Vault-13

INVESTMENT MANAGERS SER TR I NVDS

TRADR 1.5X SHORT · ETP · CUSIP 46144X115

6 institutional holders -3 vs Q1 2026
116,144116.1k shares reported held*
$2.6mreported value*
2 new 1 added 2 reduced 5 sold out net sold ≈ $943.7k (-41.5k 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 ≈ $22.73. Options: 2 managers hold calls ($1.3m notional), 0 hold puts (—).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0510Q4 25: 6Q1 26: 9Q2 26: 66Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q4 20256
Q1 20269
Q2 20266

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q1 26: 8 bought or addedQ1 26: 6 cut or sold outQ1 26Q2 26: 3 bought or addedQ2 26: 7 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 202686
Q2 202637

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $3.9mQ4 25 puts: $17.7kQ4 25P/C 0.00Q1 26 calls: $1.9mQ1 26 puts: $11.8kQ1 26P/C 0.01Q2 26 calls: $1.3mQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$3.9m$17.7k0.00
Q1 2026$1.9m$11.8k0.01
Q2 2026$1.3m$00.00

Biggest buyers

SCALAR GAUGE MANAGEMENT, LLC New +60,000+60.0k
GOLDMAN SACHS GROUP INC Added +2,077+2.1k
Tower Research Capital LLC (TRC) New +121+121

Biggest sellers

CITADEL ADVISORS LLC Sold out -51,871-51.9k
FLOW TRADERS U.S. LLC Sold out -17,842-17.8k
StoneX Group Inc. Sold out -12,298-12.3k
JANE STREET GROUP, LLC Sold out -12,004-12.0k
TWO SIGMA SECURITIES, LLC Sold out -7,393-7.4k
Optiver Holding B.V. Reduced -1,233-1.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,071-1.1k

Biggest calls

CITADEL ADVISORS LLC Added $779.7k34.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $566.0k24.9k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SCALAR GAUGE MANAGEMENT, LLC 0.75% of their portfolio DALLAS, TX 60,00060.0k $1.4m $1.4m 0.75% New
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 27,40827.4k $623.0k $623.0k 0.00% Reduced -1.1k -1,071
3 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 20,46720.5k $465.2k $465.2k 0.00% Added +2.1k +2,077
4 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 8,1468.1k $185.2k $185.2k 0.00% Reduced -1.2k -1,233
5 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 121121 $2.8k $2.8k 0.00% New
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 22 $45 $45 0.00% Unchanged