Vault-13

INVESTMENT MANAGERS SER TR I

AXS SHORT INNOV · CUSIP 46144X628

44 institutional holders -3 vs Q2 2023
1,017,0961.0m shares reported held*
$40.6mreported value*
8 new 10 added 17 reduced 11 sold out net sold ≈ $473.3k (-11.9k 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 ≈ $39.88. Options: 5 managers hold calls ($21.2m notional), 4 hold puts ($7.7m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 35Q4 22: 42Q1 23: 55Q2 23: 47Q3 23: 4444Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202235
Q4 202242
Q1 202355
Q2 202347
Q3 202344

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 24 bought or addedQ4 22: 20 cut or sold outQ4 22Q1 23: 41 bought or addedQ1 23: 18 cut or sold outQ1 23Q2 23: 16 bought or addedQ2 23: 30 cut or sold outQ2 23Q3 23: 18 bought or addedQ3 23: 28 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222420
Q1 20234118
Q2 20231630
Q3 20231828

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ4 22 calls: $22.5mQ4 22 puts: $18.4mQ4 22P/C 0.82Q1 23 calls: $15.8mQ1 23 puts: $16.9mQ1 23P/C 1.07Q2 23 calls: $10.0mQ2 23 puts: $4.4mQ2 23P/C 0.44Q3 23 calls: $21.2mQ3 23 puts: $7.7mQ3 23P/C 0.36
Numbers
QuarterCallsPutsP/C
Q4 2022$22.5m$18.4m0.82
Q1 2023$15.8m$16.9m1.07
Q2 2023$10.0m$4.4m0.44
Q3 2023$21.2m$7.7m0.36

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +59,200+59.2k
MEDICI CAPITAL LLC New +45,000+45.0k
M Holdings Securities, Inc. Added +41,292+41.3k
Hilltop Holdings Inc. New +20,175+20.2k
Fortis Capital Advisors, LLC New +10,343+10.3k
Belpointe Asset Management LLC New +10,343+10.3k
LEVIN CAPITAL STRATEGIES, L.P. New +8,000+8.0k
Advisory Services Network, LLC Added +7,875+7.9k
Sovereign Financial Group, Inc. New +7,425+7.4k
Blue Investment Partners LLC New +6,616+6.6k

