Vault-13

GLOBAL X FDS DAX

DAX GERMANY ETF · ETP · CUSIP 37954Y491

66 institutional holders +31 vs Q1 2025
2,155,5122.2m shares reported held*
$96.8mreported value*
35 new 13 added 8 reduced 5 sold out net bought ≈ $24.6m (+548.5k 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 ≈ $44.93. Options: 2 managers hold calls ($247.1k notional), 1 hold puts ($292.0k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 15Q4 22: 16Q1 23: 19Q2 23: 20Q3 23: 17Q4 23: 20Q1 24: 19Q2 24: 22Q3 24: 22Q4 24: 23Q1 25: 35Q2 25: 6666Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202215
Q4 202216
Q1 202319
Q2 202320
Q3 202317
Q4 202320
Q1 202419
Q2 202422
Q3 202422
Q4 202423
Q1 202535
Q2 202566

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 8 bought or addedQ3 23: 9 cut or sold outQ4 23: 10 bought or addedQ4 23: 7 cut or sold outQ4 23Q1 24: 11 bought or addedQ1 24: 10 cut or sold outQ2 24: 8 bought or addedQ2 24: 9 cut or sold outQ2 24Q3 24: 10 bought or addedQ3 24: 8 cut or sold outQ4 24: 9 bought or addedQ4 24: 8 cut or sold outQ4 24Q1 25: 23 bought or addedQ1 25: 7 cut or sold outQ2 25: 48 bought or addedQ2 25: 13 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202389
Q4 2023107
Q1 20241110
Q2 202489
Q3 2024108
Q4 202498
Q1 2025237
Q2 20254813

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $293.2kQ1 25 puts: $746.8kQ1 25P/C 2.55Q2 25 calls: $247.1kQ2 25 puts: $292.0kQ2 25P/C 1.18
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$293.2k$746.8k2.55
Q2 2025$247.1k$292.0k1.18

Biggest buyers

Hamilton Wealth, LLC New +190,244+190.2k
GTS SECURITIES LLC Added +126,453+126.5k
FLOW TRADERS U.S. LLC New +106,128+106.1k
CITADEL ADVISORS LLC New +97,918+97.9k
OSAIC HOLDINGS, INC. Added +82,623+82.6k
Quadrature Capital Ltd New +67,803+67.8k
Sanctuary Advisors, LLC New +47,599+47.6k
Atria Investments, Inc New +47,155+47.2k
Financial Sense Advisors, Inc. New +38,235+38.2k
STIFEL FINANCIAL CORP Added +37,286+37.3k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -240,333-240.3k
ROYAL BANK OF CANADA Reduced -116,081-116.1k
Empowered Funds, LLC Reduced -47,774-47.8k
JANE STREET GROUP, LLC Reduced -37,747-37.7k
LPL Financial LLC Reduced -24,062-24.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -17,953-18.0k
CIBC WORLD MARKET INC. Sold out -12,855-12.9k
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC Reduced -12,628-12.6k
MORGAN STANLEY Reduced -2,723-2.7k
COMERICA BANK Reduced -2,390-2.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $233.6k5.2k shares
Belvedere Trading LLC New $13.5k300 shares

Biggest puts

Belvedere Trading LLC New $292.0k6.5k 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 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 1.50% of their portfolio SAN FRANCISCO, CA 627,540627.5k $28.2m $28.2m 1.50% Reduced -12.6k -12,628
2 Hamilton Wealth, LLC 1.91% of their portfolio LOS ANGELES, CA 190,244190.2k $8.5m $8.5m 1.91% New
3 GTS SECURITIES LLC 0.29% of their portfolio NEW YORK, NY 145,907145.9k $6.6m $6.6m 0.29% Added +126.5k +126,453
4 FLOW TRADERS U.S. LLC 0.18% of their portfolio NEW YORK, NY 106,128106.1k $4.8m $4.8m 0.18% New
5 Y.D. More Investments Ltd 0.31% of their portfolio Ramat Gan, L3 99,45599.5k $4.5m $4.5m 0.31% Added +27.9k +27,915
6 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 97,91897.9k $4.4m $4.4m 0.00% New
7 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 84,30484.3k $3.8m $3.8m 0.01% Added +82.6k +82,623
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 81,23781.2k $3.6m $3.6m 0.00% Reduced -24.1k -24,062
9 Quadrature Capital Ltd 0.05% of their portfolio LONDON, X0 67,80367.8k $3.0m $3.0m 0.05% New
10 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 66,00166.0k $3.0m $3.0m 0.00% Reduced -37.7k -37,747
11 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 62,59562.6k $2.8m $2.8m 0.00% Added +37.3k +37,286
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 52,05052.0k $2.3m $2.3m 0.00% Reduced -116.1k -116,081
13 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 47,59947.6k $2.1m $2.1m 0.01% New
14 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 47,15547.2k $2.1m $2.1m 0.03% New
15 Genesee Capital Advisors, LLC 0.84% of their portfolio AUBURN, NY 41,64441.6k $1.9m $1.9m 0.84% Added +2.2k +2,190
16 Financial Sense Advisors, Inc. 0.42% of their portfolio SAN DIEGO, CA 38,23538.2k $1.7m $1.7m 0.42% New
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 34,03434.0k $1.5m $1.5m 0.00% Added +25.4k +25,412
18 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 32,61332.6k $1.5m $1.5m 0.00% New
19 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 28,78728.8k $1.3m $1.3m 0.01% Reduced -47.8k -47,774
20 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 19,10419.1k $858.3k $858.3k 0.02% Added +601 +601
21 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 17,52317.5k $787.3k $787.3k 0.00% New
22 Global View Capital Management LLC 0.25% of their portfolio WAUKESHA, WI 17,12417.1k $769.4k $769.4k 0.25% New
23 Nicholas Hoffman & Company, LLC. 0.02% of their portfolio ATLANTA, GA 15,00015.0k $674.0k $674.0k 0.02% Added +5.0k +5,000
24 Strait & Sound Wealth Management LLC 0.25% of their portfolio SAN FRANCISCO, CA 13,16113.2k $591.3k $591.3k 0.25% Added +682 +682
25 Kohmann Bosshard Financial Services, LLC 0.05% of their portfolio FAIRLAWN, OH 10,03710.0k $451.0k $451.0k 0.05% Unchanged
26 OPTIMA CAPITAL LLC 0.22% of their portfolio PORTLAND, OR 9,2159.2k $418.1k $418.1k 0.22% New
27 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 8,6898.7k $390.4k $390.4k 0.00% New
28 LAFFER TENGLER INVESTMENTS, INC. 0.06% of their portfolio Scottsdale, AZ 7,8167.8k $351.2k $351.2k 0.06% Added +945 +945
29 Mascagni Wealth Management, Inc. 0.29% of their portfolio CLINTON, MS 7,6757.7k $344.8k $344.8k 0.29% New
30 Hilltop Holdings Inc. 0.02% of their portfolio DALLAS, TX 7,2507.2k $325.7k $325.7k 0.02% New
31 ALTERNA WEALTH MANAGEMENT, INC 0.25% of their portfolio HOUSTON, TX 6,9817.0k $313.7k $313.7k 0.25% New
32 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 6,6776.7k $300.0k $300.0k 0.00% New
33 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 6,2976.3k $282.0k $282.0k 0.00% New
34 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 5,6495.6k $253.8k $253.8k 0.00% Added +3.7k +3,744
35 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 5,3115.3k $238.6k $238.6k 0.00% New
36 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 4,5504.5k $204.0k $204.0k 0.00% New
37 Dakota Wealth Management 0.00% of their portfolio PALM BEACH GARDENS, FL 4,5094.5k $202.6k $202.6k 0.00% New
38 LYELL WEALTH MANAGEMENT, LP 0.02% of their portfolio MENLO PARK, CA 4,4954.5k $202.0k $202.0k 0.02% New
39 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 4,1924.2k $188.3k $188.3k 0.00% New
40 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 3,4963.5k $157.0k $157.0k 0.00% Added +3.2k +3,224
41 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 3,1433.1k $141.2k $141.2k 0.00% New
42 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,4602.5k $110.5k $110.5k 0.00% New
43 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 2,0002.0k $89.9k $89.9k 0.00% Unchanged
44 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,9522.0k $87.7k $87.7k 0.00% Unchanged
45 Migdal Insurance & Financial Holdings Ltd. 0.00% of their portfolio Petach Tikva, L3 1,8801.9k $84.0k $84.0k 0.00% New
46 Belvedere Trading LLC 0.01% of their portfolio CHICAGO, IL 1,4741.5k $66.2k $66.2k 0.01% New
47 Cape Investment Advisory, Inc. 0.02% of their portfolio MCDONOUGH, GA 1,2811.3k $57.6k $57.6k 0.02% Added +42 +42
48 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,1501.1k $51.7k $51.7k 0.00% Unchanged
49 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,0011.0k $45.0k $45.0k 0.00% Reduced -2.7k -2,723
50 FMR LLC 0.00% of their portfolio BOSTON, MA 799799 $35.9k $35.9k 0.00% New
51 Activest Wealth Management 0.01% of their portfolio AVENTURA, FL 798798 $35.9k $35.9k 0.01% Unchanged
52 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 300300 $13.5k $13.5k 0.00% New
53 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 222222 $10.0k $10.0k 0.00% New
54 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 200200 $9.0k $9.0k 0.00% Unchanged
55 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 187187 $8.4k $8.4k 0.00% New
56 COMERICA BANK 0.00% of their portfolio DALLAS, TX 144144 $6.5k $6.5k 0.00% Reduced -2.4k -2,390
57 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 125125 $5.6k $5.6k 0.00% New
58 Copia Wealth Management 0.00% of their portfolio BEND, OR 121121 $5.4k $5.4k 0.00% New
59 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 100100 $4.5k $4.5k 0.00% Unchanged
60 Legacy Investment Solutions, LLC 0.00% of their portfolio BOISE, ID 7070 $3.1k $3.1k 0.00% First filing
61 Legacy Wealth Managment, LLC/ID 0.00% of their portfolio BOISE, ID 7070 $3.1k $3.1k 0.00% New
62 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 2222 $988 $988 0.00% Unchanged
63 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 1010 $449 $449 0.00% New
64 Manchester Capital Management LLC 0.00% of their portfolio MANCHESTER, VT 33 $135 $135 0.00% New
65 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $17 $17 0.00% Reduced -240.3k -240,333
66 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged