Vault-13

MANAGED PORTFOLIO SERIES KHPI

KENSINGTON HEDGE · ETP · CUSIP 56167N183

74 institutional holders +2 vs Q4 2025
10,171,17210.2m shares reported held*
$247.8mreported value*
6 new 52 added 9 reduced 4 sold out net bought ≈ $56.1m (+2.3m 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 ($492.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.37.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 24: 9Q4 24: 33Q1 25: 53Q2 25: 54Q3 25: 67Q4 25: 72Q1 26: 7474Q3 24Q1 25Q3 25Q1 26
Numbers
QuarterHolders
Q3 20249
Q4 202433
Q1 202553
Q2 202554
Q3 202567
Q4 202572
Q1 202674

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 24: 30 bought or addedQ4 24: 3 cut or sold outQ4 24Q1 25: 39 bought or addedQ1 25: 16 cut or sold outQ1 25Q2 25: 41 bought or addedQ2 25: 17 cut or sold outQ2 25Q3 25: 56 bought or addedQ3 25: 13 cut or sold outQ3 25Q4 25: 59 bought or addedQ4 25: 15 cut or sold outQ4 25Q1 26: 58 bought or addedQ1 26: 13 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q4 2024303
Q1 20253916
Q2 20254117
Q3 20255613
Q4 20255915
Q1 20265813

Biggest buyers

LPL Financial LLC Added +838,182+838.2k
Apollon Wealth Management, LLC Added +489,218+489.2k
Kestra Advisory Services, LLC Added +161,494+161.5k
HERITAGE OAK WEALTH ADVISORS LLC Added +127,943+127.9k
Sanctuary Advisors, LLC Added +75,168+75.2k
Cornerstone Wealth Management, LLC Added +66,467+66.5k
Prospera Financial Services Inc Added +64,268+64.3k
MONEY CONCEPTS CAPITAL CORP Added +59,271+59.3k
Aptus Capital Advisors, LLC Added +47,957+48.0k
GUARDIAN WEALTH ADVISORS, LLC / NC Added +47,957+48.0k

