Vault-13

LISTED FDS TR HEGD

SWAN HEDGED EQTY · ETP · CUSIP 53656F599

34 institutional holders +6 vs Q2 2023
7,018,0037.0m shares reported held*
$127.1mreported value*
7 new 12 added 10 reduced 3 sold out net bought ≈ $60.4m (+3.3m 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 ≈ $18.11.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 27Q4 22: 29Q1 23: 35Q2 23: 28Q3 23: 3434Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202227
Q4 202229
Q1 202335
Q2 202328
Q3 202334

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 9 bought or addedQ4 22: 18 cut or sold outQ4 22Q1 23: 18 bought or addedQ1 23: 12 cut or sold outQ1 23Q2 23: 13 bought or addedQ2 23: 21 cut or sold outQ2 23Q3 23: 19 bought or addedQ3 23: 13 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022918
Q1 20231812
Q2 20231321
Q3 20231913

Biggest buyers

Swan Global Investments, LLC New +3,304,274+3.3m
CWM, LLC Added +589,508+589.5k
Atria Investments, Inc Added +49,311+49.3k
Advisor Resource Council New +16,936+16.9k
AVANTAX ADVISORY SERVICES, INC. New +14,175+14.2k
LPL Financial LLC Added +14,036+14.0k
OSAIC HOLDINGS, INC. Added +12,119+12.1k
Parallel Advisors, LLC Added +11,415+11.4k
Dynamic Advisor Solutions LLC New +11,218+11.2k
STIFEL FINANCIAL CORP Added +8,043+8.0k

Biggest sellers

TCWP LLC Sold out -426,510-426.5k
CreativeOne Wealth, LLC Sold out -146,920-146.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -46,252-46.3k
Claybrook Capital, LLC Reduced -45,000-45.0k
Beacon Pointe Advisors, LLC Reduced -23,833-23.8k
RETIREMENT GUYS FORMULA LLC Reduced -14,320-14.3k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -7,597-7.6k
Cambridge Investment Research Advisors, Inc. Reduced -6,838-6.8k
Clearview Wealth Advisors LLC Reduced -2,180-2.2k
Ascentis Independent Advisors Reduced -1,406-1.4k

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Swan Global Investments, LLC 3.20% of their portfolio DURANGO, CO 3,304,2743.3m $59.8m $59.8m 3.20% New
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 935,011935.0k $16.9m $16.9m 0.01% Reduced -46.3k -46,252
3 Beacon Pointe Advisors, LLC 0.17% of their portfolio NEWPORT BEACH, CA 739,359739.4k $13.4m $13.4m 0.17% Reduced -23.8k -23,833
4 CWM, LLC 0.07% of their portfolio OMAHA, NE 643,148643.1k $11.7m $11.7m 0.07% Added +589.5k +589,508
5 RETIREMENT GUYS FORMULA LLC 4.99% of their portfolio MAUMEE, OH 395,939395.9k $7.2m $7.2m 4.99% Reduced -14.3k -14,320
6 KICKSTAND VENTURES, LLC. 0.73% of their portfolio PITTSFORD, NY 130,152130.2k $2.4m $2.4m 0.73% First filing
7 Atria Investments, Inc 0.04% of their portfolio Charlotte, NC 122,849122.8k $2.2m $2.2m 0.04% Added +49.3k +49,311
8 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 94,47694.5k $1.7m $1.7m 0.01% Reduced -6.8k -6,838
9 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 81,85281.9k $1.5m $1.5m 0.00% Added +12.1k +12,119
10 Spire Wealth Management 0.05% of their portfolio MCLEAN, VA 72,09172.1k $1.3m $1.3m 0.05% Added +734 +734
11 Syntegra Private Wealth Group, LLC 0.17% of their portfolio Chesterfield, MO 59,31059.3k $1.1m $1.1m 0.17% Added +1.4k +1,408
12 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 50,14550.1k $908.4k $908.4k 0.00% Added +8.0k +8,043
13 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 41,77641.8k $756.8k $756.8k 0.00% Added +14.0k +14,036
14 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 40,36640.4k $731.2k $731.2k 0.01% Added +5.6k +5,642
15 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 40,36640.4k $731.2k $731.2k 0.01% Added +5.6k +5,642
16 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 29,87929.9k $541.0k $541.0k 0.00% Reduced -7.6k -7,597
17 CREATIVE FINANCIAL DESIGNS INC /ADV 0.05% of their portfolio KOKOMO, IN 23,48823.5k $425.5k $425.5k 0.05% Reduced -495 -495
18 Clearview Wealth Advisors LLC 0.48% of their portfolio SALEM, OR 21,53021.5k $390.0k $390.0k 0.48% Reduced -2.2k -2,180
19 Ascentis Independent Advisors 0.11% of their portfolio DALLAS, TX 20,88020.9k $378.2k $378.2k 0.11% Reduced -1.4k -1,406
20 Claybrook Capital, LLC 0.21% of their portfolio WELLESLEY, MA 20,00020.0k $362.3k $362.3k 0.21% Reduced -45.0k -45,000
21 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 19,54319.5k $354.0k $354.0k 0.00% Added +3.0k +3,008
22 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 18,54918.5k $336.0k $336.0k 0.01% Unchanged
23 Atria Wealth Solutions, Inc. 0.00% of their portfolio NEW YORK, NY 17,10717.1k $309.9k $309.9k 0.00% Reduced -543 -543
24 Advisor Resource Council 0.20% of their portfolio DALLAS, TX 16,93616.9k $306.8k $306.8k 0.20% New
25 Parallel Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 15,57615.6k $282.2k $282.2k 0.01% Added +11.4k +11,415
26 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 14,85914.9k $269.2k $269.2k 0.00% First filing
27 Clear Creek Financial Management, LLC 0.05% of their portfolio SILVERDALE, WA 14,28914.3k $258.8k $258.8k 0.05% Unchanged
28 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 14,17514.2k $256.8k $256.8k 0.00% New
29 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 11,21811.2k $203.2k $203.2k 0.01% New
30 CHILTON CAPITAL MANAGEMENT LLC 0.01% of their portfolio HOUSTON, TX 6,8446.8k $124.0k $124.0k 0.01% New
31 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0381.0k $18.8k $18.8k 0.00% New
32 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 838838 $15.2k $15.2k 0.00% Added +318 +318
33 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 130130 $2.4k $2.4k 0.00% Unchanged
34 DHJJ Financial Advisors, Ltd. 0.00% of their portfolio NAPERVILLE, IL 1010 $182 $182 0.00% New