Vault-13

FIRST TR EXCH TRADED FD III FSMB

SHRT DUR MNG MUN · ETP · CUSIP 33739P830

129 institutional holders -2 vs Q2 2025
19,857,76319.9m shares reported held*
$374.8mreported value*
12 new 56 added 33 reduced 12 sold out net sold ≈ $23.5m (+19.4k 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.88.

Trends to Q3 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: 131Q3 25: 129129Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025129

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 53 bought or addedQ4 23: 55 cut or sold outQ1 24: 59 bought or addedQ1 24: 51 cut or sold outQ1 24Q2 24: 49 bought or addedQ2 24: 57 cut or sold outQ3 24: 55 bought or addedQ3 24: 47 cut or sold outQ3 24Q4 24: 64 bought or addedQ4 24: 48 cut or sold outQ1 25: 62 bought or addedQ1 25: 59 cut or sold outQ1 25Q2 25: 61 bought or addedQ2 25: 50 cut or sold outQ3 25: 68 bought or addedQ3 25: 45 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20235355
Q1 20245951
Q2 20244957
Q3 20245547
Q4 20246448
Q1 20256259
Q2 20256150
Q3 20256845

Biggest buyers

Corient Private Wealth LP New +1,189,923+1.2m
MORGAN STANLEY Added +242,318+242.3k
JPMORGAN CHASE & CO Added +240,238+240.2k
WELLS FARGO & COMPANY/MN Added +135,276+135.3k
Gateway Wealth Partners, LLC New +104,569+104.6k
LPL Financial LLC Added +98,071+98.1k
Sanctuary Advisors, LLC Added +86,169+86.2k
RMR Wealth Builders Added +81,683+81.7k
ELEVATION POINT WEALTH PARTNERS, LLC New +71,546+71.5k
Vestmark Advisory Solutions, Inc. New +71,546+71.5k

Biggest sellers

RAYMOND JAMES FINANCIAL INC Reduced -1,323,671-1.3m
ROYAL BANK OF CANADA Reduced -503,852-503.9k
Rockefeller Capital Management L.P. Reduced -414,380-414.4k
Vishria Bird Financial Group, LLC Sold out -89,701-89.7k
UBS Group AG Reduced -80,387-80.4k
Visionary Wealth Advisors Reduced -75,500-75.5k
Financial Advocates Investment Management Sold out -59,265-59.3k
JANE STREET GROUP, LLC Sold out -38,812-38.8k
TRUIST FINANCIAL CORP Reduced -29,891-29.9k
Simplicity Wealth,LLC Sold out -28,402-28.4k

