Vault-13

FIRST TR EXCH TRADED FD III FEMB

EME MRK BD ETF · ETP · CUSIP 33739P202

103 institutional holders +12 vs Q4 2025
8,621,3508.6m shares reported held*
$250.1mreported value*
24 new 52 added 19 reduced 10 sold out net bought ≈ $66.5m (+2.3m 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 ($96.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $29.01.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 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: 77Q4 25: 91Q1 26: 103103Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 202591
Q1 2026103

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q4 25: 57 bought or addedQ4 25: 28 cut or sold outQ1 26: 76 bought or addedQ1 26: 29 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20243924
Q3 20244028
Q4 20242842
Q1 20252739
Q2 20254320
Q3 20255523
Q4 20255728
Q1 20267629

Biggest buyers

Marshall Financial Group, LLC New +312,185+312.2k
Concurrent Investment Advisors, LLC Added +251,074+251.1k
LPL Financial LLC Added +238,729+238.7k
Independent Advisor Alliance New +229,001+229.0k
JANE STREET GROUP, LLC New +218,122+218.1k
OSAIC HOLDINGS, INC. Added +165,650+165.7k
MORGAN STANLEY Added +164,422+164.4k
Csenge Advisory Group Added +154,703+154.7k
RAYMOND JAMES FINANCIAL INC Added +149,899+149.9k
Elequin Capital, LP Added +147,552+147.6k

Biggest sellers

Almanack Investment Partners, LLC. Sold out -186,416-186.4k
Redhawk Wealth Advisors, Inc. Reduced -151,162-151.2k
FIG FINANCIAL ADVISORY SERVICES INC /ADV Sold out -72,751-72.8k
US BANCORP \DE\ Sold out -19,362-19.4k
KESTRA PRIVATE WEALTH SERVICES, LLC Sold out -13,573-13.6k
Riggs Asset Managment Co. Inc. Sold out -11,173-11.2k
FLOW TRADERS U.S. LLC Sold out -10,000-10.0k
Pine Valley Investments Ltd Liability Co Reduced -7,666-7.7k
CWM, LLC Reduced -5,955-6.0k
Envestnet Portfolio Solutions, Inc. Reduced -4,110-4.1k

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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,671,3891.7m $48.0m $48.0m 0.00% Added +164.4k +164,422
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,420,6521.4m $40.8m $40.8m 0.01% Added +238.7k +238,729
3 Csenge Advisory Group 0.52% of their portfolio CLEARWATER, FL 392,454392.5k $11.3m $11.3m 0.52% Added +154.7k +154,703
4 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 333,411333.4k $9.6m $9.6m 0.00% Reduced -833 -833
5 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 329,240329.2k $9.5m $9.5m 0.01% Added +165.7k +165,650
6 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 319,673319.7k $9.2m $9.2m 0.01% Added +63.5k +63,498
7 Marshall Financial Group, LLC 1.44% of their portfolio Hunt Valley, MD 312,185312.2k $9.0m $9.0m 1.44% New
8 Concurrent Investment Advisors, LLC 0.09% of their portfolio Tampa, FL 271,554271.6k $7.8m $7.8m 0.09% Added +251.1k +251,074
9 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 251,407251.4k $7.2m $7.2m 0.00% Added +149.9k +149,899
10 Seascape Capital Management 1.95% of their portfolio PORTSMOUTH, NH 235,617235.6k $6.8m $6.8m 1.95% Added +6.9k +6,932
11 Independent Advisor Alliance 0.07% of their portfolio CHARLOTTE, NC 229,001229.0k $6.6m $6.6m 0.07% New
12 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 218,122218.1k $6.3m $6.3m 0.01% New
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 210,433210.4k $6.0m $6.0m 0.00% Added +74.1k +74,123
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 191,970192.0k $5.5m $5.5m 0.00% Added +13.1k +13,102
15 Elequin Capital, LP 0.61% of their portfolio NEW YORK, NY 153,638153.6k $6.7m $6.7m 0.61% Added +147.6k +147,552
16 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 143,904143.9k $4.1m $4.1m 0.02% Added +3.9k +3,864
17 Euro Pacific Asset Management, LLC 0.33% of their portfolio DORADO, PR 114,220114.2k $3.3m $3.3m 0.33% Reduced -3.0k -2,996
18 AllGen Financial Advisors, Inc. 0.76% of their portfolio ORLANDO, FL 111,218111.2k $3.2m $3.2m 0.76% New
19 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 109,529109.5k $3.1m $3.1m 0.00% Added +18.3k +18,304
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 92,52092.5k $2.7m $2.7m 0.00% Added +71.3k +71,251
21 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 87,70587.7k $2.5m $2.5m 0.01% Reduced -220 -220
22 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 86,18586.2k $2.5m $2.5m 0.01% Added +12.5k +12,520
23 IAMS WEALTH MANAGEMENT, LLC 0.80% of their portfolio OMAHA, NE 79,58379.6k $2.3m $2.3m 0.80% Added +9.6k +9,615
24 Endowment Wealth Management, Inc. 1.00% of their portfolio APPLETON, WI 78,91378.9k $2.3m $2.3m 1.00% Added +14.0k +14,007
25 Avior Wealth Management, LLC 0.06% of their portfolio OMAHA, NE 71,21671.2k $2.0m $2.0m 0.06% New
26 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 52,13252.1k $1.5m $1.5m 0.01% Added +16.4k +16,432
27 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 51,76351.8k $1.5m $1.5m 0.02% Added +44.7k +44,730
28 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 49,63749.6k $1.4m $1.4m 0.00% Added +6.1k +6,062
29 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.03% of their portfolio LOS ANGELES, CA 48,09048.1k $1.4m $1.4m 0.03% Added +961 +961
30 Walkner Condon Financial Advisors LLC 0.18% of their portfolio MADISON, WI 47,45347.5k $1.4m $1.4m 0.18% Added +1.3k +1,266
31 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 45,81345.8k $1.3m $1.3m 0.02% Added +7.8k +7,756
32 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 36,97537.0k $1.1m $1.1m 0.01% Added +250 +250
33 Redhawk Wealth Advisors, Inc. 0.11% of their portfolio MINNEAPOLIS, MN 33,32333.3k $957.6k $957.6k 0.11% Reduced -151.2k -151,162
34 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 33,10233.1k $951.0k $951.0k 0.02% Added +2.4k +2,355
35 HBW ADVISORY SERVICES LLC 0.09% of their portfolio SIMI VALLEY, CA 30,87730.9k $887.3k $887.3k 0.09% Added +12.1k +12,073
36 Vestmark Advisory Solutions, Inc. 0.01% of their portfolio Wakefield, MA 30,74030.7k $883.4k $883.4k 0.01% Added +586 +586
37 CWM, LLC 0.00% of their portfolio OMAHA, NE 29,23929.2k $840.2k $840.2k 0.00% Reduced -6.0k -5,955
38 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 28,98729.0k $833.0k $833.0k 0.00% Added +3.5k +3,499
39 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 28,91428.9k $830.9k $830.9k 0.00% Added +2.5k +2,547
40 COTTONWOOD CAPITAL ADVISORS, LLC 0.58% of their portfolio SALT LAKE CITY, UT 28,41628.4k $816.6k $816.6k 0.58% Reduced -362 -362
41 Rareview Capital LLC 0.45% of their portfolio LAS VEGAS, NV 26,68826.7k $770.7k $770.7k 0.45% Added +4.1k +4,108
42 Pine Valley Investments Ltd Liability Co 0.04% of their portfolio MARLTON, NJ 26,30726.3k $756.0k $756.0k 0.04% Reduced -7.7k -7,666
43 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 26,16026.2k $751.8k $751.8k 0.01% Reduced -1.0k -1,039
44 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 22,13522.1k $636.1k $636.1k 0.00% Reduced -4.1k -4,110
45 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 21,96422.0k $631.2k $631.2k 0.00% New
46 Dunhill Financial, LLC 0.15% of their portfolio LONDON, X0 21,79421.8k $626.3k $626.3k 0.15% New
47 EVOKE WEALTH, LLC 0.01% of their portfolio Los Angeles, CA 19,50019.5k $560.4k $560.4k 0.01% Added +4.3k +4,300
48 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 19,47519.5k $559.8k $559.8k 0.01% Added +6.6k +6,581
