Vault-13

LISTED FDS TR OVL

SHARES LAG CAP · ETP · CUSIP 53656F805

48 institutional holders +12 vs Q1 2026
3,660,0383.7m shares reported held*
$207.9mreported value*
19 new 15 added 10 reduced 6 sold out net bought ≈ $29.6m (+552.2k 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 ($384.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $56.80.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 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: 36Q2 26: 4848Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 202648

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 11 bought or addedQ3 24: 15 cut or sold outQ4 24: 16 bought or addedQ4 24: 13 cut or sold outQ4 24Q1 25: 16 bought or addedQ1 25: 19 cut or sold outQ2 25: 13 bought or addedQ2 25: 19 cut or sold outQ2 25Q3 25: 18 bought or addedQ3 25: 18 cut or sold outQ4 25: 11 bought or addedQ4 25: 27 cut or sold outQ4 25Q1 26: 17 bought or addedQ1 26: 19 cut or sold outQ2 26: 34 bought or addedQ2 26: 16 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241115
Q4 20241613
Q1 20251619
Q2 20251319
Q3 20251818
Q4 20251127
Q1 20261719
Q2 20263416

Biggest buyers

NEW WAVE WEALTH ADVISORS LLC New +288,400+288.4k
LPL Financial LLC Added +58,213+58.2k
RAYMOND JAMES FINANCIAL INC Added +47,435+47.4k
Bison Wealth, LLC Added +29,340+29.3k
MILESTONE ASSET MANAGEMENT, LLC New +25,133+25.1k
ENVESTNET ASSET MANAGEMENT INC Added +20,537+20.5k
Equitable Holdings, Inc. Added +17,996+18.0k
CAP Partners, LLC New +15,478+15.5k
WELLS FARGO & COMPANY/MN New +15,177+15.2k
Nuveen, LLC New +14,696+14.7k

Biggest sellers

Private Advisor Group, LLC Sold out -35,611-35.6k
Legacy Private Trust Co. Reduced -22,548-22.5k
GTS SECURITIES LLC Sold out -7,803-7.8k
Modera Wealth Management, LLC Sold out -7,066-7.1k
Elevation Advisory Partners LLC Sold out -6,156-6.2k
EVOLUTION WEALTH MANAGEMENT INC. Reduced -5,554-5.6k
Creative Planning Sold out -4,073-4.1k
REAP Financial Group, LLC Reduced -2,933-2.9k
OLD MISSION CAPITAL LLC Reduced -2,156-2.2k
JPMORGAN CHASE & CO Reduced -1,246-1.2k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Bison Wealth, LLC 10.69% of their portfolio ATLANTA, GA 2,034,3162.0m $115.9m $115.9m 10.69% Added +29.3k +29,340
2 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 303,398303.4k $17.2m $17.2m 0.00% Added +20.5k +20,537
3 NEW WAVE WEALTH ADVISORS LLC 2.23% of their portfolio SPRINGDALE, AR 288,400288.4k $16.3m $16.3m 2.23% New
4 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 225,933225.9k $12.8m $12.8m 0.00% Added +47.4k +47,435
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 87,17087.2k $4.9m $4.9m 0.00% Reduced -1.2k -1,246
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 78,40078.4k $4.4m $4.4m 0.00% Added +11.3k +11,307
7 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 72,16472.2k $4.1m $4.1m 0.00% Added +58.2k +58,213
8 Legacy Private Trust Co. 0.20% of their portfolio NEENAH, WI 63,64563.6k $3.6m $3.6m 0.20% Reduced -22.5k -22,548
9 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 48,55148.6k $2.7m $2.7m 0.01% Added +11.7k +11,661
10 Johnson & White Wealth Management, LLC 0.80% of their portfolio YORK, PA 37,89237.9k $2.1m $2.1m 0.80% Added +2.8k +2,829
11 EVOLUTION WEALTH MANAGEMENT INC. 1.21% of their portfolio FORT MYERS, FL 36,48936.5k $2.1m $2.1m 1.21% Reduced -5.6k -5,554
12 Smartleaf Asset Management LLC 0.06% of their portfolio BOSTON, MA 35,61135.6k $2.0m $2.0m 0.06% Unchanged
13 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 35,05035.0k $2.0m $2.0m 0.02% Added +600 +600
14 SHELTON CAPITAL MANAGEMENT 0.04% of their portfolio Denver, CO 33,86933.9k $1.9m $1.9m 0.04% Added +6.7k +6,738
15 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 31,30031.3k $1.8m $1.8m 0.01% Added +18.0k +17,996
16 MILESTONE ASSET MANAGEMENT, LLC 0.22% of their portfolio PITTSBURGH, PA 25,13325.1k $1.4m $1.4m 0.22% New
17 CAP Partners, LLC 0.43% of their portfolio FRANKLIN, TN 15,47815.5k $876.2k $876.2k 0.43% New
18 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 15,17715.2k $859.2k $859.2k 0.00% New
19 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 14,69614.7k $831.9k $831.9k 0.00% New
20 LANARK FINANCIAL, INC. 0.05% of their portfolio BIRMINGHAM, AL 13,85813.9k $784.5k $784.5k 0.05% Added +1.4k +1,423
21 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 12,71912.7k $720.0k $720.0k 0.01% New
22 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 12,68612.7k $718.2k $718.2k 0.02% Reduced -2.2k -2,156
23 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 12,45012.4k $704.8k $704.8k 0.00% New
24 PFG Investments, LLC 0.03% of their portfolio WOODBURY, NY 12,31612.3k $697.2k $697.2k 0.03% New
25 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 12,25012.2k $693.5k $693.5k 0.00% Unchanged
26 Luminist Capital LLC 0.68% of their portfolio GRAND RAPIDS, MI 11,07611.1k $606.8k $606.8k 0.68% Added +2.7k +2,724
27 Oasis Advisors, LLC 0.37% of their portfolio FOREST CITY, IA 10,14210.1k $574.1k $574.1k 0.37% New
28 Waterloo Capital, L.P. 0.03% of their portfolio AUSTIN, TX 10,08710.1k $571.0k $571.0k 0.03% Added +2.3k +2,277
29 Mariner, LLC 0.00% of their portfolio Overland Park, KS 8,9569.0k $507.0k $507.0k 0.00% New
30 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 7,5127.5k $425.3k $425.3k 0.00% Reduced -102 -102
31 NICOLET BANKSHARES INC 0.01% of their portfolio GREEN BAY, WI 7,3147.3k $414.0k $414.0k 0.01% Added +114 +114
32 RiverFront Investment Group, LLC 0.01% of their portfolio RICHMOND, VA 7,0677.1k $400.1k $400.1k 0.01% Added +490 +490
33 REAP Financial Group, LLC 0.07% of their portfolio AUSTIN, TX 7,0247.0k $397.6k $397.6k 0.07% Reduced -2.9k -2,933
34 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 6,7936.8k $384.6k $384.6k 0.00% Reduced -418 -418
35 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 5,8825.9k $329.7k $329.7k 0.01% New
36 True Link Financial Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 4,7144.7k $266.9k $266.9k 0.02% New
37 QTR Family Wealth, LLC 0.09% of their portfolio LAKE MARY, FL 4,5044.5k $255.0k $255.0k 0.09% Reduced -53 -53
38 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 3,6003.6k $203.8k $203.8k 0.00% Reduced -183 -183
39 StoneX Group Inc. 0.01% of their portfolio NEW YORK, NY 3,5823.6k $202.8k $202.8k 0.01% New
40 Hilltop Holdings Inc. 0.02% of their portfolio DALLAS, TX 3,5443.5k $200.6k $200.6k 0.02% New
41 Beaird Harris Wealth Management, LLC 0.01% of their portfolio DALLAS, TX 2,2192.2k $125.6k $125.6k 0.01% Unchanged
42 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,7151.7k $97.1k $97.1k 0.00% Reduced -85 -85
43 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 730730 $41.3k $41.3k 0.00% New
44 TSFG, LLC 0.00% of their portfolio LAKE FOREST, IL 526526 $30.0k $30.0k 0.00% New
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 419419 $23.7k $23.7k 0.00% Unchanged
46 Triumph Capital Management 0.00% of their portfolio DENVER, CO 361361 $20.4k $20.4k 0.00% New
47 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 100100 $5.7k $5.7k 0.00% New
48 Silver Grove Financial Group, Inc. 0.00% of their portfolio ORCHARD PARK, NY 1313 $736 $736 0.00% New