Vault-13

FIRST TR EXCH TRADED FD III FEMB

EME MRK BD ETF · ETP · CUSIP 33739P202

77 institutional holders +12 vs Q2 2025
5,451,3835.5m shares reported held*
$159.9mreported value*
20 new 35 added 16 reduced 7 sold out net bought ≈ $32.3m (+1.1m 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 ≈ $29.34.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 43Q4 22: 46Q1 23: 45Q2 23: 45Q3 23: 48Q4 23: 50Q1 24: 57Q2 24: 65Q3 24: 66Q4 24: 70Q1 25: 56Q2 25: 65Q3 25: 7777Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202243
Q4 202246
Q1 202345
Q2 202345
Q3 202348
Q4 202350
Q1 202457
Q2 202465
Q3 202466
Q4 202470
Q1 202556
Q2 202565
Q3 202577

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 24 bought or addedQ4 23: 24 cut or sold outQ1 24: 34 bought or addedQ1 24: 18 cut or sold outQ1 24Q2 24: 39 bought or addedQ2 24: 24 cut or sold outQ3 24: 40 bought or addedQ3 24: 28 cut or sold outQ3 24Q4 24: 28 bought or addedQ4 24: 42 cut or sold outQ1 25: 27 bought or addedQ1 25: 39 cut or sold outQ1 25Q2 25: 43 bought or addedQ2 25: 20 cut or sold outQ3 25: 55 bought or addedQ3 25: 23 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232424
Q1 20243418
Q2 20243924
Q3 20244028
Q4 20242842
Q1 20252739
Q2 20254320
Q3 20255523

Biggest buyers

Redhawk Wealth Advisors, Inc. New +346,702+346.7k
LPL Financial LLC Added +190,240+190.2k
Synergy Asset Management, LLC New +131,971+132.0k
MORGAN STANLEY Added +103,738+103.7k
Rareview Capital LLC New +76,349+76.3k
FIG FINANCIAL ADVISORY SERVICES INC /ADV New +71,647+71.6k
Csenge Advisory Group New +58,901+58.9k
WELLS FARGO & COMPANY/MN Added +48,442+48.4k
OSAIC HOLDINGS, INC. Added +41,326+41.3k
NewEdge Advisors, LLC Added +39,583+39.6k

Biggest sellers

Euro Pacific Asset Management, LLC Reduced -115,933-115.9k
Concurrent Investment Advisors, LLC Reduced -57,472-57.5k
CITADEL ADVISORS LLC Sold out -34,931-34.9k
Vestmark Advisory Solutions, Inc. Reduced -24,046-24.0k
Visionary Wealth Advisors Sold out -23,413-23.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -6,542-6.5k
CWM, LLC Reduced -6,144-6.1k
ROYAL BANK OF CANADA Reduced -4,448-4.4k
Arax Advisory Partners Sold out -3,836-3.8k
Pine Valley Investments Ltd Liability Co Reduced -2,436-2.4k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FIRST TRUST PORTFOLIOS LP 13G · institution +2.5 pts · filed 2026-07-17 23.5% +2.5 pts 2.8m≈ $82.6m 2026-07-17

