Vault-13

FIRST TR EXCH TRADED FD III FSMB

SHRT DUR MNG MUN · ETP · CUSIP 33739P830

131 institutional holders -1 vs Q1 2025
19,923,50419.9m shares reported held*
$396.6mreported value*
11 new 50 added 37 reduced 13 sold out net bought ≈ $36.8m (+1.9m 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 ≈ $19.91. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 100Q4 22: 109Q1 23: 108Q2 23: 112Q3 23: 115Q4 23: 124Q1 24: 119Q2 24: 121Q3 24: 122Q4 24: 133Q1 25: 132Q2 25: 131131Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022100
Q4 2022109
Q1 2023108
Q2 2023112
Q3 2023115
Q4 2023124
Q1 2024119
Q2 2024121
Q3 2024122
Q4 2024133
Q1 2025132
Q2 2025131

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 45 bought or addedQ3 23: 63 cut or sold outQ4 23: 53 bought or addedQ4 23: 55 cut or sold outQ4 23Q1 24: 59 bought or addedQ1 24: 51 cut or sold outQ2 24: 49 bought or addedQ2 24: 57 cut or sold outQ2 24Q3 24: 55 bought or addedQ3 24: 47 cut or sold outQ4 24: 64 bought or addedQ4 24: 48 cut or sold outQ4 24Q1 25: 62 bought or addedQ1 25: 59 cut or sold outQ2 25: 61 bought or addedQ2 25: 50 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234563
Q4 20235355
Q1 20245951
Q2 20244957
Q3 20245547
Q4 20246448
Q1 20256259
Q2 20256150

Biggest buyers

MORGAN STANLEY Added +563,704+563.7k
ROYAL BANK OF CANADA Added +531,236+531.2k
Rockefeller Capital Management L.P. Added +403,666+403.7k
LPL Financial LLC Added +105,547+105.5k
OSAIC HOLDINGS, INC. Added +99,949+99.9k
JPMORGAN CHASE & CO Added +78,417+78.4k
Allworth Financial LP Added +77,518+77.5k
WELLS FARGO & COMPANY/MN Added +64,823+64.8k
Cambridge Investment Research Advisors, Inc. Added +62,051+62.1k
RAYMOND JAMES FINANCIAL INC Added +53,489+53.5k

Biggest sellers

PEAPACK GLADSTONE FINANCIAL CORP Sold out -180,554-180.6k
MML INVESTORS SERVICES, LLC Reduced -75,693-75.7k
Kestra Advisory Services, LLC Reduced -67,254-67.3k
ENVESTNET ASSET MANAGEMENT INC Reduced -65,145-65.1k
Hedeker Wealth, LLC Reduced -43,648-43.6k
PFS Partners, LLC Reduced -33,820-33.8k
Hobart Private Capital, LLC Reduced -29,812-29.8k
JANE STREET GROUP, LLC Reduced -24,199-24.2k
GSG Advisors LLC Sold out -20,081-20.1k
Naviter Wealth, LLC Sold out -17,626-17.6k

Biggest calls

None

Biggest puts

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.

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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,153,8024.2m $82.7m $82.7m 0.01% Added +563.7k +563,704
2 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,751,9681.8m $34.9m $34.9m 0.01% Added +53.5k +53,489
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,341,6161.3m $26.7m $26.7m 0.01% Added +105.5k +105,547
4 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 956,232956.2k $19.0m $19.0m 0.00% Added +531.2k +531,236
5 RMR Wealth Builders 1.56% of their portfolio Montclair, NJ 862,168862.2k $17.2m $17.2m 1.56% Added +49.2k +49,158
6 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 834,208834.2k $16.6m $16.6m 0.02% Added +11.8k +11,765
7 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 832,390832.4k $16.6m $16.6m 0.02% Added +403.7k +403,666
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 760,580760.6k $15.1m $15.1m 0.00% Added +52.7k +52,720
9 PFS Partners, LLC 7.21% of their portfolio MINE HILL, NJ 718,763718.8k $14.3m $14.3m 7.21% Reduced -33.8k -33,820
10 TruWealth Advisors, LLC 0.68% of their portfolio Metairie, LA 622,789622.8k $12.4m $12.4m 0.68% Added +31.7k +31,661
11 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 417,780417.8k $8.3m $8.3m 0.04% Added +47.5k +47,538
12 EnRich Financial Partners LLC 2.33% of their portfolio MADISON, WI 381,862381.9k $7.6m $7.6m 2.33% Added +7.5k +7,477
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 340,535340.5k $6.8m $6.8m 0.00% Reduced -65.1k -65,145
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 288,923288.9k $5.8m $5.8m 0.00% Added +64.8k +64,823
15 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 257,639257.6k $5.1m $5.1m 0.01% Added +99.9k +99,949
16 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 256,449256.4k $5.1m $5.1m 0.02% Added +77.5k +77,518
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 245,974246.0k $4.9m $4.9m 0.00% Added +78.4k +78,417
18 CONDOR CAPITAL MANAGEMENT 0.40% of their portfolio MARTINSVILLE, NJ 232,580232.6k $4.6m $4.6m 0.40% Reduced -247 -247
19 Nilsine Partners, LLC 0.46% of their portfolio GREENWOOD VILLAGE, CO 226,340226.3k $4.5m $4.5m 0.46% Added +5.6k +5,567
20 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 199,372199.4k $4.0m $4.0m 0.00% Reduced -9.5k -9,500
21 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 190,924190.9k $3.8m $3.8m 0.01% Added +31.7k +31,698
22 Per Stirling Capital Management, LLC. 0.48% of their portfolio AUSTIN, TX 184,683184.7k $3.7m $3.7m 0.48% Added +14.7k +14,670
23 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 147,036147.0k $2.9m $2.9m 0.01% Reduced -75.7k -75,693
24 Visionary Wealth Advisors 0.15% of their portfolio O'FALLON, IL 143,757143.8k $2.9m $2.9m 0.15% Reduced -6.0k -6,009
25 Francis Financial, Inc. 0.62% of their portfolio NEW YORK, NY 133,797133.8k $2.7m $2.7m 0.62% Reduced -2.0k -2,013
26 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 133,062133.1k $2.6m $2.6m 0.02% Added +258 +258
27 Advisory Resource Group 0.48% of their portfolio Tulsa, OK 124,929124.9k $2.5m $2.5m 0.48% Added +5.2k +5,189
28 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 118,889118.9k $2.4m $2.4m 0.01% Added +604 +604
29 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 118,132118.1k $2.4m $2.4m 0.01% Added +32.0k +31,963
30 Sowell Financial Services LLC 0.10% of their portfolio NORTH LITTLE ROCK, AR 117,220117.2k $2.3m $2.3m 0.10% Added +447 +447
31 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 116,454116.5k $2.3m $2.3m 0.03% Unchanged
32 IFP Advisors, Inc 0.06% of their portfolio TAMPA, FL 102,208102.2k $2.0m $2.0m 0.06% Added +6.3k +6,299
33 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 97,06897.1k $1.9m $1.9m 0.01% Reduced -67.3k -67,254
34 Vishria Bird Financial Group, LLC 0.59% of their portfolio MEMPHIS, TN 89,70189.7k $1.8m $1.8m 0.59% Reduced -620 -620
35 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 89,46689.5k $1.8m $1.8m 0.01% Added +62.1k +62,051
36 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 87,04587.0k $1.7m $1.7m 0.00% Reduced -3.3k -3,271
37 COMERICA BANK 0.01% of their portfolio DALLAS, TX 86,03186.0k $1.7m $1.7m 0.01% Added +740 +740
38 Insight Inv LLC 1.07% of their portfolio EL SEGUNDO, CA 80,31080.3k $1.6m $1.6m 1.07% Reduced -12.2k -12,250
39 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 75,74875.7k $1.5m $1.5m 0.00% Reduced -8.5k -8,501
40 StoneX Group Inc. 0.07% of their portfolio NEW YORK, NY 75,50475.5k $1.5m $1.5m 0.07% Added +13.3k +13,349
41 Mutual Advisors, LLC 0.04% of their portfolio OMAHA, NE 74,39974.4k $1.5m $1.5m 0.04% Added +172 +172
42 GENESIS PRIVATE WEALTH, LLC 0.56% of their portfolio ASHBURN, VA 59,44659.4k $1.2m $1.2m 0.56% Added +3.2k +3,205
43 Financial Advocates Investment Management 0.10% of their portfolio OLYMPIA, WA 59,26559.3k $1.2m $1.2m 0.10% Reduced -701 -701
44 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 58,15758.2k $1.2m $1.2m 0.01% Added +15.6k +15,581
45 Pine Valley Investments Ltd Liability Co 0.06% of their portfolio MARLTON, NJ 55,04255.0k $1.1m $1.1m 0.06% Unchanged
46 Dynamic Advisor Solutions LLC 0.03% of their portfolio PHOENIX, AZ 51,40651.4k $1.0m $1.0m 0.03% Added +3.6k +3,578
47 AVAII WEALTH MANAGEMENT, LLC 0.45% of their portfolio APPLETON, WI 50,77250.8k $1.0m $1.0m 0.45% Added +9.0k +9,037
48 FSB PREMIER WEALTH MANAGEMENT, INC. 0.36% of their portfolio WATERLOO, IA 50,10450.1k $997.3k $997.3k 0.36% Reduced -4.1k -4,111
49 Occidental Asset Management, LLC 0.13% of their portfolio Burlingame, CA 45,53645.5k $906.4k $906.4k 0.13% Reduced -1.0k -1,000
50 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 45,39545.4k $903.6k $903.6k 0.02% Added +3.5k +3,519
51 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 44,04144.0k $876.6k $876.6k 0.00% New
52 JAMES INVESTMENT RESEARCH, INC. 0.10% of their portfolio ALPHA, OH 43,58643.6k $867.6k $867.6k 0.10% Unchanged
53 Concurrent Investment Advisors, LLC 0.02% of their portfolio Tampa, FL 43,09043.1k $857.7k $857.7k 0.02% Unchanged
54 Crossmark Global Holdings, Inc. 0.01% of their portfolio HOUSTON, TX 42,68442.7k $849.0k $849.0k 0.01% Unchanged
55 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 40,49940.5k $806.1k $806.1k 0.02% Added +837 +837
56 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 39,89939.9k $794.2k $794.2k 0.00% Added +9.9k +9,897
57 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 39,33739.3k $783.0k $783.0k 0.01% New
58 ONE PLUS ONE WEALTH MANAGEMENT, LLC 0.42% of their portfolio JUPITER, FL 39,10839.1k $778.4k $778.4k 0.42% Added +5.0k +5,023
59 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 38,81238.8k $772.6k $772.6k 0.00% Reduced -24.2k -24,199
60 Hobart Private Capital, LLC 0.17% of their portfolio CHARLOTTE, NC 37,03137.0k $737.1k $737.1k 0.17% Reduced -29.8k -29,812
61 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 36,63736.6k $729.3k $729.3k 0.01% Unchanged
62 ARBOR CAPITAL MANAGEMENT INC /ADV 0.63% of their portfolio ANCHORAGE, AK 36,43636.4k $726.1k $726.1k 0.63% Reduced -353 -353
63 Security Financial Services, INC. 0.13% of their portfolio Fort Wayne, IN 36,17836.2k $720.1k $720.1k 0.13% Added +3.7k +3,706
64 INSPIRION WEALTH ADVISORS, LLC 0.09% of their portfolio LIBERTYVILLE, IL 34,29534.3k $682.6k $682.6k 0.09% Reduced -1.2k -1,200
65 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 34,11334.1k $679.9k $679.9k 0.00% Reduced -3.7k -3,713
66 TRUST CO OF OKLAHOMA 0.21% of their portfolio TULSA, OK 33,04333.0k $657.7k $657.7k 0.21% Unchanged
67 Eldridge Investment Advisors, Inc. 0.13% of their portfolio MANCHESTER, NH 31,49131.5k $626.8k $626.8k 0.13% Unchanged
