INVESTMENT MANAGERS SER TR I
AXS CHANGE FINAN · CUSIP 46144X107
38
institutional holders
+5 vs Q1 2023
1.2m
shares reported held*
$38.1mreported value*
8 new
9 added
14 reduced
2 sold out
net bought ≈ $2.1m (+66.5k 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 ≈ $31.26. Options: 2 managers hold calls ($1.8m notional), 0 hold puts (—).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 29 |
| Q4 2022 | 32 |
| Q1 2023 | 33 |
| Q2 2023 | 38 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 19 | 9 |
| Q1 2023 | 15 | 17 |
| Q2 2023 | 17 | 16 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $488.0k | $0 | 0.00 |
| Q4 2022 | $245.9k | $0 | 0.00 |
| Q1 2023 | $531.4k | $0 | 0.00 |
| Q2 2023 | $1.8m | $0 | 0.00 |
Biggest buyers
| WCG Wealth Advisors LLC | Added | +35.2k |
| Tower Research Capital LLC (TRC) | New | +25.0k |
| COMMONWEALTH EQUITY SERVICES, LLC | Added | +16.6k |
| CITADEL ADVISORS LLC | New | +12.6k |
| PFG Investments, LLC | Added | +10.6k |
| IMPACTfolio, LLC | Added | +7.3k |
| MONEYWISE, INC. | New | +6.9k |
| Avidian Wealth Enterprises, LLC | Added | +4.1k |
| Colorado Capital Management, Inc. | Added | +3.9k |
| UBS Group AG | Added | +2.2k |
Biggest sellers
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -16.8k |
| LPL Financial LLC | Reduced | -12.4k |
| JANE STREET GROUP, LLC | Sold out | -10.5k |
| Cambridge Investment Research Advisors, Inc. | Reduced | -8.6k |
| MERCER GLOBAL ADVISORS INC /ADV | Reduced | -4.4k |
| Private Advisor Group, LLC | Reduced | -2.5k |
| Financial Architects, Inc | Reduced | -1.9k |
| OSAIC HOLDINGS, INC. | Reduced | -1.6k |
| WEDBUSH SECURITIES INC | Reduced | -1.4k |
| First Affirmative Financial Network | Reduced | -1.4k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $1.8m44.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| None |
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 2023
| Manager | Shares | Change |
|---|---|---|
| WCG Wealth Advisors LLC 0.83% of their portfolio | 226.7k $7.1m | Added +35.2k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 185.6k $5.8m | Added +1.6k |
| PFG Investments, LLC 0.89% of their portfolio | 158.5k $5.0m | Added +10.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 99.9k $3.1m | Added +16.6k |
| Colorado Capital Management, Inc. 1.89% of their portfolio | 82.0k $2.6m | Added +3.9k |
| LPL Financial LLC 0.00% of their portfolio | 69.7k $2.2m | Reduced -12.4k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 45.5k $1.4m | Reduced -8.6k |
| IMPACTfolio, LLC 1.04% of their portfolio | 41.7k $1.3m | Added +7.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 39.2k $1.2m | Reduced -436 |
| Tower Research Capital LLC (TRC) 0.03% of their portfolio | 25.0k $782.3k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 20.6k $642.9k | Reduced -1.6k |
| Avidian Wealth Enterprises, LLC 0.04% of their portfolio | 19.7k $614.9k | Added +4.1k |
| Private Advisor Group, LLC 0.01% of their portfolio | 18.6k $595.4k | Reduced -2.5k |
| Financial Architects, Inc 0.08% of their portfolio | 17.1k $535.1k | Reduced -1.9k |
| GTS SECURITIES LLC 0.02% of their portfolio | 16.1k $504.1k | First filing |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.03% of their portfolio | 14.0k $438.2k | Reduced -403 |
| ETFIDEA, LLC 0.17% of their portfolio | 13.6k $424.8k | Reduced -615 |
| First Affirmative Financial Network 0.42% of their portfolio | 13.5k $421.1k | Reduced -1.4k |
| PATHSTONE FAMILY OFFICE, LLC 0.01% of their portfolio | 13.2k $411.9k | Reduced -982 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 12.6k $395.0k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 12.1k $379.0k | Reduced -140 |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 11.2k $350.0k | Reduced -4.4k |
| Arjuna Capital 0.11% of their portfolio | 9.8k $306.9k | Reduced -649 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 9.8k $305.1k | Added +1.5k |
| Laird Norton Wetherby Wealth Management, LLC 0.02% of their portfolio | 9.6k $300.0k | Unchanged |
| DENVER WEALTH MANAGEMENT, INC. 0.16% of their portfolio | 7.4k $231.8k | Unchanged |
| WEDBUSH SECURITIES INC 0.01% of their portfolio | 7.1k $221.0k | Reduced -1.4k |
| MONEYWISE, INC. 0.13% of their portfolio | 6.9k $214.6k | New |
| UBS Group AG 0.00% of their portfolio | 2.7k $84.6k | Added +2.2k |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 2.0k $63.5k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 2.0k $62.5k | Unchanged |
| ORG Partners LLC 0.01% of their portfolio | 1.5k $45.5k | New |
| CWM, LLC 0.00% of their portfolio | 1.2k $37.0k | New |
| Northwest Capital Management Inc 0.02% of their portfolio | 1.2k $36.6k | New |
| Concord Wealth Partners 0.00% of their portfolio | 500 $15.6k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 69 $2.2k | New |
| CITIGROUP INC 0.00% of their portfolio | 9 $281 | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 0 $12 | Unchanged |