Vault-13

FIRST TR EXCHANGE-TRADED FD LMBS

FST LOW OPPT EFT · ETP · CUSIP 33739Q200

433 institutional holders +33 vs Q3 2025
89,672,82289.7m shares reported held*
$4.5bnreported value*
36 new 188 added 148 reduced 20 sold out net bought ≈ $241.6m (+4.9m 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 ($18.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.00. Options: 1 managers hold calls ($249.9k notional), 0 hold puts (—).

Trends to Q4 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: 400Q4 25: 433433Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025433

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 227 bought or addedQ3 25: 173 cut or sold outQ4 25: 224 bought or addedQ4 25: 168 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024175193
Q2 2024187186
Q3 2024213164
Q4 2024199176
Q1 2025218180
Q2 2025195201
Q3 2025227173
Q4 2025224168

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ1 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 0.00Q4 25 calls: $249.9kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$245.8k$00.00
Q2 2025$330.0k$00.00
Q3 2025$248.9k$00.00
Q4 2025$249.9k$00.00

Biggest buyers

HighTower Advisors, LLC Added +709,693+709.7k
JANE STREET GROUP, LLC New +668,153+668.2k
Concurrent Investment Advisors, LLC Added +382,941+382.9k
W1M Asset Management Ltd New +362,799+362.8k
MORGAN STANLEY Added +338,741+338.7k
Harvest Investment Services, LLC Added +319,467+319.5k
ASSETMARK, INC Added +312,850+312.9k
Private Advisor Group, LLC Added +258,642+258.6k
RAYMOND JAMES FINANCIAL INC Added +256,318+256.3k
ROYAL BANK OF CANADA Added +199,486+199.5k

Biggest sellers

Financial Enhancement Group LLC Sold out -309,533-309.5k
OSAIC HOLDINGS, INC. Reduced -199,773-199.8k
ENVESTNET ASSET MANAGEMENT INC Reduced -191,237-191.2k
Steward Partners Investment Advisory, LLC Reduced -156,800-156.8k
Kingsview Wealth Management, LLC Reduced -149,035-149.0k
RENAISSANCE TECHNOLOGIES LLC Reduced -124,090-124.1k
ELEVATION POINT WEALTH PARTNERS, LLC Reduced -113,329-113.3k
Geneos Wealth Management Inc. Reduced -109,690-109.7k
LPL Financial LLC Reduced -99,549-99.5k
BostonPremier Wealth LLC Reduced -95,422-95.4k

