Vault-13

MANAGED PORTFOLIO SERIES KHPI

KENSINGTON HEDGE · ETP · CUSIP 56167N183

53 institutional holders +20 vs Q4 2024
3,595,6343.6m shares reported held*
$86.3mreported value*
24 new 15 added 13 reduced 3 sold out net bought ≈ $41.5m (+1.7m 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 ≈ $24.00.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 24: 9Q4 24: 33Q1 25: 5353Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q3 20249
Q4 202433
Q1 202553

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 24: 30 bought or addedQ4 24: 3 cut or sold outQ4 24Q1 25: 39 bought or addedQ1 25: 16 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q4 2024303
Q1 20253916

Biggest buyers

Bison Wealth, LLC New +322,855+322.9k
MONEY CONCEPTS CAPITAL CORP New +273,995+274.0k
LPL Financial LLC New +205,206+205.2k
Kestra Advisory Services, LLC Added +180,927+180.9k
HERITAGE OAK WEALTH ADVISORS LLC Added +154,700+154.7k
HFG Wealth Management, LLC New +148,602+148.6k
INDEPENDENT FINANCIAL GROUP, LLC New +83,342+83.3k
Arete Wealth Advisors, LLC Added +76,539+76.5k
Strategic Blueprint, LLC Added +62,807+62.8k
TOWNSQUARE CAPITAL LLC New +48,335+48.3k

