Vault-13

FIRST TR EXCHANGE-TRADED FD LMBS

FST LOW OPPT EFT · ETP · CUSIP 33739Q200

447 institutional holders +14 vs Q4 2025
96,175,20896.2m shares reported held*
$4.8bnreported value*
44 new 217 added 140 reduced 30 sold out net bought ≈ $338.2m (+6.7m 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 ($14.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.86.

Trends to Q1 2026

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: 433Q1 26: 447447Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026447

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q4 25: 224 bought or addedQ4 25: 168 cut or sold outQ1 26: 261 bought or addedQ1 26: 170 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024187186
Q3 2024213164
Q4 2024199176
Q1 2025218180
Q2 2025195201
Q3 2025227173
Q4 2025224168
Q1 2026261170

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ2 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 0.00Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —
Numbers
QuarterCallsPutsP/C
Q2 2025$330.0k$00.00
Q3 2025$248.9k$00.00
Q4 2025$249.9k$00.00
Q1 2026$0$0—

Biggest buyers

MORGAN STANLEY Added +1,202,229+1.2m
LPL Financial LLC Added +825,743+825.7k
HighTower Advisors, LLC Added +416,479+416.5k
ROYAL BANK OF CANADA Added +372,725+372.7k
Commonwealth Financial Services, LLC Added +289,982+290.0k
COMMONWEALTH EQUITY SERVICES, LLC Added +283,481+283.5k
Independent Advisor Alliance Added +266,550+266.6k
JONES FINANCIAL COMPANIES LLLP Added +261,005+261.0k
WELLS FARGO & COMPANY/MN Added +260,894+260.9k
MERCER GLOBAL ADVISORS INC /ADV Added +250,784+250.8k

Biggest sellers

JANE STREET GROUP, LLC Reduced -581,190-581.2k
Mariner, LLC Reduced -231,930-231.9k
Atria Investments, Inc Reduced -223,847-223.8k
AXXCESS WEALTH MANAGEMENT, LLC Sold out -205,922-205.9k
STEPHENS INC /AR/ Reduced -195,848-195.8k
ELEVATION POINT WEALTH PARTNERS, LLC Reduced -149,067-149.1k
Vestmark Advisory Solutions, Inc. Reduced -143,946-143.9k
CITADEL ADVISORS LLC Sold out -133,802-133.8k
Petix & Botte Co Reduced -119,288-119.3k
Coppell Advisory Solutions LLC Sold out -90,743-90.7k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 15,352,82615.4m $764.7m $764.7m 0.05% Added +1.2m +1,202,229
2 LPL Financial LLC 0.16% of their portfolio FORT MILL, SC 12,336,80612.3m $614.5m $614.5m 0.16% Added +825.7k +825,743
3 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 5,782,9145.8m $288.0m $288.0m 0.06% Added +260.9k +260,894
4 UBS Group AG 0.04% of their portfolio ZURICH, V8 4,736,1954.7m $235.9m $235.9m 0.04% Added +124.6k +124,555
5 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 4,106,5694.1m $204.5m $204.5m 0.06% Added +39.8k +39,833
6 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 3,242,8663.2m $161.5m $161.5m 0.03% Added +372.7k +372,725
7 Cetera Investment Advisers 0.14% of their portfolio SCHAUMBURG, IL 2,551,7272.6m $127.1m $127.1m 0.14% Added +171.6k +171,648
8 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,001,5502.0m $99.7m $99.7m 0.01% Added +212.3k +212,258
9 HighTower Advisors, LLC 0.10% of their portfolio CHICAGO, IL 1,870,6251.9m $93.2m $93.2m 0.10% Added +416.5k +416,479
10 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 1,520,8801.5m $75.8m $75.8m 0.05% Added +199.4k +199,426
11 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 1,459,7991.5m $72.7m $72.7m 0.10% Added +283.5k +283,481
12 Concurrent Investment Advisors, LLC 0.77% of their portfolio Tampa, FL 1,424,8401.4m $71.0m $71.0m 0.77% Added +217.0k +217,016
13 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 1,222,2531.2m $60.9m $60.9m 0.04% Added +175.6k +175,639
14 Berger Financial Group, Inc 3.15% of their portfolio PLYMOUTH, MN 1,127,6891.1m $56.2m $56.2m 3.15% Added +72.8k +72,760
15 Clearwater Capital Advisors, LLC 3.65% of their portfolio HOFFMAN ESTATES, IL 909,130909.1k $45.3m $45.3m 3.65% Added +56.5k +56,513
16 Harvest Investment Services, LLC 8.16% of their portfolio Oakbrook Terrace, IL 895,651895.7k $44.6m $44.6m 8.16% Added +155.3k +155,275
17 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 882,346882.3k $43.9m $43.9m 0.01% Added +63.3k +63,345
18 Csenge Advisory Group 1.90% of their portfolio CLEARWATER, FL 833,477833.5k $41.5m $41.5m 1.90% Added +12.3k +12,326
19 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 740,868740.9k $36.9m $36.9m 0.10% Added +185.3k +185,329
20 HARBOUR INVESTMENTS, INC. 0.56% of their portfolio MADISON, WI 730,620730.6k $36.4m $36.4m 0.56% Added +201.7k +201,717
21 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 706,891706.9k $35.2m $35.2m 0.03% Reduced -27.6k -27,608
22 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 692,483692.5k $34.5m $34.5m 0.05% Added +19.6k +19,562
23 ASSETMARK, INC 0.07% of their portfolio CONCORD, CA 657,287657.3k $32.7m $32.7m 0.07% Added +46.9k +46,915
24 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 643,464643.5k $31.9m $31.9m 0.02% Added +261.0k +261,005
25 Aaron Wealth Advisors LLC 1.76% of their portfolio Chicago, IL 610,228610.2k $30.4m $30.4m 1.76% Added +151.9k +151,890
26 Private Advisor Group, LLC 0.14% of their portfolio MORRISTOWN, NJ 584,447584.4k $29.1m $29.1m 0.14% Added +39.5k +39,466
27 Trilogy Capital Inc. 1.24% of their portfolio IRVINE, CA 558,041558.0k $27.8m $27.8m 1.24% Added +67.3k +67,264
28 Prospera Financial Services Inc 0.43% of their portfolio Dallas, TX 536,683536.7k $26.7m $26.7m 0.43% Added +102.1k +102,114
29 Heck Capital Advisors, LLC 1.95% of their portfolio Rhinelander, WI 528,378528.4k $26.3m $26.3m 1.95% Reduced -2.8k -2,809
30 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 514,944514.9k $25.6m $25.6m 0.04% Reduced -39.3k -39,274
31 CWM, LLC 0.06% of their portfolio OMAHA, NE 483,115483.1k $24.1m $24.1m 0.06% Added +93.2k +93,202
32 Brookstone Capital Management 0.26% of their portfolio WHEATON, IL 452,617452.6k $22.5m $22.5m 0.26% Reduced -100 -100
33 Integrated Wealth Concepts LLC 0.18% of their portfolio WALTHAM, MA 447,057447.1k $22.3m $22.3m 0.18% Added +125.5k +125,467
34 SEARCY FINANCIAL SERVICES INC /ADV 8.07% of their portfolio OVERLAND PARK, KS 437,090437.1k $21.8m $21.8m 8.07% Added +14.9k +14,917
35 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 435,659435.7k $21.7m $21.7m 0.03% Added +643 +643
36 Walkner Condon Financial Advisors LLC 2.85% of their portfolio MADISON, WI 434,819434.8k $21.7m $21.7m 2.85% Added +13.9k +13,892
37 Vestmark Advisory Solutions, Inc. 0.23% of their portfolio Wakefield, MA 416,967417.0k $20.8m $20.8m 0.23% Reduced -143.9k -143,946
38 KESTRA PRIVATE WEALTH SERVICES, LLC 0.25% of their portfolio AUSTIN, TX 405,775405.8k $20.2m $20.2m 0.25% Added +29.4k +29,361
39 &PARTNERS 0.10% of their portfolio NASHVILLE, TN 397,684397.7k $19.8m $19.8m 0.10% Reduced -5.7k -5,727
40 INSPIRION WEALTH ADVISORS, LLC 2.46% of their portfolio LIBERTYVILLE, IL 395,648395.6k $19.7m $19.7m 2.46% Reduced -12.7k -12,692
41 NewEdge Advisors, LLC 0.07% of their portfolio NEW ORLEANS, LA 389,763389.8k $19.4m $19.4m 0.07% Added +68.8k +68,753
42 W1M Asset Management Ltd 0.21% of their portfolio London, X0 379,432379.4k $18.9m $18.9m 0.21% Added +16.6k +16,633
43 Independent Advisor Alliance 0.20% of their portfolio CHARLOTTE, NC 374,703374.7k $18.7m $18.7m 0.20% Added +266.6k +266,550
44 Carrera Capital Advisors 2.72% of their portfolio TROY, MI 354,019354.0k $17.6m $17.6m 2.72% Added +164.5k +164,463
45 American Financial Advisors, LLC 2.28% of their portfolio Marietta, GA 343,764343.8k $17.1m $17.1m 2.28% Reduced -912 -912
46 TL Private Wealth 6.65% of their portfolio SOUTHLAKE, TX 337,106337.1k $16.9m $16.9m 6.65% Added +4.3k +4,306
47 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 318,440318.4k $15.9m $15.9m 0.03% Added +4.4k +4,401
48 Clear Creek Financial Management, LLC 1.21% of their portfolio SILVERDALE, WA 316,302316.3k $15.8m $15.8m 1.21% Added +22.4k +22,353
49 Fairvoy Private Wealth, LLC 3.75% of their portfolio BIRMINGHAM, AL 315,355315.4k $15.7m $15.7m 3.75% Added +16.8k +16,785
50 TD Capital Management LLC 1.41% of their portfolio MEMPHIS, TN 314,942314.9k $15.7m $15.7m 1.41% Added +7.6k +7,575
51 Prism Advisors, Inc. 4.14% of their portfolio STUDIO CITY, CA 311,459311.5k $15.5m $15.5m 4.14% Added +6.1k +6,065
52 Obermeyer Wealth Partners 0.70% of their portfolio ASPEN, CO 304,752304.8k $15.2m $15.2m 0.70% Reduced -20.3k -20,322
53 IFP Advisors, Inc 0.30% of their portfolio TAMPA, FL 295,168295.2k $14.7m $14.7m 0.30% Reduced -11.7k -11,749
54 Commonwealth Financial Services, LLC 2.32% of their portfolio VIENNA, WV 294,031294.0k $14.6m $14.6m 2.32% Added +290.0k +289,982
55 CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.49% of their portfolio PASADENA, CA 291,821291.8k $14.5m $14.5m 0.49% Reduced -11.3k -11,332
56 Secure Asset Management, LLC 2.19% of their portfolio Troy, MI 278,055278.1k $13.8m $13.8m 2.19% Added +25.4k +25,435
57 Weitzel Financial Services, Inc. 4.91% of their portfolio DUBUQUE, IA 263,945263.9k $13.0m $13.0m 4.91% Added +13.8k +13,816
58 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 260,475260.5k $13.0m $13.0m 0.05% Reduced -10.9k -10,868
59 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 258,680258.7k $12.9m $12.9m 0.02% Added +16.9k +16,871
60 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 255,771255.8k $12.7m $12.7m 0.02% Added +250.8k +250,784
61 ADAMSBROWN WEALTH CONSULTANTS LLC 3.32% of their portfolio WICHITA, KS 252,406252.4k $12.6m $12.6m 3.32% Added +29.0k +28,975
62 Centennial Wealth Advisory LLC 3.03% of their portfolio Traverse City, MI 250,985251.0k $12.5m $12.5m 3.03% Added +119.2k +119,195
63 Carter Financial, LLC 10.35% of their portfolio LA JOLLA, CA 238,837238.8k $11.9m $11.9m 10.35% Added +31.0k +31,039
64 Foundations Investment Advisors, LLC 0.15% of their portfolio PHOENIX, AZ 238,633238.6k $11.9m $11.9m 0.15% Reduced -5.5k -5,531
65 Per Stirling Capital Management, LLC. 1.29% of their portfolio AUSTIN, TX 234,889234.9k $11.7m $11.7m 1.29% Added +66.4k +66,414
66 Geneos Wealth Management Inc. 0.27% of their portfolio ENGLEWOOD, CO 234,206234.2k $11.7m $11.7m 0.27% Added +36.1k +36,106
67 Redhawk Wealth Advisors, Inc. 1.25% of their portfolio MINNEAPOLIS, MN 227,836227.8k $11.3m $11.3m 1.25% Added +23.1k +23,102
68 PFS Partners, LLC 5.13% of their portfolio MINE HILL, NJ 224,890224.9k $11.2m $11.2m 5.13% Added +5.1k +5,058
69 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 217,225217.2k $10.8m $10.8m 0.03% Reduced -9.2k -9,177
70 Grove Bank & Trust 1.17% of their portfolio Miami, FL 208,437208.4k $10.4m $10.4m 1.17% Added +11.7k +11,727
71 WESBANCO BANK INC 0.29% of their portfolio WHEELING, WV 206,776206.8k $10.3m $10.3m 0.29% Added +67.8k +67,765
72 Ameritas Investment Partners, Inc. 0.31% of their portfolio LINCOLN, NE 203,666203.7k $10.1m $10.1m 0.31% Added +5.9k +5,881
73 FIFTH THIRD BANCORP 0.02% of their portfolio CINCINNATI, OH 196,111196.1k $9.8m $9.8m 0.02% New
74 BELLEVUE ASSET MANAGEMENT, LLC 4.83% of their portfolio BELLEVUE, WA 193,738193.7k $9.7m $9.7m 4.83% Added +2.5k +2,471
75 Wealth Enhancement Trust Services, Inc. 1.15% of their portfolio SIOUX FALLS, SD 190,090190.1k $9.5m $9.5m 1.15% Added +15.3k +15,293
76 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 189,086189.1k $9.4m $9.4m 0.01% Added +37.5k +37,505
77 ELEVATION POINT WEALTH PARTNERS, LLC 0.22% of their portfolio DENVER, CO 187,009187.0k $9.3m $9.3m 0.22% Reduced -149.1k -149,067
78 Darwin Wealth Management, LLC 2.89% of their portfolio TAMPA, FL 186,130186.1k $9.3m $9.3m 2.89% Added +11.7k +11,669
79 Farther Finance Advisors, LLC 0.09% of their portfolio SAN FRANCISCO, CA 184,855184.9k $9.2m $9.2m 0.09% Added +67.2k +67,250
80 LexAurum Advisors, LLC 1.19% of their portfolio OVERLAND PARK, KS 184,095184.1k $9.2m $9.2m 1.19% First filing
81 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 182,012182.0k $9.1m $9.1m 0.02% Added +8.9k +8,854
82 Ashton Thomas Private Wealth, LLC 0.21% of their portfolio SCOTTSDALE, AZ 178,790178.8k $8.9m $8.9m 0.21% Added +12.4k +12,411
83 D.A. DAVIDSON & CO. 0.05% of their portfolio GREAT FALLS, MT 177,725177.7k $8.9m $8.9m 0.05% Added +39.6k +39,619
84 TCP Asset Management, LLC 1.10% of their portfolio Upper Arlington, OH 172,500172.5k $8.6m $8.6m 1.10% Added +4.9k +4,909
85 Mutual Advisors, LLC 0.18% of their portfolio OMAHA, NE 169,216169.2k $8.4m $8.4m 0.18% Added +16.4k +16,431
86 STEPHENS INC /AR/ 0.10% of their portfolio LITTLE ROCK, AR 162,743162.7k $8.1m $8.1m 0.10% Reduced -195.8k -195,848
87 Mainsail Financial Group, LLC 3.20% of their portfolio BELLEVUE, WA 154,233154.2k $7.7m $7.7m 3.20% Added +9.1k +9,138
88 Gateway Wealth Partners, LLC 0.30% of their portfolio APPLETON, WI 152,991153.0k $7.6m $7.6m 0.30% Added +69.5k +69,488
89 MRA Advisory Group 2.96% of their portfolio PARSIPPANY, NJ 145,652145.7k $7.3m $7.3m 2.96% Reduced -87.2k -87,182
90 EdgeRock Capital LLC 1.94% of their portfolio DENVER, CO 144,182144.2k $7.2m $7.2m 1.94% Reduced -27 -27
91 IMA Advisory Services, Inc. 0.69% of their portfolio DENVER, CO 142,243142.2k $7.1m $7.1m 0.69% Added +3.2k +3,201
92 Fairway Financial, LLC 5.38% of their portfolio CASSELBERRY, FL 142,132142.1k $7.1m $7.1m 5.38% Added +2.6k +2,612
93 OPPENHEIMER & CO INC 0.09% of their portfolio NEW YORK, NY 142,060142.1k $7.1m $7.1m 0.09% Added +45.1k +45,122
94 MGO ONE SEVEN LLC 0.14% of their portfolio Beachwood, OH 140,622140.6k $7.0m $7.0m 0.14% Added +19.3k +19,263
95 Triumph Capital Management 1.42% of their portfolio DENVER, CO 140,247140.2k $7.0m $7.0m 1.42% Added +4.1k +4,105
96 RiverTree Advisors, LLC 4.41% of their portfolio WINTER PARK, FL 139,931139.9k $7.0m $7.0m 4.41% Reduced -30.8k -30,781
97 Lunt Capital Management, Inc. 2.67% of their portfolio HOLLADAY, UT 139,471139.5k $6.9m $6.9m 2.67% Added +11.0k +11,015
98 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 138,702138.7k $6.9m $6.9m 0.01% Added +94.9k +94,900
99 Envestnet Portfolio Solutions, Inc. 0.04% of their portfolio BERWYN, PA 137,701137.7k $6.9m $6.9m 0.04% Reduced -6.0k -5,957
100 Snowden Capital Advisors LLC 0.17% of their portfolio New York, NY 131,988132.0k $6.6m $6.6m 0.17% Added +10.3k +10,296