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,359,2601.4m $39.9m $39.9m 0.00% Added +103.7k +103,738
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 973,936973.9k $28.6m $28.6m 0.01% Added +190.2k +190,240
3 Redhawk Wealth Advisors, Inc. 1.18% of their portfolio MINNEAPOLIS, MN 346,702346.7k $10.2m $10.2m 1.18% New
4 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 341,145341.1k $10.0m $10.0m 0.00% Added +48.4k +48,442
5 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 224,467224.5k $6.6m $6.6m 0.00% Added +7.3k +7,275
6 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 179,278179.3k $5.2m $5.2m 0.01% Added +41.3k +41,326
7 Almanack Investment Partners, LLC. 0.79% of their portfolio WAYNE, PA 174,330174.3k $5.1m $5.1m 0.79% Added +7.3k +7,262
8 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 132,769132.8k $3.9m $3.9m 0.02% Added +16.1k +16,119
9 Synergy Asset Management, LLC 0.14% of their portfolio VANCOUVER, WA 131,971132.0k $3.9m $3.9m 0.14% New
10 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 124,849124.8k $3.7m $3.7m 0.00% Added +15.7k +15,653
11 Euro Pacific Asset Management, LLC 0.39% of their portfolio DORADO, PR 107,041107.0k $3.2m $3.2m 0.39% Reduced -115.9k -115,933
12 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 89,12189.1k $2.6m $2.6m 0.01% Added +12.8k +12,818
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 87,44387.4k $2.6m $2.6m 0.00% Added +11.9k +11,905
14 Rareview Capital LLC 1.35% of their portfolio LAS VEGAS, NV 76,34976.3k $2.2m $2.2m 1.35% New
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 73,56073.6k $2.2m $2.2m 0.00% Reduced -4.4k -4,448
16 FIG FINANCIAL ADVISORY SERVICES INC /ADV 1.32% of their portfolio OKLAHOMA CITY, OK 71,64771.6k $2.1m $2.1m 1.32% New
17 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 71,33571.3k $2.1m $2.1m 0.00% Added +13.0k +13,033
18 EWG Elevate Inc. 0.61% of their portfolio ROSEVILLE, CA 66,69466.7k $2.0m $2.0m 0.61% Added +1.9k +1,868
19 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 59,15159.2k $1.7m $1.7m 0.01% Added +39.6k +39,583
20 Csenge Advisory Group 0.08% of their portfolio CLEARWATER, FL 58,90158.9k $1.7m $1.7m 0.08% New
21 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 45,70945.7k $1.3m $1.3m 0.00% Added +1.3k +1,292
22 Walkner Condon Financial Advisors LLC 0.21% of their portfolio MADISON, WI 44,74844.7k $1.3m $1.3m 0.21% Added +1.3k +1,309
23 CWM, LLC 0.00% of their portfolio OMAHA, NE 38,75338.8k $1.1m $1.1m 0.00% Reduced -6.1k -6,144
24 Pine Valley Investments Ltd Liability Co 0.06% of their portfolio MARLTON, NJ 37,28837.3k $1.1m $1.1m 0.06% Reduced -2.4k -2,436
25 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 36,60836.6k $1.1m $1.1m 0.00% New
26 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 35,64535.6k $1.0m $1.0m 0.01% Added +3.0k +2,988
27 COTTONWOOD CAPITAL ADVISORS, LLC 0.65% of their portfolio SALT LAKE CITY, UT 30,52030.5k $895.5k $895.5k 0.65% Added +32 +32
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 28,50528.5k $836.3k $836.3k 0.00% Reduced -6.5k -6,542
29 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 28,43428.4k $834.3k $834.3k 0.02% Reduced -24.0k -24,046
30 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 28,28228.3k $829.7k $829.7k 0.01% Added +3.3k +3,328
31 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 26,33526.3k $772.7k $772.7k 0.00% Added +1.9k +1,922
32 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 24,17524.2k $709.3k $709.3k 0.00% Added +1.4k +1,416
33 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 23,40523.4k $686.7k $686.7k 0.02% Added +19.2k +19,171
34 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 19,13819.1k $561.5k $561.5k 0.00% New
35 HBW ADVISORY SERVICES LLC 0.05% of their portfolio SIMI VALLEY, CA 15,26715.3k $447.9k $447.9k 0.05% Added +5.4k +5,412
36 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 15,19515.2k $445.8k $445.8k 0.01% Reduced -57.5k -57,472
37 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 13,90013.9k $407.8k $407.8k 0.01% New