Biggest sellers

CoreCap Advisors, LLC Reduced -34,199-34.2k
SWMG, LLC Reduced -29,898-29.9k
WOLVERINE TRADING, LLC Sold out -20,659-20.7k
Atria Wealth Solutions, Inc. Reduced -16,914-16.9k
Envestnet Portfolio Solutions, Inc. Reduced -9,492-9.5k
Atria Investments, Inc Reduced -9,128-9.1k
Prospera Financial Services Inc Sold out -8,300-8.3k
Fulcrum Equity Management Reduced -8,066-8.1k
Freedom Investment Management, Inc. Reduced -4,119-4.1k
GeoWealth Management, LLC Sold out -2,384-2.4k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HERITAGE OAK WEALTH ADVISORS LLC 4.95% of their portfolio SANTA ROSA BEACH, FL 470,355470.4k $11.3m $11.3m 4.95% Added +154.7k +154,700
2 Bison Wealth, LLC 0.72% of their portfolio ATLANTA, GA 322,855322.9k $7.7m $7.7m 0.72% New
3 MONEY CONCEPTS CAPITAL CORP 0.49% of their portfolio PALM BEACH GARDENS, FL 273,995274.0k $6.6m $6.6m 0.49% New
4 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 213,783213.8k $5.1m $5.1m 0.02% Added +180.9k +180,927
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 205,206205.2k $4.9m $4.9m 0.00% New
6 United Advisor Group, LLC 0.87% of their portfolio CINCINNATI, OH 176,620176.6k $4.2m $4.2m 0.87% Added +18.5k +18,546
7 CoreCap Advisors, LLC 0.16% of their portfolio SOUTHFIELD, MI 148,979149.0k $3.6m $3.6m 0.16% Reduced -34.2k -34,199
8 HFG Wealth Management, LLC 2.27% of their portfolio The Woodlands, TX 148,602148.6k $3.8m $3.8m 2.27% New
9 Apollon Wealth Management, LLC 0.08% of their portfolio MOUNT PLEASANT, SC 144,975145.0k $3.5m $3.5m 0.08% Reduced -2.2k -2,200
10 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 140,172140.2k $3.4m $3.4m 0.00% Added +24.9k +24,885
11 Atria Investments, Inc 0.04% of their portfolio Charlotte, NC 129,874129.9k $3.1m $3.1m 0.04% Reduced -9.1k -9,128
12 Freedom Investment Management, Inc. 0.24% of their portfolio SOUTH WINDSOR, CT 117,669117.7k $2.8m $2.8m 0.24% Reduced -4.1k -4,119
13 Arete Wealth Advisors, LLC 0.20% of their portfolio CHICAGO, IL 109,942109.9k $2.6m $2.6m 0.20% Added +76.5k +76,539
14 Strategic Blueprint, LLC 0.12% of their portfolio ATLANTA, GA 90,25390.3k $2.2m $2.2m 0.12% Added +62.8k +62,807
15 INDEPENDENT FINANCIAL GROUP, LLC 0.07% of their portfolio SAN DIEGO, CA 83,34283.3k $2.0m $2.0m 0.07% New
16 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 79,78079.8k $1.9m $1.9m 0.01% Reduced -9.5k -9,492
17 Atria Wealth Solutions, Inc. 0.02% of their portfolio NEW YORK, NY 72,06672.1k $1.7m $1.7m 0.02% Reduced -16.9k -16,914
18 Intrepid Financial Planning Group LLC 0.66% of their portfolio CARMEL, IN 59,70059.7k $1.4m $1.4m 0.66% Added +144 +144
19 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 54,93854.9k $1.3m $1.3m 0.00% Added +39.3k +39,311
20 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 48,84448.8k $1.2m $1.2m 0.04% Added +27.7k +27,724
21 Balefire, LLC 0.40% of their portfolio DALLAS, TX 48,33548.3k $1.2m $1.2m 0.40% Reduced -312 -312
22 TOWNSQUARE CAPITAL LLC 0.01% of their portfolio Lehi, UT 48,33548.3k $1.2m $1.2m 0.01% New
23 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 34,53734.5k $827.5k $827.5k 0.01% Reduced -241 -241
24 Castleview Partners, LLC 0.42% of their portfolio DALLAS, TX 25,85625.9k $619.5k $619.5k 0.42% Added +408 +408
25 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 24,00024.0k $575.0k $575.0k 0.00% Reduced -1.5k -1,522
26 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 21,85421.9k $523.6k $523.6k 0.02% Added +3.1k +3,145
27 Onyx Bridge Wealth Group LLC 0.06% of their portfolio TARRYTOWN, NY 18,90018.9k $452.8k $452.8k 0.06% Added +4.7k +4,727
28 Rossby Financial, LCC 0.19% of their portfolio MELBOURNE, FL 18,60018.6k $442.1k $442.1k 0.19% Added +5.1k +5,100
29 Sunbelt Securities, Inc. 0.04% of their portfolio HOUSTON, TX 18,56618.6k $444.8k $444.8k 0.04% Added +1.2k +1,155
30 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 18,26218.3k $437.6k $437.6k 0.00% New
31 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 17,89917.9k $428.9k $428.9k 0.01% New
32 SWMG, LLC 0.17% of their portfolio FORT WORTH, TX 17,81117.8k $423.4k $423.4k 0.17% Reduced -29.9k -29,898
33 Joseph P. Lucia & Associates, LLC 0.19% of their portfolio Yorktown Heights, NY 16,91016.9k $405.2k $405.2k 0.19% New
34 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 14,35114.4k $343.8k $343.8k 0.01% New
35 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 14,34114.3k $343.6k $343.6k 0.00% New
36 Orion Portfolio Solutions, LLC 0.00% of their portfolio Omaha, NE 14,34114.3k $343.6k $343.6k 0.00% New
37 Fulcrum Equity Management 0.35% of their portfolio PLANO, TX 13,39713.4k $321.0k $321.0k 0.35% Reduced -8.1k -8,066
38 Virtue Capital Management, LLC 0.04% of their portfolio BRENTWOOD, TN 12,67012.7k $304.2k $304.2k 0.04% New
39 Simplicity Wealth,LLC 0.02% of their portfolio SUMMIT, NJ 12,62312.6k $302.4k $302.4k 0.02% New
40 Gladstone Institutional Advisory LLC 0.01% of their portfolio Bedminster, NJ 12,00012.0k $287.5k $287.5k 0.01% New
41 U.S. Capital Wealth Advisors, LLC 0.01% of their portfolio AUSTIN, TX 11,65011.7k $279.1k $279.1k 0.01% New
42 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 11,05611.1k $264.9k $264.9k 0.01% New
43 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 10,02210.0k $240.0k $240.0k 0.00% New
44 Triumph Capital Management 0.08% of their portfolio DENVER, CO 9,8449.8k $235.9k $235.9k 0.08% New
45 Smartleaf Asset Management LLC 0.02% of their portfolio BOSTON, MA 9,7119.7k $234.1k $234.1k 0.02% Added +1.6k +1,611
46 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 9,3039.3k $222.9k $222.9k 0.00% New
47 Legacy Capital Wealth Partners, LLC 0.05% of their portfolio LITTLE ROCK, AR 9,1429.1k $219.0k $219.0k 0.05% New
48 World Investment Advisors 0.01% of their portfolio LINCROFT, NJ 9,1059.1k $218.2k $218.2k 0.01% Reduced -581 -581
49 COMERICA BANK 0.00% of their portfolio DALLAS, TX 111111 $2.7k $2.7k 0.00% New
50 UBS Group AG 0.00% of their portfolio ZURICH, V8 6666 $1.6k $1.6k 0.00% Reduced -26 -26
51 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6262 $1.5k $1.5k 0.00% New
52 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2424 $581 $581 0.00% New
53 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged