Vault-13

FIRST TR EXCH TRADED FD III FSMB

SHRT DUR MNG MUN · ETP · CUSIP 33739P830

140 institutional holders +11 vs Q3 2025
21,945,09421.9m shares reported held*
$439.9mreported value*
21 new 54 added 35 reduced 13 sold out net bought ≈ $34.4m (+1.7m 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 ≈ $20.05.

Trends to Q4 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: 129Q4 25: 140140Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025140

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 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 25Q3 25: 68 bought or addedQ3 25: 45 cut or sold outQ4 25: 75 bought or addedQ4 25: 48 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245951
Q2 20244957
Q3 20245547
Q4 20246448
Q1 20256259
Q2 20256150
Q3 20256845
Q4 20257548

Biggest buyers

Corient Private Wealth LP Added +1,260,467+1.3m
TrueWealth Financial Partners New +201,726+201.7k
MGO ONE SEVEN LLC New +88,418+88.4k
RMR Wealth Builders Added +79,371+79.4k
COMMONWEALTH EQUITY SERVICES, LLC Added +76,219+76.2k
Rockefeller Capital Management L.P. Added +59,982+60.0k
Tower Research Capital LLC (TRC) Added +53,963+54.0k
RFG Advisory, LLC Added +51,843+51.8k
ENVESTNET ASSET MANAGEMENT INC Added +51,626+51.6k
HighTower Advisors, LLC Added +46,213+46.2k

Biggest sellers

JPMORGAN CHASE & CO Reduced -272,132-272.1k
Advisory Resource Group Sold out -127,534-127.5k
Sanctuary Advisors, LLC Reduced -82,090-82.1k
Visionary Wealth Advisors Sold out -68,257-68.3k
CITADEL ADVISORS LLC Sold out -55,398-55.4k
Sowell Financial Services LLC Reduced -38,375-38.4k
Crossmark Global Holdings, Inc. Sold out -35,649-35.6k
TruWealth Advisors, LLC Reduced -22,422-22.4k
Allworth Financial LP Reduced -18,393-18.4k
Uniting Wealth Partners, LLC Sold out -17,626-17.6k

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,412,9034.4m $88.5m $88.5m 0.01% Added +16.8k +16,783
2 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 2,450,3902.5m $49.1m $49.1m 0.03% Added +1.3m +1,260,467
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,422,7531.4m $28.5m $28.5m 0.01% Reduced -16.9k -16,934
4 RMR Wealth Builders 1.64% of their portfolio Montclair, NJ 1,023,2221.0m $20.5m $20.5m 1.64% Added +79.4k +79,371
5 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 880,016880.0k $17.6m $17.6m 0.02% Added +46.2k +46,213
6 PFS Partners, LLC 6.33% of their portfolio MINE HILL, NJ 687,636687.6k $13.8m $13.8m 6.33% Reduced -14.3k -14,326
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 685,880685.9k $13.7m $13.7m 0.00% Added +5.7k +5,687
8 TruWealth Advisors, LLC 0.61% of their portfolio Metairie, LA 619,568619.6k $12.4m $12.4m 0.61% Reduced -22.4k -22,422
9 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 487,616487.6k $9.8m $9.8m 0.04% Added +46.0k +45,972
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 479,560479.6k $9.6m $9.6m 0.00% Added +27.2k +27,180
11 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 477,992478.0k $9.6m $9.6m 0.02% Added +60.0k +59,982
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 461,233461.2k $9.2m $9.2m 0.00% Added +37.0k +37,034
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 458,782458.8k $9.2m $9.2m 0.00% Added +30.5k +30,485
14 EnRich Financial Partners LLC 2.16% of their portfolio MADISON, WI 396,123396.1k $7.9m $7.9m 2.16% Added +12.4k +12,443
15 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 387,356387.4k $7.8m $7.8m 0.00% Added +51.6k +51,626
16 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 299,549299.5k $6.0m $6.0m 0.01% Reduced -4.5k -4,465
17 Nilsine Partners, LLC 0.44% of their portfolio GREENWOOD VILLAGE, CO 252,715252.7k $5.1m $5.1m 0.44% Added +6.1k +6,142
18 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 235,153235.2k $4.7m $4.7m 0.02% Reduced -18.4k -18,393
19 CONDOR CAPITAL MANAGEMENT 0.37% of their portfolio MARTINSVILLE, NJ 230,777230.8k $4.6m $4.6m 0.37% Reduced -3.2k -3,178
20 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 223,207223.2k $4.5m $4.5m 0.00% Reduced -12.9k -12,896
21 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 214,530214.5k $4.3m $4.3m 0.00% Added +8.3k +8,335
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 214,080214.1k $4.3m $4.3m 0.00% Reduced -272.1k -272,132
23 TrueWealth Financial Partners 3.34% of their portfolio BELLEVUE, WA 201,726201.7k $4.0m $4.0m 3.34% New
24 True Blue Financial, LLC 3.34% of their portfolio STEVENSVILLE, MI 201,726201.7k $4.0m $4.0m 3.34% First filing
25 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 199,110199.1k $4.0m $4.0m 0.01% Added +76.2k +76,219
26 Per Stirling Capital Management, LLC. 0.44% of their portfolio AUSTIN, TX 197,053197.1k $3.9m $3.9m 0.44% Added +24.9k +24,924
27 Francis Financial, Inc. 0.63% of their portfolio NEW YORK, NY 161,251161.3k $3.2m $3.2m 0.63% Added +13.4k +13,396
28 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 147,035147.0k $2.9m $2.9m 0.01% Reduced -4.7k -4,698
29 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 137,847137.8k $2.8m $2.8m 0.01% Added +32.4k +32,396
30 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 122,211122.2k $2.4m $2.4m 0.01% Reduced -82.1k -82,090
31 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 116,454116.5k $2.3m $2.3m 0.03% Unchanged
32 Gateway Wealth Partners, LLC 0.26% of their portfolio APPLETON, WI 115,448115.4k $2.3m $2.3m 0.26% Added +10.9k +10,879
33 IFP Advisors, Inc 0.05% of their portfolio TAMPA, FL 114,601114.6k $2.3m $2.3m 0.05% Added +9.2k +9,240
34 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 112,281112.3k $2.3m $2.3m 0.01% Reduced -2.6k -2,592
35 RFG Advisory, LLC 0.04% of their portfolio BIRMINGHAM, AL 109,956110.0k $2.2m $2.2m 0.04% Added +51.8k +51,843
36 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 108,781108.8k $2.2m $2.2m 0.02% Reduced -14.2k -14,190
37 Pursuit Wealth Management LLC 1.86% of their portfolio Palm Beach Gardens, FL 108,238108.2k $2.2m $2.2m 1.86% First filing
38 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 92,90592.9k $1.9m $1.9m 0.01% Added +171 +171
39 COMERICA BANK 0.01% of their portfolio DALLAS, TX 90,19190.2k $1.8m $1.8m 0.01% Reduced -1.5k -1,495
40 MGO ONE SEVEN LLC 0.04% of their portfolio Beachwood, OH 88,41888.4k $1.8m $1.8m 0.04% New
41 Insight Inv LLC 0.99% of their portfolio EL SEGUNDO, CA 88,23588.2k $1.8m $1.8m 0.99% Added +1.5k +1,500
42 Dynamic Advisor Solutions LLC 0.05% of their portfolio PHOENIX, AZ 82,88882.9k $1.7m $1.7m 0.05% Added +5.8k +5,750
43 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 80,97981.0k $1.6m $1.6m 0.01% Added +2.6k +2,617
44 Sowell Financial Services LLC 0.06% of their portfolio NORTH LITTLE ROCK, AR 79,35979.4k $1.6m $1.6m 0.06% Reduced -38.4k -38,375
45 GENESIS PRIVATE WEALTH, LLC 0.44% of their portfolio ASHBURN, VA 70,98971.0k $1.4m $1.4m 0.44% Added +5.3k +5,334
46 Mutual Advisors, LLC 0.03% of their portfolio OMAHA, NE 69,21769.2k $1.4m $1.4m 0.03% Reduced -772 -772
47 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 68,37568.4k $1.4m $1.4m 0.02% Reduced -3.2k -3,171
48 ELEVATION POINT WEALTH PARTNERS, LLC 0.07% of their portfolio DENVER, CO 68,37568.4k $1.4m $1.4m 0.07% Reduced -3.2k -3,171
49 StoneX Group Inc. 0.06% of their portfolio NEW YORK, NY 63,19163.2k $1.3m $1.3m 0.06% Reduced -13.9k -13,916
50 Tower Research Capital LLC (TRC) 0.03% of their portfolio NEW YORK, NY 57,46357.5k $1.2m $1.2m 0.03% Added +54.0k +53,963
51 Hobart Private Capital, LLC 0.22% of their portfolio CHARLOTTE, NC 56,66756.7k $1.1m $1.1m 0.22% Unchanged
52 AVAII WEALTH MANAGEMENT, LLC 0.40% of their portfolio APPLETON, WI 55,32655.3k $1.1m $1.1m 0.40% Added +5.8k +5,753
53 Pine Valley Investments Ltd Liability Co 0.05% of their portfolio MARLTON, NJ 55,04255.0k $1.1m $1.1m 0.05% Unchanged
54 Security Financial Services, INC. 0.17% of their portfolio Fort Wayne, IN 54,65554.7k $1.1m $1.1m 0.17% Added +15.9k +15,913
55 Elequin Capital, LP 0.14% of their portfolio NEW YORK, NY 51,96552.0k $1.0m $1.0m 0.14% Reduced -618 -618
56 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 51,22151.2k $1.0m $1.0m 0.02% Reduced -6.0k -6,029
57 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 50,74850.7k $1.0m $1.0m 0.00% Added +4.9k +4,891
58 FSB PREMIER WEALTH MANAGEMENT, INC. 0.31% of their portfolio WATERLOO, IA 48,85648.9k $979.3k $979.3k 0.31% Reduced -86 -86
59 Occidental Asset Management, LLC 0.11% of their portfolio Burlingame, CA 46,03646.0k $922.8k $922.8k 0.11% Added +500 +500
60 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 43,84543.8k $878.9k $878.9k 0.00% Added +3.6k +3,645
61 JAMES INVESTMENT RESEARCH, INC. 0.10% of their portfolio ALPHA, OH 43,58643.6k $873.7k $873.7k 0.10% Unchanged
62 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 42,59442.6k $853.8k $853.8k 0.01% Added +2.7k +2,683
63 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 41,95842.0k $841.1k $841.1k 0.01% Added +1.7k +1,673
64 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 40,82740.8k $818.4k $818.4k 0.01% Added +4.2k +4,190
65 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 40,55140.6k $812.8k $812.8k 0.00% New
66 ARBOR CAPITAL MANAGEMENT INC /ADV 0.67% of their portfolio ANCHORAGE, AK 39,77539.8k $798.3k $798.3k 0.67% Added +2.6k +2,593
67 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 39,53039.5k $792.4k $792.4k 0.01% Added +5.9k +5,940
68 INSPIRION WEALTH ADVISORS, LLC 0.10% of their portfolio LIBERTYVILLE, IL 39,29539.3k $787.7k $787.7k 0.10% Reduced -335 -335
69 TRUST CO OF OKLAHOMA 0.19% of their portfolio TULSA, OK 33,04333.0k $662.3k $662.3k 0.19% Unchanged
70 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 32,29132.3k $647.0k $647.0k 0.02% New
71 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 32,25732.3k $646.7k $646.7k 0.00% Unchanged
72 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 31,55331.6k $632.5k $632.5k 0.02% New
73 Eldridge Investment Advisors, Inc. 0.14% of their portfolio MANCHESTER, NH 31,49131.5k $631.2k $631.2k 0.14% Unchanged
74 CAPITAL FINANCIAL GROUP INC\CO\ /ADV 0.34% of their portfolio LITTLETON, CO 30,40030.4k $609.4k $609.4k 0.34% First filing
75 Keating Financial Advisory Services, Inc. 0.08% of their portfolio MANHATTAN, KS 28,11928.1k $563.6k $563.6k 0.08% First filing
76 Foster Victor Wealth Advisors, LLC 0.03% of their portfolio GREENVILLE, SC 27,16327.2k $546.8k $546.8k 0.03% Reduced -554 -554
77 CASTLE WEALTH MANAGEMENT LLC 0.17% of their portfolio BOYNTON BEACH, FL 26,20326.2k $525.2k $525.2k 0.17% Added +8.0k +7,955
78 Norris Financial Group, LLC 0.18% of their portfolio GREENVILLE, SC 25,95726.0k $520.3k $520.3k 0.18% Unchanged
79 WADDELL & ASSOCIATES, LLC 0.03% of their portfolio MEMPHIS, TN 25,05925.1k $502.3k $502.3k 0.03% New
80 STONEHAVEN WEALTH & TAX SOLUTIONS, LLC 0.44% of their portfolio APPLETON, WI 24,16524.2k $484.4k $484.4k 0.44% New
81 Principle Wealth Partners LLC 0.03% of their portfolio MADISON, CT 24,04024.0k $481.9k $481.9k 0.03% Added +3.6k +3,644
82 Summit Wealth Partners, LLC 0.09% of their portfolio Orlando, FL 23,39423.4k $468.9k $468.9k 0.09% Unchanged
83 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 22,40722.4k $449.1k $449.1k 0.01% Reduced -2.0k -2,012
84 Fifth Third Securities, Inc. 0.03% of their portfolio Cincinnati, OH 21,88021.9k $438.6k $438.6k 0.03% New
85 ONE PLUS ONE WEALTH MANAGEMENT, LLC 0.20% of their portfolio JUPITER, FL 21,11921.1k $423.3k $423.3k 0.20% Reduced -1.2k -1,234
86 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 20,80320.8k $417.0k $417.0k 0.01% Added +5.5k +5,490
87 Core Wealth Partners LLC 0.18% of their portfolio SANTA ROSA, CA 19,83119.8k $397.5k $397.5k 0.18% Reduced -5.8k -5,799
88 Capital Investment Advisory Services, LLC 0.03% of their portfolio RALEIGH, NC 19,72919.7k $395.5k $395.5k 0.03% Added +612 +612
89 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 18,42018.4k $369.2k $369.2k 0.00% Added +1.5k +1,470
90 WealthCare Investment Partners, LLC 0.10% of their portfolio PORTSMOUTH, RI 16,78816.8k $336.6k $336.6k 0.10% New
91 Keystone Wealth Services, LLC 0.07% of their portfolio PALM DESERT, CA 16,50016.5k $330.7k $330.7k 0.07% Unchanged
92 NOVEM GROUP 0.04% of their portfolio Rochester, NY 16,31516.3k $327.0k $327.0k 0.04% Added +3.3k +3,315
93 FORONJY FINANCIAL LLC 0.13% of their portfolio Los Osos, CA 16,04916.0k $321.7k $321.7k 0.13% Reduced -2.7k -2,688
94 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio ORLANDO, FL 14,99315.0k $300.5k $300.5k 0.02% New
95 Rooted Wealth Advisors, Inc. 0.08% of their portfolio BOURBONNAIS, IL 14,36514.4k $289.6k $289.6k 0.08% Reduced -340 -340
96 STRATEGY ASSET MANAGERS LLC 0.05% of their portfolio PASADENA, CA 14,33014.3k $287.2k $287.2k 0.05% New
97 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 14,30014.3k $286.6k $286.6k 0.00% New
98 Hedeker Wealth, LLC 0.06% of their portfolio Lincolnshire, IL 13,56613.6k $271.9k $271.9k 0.06% Added +308 +308
99 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 13,48113.5k $270.2k $270.2k 0.00% Added +7.8k +7,842
100 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 13,23613.2k $265.3k $265.3k 0.00% Reduced -1.2k -1,201