Vault-13

GLOBAL X FDS DAX

DAX GERMANY ETF · ETP · CUSIP 37954Y491

51 institutional holders -3 vs Q4 2025
1,714,5331.7m shares reported held*
$72.2mreported value*
12 new 13 added 14 reduced 15 sold out net sold ≈ $3.9m (-92.4k 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 ≈ $42.11. Options: 1 managers hold calls ($253.0k notional), 1 hold puts ($442.7k).

Trends to Q1 2026

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: 66Q3 25: 57Q4 25: 54Q1 26: 5151Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 202557
Q4 202554
Q1 202651

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q2 24: 8 bought or addedQ2 24: 9 cut or sold outQ3 24: 10 bought or addedQ3 24: 8 cut or sold outQ3 24Q4 24: 9 bought or addedQ4 24: 8 cut or sold outQ1 25: 23 bought or addedQ1 25: 7 cut or sold outQ1 25Q2 25: 48 bought or addedQ2 25: 13 cut or sold outQ3 25: 28 bought or addedQ3 25: 29 cut or sold outQ3 25Q4 25: 24 bought or addedQ4 25: 28 cut or sold outQ1 26: 25 bought or addedQ1 26: 29 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202489
Q3 2024108
Q4 202498
Q1 2025237
Q2 20254813
Q3 20252829
Q4 20252428
Q1 20262529

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ2 25 calls: $247.1kQ2 25 puts: $292.0kQ2 25P/C 1.18Q3 25 calls: $384.9kQ3 25 puts: $371.4kQ3 25P/C 0.97Q4 25 calls: $355.8kQ4 25 puts: $314.8kQ4 25P/C 0.88Q1 26 calls: $253.0kQ1 26 puts: $442.7kQ1 26P/C 1.75
Numbers
QuarterCallsPutsP/C
Q2 2025$247.1k$292.0k1.18
Q3 2025$384.9k$371.4k0.97
Q4 2025$355.8k$314.8k0.88
Q1 2026$253.0k$442.7k1.75

Biggest buyers

CITADEL ADVISORS LLC New +86,178+86.2k
LEAVELL INVESTMENT MANAGEMENT, INC. New +48,800+48.8k
FLOW TRADERS U.S. LLC Added +44,966+45.0k
Harel Insurance Investments & Financial Services Ltd. Added +25,661+25.7k
HRT FINANCIAL LP New +14,780+14.8k
INSIGNEO ADVISORY SERVICES, LLC New +11,290+11.3k
GTS SECURITIES LLC New +10,967+11.0k
Nikulski Financial, Inc. Added +10,690+10.7k
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC Added +9,294+9.3k
MML INVESTORS SERVICES, LLC New +6,349+6.3k

Biggest sellers

Hamilton Wealth, LLC Sold out -193,156-193.2k
JANE STREET GROUP, LLC Reduced -48,199-48.2k
SCOTIA CAPITAL INC. Sold out -31,341-31.3k
LPL Financial LLC Reduced -13,262-13.3k
OSAIC HOLDINGS, INC. Reduced -12,123-12.1k
ENVESTNET ASSET MANAGEMENT INC Reduced -11,170-11.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -10,159-10.2k
Mascagni Wealth Management, Inc. Sold out -8,092-8.1k
BANK OF AMERICA CORP /DE/ Reduced -6,630-6.6k
MARSHALL WACE, LLP Sold out -6,164-6.2k

Biggest calls

CITADEL ADVISORS LLC Reduced $253.0k6.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $442.7k10.5k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 1.38% of their portfolio SAN FRANCISCO, CA 618,608618.6k $26.1m $26.1m 1.38% Added +9.3k +9,294
2 Y.D. More Investments Ltd 0.25% of their portfolio Ramat Gan, L3 149,894149.9k $6.3m $6.3m 0.25% Added +6.3k +6,330
3 FLOW TRADERS U.S. LLC 0.18% of their portfolio NEW YORK, NY 131,539131.5k $5.5m $5.5m 0.18% Added +45.0k +44,966
4 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 89,35489.4k $3.8m $3.8m 0.01% Reduced -637 -637
5 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 86,17886.2k $3.6m $3.6m 0.00% New
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 78,79778.8k $3.3m $3.3m 0.00% Reduced -13.3k -13,262
7 Harel Insurance Investments & Financial Services Ltd. 0.02% of their portfolio Ramat Gan, L3 77,91077.9k $3.3m $3.3m 0.02% Added +25.7k +25,661
8 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 65,68165.7k $2.8m $2.8m 0.00% Reduced -12.1k -12,123
9 LEAVELL INVESTMENT MANAGEMENT, INC. 0.08% of their portfolio MOBILE, AL 48,80048.8k $2.1m $2.1m 0.08% New
10 Genesee Capital Advisors, LLC 0.68% of their portfolio AUBURN, NY 38,32338.3k $1.6m $1.6m 0.68% Reduced -1.6k -1,639
11 Financial Sense Advisors, Inc. 0.32% of their portfolio SAN DIEGO, CA 37,72337.7k $1.6m $1.6m 0.32% Reduced -664 -664
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 37,47637.5k $1.6m $1.6m 0.00% Reduced -6.6k -6,630
13 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 26,02526.0k $1.1m $1.1m 0.00% Unchanged
14 Global View Capital Management LLC 0.29% of their portfolio WAUKESHA, WI 25,55825.6k $1.1m $1.1m 0.29% Reduced -3.8k -3,794
15 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 24,03124.0k $1.0m $1.0m 0.02% Added +1.7k +1,748
16 Avestar Capital, LLC 0.06% of their portfolio New York, NY 22,09722.1k $931.6k $931.6k 0.06% Added +1.9k +1,865
17 Nikulski Financial, Inc. 0.18% of their portfolio BETTENDORF, IA 17,64017.6k $743.7k $743.7k 0.18% Added +10.7k +10,690
18 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 14,78014.8k $623.0k $623.0k 0.00% New
19 Strait & Sound Wealth Management LLC 0.23% of their portfolio SAN FRANCISCO, CA 14,24014.2k $600.4k $600.4k 0.23% Added +337 +337
20 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 11,58211.6k $488.3k $488.3k 0.00% Reduced -48.2k -48,199
21 INSIGNEO ADVISORY SERVICES, LLC 0.03% of their portfolio MIAMI, FL 11,29011.3k $476.0k $476.0k 0.03% New
22 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 10,96711.0k $462.4k $462.4k 0.02% New
23 Kohmann Bosshard Financial Services, LLC 0.04% of their portfolio FAIRLAWN, OH 10,07110.1k $424.6k $424.6k 0.04% Reduced -11 -11
24 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 9,4069.4k $396.6k $396.6k 0.00% Reduced -306 -306
25 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 8,9228.9k $376.2k $376.2k 0.00% Reduced -212 -212
26 Parallel Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 7,9007.9k $333.1k $333.1k 0.01% Added +960 +960
27 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 6,5796.6k $277.4k $277.4k 0.00% Reduced -11.2k -11,170
28 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 6,3496.3k $267.7k $267.7k 0.00% New
29 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 5,3395.3k $225.1k $225.1k 0.00% Reduced -295 -295
30 Wealthcare Advisory Partners LLC 0.00% of their portfolio WEST CHESTER, PA 5,2775.3k $222.5k $222.5k 0.00% New
31 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,8743.9k $163.3k $163.3k 0.00% New
32 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,9522.0k $82.3k $82.3k 0.00% Unchanged
33 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 1,7051.7k $71.9k $71.9k 0.00% Unchanged
34 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,1501.1k $48.5k $48.5k 0.00% Unchanged
35 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,0491.0k $44.3k $44.3k 0.00% Added +48 +48
36 FMR LLC 0.00% of their portfolio BOSTON, MA 1,0301.0k $43.4k $43.4k 0.00% Reduced -275 -275
37 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 950950 $40.1k $40.1k 0.00% Unchanged
38 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 875875 $37.3k $37.3k 0.00% New
39 Activest Wealth Management 0.01% of their portfolio AVENTURA, FL 798798 $33.6k $33.6k 0.01% Unchanged
40 LFA - Lugano Financial Advisors SA 0.01% of their portfolio LUGANO, V8 645645 $27.2k $27.2k 0.01% Added +192 +192
41 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 517517 $21.8k $21.8k 0.00% Added +282 +282
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 461461 $19.4k $19.4k 0.00% New
43 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 346346 $14.6k $14.6k 0.00% Unchanged
44 Medallion Wealth Advisors, LLC 0.00% of their portfolio FARMINGTON, CT 321321 $13.5k $13.5k 0.00% New
45 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 223223 $9.4k $9.4k 0.00% New
46 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 100100 $4.3k $4.3k 0.00% Unchanged
47 VANGUARD ADVISERS INC 0.00% of their portfolio Malvern, PA 8080 $3.4k $3.4k 0.00% First filing
48 Legacy Wealth Managment, LLC/ID 0.00% of their portfolio BOISE, ID 7070 $3.0k $3.0k 0.00% Unchanged
49 Investors Research Corp 0.00% of their portfolio ATLANTA, GA 2828 $1.2k $1.2k 0.00% Unchanged
50 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 2222 $927 $927 0.00% Unchanged
51 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $30 $30 0.00% Added +1 +1