Vault-13

GLOBAL X FDS ARGT

GB MSCI AR ETF · ETP · CUSIP 37950E259

124 institutional holders -2 vs Q1 2025
3,024,9843.0m shares reported held*
$256.4mreported value*
23 new 43 added 31 reduced 28 sold out net sold ≈ $17.9m (-210.7k 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. Holder counts are more reliable. Implied quarter-end price ≈ $84.78. Options: 3 managers hold calls ($15.4m notional), 5 hold puts ($4.8m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 13Q4 22: 17Q1 23: 18Q2 23: 22Q3 23: 25Q4 23: 39Q1 24: 47Q2 24: 54Q3 24: 65Q4 24: 99Q1 25: 126Q2 25: 124124Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202213
Q4 202217
Q1 202318
Q2 202322
Q3 202325
Q4 202339
Q1 202447
Q2 202454
Q3 202465
Q4 202499
Q1 2025126
Q2 2025124

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 17 bought or addedQ3 23: 9 cut or sold outQ4 23: 21 bought or addedQ4 23: 12 cut or sold outQ4 23Q1 24: 32 bought or addedQ1 24: 11 cut or sold outQ2 24: 37 bought or addedQ2 24: 18 cut or sold outQ2 24Q3 24: 42 bought or addedQ3 24: 22 cut or sold outQ4 24: 71 bought or addedQ4 24: 26 cut or sold outQ4 24Q1 25: 83 bought or addedQ1 25: 50 cut or sold outQ2 25: 66 bought or addedQ2 25: 59 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023179
Q4 20232112
Q1 20243211
Q2 20243718
Q3 20244222
Q4 20247126
Q1 20258350
Q2 20256659

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 24 calls: $2.6mQ3 24 puts: $3.6mQ3 24P/C 1.40Q4 24 calls: $4.5mQ4 24 puts: $14.8mQ4 24P/C 3.30Q1 25 calls: $8.6mQ1 25 puts: $16.6mQ1 25P/C 1.93Q2 25 calls: $15.4mQ2 25 puts: $4.8mQ2 25P/C 0.31
Numbers
QuarterCallsPutsP/C
Q3 2024$2.6m$3.6m1.40
Q4 2024$4.5m$14.8m3.30
Q1 2025$8.6m$16.6m1.93
Q2 2025$15.4m$4.8m0.31

Biggest buyers

MARSHALL WACE, LLP Added +210,741+210.7k
Breakout Capital Partners, LP New +192,800+192.8k
FLOW TRADERS U.S. LLC New +69,866+69.9k
MORGAN STANLEY Added +35,776+35.8k
Qube Research & Technologies Ltd Added +30,941+30.9k
Glaxis Capital Management, LLC New +30,000+30.0k
Private Wealth Advisors, LLC New +26,581+26.6k
JANE STREET GROUP, LLC Added +25,027+25.0k
ROYAL BANK OF CANADA Added +24,286+24.3k
Encompass More Asset Management New +19,892+19.9k

Biggest sellers

RAYMOND JAMES FINANCIAL INC Reduced -389,140-389.1k
Duquesne Family Office LLC Reduced -176,100-176.1k
WELLS FARGO & COMPANY/MN Reduced -80,833-80.8k
CITADEL ADVISORS LLC Reduced -60,828-60.8k
Schonfeld Strategic Advisors LLC Sold out -41,511-41.5k
StoneX Group Inc. Sold out -34,485-34.5k
VestGen Advisors, LLC Sold out -25,783-25.8k
Geneos Wealth Management Inc. Reduced -21,827-21.8k
LMR Partners LLP Sold out -20,000-20.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -19,128-19.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $10.3m121.9k shares
CITADEL ADVISORS LLC Added $3.8m44.5k shares
Belvedere Trading LLC Added $1.3m15.8k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $2.6m31.0k shares
Belvedere Trading LLC Added $1.1m13.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $965.9k11.4k shares
GROUP ONE TRADING LLC New $127.1k1.5k shares
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 Bank Julius Baer & Co. Ltd, Zurich 0.07% of their portfolio ZURICH, V8 284,421284.4k $24.1m $24.1m 0.07% Added +1.4k +1,366
2 Duquesne Family Office LLC 0.58% of their portfolio New York, NY 267,700267.7k $22.7m $22.7m 0.58% Reduced -176.1k -176,100
3 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 230,361230.4k $19.5m $19.5m 0.02% Added +210.7k +210,741
4 Breakout Capital Partners, LP 15.99% of their portfolio NEW YORK, NY 192,800192.8k $16.3m $16.3m 15.99% New
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 171,520171.5k $14.5m $14.5m 0.00% Added +1.9k +1,884
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 163,931163.9k $13.9m $13.9m 0.00% Added +35.8k +35,776
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 151,933151.9k $12.9m $12.9m 0.00% Added +900 +900
8 Activest Wealth Management 1.97% of their portfolio AVENTURA, FL 96,24096.2k $8.2m $8.2m 1.97% Added +1.1k +1,079
9 Moran Wealth Management, LLC 0.22% of their portfolio NAPLES, FL 82,00782.0k $6.9m $6.9m 0.22% Added +1.7k +1,657
10 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 76,17076.2k $6.5m $6.5m 0.01% Added +25.0k +25,027
11 FLOW TRADERS U.S. LLC 0.22% of their portfolio NEW YORK, NY 69,86669.9k $5.9m $5.9m 0.22% New
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 66,62566.6k $5.6m $5.6m 0.01% Reduced -19.1k -19,128
13 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 63,46163.5k $5.4m $5.4m 0.01% Added +30.9k +30,941
14 OLD MISSION CAPITAL LLC 0.13% of their portfolio CHICAGO, IL 59,21259.2k $5.0m $5.0m 0.13% Reduced -17.9k -17,868
15 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 55,85455.9k $4.7m $4.7m 0.00% Added +16.7k +16,656
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 55,41955.4k $4.7m $4.7m 0.00% Added +15.8k +15,832
17 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 45,22445.2k $3.8m $3.8m 0.00% Reduced -60.8k -60,828
18 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 40,72340.7k $3.5m $3.5m 0.00% Added +690 +690
19 Kite Lake Capital Management (UK) LLP 5.39% of their portfolio LONDON, X0 40,00040.0k $3.4m $3.4m 5.39% Unchanged
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 39,50639.5k $3.3m $3.3m 0.00% Added +24.3k +24,286
21 Stratos Investment Management, LLC 0.15% of their portfolio BEACHWOOD, OH 39,43439.4k $3.3m $3.3m 0.15% Added +11.0k +10,981
22 CoreCap Advisors, LLC 0.12% of their portfolio SOUTHFIELD, MI 35,90835.9k $3.0m $3.0m 0.12% Added +3.3k +3,293
23 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.27% of their portfolio London, X0 34,40034.4k $2.9m $2.9m 0.27% Added +4.4k +4,400
24 Glaxis Capital Management, LLC 3.40% of their portfolio SARASOTA, FL 30,00030.0k $2.5m $2.5m 3.40% New
25 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 29,33029.3k $2.5m $2.5m 0.01% Added +4.7k +4,667
26 RFG Holdings, Inc. 0.68% of their portfolio Argyle, TX 27,75527.8k $2.4m $2.4m 0.68% Added +588 +588
27 SONA ASSET MANAGEMENT (US) LLC 0.08% of their portfolio NEW YORK, NY 27,00027.0k $2.3m $2.3m 0.08% Reduced -10.5k -10,500
28 Private Wealth Advisors, LLC 0.88% of their portfolio Fresno, CA 26,58126.6k $2.3m $2.3m 0.88% New
29 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 25,80825.8k $2.2m $2.2m 0.01% Added +1.3k +1,289
30 Fiduciary Alliance LLC 0.15% of their portfolio GREENVILLE, SC 23,42023.4k $2.0m $2.0m 0.15% Added +5.2k +5,199
31 Cavalier Investments, LLC 0.58% of their portfolio ALPHARETTA, GA 22,78122.8k $1.9m $1.9m 0.58% Reduced -460 -460
32 Belvedere Trading LLC 0.14% of their portfolio CHICAGO, IL 21,03321.0k $1.8m $1.8m 0.14% Added +504 +504
33 Csenge Advisory Group 0.10% of their portfolio CLEARWATER, FL 20,80220.8k $1.9m $1.9m 0.10% Added +72 +72
34 Piedmont Capital Management, LLC 0.99% of their portfolio WHITEFISH, MT 20,10220.1k $1.7m $1.7m 0.99% Added +2.1k +2,084
35 Encompass More Asset Management 0.39% of their portfolio Danville, CA 19,89219.9k $1.7m $1.7m 0.39% New
36 Clear Creek Financial Management, LLC 0.16% of their portfolio SILVERDALE, WA 19,45319.5k $1.6m $1.6m 0.16% Added +2.6k +2,605
37 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 18,79918.8k $1.6m $1.6m 0.00% Added +4.8k +4,788
38 NWI MANAGEMENT LP 0.07% of their portfolio NEW YORK, NY 17,80017.8k $1.5m $1.5m 0.07% Added +8.9k +8,900
39 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 17,23917.2k $1.5m $1.5m 0.00% New
40 Itau Unibanco Holding S.A. 0.05% of their portfolio SAO PAULO, D5 16,28216.3k $1.4m $1.4m 0.05% New
41 FIG FINANCIAL ADVISORY SERVICES INC /ADV 0.89% of their portfolio OKLAHOMA CITY, OK 15,74615.7k $1.3m $1.3m 0.89% Reduced -541 -541
42 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 15,05915.1k $1.3m $1.3m 0.00% Reduced -74 -74
43 INTREPID FAMILY OFFICE LLC 1.37% of their portfolio SARASOTA, FL 15,00015.0k $1.3m $1.3m 1.37% Added +5.0k +5,000
44 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 13,07813.1k $1.1m $1.1m 0.00% Added +2.0k +2,021
45 Sowell Financial Services LLC 0.04% of their portfolio NORTH LITTLE ROCK, AR 12,37312.4k $1.0m $1.0m 0.04% Reduced -122 -122
46 Global Endowment Management, LP 0.14% of their portfolio CHARLOTTE, NC 12,00012.0k $1.0m $1.0m 0.14% Unchanged
47 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 10,28310.3k $871.2k $871.2k 0.00% Reduced -389.1k -389,140
48 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 7,5607.6k $640.5k $640.5k 0.00% Reduced -3.1k -3,106
49 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 7,5017.5k $635.0k $635.0k 0.00% Added +1.9k +1,947
50 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 7,3667.4k $624.1k $624.1k 0.00% Reduced -3.1k -3,074
51 OPTIMA CAPITAL LLC 0.33% of their portfolio PORTLAND, OR 7,3277.3k $621.2k $621.2k 0.33% Added +742 +742
52 TWO SIGMA SECURITIES, LLC 0.07% of their portfolio NEW YORK, NY 7,1317.1k $604.2k $604.2k 0.07% New
53 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,0947.1k $601.1k $601.1k 0.00% Reduced -13.0k -13,008
54 Park Edge Advisors, LLC 0.15% of their portfolio Cleveland, OH 6,8446.8k $579.9k $579.9k 0.15% Added +1.2k +1,192
55 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 6,2236.2k $527.3k $527.3k 0.01% Added +100 +100
56 Aprio Wealth Management, LLC 0.06% of their portfolio ATLANTA, GA 6,0006.0k $508.4k $508.4k 0.06% Added +175 +175
57 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 5,9005.9k $499.9k $499.9k 0.00% Unchanged
58 CONTRAVISORY INVESTMENT MANAGEMENT, INC. 0.09% of their portfolio Norwell, MA 5,6975.7k $482.7k $482.7k 0.09% New
59 Legacy Capital Group California, Inc. 0.13% of their portfolio LOS GATOS, CA 5,6425.6k $478.0k $478.0k 0.13% New
60 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,5905.6k $473.6k $473.6k 0.00% Unchanged
61 Parametrica Management Ltd 0.85% of their portfolio WANCHAI, K3 5,4005.4k $457.5k $457.5k 0.85% Unchanged
62 BAROMETER CAPITAL MANAGEMENT INC. 0.12% of their portfolio TORONTO, A6 5,3005.3k $449.1k $449.1k 0.12% Added +3.8k +3,800
63 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5,2365.2k $443.6k $443.6k 0.00% Reduced -2.3k -2,341
64 LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 0.00% of their portfolio BOSTON, MA 4,6454.6k $393.6k $393.6k 0.00% New
65 Spire Wealth Management 0.02% of their portfolio MCLEAN, VA 4,5934.6k $418.2k $418.2k 0.02% Added +2.1k +2,091
66 LEAVELL INVESTMENT MANAGEMENT, INC. 0.02% of their portfolio MOBILE, AL 4,3614.4k $369.8k $369.8k 0.02% New
67 Kercheville Advisors, LLC 0.12% of their portfolio San Antonio, TX 4,0004.0k $338.9k $338.9k 0.12% Reduced -3.0k -3,000
68 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 3,7323.7k $316.2k $316.2k 0.00% Reduced -13.6k -13,626
69 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 3,6673.7k $310.7k $310.7k 0.00% Added +228 +228
70 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 3,6523.7k $310.3k $310.3k 0.00% Reduced -963 -963
71 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 3,5683.6k $302.3k $302.3k 0.00% Added +508 +508
72 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 3,4503.5k $285.4k $285.4k 0.00% Added +865 +865
73 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,2063.2k $271.6k $271.6k 0.00% Reduced -801 -801
74 CREATIVE FINANCIAL DESIGNS INC /ADV 0.02% of their portfolio KOKOMO, IN 3,1493.1k $266.8k $266.8k 0.02% Reduced -33 -33
75 National Philanthropic Trust 0.00% of their portfolio Jenkintown, PA 3,1473.1k $266.6k $266.6k 0.00% Unchanged
76 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 3,0853.1k $261.4k $261.4k 0.01% New
77 MADDEN SECURITIES Corp 0.09% of their portfolio DALLAS, TX 3,0003.0k $254.2k $254.2k 0.09% Unchanged
78 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 2,9553.0k $250.4k $250.4k 0.01% New
79 Trexquant Investment LP 0.00% of their portfolio STAMFORD, CT 2,8382.8k $240.5k $240.5k 0.00% Reduced -224 -224
80 Stratos Wealth Advisors, LLC 0.01% of their portfolio BEACHWOOD, OH 2,7452.7k $232.6k $232.6k 0.01% Reduced -12.5k -12,544
81 LAFFER TENGLER INVESTMENTS, INC. 0.04% of their portfolio Scottsdale, AZ 2,5712.6k $217.8k $217.8k 0.04% New
82 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 2,4912.5k $211.1k $211.1k 0.00% Unchanged
83 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 2,4772.5k $209.8k $209.8k 0.00% Unchanged
84 IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 0.24% of their portfolio SINGAPORE, U0 1,9001.9k $161.0k $161.0k 0.24% Reduced -2.6k -2,600
85 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 1,6811.7k $142.4k $142.4k 0.00% Added +1.5k +1,481
86 FMR LLC 0.00% of their portfolio BOSTON, MA 1,5911.6k $137.0k $137.0k 0.00% Unchanged
87 Riggs Asset Managment Co. Inc. 0.03% of their portfolio DALLAS, PA 1,3091.3k $110.9k $110.9k 0.03% Added +1.2k +1,246
88 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,0911.1k $92.4k $92.4k 0.00% Added +412 +412
89 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 621621 $52.6k $52.6k 0.00% New
90 FIL Ltd 0.00% of their portfolio HAMILTON, D0 612612 $52.7k $52.7k 0.00% Added +28 +28
91 Ridgewood Investments LLC 0.02% of their portfolio SPRINGFIELD, NJ 600600 $50.8k $50.8k 0.02% Unchanged
92 Capital Advisors, Ltd. LLC 0.01% of their portfolio SHAKER HEIGHTS, OH 581581 $49.0k $49.0k 0.01% Unchanged
93 Strategic Wealth Partners, Ltd. 0.00% of their portfolio INDEPENDENCE, OH 531531 $45.0k $45.0k 0.00% First filing
94 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 485485 $41.1k $41.1k 0.00% Reduced -21.8k -21,827
95 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 399399 $33.8k $33.8k 0.00% Unchanged
96 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 383383 $32.7k $32.7k 0.00% Reduced -681 -681
97 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 303303 $25.3k $25.3k 0.00% Reduced -7.5k -7,516
98 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 300300 $25.4k $25.4k 0.00% New
99 Berbice Capital Management LLC 0.02% of their portfolio MELVILLE, NY 300300 $25.4k $25.4k 0.02% Unchanged
100 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 296296 $25.1k $25.1k 0.00% Reduced -80.8k -80,833