49 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 18,74718.7k $538.7k $538.7k 0.00% New
50 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 17,63417.6k $506.7k $506.7k 0.02% New
51 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 15,00015.0k $431.1k $431.1k 0.01% New
52 Kovack Advisors, Inc. 0.02% of their portfolio FT. LAUDERDALE, FL 14,68314.7k $424.2k $424.2k 0.02% Added +734 +734
53 PARK AVENUE SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 14,40014.4k $414.0k $414.0k 0.00% New
54 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 13,69713.7k $393.6k $393.6k 0.01% Added +786 +786
55 Balefire, LLC 0.07% of their portfolio DALLAS, TX 13,69113.7k $393.4k $393.4k 0.07% Added +1.1k +1,124
56 Wagner Wealth Management, LLC 0.07% of their portfolio GREENVILLE, SC 11,71611.7k $336.7k $336.7k 0.07% Added +171 +171
57 KKM Financial LLC 0.06% of their portfolio CHICAGO, IL 11,65611.7k $347.3k $347.3k 0.06% Unchanged
58 BAM Wealth Management, LLC 0.24% of their portfolio LAKEWOOD, CO 11,37011.4k $326.7k $326.7k 0.24% Added +4.1k +4,137
59 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 11,09311.1k $318.8k $318.8k 0.00% New
60 Balboa Wealth Partners 0.05% of their portfolio SCOTTSDALE, AZ 10,98311.0k $315.6k $315.6k 0.05% Added +325 +325
61 Realta Investment Advisors 0.11% of their portfolio WILMINGTON, DE 10,81810.8k $310.9k $310.9k 0.11% Added +848 +848
62 Rubicon Advisors, GP 0.26% of their portfolio REDDING, CA 10,32610.3k $296.7k $296.7k 0.26% Added +527 +527
63 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 9,98910.0k $287.1k $287.1k 0.01% Added +932 +932
64 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 9,95710.0k $286.1k $286.1k 0.00% New
65 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 9,9309.9k $285.3k $285.3k 0.00% Reduced -3.1k -3,100
66 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 9,5579.6k $274.6k $274.6k 0.00% Added +143 +143
67 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 9,3019.3k $267.3k $267.3k 0.00% Added +5.0k +4,956
68 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 9,1669.2k $263.4k $263.4k 0.00% Reduced -3.3k -3,313
69 Sovran Advisors, LLC 0.02% of their portfolio SAN DIEGO, CA 8,8598.9k $259.9k $259.9k 0.02% New
70 Wagner Wealth Management, Corp 0.22% of their portfolio CONYNGHAM, PA 8,5498.5k $245.7k $245.7k 0.22% Reduced -57 -57
71 Milestones Private Investment Advisors LLC 0.20% of their portfolio FAIRPORT, NY 8,0118.0k $230.2k $230.2k 0.20% Added +1.1k +1,072
72 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 7,8357.8k $225.2k $225.2k 0.00% New
73 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 7,6977.7k $221.2k $221.2k 0.00% Reduced -363 -363
74 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 7,6127.6k $218.7k $218.7k 0.00% New
75 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 7,5927.6k $219.7k $219.7k 0.00% Reduced -1.2k -1,246
76 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 7,4707.5k $214.7k $214.7k 0.00% Added +539 +539
77 InTrack Investment Management Inc 0.12% of their portfolio SOUTH BURLINGTON, VT 7,3337.3k $210.7k $210.7k 0.12% New
78 Park Square Financial Group, LLC 1.55% of their portfolio ROSWELL, GA 7,1237.1k $204.7k $204.7k 1.55% New
79 Intesa Sanpaolo Wealth Management 0.03% of their portfolio LUXEMBOURG, N4 4,0004.0k $114.9k $114.9k 0.03% Added +2.5k +2,500
80 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,3453.3k $96.1k $96.1k 0.00% Added +3.3k +3,344
81 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,9963.0k $86.6k $86.6k 0.00% New
82 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 2,7102.7k $77.9k $77.9k 0.00% Reduced -963 -963
83 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 2,5542.6k $73.4k $73.4k 0.00% Unchanged
84 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 2,2252.2k $63.9k $63.9k 0.00% Added +584 +584
85 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 2,1592.2k $62.0k $62.0k 0.01% Added +114 +114
86 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 1,5191.5k $43.9k $43.9k 0.00% Added +1.2k +1,175
87 Merkkuri Wealth Advisors LLC 0.03% of their portfolio HICKSVILLE, NY 1,3751.4k $39.5k $39.5k 0.03% New
88 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 1,1731.2k $33.3k $33.3k 0.00% Added +518 +518
89 Raleigh Capital Management Inc. 0.01% of their portfolio CARY, NC 1,0151.0k $29.2k $29.2k 0.01% Reduced -70 -70
90 Triumph Capital Management 0.00% of their portfolio DENVER, CO 700700 $20.1k $20.1k 0.00% Unchanged
91 Rossby Financial, LCC 0.00% of their portfolio MELBOURNE, FL 537537 $15.5k $15.5k 0.00% Added +3 +3
92 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 441441 $12.7k $12.7k 0.00% Unchanged
93 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 305305 $8.8k $8.8k 0.00% Reduced -247 -247
94 WHITTIER TRUST CO OF NEVADA INC 0.00% of their portfolio RENO, NV 282282 $8.2k $8.2k 0.00% New
95 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 6363 $1.8k $1.8k 0.00% Unchanged
96 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 5959 $1.7k $1.7k 0.00% Unchanged
97 MCGUIRE CAPITAL ADVISORS INC 0.00% of their portfolio BETHANY, OK 5454 $1.6k $1.6k 0.00% Unchanged
98 Caitlin John, LLC 0.00% of their portfolio BRIGHTON, MI 5252 $1.5k $1.5k 0.00% Unchanged
99 TopTier Wealth Management, LLC 0.00% of their portfolio MUSKEGO, WI 4949 $1.4k $1.4k 0.00% New
100 Key Capital Management, INC 0.00% of their portfolio HENDERSONVILLE, TN 37075, TN 3131 $891 $891 0.00% New