Vault-13

LITMAN GREGORY FDS TR DBMF

IMGP DBI MANAGED · ETP · CUSIP 53700T827

131 institutional holders -5 vs Q3 2023
18,655,12818.7m shares reported held*
$481.0mreported value*
17 new 48 added 52 reduced 27 sold out net sold ≈ $169.9m (-6.6m 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 ≈ $25.78. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 101Q4 22: 153Q1 23: 138Q2 23: 137Q3 23: 136Q4 23: 131131Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022101
Q4 2022153
Q1 2023138
Q2 2023137
Q3 2023136
Q4 2023131

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 23Q3 23: 73 bought or addedQ3 23: 63 cut or sold outQ3 23Q4 23: 65 bought or addedQ4 23: 79 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202210446
Q1 20237292
Q2 20236777
Q3 20237363
Q4 20236579

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ1 23 calls: $397.1kQ1 23 puts: $33.4kQ1 23P/C 0.08Q2 23 calls: $248.7kQ2 23 puts: $240.4kQ2 23P/C 0.97Q3 23 calls: $0Q3 23 puts: $2.0kQ3 23P/C —Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —
Numbers
QuarterCallsPutsP/C
Q1 2023$397.1k$33.4k0.08
Q2 2023$248.7k$240.4k0.97
Q3 2023$0$2.0k—
Q4 2023$0$0—

Biggest buyers

JANE STREET GROUP, LLC New +885,304+885.3k
MORGAN STANLEY Added +847,946+847.9k
CWM, LLC Added +771,522+771.5k
Cardinal Point Capital Management ULC New +489,690+489.7k
Raymond James Financial Services Advisors, Inc. Added +214,561+214.6k
Sound Financial Strategies Group, LLC New +167,368+167.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +140,387+140.4k
AE Wealth Management LLC Added +134,592+134.6k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +128,203+128.2k
Austin Wealth Management, LLC Added +123,182+123.2k

Biggest sellers

JPMORGAN CHASE & CO Reduced -6,471,006-6.5m
ENVESTNET ASSET MANAGEMENT INC Reduced -819,773-819.8k
LPL Financial LLC Reduced -800,606-800.6k
Naviter Wealth, LLC Reduced -800,498-800.5k
Ethos Financial Group, LLC Reduced -289,218-289.2k
Innova Wealth Partners Reduced -254,265-254.3k
OneDigital Investment Advisors LLC Reduced -243,423-243.4k
SUMMIT WEALTH & RETIREMENT PLANNING, INC. Reduced -188,981-189.0k
Composition Wealth, LLC Reduced -174,487-174.5k
PFG Advisors Sold out -127,793-127.8k

