Vault-13

LITMAN GREGORY FDS TR DBMF

IMGP DBI MANAGED · ETP · CUSIP 53700T827

138 institutional holders -15 vs Q4 2022
14,195,02714.2m shares reported held*
$374.0mreported value*
27 new 45 added 55 reduced 37 sold out net sold ≈ $82.7m (-3.2m 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 ≈ $26.35. Options: 1 managers hold calls ($397.1k notional), 3 hold puts ($33.4k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 101Q4 22: 153Q1 23: 138138Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022101
Q4 2022153
Q1 2023138

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 104 bought or addedQ4 22: 46 cut or sold outQ4 22Q1 23: 72 bought or addedQ1 23: 92 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202210446
Q1 20237292

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600k$800kQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $608.4kQ4 22 puts: $118.8kQ4 22P/C 0.20Q1 23 calls: $397.1kQ1 23 puts: $33.4kQ1 23P/C 0.08
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$608.4k$118.8k0.20
Q1 2023$397.1k$33.4k0.08

Biggest buyers

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO New +328,161+328.2k
OneDigital Investment Advisors LLC Added +154,882+154.9k
Equitable Holdings, Inc. New +128,198+128.2k
Canal Capital Management, LLC New +113,492+113.5k
OSAIC HOLDINGS, INC. Added +104,679+104.7k
FWG Holdings, LLC Added +83,522+83.5k
CSS LLC/IL Added +80,463+80.5k
First Heartland Consultants, Inc. Added +77,231+77.2k
Goldstein Advisors, LLC Added +68,442+68.4k
JPMORGAN CHASE & CO Added +55,561+55.6k

Biggest sellers

R. W. Roge & Company, Inc. Reduced -589,986-590.0k
Cambria Investment Management, L.P. Reduced -517,009-517.0k
Litman Gregory Wealth Management LLC Sold out -415,344-415.3k
Naviter Wealth, LLC Reduced -406,979-407.0k
ENVESTNET ASSET MANAGEMENT INC Reduced -328,509-328.5k
Frontier Asset Management, LLC Reduced -315,339-315.3k
SMITH, MOORE & CO. Reduced -256,764-256.8k
MONEY CONCEPTS CAPITAL CORP Reduced -207,137-207.1k
Avestar Capital, LLC Reduced -172,392-172.4k
Integrated Advisors Network LLC Reduced -163,415-163.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $397.1k15.1k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $18.4k700 shares
SIMPLEX TRADING, LLC Added $15.0k600 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Valmark Advisers, Inc. 0.45% of their portfolio AKRON, OH 800,523800.5k $21.1m $21.1m 0.45% Added +44.2k +44,197
2 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 793,137793.1k $20.9m $20.9m 0.00% Unchanged
3 Goldstein Advisors, LLC 3.78% of their portfolio Madison, WI 652,977653.0k $17.2m $17.2m 3.78% Added +68.4k +68,442
4 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 642,892642.9k $16.9m $16.9m 0.01% Reduced -328.5k -328,509
5 ALM First Financial Advisors, LLC 2.56% of their portfolio DALLAS, TX 540,000540.0k $14.2m $14.2m 2.56% Unchanged
6 OneDigital Investment Advisors LLC 0.33% of their portfolio OVERLAND PARK, KS 528,588528.6k $13.9m $13.9m 0.33% Added +154.9k +154,882
7 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 526,052526.1k $13.8m $13.8m 0.01% Reduced -43.8k -43,787
8 GREAT VALLEY ADVISOR GROUP, INC. 0.46% of their portfolio WILMINGTON, DE 374,617374.6k $9.9m $9.9m 0.46% Added +36.4k +36,417
9 PFG Advisors 0.81% of their portfolio Phoenix, AZ 365,852365.9k $9.6m $9.6m 0.81% Added +3.0k +3,011
10 Ethos Financial Group, LLC 2.94% of their portfolio KING OF PRUSSIA, PA 359,769359.8k $9.5m $9.5m 2.94% Reduced -67.8k -67,847
11 Naviter Wealth, LLC 3.22% of their portfolio LITTLE ROCK, AR 349,933349.9k $9.2m $9.2m 3.22% Reduced -407.0k -406,979
12 Dynamic Advisor Solutions LLC 0.51% of their portfolio PHOENIX, AZ 332,805332.8k $8.8m $8.8m 0.51% Added +37.1k +37,116
13 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 328,161328.2k $8.6m $8.6m 0.01% New
14 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 3.14% of their portfolio EAGLE, ID 319,339319.3k $8.4m $8.4m 3.14% Reduced -85.6k -85,563
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 278,023278.0k $7.3m $7.3m 0.00% Added +55.6k +55,561
16 Catawba River Capital 6.14% of their portfolio LAKE WYLIE, SC 257,061257.1k $6.8m $6.8m 6.14% Reduced -11.9k -11,881
17 TMD Wealth Management, LLC 1.86% of their portfolio SCOTTSDALE, AZ 250,972251.0k $6.6m $6.6m 1.86% Added +13.1k +13,144
18 First Heartland Consultants, Inc. 0.95% of their portfolio LAKE ST. LOUIS, MO 241,072241.1k $6.3m $6.3m 0.95% Added +77.2k +77,231
19 Leelyn Smith, LLC 1.61% of their portfolio GENEVA, IL 239,639239.6k $6.3m $6.3m 1.61% Added +38.6k +38,560
20 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 234,659234.7k $6.2m $6.2m 0.01% Added +37.7k +37,673
21 SAGE PRIVATE WEALTH GROUP, LLC 6.78% of their portfolio OAKBROOK TERRACE, IL 224,428224.4k $5.9m $5.9m 6.78% Added +21.6k +21,578
22 CWM, LLC 0.04% of their portfolio OMAHA, NE 212,021212.0k $5.6m $5.6m 0.04% Added +27.3k +27,253
23 FWG Holdings, LLC 3.97% of their portfolio WINTER PARK, FL 208,823208.8k $5.5m $5.5m 3.97% Added +83.5k +83,522
24 Empire Financial Management Company, LLC 2.19% of their portfolio NEW YORK, NY 204,420204.4k $5.4m $5.4m 2.19% First filing
25 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 203,838203.8k $5.4m $5.4m 0.03% Added +22.0k +22,049
26 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 200,717200.7k $5.3m $5.3m 0.01% Added +104.7k +104,679
27 Belpointe Asset Management LLC 0.28% of their portfolio RENO, NV 196,693196.7k $5.2m $5.2m 0.28% Added +17.5k +17,543
28 SMITH, MOORE & CO. 0.68% of their portfolio CLAYTON, MO 188,806188.8k $5.0m $5.0m 0.68% Reduced -256.8k -256,764
