Vault-13

GLOBAL X FDS PFFD

US PFD ETF · ETP · CUSIP 37954Y657

292 institutional holders -5 vs Q4 2024
61,184,66461.2m shares reported held*
$1.2bnreported value*
23 new 122 added 97 reduced 26 sold out net sold ≈ $28.9m (-1.5m 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 ($718.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.04. Options: 1 managers hold calls ($910.1k notional), 1 hold puts ($394.1k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 210Q4 22: 223Q1 23: 230Q2 23: 226Q3 23: 241Q4 23: 268Q1 24: 256Q2 24: 263Q3 24: 272Q4 24: 297Q1 25: 292292Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022210
Q4 2022223
Q1 2023230
Q2 2023226
Q3 2023241
Q4 2023268
Q1 2024256
Q2 2024263
Q3 2024272
Q4 2024297
Q1 2025292

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 124 bought or addedQ2 23: 102 cut or sold outQ3 23: 123 bought or addedQ3 23: 94 cut or sold outQ3 23Q4 23: 118 bought or addedQ4 23: 123 cut or sold outQ1 24: 138 bought or addedQ1 24: 115 cut or sold outQ1 24Q2 24: 138 bought or addedQ2 24: 102 cut or sold outQ3 24: 154 bought or addedQ3 24: 94 cut or sold outQ3 24Q4 24: 144 bought or addedQ4 24: 101 cut or sold outQ1 25: 145 bought or addedQ1 25: 123 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023124102
Q3 202312394
Q4 2023118123
Q1 2024138115
Q2 2024138102
Q3 202415494
Q4 2024144101
Q1 2025145123

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ2 24 calls: $403.4kQ2 24 puts: $25.6kQ2 24P/C 0.06Q3 24 calls: $43.6kQ3 24 puts: $37.4kQ3 24P/C 0.86Q4 24 calls: $339.5kQ4 24 puts: $52.7kQ4 24P/C 0.16Q1 25 calls: $910.1kQ1 25 puts: $394.1kQ1 25P/C 0.43
Numbers
QuarterCallsPutsP/C
Q2 2024$403.4k$25.6k0.06
Q3 2024$43.6k$37.4k0.86
Q4 2024$339.5k$52.7k0.16
Q1 2025$910.1k$394.1k0.43

Biggest buyers

Global X Japan Co., Ltd. Added +465,090+465.1k
Compton Financial Group, LLC New +340,055+340.1k
AMERIPRISE FINANCIAL INC Added +234,493+234.5k
BANK OF AMERICA CORP /DE/ Added +227,075+227.1k
Cetera Investment Advisers Added +224,650+224.7k
AlphaCore Capital LLC New +155,471+155.5k
ENVESTNET ASSET MANAGEMENT INC Added +143,263+143.3k
Collier Financial New +142,813+142.8k
Lido Advisors, LLC Added +142,302+142.3k
GOLDMAN SACHS GROUP INC Added +141,386+141.4k

Biggest sellers

LPL Financial LLC Reduced -2,526,057-2.5m
ADVISORS MANAGEMENT GROUP INC /ADV Reduced -1,026,610-1.0m
Independent Advisor Alliance Sold out -343,330-343.3k
Rockefeller Capital Management L.P. Reduced -323,349-323.3k
Focus Partners Wealth Reduced -320,253-320.3k
Iron Horse Wealth Management, LLC Reduced -143,151-143.2k
Quadrature Capital Ltd Sold out -137,745-137.7k
Merit Financial Group, LLC Reduced -98,177-98.2k
ABOUND FINANCIAL, LLC Reduced -97,764-97.8k
Grey Ledge Advisors, LLC Reduced -90,256-90.3k

Biggest calls

CITADEL ADVISORS LLC Added $910.1k47.8k shares

Biggest puts

CITADEL ADVISORS LLC Added $394.1k20.7k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 6,404,0936.4m $121.9m $121.9m 0.01% Added +227.1k +227,075
2 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 5,675,8765.7m $108.1m $108.1m 0.04% Reduced -2.5m -2,526,057
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,305,7244.3m $82.0m $82.0m 0.01% Reduced -36.5k -36,470
4 Global X Japan Co., Ltd. 6.94% of their portfolio CHIYODA-KU, TOKYO, M0 3,173,1113.2m $60.4m $60.4m 6.94% Added +465.1k +465,090
5 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 2,348,7822.3m $44.7m $44.7m 0.01% Reduced -55.7k -55,710
6 Hennion & Walsh Asset Management, Inc. 1.35% of their portfolio Parsippany, NJ 1,593,3441.6m $30.3m $30.3m 1.35% Added +127.0k +127,025
7 Lido Advisors, LLC 0.17% of their portfolio Los Angeles, CA 1,492,1241.5m $28.4m $28.4m 0.17% Added +142.3k +142,302
8 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,433,2221.4m $27.3m $27.3m 0.01% Added +143.3k +143,263
9 Full Sail Capital, LLC 1.76% of their portfolio OKLAHOMA CITY, OK 1,426,8661.4m $27.2m $27.2m 1.76% Added +58.7k +58,695
10 State of Wisconsin - Board of Commissioners of Public Lands 16.49% of their portfolio MADISON, WI 1,341,3051.3m $25.5m $25.5m 16.49% Unchanged
11 CWM, LLC 0.10% of their portfolio OMAHA, NE 1,326,0421.3m $25.2m $25.2m 0.10% Added +26.0k +25,961
12 RATIONAL ADVISORS, INC. 2.10% of their portfolio San Juan, PR 1,093,9471.1m $20.8m $20.8m 2.10% Reduced -69.8k -69,815
13 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,056,3381.1m $20.1m $20.1m 0.01% Added +55.0k +54,974
14 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 1,031,2981.0m $19.6m $19.6m 0.02% Added +26.1k +26,106
15 Flaharty Asset Management, LLC 2.76% of their portfolio CLEARWATER, FL 1,003,5031.0m $19.1m $19.1m 2.76% Added +75.7k +75,673
16 Tiller Private Wealth, Inc. 7.68% of their portfolio BETHLEHEM, PA 967,685967.7k $18.4m $18.4m 7.68% Added +35.0k +35,033
17 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 953,135953.1k $18.1m $18.1m 0.04% Added +224.7k +224,650
18 FUKOKU MUTUAL LIFE INSURANCE Co 1.30% of their portfolio TOKYO, M0 919,000919.0k $17.5m $17.5m 1.30% Unchanged
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 918,602918.6k $17.5m $17.5m 0.00% Added +85.7k +85,661
20 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 811,999812.0k $15.5m $15.5m 0.04% Reduced -7.1k -7,109
21 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 750,379750.4k $14.3m $14.3m 0.00% Added +234.5k +234,493
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 717,579717.6k $13.7m $13.7m 0.00% Added +36.8k +36,779
23 Steward Partners Investment Advisory, LLC 0.10% of their portfolio STAMFORD, CT 603,090603.1k $11.5m $11.5m 0.10% Added +44.9k +44,865
24 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 580,601580.6k $11.1m $11.1m 0.01% Added +94.4k +94,364
