Vault-13

LITMAN GREGORY FDS TR DBMF

IMGP DBI MANAGED · ETP · CUSIP 53700T827

137 institutional holders -1 vs Q1 2023
16,351,15616.4m shares reported held*
$451.3mreported value*
21 new 46 added 54 reduced 23 sold out net bought ≈ $55.3m (+2.0m 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 ≈ $27.60. Options: 1 managers hold calls ($248.7k notional), 2 hold puts ($240.4k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 101Q4 22: 153Q1 23: 138Q2 23: 137137Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022101
Q4 2022153
Q1 2023138
Q2 2023137

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 23Q2 23: 67 bought or addedQ2 23: 77 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202210446
Q1 20237292
Q2 20236777

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 0.08Q2 23 calls: $248.7kQ2 23 puts: $240.4kQ2 23P/C 0.97
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$608.4k$118.8k0.20
Q1 2023$397.1k$33.4k0.08
Q2 2023$248.7k$240.4k0.97

Biggest buyers

Composition Wealth, LLC Added +2,127,972+2.1m
Litman Gregory Wealth Management LLC New +783,506+783.5k
ENVESTNET ASSET MANAGEMENT INC Added +616,877+616.9k
Naviter Wealth, LLC Added +592,629+592.6k
SUMMIT WEALTH & RETIREMENT PLANNING, INC. Added +158,086+158.1k
OSAIC HOLDINGS, INC. Added +120,180+120.2k
OneDigital Investment Advisors LLC Added +120,169+120.2k
MORGAN STANLEY Added +113,254+113.3k
Goldstein Advisors, LLC Added +103,030+103.0k
Innova Wealth Partners Added +102,383+102.4k

Biggest sellers

STATE STREET CORP Sold out -793,137-793.1k
GREAT VALLEY ADVISOR GROUP, INC. Reduced -359,870-359.9k
Dynamic Advisor Solutions LLC Reduced -310,534-310.5k
Catawba River Capital Sold out -257,061-257.1k
PFG Advisors Reduced -230,334-230.3k
First Heartland Consultants, Inc. Reduced -209,273-209.3k
LPL Financial LLC Reduced -197,987-198.0k
Belpointe Asset Management LLC Sold out -196,693-196.7k
SMITH, MOORE & CO. Reduced -122,462-122.5k
Fiduciary Alliance LLC Reduced -105,459-105.5k

Biggest calls

CITADEL ADVISORS LLC Reduced $248.7k9.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $240.4k8.7k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Composition Wealth, LLC 1.87% of their portfolio LOS ANGELES, CA 2,225,6832.2m $61.5m $61.5m 1.87% Added +2.1m +2,127,972
2 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,259,7691.3m $34.8m $34.8m 0.02% Added +616.9k +616,877
3 Naviter Wealth, LLC 6.62% of their portfolio LITTLE ROCK, AR 942,562942.6k $26.0m $26.0m 6.62% Added +592.6k +592,629
4 Litman Gregory Wealth Management LLC 2.70% of their portfolio LARKSPUR, CA 783,506783.5k $21.6m $21.6m 2.70% New
5 Goldstein Advisors, LLC 4.37% of their portfolio Madison, WI 756,007756.0k $20.9m $20.9m 4.37% Added +103.0k +103,030
6 Valmark Advisers, Inc. 0.41% of their portfolio AKRON, OH 735,572735.6k $20.3m $20.3m 0.41% Reduced -65.0k -64,951
7 OneDigital Investment Advisors LLC 0.40% of their portfolio OVERLAND PARK, KS 648,757648.8k $17.9m $17.9m 0.40% Added +120.2k +120,169
8 ALM First Financial Advisors, LLC 2.59% of their portfolio DALLAS, TX 540,000540.0k $14.9m $14.9m 2.59% Unchanged
9 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 5.19% of their portfolio EAGLE, ID 477,425477.4k $13.2m $13.2m 5.19% Added +158.1k +158,086
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 425,394425.4k $11.8m $11.8m 0.02% Added +97.2k +97,233
11 Ethos Financial Group, LLC 3.19% of their portfolio KING OF PRUSSIA, PA 359,769359.8k $9.5m $9.5m 3.19% Unchanged
12 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 328,065328.1k $9.1m $9.1m 0.01% Reduced -198.0k -197,987
13 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 320,897320.9k $8.9m $8.9m 0.02% Added +120.2k +120,180
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 282,731282.7k $7.8m $7.8m 0.00% Added +4.7k +4,708
15 CWM, LLC 0.04% of their portfolio OMAHA, NE 257,194257.2k $7.1m $7.1m 0.04% Added +45.2k +45,173
16 TMD Wealth Management, LLC 1.82% of their portfolio SCOTTSDALE, AZ 253,323253.3k $7.0m $7.0m 1.82% Added +2.4k +2,351
17 SAGE PRIVATE WEALTH GROUP, LLC 9.53% of their portfolio OAKBROOK TERRACE, IL 253,262253.3k $7.0m $7.0m 9.53% Added +28.8k +28,834
18 Leelyn Smith, LLC 1.52% of their portfolio GENEVA, IL 227,935227.9k $6.3m $6.3m 1.52% Reduced -11.7k -11,704
19 Innova Wealth Partners 5.30% of their portfolio NEWTOWN, PA 225,207225.2k $6.2m $6.2m 5.30% Added +102.4k +102,383
20 Empire Financial Management Company, LLC 2.32% of their portfolio NEW YORK, NY 211,283211.3k $5.8m $5.8m 2.32% Added +6.9k +6,863
21 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 209,299209.3k $5.8m $5.8m 0.03% Added +5.5k +5,461
22 Frontier Asset Management, LLC 2.59% of their portfolio SHERIDAN, WY 206,302206.3k $5.7m $5.7m 2.59% Added +28.2k +28,199
23 FWG Holdings, LLC 3.54% of their portfolio WINTER PARK, FL 202,252202.3k $5.6m $5.6m 3.54% Reduced -6.6k -6,571
24 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 200,427200.4k $5.5m $5.5m 0.01% Reduced -34.2k -34,232
25 CSS LLC/IL 0.39% of their portfolio CHICAGO, IL 184,141184.1k $5.1m $5.1m 0.39% Unchanged
26 Savant Capital, LLC 0.07% of their portfolio ROCKFORD, IL 158,693158.7k $4.4m $4.4m 0.07% Added +91.5k +91,469
27 Cambria Investment Management, L.P. 0.36% of their portfolio Manhattan Beach, CA 157,591157.6k $4.4m $4.4m 0.36% Added +178 +178
28 E&G Advisors, LLC 1.49% of their portfolio HOUSTON, TX 154,580154.6k $4.3m $4.3m 1.49% Reduced -3.1k -3,130
29 Advisory Services Network, LLC 0.10% of their portfolio ATLANTA, GA 137,843137.8k $3.8m $3.8m 0.10% Reduced -4.9k -4,944
30 PFG Advisors 0.29% of their portfolio Phoenix, AZ 135,518135.5k $3.7m $3.7m 0.29% Reduced -230.3k -230,334
31 R. W. Roge & Company, Inc. 2.59% of their portfolio BOHEMIA, NY 134,532134.5k $3.7m $3.7m 2.59% Reduced -12.2k -12,168
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 131,902131.9k $3.6m $3.6m 0.00% Added +113.3k +113,254
