Vault-13

FIRST TR EXCH TRADED FD III FSMB

SHRT DUR MNG MUN · ETP · CUSIP 33739P830

140 institutional holders +0 vs Q4 2025
23,079,64023.1m shares reported held*
$460.7mreported value*
15 new 68 added 38 reduced 13 sold out net bought ≈ $27.0m (+1.4m 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 ($1.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.96.

Trends to Q1 2026

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: 140Q1 26: 140140Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026140

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q4 25: 75 bought or addedQ4 25: 48 cut or sold outQ1 26: 83 bought or addedQ1 26: 51 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20244957
Q3 20245547
Q4 20246448
Q1 20256259
Q2 20256150
Q3 20256845
Q4 20257548
Q1 20268351

Biggest buyers

LPL Financial LLC Added +844,720+844.7k
MORGAN STANLEY Added +733,631+733.6k
Cetera Investment Advisers Added +337,466+337.5k
GOLDMAN SACHS GROUP INC New +197,780+197.8k
Francis Financial, Inc. Added +196,100+196.1k
Cambridge Investment Research Advisors, Inc. Added +139,675+139.7k
Gateway Wealth Partners, LLC Added +118,592+118.6k
Per Stirling Capital Management, LLC. Added +101,109+101.1k
FIFTH THIRD BANCORP New +86,917+86.9k
Independent Advisor Alliance New +86,209+86.2k

Biggest sellers

Corient Private Wealth LP Reduced -1,397,760-1.4m
TrueWealth Financial Partners Sold out -201,726-201.7k
ROYAL BANK OF CANADA Reduced -156,545-156.5k
OSAIC HOLDINGS, INC. Reduced -95,013-95.0k
StoneX Group Inc. Sold out -63,191-63.2k
Tower Research Capital LLC (TRC) Reduced -55,269-55.3k
Elequin Capital, LP Sold out -51,965-52.0k
WELLS FARGO & COMPANY/MN Reduced -47,110-47.1k
FLOW TRADERS U.S. LLC Sold out -32,291-32.3k
STIFEL FINANCIAL CORP Reduced -30,635-30.6k

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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,146,5345.1m $102.7m $102.7m 0.01% Added +733.6k +733,631
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 2,267,4732.3m $45.3m $45.3m 0.01% Added +844.7k +844,720
3 RMR Wealth Builders 1.69% of their portfolio Montclair, NJ 1,077,2671.1m $21.5m $21.5m 1.69% Added +54.0k +54,045
4 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 1,052,6301.1m $21.0m $21.0m 0.03% Reduced -1.4m -1,397,760
5 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 949,368949.4k $18.9m $18.9m 0.02% Added +69.4k +69,352
6 PFS Partners, LLC 6.27% of their portfolio MINE HILL, NJ 685,295685.3k $13.7m $13.7m 6.27% Reduced -2.3k -2,341
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 678,124678.1k $13.5m $13.5m 0.00% Reduced -7.8k -7,756
8 TruWealth Advisors, LLC 0.64% of their portfolio Metairie, LA 668,643668.6k $13.3m $13.3m 0.64% Added +49.1k +49,075
9 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 551,996552.0k $11.0m $11.0m 0.01% Added +337.5k +337,466
10 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 531,145531.1k $10.6m $10.6m 0.04% Added +43.5k +43,529
11 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 509,788509.8k $10.2m $10.2m 0.02% Added +31.8k +31,796
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 460,518460.5k $9.2m $9.2m 0.00% Added +1.7k +1,736
13 EnRich Financial Partners LLC 2.20% of their portfolio MADISON, WI 415,619415.6k $8.3m $8.3m 2.20% Added +19.5k +19,496
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 414,123414.1k $8.3m $8.3m 0.00% Reduced -47.1k -47,110
15 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 377,831377.8k $7.5m $7.5m 0.00% Reduced -9.5k -9,525
16 Francis Financial, Inc. 1.32% of their portfolio NEW YORK, NY 357,351357.4k $7.1m $7.1m 1.32% Added +196.1k +196,100
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 323,015323.0k $6.4m $6.4m 0.00% Reduced -156.5k -156,545
18 Per Stirling Capital Management, LLC. 0.66% of their portfolio AUSTIN, TX 298,162298.2k $6.0m $6.0m 0.66% Added +101.1k +101,109
19 Nilsine Partners, LLC 0.44% of their portfolio GREENWOOD VILLAGE, CO 282,049282.0k $5.6m $5.6m 0.44% Added +29.3k +29,334
20 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 277,522277.5k $5.5m $5.5m 0.01% Added +139.7k +139,675
21 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 273,172273.2k $5.5m $5.5m 0.01% Added +74.1k +74,062
22 CONDOR CAPITAL MANAGEMENT 0.41% of their portfolio MARTINSVILLE, NJ 248,646248.6k $5.0m $5.0m 0.41% Added +17.9k +17,869
23 Gateway Wealth Partners, LLC 0.18% of their portfolio APPLETON, WI 234,040234.0k $4.7m $4.7m 0.18% Added +118.6k +118,592
24 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 219,812219.8k $4.4m $4.4m 0.02% Reduced -15.3k -15,341
25 True Blue Financial, LLC 3.32% of their portfolio STEVENSVILLE, MI 211,162211.2k $4.2m $4.2m 3.32% Added +9.4k +9,436
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 210,255210.3k $4.2m $4.2m 0.00% Reduced -3.8k -3,825
27 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 204,536204.5k $4.1m $4.1m 0.01% Reduced -95.0k -95,013
28 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 197,780197.8k $3.9m $3.9m 0.00% New
29 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 192,572192.6k $3.8m $3.8m 0.00% Reduced -30.6k -30,635
30 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 137,430137.4k $2.7m $2.7m 0.01% Reduced -9.6k -9,605
31 IFP Advisors, Inc 0.06% of their portfolio TAMPA, FL 137,246137.2k $2.7m $2.7m 0.06% Added +22.6k +22,645
32 RFG Advisory, LLC 0.04% of their portfolio BIRMINGHAM, AL 119,908119.9k $2.4m $2.4m 0.04% Added +10.0k +9,952
33 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 111,182111.2k $2.2m $2.2m 0.01% Added +18.3k +18,277