29 CSS LLC/IL 0.37% of their portfolio CHICAGO, IL 184,141184.1k $4.8m $4.8m 0.37% Added +80.5k +80,463
30 Frontier Asset Management, LLC 2.21% of their portfolio SHERIDAN, WY 178,103178.1k $4.7m $4.7m 2.21% Reduced -315.3k -315,339
31 E&G Advisors, LLC 1.54% of their portfolio HOUSTON, TX 157,710157.7k $4.1m $4.1m 1.54% Reduced -3.7k -3,700
32 Cambria Investment Management, L.P. 0.34% of their portfolio Manhattan Beach, CA 157,413157.4k $4.1m $4.1m 0.34% Reduced -517.0k -517,009
33 R. W. Roge & Company, Inc. 2.47% of their portfolio BOHEMIA, NY 146,700146.7k $3.9m $3.9m 2.47% Reduced -590.0k -589,986
34 Advisory Services Network, LLC 0.10% of their portfolio ATLANTA, GA 142,787142.8k $3.8m $3.8m 0.10% Reduced -20.8k -20,757
35 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 129,536129.5k $3.4m $3.4m 0.03% Added +3.9k +3,941
36 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 128,198128.2k $3.4m $3.4m 0.05% New
37 Innova Wealth Partners 2.83% of their portfolio NEWTOWN, PA 122,824122.8k $3.2m $3.2m 2.83% Reduced -49.6k -49,608
38 Financial Advocates Investment Management 0.24% of their portfolio OLYMPIA, WA 121,007121.0k $3.2m $3.2m 0.24% Reduced -16.8k -16,756
39 Canal Capital Management, LLC 0.66% of their portfolio Richmond, VA 113,492113.5k $3.0m $3.0m 0.66% New
40 Fiduciary Alliance LLC 0.72% of their portfolio GREENVILLE, SC 108,985109.0k $2.9m $2.9m 0.72% Added +89 +89
41 Executive Wealth Management, LLC 0.31% of their portfolio BRIGHTON, MI 104,817104.8k $2.8m $2.8m 0.31% Reduced -8.7k -8,736
42 Composition Wealth, LLC 0.08% of their portfolio LOS ANGELES, CA 97,71197.7k $2.6m $2.6m 0.08% Reduced -17.8k -17,770
43 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 85,92685.9k $2.3m $2.3m 0.02% Reduced -674 -674
44 IFP Advisors, Inc 0.09% of their portfolio TAMPA, FL 72,17272.2k $2.0m $2.0m 0.09% Added +5.1k +5,087
45 Quantitative Advantage, LLC 0.26% of their portfolio MINNETONKA, MN 67,43867.4k $1.8m $1.8m 0.26% Added +2.1k +2,076
46 Savant Capital, LLC 0.03% of their portfolio ROCKFORD, IL 67,22467.2k $1.8m $1.8m 0.03% Added +42.6k +42,563
47 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 66,32366.3k $1.7m $1.7m 0.03% Reduced -12.6k -12,613
48 Apollon Wealth Management, LLC 0.10% of their portfolio MOUNT PLEASANT, SC 63,09863.1k $1.7m $1.7m 0.10% Reduced -4.8k -4,840
49 Trilogy Capital Inc. 0.11% of their portfolio IRVINE, CA 56,78256.8k $1.5m $1.5m 0.11% Added +7.8k +7,819
50 Midwest Financial Group LLC 1.37% of their portfolio Overland Park, KS 56,52856.5k $1.5m $1.5m 1.37% First filing
51 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 55,99056.0k $1.5m $1.5m 0.00% Added +6.3k +6,254
52 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 55,82655.8k $1.5m $1.5m 0.01% Reduced -71.0k -71,028
53 B. Riley Wealth Advisors, Inc. 0.04% of their portfolio MEMPHIS, TN 53,44653.4k $1.4m $1.4m 0.04% Reduced -389 -389
54 Sharkey, Howes & Javer 0.28% of their portfolio DENVER, CO 50,15850.2k $1.3m $1.3m 0.28% Reduced -33.3k -33,292
55 Latitude Advisors, LLC 0.93% of their portfolio YORKVILLE, IL 48,76648.8k $1.3m $1.3m 0.93% Reduced -3.0k -3,035
56 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 46,80046.8k $1.2m $1.2m 0.00% Reduced -11.5k -11,500
57 Sterneck Capital Management, LLC 0.75% of their portfolio KANSAS CITY, MO 45,28145.3k $1.2m $1.2m 0.75% New
58 FLOW TRADERS U.S. LLC 0.05% of their portfolio NEW YORK, NY 44,42844.4k $1.2m $1.2m 0.05% New
59 Precision Wealth Strategies, LLC 1.75% of their portfolio SAINT LOUIS, MO 42,42342.4k $1.1m $1.1m 1.75% New
60 Perigon Wealth Management, LLC 0.06% of their portfolio SAN FRANCISCO, CA 41,38341.4k $1.1m $1.1m 0.06% Reduced -70.3k -70,295
61 RHS Financial, LLC 0.81% of their portfolio SAN FRANCISCO, CA 40,73140.7k $1.1m $1.1m 0.81% Added +6.6k +6,607
62 Ameritas Advisory Services, LLC 0.05% of their portfolio Lincoln, NE 40,64940.6k $1.1m $1.1m 0.05% Reduced -27.9k -27,945
63 HBW ADVISORY SERVICES LLC 0.24% of their portfolio SIMI VALLEY, CA 37,04637.0k $974.0k $974.0k 0.24% Reduced -17.2k -17,187
64 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 36,99237.0k $972.9k $972.9k 0.01% Added +12.3k +12,295
65 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 36,47536.5k $959.3k $959.3k 0.00% New
66 Moran Wealth Management, LLC 0.04% of their portfolio NAPLES, FL 36,29036.3k $954.4k $954.4k 0.04% Reduced -14.8k -14,770
67 Fermata Advisors, LLC 0.57% of their portfolio SONOMA, CA 36,18636.2k $951.7k $951.7k 0.57% Reduced -110.6k -110,605
68 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 35,97336.0k $946.1k $946.1k 0.01% New
69 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 35,97336.0k $946.1k $946.1k 0.01% Added +5.5k +5,507
70 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 32,92532.9k $865.9k $865.9k 0.01% New
71 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 32,86932.9k $869.0k $869.0k 0.01% Reduced -45.8k -45,813
72 Mutual Advisors, LLC 0.03% of their portfolio OMAHA, NE 29,49729.5k $775.8k $775.8k 0.03% Reduced -10.9k -10,854
73 J2 Capital Management Inc 1.20% of their portfolio TROY, MI 29,36729.4k $772.4k $772.4k 1.20% Added +1.1k +1,053
74 LAKE STREET PRIVATE WEALTH, LLC 0.13% of their portfolio CHICAGO, IL 26,98927.0k $709.8k $709.8k 0.13% Reduced -50.1k -50,076
75 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 26,53426.5k $697.8k $697.8k 0.00% Reduced -18.5k -18,453
76 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 26,39026.4k $694.0k $694.0k 0.01% New
77 WEDBUSH SECURITIES INC 0.03% of their portfolio PASADENA, CA 25,68925.7k $676.0k $676.0k 0.03% New
78 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 25,09225.1k $659.9k $659.9k 0.00% Added +8.3k +8,333
79 AlphaQ Advisors LLC 0.56% of their portfolio Winter Park, FL 25,07725.1k $659.5k $659.5k 0.56% New
80 Virtue Capital Management, LLC 0.10% of their portfolio BRENTWOOD, TN 24,13024.1k $636.3k $636.3k 0.10% Added +7.6k +7,583
81 Verum Partners LLC 0.60% of their portfolio CHARLOTTE, NC 21,29621.3k $560.1k $560.1k 0.60% Added +413 +413
82 Ausdal Financial Partners, Inc. 0.08% of their portfolio Davenport, IA 20,88820.9k $549.4k $549.4k 0.08% Unchanged
83 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 20,70920.7k $544.6k $544.6k 0.00% Reduced -46.9k -46,883
84 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 20,69420.7k $544.3k $544.3k 0.00% New
85 Integrated Advisors Network LLC 0.03% of their portfolio DALLAS, TX 20,57620.6k $541.2k $541.2k 0.03% Reduced -163.4k -163,415
86 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 20,30720.3k $534.1k $534.1k 0.01% Added +3.6k +3,570
87 OneAscent Wealth Management LLC 0.20% of their portfolio BIRMINGHAM, AL 19,74519.7k $519.0k $519.0k 0.20% Reduced -229 -229
88 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 19,49919.5k $512.8k $512.8k 0.00% New
89 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 18,64818.6k $490.4k $490.4k 0.00% Added +15.8k +15,766
90 JANICZEK WEALTH MANAGEMENT, LLC 0.14% of their portfolio DENVER, CO 18,23318.2k $483.2k $483.2k 0.14% Added +3.8k +3,804
91 Gallagher Fiduciary Advisors, LLC 0.04% of their portfolio ROLLING MEADOWS, IL 17,90717.9k $471.0k $471.0k 0.04% New
92 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 17,00217.0k $447.2k $447.2k 0.01% Added +6 +6
93 MONEY CONCEPTS CAPITAL CORP 0.06% of their portfolio PALM BEACH GARDENS, FL 16,28616.3k $1.0m $1.0m 0.06% Reduced -207.1k -207,137
94 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 16,03916.0k $422.0k $422.0k 0.02% New
95 Private Advisory Group LLC 0.09% of their portfolio REDMOND, WA 15,54915.5k $408.9k $408.9k 0.09% New
96 Meridian Wealth Management, LLC 0.04% of their portfolio LEXINGTON, KY 15,33415.3k $403.3k $403.3k 0.04% New
97 Mariner, LLC 0.00% of their portfolio Overland Park, KS 14,97815.0k $394.0k $394.0k 0.00% Reduced -4.3k -4,313
98 Strategic Wealth Partners, Ltd. 0.06% of their portfolio INDEPENDENCE, OH 14,78514.8k $388.8k $388.8k 0.06% New
99 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 14,35514.4k $351.5k $351.5k 0.00% New
100 Cedar Brook Financial Partners, LLC 0.10% of their portfolio CLEVELAND, OH 14,14914.1k $372.1k $372.1k 0.10% Reduced -23.2k -23,205