38 Wagner Wealth Management, LLC 0.09% of their portfolio GREENVILLE, SC 13,78813.8k $404.5k $404.5k 0.09% Added +202 +202
39 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 13,06113.1k $383.2k $383.2k 0.00% New
40 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 12,77812.8k $374.9k $374.9k 0.01% Added +29 +29
41 KKM Financial LLC 0.11% of their portfolio CHICAGO, IL 11,68711.7k $342.9k $342.9k 0.11% Added +440 +440
42 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 11,52311.5k $338.1k $338.1k 0.00% New
43 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 10,26710.3k $301.2k $301.2k 0.00% New
44 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 10,00010.0k $293.0k $293.0k 0.01% Unchanged
45 Realta Investment Advisors 0.10% of their portfolio WILMINGTON, DE 9,9399.9k $291.6k $291.6k 0.10% Added +91 +91
46 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 9,5379.5k $278.7k $278.7k 0.00% Reduced -117 -117
47 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 9,3049.3k $273.1k $273.1k 0.00% Added +662 +662
48 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 9,0399.0k $265.2k $265.2k 0.00% Reduced -967 -967
49 Balefire, LLC 0.05% of their portfolio DALLAS, TX 8,9438.9k $262.4k $262.4k 0.05% New
50 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 8,5438.5k $250.6k $250.6k 0.00% Added +3.6k +3,611
51 Brookwood Investment Group LLC 0.03% of their portfolio PHOENIX, AZ 7,9077.9k $232.0k $232.0k 0.03% New
52 Milestones Private Investment Advisors LLC 0.16% of their portfolio FAIRPORT, NY 7,8767.9k $231.1k $231.1k 0.16% Reduced -338 -338
53 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 7,6707.7k $225.0k $225.0k 0.01% New
54 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 7,5717.6k $222.1k $222.1k 0.00% Reduced -860 -860
55 COMERICA BANK 0.00% of their portfolio DALLAS, TX 6,9887.0k $205.0k $205.0k 0.00% Added +73 +73
56 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 6,9426.9k $203.7k $203.7k 0.00% New
57 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 6,8706.9k $201.6k $201.6k 0.00% New
58 Elequin Capital, LP 0.02% of their portfolio NEW YORK, NY 6,0866.1k $178.6k $178.6k 0.02% Reduced -10 -10
59 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 4,3194.3k $126.7k $126.7k 0.01% Added +117 +117
60 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,4962.5k $73.2k $73.2k 0.00% New
61 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 1,1051.1k $32.4k $32.4k 0.00% Reduced -414 -414
62 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 1,0831.1k $31.8k $31.8k 0.00% Reduced -18 -18
63 Raleigh Capital Management Inc. 0.01% of their portfolio CARY, NC 1,0701.1k $31.4k $31.4k 0.01% Added +16 +16
64 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 712712 $20.9k $20.9k 0.00% Added +308 +308
65 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 512512 $15.0k $15.0k 0.00% Unchanged
66 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 435435 $12.8k $12.8k 0.00% Reduced -82 -82
67 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 347347 $10.2k $10.2k 0.00% Unchanged
68 Rossby Financial, LCC 0.00% of their portfolio MELBOURNE, FL 295295 $8.7k $8.7k 0.00% Added +4 +4
69 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 267267 $7.8k $7.8k 0.00% Added +67 +67
70 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 208208 $6.0k $6.0k 0.00% Unchanged
71 UBS Group AG 0.00% of their portfolio ZURICH, V8 7373 $2.1k $2.1k 0.00% Added +63 +63
72 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 7373 $2.1k $2.1k 0.00% Reduced -113 -113
73 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 6363 $1.8k $1.8k 0.00% Unchanged
74 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 5959 $1.7k $1.7k 0.00% Unchanged
75 Caitlin John, LLC 0.00% of their portfolio BRIGHTON, MI 5252 $1.5k $1.5k 0.00% New
76 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 3131 $928 $928 0.00% New
77 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 88 $234 $234 0.00% New