Vault-13

FIRST TR EXCH TRADED FD III FSMB

SHRT DUR MNG MUN · ETP · CUSIP 33739P830

112 institutional holders +4 vs Q1 2023
16,514,11716.5m shares reported held*
$326.0mreported value*
15 new 44 added 30 reduced 12 sold out net bought ≈ $14.4m (+730.6k 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 ≈ $19.74. Options: 0 managers hold calls (— notional), 2 hold puts ($478.0k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 100Q4 22: 109Q1 23: 108Q2 23: 112112Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022100
Q4 2022109
Q1 2023108
Q2 2023112

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 53 bought or addedQ4 22: 47 cut or sold outQ4 22Q1 23: 54 bought or addedQ1 23: 50 cut or sold outQ1 23Q2 23: 59 bought or addedQ2 23: 42 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20225347
Q1 20235450
Q2 20235942

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $478.0kQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$478.0k—

Biggest buyers

MORGAN STANLEY Added +609,924+609.9k
Orion Porfolio Solutions, LLC Added +214,030+214.0k
Orion Portfolio Solutions, LLC Added +214,030+214.0k
First Heartland Consultants, Inc. Added +197,435+197.4k
Visionary Wealth Advisors New +184,182+184.2k
IFP Advisors, Inc Added +126,618+126.6k
STEPHENS INC /AR/ New +107,738+107.7k
RMR Wealth Builders Added +103,369+103.4k
GREAT VALLEY ADVISOR GROUP, INC. Added +90,710+90.7k
OSAIC HOLDINGS, INC. Added +48,308+48.3k

Biggest sellers

LWS Wealth Advisors, Inc. Reduced -509,441-509.4k
HighTower Advisors, LLC Reduced -385,569-385.6k
ROYAL BANK OF CANADA Reduced -115,288-115.3k
Per Stirling Capital Management, LLC. Reduced -96,586-96.6k
Raymond James Financial Services Advisors, Inc. Reduced -86,935-86.9k
Atria Investments, Inc Sold out -84,000-84.0k
ERn Financial, LLC Sold out -77,981-78.0k
Cetera Advisor Networks LLC Reduced -74,964-75.0k
ENVESTNET ASSET MANAGEMENT INC Reduced -51,107-51.1k
Cambridge Investment Research Advisors, Inc. Reduced -42,630-42.6k

Biggest calls

None

Biggest puts

IAMS WEALTH MANAGEMENT, LLC New $478.0k24.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. New $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.

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 new · filed 2026-01-30 5.6% new 1.4m≈ $28.4m 2026-01-30

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,354,4104.4m $86.0m $86.0m 0.01% Added +609.9k +609,924
2 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,341,5661.3m $26.5m $26.5m 0.02% Reduced -14.8k -14,794
3 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 1,279,4161.3m $25.3m $25.3m 0.04% Reduced -86.9k -86,935
4 Orion Porfolio Solutions, LLC 0.11% of their portfolio OMAHA, NE 515,283515.3k $10.2m $10.2m 0.11% Added +214.0k +214,030
5 Orion Portfolio Solutions, LLC 0.11% of their portfolio Omaha, NE 515,283515.3k $10.2m $10.2m 0.11% Added +214.0k +214,030
6 TruWealth Advisors, LLC 0.82% of their portfolio Metairie, LA 484,089484.1k $9.6m $9.6m 0.82% Added +39.3k +39,327
7 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 467,888467.9k $9.2m $9.2m 0.02% Reduced -385.6k -385,569
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 428,466428.5k $8.5m $8.5m 0.00% Reduced -115.3k -115,288
9 RMR Wealth Builders 1.29% of their portfolio Montclair, NJ 384,042384.0k $7.6m $7.6m 1.29% Added +103.4k +103,369
10 OGOREK ANTHONY JOSEPH /NY/ /ADV 2.89% of their portfolio WILLIAMSVILLE, NY 382,151382.2k $7.5m $7.5m 2.89% Reduced -755 -755
11 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 376,099376.1k $7.4m $7.4m 0.01% Added +48.3k +48,308
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 340,283340.3k $6.7m $6.7m 0.00% Added +34.9k +34,927
13 IFP Advisors, Inc 0.11% of their portfolio TAMPA, FL 258,506258.5k $5.1m $5.1m 0.11% Added +126.6k +126,618
14 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 230,969231.0k $4.6m $4.6m 0.00% Reduced -51.1k -51,107
15 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 218,637218.6k $4.3m $4.3m 0.04% Reduced -20.5k -20,488
16 First Heartland Consultants, Inc. 0.54% of their portfolio LAKE ST. LOUIS, MO 210,685210.7k $4.2m $4.2m 0.54% Added +197.4k +197,435
17 Nilsine Partners, LLC 0.60% of their portfolio GREENWOOD VILLAGE, CO 205,547205.5k $4.1m $4.1m 0.60% Reduced -12.2k -12,188
18 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 203,109203.1k $4.0m $4.0m 0.02% Reduced -42.6k -42,630
19 Mariner, LLC 0.01% of their portfolio Overland Park, KS 194,954195.0k $3.8m $3.8m 0.01% Added +43.5k +43,506
20 GREAT VALLEY ADVISOR GROUP, INC. 0.16% of their portfolio WILMINGTON, DE 190,454190.5k $3.8m $3.8m 0.16% Added +90.7k +90,710
21 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 184,919184.9k $3.7m $3.7m 0.03% Added +6.1k +6,084
22 Visionary Wealth Advisors 0.29% of their portfolio O'FALLON, IL 184,182184.2k $3.6m $3.6m 0.29% New
23 CONDOR CAPITAL MANAGEMENT 0.40% of their portfolio MARTINSVILLE, NJ 169,400169.4k $3.3m $3.3m 0.40% Added +13.2k +13,228
24 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 139,494139.5k $2.8m $2.8m 0.00% Added +6.9k +6,902
25 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 137,675137.7k $2.7m $2.7m 0.01% First filing
26 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 127,785127.8k $2.5m $2.5m 0.03% Added +580 +580
27 Heck Capital Advisors, LLC 0.40% of their portfolio Rhinelander, WI 116,895116.9k $2.3m $2.3m 0.40% Reduced -2.5k -2,505
28 STEPHENS INC /AR/ 0.04% of their portfolio LITTLE ROCK, AR 107,738107.7k $2.1m $2.1m 0.04% New
29 Advisory Resource Group 0.56% of their portfolio Tulsa, OK 104,818104.8k $2.1m $2.1m 0.56% Reduced -3.6k -3,583
30 Principle Wealth Partners LLC 0.20% of their portfolio MADISON, CT 101,909101.9k $2.0m $2.0m 0.20% Reduced -1.2k -1,168
31 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 93,00793.0k $1.8m $1.8m 0.01% Reduced -75.0k -74,964
32 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 92,71992.7k $1.8m $1.8m 0.00% Added +6.3k +6,271
33 Vishria Bird Financial Group, LLC 1.07% of their portfolio MEMPHIS, TN 91,38891.4k $1.8m $1.8m 1.07% Reduced -1.9k -1,867
34 Insight Inv LLC 1.80% of their portfolio EL SEGUNDO, CA 88,83088.8k $1.8m $1.8m 1.80% Added +9.5k +9,500
35 Per Stirling Capital Management, LLC. 0.34% of their portfolio AUSTIN, TX 85,82385.8k $1.7m $1.7m 0.34% Reduced -96.6k -96,586
36 Mutual Advisors, LLC 0.06% of their portfolio OMAHA, NE 85,04485.0k $1.7m $1.7m 0.06% Added +354 +354
37 StoneX Group Inc. 0.17% of their portfolio NEW YORK, NY 81,92281.9k $1.6m $1.6m 0.17% Added +1.4k +1,399
38 SWMG, LLC 0.83% of their portfolio FORT WORTH, TX 80,27680.3k $1.6m $1.6m 0.83% Unchanged
39 LWS Wealth Advisors, Inc. 0.62% of their portfolio BASKING RIDGE, NJ 74,34274.3k $1.5m $1.5m 0.62% Reduced -509.4k -509,441
40 FSB PREMIER WEALTH MANAGEMENT, INC. 0.73% of their portfolio WATERLOO, IA 67,86567.9k $1.3m $1.3m 0.73% Reduced -1.4k -1,419
41 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 67,28267.3k $1.3m $1.3m 0.00% Added +255 +255
42 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 66,57266.6k $1.3m $1.3m 0.01% Added +2.8k +2,844
43 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 65,27665.3k $1.3m $1.3m 0.01% Reduced -150 -150
44 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 65,26665.3k $1.3m $1.3m 0.01% Added +13.0k +12,989
45 Eldridge Investment Advisors, Inc. 0.40% of their portfolio MANCHESTER, NH 62,72162.7k $1.2m $1.2m 0.40% Reduced -6.1k -6,114
46 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 61,08461.1k $1.2m $1.2m 0.02% Added +1.6k +1,589
47 INSPIRION WEALTH ADVISORS, LLC 0.21% of their portfolio LIBERTYVILLE, IL 56,75556.8k $1.1m $1.1m 0.21% Unchanged
48 Econ Financial Services Corp 0.72% of their portfolio HARRISBURG, PA 51,91951.9k $1.0m $1.0m 0.72% Added +361 +361
49 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 51,68251.7k $1.0m $1.0m 0.02% Unchanged
50 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 51,48751.5k $1.0m $1.0m 0.00% Added +42.9k +42,932
51 Snowden Capital Advisors LLC 0.03% of their portfolio New York, NY 42,39742.4k $836.9k $836.9k 0.03% Reduced -4.6k -4,554
52 Prime Capital Investment Advisors, LLC 0.02% of their portfolio OVERLAND PARK, KS 40,59840.6k $801.4k $801.4k 0.02% New
53 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 39,98940.0k $789.0k $789.0k 0.00% Reduced -8.0k -7,980
54 Alta Wealth Advisors LLC 0.46% of their portfolio Woburn, MA 39,85439.9k $786.7k $786.7k 0.46% Reduced -1.8k -1,762
55 KESTRA PRIVATE WEALTH SERVICES, LLC 0.03% of their portfolio AUSTIN, TX 39,05639.1k $771.0k $771.0k 0.03% Added +2.7k +2,737
56 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 38,59538.6k $762.0k $762.0k 0.03% New
57 Occidental Asset Management, LLC 0.17% of their portfolio Burlingame, CA 37,58237.6k $741.9k $741.9k 0.17% Added +18.5k +18,490
58 ONE PLUS ONE WEALTH MANAGEMENT, LLC 0.47% of their portfolio JUPITER, FL 37,08637.1k $732.1k $732.1k 0.47% Added +18.0k +17,991
59 Financial Advocates Investment Management 0.05% of their portfolio OLYMPIA, WA 36,46836.5k $719.9k $719.9k 0.05% Added +6.7k +6,667
60 ARBOR CAPITAL MANAGEMENT INC /ADV 0.55% of their portfolio ANCHORAGE, AK 35,95836.0k $710.4k $710.4k 0.55% Added +1.4k +1,401
61 DHJJ Financial Advisors, Ltd. 0.36% of their portfolio NAPERVILLE, IL 34,71434.7k $685.3k $685.3k 0.36% Added +1.0k +1,035
62 Ashton Thomas Private Wealth, LLC 0.05% of their portfolio SCOTTSDALE, AZ 33,91233.9k $669.4k $669.4k 0.05% Unchanged
63 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 32,96533.0k $650.7k $650.7k 0.02% Added +1.2k +1,249
64 TRUST CO OF OKLAHOMA 0.23% of their portfolio TULSA, OK 31,58431.6k $623.5k $623.5k 0.23% Unchanged
65 SUTTON PLACE INVESTORS LLC 0.85% of their portfolio ARMONK, NY 31,10031.1k $613.9k $613.9k 0.85% Unchanged
66 Naviter Wealth, LLC 0.16% of their portfolio LITTLE ROCK, AR 31,02731.0k $612.5k $612.5k 0.16% New
67 INDEPENDENT FINANCIAL GROUP, LLC 0.04% of their portfolio SAN DIEGO, CA 30,97431.0k $611.4k $611.4k 0.04% Added +889 +889
68 Security Financial Services, INC. 0.17% of their portfolio Fort Wayne, IN 30,87430.9k $609.5k $609.5k 0.17% Reduced -83 -83
69 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 28,46328.5k $561.9k $561.9k 0.02% Added +9.2k +9,182
70 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 27,98128.0k $552.0k $552.0k 0.00% New
71 Walkner Condon Financial Advisors LLC 0.13% of their portfolio MADISON, WI 25,61525.6k $505.6k $505.6k 0.13% Added +11.5k +11,516
72 Csenge Advisory Group 0.03% of their portfolio CLEARWATER, FL 25,00025.0k $493.5k $493.5k 0.03% New
73 CONTINUUM WEALTH ADVISORS, LLC 0.29% of their portfolio SARATOGA SPRINGS, NY 20,72520.7k $409.1k $409.1k 0.29% Added +3.8k +3,784
74 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 20,59420.6k $406.5k $406.5k 0.00% Added +17.7k +17,686
75 RAYMOND JAMES TRUST N.A. 0.01% of their portfolio ST. PETERSBURG, FL 17,18617.2k $339.0k $339.0k 0.01% Added +2.1k +2,086
76 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 16,98817.0k $335.3k $335.3k 0.00% New
77 U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio AUSTIN, TX 16,90416.9k $333.7k $333.7k 0.02% New
78 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 16,84316.8k $332.5k $332.5k 0.02% Added +1.1k +1,068
79 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 16,26616.3k $321.1k $321.1k 0.01% Reduced -1.2k -1,192
80 Clearwater Capital Advisors, LLC 0.04% of their portfolio HOFFMAN ESTATES, IL 16,20016.2k $319.8k $319.8k 0.04% Unchanged
81 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 16,02216.0k $317.0k $317.0k 0.00% New
82 TWO SIGMA SECURITIES, LLC 0.02% of their portfolio NEW YORK, NY 14,44314.4k $285.1k $285.1k 0.02% New
83 Meridian Wealth Partners, LLC 0.06% of their portfolio EXTON, PA 14,27414.3k $281.8k $281.8k 0.06% Unchanged
84 Pine Valley Investments Ltd Liability Co 0.03% of their portfolio MARLTON, NJ 13,98914.0k $276.1k $276.1k 0.03% Added +6 +6
85 Grant/GrossMendelsohn, LLC 0.10% of their portfolio Baltimore, MD 12,62512.6k $249.1k $249.1k 0.10% Reduced -110 -110
86 CHILTON CAPITAL MANAGEMENT LLC 0.01% of their portfolio HOUSTON, TX 12,45312.5k $245.8k $245.8k 0.01% Unchanged
87 SILVER OAK SECURITIES, INCORPORATED 0.04% of their portfolio JACKSON, TN 12,43012.4k $245.0k $245.0k 0.04% Unchanged
88 Lunt Capital Management, Inc. 0.13% of their portfolio HOLLADAY, UT 12,43012.4k $245.4k $245.4k 0.13% First filing
89 Strategic Blueprint, LLC 0.02% of their portfolio ATLANTA, GA 11,95912.0k $236.1k $236.1k 0.02% Reduced -551 -551
90 Keystone Wealth Services, LLC 0.08% of their portfolio PALM DESERT, CA 11,50011.5k $227.0k $227.0k 0.08% Unchanged
91 Objective Capital Management, LLC 0.19% of their portfolio Fairlawn, OH 11,03011.0k $217.7k $217.7k 0.19% Added +12 +12
92 Capital Market Strategies LLC 0.20% of their portfolio PALM BEACH GARDENS, FL 10,71110.7k $211.4k $211.4k 0.20% Added +4 +4
93 Main Line Retirement Advisors, LLC 0.19% of their portfolio WHITEFISH, MT 10,29110.3k $203.1k $203.1k 0.19% First filing
94 LVZ, Inc. 0.03% of their portfolio Holland, MI 10,06810.1k $198.7k $198.7k 0.03% Unchanged
95 Capital Analysts, LLC 0.01% of their portfolio FORT WASHINGTON, PA 7,1347.1k $141.0k $141.0k 0.01% Added +1 +1
96 PFS Partners, LLC 0.11% of their portfolio MINE HILL, NJ 6,5346.5k $129.0k $129.0k 0.11% Reduced -2.3k -2,311
97 BENJAMIN F. EDWARDS & COMPANY, INC. 0.00% of their portfolio ST. LOUIS, MO 6,0986.1k $120.0k $120.0k 0.00% Reduced -496 -496
98 Coppell Advisory Solutions LLC 0.03% of their portfolio COPPELL, TX 5,3885.4k $106.5k $106.5k 0.03% New
99 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 5,0345.0k $99.4k $99.4k 0.01% Added +10 +10
100 Glen Eagle Advisors, LLC 0.02% of their portfolio KINGSTON, NJ 3,4903.5k $68.9k $68.9k 0.02% Unchanged