25 CONNING INC. 0.39% of their portfolio HARTFORD, CT 580,200580.2k $11.0m $11.0m 0.39% Unchanged
26 Modern Wealth Management, LLC 0.34% of their portfolio KANSAS CITY, MO 557,594557.6k $10.6m $10.6m 0.34% Reduced -20.6k -20,624
27 COLLECTIVE FAMILY OFFICE LLC 2.58% of their portfolio YORK, PA 502,065502.1k $9.6m $9.6m 2.58% Added +100.7k +100,690
28 Columbus Macro, LLC 1.20% of their portfolio NEW CASTLE, PA 477,489477.5k $9.1m $9.1m 1.20% Added +119.6k +119,558
29 Trinity Legacy Partners, LLC 2.13% of their portfolio HOUSTON, TX 446,546446.5k $8.4m $8.4m 2.13% Added +90.2k +90,243
30 PARK AVENUE SECURITIES LLC 0.10% of their portfolio NEW YORK, NY 436,818436.8k $8.3m $8.3m 0.10% Added +57.8k +57,816
31 NAPLES GLOBAL ADVISORS, LLC 0.78% of their portfolio NAPLES, FL 428,847428.8k $8.2m $8.2m 0.78% Added +43.2k +43,216
32 David Kennon Inc 3.19% of their portfolio SARASOTA, FL 421,415421.4k $8.0m $8.0m 3.19% Added +28.4k +28,368
33 AHL INVESTMENT MANAGEMENT, INC. 5.50% of their portfolio Winter Park, FL 419,233419.2k $8.0m $8.0m 5.50% Added +33.0k +33,016
34 Collaborative Wealth Managment Inc. 3.69% of their portfolio LAKE MARY, FL 414,831414.8k $7.9m $7.9m 3.69% Added +6.6k +6,638
35 KWB Wealth 0.90% of their portfolio REDLANDS, CA 384,133384.1k $7.5m $7.5m 0.90% Reduced -28.2k -28,182
36 AIRE ADVISORS, LLC 1.37% of their portfolio BEVERLY HILLS, CA 341,206341.2k $6.5m $6.5m 1.37% Added +9.5k +9,473
37 MAI Capital Management 0.05% of their portfolio INDEPENDENCE, OH 340,532340.5k $6.5m $6.5m 0.05% Added +119.1k +119,082
38 Compton Financial Group, LLC 1.86% of their portfolio TOWSON, MD 340,055340.1k $6.5m $6.5m 1.86% New
39 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 339,030339.0k $6.5m $6.5m 0.01% Reduced -43.3k -43,308
40 Prairiewood Capital, LLC 2.62% of their portfolio FARGO, ND 338,789338.8k $6.5m $6.5m 2.62% Added +40.4k +40,395
41 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 329,184329.2k $6.3m $6.3m 0.00% First filing
42 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 320,163320.2k $6.1m $6.1m 0.01% Reduced -2.8k -2,795
43 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 315,721315.7k $6.0m $6.0m 0.03% Added +46.7k +46,688
44 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 304,892304.9k $5.8m $5.8m 0.02% Reduced -15.1k -15,092
45 Iron Horse Wealth Management, LLC 1.83% of their portfolio JOHSTON, IA 300,139300.1k $5.7m $5.7m 1.83% Reduced -143.2k -143,151
46 SBI Securities Co., Ltd. 0.19% of their portfolio TOKYO, M0 296,870296.9k $5.7m $5.7m 0.19% Added +5.3k +5,309
47 New York Life Investment Management LLC 0.05% of their portfolio New York, NY 279,120279.1k $5.3m $5.3m 0.05% Added +77.7k +77,711
48 Sound Income Strategies, LLC 0.31% of their portfolio FT LAUDERDALE, FL 277,964278.0k $5.3m $5.3m 0.31% Added +12.4k +12,380
49 Texas Yale Capital Corp. 0.22% of their portfolio ST. PETERSBURG, FL 275,259275.3k $5.2m $5.2m 0.22% Added +22.1k +22,109
50 WealthTrust Axiom LLC 1.58% of their portfolio WAYNE, PA 272,387272.4k $5.2m $5.2m 1.58% Added +2.9k +2,941
51 SWS Partners 1.56% of their portfolio COLUMBUS, OH 249,210249.2k $4.7m $4.7m 1.56% Added +24.2k +24,174
52 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 239,457239.5k $4.6m $4.6m 0.01% Reduced -320.3k -320,253
53 Integras Partners LLC 4.07% of their portfolio Alpharetta, GA 236,650236.7k $4.5m $4.5m 4.07% Reduced -32.1k -32,094
54 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 230,583230.6k $4.4m $4.4m 0.01% Reduced -1.0k -1,049
55 APPLETON PARTNERS INC/MA 0.33% of their portfolio BOSTON, MA 227,429227.4k $4.3m $4.3m 0.33% Added +9.3k +9,300
56 Robertson Stephens Wealth Management, LLC 0.15% of their portfolio San Francisco, CA 217,270217.3k $4.1m $4.1m 0.15% Reduced -8.1k -8,130
57 Leicht Financial Planning & Wealth Management, Inc. 2.12% of their portfolio PARSIPPANY, NJ 212,644212.6k $4.0m $4.0m 2.12% Added +12.9k +12,879
58 Mariner, LLC 0.01% of their portfolio Overland Park, KS 210,307210.3k $4.0m $4.0m 0.01% Reduced -39.4k -39,394
59 Blue Edge Capital, LLC 0.60% of their portfolio RICHMOND, VA 195,361195.4k $3.7m $3.7m 0.60% Reduced -1.1k -1,084
60 EAGLE HARBOR ASSET MANAGEMENT INC /ADV 3.47% of their portfolio SEATTLE, WA 179,532179.5k $3.4m $3.4m 3.47% Added +26.1k +26,055
61 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 169,861169.9k $3.2m $3.2m 0.02% Reduced -4.1k -4,145
62 Fifth Third Securities, Inc. 0.26% of their portfolio Cincinnati, OH 159,840159.8k $3.0m $3.0m 0.26% Added +14.9k +14,875
63 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 155,630155.6k $3.0m $3.0m 0.01% Reduced -13.9k -13,881
64 AlphaCore Capital LLC 0.25% of their portfolio LA JOLLA, CA 155,471155.5k $3.0m $3.0m 0.25% New
65 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 153,598153.6k $2.9m $2.9m 0.00% Added +141.4k +141,386
66 Stratos Wealth Partners, LTD. 0.04% of their portfolio BEACHWOOD, OH 144,173144.2k $2.7m $2.7m 0.04% Added +8.7k +8,705
67 Collier Financial 2.31% of their portfolio DENVER, CO 142,813142.8k $2.7m $2.7m 2.31% New
68 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 141,924141.9k $2.7m $2.7m 0.00% Added +86.0k +85,965
69 Rockport Wealth LLC 0.92% of their portfolio Fairview Park, OH 137,221137.2k $2.6m $2.6m 0.92% Added +53.3k +53,302
70 Prepared Retirement Institute LLC 1.60% of their portfolio LANSDALE, PA 132,001132.0k $2.5m $2.5m 1.60% Reduced -64.1k -64,100
71 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 129,257129.3k $2.5m $2.5m 0.01% Reduced -27.3k -27,319
72 Gerber Kawasaki Wealth & Investment Management 0.11% of their portfolio SANTA MONICA, CA 124,773124.8k $2.4m $2.4m 0.11% Added +7.0k +6,980
73 Trajan Wealth LLC 0.13% of their portfolio SCOTTSDALE, AZ 124,213124.2k $2.4m $2.4m 0.13% New
74 Gladstone Institutional Advisory LLC 0.11% of their portfolio Bedminster, NJ 124,075124.1k $2.4m $2.4m 0.11% Added +25.1k +25,109
75 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 121,427121.4k $2.3m $2.3m 0.02% Added +55.5k +55,481