34 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 109,309109.3k $2.2m $2.2m 0.02% Added +528 +528
35 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 108,639108.6k $2.2m $2.2m 0.01% Reduced -13.6k -13,572
36 Dynamic Advisor Solutions LLC 0.07% of their portfolio PHOENIX, AZ 103,771103.8k $2.1m $2.1m 0.07% Added +20.9k +20,883
37 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 102,125102.1k $2.0m $2.0m 0.03% Reduced -14.3k -14,329
38 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 98,02898.0k $2.0m $2.0m 0.01% Reduced -14.3k -14,253
39 MGO ONE SEVEN LLC 0.04% of their portfolio Beachwood, OH 94,71094.7k $1.9m $1.9m 0.04% Added +6.3k +6,292
40 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 87,82887.8k $1.8m $1.8m 0.02% Added +19.5k +19,453
41 ELEVATION POINT WEALTH PARTNERS, LLC 0.04% of their portfolio DENVER, CO 87,82887.8k $1.8m $1.8m 0.04% Added +19.5k +19,453
42 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 86,91786.9k $1.7m $1.7m 0.00% New
43 Insight Inv LLC 0.95% of their portfolio EL SEGUNDO, CA 86,81086.8k $1.7m $1.7m 0.95% Reduced -1.4k -1,425
44 Independent Advisor Alliance 0.02% of their portfolio CHARLOTTE, NC 86,20986.2k $1.7m $1.7m 0.02% New
45 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 80,58080.6k $1.6m $1.6m 0.01% Reduced -399 -399
46 GENESIS PRIVATE WEALTH, LLC 0.46% of their portfolio ASHBURN, VA 72,66872.7k $1.5m $1.5m 0.46% Added +1.7k +1,679
47 ARBOR CAPITAL MANAGEMENT INC /ADV 1.14% of their portfolio ANCHORAGE, AK 69,64469.6k $1.4m $1.4m 1.14% Added +29.9k +29,869
48 Mutual Advisors, LLC 0.03% of their portfolio OMAHA, NE 69,33569.3k $1.4m $1.4m 0.03% Added +118 +118
49 Hobart Private Capital, LLC 0.26% of their portfolio CHARLOTTE, NC 66,87266.9k $1.3m $1.3m 0.26% Added +10.2k +10,205
50 Sowell Financial Services LLC 0.05% of their portfolio NORTH LITTLE ROCK, AR 63,73563.7k $1.3m $1.3m 0.05% Reduced -15.6k -15,624
51 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 61,92461.9k $1.2m $1.2m 0.01% Added +60.4k +60,424
52 Pine Valley Investments Ltd Liability Co 0.06% of their portfolio MARLTON, NJ 60,04260.0k $1.2m $1.2m 0.06% Added +5.0k +5,000
53 AVAII WEALTH MANAGEMENT, LLC 0.38% of their portfolio APPLETON, WI 55,16455.2k $1.1m $1.1m 0.38% Reduced -162 -162
54 Security Financial Services, INC. 0.17% of their portfolio Fort Wayne, IN 54,84654.8k $1.1m $1.1m 0.17% Added +191 +191
55 CASTLE WEALTH MANAGEMENT LLC 0.34% of their portfolio BOYNTON BEACH, FL 51,94251.9k $1.0m $1.0m 0.34% Added +25.7k +25,739
56 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 50,38450.4k $1.0m $1.0m 0.01% Reduced -837 -837
57 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 50,28650.3k $1.0m $1.0m 0.01% Added +8.3k +8,328
58 FSB PREMIER WEALTH MANAGEMENT, INC. 0.31% of their portfolio WATERLOO, IA 49,98850.0k $997.8k $997.8k 0.31% Added +1.1k +1,132
59 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 48,06248.1k $959.3k $959.3k 0.02% Added +5.5k +5,468
60 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 46,22046.2k $922.6k $922.6k 0.00% Reduced -4.5k -4,528
61 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 45,20545.2k $902.3k $902.3k 0.00% Added +1.4k +1,360
62 Occidental Asset Management, LLC 0.10% of their portfolio Burlingame, CA 44,11144.1k $880.5k $880.5k 0.10% Reduced -1.9k -1,925
63 JAMES INVESTMENT RESEARCH, INC. 0.10% of their portfolio ALPHA, OH 42,88042.9k $855.9k $855.9k 0.10% Reduced -706 -706
64 WADDELL & ASSOCIATES, LLC 0.04% of their portfolio MEMPHIS, TN 39,68239.7k $792.1k $792.1k 0.04% Added +14.6k +14,623
65 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 39,53039.5k $789.0k $789.0k 0.01% Unchanged
66 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 39,22739.2k $783.0k $783.0k 0.00% Reduced -1.6k -1,600
67 STONEHAVEN WEALTH & TAX SOLUTIONS, LLC 0.62% of their portfolio APPLETON, WI 35,26435.3k $703.9k $703.9k 0.62% Added +11.1k +11,099
68 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 33,75033.8k $673.6k $673.6k 0.01% Added +20.5k +20,514
69 TRUST CO OF OKLAHOMA 0.19% of their portfolio TULSA, OK 33,34333.3k $665.5k $665.5k 0.19% Added +300 +300
70 Norris Financial Group, LLC 0.21% of their portfolio GREENVILLE, SC 32,35332.4k $645.8k $645.8k 0.21% Added +6.4k +6,396
71 Keating Financial Advisory Services, Inc. 0.10% of their portfolio MANHATTAN, KS 31,94531.9k $637.6k $637.6k 0.10% Added +3.8k +3,826
72 DAYMARK WEALTH PARTNERS, LLC 0.02% of their portfolio CINCINNATI, OH 31,49831.5k $628.7k $628.7k 0.02% New
73 Principle Wealth Partners LLC 0.04% of their portfolio MADISON, CT 31,49331.5k $628.6k $628.6k 0.04% Added +7.5k +7,453
74 Eldridge Investment Advisors, Inc. 0.14% of their portfolio MANCHESTER, NH 31,49131.5k $628.6k $628.6k 0.14% Unchanged
75 CAPITAL FINANCIAL GROUP INC\CO\ /ADV 0.34% of their portfolio LITTLETON, CO 30,90030.9k $616.8k $616.8k 0.34% Added +500 +500
76 INSPIRION WEALTH ADVISORS, LLC 0.08% of their portfolio LIBERTYVILLE, IL 30,57030.6k $610.2k $610.2k 0.08% Reduced -8.7k -8,725
77 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 30,48930.5k $609.3k $609.3k 0.00% Reduced -1.8k -1,768
78 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 30,42930.4k $607.4k $607.4k 0.02% Reduced -1.1k -1,124
79 Foster Victor Wealth Advisors, LLC 0.03% of their portfolio GREENVILLE, SC 27,44027.4k $549.3k $549.3k 0.03% Added +277 +277
80 Summit Wealth Partners, LLC 0.07% of their portfolio Orlando, FL 23,39423.4k $466.9k $466.9k 0.07% Unchanged
81 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 23,16423.2k $462.4k $462.4k 0.01% New
82 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 22,40722.4k $447.2k $447.2k 0.01% Unchanged
83 ONE PLUS ONE WEALTH MANAGEMENT, LLC 0.18% of their portfolio JUPITER, FL 21,11921.1k $421.5k $421.5k 0.18% Unchanged
84 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 20,98521.0k $418.9k $418.9k 0.01% Added +182 +182
85 Capital Investment Advisory Services, LLC 0.03% of their portfolio RALEIGH, NC 20,74320.7k $414.0k $414.0k 0.03% Added +1.0k +1,014
86 Patriot Financial Group Insurance Agency, LLC 0.02% of their portfolio Westborough, MA 20,55620.6k $410.3k $410.3k 0.02% Added +10.3k +10,278
87 Western Wealth Management, LLC 0.02% of their portfolio GOLDEN, CO 20,50020.5k $409.2k $409.2k 0.02% New
88 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 20,05920.1k $400.4k $400.4k 0.01% Added +12.4k +12,369
89 Uniting Wealth Partners, LLC 0.07% of their portfolio DENVER, CO 17,62617.6k $351.8k $351.8k 0.07% New
90 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 17,14417.1k $342.2k $342.2k 0.00% Reduced -23.4k -23,407
91 NOVEM GROUP 0.04% of their portfolio Rochester, NY 16,92316.9k $337.8k $337.8k 0.04% Added +608 +608
92 WealthCare Investment Partners, LLC 0.09% of their portfolio PORTSMOUTH, RI 16,54316.5k $330.7k $330.7k 0.09% Reduced -245 -245
93 Keystone Wealth Services, LLC 0.07% of their portfolio PALM DESERT, CA 16,50016.5k $329.3k $329.3k 0.07% Unchanged
94 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 16,37216.4k $326.8k $326.8k 0.00% New
95 FORONJY FINANCIAL LLC 0.13% of their portfolio Los Osos, CA 15,75715.8k $314.5k $314.5k 0.13% Reduced -292 -292
96 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 15,37515.4k $306.9k $306.9k 0.00% Reduced -3.0k -3,045
97 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio ORLANDO, FL 15,00315.0k $299.8k $299.8k 0.02% Added +10 +10
98 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 14,52314.5k $290.2k $290.2k 0.00% Added +1.0k +1,042
99 STRATEGY ASSET MANAGERS LLC 0.05% of their portfolio PASADENA, CA 14,33014.3k $286.0k $286.0k 0.05% Unchanged
100 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 14,30014.3k $285.4k $285.4k 0.00% Unchanged