68 Simplicity Wealth,LLC 0.02% of their portfolio SUMMIT, NJ 28,40228.4k $565.3k $565.3k 0.02% Added +14.2k +14,201
69 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 28,26428.3k $562.6k $562.6k 0.01% Added +591 +591
70 Foster Victor Wealth Advisors, LLC 0.04% of their portfolio GREENVILLE, SC 28,24328.2k $563.3k $563.3k 0.04% Added +151 +151
71 Modern Wealth Management, LLC 0.01% of their portfolio KANSAS CITY, MO 26,57226.6k $528.9k $528.9k 0.01% Reduced -4.9k -4,896
72 Norris Financial Group, LLC 0.21% of their portfolio GREENVILLE, SC 25,95726.0k $516.7k $516.7k 0.21% Added +1.5k +1,487
73 Core Wealth Partners LLC 0.26% of their portfolio SANTA ROSA, CA 25,63025.6k $510.2k $510.2k 0.26% Reduced -11.4k -11,415
74 Bison Wealth, LLC 0.04% of their portfolio ATLANTA, GA 24,55024.6k $488.7k $488.7k 0.04% Unchanged
75 Elequin Capital, LP 0.07% of their portfolio NEW YORK, NY 23,92823.9k $476.3k $476.3k 0.07% New
76 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 23,54023.5k $468.6k $468.6k 0.01% Reduced -124 -124
77 Summit Wealth Partners, LLC 0.09% of their portfolio Orlando, FL 22,88422.9k $455.5k $455.5k 0.09% Unchanged
78 FORONJY FINANCIAL LLC 0.19% of their portfolio Los Osos, CA 20,30820.3k $404.2k $404.2k 0.19% First filing
79 Capital Investment Advisory Services, LLC 0.03% of their portfolio RALEIGH, NC 19,25519.3k $383.3k $383.3k 0.03% Added +2.0k +2,011
80 CASTLE WEALTH MANAGEMENT LLC 0.13% of their portfolio BOYNTON BEACH, FL 18,24818.2k $363.2k $363.2k 0.13% Added +6.5k +6,500
81 TCFG WEALTH MANAGEMENT, LLC 0.16% of their portfolio LAGUNA NIGUEL, CA 17,89517.9k $356.2k $356.2k 0.16% Reduced -72 -72
82 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 16,55016.6k $329.4k $329.4k 0.00% Added +4.6k +4,640
83 Keystone Wealth Services, LLC 0.08% of their portfolio PALM DESERT, CA 16,50016.5k $328.4k $328.4k 0.08% Added +5.0k +5,000
84 Principle Wealth Partners LLC 0.02% of their portfolio MADISON, CT 16,37416.4k $325.9k $325.9k 0.02% Added +19 +19
85 Ashton Thomas Private Wealth, LLC 0.01% of their portfolio SCOTTSDALE, AZ 15,31215.3k $304.8k $304.8k 0.01% Unchanged
86 Clearwater Capital Advisors, LLC 0.03% of their portfolio HOFFMAN ESTATES, IL 15,00015.0k $298.6k $298.6k 0.03% Unchanged
87 Rooted Wealth Advisors, Inc. 0.10% of their portfolio BOURBONNAIS, IL 14,70014.7k $293.0k $293.0k 0.10% Added +45 +45
88 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 13,64113.6k $271.5k $271.5k 0.00% Reduced -3.6k -3,594
89 Alpha Cubed Investments, LLC 0.01% of their portfolio COSTA MESA, CA 13,58013.6k $270.3k $270.3k 0.01% Unchanged
90 NOVEM GROUP 0.03% of their portfolio Rochester, NY 13,00013.0k $258.8k $258.8k 0.03% Unchanged
91 Golden State Wealth Management, LLC 0.03% of their portfolio SANTA ANA, CA 12,55712.6k $249.9k $249.9k 0.03% Reduced -4.7k -4,685
92 CHILTON CAPITAL MANAGEMENT LLC 0.01% of their portfolio HOUSTON, TX 12,45312.5k $247.9k $247.9k 0.01% Unchanged
93 JOURNEY STRATEGIC WEALTH LLC 0.01% of their portfolio SUMMIT, NJ 12,44512.4k $247.7k $247.7k 0.01% Reduced -3.1k -3,101
94 Mariner, LLC 0.00% of their portfolio Overland Park, KS 12,38612.4k $246.6k $246.6k 0.00% Added +2.3k +2,337
95 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 12,33712.3k $245.6k $245.6k 0.01% Reduced -4.6k -4,560
96 NAPLES GLOBAL ADVISORS, LLC 0.02% of their portfolio NAPLES, FL 12,00012.0k $238.9k $238.9k 0.02% Unchanged
97 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 11,68911.7k $232.7k $232.7k 0.00% Reduced -3.3k -3,326
98 Hilltop Holdings Inc. 0.01% of their portfolio DALLAS, TX 11,34211.3k $225.8k $225.8k 0.01% New
99 Hedeker Wealth, LLC 0.05% of their portfolio Lincolnshire, IL 11,14611.1k $221.9k $221.9k 0.05% Reduced -43.6k -43,648
100 Capital Analysts, LLC 0.01% of their portfolio FORT WASHINGTON, PA 10,93510.9k $218.0k $218.0k 0.01% Unchanged