Biggest calls

CITADEL ADVISORS LLC Unchanged $249.9k5.0k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 14,150,59714.2m $707.4m $707.4m 0.04% Added +338.7k +338,741
2 LPL Financial LLC 0.16% of their portfolio FORT MILL, SC 11,511,06311.5m $575.4m $575.4m 0.16% Reduced -99.5k -99,549
3 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 5,522,0205.5m $276.0m $276.0m 0.05% Added +87.6k +87,626
4 UBS Group AG 0.05% of their portfolio ZURICH, V8 4,611,6404.6m $230.5m $230.5m 0.05% Reduced -18.5k -18,512
5 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 4,066,7364.1m $203.3m $203.3m 0.06% Added +256.3k +256,318
6 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 2,870,1412.9m $143.5m $143.5m 0.03% Added +199.5k +199,486
7 Cetera Investment Advisers 0.13% of their portfolio SCHAUMBURG, IL 2,380,0792.4m $119.0m $119.0m 0.13% Reduced -61.2k -61,211
8 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,789,2921.8m $89.4m $89.4m 0.01% Reduced -88.0k -88,026
9 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 1,454,1461.5m $72.7m $72.7m 0.08% Added +709.7k +709,693
10 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 1,321,4541.3m $66.1m $66.1m 0.05% Added +88.8k +88,839
11 Concurrent Investment Advisors, LLC 0.69% of their portfolio Tampa, FL 1,207,8241.2m $60.4m $60.4m 0.69% Added +382.9k +382,941
12 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 1,176,3181.2m $58.8m $58.8m 0.08% Added +152.2k +152,234
13 Berger Financial Group, Inc 3.06% of their portfolio PLYMOUTH, MN 1,054,9291.1m $52.7m $52.7m 3.06% Added +43.2k +43,188
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 1,046,6141.0m $52.3m $52.3m 0.03% Added +188.5k +188,522
15 Clearwater Capital Advisors, LLC 3.55% of their portfolio HOFFMAN ESTATES, IL 852,617852.6k $42.6m $42.6m 3.55% Added +45.7k +45,664
16 Csenge Advisory Group 1.86% of their portfolio CLEARWATER, FL 821,151821.2k $41.0m $41.0m 1.86% Added +53.0k +53,047
17 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 819,001819.0k $40.9m $40.9m 0.01% Reduced -191.2k -191,237
18 Harvest Investment Services, LLC 6.98% of their portfolio Oakbrook Terrace, IL 740,376740.4k $37.0m $37.0m 6.98% Added +319.5k +319,467
19 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 734,499734.5k $36.7m $36.7m 0.03% Added +24.6k +24,572
20 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 672,921672.9k $33.6m $33.6m 0.05% Reduced -199.8k -199,773
21 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 668,153668.2k $33.4m $33.4m 0.04% New
22 ASSETMARK, INC 0.06% of their portfolio CONCORD, CA 610,372610.4k $30.5m $30.5m 0.06% Added +312.9k +312,850
23 Vestmark Advisory Solutions, Inc. 0.38% of their portfolio Wakefield, MA 560,913560.9k $28.0m $28.0m 0.38% Reduced -44.4k -44,447
24 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 555,539555.5k $27.8m $27.8m 0.07% Added +19.3k +19,289
25 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 554,218554.2k $27.7m $27.7m 0.04% Added +13.5k +13,486
26 Private Advisor Group, LLC 0.13% of their portfolio MORRISTOWN, NJ 544,981545.0k $27.2m $27.2m 0.13% Added +258.6k +258,642
27 Heck Capital Advisors, LLC 1.98% of their portfolio Rhinelander, WI 531,187531.2k $26.6m $26.6m 1.98% Added +41.1k +41,144
28 HARBOUR INVESTMENTS, INC. 0.54% of their portfolio MADISON, WI 528,903528.9k $26.4m $26.4m 0.54% Added +45.3k +45,303
29 Trilogy Capital Inc. 1.10% of their portfolio IRVINE, CA 490,777490.8k $24.5m $24.5m 1.10% Added +2.7k +2,708
30 Aaron Wealth Advisors LLC 1.27% of their portfolio Chicago, IL 458,338458.3k $22.9m $22.9m 1.27% Added +108.2k +108,212
31 Brookstone Capital Management 0.26% of their portfolio WHEATON, IL 452,717452.7k $22.6m $22.6m 0.26% Added +18.6k +18,576
32 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 435,016435.0k $21.7m $21.7m 0.03% Added +3.1k +3,105
33 Prospera Financial Services Inc 0.36% of their portfolio Dallas, TX 434,569434.6k $21.7m $21.7m 0.36% Reduced -16.3k -16,309
