Vault-13

FIRST TR EXCHANGE-TRADED FD LMBS

FST LOW OPPT EFT · ETP · CUSIP 33739Q200

421 institutional holders +11 vs Q1 2025
83,617,82483.6m shares reported held*
$4.1bnreported value*
33 new 162 added 176 reduced 25 sold out net bought ≈ $293.9m (+6.0m 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 ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.26. Options: 2 managers hold calls ($330.0k notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 382Q4 22: 380Q1 23: 380Q2 23: 380Q3 23: 374Q4 23: 382Q1 24: 377Q2 24: 392Q3 24: 394Q4 24: 418Q1 25: 410Q2 25: 421421Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022382
Q4 2022380
Q1 2023380
Q2 2023380
Q3 2023374
Q4 2023382
Q1 2024377
Q2 2024392
Q3 2024394
Q4 2024418
Q1 2025410
Q2 2025421

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 136 bought or addedQ3 23: 228 cut or sold outQ4 23: 139 bought or addedQ4 23: 233 cut or sold outQ4 23Q1 24: 175 bought or addedQ1 24: 193 cut or sold outQ2 24: 187 bought or addedQ2 24: 186 cut or sold outQ2 24Q3 24: 213 bought or addedQ3 24: 164 cut or sold outQ4 24: 199 bought or addedQ4 24: 176 cut or sold outQ4 24Q1 25: 218 bought or addedQ1 25: 180 cut or sold outQ2 25: 195 bought or addedQ2 25: 201 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023136228
Q4 2023139233
Q1 2024175193
Q2 2024187186
Q3 2024213164
Q4 2024199176
Q1 2025218180
Q2 2025195201

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $194.7kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $245.8kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $330.0kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$194.7k$00.00
Q1 2025$245.8k$00.00
Q2 2025$330.0k$00.00

Biggest buyers

ROYAL BANK OF CANADA Added +2,481,115+2.5m
LPL Financial LLC Added +1,293,285+1.3m
UBS Group AG Added +834,501+834.5k
MORGAN STANLEY Added +553,636+553.6k
Rockefeller Capital Management L.P. Added +250,428+250.4k
BANK OF AMERICA CORP /DE/ Added +248,784+248.8k
CITADEL ADVISORS LLC New +196,329+196.3k
RAYMOND JAMES FINANCIAL INC Added +185,249+185.2k
Vestmark Advisory Solutions, Inc. Added +185,184+185.2k
Redhawk Wealth Advisors, Inc. New +175,600+175.6k

Biggest sellers

ATWOOD & PALMER INC Reduced -286,435-286.4k
Private Advisor Group, LLC Reduced -213,568-213.6k
Commonwealth Financial Services, LLC Reduced -138,243-138.2k
Financial Enhancement Group LLC Reduced -128,060-128.1k
Geneos Wealth Management Inc. Reduced -122,111-122.1k
Friedenthal Financial Reduced -84,044-84.0k
STIFEL FINANCIAL CORP Reduced -83,437-83.4k
RiverTree Advisors, LLC Reduced -75,665-75.7k
RENAISSANCE TECHNOLOGIES LLC Reduced -73,400-73.4k
Clear Creek Financial Management, LLC Reduced -71,378-71.4k

Biggest calls

CITADEL ADVISORS LLC Added $330.0k6.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

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.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 13,443,25713.4m $662.2m $662.2m 0.04% Added +553.6k +553,636
2 LPL Financial LLC 0.17% of their portfolio FORT MILL, SC 10,542,98010.5m $519.3m $519.3m 0.17% Added +1.3m +1,293,285
3 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 5,180,1905.2m $255.2m $255.2m 0.06% Added +95.7k +95,743
4 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 5,091,4165.1m $250.8m $250.8m 0.02% Added +2.5m +2,481,115
5 UBS Group AG 0.05% of their portfolio ZURICH, V8 4,963,9655.0m $244.5m $244.5m 0.05% Added +834.5k +834,501
6 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 3,595,5113.6m $177.1m $177.1m 0.06% Added +185.2k +185,249
7 Cetera Investment Advisers 0.15% of their portfolio SCHAUMBURG, IL 1,841,6161.8m $90.7m $90.7m 0.15% Added +128.7k +128,743
8 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,630,5211.6m $80.3m $80.3m 0.01% Added +248.8k +248,784
9 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 1,103,2351.1m $54.3m $54.3m 0.04% Added +113.4k +113,364
10 Berger Financial Group, Inc 3.17% of their portfolio PLYMOUTH, MN 991,200991.2k $48.8m $48.8m 3.17% Added +20.8k +20,827
11 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 970,436970.4k $47.8m $47.8m 0.01% Added +42.0k +41,990
12 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 945,768945.8k $46.6m $46.6m 0.06% Reduced -50.5k -50,548
13 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 850,960851.0k $41.9m $41.9m 0.07% Added +175.3k +175,338
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 833,495833.5k $41.1m $41.1m 0.03% Added +37.4k +37,356
15 Concurrent Investment Advisors, LLC 0.74% of their portfolio Tampa, FL 775,525775.5k $38.2m $38.2m 0.74% Added +33.5k +33,469
16 Clearwater Capital Advisors, LLC 3.40% of their portfolio HOFFMAN ESTATES, IL 755,493755.5k $37.2m $37.2m 3.40% Added +9.5k +9,482
17 Csenge Advisory Group 1.89% of their portfolio CLEARWATER, FL 736,493736.5k $36.0m $36.0m 1.89% Added +24.3k +24,316
18 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 697,393697.4k $34.4m $34.4m 0.04% Reduced -8.8k -8,834
19 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 549,755549.8k $27.1m $27.1m 0.03% Reduced -83.4k -83,437
20 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 506,206506.2k $24.9m $24.9m 0.04% Added +9.1k +9,112
21 Trilogy Capital Inc. 1.21% of their portfolio IRVINE, CA 503,106503.1k $24.8m $24.8m 1.21% Reduced -29.1k -29,090
22 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 499,706499.7k $24.6m $24.6m 0.03% Added +250.4k +250,428
23 HARBOUR INVESTMENTS, INC. 0.59% of their portfolio MADISON, WI 469,605469.6k $23.1m $23.1m 0.59% Added +14.4k +14,432
24 Heck Capital Advisors, LLC 1.92% of their portfolio Rhinelander, WI 453,087453.1k $22.3m $22.3m 1.92% Added +17.5k +17,517
25 Harvest Investment Services, LLC 4.94% of their portfolio Oakbrook Terrace, IL 448,261448.3k $22.1m $22.1m 4.94% Reduced -14.4k -14,362
26 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 445,675445.7k $22.0m $22.0m 0.07% Reduced -22.6k -22,599
27 Prospera Financial Services Inc 0.41% of their portfolio Dallas, TX 443,337443.3k $21.8m $21.8m 0.41% Reduced -70.1k -70,075
28 Brookstone Capital Management 0.29% of their portfolio WHEATON, IL 441,694441.7k $21.8m $21.8m 0.29% Added +3.8k +3,817
29 INSPIRION WEALTH ADVISORS, LLC 2.75% of their portfolio LIBERTYVILLE, IL 422,450422.4k $20.8m $20.8m 2.75% Added +10.2k +10,192
30 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 407,129407.1k $20.1m $20.1m 0.04% Added +2.5k +2,524
31 SEARCY FINANCIAL SERVICES INC /ADV 7.92% of their portfolio OVERLAND PARK, KS 395,350395.4k $19.5m $19.5m 7.92% Added +5.1k +5,058
32 Financial Enhancement Group LLC 2.59% of their portfolio ANDERSON, IN 369,039369.0k $18.1m $18.1m 2.59% Reduced -128.1k -128,060
33 Vestmark Advisory Solutions, Inc. 0.26% of their portfolio Wakefield, MA 363,206363.2k $17.9m $17.9m 0.26% Added +185.2k +185,184
34 &PARTNERS 0.14% of their portfolio NASHVILLE, TN 361,143361.1k $17.8m $17.8m 0.14% Added +173.5k +173,505
35 Aaron Wealth Advisors LLC 1.80% of their portfolio Chicago, IL 357,186357.2k $17.6m $17.6m 1.80% Added +4.8k +4,770
36 CWM, LLC 0.06% of their portfolio OMAHA, NE 345,385345.4k $17.0m $17.0m 0.06% Reduced -37 -37
37 STEPHENS INC /AR/ 0.23% of their portfolio LITTLE ROCK, AR 344,472344.5k $17.0m $17.0m 0.23% Reduced -27.1k -27,077
38 American Financial Advisors, LLC 2.35% of their portfolio Marietta, GA 341,217341.2k $16.8m $16.8m 2.35% Reduced -2.5k -2,469
39 KESTRA PRIVATE WEALTH SERVICES, LLC 0.24% of their portfolio AUSTIN, TX 333,039333.0k $16.4m $16.4m 0.24% Added +25.1k +25,071
40 Integrated Wealth Concepts LLC 0.16% of their portfolio WALTHAM, MA 325,317325.3k $16.0m $16.0m 0.16% Added +14.1k +14,143
41 AVANTAX ADVISORY SERVICES, INC. 0.09% of their portfolio DALLAS, TX 321,449321.4k $15.8m $15.8m 0.09% Added +18.0k +18,003
42 Fairvoy Private Wealth, LLC 3.82% of their portfolio BIRMINGHAM, AL 312,260312.3k $15.4m $15.4m 3.82% Added +5.5k +5,532
43 TD Capital Management LLC 1.44% of their portfolio MEMPHIS, TN 310,700310.7k $15.3m $15.3m 1.44% Reduced -1.6k -1,633
44 NewEdge Advisors, LLC 0.08% of their portfolio NEW ORLEANS, LA 309,900309.9k $15.3m $15.3m 0.08% Added +20.5k +20,491
45 Walkner Condon Financial Advisors LLC 2.79% of their portfolio MADISON, WI 307,531307.5k $15.1m $15.1m 2.79% Added +28.5k +28,492
46 CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.53% of their portfolio PASADENA, CA 306,127306.1k $15.1m $15.1m 0.53% Reduced -2.8k -2,792
47 Geneos Wealth Management Inc. 0.37% of their portfolio ENGLEWOOD, CO 305,634305.6k $15.1m $15.1m 0.37% Reduced -122.1k -122,111
48 Obermeyer Wealth Partners 0.73% of their portfolio ASPEN, CO 299,341299.3k $14.7m $14.7m 0.73% Added +252 +252
49 TL Private Wealth 6.08% of their portfolio SOUTHLAKE, TX 298,480298.5k $14.6m $14.6m 6.08% Reduced -4.0k -3,995
50 Petix & Botte Co 3.35% of their portfolio LA MESA, CA 277,213277.2k $13.7m $13.7m 3.35% Reduced -18.0k -18,006
51 Mariner, LLC 0.02% of their portfolio Overland Park, KS 269,441269.4k $13.3m $13.3m 0.02% Added +6.6k +6,562
52 Atria Investments, Inc 0.15% of their portfolio Charlotte, NC 265,854265.9k $13.1m $13.1m 0.15% Reduced -1.3k -1,290
53 Prism Advisors, Inc. 3.69% of their portfolio STUDIO CITY, CA 263,224263.2k $13.0m $13.0m 3.69% Reduced -21.6k -21,567
54 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 261,446261.4k $12.9m $12.9m 0.02% Reduced -6.2k -6,151
55 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 261,445261.4k $12.9m $12.9m 0.07% Reduced -213.6k -213,568
56 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 252,052252.1k $12.4m $12.4m 0.03% Added +25.9k +25,866
57 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 250,800250.8k $12.4m $12.4m 0.02% Reduced -73.4k -73,400
58 Long Run Wealth Advisors, LLC 2.57% of their portfolio Lake Placid, NY 249,146249.1k $12.3m $12.3m 2.57% Added +9.1k +9,107
59 Foundations Investment Advisors, LLC 0.19% of their portfolio PHOENIX, AZ 247,518247.5k $12.2m $12.2m 0.19% Reduced -4.9k -4,927
60 Weitzel Financial Services, Inc. 4.95% of their portfolio DUBUQUE, IA 236,607236.6k $11.7m $11.7m 4.95% Reduced -16.2k -16,162
61 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 234,894234.9k $11.6m $11.6m 0.06% Reduced -703 -703
62 IFP Advisors, Inc 0.31% of their portfolio TAMPA, FL 224,226224.2k $11.0m $11.0m 0.31% Added +54.9k +54,880
63 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 221,383221.4k $10.9m $10.9m 0.03% Reduced -6.0k -6,023
64 PFS Partners, LLC 5.24% of their portfolio MINE HILL, NJ 211,028211.0k $10.4m $10.4m 5.24% Reduced -5.4k -5,402
65 First International Bank & Trust 3.61% of their portfolio WATFORD CITY, ND 210,826210.8k $10.4m $10.4m 3.61% Reduced -12.5k -12,459
66 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 206,962207.0k $10.2m $10.2m 0.03% Added +2.9k +2,925
67 EWG Elevate Inc. 3.09% of their portfolio ROSEVILLE, CA 203,702203.7k $10.0m $10.0m 3.09% Reduced -320 -320
68 MRA Advisory Group 4.60% of their portfolio PARSIPPANY, NJ 199,464199.5k $9.8m $9.8m 4.60% Reduced -11.9k -11,903
69 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 196,329196.3k $9.7m $9.7m 0.01% New
70 Secure Asset Management, LLC 1.78% of their portfolio Troy, MI 194,782194.8k $9.6m $9.6m 1.78% Reduced -8.4k -8,356
71 COMERICA BANK 0.04% of their portfolio DALLAS, TX 190,158190.2k $9.4m $9.4m 0.04% Reduced -3.0k -3,037
72 Kingsview Wealth Management, LLC 0.16% of their portfolio GRANTS PASS, OR 188,581188.6k $9.3m $9.3m 0.16% Reduced -9.6k -9,626
73 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 178,915178.9k $8.8m $8.8m 0.02% Reduced -3.0k -2,958
74 BELLEVUE ASSET MANAGEMENT, LLC 4.24% of their portfolio BELLEVUE, WA 176,778176.8k $8.7m $8.7m 4.24% Added +3.1k +3,131
75 Redhawk Wealth Advisors, Inc. 1.08% of their portfolio MINNEAPOLIS, MN 175,600175.6k $8.7m $8.7m 1.08% New
76 Ameritas Investment Partners, Inc. 0.27% of their portfolio LINCOLN, NE 172,059172.1k $8.5m $8.5m 0.27% Added +824 +824
77 Darwin Wealth Management, LLC 2.91% of their portfolio TAMPA, FL 170,698170.7k $8.4m $8.4m 2.91% Reduced -17.8k -17,752
78 Migdal Insurance & Financial Holdings Ltd. 0.05% of their portfolio Petach Tikva, L3 161,064161.1k $7.9m $7.9m 0.05% Added +79.4k +79,355
79 Grove Bank & Trust 0.96% of their portfolio Miami, FL 156,777156.8k $7.7m $7.7m 0.96% Added +3.7k +3,682
80 LexAurum Advisors, LLC 1.19% of their portfolio OVERLAND PARK, KS 153,274153.3k $7.6m $7.6m 1.19% Reduced -3.3k -3,251
81 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 152,694152.7k $7.5m $7.5m 0.01% Added +65.7k +65,653
82 Ameritas Advisory Services, LLC 0.39% of their portfolio Lincoln, NE 151,651151.7k $7.5m $7.5m 0.39% Reduced -44.8k -44,772
83 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 151,083151.1k $7.4m $7.4m 0.03% Reduced -38.5k -38,450
84 Steward Partners Investment Advisory, LLC 0.06% of their portfolio STAMFORD, CT 148,462148.5k $7.3m $7.3m 0.06% Reduced -20.9k -20,925
85 TCP Asset Management, LLC 1.43% of their portfolio Upper Arlington, OH 146,582146.6k $7.2m $7.2m 1.43% Added +2.7k +2,708
86 EdgeRock Capital LLC 2.14% of their portfolio DENVER, CO 137,391137.4k $6.8m $6.8m 2.14% Reduced -2.8k -2,830
87 Lunt Capital Management, Inc. 2.54% of their portfolio HOLLADAY, UT 134,552134.6k $6.6m $6.6m 2.54% Added +1.0k +1,022
88 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 133,821133.8k $6.6m $6.6m 0.00% Added +4.9k +4,875
89 Fairway Financial, LLC 5.52% of their portfolio CASSELBERRY, FL 132,430132.4k $6.5m $6.5m 5.52% Reduced -717 -717
90 D.A. DAVIDSON & CO. 0.05% of their portfolio GREAT FALLS, MT 131,300131.3k $6.5m $6.5m 0.05% Reduced -21.0k -21,046
91 IMA Advisory Services, Inc. 0.69% of their portfolio DENVER, CO 130,703130.7k $6.4m $6.4m 0.69% Reduced -4.6k -4,619
92 Ashton Thomas Private Wealth, LLC 0.22% of their portfolio SCOTTSDALE, AZ 128,132128.1k $6.3m $6.3m 0.22% Added +7.3k +7,333
93 Mainsail Financial Group, LLC 2.93% of their portfolio BELLEVUE, WA 127,903127.9k $6.3m $6.3m 2.93% Added +8.9k +8,946
94 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 127,359127.4k $6.3m $6.3m 0.00% Reduced -41.6k -41,562
95 Entruity Wealth, LLC 5.31% of their portfolio BAKERSFIELD, CA 126,722126.7k $6.2m $6.2m 5.31% Added +2.6k +2,604
96 Stratos Wealth Partners, LTD. 0.08% of their portfolio BEACHWOOD, OH 126,516126.5k $6.2m $6.2m 0.08% Reduced -9.7k -9,689
97 Clear Creek Financial Management, LLC 0.58% of their portfolio SILVERDALE, WA 123,211123.2k $6.1m $6.1m 0.58% Reduced -71.4k -71,378
98 Summit Financial, LLC 0.14% of their portfolio PARSIPPANY, NJ 121,814121.8k $6.0m $6.0m 0.14% Reduced -49.3k -49,276
99 Coppell Advisory Solutions LLC 0.42% of their portfolio COPPELL, TX 121,130121.1k $6.0m $6.0m 0.42% Added +79.1k +79,057
100 GENESIS PRIVATE WEALTH, LLC 2.73% of their portfolio ASHBURN, VA 117,644117.6k $5.8m $5.8m 2.73% New