Vault-13

LITMAN GREGORY FDS TR DBMF

IMGP DBI MANAGED · ETP · CUSIP 53700T827

328 institutional holders +27 vs Q1 2026
92,013,54192.0m shares reported held*
$2.8bnreported value*
60 new 171 added 67 reduced 30 sold out net bought ≈ $253.8m (+8.3m 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 ($18.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $30.57. Options: 0 managers hold calls (— notional), 1 hold puts ($9.2k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 101Q4 22: 153Q1 23: 138Q2 23: 137Q3 23: 136Q4 23: 131Q1 24: 140Q2 24: 156Q3 24: 158Q4 24: 191Q1 25: 191Q2 25: 191Q3 25: 192Q4 25: 241Q1 26: 301Q2 26: 328328Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022101
Q4 2022153
Q1 2023138
Q2 2023137
Q3 2023136
Q4 2023131
Q1 2024140
Q2 2024156
Q3 2024158
Q4 2024191
Q1 2025191
Q2 2025191
Q3 2025192
Q4 2025241
Q1 2026301
Q2 2026328

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 93 bought or addedQ3 24: 70 cut or sold outQ4 24: 112 bought or addedQ4 24: 67 cut or sold outQ4 24Q1 25: 112 bought or addedQ1 25: 97 cut or sold outQ2 25: 107 bought or addedQ2 25: 90 cut or sold outQ2 25Q3 25: 113 bought or addedQ3 25: 80 cut or sold outQ4 25: 151 bought or addedQ4 25: 74 cut or sold outQ4 25Q1 26: 215 bought or addedQ1 26: 80 cut or sold outQ2 26: 231 bought or addedQ2 26: 97 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20249370
Q4 202411267
Q1 202511297
Q2 202510790
Q3 202511380
Q4 202515174
Q1 202621580
Q2 202623197

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ3 25 calls: $284.0kQ3 25 puts: $49.0kQ3 25P/C 0.17Q4 25 calls: $805.3kQ4 25 puts: $2.0mQ4 25P/C 2.47Q1 26 calls: $0Q1 26 puts: $6.0kQ1 26P/C —Q2 26 calls: $0Q2 26 puts: $9.2kQ2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$284.0k$49.0k0.17
Q4 2025$805.3k$2.0m2.47
Q1 2026$0$6.0k—
Q2 2026$0$9.2k—

Biggest buyers

JPMORGAN CHASE & CO Added +4,587,492+4.6m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +1,010,345+1.0m
MORGAN STANLEY Added +825,934+825.9k
RAYMOND JAMES FINANCIAL INC Added +693,331+693.3k
BANK OF AMERICA CORP /DE/ Added +509,176+509.2k
HENGEHOLD CAPITAL MANAGEMENT LLC New +411,429+411.4k
GTS SECURITIES LLC New +405,513+405.5k
Cetera Investment Advisers Added +404,213+404.2k
New York Life Investment Management LLC Added +286,412+286.4k
CITIGROUP INC Added +225,256+225.3k

Biggest sellers

FLOW TRADERS U.S. LLC Reduced -1,940,314-1.9m
POTOMAC FUND MANAGEMENT INC /ADV Sold out -945,021-945.0k
LPL Financial LLC Reduced -760,641-760.6k
Beacon Harbor Wealth Advisors, Inc. Sold out -447,198-447.2k
Steward Partners Investment Advisory, LLC Reduced -405,127-405.1k
ASHTON THOMAS SECURITIES, LLC Sold out -277,807-277.8k
Kovack Advisors, Inc. Reduced -111,722-111.7k
Mariner, LLC Sold out -88,944-88.9k
Midwest Financial Group LLC Sold out -80,922-80.9k
Independent Advisor Alliance Sold out -66,339-66.3k

