Vault-13

INVESCO EXCH TRD SLF IDX FD BSCY

BULLETSHARES 203 · ETP · CUSIP 46139W783

78 institutional holders +13 vs Q2 2025
10,039,78210.0m shares reported held*
$211.1mreported value*
15 new 48 added 7 reduced 1 sold out net bought ≈ $35.8m (+1.7m 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. Holder counts are more reliable. Implied quarter-end price ≈ $21.02.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q2 24: 1Q3 24: 16Q4 24: 49Q1 25: 58Q2 25: 65Q3 25: 7878Q2 24Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q2 20241
Q3 202416
Q4 202449
Q1 202558
Q2 202565
Q3 202578

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 14 bought or addedQ3 24: 0 cut or sold outQ3 24Q4 24: 46 bought or addedQ4 24: 1 cut or sold outQ4 24Q1 25: 48 bought or addedQ1 25: 8 cut or sold outQ1 25Q2 25: 52 bought or addedQ2 25: 11 cut or sold outQ2 25Q3 25: 63 bought or addedQ3 25: 8 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q3 2024140
Q4 2024461
Q1 2025488
Q2 20255211
Q3 2025638

Biggest buyers

LPL Financial LLC Added +276,398+276.4k
JPMORGAN CHASE & CO New +183,904+183.9k
RAYMOND JAMES FINANCIAL INC Added +161,868+161.9k
WELLS FARGO & COMPANY/MN Added +132,930+132.9k
Sanctuary Advisors, LLC Added +131,654+131.7k
MORGAN STANLEY Added +88,961+89.0k
Clark Asset Management, LLC Added +83,629+83.6k
Private Advisor Group, LLC New +63,713+63.7k
Invesco Ltd. Added +62,522+62.5k
JONES FINANCIAL COMPANIES LLLP Added +60,087+60.1k

Biggest sellers

JANE STREET GROUP, LLC Reduced -143,872-143.9k
ROYAL BANK OF CANADA Reduced -72,178-72.2k
CITADEL ADVISORS LLC Reduced -5,886-5.9k
COOKSON PEIRCE & CO INC Reduced -1,478-1.5k
Cambridge Investment Research Advisors, Inc. Reduced -602-602
MML INVESTORS SERVICES, LLC Reduced -301-301
OPPENHEIMER & CO INC Reduced -97-97
FMR LLC Sold out -2-2

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 2,165,8402.2m $45.5m $45.5m 0.01% Added +161.9k +161,868
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 852,142852.1k $17.9m $17.9m 0.01% Added +276.4k +276,398
3 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 784,500784.5k $16.5m $16.5m 0.00% Added +62.5k +62,522
4 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 547,854547.9k $11.5m $11.5m 0.00% Added +132.9k +132,930
5 COOKSON PEIRCE & CO INC 0.42% of their portfolio PITTSBURGH, PA 486,145486.1k $10.2m $10.2m 0.42% Reduced -1.5k -1,478
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 454,390454.4k $9.6m $9.6m 0.00% Added +89.0k +88,961
7 BCS Wealth Management 1.41% of their portfolio JOHNSON CITY, TN 297,287297.3k $6.2m $6.2m 1.41% Added +19.2k +19,157
8 Equitable Holdings, Inc. 0.04% of their portfolio NEW YORK, NY 258,195258.2k $5.4m $5.4m 0.04% Added +33.2k +33,159
9 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 258,065258.1k $5.4m $5.4m 0.02% Added +131.7k +131,654
10 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 244,543244.5k $5.1m $5.1m 0.01% Added +50.6k +50,615
11 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 204,247204.2k $4.3m $4.3m 0.00% Added +10.2k +10,162
12 GILL CAPITAL PARTNERS, LLC 1.31% of their portfolio DENVER, CO 204,092204.1k $4.3m $4.3m 1.31% Added +12.0k +12,017
13 Clark Asset Management, LLC 0.50% of their portfolio STRATHAM, NH 203,865203.9k $4.3m $4.3m 0.50% Added +83.6k +83,629
14 Ledgewood Wealth Advisors, LLC 2.51% of their portfolio EXETER, NH 201,525201.5k $4.2m $4.2m 2.51% Added +8.4k +8,395
15 Addison Advisors LLC 0.97% of their portfolio MIDDLEBURY, VT 199,762199.8k $4.2m $4.2m 0.97% Added +36.3k +36,292
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 183,904183.9k $3.9m $3.9m 0.00% New
17 STEPHENS INC /AR/ 0.04% of their portfolio LITTLE ROCK, AR 150,899150.9k $3.2m $3.2m 0.04% Added +29.0k +29,044
18 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 142,891142.9k $3.0m $3.0m 0.00% Added +60.1k +60,087
19 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 126,959127.0k $2.7m $2.7m 0.03% Added +6.4k +6,432
20 MAI Capital Management 0.02% of their portfolio INDEPENDENCE, OH 125,548125.5k $2.6m $2.6m 0.02% Added +1.8k +1,834
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 120,761120.8k $2.5m $2.5m 0.00% Added +54.8k +54,768
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 108,034108.0k $2.3m $2.3m 0.00% Reduced -72.2k -72,178
23 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 100,629100.6k $2.1m $2.1m 0.00% Added +8.9k +8,903
24 MONECO ADVISORS, LLC 0.17% of their portfolio FAIRFIELD, CT 97,87397.9k $2.1m $2.1m 0.17% Added +22.3k +22,336
25 FLOW TRADERS U.S. LLC 0.07% of their portfolio NEW YORK, NY 81,60981.6k $1.7m $1.7m 0.07% Added +18.1k +18,062
26 Ellevest, Inc. 0.24% of their portfolio NEW YORK, NY 81,17381.2k $1.7m $1.7m 0.24% Added +4.0k +3,975
27 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 75,09475.1k $1.6m $1.6m 0.00% Added +14.2k +14,163
28 HUB Investment Partners, LLC 0.06% of their portfolio AUSTIN, TX 73,82473.8k $1.6m $1.6m 0.06% Added +3.1k +3,055
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 71,61271.6k $1.5m $1.5m 0.00% Unchanged
30 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 64,38764.4k $1.4m $1.4m 0.00% Added +6.7k +6,674
31 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 63,71363.7k $1.3m $1.3m 0.01% New
32 NOVARE CAPITAL MANAGEMENT LLC 0.10% of their portfolio CHARLOTTE, NC 61,31861.3k $1.3m $1.3m 0.10% Added +15.7k +15,727
33 BUTENSKY & COHEN FINANCIAL SECURITY, INC 0.33% of their portfolio PONTE VEDRA BEACH, FL 56,15556.2k $1.2m $1.2m 0.33% Added +4.2k +4,187
34 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 55,98656.0k $1.2m $1.2m 0.00% Reduced -5.9k -5,886
35 Farnam Financial LLC 0.86% of their portfolio PHOENIX, AZ 52,84352.8k $1.1m $1.1m 0.86% Added +1.2k +1,236
36 G2 CAPITAL MANAGEMENT, LLC / OH 0.26% of their portfolio COLUMBUS, OH 48,16548.2k $1.0m $1.0m 0.26% Added +617 +617
37 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 46,48346.5k $977.1k $977.1k 0.00% Reduced -301 -301
38 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 46,24046.2k $972.0k $972.0k 0.02% Added +8.7k +8,650
39 YARGER WEALTH STRATEGIES, LLC 0.43% of their portfolio WESTERVILLE, OH 44,97245.0k $945.3k $945.3k 0.43% New
40 Asset Dedication, LLC 0.06% of their portfolio SAN FRANCISCO, CA 43,69743.7k $918.5k $918.5k 0.06% Added +23.0k +22,966
41 TLWM 0.16% of their portfolio SAN ANTONIO, TX 43,36243.4k $911.5k $911.5k 0.16% Unchanged
42 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 34,81234.8k $732.0k $732.0k 0.00% Added +13.1k +13,137
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 33,63933.6k $707.1k $707.1k 0.00% Added +13.7k +13,676
44 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 31,99632.0k $672.6k $672.6k 0.00% Added +1.9k +1,936
45 Infinity Wealth Counsel, LLC 0.56% of their portfolio Loveland, OH 27,51927.5k $578.4k $578.4k 0.56% New
46 River Wealth Advisors LLC 0.06% of their portfolio CAMP HILL, PA 26,01226.0k $546.8k $546.8k 0.06% Added +4.8k +4,843
47 Sterling Financial Group, Inc. 0.16% of their portfolio PASADENA, CA 23,73023.7k $498.8k $498.8k 0.16% New
48 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 19,61919.6k $412.4k $412.4k 0.00% Added +9.2k +9,222
49 Global Wealth Strategies & Associates 0.11% of their portfolio DENVER, CO 19,55719.6k $411.1k $411.1k 0.11% New
50 Hobbs Group Advisors, LLC 0.13% of their portfolio COLUMBIA, SC 19,45119.5k $408.9k $408.9k 0.13% New
51 Modern Wealth Management, LLC 0.01% of their portfolio KANSAS CITY, MO 18,46518.5k $388.1k $388.1k 0.01% New
52 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 17,51717.5k $368.2k $368.2k 0.00% Added +4.8k +4,825
53 Opulen Financial Group LLC 0.26% of their portfolio ARLINGTON, VA 16,48316.5k $346.5k $346.5k 0.26% Added +806 +806
54 Paradigm, Strategies in Wealth Management, LLC 0.22% of their portfolio Maple Grove, MN 16,31216.3k $342.9k $342.9k 0.22% New
55 SAWGRASS ASSET MANAGEMENT LLC 0.04% of their portfolio PONTE VEDRA BEACH, FL 15,92815.9k $334.8k $334.8k 0.04% Added +3.8k +3,800
56 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 14,73314.7k $310.6k $310.6k 0.00% Added +2.7k +2,660
57 Wilkins Miller Wealth Management, LLC 0.18% of their portfolio MOBILE, AL 14,13214.1k $297.1k $297.1k 0.18% New
58 Prosperity Wealth Management, Inc. 0.10% of their portfolio San Ramon, CA 13,37513.4k $281.1k $281.1k 0.10% New
59 Allen Capital Group, LLC 0.03% of their portfolio GRAND ISLAND, NE 12,68312.7k $266.6k $266.6k 0.03% Added +2.6k +2,607
60 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 12,56112.6k $264.0k $264.0k 0.00% New
61 Jacobi Capital Management LLC 0.02% of their portfolio PITTSTON, PA 12,52012.5k $263.2k $263.2k 0.02% Added +124 +124
62 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 12,37912.4k $260.2k $260.2k 0.00% Reduced -143.9k -143,872
63 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 12,32512.3k $259.1k $259.1k 0.00% New
64 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 10,47910.5k $220.0k $220.0k 0.00% Reduced -602 -602
65 ETF Store, Inc. 0.23% of their portfolio OVERLAND PARK, KS 10,28710.3k $216.2k $216.2k 0.23% Added +346 +346
66 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 9,5459.5k $200.6k $200.6k 0.00% Reduced -97 -97
67 First Command Advisory Services, Inc. 0.00% of their portfolio FORT WORTH, TX 9,4439.4k $198.5k $198.5k 0.00% Added +65 +65
68 YANKCOM Partnership 0.08% of their portfolio Yankton, SD 8,8668.9k $186.4k $186.4k 0.08% Unchanged
69 Independence Bank of Kentucky 0.02% of their portfolio OWENSBORO, KY 8,8438.8k $185.9k $185.9k 0.02% Added +5.5k +5,454
70 Davis Capital Management 0.09% of their portfolio JACKSONVILLE, FL 6,2616.3k $131.6k $131.6k 0.09% First filing
71 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 5,2505.2k $110.4k $110.4k 0.00% Unchanged
72 Knights of Columbus Asset Advisors LLC 0.01% of their portfolio NEW HAVEN, CT 4,7744.8k $100.3k $100.3k 0.01% Unchanged
73 Marquette Asset Management, LLC 0.01% of their portfolio MINNEAPOLIS, MN 4,3274.3k $91.0k $91.0k 0.01% Unchanged
74 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,6083.6k $75.8k $75.8k 0.00% Added +16 +16
75 MONTAG A & ASSOCIATES INC 0.00% of their portfolio ATLANTA, GA 2,5882.6k $54.4k $54.4k 0.00% Unchanged
76 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 2,2212.2k $46.7k $46.7k 0.00% New
77 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,1781.2k $24.8k $24.8k 0.00% New
78 Smithfield Trust Co 0.00% of their portfolio PITTSBURGH, PA 1,0311.0k $21.0k $21.0k 0.00% Added +16 +16