33 IFP Advisors, Inc 0.08% of their portfolio TAMPA, FL 131,340131.3k $3.6m $3.6m 0.08% Added +59.2k +59,168
34 Cetera Advisor Networks LLC 0.02% of their portfolio EL SEGUNDO, CA 129,257129.3k $3.6m $3.6m 0.02% Reduced -279 -279
35 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 128,541128.5k $3.6m $3.6m 0.02% Added +72.7k +72,715
36 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 117,812117.8k $3.3m $3.3m 0.05% Reduced -10.4k -10,386
37 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 115,700115.7k $3.2m $3.2m 0.00% Added +68.9k +68,900
38 CoreCap Advisors, LLC 0.20% of their portfolio SOUTHFIELD, MI 100,483100.5k $2.8m $2.8m 0.20% First filing
39 Sowell Financial Services LLC 0.15% of their portfolio NORTH LITTLE ROCK, AR 96,43196.4k $2.7m $2.7m 0.15% New
40 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 91,01891.0k $2.5m $2.5m 0.01% First filing
41 Executive Wealth Management, LLC 0.26% of their portfolio BRIGHTON, MI 90,14890.1k $2.5m $2.5m 0.26% Reduced -14.7k -14,669
42 Financial Advocates Investment Management 0.18% of their portfolio OLYMPIA, WA 88,95189.0k $2.5m $2.5m 0.18% Reduced -32.1k -32,056
43 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 76,93776.9k $2.1m $2.1m 0.02% Reduced -9.0k -8,989
44 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 69,59869.6k $1.9m $1.9m 0.01% New
45 SMITH, MOORE & CO. 0.23% of their portfolio CLAYTON, MO 66,34466.3k $1.8m $1.8m 0.23% Reduced -122.5k -122,462
46 Midwest Financial Group LLC 1.40% of their portfolio Overland Park, KS 59,62459.6k $1.6m $1.6m 1.40% Added +3.1k +3,096
47 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 54,92954.9k $1.5m $1.5m 0.00% Reduced -1.1k -1,061
48 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 50,48350.5k $1.4m $1.4m 0.01% Added +13.5k +13,491
49 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 49,18349.2k $1.4m $1.4m 0.02% Reduced -17.1k -17,140
50 Sterneck Capital Management, LLC 0.78% of their portfolio KANSAS CITY, MO 46,11546.1k $1.3m $1.3m 0.78% Added +834 +834
51 Trilogy Capital Inc. 0.08% of their portfolio IRVINE, CA 44,72044.7k $1.2m $1.2m 0.08% Reduced -12.1k -12,062
52 RHS Financial, LLC 0.90% of their portfolio SAN FRANCISCO, CA 44,48344.5k $1.2m $1.2m 0.90% Added +3.8k +3,752
53 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 42,56042.6k $1.2m $1.2m 0.01% Added +6.6k +6,587
54 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 42,56042.6k $1.2m $1.2m 0.01% Added +6.6k +6,587
55 Perigon Wealth Management, LLC 0.05% of their portfolio SAN FRANCISCO, CA 42,29742.3k $1.2m $1.2m 0.05% Added +914 +914
56 Precision Wealth Strategies, LLC 1.81% of their portfolio SAINT LOUIS, MO 39,93539.9k $1.1m $1.1m 1.81% Reduced -2.5k -2,488
57 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.58% of their portfolio LEAWOOD, KS 37,97038.0k $1.0m $1.0m 0.58% First filing
58 Mariner, LLC 0.00% of their portfolio Overland Park, KS 35,55835.6k $982.5k $982.5k 0.00% Added +20.6k +20,580
59 Meridian Wealth Management, LLC 0.08% of their portfolio LEXINGTON, KY 32,30732.3k $892.6k $892.6k 0.08% Added +17.0k +16,973
60 First Heartland Consultants, Inc. 0.11% of their portfolio LAKE ST. LOUIS, MO 31,79931.8k $878.6k $878.6k 0.11% Reduced -209.3k -209,273
61 Canal Capital Management, LLC 0.18% of their portfolio Richmond, VA 31,67231.7k $875.1k $875.1k 0.18% Reduced -81.8k -81,820
62 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 29,40129.4k $813.0k $813.0k 0.02% Added +13.4k +13,362
63 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 28,64528.6k $791.5k $791.5k 0.01% Reduced -4.2k -4,224
64 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 27,13227.1k $749.7k $749.7k 0.01% Added +742 +742
65 LAKE STREET PRIVATE WEALTH, LLC 0.13% of their portfolio CHICAGO, IL 26,56926.6k $734.1k $734.1k 0.13% Reduced -420 -420
66 Virtue Capital Management, LLC 0.12% of their portfolio BRENTWOOD, TN 26,13726.1k $723.5k $723.5k 0.12% Added +2.0k +2,007
67 AlphaQ Advisors LLC 0.53% of their portfolio Winter Park, FL 26,11226.1k $721.5k $721.5k 0.53% Added +1.0k +1,035
68 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 25,60825.6k $707.5k $707.5k 0.00% Added +4.9k +4,914
69 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 25,09225.1k $693.3k $693.3k 0.00% Unchanged
70 J2 Capital Management Inc 0.77% of their portfolio TROY, MI 23,41523.4k $647.0k $647.0k 0.77% Reduced -6.0k -5,952
71 Dynamic Advisor Solutions LLC 0.03% of their portfolio PHOENIX, AZ 22,27122.3k $615.3k $615.3k 0.03% Reduced -310.5k -310,534
72 Verum Partners LLC 0.54% of their portfolio CHARLOTTE, NC 21,29621.3k $588.4k $588.4k 0.54% Unchanged
73 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 21,24721.2k $587.1k $587.1k 0.01% Reduced -11.7k -11,678
74 Ausdal Financial Partners, Inc. 0.08% of their portfolio Davenport, IA 20,85320.9k $576.2k $576.2k 0.08% Reduced -35 -35
75 Fermata Advisors, LLC 0.51% of their portfolio SONOMA, CA 20,35520.4k $562.3k $562.3k 0.51% Reduced -15.8k -15,831
76 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 20,05020.1k $554.0k $554.0k 0.01% Reduced -257 -257
77 JANICZEK WEALTH MANAGEMENT, LLC 0.14% of their portfolio DENVER, CO 18,54318.5k $512.3k $512.3k 0.14% Added +310 +310
78 Jaffetilchin Investment Partners, LLC 0.05% of their portfolio TAMPA, FL 18,37118.4k $507.6k $507.6k 0.05% New
79 Integrated Advisors Network LLC 0.03% of their portfolio DALLAS, TX 17,95418.0k $496.1k $496.1k 0.03% Reduced -2.6k -2,622
80 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 17,94617.9k $496.0k $496.0k 0.02% Reduced -26.5k -26,482
81 Gallagher Fiduciary Advisors, LLC 0.04% of their portfolio ROLLING MEADOWS, IL 17,89317.9k $494.4k $494.4k 0.04% Reduced -14 -14
82 HBW ADVISORY SERVICES LLC 0.10% of their portfolio SIMI VALLEY, CA 17,40117.4k $481.0k $481.0k 0.10% Reduced -19.6k -19,645
83 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 17,39317.4k $480.6k $480.6k 0.00% Reduced -9.1k -9,141
84 Retirement Group, LLC 0.19% of their portfolio SAN DIEGO, CA 16,70016.7k $461.4k $461.4k 0.19% Added +11.1k +11,090
85 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 16,20916.2k $417.1k $417.1k 0.00% Added +1.9k +1,854
86 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 16,18316.2k $447.1k $447.1k 0.01% Reduced -819 -819
87 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 15,37415.4k $425.0k $425.0k 0.02% Reduced -10.3k -10,315
88 Visionary Wealth Advisors 0.03% of their portfolio O'FALLON, IL 15,12515.1k $417.9k $417.9k 0.03% New
89 GREAT VALLEY ADVISOR GROUP, INC. 0.02% of their portfolio WILMINGTON, DE 14,74714.7k $407.5k $407.5k 0.02% Reduced -359.9k -359,870
90 Trek Financial, LLC 0.03% of their portfolio Scottsdale, AZ 14,36014.4k $396.8k $396.8k 0.03% New
91 Freedom Investment Management, Inc. 0.04% of their portfolio SOUTH WINDSOR, CT 14,35514.4k $396.6k $396.6k 0.04% Added +2.6k +2,588
92 Ameritas Advisory Services, LLC 0.05% of their portfolio Lincoln, NE 13,06513.1k $359.0k $359.0k 0.05% Reduced -27.6k -27,584
93 Cedar Brook Financial Partners, LLC 0.08% of their portfolio CLEVELAND, OH 12,46912.5k $344.5k $344.5k 0.08% Reduced -1.7k -1,680
94 ProVise Management Group, LLC 0.03% of their portfolio CLEARWATER, FL 12,35512.4k $341.4k $341.4k 0.03% Reduced -781 -781
95 STAPP WEALTH MANAGEMENT, PLLC 0.66% of their portfolio OLYMPIA, WA 12,13812.1k $335.4k $335.4k 0.66% Added +301 +301
96 HHM Wealth Advisors, LLC 0.06% of their portfolio CHATTANOOGA, TN 11,66911.7k $322.4k $322.4k 0.06% New
97 EverSource Wealth Advisors, LLC 0.03% of their portfolio BIRMINGHAM, AL 11,17011.2k $308.6k $308.6k 0.03% Added +11.2k +11,155
98 LINCOLN NATIONAL CORP 0.01% of their portfolio RADNOR, PA 10,81510.8k $298.8k $298.8k 0.01% Reduced -925 -925
99 EWG Elevate Inc. 0.12% of their portfolio ROSEVILLE, CA 10,77810.8k $297.8k $297.8k 0.12% Added +67 +67
100 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 10,46410.5k $289.1k $289.1k 0.00% Reduced -1.7k -1,701