Biggest calls

None

Biggest puts

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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Composition Wealth, LLC 1.59% of their portfolio LOS ANGELES, CA 2,251,0262.3m $58.0m $58.0m 1.59% Reduced -174.5k -174,487
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,147,8341.1m $29.6m $29.6m 0.00% Added +847.9k +847,946
3 CWM, LLC 0.14% of their portfolio OMAHA, NE 1,039,2051.0m $26.8m $26.8m 0.14% Added +771.5k +771,522
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 912,639912.6k $23.5m $23.5m 0.03% Added +128.2k +128,203
5 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 885,304885.3k $22.8m $22.8m 0.03% New
6 Goldstein Advisors, LLC 3.82% of their portfolio Madison, WI 880,262880.3k $22.7m $22.7m 3.82% Added +70.4k +70,394
7 Litman Gregory Wealth Management LLC 1.93% of their portfolio LARKSPUR, CA 787,619787.6k $20.3m $20.3m 1.93% Reduced -12.8k -12,750
8 Valmark Advisers, Inc. 0.38% of their portfolio AKRON, OH 777,717777.7k $20.0m $20.0m 0.38% Added +20.5k +20,533
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 603,254603.3k $15.5m $15.5m 0.00% Reduced -6.5m -6,471,006
10 ALM First Financial Advisors, LLC 2.36% of their portfolio DALLAS, TX 540,000540.0k $13.9m $13.9m 2.36% Unchanged
11 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 497,375497.4k $12.8m $12.8m 0.01% Reduced -819.8k -819,773
12 Cardinal Point Capital Management ULC 3.05% of their portfolio TORONTO, A6 489,690489.7k $12.6m $12.6m 3.05% New
13 OneDigital Investment Advisors LLC 0.21% of their portfolio OVERLAND PARK, KS 461,415461.4k $11.9m $11.9m 0.21% Reduced -243.4k -243,423
14 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 420,121420.1k $10.8m $10.8m 0.02% Reduced -62.7k -62,655
15 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 3.53% of their portfolio EAGLE, ID 324,406324.4k $8.4m $8.4m 3.53% Reduced -189.0k -188,981
16 SAGE PRIVATE WEALTH GROUP, LLC 6.15% of their portfolio OAKBROOK TERRACE, IL 267,713267.7k $6.9m $6.9m 6.15% Reduced -13.3k -13,314
17 Naviter Wealth, LLC 1.36% of their portfolio LITTLE ROCK, AR 262,206262.2k $6.8m $6.8m 1.36% Reduced -800.5k -800,498
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 239,222239.2k $6.2m $6.2m 0.00% Reduced -800.6k -800,606
19 Savant Capital, LLC 0.08% of their portfolio ROCKFORD, IL 236,029236.0k $6.1m $6.1m 0.08% Added +5.5k +5,453
20 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 235,783235.8k $6.1m $6.1m 0.01% Added +214.6k +214,561
21 FWG Holdings, LLC 3.63% of their portfolio WINTER PARK, FL 234,148234.1k $6.1m $6.1m 3.63% Added +28.3k +28,317
22 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 218,067218.1k $5.6m $5.6m 0.02% Added +4.3k +4,300
23 Empire Financial Management Company, LLC 2.10% of their portfolio NEW YORK, NY 207,959208.0k $5.4m $5.4m 2.10% Added +207 +207
24 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 199,805199.8k $5.1m $5.1m 0.01% Reduced -2.7k -2,661
25 Leelyn Smith, LLC 1.10% of their portfolio GENEVA, IL 194,486194.5k $5.0m $5.0m 1.10% Reduced -19.0k -19,013
26 Austin Wealth Management, LLC 1.40% of their portfolio Austin, TX 193,095193.1k $5.2m $5.2m 1.40% Added +123.2k +123,182
27 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 187,403187.4k $4.8m $4.8m 0.03% Added +46.9k +46,912
28 Sound Financial Strategies Group, LLC 3.63% of their portfolio MADISON, MS 167,368167.4k $4.3m $4.3m 3.63% New
29 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 154,753154.8k $4.1m $4.1m 0.02% Added +134.6k +134,592
30 Frontier Asset Management, LLC 1.46% of their portfolio SHERIDAN, WY 150,420150.4k $3.9m $3.9m 1.46% Reduced -48.1k -48,098
31 Cambria Investment Management, L.P. 0.27% of their portfolio Manhattan Beach, CA 148,772148.8k $3.8m $3.8m 0.27% Added +16.5k +16,547
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 140,387140.4k $3.6m $3.6m 0.01% New
33 CSS LLC/IL 0.27% of their portfolio CHICAGO, IL 133,864133.9k $3.4m $3.4m 0.27% Reduced -22.3k -22,277
34 CoreCap Advisors, LLC 0.19% of their portfolio SOUTHFIELD, MI 111,661111.7k $2.9m $2.9m 0.19% Reduced -64.6k -64,643
35 Fermata Advisors, LLC 0.68% of their portfolio SONOMA, CA 110,934110.9k $2.9m $2.9m 0.68% Reduced -22.4k -22,437
36 Longview Financial Advisors, Inc. 2.27% of their portfolio HUNTSVILLE, AL 109,880109.9k $2.8m $2.8m 2.27% First filing
37 Professional Financial Advisors, LLC 0.94% of their portfolio NORTH PLATTE, NE 109,849109.8k $2.8m $2.8m 0.94% Added +8.0k +7,963
38 Sowell Financial Services LLC 0.15% of their portfolio NORTH LITTLE ROCK, AR 106,689106.7k $2.7m $2.7m 0.15% Reduced -3.9k -3,878
39 RedJay Asset Management Inc. 2.64% of their portfolio TORONTO, Z4 100,000100.0k $2.6m $2.6m 2.64% First filing
40 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 97,59397.6k $2.5m $2.5m 0.03% Added +7.4k +7,419
41 Canal Capital Management, LLC 0.45% of their portfolio Richmond, VA 95,17095.2k $2.5m $2.5m 0.45% Added +69.4k +69,365
42 FLOW TRADERS U.S. LLC 0.07% of their portfolio NEW YORK, NY 89,38989.4k $2.3m $2.3m 0.07% New
43 E&G Advisors, LLC 0.78% of their portfolio HOUSTON, TX 85,86285.9k $2.2m $2.2m 0.78% Reduced -66.9k -66,908
44 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 84,71684.7k $2.2m $2.2m 0.00% Added +31.0k +30,997
45 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 69,58069.6k $1.8m $1.8m 0.01% Reduced -8.5k -8,495
46 Executive Wealth Management, LLC 0.16% of their portfolio BRIGHTON, MI 67,49267.5k $1.7m $1.7m 0.16% Reduced -14.0k -13,988
47 IFP Advisors, Inc 0.08% of their portfolio TAMPA, FL 66,40366.4k $1.7m $1.7m 0.08% Reduced -1.9k -1,944
48 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 66,34966.3k $1.7m $1.7m 0.01% Reduced -24.7k -24,715
49 Creekmur Asset Management LLC 0.50% of their portfolio MORTON, IL 62,01362.0k $1.6m $1.6m 0.50% First filing
50 Midwest Financial Group LLC 1.17% of their portfolio Overland Park, KS 61,02861.0k $1.6m $1.6m 1.17% Reduced -442 -442
51 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 60,93860.9k $1.6m $1.6m 0.01% Reduced -9.4k -9,366
52 Cedar Brook Financial Partners, LLC 0.34% of their portfolio CLEVELAND, OH 58,17258.2k $1.5m $1.5m 0.34% Added +48.8k +48,797
53 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 56,73856.7k $1.5m $1.5m 0.00% Reduced -2.4k -2,420
54 Dynamic Advisor Solutions LLC 0.05% of their portfolio PHOENIX, AZ 53,98154.0k $1.4m $1.4m 0.05% Added +6.2k +6,243
55 Mariner, LLC 0.00% of their portfolio Overland Park, KS 51,18151.2k $1.3m $1.3m 0.00% Added +6.9k +6,920
56 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 51,09151.1k $1.3m $1.3m 0.01% Added +11.2k +11,162
57 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 48,97149.0k $1.3m $1.3m 0.01% Added +7.7k +7,670
58 R. W. Roge & Company, Inc. 0.80% of their portfolio BOHEMIA, NY 48,38748.4k $1.2m $1.2m 0.80% Reduced -54.7k -54,680
59 Sterneck Capital Management, LLC 0.78% of their portfolio KANSAS CITY, MO 47,70547.7k $1.2m $1.2m 0.78% Added +2.2k +2,235
60 THOR INVESTMENT MANAGEMENT INC /OH/ /ADV 1.07% of their portfolio CINCINNATI, OH 47,44647.4k $1.2m $1.2m 1.07% First filing
61 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 46,68546.7k $1.2m $1.2m 0.00% Added +20.1k +20,142
62 RHS Financial, LLC 0.74% of their portfolio SAN FRANCISCO, CA 45,46845.5k $1.2m $1.2m 0.74% Reduced -241 -241
63 Twelve Points Wealth Management LLC 0.54% of their portfolio CONCORD, MA 44,34544.3k $1.1m $1.1m 0.54% New
64 Innova Wealth Partners 0.94% of their portfolio NEWTOWN, PA 42,56242.6k $1.1m $1.1m 0.94% Reduced -254.3k -254,265
65 LWS Wealth Advisors, Inc. 0.41% of their portfolio BASKING RIDGE, NJ 42,20642.2k $1.1m $1.1m 0.41% Added +2.8k +2,789
66 Perigon Wealth Management, LLC 0.04% of their portfolio SAN FRANCISCO, CA 41,58841.6k $1.1m $1.1m 0.04% Reduced -2.6k -2,613
67 TWO SIGMA SECURITIES, LLC 0.04% of their portfolio NEW YORK, NY 35,56635.6k $916.2k $916.2k 0.04% New
68 Trilogy Capital Inc. 0.05% of their portfolio IRVINE, CA 33,50933.5k $863.2k $863.2k 0.05% Added +221 +221
69 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 29,15329.2k $751.0k $751.0k 0.02% Reduced -101.0k -101,003
70 Moors & Cabot, Inc. 0.04% of their portfolio BOSTON, MA 27,90027.9k $718.7k $718.7k 0.04% Added +20.4k +20,450
71 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 26,95727.0k $694.4k $694.4k 0.00% Added +735 +735
72 Financial Advocates Investment Management 0.04% of their portfolio OLYMPIA, WA 26,57926.6k $684.7k $684.7k 0.04% Reduced -28.8k -28,760
73 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 25,95526.0k $669.9k $669.9k 0.00% Added +5.9k +5,907
74 Ancora Advisors LLC 0.02% of their portfolio Cleveland, OH 25,46325.5k $655.9k $655.9k 0.02% Added +25.2k +25,155
75 LAKE STREET PRIVATE WEALTH, LLC 0.10% of their portfolio CHICAGO, IL 24,85024.9k $640.1k $640.1k 0.10% Reduced -1.7k -1,719
76 RETIREMENT FINANCIAL SOLUTIONS, LLC 0.35% of their portfolio KNOXVILLE, TN 24,15624.2k $622.3k $622.3k 0.35% Added +7.5k +7,497
77 Visionary Wealth Advisors 0.04% of their portfolio O'FALLON, IL 23,59523.6k $607.8k $607.8k 0.04% Added +1.4k +1,384
78 Verum Partners LLC 0.23% of their portfolio CHARLOTTE, NC 22,90622.9k $590.1k $590.1k 0.23% Added +577 +577
79 Ausdal Financial Partners, Inc. 0.07% of their portfolio Davenport, IA 22,73622.7k $585.7k $585.7k 0.07% Reduced -50 -50
80 Ethos Financial Group, LLC 0.12% of their portfolio KING OF PRUSSIA, PA 22,42922.4k $576.0k $576.0k 0.12% Reduced -289.2k -289,218
81 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 21,93021.9k $564.9k $564.9k 0.00% New
82 ROCKLAND TRUST CO 0.03% of their portfolio HANOVER, MA 21,08821.1k $543.2k $543.2k 0.03% New
83 Retirement Group, LLC 0.21% of their portfolio SAN DIEGO, CA 20,60020.6k $530.7k $530.7k 0.21% Added +1.2k +1,200
84 Gallagher Fiduciary Advisors, LLC 0.02% of their portfolio ROLLING MEADOWS, IL 20,28620.3k $522.6k $522.6k 0.02% Reduced -846 -846
85 JANICZEK WEALTH MANAGEMENT, LLC 0.12% of their portfolio DENVER, CO 18,86318.9k $485.9k $485.9k 0.12% Reduced -862 -862
86 First Heartland Consultants, Inc. 0.06% of their portfolio LAKE ST. LOUIS, MO 18,70118.7k $482.0k $482.0k 0.06% Reduced -14.3k -14,283
87 ORG Partners LLC 0.08% of their portfolio ROANOKE, IN 17,72117.7k $456.5k $456.5k 0.08% Reduced -4.3k -4,347
88 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 16,77216.8k $436.6k $436.6k 0.01% Reduced -27.4k -27,350
89 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 16,77216.8k $436.6k $436.6k 0.01% Reduced -27.4k -27,350
90 Meridian Wealth Management, LLC 0.03% of their portfolio LEXINGTON, KY 15,79515.8k $406.9k $406.9k 0.03% Reduced -1.7k -1,660
91 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 14,40914.4k $371.0k $371.0k 0.02% Added +607 +607
92 WEDBUSH SECURITIES INC 0.02% of their portfolio PASADENA, CA 14,26414.3k $367.0k $367.0k 0.02% Reduced -1.1k -1,110
93 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 13,82113.8k $356.0k $356.0k 0.00% Reduced -5.2k -5,187
94 STEWARD PARTNERS INVESTMENT SOLUTIONS, LLC 0.14% of their portfolio PORTLAND, OR 13,46513.5k $346.9k $346.9k 0.14% First filing
95 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 13,32313.3k $343.2k $343.2k 0.00% Reduced -8.1k -8,127
96 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 12,16312.2k $313.3k $313.3k 0.00% New
97 Integrated Advisors Network LLC 0.02% of their portfolio DALLAS, TX 11,87711.9k $305.9k $305.9k 0.02% Reduced -124 -124
98 LINCOLN NATIONAL CORP 0.00% of their portfolio RADNOR, PA 10,99911.0k $283.3k $283.3k 0.00% Added +304 +304
99 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 10,00510.0k $257.7k $257.7k 0.00% Reduced -17.1k -17,054
100 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 9,5349.5k $245.6k $245.6k 0.01% Reduced -1.2k -1,171