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

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,396,1204.4m $88.3m $88.3m 0.01% Added +242.3k +242,318
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,439,6871.4m $28.9m $28.9m 0.01% Added +98.1k +98,071
3 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 1,189,9231.2m $23.9k $23.9k 0.00% New
4 RMR Wealth Builders 1.59% of their portfolio Montclair, NJ 943,851943.9k $19.0m $19.0m 1.59% Added +81.7k +81,683
5 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 833,803833.8k $16.7m $16.7m 0.02% Reduced -405 -405
6 PFS Partners, LLC 6.70% of their portfolio MINE HILL, NJ 701,962702.0k $14.1m $14.1m 6.70% Reduced -16.8k -16,801
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 680,193680.2k $13.7m $13.7m 0.00% Reduced -80.4k -80,387
8 TruWealth Advisors, LLC 0.65% of their portfolio Metairie, LA 641,990642.0k $12.9m $12.9m 0.65% Added +19.2k +19,201
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 486,212486.2k $9.8m $9.8m 0.00% Added +240.2k +240,238
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 452,380452.4k $9.1m $9.1m 0.00% Reduced -503.9k -503,852
11 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 441,644441.6k $8.9m $8.9m 0.04% Added +23.9k +23,864
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 428,297428.3k $8.6m $8.6m 0.00% Reduced -1.3m -1,323,671
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 424,199424.2k $8.5m $8.5m 0.00% Added +135.3k +135,276
14 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 418,010418.0k $8.4m $8.4m 0.02% Reduced -414.4k -414,380
15 EnRich Financial Partners LLC 2.19% of their portfolio MADISON, WI 383,680383.7k $7.7m $7.7m 2.19% Added +1.8k +1,818
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 335,730335.7k $6.7m $6.7m 0.00% Reduced -4.8k -4,805
17 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 304,014304.0k $6.1m $6.1m 0.01% Added +46.4k +46,375
18 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 253,546253.5k $5.1m $5.1m 0.02% Reduced -2.9k -2,903
19 Nilsine Partners, LLC 0.45% of their portfolio GREENWOOD VILLAGE, CO 246,573246.6k $5.0m $5.0m 0.45% Added +20.2k +20,233
20 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 236,103236.1k $4.7m $4.7m 0.00% Added +36.7k +36,731
21 CONDOR CAPITAL MANAGEMENT 0.39% of their portfolio MARTINSVILLE, NJ 233,955234.0k $4.7m $4.7m 0.39% Added +1.4k +1,375
22 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 206,195206.2k $4.1m $4.1m 0.00% Added +15.3k +15,271
23 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 204,301204.3k $4.1m $4.1m 0.01% Added +86.2k +86,169
24 Per Stirling Capital Management, LLC. 0.41% of their portfolio AUSTIN, TX 172,129172.1k $3.5m $3.5m 0.41% Reduced -12.6k -12,554
25 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 151,733151.7k $3.0m $3.0m 0.01% Added +4.7k +4,697
26 Francis Financial, Inc. 0.53% of their portfolio NEW YORK, NY 147,855147.9k $3.0m $3.0m 0.53% Added +14.1k +14,058
27 Advisory Resource Group 0.46% of their portfolio Tulsa, OK 127,534127.5k $2.6m $2.6m 0.46% Added +2.6k +2,605
28 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 122,971123.0k $2.5m $2.5m 0.02% Reduced -10.1k -10,091
29 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 122,891122.9k $2.5m $2.5m 0.00% Added +35.8k +35,846
30 Sowell Financial Services LLC 0.09% of their portfolio NORTH LITTLE ROCK, AR 117,734117.7k $2.4m $2.4m 0.09% Added +514 +514
31 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 116,454116.5k $2.3m $2.3m 0.03% Unchanged
32 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 114,873114.9k $2.3m $2.3m 0.01% Reduced -4.0k -4,016
33 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 105,451105.5k $2.1m $2.1m 0.01% Added +16.0k +15,985
34 IFP Advisors, Inc 0.05% of their portfolio TAMPA, FL 105,361105.4k $2.1m $2.1m 0.05% Added +3.2k +3,153
35 Gateway Wealth Partners, LLC 0.28% of their portfolio APPLETON, WI 104,569104.6k $2.1m $2.1m 0.28% New
36 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 92,73492.7k $1.9m $1.9m 0.01% Reduced -4.3k -4,334
37 COMERICA BANK 0.01% of their portfolio DALLAS, TX 91,68691.7k $1.8m $1.8m 0.01% Added +5.7k +5,655
38 Insight Inv LLC 1.02% of their portfolio EL SEGUNDO, CA 86,73586.7k $1.7m $1.7m 1.02% Added +6.4k +6,425
39 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 78,36278.4k $1.6m $1.6m 0.01% Added +20.2k +20,205
40 Dynamic Advisor Solutions LLC 0.04% of their portfolio PHOENIX, AZ 77,13877.1k $1.5m $1.5m 0.04% Added +25.7k +25,732
41 StoneX Group Inc. 0.07% of their portfolio NEW YORK, NY 77,10777.1k $1.5m $1.5m 0.07% Added +1.6k +1,603
42 Vestmark Advisory Solutions, Inc. 0.03% of their portfolio Wakefield, MA 71,54671.5k $1.4m $1.4m 0.03% New
43 ELEVATION POINT WEALTH PARTNERS, LLC 0.10% of their portfolio DENVER, CO 71,54671.5k $1.4m $1.4m 0.10% New
44 Mutual Advisors, LLC 0.03% of their portfolio OMAHA, NE 69,98970.0k $1.4m $1.4m 0.03% Reduced -4.4k -4,410
45 Visionary Wealth Advisors 0.06% of their portfolio O'FALLON, IL 68,25768.3k $1.4m $1.4m 0.06% Reduced -75.5k -75,500
46 GENESIS PRIVATE WEALTH, LLC 0.55% of their portfolio ASHBURN, VA 65,65565.7k $1.3m $1.3m 0.55% Added +6.2k +6,209
47 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 58,11358.1k $1.2m $1.2m 0.02% Added +12.7k +12,718
48 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 57,25057.2k $1.1m $1.1m 0.02% New
49 Hobart Private Capital, LLC 0.24% of their portfolio CHARLOTTE, NC 56,66756.7k $1.1m $1.1m 0.24% Added +19.6k +19,636
50 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 55,39855.4k $1.1m $1.1m 0.00% New
51 Pine Valley Investments Ltd Liability Co 0.06% of their portfolio MARLTON, NJ 55,04255.0k $1.1m $1.1m 0.06% Unchanged
52 Elequin Capital, LP 0.09% of their portfolio NEW YORK, NY 52,58352.6k $1.1m $1.1m 0.09% Added +28.7k +28,655
53 AVAII WEALTH MANAGEMENT, LLC 0.38% of their portfolio APPLETON, WI 49,57349.6k $995.4k $995.4k 0.38% Reduced -1.2k -1,199
54 FSB PREMIER WEALTH MANAGEMENT, INC. 0.32% of their portfolio WATERLOO, IA 48,94248.9k $982.8k $982.8k 0.32% Reduced -1.2k -1,162
55 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 45,85745.9k $920.8k $920.8k 0.00% Reduced -29.9k -29,891
56 Occidental Asset Management, LLC 0.11% of their portfolio Burlingame, CA 45,53645.5k $914.4k $914.4k 0.11% Unchanged
57 JAMES INVESTMENT RESEARCH, INC. 0.10% of their portfolio ALPHA, OH 43,58643.6k $875.2k $875.2k 0.10% Unchanged
58 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 40,28540.3k $808.9k $808.9k 0.01% Added +948 +948
59 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 40,20040.2k $807.2k $807.2k 0.00% Added +301 +301
60 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 39,91139.9k $801.4k $801.4k 0.01% Reduced -588 -588
61 INSPIRION WEALTH ADVISORS, LLC 0.11% of their portfolio LIBERTYVILLE, IL 39,63039.6k $793.0k $793.0k 0.11% Added +5.3k +5,335
62 Security Financial Services, INC. 0.13% of their portfolio Fort Wayne, IN 38,74238.7k $777.9k $777.9k 0.13% Added +2.6k +2,564
63 ARBOR CAPITAL MANAGEMENT INC /ADV 0.60% of their portfolio ANCHORAGE, AK 37,18237.2k $746.6k $746.6k 0.60% Added +746 +746
64 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 36,63736.6k $735.7k $735.7k 0.00% Unchanged
65 Crossmark Global Holdings, Inc. 0.01% of their portfolio HOUSTON, TX 35,64935.6k $715.5k $715.5k 0.01% Reduced -7.0k -7,035
66 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 33,59033.6k $674.5k $674.5k 0.01% Reduced -9.5k -9,500
67 TRUST CO OF OKLAHOMA 0.20% of their portfolio TULSA, OK 33,04333.0k $663.5k $663.5k 0.20% Unchanged
68 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 32,25732.3k $647.7k $647.7k 0.00% Reduced -1.9k -1,856
69 Eldridge Investment Advisors, Inc. 0.14% of their portfolio MANCHESTER, NH 31,49131.5k $632.3k $632.3k 0.14% Unchanged
70 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 28,46328.5k $571.5k $571.5k 0.01% Added +199 +199
71 Foster Victor Wealth Advisors, LLC 0.03% of their portfolio GREENVILLE, SC 27,71727.7k $556.6k $556.6k 0.03% Reduced -526 -526
72 Norris Financial Group, LLC 0.19% of their portfolio GREENVILLE, SC 25,95726.0k $521.2k $521.2k 0.19% Unchanged
73 Core Wealth Partners LLC 0.24% of their portfolio SANTA ROSA, CA 25,63025.6k $514.6k $514.6k 0.24% Unchanged
74 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 24,41924.4k $490.3k $490.3k 0.01% Added +879 +879
75 Summit Wealth Partners, LLC 0.08% of their portfolio Orlando, FL 23,39423.4k $469.8k $469.8k 0.08% Added +510 +510
76 Modern Wealth Management, LLC 0.01% of their portfolio KANSAS CITY, MO 22,62622.6k $454.3k $454.3k 0.01% Reduced -3.9k -3,946
77 ONE PLUS ONE WEALTH MANAGEMENT, LLC 0.22% of their portfolio JUPITER, FL 22,35322.4k $448.8k $448.8k 0.22% Reduced -16.8k -16,755
78 Principle Wealth Partners LLC 0.02% of their portfolio MADISON, CT 20,39620.4k $409.5k $409.5k 0.02% Added +4.0k +4,022
79 Capital Investment Advisory Services, LLC 0.03% of their portfolio RALEIGH, NC 19,11719.1k $383.9k $383.9k 0.03% Reduced -138 -138
80 FORONJY FINANCIAL LLC 0.16% of their portfolio Los Osos, CA 18,73718.7k $376.2k $376.2k 0.16% Reduced -1.6k -1,571
81 CASTLE WEALTH MANAGEMENT LLC 0.12% of their portfolio BOYNTON BEACH, FL 18,24818.2k $366.4k $366.4k 0.12% Unchanged
82 Uniting Wealth Partners, LLC 0.08% of their portfolio DENVER, CO 17,62617.6k $353.9k $353.9k 0.08% New
83 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 16,95016.9k $340.4k $340.4k 0.00% Added +400 +400
84 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 16,74616.7k $336.3k $336.3k 0.00% Reduced -27.3k -27,295
85 Keystone Wealth Services, LLC 0.07% of their portfolio PALM DESERT, CA 16,50016.5k $331.3k $331.3k 0.07% Unchanged
86 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 15,31315.3k $307.5k $307.5k 0.01% Added +3.0k +2,976
87 Ashton Thomas Private Wealth, LLC 0.01% of their portfolio SCOTTSDALE, AZ 15,31215.3k $307.5k $307.5k 0.01% Unchanged
88 Clearwater Capital Advisors, LLC 0.03% of their portfolio HOFFMAN ESTATES, IL 15,00015.0k $301.2k $301.2k 0.03% Unchanged
89 Rooted Wealth Advisors, Inc. 0.09% of their portfolio BOURBONNAIS, IL 14,70514.7k $295.3k $295.3k 0.09% Added +5 +5
90 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 14,43714.4k $289.9k $289.9k 0.00% Added +2.7k +2,748
91 Hedeker Wealth, LLC 0.06% of their portfolio Lincolnshire, IL 13,25813.3k $266.2k $266.2k 0.06% Added +2.1k +2,112
92 NOVEM GROUP 0.03% of their portfolio Rochester, NY 13,00013.0k $261.0k $261.0k 0.03% Unchanged
93 Golden State Wealth Management, LLC 0.03% of their portfolio SANTA ANA, CA 12,56612.6k $252.3k $252.3k 0.03% Added +9 +9
94 CHILTON CAPITAL MANAGEMENT LLC 0.01% of their portfolio HOUSTON, TX 12,45312.5k $250.1k $250.1k 0.01% Unchanged
95 Certified Advisory Corp 0.02% of their portfolio ALTAMONTE SPRINGS, FL 12,40012.4k $249.0k $249.0k 0.02% New
96 INTEGRITY WEALTH ADVISORS, INC. 0.09% of their portfolio Ventura, CA 12,37512.4k $248.5k $248.5k 0.09% Added +1.5k +1,471
97 NAPLES GLOBAL ADVISORS, LLC 0.02% of their portfolio NAPLES, FL 12,00012.0k $241.0k $241.0k 0.02% Unchanged
98 Hilltop Holdings Inc. 0.01% of their portfolio DALLAS, TX 11,32811.3k $227.5k $227.5k 0.01% Reduced -14 -14
99 Capital Analysts, LLC 0.01% of their portfolio FORT WASHINGTON, PA 10,93510.9k $220.0k $220.0k 0.01% Unchanged
100 BlackDiamond Wealth Management, LLC 0.12% of their portfolio NEW YORK, NY 10,91910.9k $219.3k $219.3k 0.12% Added +284 +284