Vault-13

INVESTMENT MANAGERS SER TR I

AXS SHORT INNOV · CUSIP 46144X628

27 institutional holders -5 vs Q1 2024
1,746,0031.7m shares reported held*
$53.4mreported value*
3 new 5 added 10 reduced 7 sold out net bought ≈ $4.6m (+151.0k 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 ≈ $30.57. Options: 3 managers hold calls ($7.2m notional), 3 hold puts ($4.5m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 35Q4 22: 42Q1 23: 55Q2 23: 47Q3 23: 44Q4 23: 37Q1 24: 32Q2 24: 2727Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202235
Q4 202242
Q1 202355
Q2 202347
Q3 202344
Q4 202337
Q1 202432
Q2 202427

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 outQ2 23: 16 bought or addedQ2 23: 30 cut or sold outQ2 23Q3 23: 18 bought or addedQ3 23: 28 cut or sold outQ4 23: 17 bought or addedQ4 23: 25 cut or sold outQ4 23Q1 24: 17 bought or addedQ1 24: 22 cut or sold outQ2 24: 8 bought or addedQ2 24: 17 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222420
Q1 20234118
Q2 20231630
Q3 20231828
Q4 20231725
Q1 20241722
Q2 2024817

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 23 calls: $21.2mQ3 23 puts: $7.7mQ3 23P/C 0.36Q4 23 calls: $23.1mQ4 23 puts: $4.7mQ4 23P/C 0.20Q1 24 calls: $16.0mQ1 24 puts: $3.3mQ1 24P/C 0.21Q2 24 calls: $7.2mQ2 24 puts: $4.5mQ2 24P/C 0.62
Numbers
QuarterCallsPutsP/C
Q3 2023$21.2m$7.7m0.36
Q4 2023$23.1m$4.7m0.20
Q1 2024$16.0m$3.3m0.21
Q2 2024$7.2m$4.5m0.62

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +293,047+293.0k
Gunderson Capital Management LLC New +114,626+114.6k
Clayton Partners LLC New +55,000+55.0k
CIBC WORLD MARKET INC. Added +10,274+10.3k
UBS Group AG Added +7,483+7.5k
HOEY INVESTMENTS, INC Added +1,000+1.0k
COMERICA BANK Added +107+107
BANK OF AMERICA CORP /DE/ New +23+23

Biggest sellers

MYDA Advisors LLC Sold out -100,000-100.0k
Concentric Capital Strategies, LP Sold out -76,592-76.6k
HRT FINANCIAL LP Sold out -44,470-44.5k
SIMPLEX TRADING, LLC Sold out -34,843-34.8k
MORGAN STANLEY Reduced -26,633-26.6k
CORSAIR CAPITAL MANAGEMENT, L.P. Reduced -10,068-10.1k
CITADEL ADVISORS LLC Reduced -8,909-8.9k
Qube Research & Technologies Ltd Reduced -8,845-8.8k
Integrated Wealth Concepts LLC Reduced -7,732-7.7k
Mutual Advisors, LLC Reduced -3,550-3.5k

Biggest calls

Belvedere Trading LLC New $3.3m109.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.0m98.6k shares
CITADEL ADVISORS LLC Reduced $813.4k26.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m96.1k shares
Belvedere Trading LLC New $1.3m42.3k shares
CITADEL ADVISORS LLC Reduced $220.2k7.2k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio BALA CYNWYD, PA 1,362,8161.4m $41.7m $41.7m 0.07% Added +293.0k +293,047
2 Gunderson Capital Management LLC 1.50% of their portfolio Mt. Pleasant, SC 114,626114.6k $3.5m $3.5m 1.50% New
3 Clayton Partners LLC 1.35% of their portfolio BERKELEY, CA 55,00055.0k $1.7m $1.7m 1.35% New
4 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 51,66451.7k $1.6m $1.6m 0.00% Reduced -8.9k -8,909
5 M Holdings Securities, Inc. 0.15% of their portfolio PORTLAND, OR 38,03038.0k $1.2m $1.2m 0.15% Reduced -1.5k -1,500
6 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 33,47833.5k $1.0m $1.0m 0.01% Reduced -7.7k -7,732
7 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 23,52023.5k $719.0k $719.0k 0.00% Added +10.3k +10,274
8 Nicholas Hoffman & Company, LLC. 0.02% of their portfolio ATLANTA, GA 15,00015.0k $458.7k $458.7k 0.02% Unchanged
9 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 11,24011.2k $343.7k $343.7k 0.00% Reduced -2.5k -2,471
10 CORSAIR CAPITAL MANAGEMENT, L.P. 0.05% of their portfolio NEW YORK, NY 9,7999.8k $299.7k $299.7k 0.05% Reduced -10.1k -10,068
11 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 8,3348.3k $248.1k $248.1k 0.01% Reduced -3.5k -3,550
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,8037.8k $238.6k $238.6k 0.00% Added +7.5k +7,483
13 HOEY INVESTMENTS, INC 0.03% of their portfolio COATESVILLE, PA 5,5005.5k $168.2k $168.2k 0.03% Added +1.0k +1,000
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,2335.2k $160.0k $160.0k 0.00% Reduced -26.6k -26,633
15 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 1,6501.6k $48.4k $48.4k 0.00% Unchanged
16 COMERICA BANK 0.00% of their portfolio DALLAS, TX 1,1601.2k $35.5k $35.5k 0.00% Added +107 +107
17 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 490490 $15.0k $15.0k 0.00% Reduced -1.6k -1,610
18 Headlands Technologies LLC 0.00% of their portfolio CHICAGO, IL 455455 $13.9k $13.9k 0.00% Reduced -2.6k -2,571
19 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 8585 $2.6k $2.6k 0.00% Unchanged
20 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 5050 $1.5k $1.5k 0.00% Unchanged
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2323 $703 $703 0.00% New
22 Coston, McIsaac & Partners 0.00% of their portfolio BAR HARBOR, ME 2222 $0 $0 0.00% Unchanged
23 Clear Point Advisors Inc. 0.00% of their portfolio MELVILLE, NY 2222 $687 $687 0.00% Unchanged
24 IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 0.00% of their portfolio SINGAPORE, U0 22 $61 $61 0.00% Unchanged
25 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $31 $31 0.00% Unchanged
26 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 11 $31 $31 0.00% Reduced -8.8k -8,845
27 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged