Vault-13

LISTED FDS TR OVL

SHARES LAG CAP · ETP · CUSIP 53656F805

36 institutional holders -1 vs Q4 2025
3,107,4043.1m shares reported held*
$170.2mreported value*
4 new 13 added 13 reduced 6 sold out net bought ≈ $15.6m (+309.2k 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 ($777.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $54.76.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 22Q4 22: 23Q1 23: 23Q2 23: 23Q3 23: 23Q4 23: 26Q1 24: 25Q2 24: 24Q3 24: 27Q4 24: 35Q1 25: 39Q2 25: 34Q3 25: 39Q4 25: 37Q1 26: 3636Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202222
Q4 202223
Q1 202323
Q2 202323
Q3 202323
Q4 202326
Q1 202425
Q2 202424
Q3 202427
Q4 202435
Q1 202539
Q2 202534
Q3 202539
Q4 202537
Q1 202636

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 7 bought or addedQ2 24: 17 cut or sold outQ3 24: 11 bought or addedQ3 24: 15 cut or sold outQ3 24Q4 24: 16 bought or addedQ4 24: 13 cut or sold outQ1 25: 16 bought or addedQ1 25: 19 cut or sold outQ1 25Q2 25: 13 bought or addedQ2 25: 19 cut or sold outQ3 25: 18 bought or addedQ3 25: 18 cut or sold outQ3 25Q4 25: 11 bought or addedQ4 25: 27 cut or sold outQ1 26: 17 bought or addedQ1 26: 19 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024717
Q3 20241115
Q4 20241613
Q1 20251619
Q2 20251319
Q3 20251818
Q4 20251127
Q1 20261719

Biggest buyers

Bison Wealth, LLC Added +263,374+263.4k
Apollon Wealth Management, LLC New +34,450+34.5k
ENVESTNET ASSET MANAGEMENT INC Added +33,659+33.7k
SHELTON CAPITAL MANAGEMENT New +27,131+27.1k
OLD MISSION CAPITAL LLC Added +8,548+8.5k
Brooklyn Investment Group New +8,237+8.2k
Modera Wealth Management, LLC New +7,066+7.1k
LPL Financial LLC Added +6,759+6.8k
GTS SECURITIES LLC Added +3,862+3.9k
Johnson & White Wealth Management, LLC Added +1,958+2.0k

Biggest sellers

Hilltop Holdings Inc. Sold out -16,842-16.8k
Equitable Holdings, Inc. Reduced -14,099-14.1k
Orion Porfolio Solutions, LLC Sold out -12,887-12.9k
RAYMOND JAMES FINANCIAL INC Reduced -10,878-10.9k
Oasis Advisors, LLC Sold out -10,573-10.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -9,834-9.8k
AE Wealth Management LLC Reduced -2,490-2.5k
IFP Advisors, Inc Sold out -1,955-2.0k
REAP Financial Group, LLC Reduced -1,636-1.6k
Waterloo Capital, L.P. Reduced -1,320-1.3k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Bison Wealth, LLC 11.16% of their portfolio ATLANTA, GA 2,004,9762.0m $114.9m $114.9m 11.16% Added +263.4k +263,374
2 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 282,861282.9k $14.2m $14.2m 0.00% Added +33.7k +33,659
3 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 178,498178.5k $9.0m $9.0m 0.00% Reduced -10.9k -10,878
4 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 88,41688.4k $4.3m $4.3m 0.00% Reduced -1.3k -1,268
5 Legacy Private Trust Co. 0.27% of their portfolio NEENAH, WI 86,19386.2k $4.3m $4.3m 0.27% Added +1.1k +1,056
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 67,09367.1k $3.4m $3.4m 0.00% Added +387 +387
7 EVOLUTION WEALTH MANAGEMENT INC. 1.55% of their portfolio FORT MYERS, FL 42,04342.0k $2.1m $2.1m 1.55% Reduced -1.1k -1,110
8 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 36,89036.9k $1.9m $1.9m 0.00% Reduced -1.0k -1,031
9 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 35,61135.6k $1.8m $1.8m 0.01% Added +332 +332
10 Smartleaf Asset Management LLC 0.06% of their portfolio BOSTON, MA 35,61135.6k $1.7m $1.7m 0.06% Added +229 +229
11 Johnson & White Wealth Management, LLC 0.75% of their portfolio YORK, PA 35,06335.1k $1.8m $1.8m 0.75% Added +2.0k +1,958
12 Apollon Wealth Management, LLC 0.03% of their portfolio MOUNT PLEASANT, SC 34,45034.5k $1.7m $1.7m 0.03% New
13 SHELTON CAPITAL MANAGEMENT 0.03% of their portfolio Denver, CO 27,13127.1k $1.4m $1.4m 0.03% New
14 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 14,84214.8k $746.6k $746.6k 0.02% Added +8.5k +8,548
15 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 13,95114.0k $701.7k $701.7k 0.00% Added +6.8k +6,759
16 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 13,30413.3k $707.9k $707.9k 0.00% Reduced -14.1k -14,099
17 LANARK FINANCIAL, INC. 0.05% of their portfolio BIRMINGHAM, AL 12,43512.4k $625.5k $625.5k 0.05% Reduced -165 -165
18 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 12,25012.2k $616.2k $616.2k 0.00% Unchanged
19 REAP Financial Group, LLC 0.10% of their portfolio AUSTIN, TX 9,95710.0k $500.8k $500.8k 0.10% Reduced -1.6k -1,636
20 Luminist Capital LLC 0.56% of their portfolio GRAND RAPIDS, MI 8,3528.4k $420.1k $420.1k 0.56% Reduced -474 -474
21 Brooklyn Investment Group 0.01% of their portfolio NEW YORK, NY 8,2378.2k $414.3k $414.3k 0.01% New
22 Waterloo Capital, L.P. 0.03% of their portfolio AUSTIN, TX 7,8107.8k $392.8k $392.8k 0.03% Reduced -1.3k -1,320
23 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 7,8037.8k $392.5k $392.5k 0.01% Added +3.9k +3,862
24 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 7,6147.6k $383.0k $383.0k 0.00% Reduced -1.0k -1,015
25 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 7,2117.2k $362.7k $362.7k 0.00% Reduced -2.5k -2,490
26 NICOLET BANKSHARES INC 0.01% of their portfolio GREEN BAY, WI 7,2007.2k $362.2k $362.2k 0.01% Unchanged
27 Modera Wealth Management, LLC 0.00% of their portfolio WESTWOOD, NJ 7,0667.1k $355.4k $355.4k 0.00% New
28 RiverFront Investment Group, LLC 0.01% of their portfolio RICHMOND, VA 6,5776.6k $330.8k $330.8k 0.01% Unchanged
29 Elevation Advisory Partners LLC 0.31% of their portfolio ORLANDO, FL 6,1566.2k $335.7k $335.7k 0.31% First filing
30 QTR Family Wealth, LLC 0.10% of their portfolio LAKE MARY, FL 4,5574.6k $244.9k $244.9k 0.10% Reduced -593 -593
31 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 4,0734.1k $204.9k $204.9k 0.00% Reduced -49 -49
32 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 3,7833.8k $190.3k $190.3k 0.00% Added +98 +98
33 Beaird Harris Wealth Management, LLC 0.01% of their portfolio DALLAS, TX 2,2192.2k $111.6k $111.6k 0.01% Unchanged
34 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,8001.8k $90.5k $90.5k 0.00% Added +165 +165
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 419419 $21.1k $21.1k 0.00% Added +238 +238
36 Noble Wealth Management PBC 0.01% of their portfolio GREENWOOD VILLAGE, CO 400400 $20.1k $20.1k 0.01% Unchanged