Biggest sellers

Harel Insurance Investments & Financial Services Ltd. Reduced -41,500-41.5k
IMC-Chicago, LLC Sold out -35,749-35.7k
Clayton Partners LLC Reduced -30,000-30.0k
HRT FINANCIAL LP Sold out -14,231-14.2k
MYDA Advisors LLC Reduced -14,000-14.0k
Integrated Wealth Concepts LLC Reduced -13,825-13.8k
CIBC WORLD MARKET INC. Reduced -13,195-13.2k
CITADEL ADVISORS LLC Reduced -8,144-8.1k
BOKF, NA Sold out -8,000-8.0k
Vontobel Holding Ltd. Sold out -7,800-7.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $15.7m396.1k shares
CITADEL ADVISORS LLC Added $2.9m72.9k shares
WOLVERINE TRADING, LLC New $2.1m52.2k shares
GTS SECURITIES LLC New $436.7k11.0k shares
Cutler Group LLC / CA Added $29.0k20.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.7m118.2k shares
CITADEL ADVISORS LLC Added $2.2m55.5k shares
WOLVERINE TRADING, LLC New $762.2k19.2k shares
Cutler Group LLC / CA Added $15.0k19.9k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 274,310274.3k $10.9m $10.9m 0.02% Added +59.2k +59,200
2 Sepio Capital, LP 0.58% of their portfolio Salt Lake City, UT 164,800164.8k $6.7m $6.7m 0.58% Reduced -888 -888
3 CROWN ADVISORS MANAGEMENT, INC. 2.82% of their portfolio LARKSPUR, CA 100,000100.0k $4.0m $4.0m 2.82% Unchanged
4 Concentric Capital Strategies, LP 0.25% of their portfolio Stamford, CT 55,34555.3k $2.2m $2.2m 0.25% Added +6.3k +6,345
5 M Holdings Securities, Inc. 0.29% of their portfolio PORTLAND, OR 55,29255.3k $2.2m $2.2m 0.29% Added +41.3k +41,292
6 MEDICI CAPITAL LLC 4.01% of their portfolio NEWPORT BEACH, CA 45,00045.0k $1.8m $1.8m 4.01% New
7 Galibier Capital Management Ltd. 0.30% of their portfolio TORONTO, A6 33,50033.5k $1.3m $1.3m 0.30% Reduced -3.0k -3,000
8 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 25,31925.3k $1.0m $1.0m 0.02% Reduced -13.8k -13,825
9 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 22,59322.6k $897.0k $897.0k 0.00% Reduced -13.2k -13,195
10 Dynamic Advisor Solutions LLC 0.04% of their portfolio PHOENIX, AZ 21,50421.5k $853.7k $853.7k 0.04% Reduced -2.7k -2,658
11 Patriot Financial Group Insurance Agency, LLC 0.17% of their portfolio Westborough, MA 21,00521.0k $833.9k $833.9k 0.17% Added +510 +510
12 Hilltop Holdings Inc. 0.10% of their portfolio DALLAS, TX 20,17520.2k $800.9k $800.9k 0.10% New
13 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 16,24016.2k $644.7k $644.7k 0.02% Added +7.9k +7,875
14 Clayton Partners LLC 0.51% of their portfolio BERKELEY, CA 15,00015.0k $595.5k $595.5k 0.51% Reduced -30.0k -30,000
15 Mutual Advisors, LLC 0.02% of their portfolio OMAHA, NE 13,71313.7k $544.4k $544.4k 0.02% Added +1.3k +1,300
16 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 13,37113.4k $531.0k $531.0k 0.01% Reduced -4.2k -4,158
17 MYDA Advisors LLC 0.18% of their portfolio WOODMERE, NY 12,00012.0k $476.4k $476.4k 0.18% Reduced -14.0k -14,000
18 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 10,67610.7k $423.8k $423.8k 0.01% Reduced -5.8k -5,804
19 Belpointe Asset Management LLC 0.04% of their portfolio RENO, NV 10,34310.3k $410.6k $410.6k 0.04% New
20 Fortis Capital Advisors, LLC 0.26% of their portfolio PRAIRIE VILLAGE, KS 10,34310.3k $410.6k $410.6k 0.26% New
21 Meridian Wealth Management, LLC 0.02% of their portfolio LEXINGTON, KY 9,7339.7k $386.4k $386.4k 0.02% Unchanged
22 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.02% of their portfolio RICHMOND, VA 8,6858.7k $344.8k $344.8k 0.02% Added +62 +62
23 LEVIN CAPITAL STRATEGIES, L.P. 0.04% of their portfolio NEW YORK, NY 8,0008.0k $317.6k $317.6k 0.04% New
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,4347.4k $295.1k $295.1k 0.00% Reduced -3.5k -3,513
25 Sovereign Financial Group, Inc. 0.10% of their portfolio STAMFORD, CT 7,4257.4k $294.8k $294.8k 0.10% New
26 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 6,9707.0k $276.7k $276.7k 0.00% Reduced -861 -861
27 Blue Investment Partners LLC 0.21% of their portfolio ALAMO, CA 6,6166.6k $262.7k $262.7k 0.21% New
28 Truepoint, Inc. 0.01% of their portfolio CINCINNATI, OH 6,0006.0k $238.2k $238.2k 0.01% Unchanged
29 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,6425.6k $224.0k $224.0k 0.00% Added +4.0k +4,021
30 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 2,3782.4k $95.7k $95.7k 0.00% Reduced -18 -18
31 Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio Ramat Gan, L3 2,0002.0k $81.0k $81.0k 0.00% Reduced -41.5k -41,500
32 HOEY INVESTMENTS, INC 0.02% of their portfolio COATESVILLE, PA 1,7001.7k $67.5k $67.5k 0.02% Added +500 +500
33 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 1,1641.2k $46.2k $46.2k 0.00% Reduced -8.1k -8,144
34 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,0531.1k $41.8k $41.8k 0.00% New
35 GABLES CAPITAL MANAGEMENT INC. 0.03% of their portfolio MIAMI, FL 1,0001.0k $39.7k $39.7k 0.03% Reduced -400 -400
36 Retirement Group, LLC 0.01% of their portfolio SAN DIEGO, CA 454454 $18.0k $18.0k 0.01% Unchanged
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 100100 $4.0k $4.0k 0.00% Added +50 +50
38 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 8585 $3.4k $3.4k 0.00% Unchanged
39 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 7878 $3.1k $3.1k 0.00% Reduced -1.7k -1,735
40 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2929 $1.2k $1.2k 0.00% Reduced -2.1k -2,095
41 Coston, McIsaac & Partners 0.00% of their portfolio BAR HARBOR, ME 1919 $0 $0 0.00% Unchanged
42 IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 0.00% of their portfolio SINGAPORE, U0 22 $79 $79 0.00% Unchanged
43 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $40 $40 0.00% Unchanged
44 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged