Vault-13

INVESTMENT MANAGERS SER TR I TARK

AXS 2X INVTN NEW · ETP · CUSIP 46144X487

12 institutional holders +0 vs Q1 2023
72,64672.6k shares reported held*
$5.4mreported value*
4 new 3 added 3 reduced 4 sold out net bought ≈ $276.0k (+3.7k 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 ≈ $73.67. Options: 3 managers hold calls ($539.9k notional), 3 hold puts ($957.8k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

051015Q4 22: 10Q1 23: 12Q2 23: 1212Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q4 202210
Q1 202312
Q2 202312

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q1 23: 6 bought or addedQ1 23: 6 cut or sold outQ1 23Q2 23: 7 bought or addedQ2 23: 7 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q1 202366
Q2 202377

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $365.0kQ4 22 puts: $371.0kQ4 22P/C 1.02Q1 23 calls: $427.7kQ1 23 puts: $198.0kQ1 23P/C 0.46Q2 23 calls: $539.9kQ2 23 puts: $957.8kQ2 23P/C 1.77
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$365.0k$371.0k1.02
Q1 2023$427.7k$198.0k0.46
Q2 2023$539.9k$957.8k1.77

Biggest buyers

CITADEL ADVISORS LLC Added +25,277+25.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +10,110+10.1k
RENAISSANCE TECHNOLOGIES LLC New +4,066+4.1k
Belvedere Trading LLC New +3,118+3.1k
UBS Group AG New +2,983+3.0k
SIMPLEX TRADING, LLC Added +507+507
Cutler Group LLC / CA New +100+100

Biggest sellers

JANE STREET GROUP, LLC Sold out -19,457-19.5k
HRT FINANCIAL LP Sold out -16,626-16.6k
TWO SIGMA SECURITIES, LLC Sold out -3,950-4.0k
Waterford Advisors, LLC Reduced -800-800
Tower Research Capital LLC (TRC) Reduced -707-707
Headlands Technologies LLC Sold out -475-475
OSAIC HOLDINGS, INC. Reduced -400-400

Biggest calls

Belvedere Trading LLC Reduced $331.6k4.5k shares
CITADEL ADVISORS LLC Added $206.3k2.8k shares
Cutler Group LLC / CA Reduced $2.0k300 shares

Biggest puts

CITADEL ADVISORS LLC Added $810.5k11.0k shares
Belvedere Trading LLC Reduced $147.4k2.0k shares
Cutler Group LLC / CA Reduced $0300 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 42,15442.2k $3.1m $3.1m 0.00% Added +25.3k +25,277
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,46715.5k $1.1m $1.1m 0.00% Added +10.1k +10,110
3 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 4,0664.1k $300.0k $300.0k 0.00% New
4 Waterford Advisors, LLC 0.12% of their portfolio ORCHARD PARK, NY 3,5003.5k $258.0k $258.0k 0.12% Reduced -800 -800
5 Belvedere Trading LLC 0.07% of their portfolio CHICAGO, IL 3,1183.1k $229.7k $229.7k 0.07% New
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,9833.0k $219.8k $219.8k 0.00% New
7 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 665665 $48.0k $48.0k 0.00% Added +507 +507
8 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 252252 $18.6k $18.6k 0.00% Reduced -400 -400
9 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 200200 $14.7k $14.7k 0.00% Unchanged
10 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 141141 $10.4k $10.4k 0.00% Reduced -707 -707
11 Cutler Group LLC / CA 0.00% of their portfolio SAN FRANCISCO, CA 100100 $7.0k $7.0k 0.00% New
12 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged