTD. 0.16% of their portfolio BEACHWOOD, OH 130,884130.9k $14.5m $14.5m 0.16% Added +10.5k +10,474
44 Steward Partners Investment Advisory, LLC 0.07% of their portfolio STAMFORD, CT 125,252125.3k $13.9m $13.9m 0.07% Added +2.2k +2,212
45 Parkside Investments, LLC 1.68% of their portfolio DEERFIELD, IL 124,622124.6k $13.8m $13.8m 1.68% Reduced -14.8k -14,833
46 Foundations Investment Advisors, LLC 0.17% of their portfolio PHOENIX, AZ 122,934122.9k $13.6m $13.6m 0.17% Added +106.5k +106,521
47 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 112,834112.8k $12.5m $12.5m 0.01% Added +32.4k +32,423
48 Riggs Asset Managment Co. Inc. 2.49% of their portfolio DALLAS, PA 109,166109.2k $12.1m $12.1m 2.49% Added +12.1k +12,065
49 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 103,741103.7k $11.5m $11.5m 0.01% Added +94.6k +94,610
50 Arkadios Wealth Advisors 0.19% of their portfolio ATLANTA, GA 102,512102.5k $11.4m $11.4m 0.19% Added +32.7k +32,704
51 PRECEDENT WEALTH PARTNERS, LLC 2.20% of their portfolio HOUSTON, TX 99,08699.1k $11.0m $11.0m 2.20% Added +15.8k +15,764
52 Atlas Wealth LLC 3.24% of their portfolio CINCINNATI, OH 97,71097.7k $10.8m $10.8m 3.24% Reduced -2.8k -2,753
53 CWM, LLC 0.03% of their portfolio OMAHA, NE 97,36997.4k $10.8m $10.8m 0.03% Added +19.3k +19,251
54 Crumly & Associates Inc. 2.26% of their portfolio SPRINGFIELD, IL 97,20597.2k $10.8m $10.8m 2.26% Reduced -10.5k -10,519
55 VALLEY WEALTH MANAGERS, INC. 0.68% of their portfolio PARAMUS, NJ 94,85194.9k $10.5m $10.5m 0.68% Added +51.1k +51,136
56 Advisory Services Network, LLC 0.14% of their portfolio ATLANTA, GA 93,26893.3k $10.3m $10.3m 0.14% Added +11.8k +11,771
57 KESTRA PRIVATE WEALTH SERVICES, LLC 0.13% of their portfolio AUSTIN, TX 92,53492.5k $10.3m $10.3m 0.13% Added +18.8k +18,796
58 PRUDENTIAL PLC 0.08% of their portfolio LONDON, X0 92,42692.4k $10.2m $10.2m 0.08% Unchanged
59 Rockport Wealth LLC 1.86% of their portfolio Fairview Park, OH 92,30892.3k $10.2m $10.2m 1.86% Reduced -5.1k -5,069
60 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 1.29% of their portfolio Tel Aviv, L3 92,00092.0k $10.2m $10.2m 1.29% New
61 Symphony Financial Services, Inc. 5.18% of their portfolio AKRON, OH 91,06191.1k $10.1m $10.1m 5.18% Added +4.9k +4,871
62 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 88,85188.9k $9.8m $9.8m 0.01% Reduced -11.8k -11,770
63 Prospera Financial Services Inc 0.16% of their portfolio Dallas, TX 88,48788.5k $9.8m $9.8m 0.16% Added +3.8k +3,808
64 HBW ADVISORY SERVICES LLC 1.03% of their portfolio SIMI VALLEY, CA 88,11688.1k $9.8m $9.8m 1.03% Added +9.3k +9,298
65 REDSTONE WEALTH MANAGEMENT, LLC 7.67% of their portfolio OKLAHOMA CITY, OK 86,85986.9k $9.6m $9.6m 7.67% Added +1.5k +1,475
66 N.E.W. Advisory Services LLC 0.72% of their portfolio DE PERE, WI 86,74086.7k $9.6m $9.6m 0.72% Reduced -12.4k -12,444
67 THRYVE WEALTH MANAGEMENT LLC 6.29% of their portfolio IRVING, TX 85,05285.1k $9.4m $9.4m 6.29% Added +2.3k +2,337
68 Schorn Wealth LLC 2.84% of their portfolio ENGLEWOOD, FL 84,79984.8k $9.4m $9.4m 2.84% Reduced -781 -781
69 Merit Financial Group, LLC 0.07% of their portfolio ALPHARETTA, GA 80,72680.7k $8.9m $8.9m 0.07% Added +11.3k +11,337
70 DAYMARK WEALTH PARTNERS, LLC 0.28% of their portfolio CINCINNATI, OH 79,22779.2k $8.8m $8.8m 0.28% Added +4.8k +4,847
71 PTM WEALTH MANAGEMENT, LLC 4.71% of their portfolio NORTH WALES, PA 78,27478.3k $8.9m $8.9m 4.71% New
72 Hobart Private Capital, LLC 1.70% of their portfolio CHARLOTTE, NC 77,90177.9k $8.6m $8.6m 1.70% Added +38.0k +37,977
73 FAGAN ASSOCIATES, INC. 1.20% of their portfolio TROY, NY 77,59577.6k $8.6m $8.6m 1.20% Added +9.7k +9,726
74 Clear Creek Financial Management, LLC 0.65% of their portfolio SILVERDALE, WA 77,03577.0k $8.5m $8.5m 0.65% Added +39.2k +39,240
75 AlphaCore Capital LLC 0.19% of their portfolio LA JOLLA, CA 71,40771.4k $7.9m $7.9m 0.19% Reduced -6.7k -6,700
76 SOUTHERN CAPITAL SERVICES INC /ADV 5.04% of their portfolio DAPHNE, AL 70,73770.7k $7.8m $7.8m 5.04% Added +4.8k +4,809
77 TradeWell Securities, LLC. 3.25% of their portfolio Fort Wayne, IN 70,34370.3k $7.7m $7.7m 3.25% Added +8.3k +8,308
78 INDEPENDENT FINANCIAL GROUP, LLC 0.17% of their portfolio SAN DIEGO, CA 69,60269.6k $7.7m $7.7m 0.17% Added +7.2k +7,153
79 Proactive Wealth Strategies LLC 1.44% of their portfolio MARIETTA, GA 69,27069.3k $7.7m $7.7m 1.44% Added +34.1k +34,118
80 Investors Portfolio Services LLC 7.08% of their portfolio PUYALLUP, WA 68,87868.9k $7.6m $7.6m 7.08% Reduced -6.3k -6,331
81 Elmwood Wealth Management, Inc. 2.08% of their portfolio BERKELEY, CA 68,02568.0k $7.5m $7.5m 2.08% Added +9.8k +9,822
82 WPG Advisers, LLC 5.41% of their portfolio BALTIMORE, MD 66,23066.2k $7.3m $7.3m 5.41% Added +7.8k +7,786
83 MEITAV INVESTMENT HOUSE LTD 0.08% of their portfolio BENE-BERAQ, L3 64,45064.5k $7.1m $7.1m 0.08% New
84 Apollon Wealth Management, LLC 0.12% of their portfolio MOUNT PLEASANT, SC 63,98664.0k $7.1m $7.1m 0.12% Added +12.4k +12,431
85 FLAGSHIP HARBOR ADVISORS, LLC 0.31% of their portfolio BOSTON, MA 63,34163.3k $7.0m $7.0m 0.31% Reduced -9.3k -9,264
86 FISCHER INVESTMENT STRATEGIES, LLC 4.02% of their portfolio Westlake Village, CA 62,23962.2k $6.9m $6.9m 4.02% Added +5.1k +5,113
87 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.39% of their portfolio Westlake, OH 61,93761.9k $6.9m $6.9m 0.39% Reduced -3.1k -3,088
88 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 61,84961.8k $6.9m $6.9m 0.03% Reduced -2.4k -2,435
89 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.35% of their portfolio Tel Aviv, L3 61,71261.7k $6.8m $6.8m 1.35% Unchanged
90 Guided Capital Wealth Management, LLC 4.49% of their portfolio HOUSTON, TX 61,39361.4k $6.8m $6.8m 4.49% Reduced -527 -527
91 SMITH, MOORE & CO. 0.48% of their portfolio CLAYTON, MO 59,07659.1k $6.5m $6.5m 0.48% Reduced -6.1k -6,078
92 Sigma Planning Corp 0.18% of their portfolio ANN ARBOR, MI 57,27657.3k $6.3m $6.3m 0.18% Added +9.2k +9,151
93 Tidemark, LLC 1.60% of their portfolio SAN DIEGO, CA 56,89956.9k $6.3m $6.3m 1.60% Added +52.4k +52,438
94 Quadcap Wealth Management, LLC 0.71% of their portfolio Frisco, TX 56,33856.3k $6.2m $6.2m 0.71% Reduced -4.1k -4,124
95 PCG Wealth Advisors, LLC 1.57% of their portfolio OVERLAND PARK, KS 56,14756.1k $6.2m $6.2m 1.57% Added +2.0k +2,038
96 Western Wealth Management, LLC 0.23% of their portfolio GOLDEN, CO 55,59355.6k $6.2m $6.2m 0.23% Added +2.5k +2,502
97 Cascade Financial Partners, LLC 0.63% of their portfolio SAN DIEGO, CA 55,56855.6k $6.2m $6.2m 0.63% Reduced -993 -993
98 COOPER INVESTORS PTY LTD 2.50% of their portfolio MELBOURNE, VICTORIA, C3 55,44155.4k $6.1m $6.1m 2.50% New
99 Sovran Advisors, LLC 0.55% of their portfolio SAN DIEGO, CA 55,33355.3k $7.0m $7.0m 0.55% Added +1.2k +1,235
100 Rehmann Capital Advisory Group 0.32% of their portfolio LANSING, MI 55,18555.2k $6.1m $6.1m 0.32% Reduced -8.6k -8,639