Vault-13

LISTED FDS TR HEGD

SWAN HEDGED EQTY · ETP · CUSIP 53656F599

80 institutional holders -1 vs Q4 2025
21,282,45021.3m shares reported held*
$525.7mreported value*
11 new 33 added 25 reduced 10 sold out net bought ≈ $24.6m (+994.2k 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 ($18.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.70.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 27Q4 22: 29Q1 23: 35Q2 23: 28Q3 23: 34Q4 23: 38Q1 24: 40Q2 24: 44Q3 24: 44Q4 24: 63Q1 25: 71Q2 25: 64Q3 25: 69Q4 25: 81Q1 26: 8080Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202227
Q4 202229
Q1 202335
Q2 202328
Q3 202334
Q4 202338
Q1 202440
Q2 202444
Q3 202444
Q4 202463
Q1 202571
Q2 202564
Q3 202569
Q4 202581
Q1 202680

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 27 bought or addedQ2 24: 14 cut or sold outQ3 24: 26 bought or addedQ3 24: 18 cut or sold outQ3 24Q4 24: 36 bought or addedQ4 24: 13 cut or sold outQ1 25: 40 bought or addedQ1 25: 28 cut or sold outQ1 25Q2 25: 33 bought or addedQ2 25: 30 cut or sold outQ3 25: 43 bought or addedQ3 25: 19 cut or sold outQ3 25Q4 25: 52 bought or addedQ4 25: 24 cut or sold outQ1 26: 44 bought or addedQ1 26: 35 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20242714
Q3 20242618
Q4 20243613
Q1 20254028
Q2 20253330
Q3 20254319
Q4 20255224
Q1 20264435

Biggest buyers

O'SHAUGHNESSY ASSET MANAGEMENT, LLC New +726,168+726.2k
ENVESTNET ASSET MANAGEMENT INC Added +716,030+716.0k
CWM, LLC Added +694,636+694.6k
LAUREL OAK WEALTH MANAGEMENT, LLC Added +265,389+265.4k
Inspire Advisors, LLC New +231,966+232.0k
Taylor Securities Services, Inc. Added +172,590+172.6k
J.W. COLE ADVISORS, INC. Added +143,441+143.4k
LPL Financial LLC Added +134,736+134.7k
Beacon Pointe Advisors, LLC Added +100,005+100.0k
VISTA INVESTMENT PARTNERS II, LLC New +78,139+78.1k