34 SEARCY FINANCIAL SERVICES INC /ADV 7.82% of their portfolio OVERLAND PARK, KS 422,173422.2k $21.1m $21.1m 7.82% Added +14.7k +14,742
35 Walkner Condon Financial Advisors LLC 2.92% of their portfolio MADISON, WI 420,927420.9k $21.0m $21.0m 2.92% Added +80.5k +80,543
36 INSPIRION WEALTH ADVISORS, LLC 2.50% of their portfolio LIBERTYVILLE, IL 408,340408.3k $20.4m $20.4m 2.50% Reduced -16.3k -16,298
37 &PARTNERS 0.11% of their portfolio NASHVILLE, TN 403,411403.4k $20.2m $20.2m 0.11% Added +19.0k +19,004
38 CWM, LLC 0.05% of their portfolio OMAHA, NE 389,913389.9k $19.5m $19.5m 0.05% Added +46.8k +46,801
39 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 382,459382.5k $19.1m $19.1m 0.01% Added +135.1k +135,081
40 KESTRA PRIVATE WEALTH SERVICES, LLC 0.23% of their portfolio AUSTIN, TX 376,414376.4k $18.8m $18.8m 0.23% Added +59.5k +59,519
41 W1M Asset Management Ltd 0.19% of their portfolio London, X0 362,799362.8k $18.1m $18.1m 0.19% New
42 STEPHENS INC /AR/ 0.22% of their portfolio LITTLE ROCK, AR 358,591358.6k $17.9m $17.9m 0.22% Added +9.6k +9,555
43 American Financial Advisors, LLC 2.22% of their portfolio Marietta, GA 344,676344.7k $17.2m $17.2m 2.22% Added +7.2k +7,227
44 ELEVATION POINT WEALTH PARTNERS, LLC 0.81% of their portfolio DENVER, CO 336,076336.1k $16.8m $16.8m 0.81% Reduced -113.3k -113,329
45 TL Private Wealth 6.43% of their portfolio SOUTHLAKE, TX 332,800332.8k $16.7m $16.7m 6.43% Added +4.4k +4,436
46 Mariner, LLC 0.02% of their portfolio Overland Park, KS 329,446329.4k $16.5m $16.5m 0.02% Added +63.1k +63,056
47 Obermeyer Wealth Partners 0.74% of their portfolio ASPEN, CO 325,074325.1k $16.3m $16.3m 0.74% Added +19.0k +18,980
48 Integrated Wealth Concepts LLC 0.19% of their portfolio WALTHAM, MA 321,590321.6k $16.1m $16.1m 0.19% Reduced -44.5k -44,466
49 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 321,010321.0k $16.0m $16.0m 0.06% Added +14.9k +14,906
50 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 314,039314.0k $15.7m $15.7m 0.03% Added +59.4k +59,371
51 TD Capital Management LLC 1.36% of their portfolio MEMPHIS, TN 307,367307.4k $15.4m $15.4m 1.36% Added +1.4k +1,351
52 IFP Advisors, Inc 0.34% of their portfolio TAMPA, FL 306,917306.9k $15.3m $15.3m 0.34% Added +32.8k +32,785
53 Prism Advisors, Inc. 4.07% of their portfolio STUDIO CITY, CA 305,394305.4k $15.3m $15.3m 4.07% Added +28.9k +28,886
54 CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.50% of their portfolio PASADENA, CA 303,153303.2k $15.2m $15.2m 0.50% Reduced -23.6k -23,616
55 Fairvoy Private Wealth, LLC 3.34% of their portfolio BIRMINGHAM, AL 298,570298.6k $14.9m $14.9m 3.34% Added +4.7k +4,658
56 Clear Creek Financial Management, LLC 1.20% of their portfolio SILVERDALE, WA 293,949293.9k $14.7m $14.7m 1.20% Added +153.6k +153,558
57 Long Run Wealth Advisors, LLC 2.63% of their portfolio Lake Placid, NY 279,354279.4k $14.0m $14.0m 2.63% Added +8.7k +8,668
58 Atria Investments, Inc 0.16% of their portfolio Charlotte, NC 276,883276.9k $13.8m $13.8m 0.16% Reduced -2.5k -2,507
59 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 271,343271.3k $13.6m $13.6m 0.06% Added +24.8k +24,777
60 Secure Asset Management, LLC 1.99% of their portfolio Troy, MI 252,620252.6k $12.6m $12.6m 1.99% Added +11.9k +11,896
61 Weitzel Financial Services, Inc. 4.84% of their portfolio DUBUQUE, IA 250,129250.1k $12.5m $12.5m 4.84% Added +7.4k +7,399
62 Foundations Investment Advisors, LLC 0.16% of their portfolio PHOENIX, AZ 244,164244.2k $12.2m $12.2m 0.16% Reduced -1.8k -1,767
63 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 241,809241.8k $12.1m $12.1m 0.02% Reduced -5.0k -5,039
64 MRA Advisory Group 4.89% of their portfolio PARSIPPANY, NJ 232,834232.8k $11.6m $11.6m 4.89% Added +8.9k +8,916
65 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 226,402226.4k $11.3m $11.3m 0.03% Added +7.5k +7,464
66 Petix & Botte Co 2.56% of their portfolio LA MESA, CA 226,042226.0k $11.3m $11.3m 2.56% Reduced -34.7k -34,729
67 ADAMSBROWN WEALTH CONSULTANTS LLC 3.11% of their portfolio WICHITA, KS 223,431223.4k $11.2m $11.2m 3.11% Added +27.2k +27,232
68 PFS Partners, LLC 5.04% of their portfolio MINE HILL, NJ 219,832219.8k $11.0m $11.0m 5.04% Added +3.8k +3,811
69 Carter Financial, LLC 9.17% of their portfolio LA JOLLA, CA 207,798207.8k $10.4m $10.4m 9.17% First filing
70 AXXCESS WEALTH MANAGEMENT, LLC 0.18% of their portfolio CARLSBAD, CA 205,922205.9k $10.3m $10.3m 0.18% Added +181.5k +181,493
71 Redhawk Wealth Advisors, Inc. 1.15% of their portfolio MINNEAPOLIS, MN 204,734204.7k $10.2m $10.2m 1.15% Added +2.9k +2,877
72 Geneos Wealth Management Inc. 0.24% of their portfolio ENGLEWOOD, CO 198,100198.1k $9.9m $9.9m 0.24% Reduced -109.7k -109,690
73 Ameritas Investment Partners, Inc. 0.30% of their portfolio LINCOLN, NE 197,785197.8k $9.9m $9.9m 0.30% Added +10.8k +10,766
74 Grove Bank & Trust 1.11% of their portfolio Miami, FL 196,710196.7k $9.8m $9.8m 1.11% Added +8.7k +8,696
75 BELLEVUE ASSET MANAGEMENT, LLC 3.09% of their portfolio BELLEVUE, WA 191,267191.3k $9.6m $9.6m 3.09% Reduced -1.2k -1,242
76 Carrera Capital Advisors 1.59% of their portfolio TROY, MI 189,556189.6k $9.5m $9.5m 1.59% Added +182.1k +182,123
77 COMERICA BANK 0.04% of their portfolio DALLAS, TX 187,988188.0k $9.4m $9.4m 0.04% Reduced -4.0k -3,963
78 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 179,348179.3k $9.0m $9.0m 0.01% Reduced -139 -139
79 Ameritas Advisory Services, LLC 0.33% of their portfolio Lincoln, NE 179,328179.3k $9.0m $9.0m 0.33% Added +102.4k +102,433
80 Wealth Enhancement Trust Services, Inc. 1.10% of their portfolio SIOUX FALLS, SD 174,797174.8k $8.7m $8.7m 1.10% First filing
81 Darwin Wealth Management, LLC 2.71% of their portfolio TAMPA, FL 174,461174.5k $8.7m $8.7m 2.71% Added +1.4k +1,429
82 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 173,158173.2k $8.7m $8.7m 0.02% Reduced -42.3k -42,348
83 RiverTree Advisors, LLC 5.44% of their portfolio WINTER PARK, FL 170,712170.7k $8.5m $8.5m 5.44% Added +26.6k +26,563
84 Per Stirling Capital Management, LLC. 0.95% of their portfolio AUSTIN, TX 168,475168.5k $8.4m $8.4m 0.95% Added +11.3k +11,349
85 TCP Asset Management, LLC 1.41% of their portfolio Upper Arlington, OH 167,591167.6k $8.4m $8.4m 1.41% Added +14.2k +14,214
86 Ashton Thomas Private Wealth, LLC 0.20% of their portfolio SCOTTSDALE, AZ 166,379166.4k $8.3m $8.3m 0.20% Added +15.3k +15,278
87 Friedenthal Financial 4.26% of their portfolio MARLTON, NJ 165,186165.2k $8.3m $8.3m 4.26% Added +89.7k +89,706
88 Mutual Advisors, LLC 0.16% of their portfolio OMAHA, NE 152,785152.8k $7.6m $7.6m 0.16% Reduced -49.9k -49,850
89 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 151,581151.6k $7.6m $7.6m 0.01% Added +2.6k +2,647
90 Mainsail Financial Group, LLC 3.02% of their portfolio BELLEVUE, WA 145,095145.1k $7.3m $7.3m 3.02% Added +7.6k +7,566
91 EdgeRock Capital LLC 1.92% of their portfolio DENVER, CO 144,209144.2k $7.2m $7.2m 1.92% Added +3.4k +3,422
92 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 143,658143.7k $7.2m $7.2m 0.03% Reduced -7.1k -7,106
93 Fairway Financial, LLC 5.26% of their portfolio CASSELBERRY, FL 139,520139.5k $7.0m $7.0m 5.26% Added +5.1k +5,076
94 IMA Advisory Services, Inc. 0.67% of their portfolio DENVER, CO 139,042139.0k $7.0m $7.0m 0.67% Added +8.2k +8,237
95 WESBANCO BANK INC 0.19% of their portfolio WHEELING, WV 139,011139.0k $6.9m $6.9m 0.19% Added +31.0k +30,999
96 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 138,106138.1k $6.9m $6.9m 0.04% Added +2.5k +2,504
97 Triumph Capital Management 1.47% of their portfolio DENVER, CO 136,142136.1k $6.8m $6.8m 1.47% Added +5.0k +5,048
98 BENJAMIN EDWARDS INC 0.07% of their portfolio Clayton, MO 134,804134.8k $6.7m $6.7m 0.07% Added +26.3k +26,301
99 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 133,802133.8k $6.7m $6.7m 0.00% Reduced -78.0k -77,983
100 Centennial Wealth Advisory LLC 1.74% of their portfolio Traverse City, MI 131,790131.8k $6.6m $6.6m 1.74% Added +5.0k +5,002