Vault-13

LISTED FD TR OVT

OVERLAY SHS SHRT · ETP · CUSIP 53656F573

16 institutional holders +3 vs Q1 2026
2,318,2212.3m shares reported held*
$50.7mreported value*
5 new 4 added 5 reduced 3 sold out net sold ≈ $4.7m (-2.6m 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 ($19.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $21.86.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 7Q4 22: 6Q1 23: 7Q2 23: 8Q3 23: 9Q4 23: 12Q1 24: 13Q2 24: 12Q3 24: 10Q4 24: 11Q1 25: 14Q2 25: 12Q3 25: 11Q4 25: 11Q1 26: 13Q2 26: 1616Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 20227
Q4 20226
Q1 20237
Q2 20238
Q3 20239
Q4 202312
Q1 202413
Q2 202412
Q3 202410
Q4 202411
Q1 202514
Q2 202512
Q3 202511
Q4 202511
Q1 202613
Q2 202616

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q3 24: 5 bought or addedQ3 24: 7 cut or sold outQ4 24: 7 bought or addedQ4 24: 5 cut or sold outQ4 24Q1 25: 6 bought or addedQ1 25: 6 cut or sold outQ2 25: 5 bought or addedQ2 25: 6 cut or sold outQ2 25Q3 25: 8 bought or addedQ3 25: 2 cut or sold outQ4 25: 6 bought or addedQ4 25: 5 cut or sold outQ4 25Q1 26: 10 bought or addedQ1 26: 5 cut or sold outQ2 26: 9 bought or addedQ2 26: 8 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202457
Q4 202475
Q1 202566
Q2 202556
Q3 202582
Q4 202565
Q1 2026105
Q2 202698

Biggest buyers

True Link Financial Advisors, LLC New +23,510+23.5k
LPL Financial LLC New +19,665+19.7k
Nuveen, LLC New +9,598+9.6k
Holcombe Financial, Inc. Added +7,921+7.9k
EVOLUTION WEALTH MANAGEMENT INC. Added +7,823+7.8k
WELLS FARGO & COMPANY/MN New +7,268+7.3k
AE Wealth Management LLC Added +877+877
Atlantic Union Bankshares Corp Added +135+135
MORGAN STANLEY New +1+1

Biggest sellers

Oasis Advisors, LLC Reduced -2,515,559-2.5m
Orion Porfolio Solutions, LLC Reduced -89,411-89.4k
Wealthcare Advisory Partners LLC Sold out -13,528-13.5k
Virtu Financial LLC Reduced -10,163-10.2k
REAP Financial Group, LLC Reduced -1,686-1.7k
UBS Group AG Sold out -761-761
ROYAL BANK OF CANADA Sold out -592-592
Bison Wealth, LLC Reduced -572-572

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Bison Wealth, LLC 3.18% of their portfolio ATLANTA, GA 1,575,9081.6m $34.5m $34.5m 3.18% Reduced -572 -572
2 Holcombe Financial, Inc. 6.58% of their portfolio ATLANTA, GA 534,387534.4k $11.7m $11.7m 6.58% Added +7.9k +7,921
3 EVOLUTION WEALTH MANAGEMENT INC. 0.45% of their portfolio FORT MYERS, FL 34,90434.9k $761.8k $761.8k 0.45% Added +7.8k +7,823
4 Oasis Advisors, LLC 0.47% of their portfolio FOREST CITY, IA 32,97633.0k $719.7k $719.7k 0.47% Reduced -2.5m -2,515,559
5 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 23,94023.9k $522.5k $522.5k 0.00% Reduced -89.4k -89,411
6 True Link Financial Advisors, LLC 0.03% of their portfolio SAN FRANCISCO, CA 23,51023.5k $513.1k $513.1k 0.03% New
7 Virtu Financial LLC 0.02% of their portfolio New York, NY 22,82622.8k $498.0k $498.0k 0.02% Reduced -10.2k -10,163
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 19,66519.7k $429.2k $429.2k 0.00% New
9 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 15,57315.6k $339.9k $339.9k 0.00% Unchanged
10 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 9,5989.6k $209.5k $209.5k 0.00% New
11 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 8,4218.4k $183.8k $183.8k 0.00% Added +135 +135
12 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 7,2687.3k $158.6k $158.6k 0.00% New
13 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 5,2425.2k $114.4k $114.4k 0.00% First filing
14 REAP Financial Group, LLC 0.01% of their portfolio AUSTIN, TX 4,0014.0k $87.3k $87.3k 0.01% Reduced -1.7k -1,686
15 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 878878 $19.2k $19.2k 0.00% Added +877 +877
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11 $23 $23 0.00% New