Biggest sellers

Swan Global Investments, LLC Reduced -1,220,057-1.2m
FRANKLIN RESOURCES INC Sold out -513,742-513.7k
MY Wealth Management Inc. Sold out -384,483-384.5k
NewEdge Advisors, LLC Reduced -171,067-171.1k
Thompson David Blair Reduced -117,168-117.2k
Orion Porfolio Solutions, LLC Sold out -84,314-84.3k
Spartan Planning & Wealth Management Reduced -56,243-56.2k
PRIVATE TRUST CO NA Reduced -47,600-47.6k
Csenge Advisory Group Sold out -31,322-31.3k
WELLS FARGO & COMPANY/MN Sold out -18,718-18.7k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CWM, LLC 0.30% of their portfolio OMAHA, NE 4,586,4824.6m $113.3m $113.3m 0.30% Added +694.6k +694,636
2 Taylor Securities Services, Inc. 24.87% of their portfolio HARRISBURG, PA 2,156,9242.2m $53.3m $53.3m 24.87% Added +172.6k +172,590
3 Swan Global Investments, LLC 2.11% of their portfolio DURANGO, CO 1,592,1811.6m $39.3m $39.3m 2.11% Reduced -1.2m -1,220,057
4 Blueprint Investment Partners LLC 3.92% of their portfolio GREENSBORO, NC 1,556,8101.6m $38.5m $38.5m 3.92% Reduced -7.7k -7,726
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,412,6001.4m $34.9m $34.9m 0.01% Added +134.7k +134,736
6 NewEdge Advisors, LLC 0.13% of their portfolio NEW ORLEANS, LA 1,408,1271.4m $34.8m $34.8m 0.13% Reduced -171.1k -171,067
7 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 856,689856.7k $21.2m $21.2m 0.01% Added +716.0k +716,030
8 Blueprint Financial Advisors LLC 2.80% of their portfolio GREENSBOTO, NC 764,899764.9k $18.9m $18.9m 2.80% Added +31.0k +30,972
9 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.09% of their portfolio Stamford, CT 726,168726.2k $17.9m $17.9m 0.09% New
10 Legacy CG, LLC 4.71% of their portfolio PLANO, TX 686,712686.7k $17.0m $17.0m 4.71% Added +14.7k +14,742
11 Beacon Pointe Advisors, LLC 0.08% of their portfolio NEWPORT BEACH, CA 593,152593.2k $14.7m $14.7m 0.08% Added +100.0k +100,005
12 Avior Wealth Management, LLC 0.40% of their portfolio OMAHA, NE 576,125576.1k $14.2m $14.2m 0.40% Added +11.4k +11,391
13 Financial Designs Corp 7.51% of their portfolio CLAREMONT, CA 546,342546.3k $13.5m $13.5m 7.51% Added +189 +189
14 LAUREL OAK WEALTH MANAGEMENT, LLC 2.03% of their portfolio MARLTON, NJ 488,479488.5k $12.1m $12.1m 2.03% Added +265.4k +265,389
15 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 457,150457.1k $11.3m $11.3m 0.00% Added +51.9k +51,930
16 Ausdal Financial Partners, Inc. 0.41% of their portfolio Davenport, IA 369,577369.6k $9.1m $9.1m 0.41% Added +21.8k +21,834
17 Atria Investments, Inc 0.09% of their portfolio Charlotte, NC 320,914320.9k $7.9m $7.9m 0.09% Added +17.6k +17,564
18 Spartan Planning & Wealth Management 5.39% of their portfolio GREENSBORO, NC 294,970295.0k $7.3m $7.3m 5.39% Reduced -56.2k -56,243
19 RETIREMENT GUYS FORMULA LLC 3.28% of their portfolio MAUMEE, OH 289,135289.1k $7.1m $7.1m 3.28% Reduced -9.5k -9,546
20 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 280,750280.8k $6.9m $6.9m 0.02% Added +40.2k +40,221
21 Inspire Advisors, LLC 0.47% of their portfolio Meridian, ID 231,966232.0k $5.7m $5.7m 0.47% New
22 J.W. COLE ADVISORS, INC. 0.14% of their portfolio TAMPA, FL 172,348172.3k $4.3m $4.3m 0.14% Added +143.4k +143,441
23 Marshall & Sterling Wealth Advisors Inc. 2.45% of their portfolio POUGHKEEPSIE, NY 151,741151.7k $3.7m $3.7m 2.45% Added +2.9k +2,872
24 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 134,851134.9k $3.3m $3.3m 0.00% Added +16.9k +16,914
25 LaSalle St. Investment Advisors, LLC 0.37% of their portfolio ELMHURST, IL 107,088107.1k $2.6m $2.6m 0.37% Added +1.5k +1,525
26 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 88,30288.3k $2.2m $2.2m 0.00% Added +12.1k +12,134
27 Thompson David Blair 1.24% of their portfolio CHARLOTTE, NC 87,72587.7k $2.2m $2.2m 1.24% Reduced -117.2k -117,168
28 VISTA INVESTMENT PARTNERS II, LLC 0.87% of their portfolio RICHMOND, IN 78,13978.1k $1.9m $1.9m 0.87% New
29 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 76,11076.1k $1.9m $1.9m 0.00% Reduced -56 -56
30 SENTINEL PENSION ADVISORS, LLC 0.25% of their portfolio WAKEFIELD, MA 68,71968.7k $1.7m $1.7m 0.25% Added +19.9k +19,882
31 Independent Advisor Alliance 0.01% of their portfolio CHARLOTTE, NC 55,32355.3k $1.4m $1.4m 0.01% New
32 Barnes Wealth Management Group, Inc 0.67% of their portfolio Bakersfield, CA 53,44853.4k $1.3m $1.3m 0.67% Added +7.3k +7,256
33 Camarda Financial Advisors, LLC 0.67% of their portfolio FLEMING ISLAND, FL 51,70751.7k $1.3m $1.3m 0.67% Reduced -937 -937
34 Kingsview Wealth Management, LLC 0.02% of their portfolio GRANTS PASS, OR 44,73544.7k $1.1m $1.1m 0.02% Reduced -613 -613
35 CHILTON CAPITAL MANAGEMENT LLC 0.04% of their portfolio HOUSTON, TX 40,69340.7k $1.0m $1.0m 0.04% Added +1.8k +1,764
36 INTEGRITY ALLIANCE, LLC. 0.04% of their portfolio Urbandale, IA 40,51440.5k $1.0m $1.0m 0.04% Added +4.7k +4,654
37 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 39,44439.4k $974.3k $974.3k 0.00% Reduced -3.3k -3,330
38 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 35,28335.3k $871.5k $871.5k 0.00% Reduced -1.5k -1,495
39 WORLD EQUITY GROUP, INC. 0.22% of their portfolio SCHAUMBURG, IL 34,29734.3k $847.1k $847.1k 0.22% Added +12.2k +12,235
40 RIVERCHASE WEALTH MANAGEMENT, LLC 0.42% of their portfolio Flower Mound, TX 32,78732.8k $809.8k $809.8k 0.42% Unchanged
41 Regal Investment Advisors LLC 0.04% of their portfolio KENTWOOD, MI 30,47630.5k $752.8k $752.8k 0.04% New
42 Momentum Wealth Planning, LLC 0.65% of their portfolio ESTERO, FL 29,20729.2k $721.4k $721.4k 0.65% New
43 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 28,76928.8k $710.6k $710.6k 0.02% Reduced -335 -335
44 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.01% of their portfolio LOS ANGELES, CA 26,55426.6k $655.9k $655.9k 0.01% Reduced -1.4k -1,420
45 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 26,08526.1k $644.3k $644.3k 0.00% New
46 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 22,30922.3k $551.0k $551.0k 0.01% New
47 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 20,99521.0k $518.6k $518.6k 0.00% Added +6.5k +6,505
48 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 19,57219.6k $483.4k $483.4k 0.00% New
49 EverSource Wealth Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 18,44618.4k $455.6k $455.6k 0.01% Added +4.1k +4,119
50 WCG Wealth Advisors LLC 0.01% of their portfolio LAS VEGAS, NV 18,00918.0k $444.8k $444.8k 0.01% Added +402 +402
51 GRANITE ISLANDS PRIVATE WEALTH, LLC 0.41% of their portfolio GUILFORD, CT 17,95818.0k $443.6k $443.6k 0.41% Reduced -13.4k -13,383
52 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 15,09615.1k $372.9k $372.9k 0.00% Reduced -82 -82
53 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 14,61014.6k $360.9k $360.9k 0.00% Added +635 +635
54 Prosperity Financial Group, Inc. 0.13% of their portfolio San Ramon, CA 14,58914.6k $360.3k $360.3k 0.13% Added +198 +198
55 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 14,24914.2k $351.9k $351.9k 0.00% Unchanged
56 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 13,90913.9k $343.6k $343.6k 0.00% Added +794 +794
57 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 13,47213.5k $334.0k $334.0k 0.00% Added +3.6k +3,619
58 VestGen Advisors, LLC 0.01% of their portfolio CHICAGO, IL 11,73211.7k $311.4k $311.4k 0.01% Reduced -3.4k -3,419
59 Empire Financial Management Company, LLC 0.06% of their portfolio NEW YORK, NY 11,13311.1k $275.0k $275.0k 0.06% Added +1.2k +1,200
60 Syntegra Private Wealth Group, LLC 0.02% of their portfolio Chesterfield, MO 10,39010.4k $256.6k $256.6k 0.02% Unchanged
61 Vise Technologies, Inc. 0.00% of their portfolio NEW YORK, NY 9,8539.9k $248.4k $248.4k 0.00% Unchanged
62 MOSAIC FAMILY WEALTH PARTNERS, LLC 0.02% of their portfolio ST. LOUIS, MO 9,1099.1k $225.0k $225.0k 0.02% Unchanged
63 Global View Capital Management LLC 0.06% of their portfolio WAUKESHA, WI 8,9348.9k $220.7k $220.7k 0.06% New
64 Advisor Resource Council 0.09% of their portfolio DALLAS, TX 8,8308.8k $218.1k $218.1k 0.09% Reduced -5.6k -5,637
65 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 8,2508.2k $208.0k $208.0k 0.00% Reduced -1.2k -1,184
66 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5,4995.5k $135.8k $135.8k 0.00% Added +1.9k +1,898
67 Caitlin John, LLC 0.08% of their portfolio BRIGHTON, MI 5,1675.2k $127.6k $127.6k 0.08% Reduced -2.2k -2,167
68 CREATIVE FINANCIAL DESIGNS INC /ADV 0.01% of their portfolio KOKOMO, IN 5,0575.1k $124.9k $124.9k 0.01% Reduced -40 -40
69 Colonial Trust Co / SC 0.02% of their portfolio SPARTANBURG, SC 4,7984.8k $118.5k $118.5k 0.02% Reduced -1.0k -1,048
70 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,4744.5k $110.5k $110.5k 0.00% Unchanged
71 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 1,8751.9k $46.3k $46.3k 0.00% Reduced -26 -26
72 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 1,7711.8k $43.7k $43.7k 0.00% Unchanged
73 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,5851.6k $39.1k $39.1k 0.00% Unchanged
74 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,5531.6k $38.4k $38.4k 0.00% Reduced -47.6k -47,600
75 McIlrath & Eck, LLC 0.00% of their portfolio ARLINGTON, WA 1,0151.0k $25.1k $25.1k 0.00% Unchanged
76 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 1,0051.0k $24.8k $24.8k 0.00% Unchanged
77 Park Square Financial Group, LLC 0.15% of their portfolio ROSWELL, GA 799799 $19.7k $19.7k 0.15% Reduced -5.0k -5,028
78 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 481481 $11.8k $11.8k 0.00% Reduced -18 -18
79 Tradewinds Capital Management, LLC 0.00% of their portfolio BELLINGHAM, WA 318318 $7.9k $7.9k 0.00% New
80 DHJJ Financial Advisors, Ltd. 0.00% of their portfolio NAPERVILLE, IL 1010 $247 $247 0.00% Unchanged