Biggest calls

None

Biggest puts

SIMPLEX TRADING, LLC Added $9.2k300 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.15% of their portfolio FORT MILL, SC 21,263,57221.3m $650.9m $650.9m 0.15% Reduced -760.6k -760,641
2 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 12,158,38312.2m $369.3m $369.3m 0.02% Added +4.6m +4,587,492
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 9,877,1549.9m $302.3m $302.3m 0.02% Added +825.9k +825,934
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 3,426,0883.4m $104.9m $104.9m 0.06% Added +1.0m +1,010,345
5 TIAA Wealth Investment Management LLC 0.57% of their portfolio New York, NY 2,799,6082.8m $85.0m $85.0m 0.57% Reduced -61.4k -61,418
6 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 2,580,8532.6m $79.0m $79.0m 0.02% Added +693.3k +693,331
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,028,7202.0m $62.1m $62.1m 0.00% Added +509.2k +509,176
8 Parcion Private Wealth LLC 2.57% of their portfolio BELLEVUE, WA 1,511,6681.5m $46.3m $46.3m 2.57% Reduced -19.1k -19,146
9 Tidal Investments LLC 0.10% of their portfolio Milwaukee, WI 1,390,8521.4m $42.6m $42.6m 0.10% Added +7.1k +7,073
10 Cardinal Point Capital Management ULC 2.18% of their portfolio TORONTO, A6 1,257,8391.3m $38.5m $38.5m 2.18% Added +23.5k +23,542
11 Beacon Pointe Advisors, LLC 0.16% of their portfolio NEWPORT BEACH, CA 1,124,7671.1m $34.4m $34.4m 0.16% Added +57.8k +57,755
12 Goldstein Advisors, LLC 3.02% of their portfolio Madison, WI 1,078,9141.1m $33.0m $33.0m 3.02% Added +16.5k +16,466
13 Edge Wealth Management LLC 5.49% of their portfolio NEW YORK, NY 1,064,3121.1m $32.6m $32.6m 5.49% Added +1.8k +1,818
14 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,050,5721.1m $32.2m $32.2m 0.01% Added +128.2k +128,234
15 New York Life Investment Management LLC 0.21% of their portfolio New York, NY 968,970969.0k $29.7m $29.7m 0.21% Added +286.4k +286,412
16 Farther Finance Advisors, LLC 0.23% of their portfolio SAN FRANCISCO, CA 955,584955.6k $29.2m $29.2m 0.23% Added +215.6k +215,640
17 Savant Capital, LLC 0.09% of their portfolio ROCKFORD, IL 953,743953.7k $29.2m $29.2m 0.09% Reduced -2.1k -2,062
18 Concurrent Investment Advisors, LLC 0.20% of their portfolio Tampa, FL 760,768760.8k $23.3m $23.3m 0.20% Added +99.7k +99,674
19 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 754,052754.1k $23.1m $23.1m 0.01% Added +11.4k +11,429
20 ROCKLAND TRUST CO 0.84% of their portfolio HANOVER, MA 695,808695.8k $21.3m $21.3m 0.84% Added +68.2k +68,154
21 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 690,416690.4k $21.1m $21.1m 0.02% Added +404.2k +404,213
22 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 680,379680.4k $20.8m $20.8m 0.03% Added +92.1k +92,110
23 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 4.14% of their portfolio EAGLE, ID 638,441638.4k $19.5m $19.5m 4.14% Added +25.8k +25,837
24 Penserra Capital Management LLC 0.13% of their portfolio ORINDA, CA 556,210556.2k $17.0m $17.0m 0.13% Reduced -33.6k -33,572
25 Fortitude Family Office, LLC 3.30% of their portfolio SCOTTSDALE, AZ 552,973553.0k $16.9m $16.9m 3.30% Added +56.3k +56,336
26 SAGE PRIVATE WEALTH GROUP, LLC 7.36% of their portfolio OAKBROOK TERRACE, IL 534,485534.5k $16.4m $16.4m 7.36% Added +39.0k +39,018
27 IAG Wealth Partners, LLC 1.55% of their portfolio WAUKESHA, WI 511,925511.9k $15.7m $15.7m 1.55% Reduced -29.2k -29,245
28 Merit Financial Group, LLC 0.10% of their portfolio ALPHARETTA, GA 504,693504.7k $15.4m $15.4m 0.10% Added +102.5k +102,487
29 Evelyn Partners Group Ltd 0.26% of their portfolio LONDON, X0 501,057501.1k $15.3m $15.3m 0.26% First filing
30 Austin Wealth Management, LLC 3.12% of their portfolio Austin, TX 478,909478.9k $14.8m $14.8m 3.12% Added +14.9k +14,947
31 Prentice Wealth Management LLC 2.87% of their portfolio Rochester, NY 453,578453.6k $13.9m $13.9m 2.87% Added +17.9k +17,884
32 ALM First Financial Advisors, LLC 2.33% of their portfolio DALLAS, TX 452,775452.8k $13.9m $13.9m 2.33% Reduced -59.6k -59,635
33 OneDigital Investment Advisors LLC 0.11% of their portfolio OVERLAND PARK, KS 428,464428.5k $13.1m $13.1m 0.11% Reduced -15.6k -15,629
34 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 421,632421.6k $12.9m $12.9m 0.01% Added +221.9k +221,878
35 HENGEHOLD CAPITAL MANAGEMENT LLC 0.98% of their portfolio CINCINNATI, OH 411,429411.4k $12.6m $12.6m 0.98% New
36 GTS SECURITIES LLC 0.26% of their portfolio NEW YORK, NY 405,513405.5k $12.4m $12.4m 0.26% New
37 A&I FINANCIAL SERVICES, LLC 4.71% of their portfolio LONE TREE, CO 353,455353.5k $10.8m $10.8m 4.71% Reduced -4.0k -4,042
38 Equitable Holdings, Inc. 0.06% of their portfolio NEW YORK, NY 346,631346.6k $10.6m $10.6m 0.06% Added +72.1k +72,123
39 Professional Financial Advisors, LLC 1.78% of their portfolio NORTH PLATTE, NE 335,666335.7k $10.3m $10.3m 1.78% Added +18.7k +18,746
40 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 335,248335.2k $10.3m $10.3m 0.02% Reduced -25.1k -25,051
41 Scarborough Advisors, LLC 1.11% of their portfolio ANNAPOLIS, MD 313,922313.9k $9.7m $9.7m 1.11% Reduced -29.7k -29,703
42 AXXCESS WEALTH MANAGEMENT, LLC 0.15% of their portfolio CARLSBAD, CA 313,579313.6k $9.6m $9.6m 0.15% Added +16.6k +16,629
43 Ethos Financial Group, LLC 0.65% of their portfolio KING OF PRUSSIA, PA 311,885311.9k $9.7m $9.7m 0.65% Added +162.6k +162,604
44 Leelyn Smith, LLC 1.15% of their portfolio GENEVA, IL 310,003310.0k $9.5m $9.5m 1.15% Added +13.8k +13,798
45 Cambria Investment Management, L.P. 0.47% of their portfolio Manhattan Beach, CA 307,913307.9k $9.4m $9.4m 0.47% Added +6.4k +6,446
46 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 297,499297.5k $9.1m $9.1m 0.00% Reduced -4.6k -4,555
47 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 268,036268.0k $8.2m $8.2m 0.04% Added +14.8k +14,766
48 FMA Wealth Management, LLC 4.71% of their portfolio DUXBURY, MA 240,522240.5k $7.4m $7.4m 4.71% Reduced -7.6k -7,605
49 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 238,206238.2k $7.3m $7.3m 0.00% Added +225.3k +225,256
50 Valmark Advisers, Inc. 0.08% of their portfolio AKRON, OH 234,002234.0k $7.2m $7.2m 0.08% Added +15.9k +15,872
51 MANNING & NAPIER ADVISORS LLC 0.09% of their portfolio Fairport, NY 222,799222.8k $6.8m $6.8m 0.09% Added +76.1k +76,122
52 LS Investment Advisors, LLC 0.90% of their portfolio Bloomfield Hills, MI 216,670216.7k $6.6m $6.6m 0.90% Added +169.1k +169,140
53 Empire Financial Management Company, LLC 2.62% of their portfolio NEW YORK, NY 216,006216.0k $6.6m $6.6m 2.62% Added +2.2k +2,238
54 Upper Left Wealth Management, LLC 3.62% of their portfolio TAMPA, FL 213,173213.2k $6.5m $6.5m 3.62% Added +13.0k +12,999
55 Empowered Funds, LLC 0.03% of their portfolio NEWTOWN SQUARE, PA 211,930211.9k $6.5m $6.5m 0.03% Added +4.1k +4,064
56 Innova Wealth Partners 2.62% of their portfolio NEWTOWN, PA 206,423206.4k $6.3m $6.3m 2.62% Added +172.8k +172,849
57 CSS LLC/IL 0.28% of their portfolio CHICAGO, IL 205,764205.8k $6.3m $6.3m 0.28% Unchanged
58 GAINLINE FINANCIAL PARTNERS, LLC 5.60% of their portfolio LOUISVILLE, CO 195,951196.0k $6.0m $6.0m 5.60% First filing
59 Fermata Advisors, LLC 1.20% of their portfolio SONOMA, CA 193,737193.7k $5.9m $5.9m 1.20% Added +7.0k +6,997
60 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 191,166191.2k $5.9m $5.9m 0.01% Reduced -9.9k -9,878
61 Longview Financial Advisors, Inc. 3.24% of their portfolio HUNTSVILLE, AL 181,207181.2k $5.5m $5.5m 3.24% Added +31.4k +31,444
62 CoreCap Advisors, LLC 0.16% of their portfolio SOUTHFIELD, MI 175,093175.1k $5.4m $5.4m 0.16% Added +9.0k +8,998
63 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 171,696171.7k $5.3m $5.3m 0.03% Added +50.1k +50,080
64 Beacon Capital Management, Inc. 0.31% of their portfolio DAYTON, OH 166,801166.8k $5.1m $5.1m 0.31% Added +505 +505
65 IFG Advisory, LLC 0.18% of their portfolio ATLANTA, GA 164,695164.7k $5.0m $5.0m 0.18% New
66 SENTINEL TRUST CO LBA 0.44% of their portfolio HOUSTON, TX 162,287162.3k $5.0m $5.0m 0.44% New
67 Canal Capital Management, LLC 0.58% of their portfolio Richmond, VA 156,209156.2k $4.8m $4.8m 0.58% Added +100.4k +100,383
68 Kroeger Financial Partners 4.62% of their portfolio GRASS VALLEY, CA 156,208156.2k $4.8m $4.8m 4.62% First filing
69 Elyxium Wealth, LLC 0.49% of their portfolio BEVERLY HILLS, CA 153,596153.6k $4.7m $4.7m 0.49% Added +7.9k +7,882
70 Principia Wealth Advisory, LLC 2.32% of their portfolio DALLAS, TX 151,459151.5k $4.6m $4.6m 2.32% Added +37.6k +37,617
71 ENTREWEALTH, LLC 1.72% of their portfolio AUSTIN, TX 150,140150.1k $4.6m $4.6m 1.72% Added +12.0k +12,031
72 CAPITOLIS LIQUID GLOBAL MARKETS LLC 0.02% of their portfolio NEW YORK, NY 149,900149.9k $4.6m $4.6m 0.02% Reduced -31.9k -31,900
73 Live Oak Investment Partners 2.45% of their portfolio AUSTIN, TX 148,674148.7k $4.6m $4.6m 2.45% Added +4.6k +4,638
74 Avestar Capital, LLC 0.27% of their portfolio New York, NY 147,007147.0k $4.5m $4.5m 0.27% Added +7.4k +7,390
75 Collaborative Fund Advisors, LLC 2.47% of their portfolio RENO, NV 138,844138.8k $4.3m $4.3m 2.47% Added +45.4k +45,358
76 SKY-MOUNTAIN CAPITAL MANAGEMENT, INC. 3.04% of their portfolio KETCHUM, ID 138,409138.4k $4.2m $4.2m 3.04% Added +1.3k +1,286
77 Rubicon Advisors, GP 3.05% of their portfolio REDDING, CA 137,009137.0k $4.2m $4.2m 3.05% Added +62.1k +62,116
78 Trademark Financial Management, LLC 1.70% of their portfolio Bloomington, MN 135,356135.4k $4.1m $4.1m 1.70% Added +110.8k +110,779
79 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 134,765134.8k $4.1m $4.1m 0.02% Added +9.1k +9,087
80 Altiora Financial Group, LLC 0.64% of their portfolio LEBANON, OH 133,389133.4k $4.1m $4.1m 0.64% Added +63.2k +63,198
81 Mission Creek Capital Partners, Inc. 0.70% of their portfolio SAN FRANCISCO, CA 130,944130.9k $4.0m $4.0m 0.70% Added +7.5k +7,525
82 Sterneck Capital Management, LLC 1.72% of their portfolio KANSAS CITY, MO 130,921130.9k $4.0m $4.0m 1.72% Reduced -282 -282
83 ASPIRIANT, LLC 0.09% of their portfolio San Francisco, CA 123,644123.6k $3.8m $3.8m 0.09% Reduced -2.9k -2,874
84 STANSBERRY ASSET MANAGEMENT, LLC 0.34% of their portfolio Westlake, TX 120,867120.9k $3.7m $3.7m 0.34% Added +3.0k +3,002
85 Advyzon Investment Management, LLC 0.27% of their portfolio LISLE, IL 120,703120.7k $3.7m $3.7m 0.27% Added +21.2k +21,213
86 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 117,384117.4k $3.6m $3.6m 0.00% Added +20.6k +20,636
87 ARWA LLC 1.43% of their portfolio FORT WORTH, TX 111,671111.7k $3.4m $3.4m 1.43% Added +31.7k +31,674
88 Forum Finance Group S.A. 0.96% of their portfolio GENEVA, V8 108,120108.1k $2.7m $2.7m 0.96% Added +30.6k +30,566
89 MGO ONE SEVEN LLC 0.05% of their portfolio Beachwood, OH 108,060108.1k $3.3m $3.3m 0.05% Added +16.8k +16,805
90 R. W. Roge & Company, Inc. 1.39% of their portfolio BOHEMIA, NY 107,098107.1k $3.3m $3.3m 1.39% Added +19.7k +19,661
91 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 105,888105.9k $3.2m $3.2m 0.03% Reduced -15.2k -15,215
92 Fairman Group, LLC 2.53% of their portfolio CHESTERBROOK, PA 105,300105.3k $3.2m $3.2m 2.53% Added +3.0k +3,044
93 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 103,341103.3k $3.2m $3.2m 0.01% Added +11.7k +11,671
94 Sound Financial Strategies Group, LLC 1.97% of their portfolio MADISON, MS 101,525101.5k $3.1m $3.1m 1.97% Reduced -10 -10
95 MKD WEALTH COACHES, LLC 2.63% of their portfolio TROY, MI 100,670100.7k $3.1m $3.1m 2.63% Added +4.8k +4,835
96 EXCHANGE TRADED CONCEPTS, LLC 0.02% of their portfolio Oklahoma City, OK 100,229100.2k $3.1m $3.1m 0.02% Added +9.8k +9,817
97 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 98,51098.5k $3.0m $3.0m 0.00% Added +58.9k +58,902
98 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 93,21893.2k $2.9m $2.9m 0.00% Added +59.5k +59,503
99 Clarity Asset Management, Inc. 1.39% of their portfolio AMES, IA 92,84492.8k $2.8m $2.8m 1.39% Added +24.5k +24,451
100 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 90,79790.8k $2.8m $2.8m 0.00% New