Vault-13

LISTED FDS TR HEGD

SWAN HEDGED EQTY · ETP · CUSIP 53656F599

38 institutional holders +4 vs Q3 2023
7,275,6397.3m shares reported held*
$142.0mreported value*
5 new 11 added 16 reduced 3 sold out net bought ≈ $4.5m (+229.8k 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 ≈ $19.52.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 27Q4 22: 29Q1 23: 35Q2 23: 28Q3 23: 34Q4 23: 3838Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202227
Q4 202229
Q1 202335
Q2 202328
Q3 202334
Q4 202338

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 23Q4 23: 16 bought or addedQ4 23: 19 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022918
Q1 20231812
Q2 20231321
Q3 20231913
Q4 20231619

Biggest buyers

CWM, LLC Added +470,492+470.5k
Advisor Resource Council Added +218,254+218.3k
JANE STREET GROUP, LLC New +95,211+95.2k
CHILTON CAPITAL MANAGEMENT LLC Added +31,792+31.8k
Atria Investments, Inc Added +29,439+29.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +23,380+23.4k
STIFEL FINANCIAL CORP Added +19,967+20.0k
Baird Financial Group, Inc. Added +19,168+19.2k
Cedar Brook Financial Partners, LLC New +11,923+11.9k
CITADEL ADVISORS LLC New +10,826+10.8k

Biggest sellers

Swan Global Investments, LLC Reduced -253,701-253.7k
Beacon Pointe Advisors, LLC Reduced -234,302-234.3k
KICKSTAND VENTURES, LLC. Sold out -130,152-130.2k
ENVESTNET ASSET MANAGEMENT INC Reduced -33,631-33.6k
RETIREMENT GUYS FORMULA LLC Reduced -24,933-24.9k
Envestnet Portfolio Solutions, Inc. Sold out -14,859-14.9k
Parallel Advisors, LLC Reduced -10,956-11.0k
Syntegra Private Wealth Group, LLC Reduced -8,524-8.5k
OSAIC HOLDINGS, INC. Reduced -6,560-6.6k
Cambridge Investment Research Advisors, Inc. Reduced -5,647-5.6k

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Swan Global Investments, LLC 3.11% of their portfolio DURANGO, CO 3,050,5733.1m $59.5m $59.5m 3.11% Reduced -253.7k -253,701
2 CWM, LLC 0.12% of their portfolio OMAHA, NE 1,113,6401.1m $21.7m $21.7m 0.12% Added +470.5k +470,492
3 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 901,380901.4k $17.6m $17.6m 0.01% Reduced -33.6k -33,631
4 Beacon Pointe Advisors, LLC 0.12% of their portfolio NEWPORT BEACH, CA 505,057505.1k $9.9m $9.9m 0.12% Reduced -234.3k -234,302
5 RETIREMENT GUYS FORMULA LLC 3.88% of their portfolio MAUMEE, OH 371,006371.0k $7.2m $7.2m 3.88% Reduced -24.9k -24,933
6 Advisor Resource Council 0.53% of their portfolio DALLAS, TX 235,190235.2k $4.6m $4.6m 0.53% Added +218.3k +218,254
7 Atria Investments, Inc 0.05% of their portfolio Charlotte, NC 152,288152.3k $3.0m $3.0m 0.05% Added +29.4k +29,439
8 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 95,21195.2k $1.9m $1.9m 0.00% New
9 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 88,82988.8k $1.7m $1.7m 0.01% Reduced -5.6k -5,647
10 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 75,29275.3k $1.5m $1.5m 0.00% Reduced -6.6k -6,560
11 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 70,11270.1k $1.4m $1.4m 0.00% Added +20.0k +19,967
12 Spire Wealth Management 0.04% of their portfolio MCLEAN, VA 67,15067.2k $1.3m $1.3m 0.04% Reduced -4.9k -4,941
13 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 51,67251.7k $1.0m $1.0m 0.00% Added +9.9k +9,896
14 Syntegra Private Wealth Group, LLC 0.14% of their portfolio Chesterfield, MO 50,78650.8k $991.4k $991.4k 0.14% Reduced -8.5k -8,524
15 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 50,04050.0k $974.3k $974.3k 0.01% Added +9.7k +9,674
16 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 50,04050.0k $974.3k $974.3k 0.01% Added +9.7k +9,674
17 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 38,71138.7k $755.6k $755.6k 0.00% Added +19.2k +19,168
18 CHILTON CAPITAL MANAGEMENT LLC 0.04% of their portfolio HOUSTON, TX 38,63638.6k $754.2k $754.2k 0.04% Added +31.8k +31,792
19 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 24,92724.9k $487.0k $487.0k 0.00% Reduced -5.0k -4,952
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 23,38023.4k $456.4k $456.4k 0.00% New
21 FOCUS FINANCIAL NETWORK INC /ADV 0.02% of their portfolio Minneapolis, MN 23,37823.4k $458.1k $458.1k 0.02% First filing
22 Dynamic Advisor Solutions LLC 0.02% of their portfolio PHOENIX, AZ 21,52521.5k $416.1k $416.1k 0.02% Added +10.3k +10,307
23 Williams & Novak, LLC 0.48% of their portfolio WESTLAKE VILLAGE, CA 21,52521.5k $420.2k $420.2k 0.48% First filing
24 CREATIVE FINANCIAL DESIGNS INC /ADV 0.04% of their portfolio KOKOMO, IN 20,03420.0k $391.1k $391.1k 0.04% Reduced -3.5k -3,454
25 Clearview Wealth Advisors LLC 0.41% of their portfolio SALEM, OR 17,95017.9k $350.4k $350.4k 0.41% Reduced -3.6k -3,580
26 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 17,93617.9k $350.1k $350.1k 0.01% Reduced -613 -613
27 AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio DALLAS, TX 17,67517.7k $345.0k $345.0k 0.00% Added +3.5k +3,500
28 Ascentis Independent Advisors 0.08% of their portfolio DALLAS, TX 16,91916.9k $330.3k $330.3k 0.08% Reduced -4.0k -3,961
29 Atria Wealth Solutions, Inc. 0.00% of their portfolio NEW YORK, NY 14,32114.3k $280.6k $280.6k 0.00% Reduced -2.8k -2,786
30 Clear Creek Financial Management, LLC 0.04% of their portfolio SILVERDALE, WA 14,28914.3k $278.9k $278.9k 0.04% Unchanged
31 Cedar Brook Financial Partners, LLC 0.05% of their portfolio CLEVELAND, OH 11,92311.9k $234.2k $234.2k 0.05% New
32 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 10,82610.8k $211.3k $211.3k 0.00% New
33 Resurgent Financial Advisors LLC 0.06% of their portfolio ATLANTA, GA 5,1805.2k $101.1k $101.1k 0.06% New
34 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,6204.6k $90.2k $90.2k 0.00% Reduced -11.0k -10,956
35 Caitlin John, LLC 0.05% of their portfolio BRIGHTON, MI 2,9402.9k $57.5k $57.5k 0.05% First filing
36 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 538538 $10.5k $10.5k 0.00% Reduced -300 -300
37 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 130130 $2.5k $2.5k 0.00% Unchanged
38 DHJJ Financial Advisors, Ltd. 0.00% of their portfolio NAPERVILLE, IL 1010 $196 $196 0.00% Unchanged