76 Note Advisors, LLC 1.89% of their portfolio BUFFALO, NY 120,227120.2k $2.3m $2.3m 1.89% Added +10.3k +10,341
77 GREAT VALLEY ADVISOR GROUP, INC. 0.05% of their portfolio WILMINGTON, DE 119,502119.5k $2.3m $2.3m 0.05% Added +43.7k +43,706
78 Crews Bank & Trust 0.38% of their portfolio PORT CHARLOTTE, FL 117,005117.0k $2.2m $2.2m 0.38% Reduced -5.0k -5,050
79 Grey Ledge Advisors, LLC 0.58% of their portfolio GUILFORD, CT 116,167116.2k $2.2m $2.2m 0.58% Reduced -90.3k -90,256
80 Kestra Investment Management, LLC 0.03% of their portfolio AUSTIN, TX 111,532111.5k $1.8m $1.8m 0.03% Added +78.0k +78,028
81 Cyndeo Wealth Partners, LLC 0.12% of their portfolio ST. PETERSBURG, FL 98,43998.4k $1.9m $1.9m 0.12% Unchanged
82 CIBC WORLD MARKETS CORP 0.01% of their portfolio NEW YORK, NY 92,17292.2k $1.8m $1.8m 0.01% Added +2.5k +2,496
83 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 90,59490.6k $1.7m $1.7m 0.02% Added +16.5k +16,512
84 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 86,60086.6k $1.6m $1.6m 0.00% Unchanged
85 Apollon Financial, LLC 0.38% of their portfolio MOUNT PLEASANT, SC 84,83384.8k $1.6m $1.6m 0.38% Reduced -1.4k -1,400
86 Perissos Private Wealth Management, LLC 1.46% of their portfolio BETHANY, OK 84,02784.0k $1.6m $1.6m 1.46% Reduced -225 -225
87 CreativeOne Wealth, LLC 0.05% of their portfolio OVERLAND PARK, KS 83,76283.8k $1.6m $1.6m 0.05% Reduced -324 -324
88 Financial Advocates Investment Management 0.11% of their portfolio OLYMPIA, WA 82,97483.0k $1.6m $1.6m 0.11% Added +60.2k +60,162
89 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 82,56782.6k $1.6m $1.6m 0.01% Added +11.1k +11,145
90 FF Advisors,LLC 0.84% of their portfolio MANHATTAN BEACH, CA 78,66678.7k $1.5m $1.5m 0.84% Reduced -1.9k -1,861
91 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 78,05078.0k $1.5m $1.5m 0.02% Reduced -98.2k -98,177
92 PRINCIPAL SECURITIES, INC. 0.03% of their portfolio DES MOINES, IA 76,86176.9k $1.5m $1.5m 0.03% Added +965 +965
93 Good Life Advisors, LLC 0.10% of their portfolio READING, PA 76,45976.5k $1.5m $1.5m 0.10% Added +26.5k +26,543
94 Mutual Advisors, LLC 0.04% of their portfolio OMAHA, NE 75,90775.9k $1.4m $1.4m 0.04% Added +1.9k +1,925
95 Investors Research Corp 0.31% of their portfolio ATLANTA, GA 75,31075.3k $1.4m $1.4m 0.31% Reduced -96 -96
96 Apollon Wealth Management, LLC 0.03% of their portfolio MOUNT PLEASANT, SC 70,00270.0k $1.3m $1.3m 0.03% Added +3.2k +3,165
97 DUNCKER STREETT & CO INC 0.26% of their portfolio St. Louis, MO 68,91268.9k $1.3m $1.3m 0.26% Reduced -1.1k -1,085
98 Advisors Capital Management, LLC 0.02% of their portfolio RIDGEWOOD, NJ 68,58268.6k $1.3m $1.3m 0.02% Added +2.8k +2,760
99 Prospect Financial Services LLC 0.72% of their portfolio MELVILLE, NY 68,28968.3k $1.3m $1.3m 0.72% Added +11.8k +11,844
100 FLAGSHIP HARBOR ADVISORS, LLC 0.07% of their portfolio BOSTON, MA 67,94867.9k $1.3m $1.3m 0.07% Added +3.8k +3,779