Vault-13

FIRST TR EXCHANGE-TRADED FD LMBS

FST LOW OPPT EFT · ETP · CUSIP 33739Q200

400 institutional holders -21 vs Q2 2025
84,449,05584.4m shares reported held*
$4.2bnreported value*
24 new 203 added 136 reduced 37 sold out net bought ≈ $80.7m (+1.6m 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 ($21.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.82. Options: 1 managers hold calls ($248.9k notional), 0 hold puts (—).

Trends to Q3 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: 421Q3 25: 400400Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025400

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 139 bought or addedQ4 23: 233 cut or sold outQ1 24: 175 bought or addedQ1 24: 193 cut or sold outQ1 24Q2 24: 187 bought or addedQ2 24: 186 cut or sold outQ3 24: 213 bought or addedQ3 24: 164 cut or sold outQ3 24Q4 24: 199 bought or addedQ4 24: 176 cut or sold outQ1 25: 218 bought or addedQ1 25: 180 cut or sold outQ1 25Q2 25: 195 bought or addedQ2 25: 201 cut or sold outQ3 25: 227 bought or addedQ3 25: 173 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023139233
Q1 2024175193
Q2 2024187186
Q3 2024213164
Q4 2024199176
Q1 2025218180
Q2 2025195201
Q3 2025227173

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ4 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 0.00Q3 25 calls: $248.9kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$194.7k$00.00
Q1 2025$245.8k$00.00
Q2 2025$330.0k$00.00
Q3 2025$248.9k$00.00

Biggest buyers

LPL Financial LLC Added +1,067,632+1.1m
Cetera Investment Advisers Added +599,674+599.7k
ELEVATION POINT WEALTH PARTNERS, LLC New +449,405+449.4k
MORGAN STANLEY Added +368,599+368.6k
WELLS FARGO & COMPANY/MN Added +254,204+254.2k
BANK OF AMERICA CORP /DE/ Added +246,797+246.8k
Vestmark Advisory Solutions, Inc. Added +242,154+242.2k
RAYMOND JAMES FINANCIAL INC Added +214,907+214.9k
STIFEL FINANCIAL CORP Added +160,172+160.2k
FIRST TRUST ADVISORS LP Added +129,380+129.4k

Biggest sellers

ROYAL BANK OF CANADA Reduced -2,420,761-2.4m
UBS Group AG Reduced -333,813-333.8k
Rockefeller Capital Management L.P. Reduced -245,038-245.0k
First Heartland Consultants, Inc. Reduced -108,887-108.9k
Alpha Financial Advisors, LLC Sold out -105,213-105.2k
RENAISSANCE TECHNOLOGIES LLC Reduced -81,010-81.0k
Migdal Insurance & Financial Holdings Ltd. Reduced -80,101-80.1k
Visionary Wealth Advisors Sold out -78,056-78.1k
Ameritas Advisory Services, LLC Reduced -74,756-74.8k
Arax Advisory Partners Sold out -73,950-74.0k

Biggest calls

CITADEL ADVISORS LLC Reduced $248.9k5.0k shares

Biggest puts

None

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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 13,811,85613.8m $687.7m $687.7m 0.04% Added +368.6k +368,599
2 LPL Financial LLC 0.17% of their portfolio FORT MILL, SC 11,610,61211.6m $578.1m $578.1m 0.17% Added +1.1m +1,067,632
3 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 5,434,3945.4m $270.6m $270.6m 0.06% Added +254.2k +254,204
4 UBS Group AG 0.05% of their portfolio ZURICH, V8 4,630,1524.6m $230.5m $230.5m 0.05% Reduced -333.8k -333,813
5 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 3,810,4183.8m $189.7m $189.7m 0.06% Added +214.9k +214,907
6 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,670,6552.7m $133.0m $133.0m 0.02% Reduced -2.4m -2,420,761
7 Cetera Investment Advisers 0.14% of their portfolio SCHAUMBURG, IL 2,441,2902.4m $121.6m $121.6m 0.14% Added +599.7k +599,674
8 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,877,3181.9m $93.5m $93.5m 0.01% Added +246.8k +246,797
9 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 1,232,6151.2m $61.4m $61.4m 0.05% Added +129.4k +129,380
10 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 1,024,0841.0m $51.0m $51.0m 0.07% Added +78.3k +78,316
11 Berger Financial Group, Inc 3.02% of their portfolio PLYMOUTH, MN 1,011,7411.0m $50.4m $50.4m 3.02% Added +20.5k +20,541
12 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,010,2381.0m $50.3m $50.3m 0.01% Added +39.8k +39,802
13 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 872,694872.7k $43.4m $43.4m 0.06% Added +21.7k +21,734
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 858,092858.1k $42.7m $42.7m 0.03% Added +24.6k +24,597
15 Concurrent Investment Advisors, LLC 0.71% of their portfolio Tampa, FL 824,883824.9k $41.1m $41.1m 0.71% Added +49.4k +49,358
16 Clearwater Capital Advisors, LLC 3.42% of their portfolio HOFFMAN ESTATES, IL 806,953807.0k $40.2m $40.2m 3.42% Added +51.5k +51,460
17 Csenge Advisory Group 1.83% of their portfolio CLEARWATER, FL 768,104768.1k $38.2m $38.2m 1.83% Added +31.6k +31,611
18 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 744,453744.5k $37.1m $37.1m 0.04% Added +47.1k +47,060
19 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 709,927709.9k $35.3m $35.3m 0.03% Added +160.2k +160,172
20 Vestmark Advisory Solutions, Inc. 0.57% of their portfolio Wakefield, MA 605,360605.4k $30.1m $30.1m 0.57% Added +242.2k +242,154
21 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 540,732540.7k $26.9m $26.9m 0.04% Added +34.5k +34,526
22 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 536,250536.2k $26.7m $26.7m 0.07% Added +90.6k +90,575
23 Heck Capital Advisors, LLC 1.89% of their portfolio Rhinelander, WI 490,043490.0k $24.4m $24.4m 1.89% Added +37.0k +36,956
24 Trilogy Capital Inc. 1.12% of their portfolio IRVINE, CA 488,069488.1k $24.3m $24.3m 1.12% Reduced -15.0k -15,037
25 HARBOUR INVESTMENTS, INC. 0.55% of their portfolio MADISON, WI 483,600483.6k $24.1m $24.1m 0.55% Added +14.0k +13,995
26 Prospera Financial Services Inc 0.38% of their portfolio Dallas, TX 450,878450.9k $22.5m $22.5m 0.38% Added +7.5k +7,541
27 ELEVATION POINT WEALTH PARTNERS, LLC 1.56% of their portfolio DENVER, CO 449,405449.4k $22.4m $22.4m 1.56% New
28 Brookstone Capital Management 0.26% of their portfolio WHEATON, IL 434,141434.1k $21.6m $21.6m 0.26% Reduced -7.6k -7,553
29 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 431,911431.9k $21.5m $21.5m 0.03% Added +24.8k +24,782
30 INSPIRION WEALTH ADVISORS, LLC 2.94% of their portfolio LIBERTYVILLE, IL 424,638424.6k $21.0m $21.0m 2.94% Added +2.2k +2,188
31 Harvest Investment Services, LLC 4.22% of their portfolio Oakbrook Terrace, IL 420,909420.9k $21.0m $21.0m 4.22% Reduced -27.4k -27,352
32 SEARCY FINANCIAL SERVICES INC /ADV 7.71% of their portfolio OVERLAND PARK, KS 407,431407.4k $20.3m $20.3m 7.71% Added +12.1k +12,081
33 &PARTNERS 0.12% of their portfolio NASHVILLE, TN 384,407384.4k $19.1m $19.1m 0.12% Added +23.3k +23,264
34 Integrated Wealth Concepts LLC 0.16% of their portfolio WALTHAM, MA 366,056366.1k $18.2m $18.2m 0.16% Added +40.7k +40,739
35 Aaron Wealth Advisors LLC 1.05% of their portfolio Chicago, IL 350,126350.1k $17.4m $17.4m 1.05% Reduced -7.1k -7,060
36 STEPHENS INC /AR/ 0.22% of their portfolio LITTLE ROCK, AR 349,036349.0k $17.4m $17.4m 0.22% Added +4.6k +4,564
37 CWM, LLC 0.05% of their portfolio OMAHA, NE 343,112343.1k $17.1m $17.1m 0.05% Reduced -2.3k -2,273
38 Walkner Condon Financial Advisors LLC 2.69% of their portfolio MADISON, WI 340,384340.4k $16.9m $16.9m 2.69% Added +32.9k +32,853
39 American Financial Advisors, LLC 2.16% of their portfolio Marietta, GA 337,449337.4k $16.8m $16.8m 2.16% Reduced -3.8k -3,768
40 TL Private Wealth 6.59% of their portfolio SOUTHLAKE, TX 328,364328.4k $16.4m $16.4m 6.59% Added +29.9k +29,884
41 CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.54% of their portfolio PASADENA, CA 326,769326.8k $16.3m $16.3m 0.54% Added +20.6k +20,642
42 KESTRA PRIVATE WEALTH SERVICES, LLC 0.21% of their portfolio AUSTIN, TX 316,895316.9k $15.8m $15.8m 0.21% Reduced -16.1k -16,144
43 Financial Enhancement Group LLC 2.07% of their portfolio ANDERSON, IN 309,533309.5k $15.4m $15.4m 2.07% Reduced -59.5k -59,506
44 Geneos Wealth Management Inc. 0.39% of their portfolio ENGLEWOOD, CO 307,790307.8k $15.3m $15.3m 0.39% Added +2.2k +2,156
45 NewEdge Advisors, LLC 0.07% of their portfolio NEW ORLEANS, LA 306,104306.1k $15.2m $15.2m 0.07% Reduced -3.8k -3,796
46 Obermeyer Wealth Partners 0.71% of their portfolio ASPEN, CO 306,094306.1k $15.2m $15.2m 0.71% Added +6.8k +6,753
47 TD Capital Management LLC 1.37% of their portfolio MEMPHIS, TN 306,016306.0k $15.2m $15.2m 1.37% Reduced -4.7k -4,684
48 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 297,522297.5k $14.8m $14.8m 0.03% Added +45.5k +45,470
49 Fairvoy Private Wealth, LLC 3.33% of their portfolio BIRMINGHAM, AL 293,912293.9k $14.6m $14.6m 3.33% Reduced -18.3k -18,348
50 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 286,339286.3k $14.3m $14.3m 0.07% Added +24.9k +24,894
51 Atria Investments, Inc 0.16% of their portfolio Charlotte, NC 279,390279.4k $13.9m $13.9m 0.16% Added +13.5k +13,536
52 Prism Advisors, Inc. 3.72% of their portfolio STUDIO CITY, CA 276,508276.5k $13.8m $13.8m 3.72% Added +13.3k +13,284
53 IFP Advisors, Inc 0.35% of their portfolio TAMPA, FL 274,132274.1k $13.6m $13.6m 0.35% Added +49.9k +49,906
54 Long Run Wealth Advisors, LLC 2.65% of their portfolio Lake Placid, NY 270,686270.7k $13.5m $13.5m 2.65% Added +21.5k +21,540
55 Mariner, LLC 0.02% of their portfolio Overland Park, KS 266,390266.4k $13.3m $13.3m 0.02% Reduced -3.1k -3,051
56 Petix & Botte Co 3.00% of their portfolio LA MESA, CA 260,771260.8k $13.0m $13.0m 3.00% Reduced -16.4k -16,442
57 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 254,668254.7k $12.7m $12.7m 0.02% Reduced -245.0k -245,038
58 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 247,378247.4k $12.3m $12.3m 0.01% Added +94.7k +94,684
59 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 246,848246.8k $12.3m $12.3m 0.02% Reduced -14.6k -14,598
60 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 246,566246.6k $12.3m $12.3m 0.06% Added +11.7k +11,672
61 Foundations Investment Advisors, LLC 0.18% of their portfolio PHOENIX, AZ 245,931245.9k $12.2m $12.2m 0.18% Reduced -1.6k -1,587
62 Weitzel Financial Services, Inc. 4.93% of their portfolio DUBUQUE, IA 242,730242.7k $12.1m $12.1m 4.93% Added +6.1k +6,123
63 Secure Asset Management, LLC 1.98% of their portfolio Troy, MI 240,724240.7k $12.0m $12.0m 1.98% Added +45.9k +45,942
64 Steward Partners Investment Advisory, LLC 0.07% of their portfolio STAMFORD, CT 228,806228.8k $11.4m $11.4m 0.07% Added +80.3k +80,344
65 MRA Advisory Group 4.86% of their portfolio PARSIPPANY, NJ 223,918223.9k $11.1m $11.1m 4.86% Added +24.5k +24,454
66 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 218,938218.9k $10.9m $10.9m 0.03% Added +12.0k +11,976
67 PFS Partners, LLC 5.12% of their portfolio MINE HILL, NJ 216,021216.0k $10.8m $10.8m 5.12% Added +5.0k +4,993
68 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 215,506215.5k $10.7m $10.7m 0.03% Reduced -5.9k -5,877
69 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 211,785211.8k $10.5m $10.5m 0.01% Added +15.5k +15,456
70 First International Bank & Trust 3.56% of their portfolio WATFORD CITY, ND 205,968206.0k $10.3m $10.3m 3.56% Reduced -4.9k -4,858
71 Mutual Advisors, LLC 0.22% of their portfolio OMAHA, NE 202,635202.6k $10.1m $10.1m 0.22% Added +108.8k +108,838
72 Redhawk Wealth Advisors, Inc. 1.17% of their portfolio MINNEAPOLIS, MN 201,857201.9k $10.1m $10.1m 1.17% Added +26.3k +26,257
73 ADAMSBROWN WEALTH CONSULTANTS LLC 2.69% of their portfolio WICHITA, KS 196,199196.2k $9.8m $9.8m 2.69% Added +84.3k +84,306
74 BELLEVUE ASSET MANAGEMENT, LLC 4.41% of their portfolio BELLEVUE, WA 192,509192.5k $9.6m $9.6m 4.41% Added +15.7k +15,731
75 COMERICA BANK 0.04% of their portfolio DALLAS, TX 191,951192.0k $9.6m $9.6m 0.04% Added +1.8k +1,793
76 Grove Bank & Trust 1.10% of their portfolio Miami, FL 188,014188.0k $9.4m $9.4m 1.10% Added +31.2k +31,237
77 Ameritas Investment Partners, Inc. 0.28% of their portfolio LINCOLN, NE 187,019187.0k $9.3m $9.3m 0.28% Added +15.0k +14,960
78 Kingsview Wealth Management, LLC 0.14% of their portfolio GRANTS PASS, OR 181,713181.7k $9.0m $9.0m 0.14% Reduced -6.9k -6,868
79 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 179,487179.5k $8.9m $8.9m 0.01% Added +572 +572
80 Darwin Wealth Management, LLC 2.74% of their portfolio TAMPA, FL 173,032173.0k $8.6m $8.6m 2.74% Added +2.3k +2,334
81 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 171,080171.1k $8.5m $8.5m 0.00% Added +43.7k +43,721
82 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 169,790169.8k $8.5m $8.5m 0.01% Reduced -81.0k -81,010
83 Per Stirling Capital Management, LLC. 0.94% of their portfolio AUSTIN, TX 157,126157.1k $7.8m $7.8m 0.94% Added +80.0k +80,037
84 LexAurum Advisors, LLC 1.10% of their portfolio OVERLAND PARK, KS 155,966156.0k $7.8m $7.8m 1.10% Added +2.7k +2,692
85 TCP Asset Management, LLC 1.36% of their portfolio Upper Arlington, OH 153,377153.4k $7.6m $7.6m 1.36% Added +6.8k +6,795
86 Ashton Thomas Private Wealth, LLC 0.20% of their portfolio SCOTTSDALE, AZ 151,101151.1k $7.5m $7.5m 0.20% Added +23.0k +22,969
87 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 150,764150.8k $7.5m $7.5m 0.03% Reduced -319 -319
88 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 148,934148.9k $7.4m $7.4m 0.01% Added +15.1k +15,113
89 RiverTree Advisors, LLC 4.60% of their portfolio WINTER PARK, FL 144,149144.1k $7.2m $7.2m 4.60% Added +40.9k +40,894
90 EdgeRock Capital LLC 1.95% of their portfolio DENVER, CO 140,787140.8k $7.0m $7.0m 1.95% Added +3.4k +3,396
91 Clear Creek Financial Management, LLC 0.61% of their portfolio SILVERDALE, WA 140,391140.4k $7.0m $7.0m 0.61% Added +17.2k +17,180
92 EWG Elevate Inc. 2.14% of their portfolio ROSEVILLE, CA 137,579137.6k $6.9m $6.9m 2.14% Reduced -66.1k -66,123
93 Mainsail Financial Group, LLC 2.94% of their portfolio BELLEVUE, WA 137,529137.5k $6.8m $6.8m 2.94% Added +9.6k +9,626
94 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 135,602135.6k $6.8m $6.8m 0.04% Added +4.3k +4,302
95 Fairway Financial, LLC 5.28% of their portfolio CASSELBERRY, FL 134,444134.4k $6.7m $6.7m 5.28% Added +2.0k +2,014
96 Entruity Wealth, LLC 5.17% of their portfolio BAKERSFIELD, CA 133,733133.7k $6.7m $6.7m 5.17% Added +7.0k +7,011
97 Lunt Capital Management, Inc. 2.51% of their portfolio HOLLADAY, UT 132,039132.0k $6.6m $6.6m 2.51% Reduced -2.5k -2,513
98 Triumph Capital Management 1.76% of their portfolio DENVER, CO 131,094131.1k $6.5m $6.5m 1.76% Added +15.3k +15,317
99 IMA Advisory Services, Inc. 0.66% of their portfolio DENVER, CO 130,805130.8k $6.5m $6.5m 0.66% Added +102 +102
100 Centennial Wealth Advisory LLC 1.76% of their portfolio Traverse City, MI 126,788126.8k $6.3m $6.3m 1.76% Added +44.0k +43,952