Vault-13

FIRST TR EXCH TRADED FD III FPE

PFD SECS INC ETF · ETP · CUSIP 33739E108

447 institutional holders +0 vs Q1 2025
253,532,425253.5m shares reported held*
$4.4bnreported value*
42 new 179 added 153 reduced 41 sold out net bought ≈ $556.5m (+36.5m 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 ($3.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.42. Options: 1 managers hold calls ($0 notional), 3 hold puts ($192.0k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 407Q4 22: 427Q1 23: 398Q2 23: 398Q3 23: 389Q4 23: 408Q1 24: 406Q2 24: 409Q3 24: 416Q4 24: 450Q1 25: 447Q2 25: 447447Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022407
Q4 2022427
Q1 2023398
Q2 2023398
Q3 2023389
Q4 2023408
Q1 2024406
Q2 2024409
Q3 2024416
Q4 2024450
Q1 2025447
Q2 2025447

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 165 bought or addedQ3 23: 207 cut or sold outQ4 23: 158 bought or addedQ4 23: 210 cut or sold outQ4 23Q1 24: 202 bought or addedQ1 24: 182 cut or sold outQ2 24: 181 bought or addedQ2 24: 195 cut or sold outQ2 24Q3 24: 216 bought or addedQ3 24: 173 cut or sold outQ4 24: 234 bought or addedQ4 24: 161 cut or sold outQ4 24Q1 25: 243 bought or addedQ1 25: 176 cut or sold outQ2 25: 221 bought or addedQ2 25: 194 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023165207
Q4 2023158210
Q1 2024202182
Q2 2024181195
Q3 2024216173
Q4 2024234161
Q1 2025243176
Q2 2025221194

Calls vs puts

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

CallsPuts
$0$50k$100k$150k$200kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $54.8kQ1 25P/C —Q2 25 calls: $0Q2 25 puts: $192.0kQ2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$54.8k—
Q2 2025$0$192.0k—

Biggest buyers

ROYAL BANK OF CANADA Added +26,573,961+26.6m
Gallagher Fiduciary Advisors, LLC Added +3,473,262+3.5m
Rockefeller Capital Management L.P. Added +1,975,259+2.0m
Proficio Capital Partners LLC New +1,923,095+1.9m
JANE STREET GROUP, LLC Added +1,139,866+1.1m
NorthCoast Asset Management LLC New +833,923+833.9k
State of Tennessee, Department of Treasury Added +672,400+672.4k
STONEBRIDGE ADVISORS LLC Added +626,333+626.3k
Summit Financial, LLC Added +455,509+455.5k
Atria Investments, Inc New +453,262+453.3k

Biggest sellers

MORGAN STANLEY Reduced -866,896-866.9k
LPL Financial LLC Reduced -514,082-514.1k
WELLS FARGO & COMPANY/MN Reduced -373,901-373.9k
PARK NATIONAL CORP /OH/ Reduced -346,629-346.6k
Focus Partners Wealth Sold out -345,451-345.5k
Prospera Financial Services Inc Reduced -317,362-317.4k
Naviter Wealth, LLC Sold out -251,793-251.8k
Concurrent Investment Advisors, LLC Reduced -202,657-202.7k
ORBA Wealth Advisors, L.L.C. Reduced -191,979-192.0k
OSAIC HOLDINGS, INC. Reduced -190,923-190.9k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC New $178.0k10.0k shares
SIMPLEX TRADING, LLC New $14.0k800 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 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 51,422,13751.4m $915.3m $915.3m 0.06% Reduced -866.9k -866,896
2 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 43,870,20043.9m $780.9m $780.9m 0.08% Added +26.6m +26,573,961
3 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 14,645,24714.6m $260.7m $260.7m 0.06% Reduced -373.9k -373,901
4 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 13,848,67513.8m $246.5m $246.5m 0.08% Reduced -514.1k -514,082
5 UBS Group AG 0.04% of their portfolio ZURICH, V8 10,214,47010.2m $181.8m $181.8m 0.04% Added +279.5k +279,475
6 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 8,740,9498.7m $155.6m $155.6m 0.05% Reduced -138.7k -138,662
7 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 7,226,5447.2m $128.6m $128.6m 0.01% Added +83.4k +83,365
8 Rockefeller Capital Management L.P. 0.08% of their portfolio NEW YORK, NY 3,930,8003.9m $70.0m $70.0m 0.08% Added +2.0m +1,975,259
9 Gallagher Fiduciary Advisors, LLC 0.01% of their portfolio ROLLING MEADOWS, IL 3,675,2023.7m $205.0k $205.0k 0.01% Added +3.5m +3,473,262
10 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 3,499,6743.5m $62.3m $62.3m 0.02% Added +35.1k +35,076
11 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 2,895,9832.9m $51.5m $51.5m 0.06% Added +179.1k +179,099
12 Kestra Advisory Services, LLC 0.21% of their portfolio AUSTIN, TX 2,468,3572.5m $43.9m $43.9m 0.21% Reduced -98.0k -97,969
13 PARK NATIONAL CORP /OH/ 1.28% of their portfolio NEWARK, OH 2,183,0412.2m $38.9m $38.9m 1.28% Reduced -346.6k -346,629
14 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 2,178,8662.2m $38.8m $38.8m 0.04% Added +64.7k +64,742
15 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 2,104,8822.1m $37.5m $37.5m 0.07% Reduced -190.9k -190,923
16 Advisory Alpha, LLC 1.16% of their portfolio HOLLAND, MI 2,092,0692.1m $37.2m $37.2m 1.16% Added +91.9k +91,884
17 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 2,058,2212.1m $36.6m $36.6m 0.01% Reduced -17.1k -17,111
18 Arax Advisory Partners 1.64% of their portfolio NEW YORK, NY 2,006,7732.0m $35.7m $35.7m 1.64% Added +80.7k +80,737
19 Proficio Capital Partners LLC 0.12% of their portfolio NEWTON, MA 1,923,0951.9m $1.9m $1.9m 0.12% New
20 State of Tennessee, Department of Treasury 0.12% of their portfolio NASHVILLE, TN 1,832,3001.8m $32.6m $32.6m 0.12% Added +672.4k +672,400
21 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 1,731,2031.7m $30.8m $30.8m 0.05% Added +9.8k +9,799
22 Magnus Financial Group LLC 2.64% of their portfolio NEW YORK, NY 1,690,7971.7m $30.1m $30.1m 2.64% Added +164.9k +164,887
23 MAI Capital Management 0.20% of their portfolio INDEPENDENCE, OH 1,644,5251.6m $29.3m $29.3m 0.20% Added +58.8k +58,842
24 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 1,556,4791.6m $27.7m $27.7m 0.05% Added +118.0k +117,999
25 Prospera Financial Services Inc 0.51% of their portfolio Dallas, TX 1,536,0261.5m $27.3m $27.3m 0.51% Reduced -317.4k -317,362
26 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 1,492,7571.5m $26.6m $26.6m 0.04% Added +30.5k +30,548
27 AFFINITY WEALTH MANAGEMENT LLC 4.02% of their portfolio WILMINGTON, DE 1,413,3821.4m $25.2m $25.2m 4.02% Reduced -1.5k -1,471
28 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 1,402,8611.4m $25.0m $25.0m 0.04% Added +1.1m +1,139,866
29 COUNTRY TRUST BANK 0.55% of their portfolio Bloomington, IL 1,376,1581.4m $24.5m $24.5m 0.55% Reduced -5.4k -5,352
30 Janney Montgomery Scott LLC 0.06% of their portfolio PHILADELPHIA, PA 1,251,3791.3m $22.3m $22.3m 0.06% Reduced -130.7k -130,718
31 Falcon Wealth Planning 2.16% of their portfolio Ontario, CA 1,198,9261.2m $21.3m $21.3m 2.16% Added +60.5k +60,458
32 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 1,179,2851.2m $21.0m $21.0m 0.06% Added +4.3k +4,254
33 INTEGRITY WEALTH ADVISORS, INC. 14.36% of their portfolio Ventura, CA 1,154,6841.2m $20.6m $20.6m 14.36% Reduced -90.5k -90,495
34 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.45% of their portfolio Seattle, WA 1,117,5891.1m $19.9m $19.9m 0.45% Added +41.7k +41,683
35 STONEBRIDGE ADVISORS LLC 12.75% of their portfolio WILTON, CT 1,088,2081.1m $19.4m $19.4m 12.75% Added +626.3k +626,333
36 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 1,030,9091.0m $18.4m $18.4m 0.03% Added +55.0k +54,951
37 Ocean Park Asset Management, LLC 0.63% of their portfolio SANTA MONICA, CA 1,014,5151.0m $17.8m $17.8m 0.63% Unchanged
38 HCR Wealth Advisors 2.00% of their portfolio LOS ANGELES, CA 952,756952.8k $17.0m $17.0m 2.00% Added +25.4k +25,360
39 Steward Partners Investment Advisory, LLC 0.13% of their portfolio STAMFORD, CT 926,339926.3k $16.5m $16.5m 0.13% Reduced -2.9k -2,940
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 844,334844.3k $15.0m $15.0m 0.00% Reduced -150.2k -150,216
41 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 840,425840.4k $15.0m $15.0m 0.01% Reduced -7.6k -7,595
42 NorthCoast Asset Management LLC 0.06% of their portfolio STAMFORD, CT 833,923833.9k $14.8m $14.8m 0.06% New
43 KINGSWOOD WEALTH ADVISORS, LLC 1.14% of their portfolio SAN DIEGO, CA 812,847812.8k $14.5m $14.5m 1.14% Added +398.0k +398,040
44 Wealthspire Retirement, LLC 0.92% of their portfolio ALISO VIEJO, CA 786,367786.4k $14.0m $14.0m 0.92% Added +4.5k +4,450
45 Mariner, LLC 0.02% of their portfolio Overland Park, KS 781,664781.7k $13.9m $13.9m 0.02% Reduced -149.0k -149,002
46 Avidian Wealth Enterprises, LLC 0.52% of their portfolio Houston, TX 722,073722.1k $12.9m $12.9m 0.52% Added +28.2k +28,159
47 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 704,738704.7k $12.5m $12.5m 0.02% Added +235.1k +235,050
48 Waverly Advisors, LLC 0.13% of their portfolio BIRMINGHAM, AL 684,966685.0k $12.2m $12.2m 0.13% Reduced -24.4k -24,440
49 Csenge Advisory Group 0.62% of their portfolio CLEARWATER, FL 667,905667.9k $11.7m $11.7m 0.62% Reduced -4.6k -4,582
50 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 633,518633.5k $11.3m $11.3m 0.01% Added +72.3k +72,272
51 AVANTAX ADVISORY SERVICES, INC. 0.06% of their portfolio DALLAS, TX 622,473622.5k $11.1m $11.1m 0.06% Added +63.9k +63,915
52 KESTRA PRIVATE WEALTH SERVICES, LLC 0.15% of their portfolio AUSTIN, TX 603,821603.8k $10.7m $10.7m 0.15% Added +22.2k +22,227
53 BARINGS LLC 0.25% of their portfolio CHARLOTTE, NC 596,147596.1k $10.6m $10.6m 0.25% Reduced -26.3k -26,298
54 Ashton Thomas Private Wealth, LLC 0.37% of their portfolio SCOTTSDALE, AZ 593,760593.8k $10.6m $10.6m 0.37% Added +21.1k +21,067
55 Ameritas Investment Partners, Inc. 0.33% of their portfolio LINCOLN, NE 584,542584.5k $10.4m $10.4m 0.33% Added +30.6k +30,591
56 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 578,505578.5k $10.3m $10.3m 0.01% Reduced -12.9k -12,946
57 Kinloch Capital, LLC 4.72% of their portfolio GLEN ALLEN, VA 569,555569.6k $10.1m $10.1m 4.72% Added +4.9k +4,919
58 Trinity Legacy Partners, LLC 2.41% of their portfolio HOUSTON, TX 554,777554.8k $9.9m $9.9m 2.41% Added +13.0k +13,000
59 Summit Financial, LLC 0.22% of their portfolio PARSIPPANY, NJ 537,716537.7k $9.6m $9.6m 0.22% Added +455.5k +455,509
60 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 530,667530.7k $9.5m $9.5m 0.02% Reduced -30.5k -30,546
61 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 519,573519.6k $9.2m $9.2m 0.03% Added +25.6k +25,604
62 Frisch Financial Group, Inc. 2.21% of their portfolio MELVILLE, NY 507,992508.0k $9.0m $9.0m 2.21% Added +18.1k +18,075
63 Twelve Points Wealth Management LLC 2.34% of their portfolio CONCORD, MA 487,611487.6k $8.7m $8.7m 2.34% Added +21.9k +21,904
64 Glassy Mountain Advisors, Inc. 2.78% of their portfolio BETHESDA, MD 485,695485.7k $8.6m $8.6m 2.78% Added +8.6k +8,615
65 Quad-Cities Investment Group, LLC 3.92% of their portfolio DAVENPORT, IA 484,380484.4k $8.6m $8.6m 3.92% Added +18.8k +18,846
66 &PARTNERS 0.07% of their portfolio NASHVILLE, TN 477,121477.1k $8.5m $8.5m 0.07% Added +809 +809
67 Fifth Third Securities, Inc. 0.64% of their portfolio Cincinnati, OH 475,480475.5k $8.5m $8.5m 0.64% Added +156.3k +156,262
68 Atria Investments, Inc 0.10% of their portfolio Charlotte, NC 453,262453.3k $8.1m $8.1m 0.10% New
69 Seros Financial, LLC 4.99% of their portfolio TEMPE, AZ 441,869441.9k $7.9m $7.9m 4.99% Added +13.4k +13,389
70 COMERICA BANK 0.03% of their portfolio DALLAS, TX 435,679435.7k $7.8m $7.8m 0.03% Added +3.7k +3,749
71 Chicago Partners Investment Group LLC 0.22% of their portfolio CHICAGO, IL 422,228422.2k $7.5m $7.5m 0.22% Added +11.1k +11,068
72 Gradient Investments LLC 0.13% of their portfolio ARDEN HILLS, MN 408,636408.6k $7.3m $7.3m 0.13% Added +6.1k +6,085
73 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 397,713397.7k $7.1m $7.1m 0.03% Added +34.8k +34,807
74 HOWARD FINANCIAL SERVICES, LTD. 0.93% of their portfolio DALLAS, TX 397,326397.3k $7.1m $7.1m 0.93% Reduced -64.5k -64,475
75 Prasad Wealth Partners, LLC 2.06% of their portfolio INDEPENDENCE, OH 395,428395.4k $7.0m $7.0m 2.06% Reduced -49.3k -49,265
76 HARBOUR INVESTMENTS, INC. 0.18% of their portfolio MADISON, WI 393,356393.4k $7.0m $7.0m 0.18% Added +18.3k +18,267
77 OPPENHEIMER & CO INC 0.09% of their portfolio NEW YORK, NY 389,526389.5k $6.9m $6.9m 0.09% Reduced -19.3k -19,259
78 Newman Dignan & Sheerar, Inc. 1.56% of their portfolio PROVIDENCE, RI 382,411382.4k $6.8m $6.8m 1.56% Added +28.7k +28,735
79 Gladstone Institutional Advisory LLC 0.28% of their portfolio Bedminster, NJ 381,102381.1k $6.8m $6.8m 0.28% Added +43.8k +43,793
80 Sigma Planning Corp 0.20% of their portfolio ANN ARBOR, MI 380,281380.3k $6.8m $6.8m 0.20% Added +2.6k +2,648
81 PFS Partners, LLC 3.38% of their portfolio MINE HILL, NJ 376,954377.0k $6.7m $6.7m 3.38% Added +14.0k +13,988
82 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 371,865371.9k $6.6m $6.6m 0.03% Added +9.2k +9,236
83 MGO ONE SEVEN LLC 0.21% of their portfolio Beachwood, OH 367,860367.9k $6.5m $6.5m 0.21% Reduced -4.5k -4,463
84 Midwest Heritage Bank, FSB 2.46% of their portfolio WEST DES MOINES, IA 367,561367.6k $6.5m $6.5m 2.46% Added +7.7k +7,670
85 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 359,458359.5k $6.4m $6.4m 0.05% Added +11.3k +11,337
86 Glass Jacobson Investment Advisors llc 2.46% of their portfolio OWINGS MILLS, MD 359,087359.1k $6.4m $6.4m 2.46% Added +14.2k +14,247
87 STEPHENS INC /AR/ 0.08% of their portfolio LITTLE ROCK, AR 346,068346.1k $6.2m $6.2m 0.08% Reduced -1.6k -1,595
88 Marion Wealth Management 1.53% of their portfolio MONROEVILLE, PA 343,418343.4k $6.1m $6.1m 1.53% Added +6.5k +6,473
89 Stratos Wealth Partners, LTD. 0.08% of their portfolio BEACHWOOD, OH 328,815328.8k $5.9m $5.9m 0.08% Added +12.7k +12,706
90 Lokken Investment Group LLC 2.24% of their portfolio LEWES, DE 327,087327.1k $5.8m $5.8m 2.24% Reduced -20.2k -20,248
91 IMA Advisory Services, Inc. 0.62% of their portfolio DENVER, CO 325,157325.2k $5.8m $5.8m 0.62% Added +3.8k +3,765
92 Curran Financial Partners, LLC 1.26% of their portfolio DANIEL ISLAND, SC 321,142321.1k $5.7m $5.7m 1.26% New
93 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 317,957318.0k $5.6m $5.6m 0.00% Added +64.0k +64,035
94 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 313,372313.4k $5.6m $5.6m 0.03% Reduced -94.5k -94,522
95 Elevation Capital Advisory, LLC 2.13% of their portfolio BEND, OR 298,659298.7k $5.3m $5.3m 2.13% New
96 TWIN PEAKS WEALTH ADVISORS, LLC 1.74% of their portfolio SAN FRANCISCO, CA 298,370298.4k $5.4m $5.4m 1.74% Added +1.0k +1,025
97 Family Legacy, Inc. 1.72% of their portfolio GREENVILLE, SC 296,312296.3k $5.3m $5.3m 1.72% Added +2.4k +2,401
98 Sound Income Strategies, LLC 0.30% of their portfolio FT LAUDERDALE, FL 293,418293.4k $5.2m $5.2m 0.30% Reduced -10.7k -10,721
99 Western Wealth Management, LLC 0.30% of their portfolio GOLDEN, CO 286,378286.4k $5.1m $5.1m 0.30% Reduced -7.9k -7,949
100 FLAGSTAR SECURITIES, INC 1.41% of their portfolio New York, NY 286,364286.4k $5.1m $5.1m 1.41% Reduced -26.3k -26,337