Biggest sellers

IFG Advisory, LLC Sold out -36,521-36.5k
Diversify Advisory Services, LLC Sold out -28,476-28.5k
Onyx Bridge Wealth Group LLC Reduced -27,660-27.7k
Smartleaf Asset Management LLC Reduced -17,376-17.4k
INDEPENDENT FINANCIAL GROUP, LLC Reduced -15,339-15.3k
J.W. COLE ADVISORS, INC. Sold out -9,773-9.8k
STIFEL FINANCIAL CORP Reduced -6,404-6.4k
Private Advisor Group, LLC Reduced -6,311-6.3k
Arete Wealth Advisors, LLC Reduced -5,289-5.3k
CPR Investments Inc. Reduced -4,915-4.9k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,981,3673.0m $72.2m $72.2m 0.02% Added +838.2k +838,182
2 Apollon Wealth Management, LLC 0.32% of their portfolio MOUNT PLEASANT, SC 805,072805.1k $19.5m $19.5m 0.32% Added +489.2k +489,218
3 HERITAGE OAK WEALTH ADVISORS LLC 5.49% of their portfolio SANTA ROSA BEACH, FL 708,031708.0k $17.3m $17.3m 5.49% Added +127.9k +127,943
4 Bison Wealth, LLC 1.68% of their portfolio ATLANTA, GA 664,998665.0k $17.3m $17.3m 1.68% Added +28.1k +28,069
5 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 507,186507.2k $12.3m $12.3m 0.05% Added +161.5k +161,494
6 Prospera Financial Services Inc 0.14% of their portfolio Dallas, TX 360,013360.0k $8.7m $8.7m 0.14% Added +64.3k +64,268
7 Delta Investment Management, LLC 1.06% of their portfolio SAN FRANCISCO, CA 245,514245.5k $5.9m $5.9m 1.06% Added +45.6k +45,622
8 CoreCap Advisors, LLC 0.20% of their portfolio SOUTHFIELD, MI 237,298237.3k $5.7m $5.7m 0.20% Added +39.1k +39,057
9 United Advisor Group, LLC 0.70% of their portfolio CINCINNATI, OH 234,135234.1k $5.7m $5.7m 0.70% Added +4.4k +4,436
10 Atria Investments, Inc 0.06% of their portfolio Charlotte, NC 222,710222.7k $5.4m $5.4m 0.06% Added +16.3k +16,324
11 Sigma Planning Corp 0.14% of their portfolio ANN ARBOR, MI 208,294208.3k $5.0m $5.0m 0.14% Added +28.3k +28,253
12 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 198,102198.1k $4.8m $4.8m 0.01% Added +23.1k +23,117
13 Aptus Capital Advisors, LLC 0.04% of their portfolio FAIRHOPE, AL 177,729177.7k $4.3m $4.3m 0.04% Added +48.0k +47,957
14 GUARDIAN WEALTH ADVISORS, LLC / NC 0.27% of their portfolio RALEIGH, NC 177,729177.7k $4.3m $4.3m 0.27% Added +48.0k +47,957
15 HFG Wealth Management, LLC 2.32% of their portfolio The Woodlands, TX 174,490174.5k $4.2m $4.2m 2.32% Added +1.9k +1,869
16 Arete Wealth Advisors, LLC 0.27% of their portfolio CHICAGO, IL 148,548148.5k $3.6m $3.6m 0.27% Reduced -5.3k -5,289
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 145,817145.8k $3.5m $3.5m 0.00% Added +11.6k +11,600
18 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 118,801118.8k $2.9m $2.9m 0.02% Added +75.2k +75,168
19 Cornerstone Wealth Management, LLC 0.14% of their portfolio ST. PETERS, MO 117,385117.4k $2.8m $2.8m 0.14% Added +66.5k +66,467
20 Triumph Capital Management 0.52% of their portfolio DENVER, CO 105,694105.7k $2.6m $2.6m 0.52% Added +3.2k +3,226
21 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 93,99094.0k $2.3m $2.3m 0.02% Added +5.9k +5,913
22 Strategic Blueprint, LLC 0.13% of their portfolio ATLANTA, GA 91,72991.7k $2.2m $2.2m 0.13% Added +13.3k +13,276
23 MONEY CONCEPTS CAPITAL CORP 0.12% of their portfolio PALM BEACH GARDENS, FL 89,66589.7k $2.2m $2.2m 0.12% Added +59.3k +59,271
24 Wealthcare Advisory Partners LLC 0.04% of their portfolio WEST CHESTER, PA 84,75784.8k $2.1m $2.1m 0.04% Added +10.3k +10,349
25 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 84,24984.2k $2.2m $2.2m 0.01% Added +12.4k +12,384
26 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 81,14381.1k $2.0m $2.0m 0.03% Added +1.5k +1,481
27 Concurrent Investment Advisors, LLC 0.02% of their portfolio Tampa, FL 76,64176.6k $1.9m $1.9m 0.02% Added +1.0k +1,025
28 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 72,67672.7k $1.8m $1.8m 0.02% Added +39.4k +39,413
29 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 62,71562.7k $1.5m $1.5m 0.03% Added +839 +839
30 Intrepid Financial Planning Group LLC 0.59% of their portfolio CARMEL, IN 60,15760.2k $1.5m $1.5m 0.59% Added +514 +514
31 Ascension Capital Advisors, Inc. 0.43% of their portfolio Houston, TX 56,34656.3k $1.4m $1.4m 0.43% Added +979 +979
32 CPR Investments Inc. 0.68% of their portfolio Rochester, MI 42,02342.0k $1.0m $1.0m 0.68% Reduced -4.9k -4,915
33 Balefire, LLC 0.17% of their portfolio DALLAS, TX 37,49637.5k $907.8k $907.8k 0.17% Added +9.0k +9,029
34 Virtue Capital Management, LLC 0.13% of their portfolio BRENTWOOD, TN 36,01936.0k $865.9k $865.9k 0.13% Added +13.0k +13,034
35 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 34,74134.7k $841.1k $841.1k 0.00% Added +11.1k +11,088
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 34,16734.2k $827.2k $827.2k 0.00% Added +4.9k +4,920
37 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 34,09634.1k $825.5k $825.5k 0.00% Added +25.3k +25,251
38 Joseph P. Lucia & Associates, LLC 0.28% of their portfolio Yorktown Heights, NY 32,24032.2k $785.0k $785.0k 0.28% Added +2.7k +2,743
39 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 31,69831.7k $767.4k $767.4k 0.01% Added +11.2k +11,153
40 DIVERSIFY WEALTH MANAGEMENT, LLC 0.01% of their portfolio SANDY, UT 29,09029.1k $746.9k $746.9k 0.01% New
41 Sunbelt Securities, Inc. 0.04% of their portfolio HOUSTON, TX 28,88228.9k $699.2k $699.2k 0.04% Added +685 +685
42 Onyx Bridge Wealth Group LLC 0.07% of their portfolio TARRYTOWN, NY 28,50028.5k $690.0k $690.0k 0.07% Reduced -27.7k -27,660
43 TITLEIST ASSET MANAGEMENT, LLC 0.05% of their portfolio SAN ANTONIO, TX 28,16928.2k $682.0k $682.0k 0.05% Added +3.4k +3,369
44 U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio AUSTIN, TX 26,27526.3k $636.1k $636.1k 0.02% Added +2.4k +2,400
45 SWMG, LLC 0.18% of their portfolio FORT WORTH, TX 25,98426.0k $629.1k $629.1k 0.18% Added +3.0k +3,037
46 PRIVATE TRUST CO NA 0.05% of their portfolio CLEVELAND, OH 25,34525.3k $613.6k $613.6k 0.05% New
47 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 23,81423.8k $577.0k $577.0k 0.00% Added +200 +200
48 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 23,75723.8k $575.2k $575.2k 0.01% Reduced -15.3k -15,339
49 Mariner, LLC 0.00% of their portfolio Overland Park, KS 22,86622.9k $553.6k $553.6k 0.00% Added +10.6k +10,627
50 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 20,49620.5k $496.2k $496.2k 0.01% Added +4.2k +4,182
51 GeoWealth Management, LLC 0.02% of their portfolio CHICAGO, IL 20,35020.4k $492.7k $492.7k 0.02% Added +3.4k +3,365
52 Rossby Financial, LCC 0.09% of their portfolio MELBOURNE, FL 18,60018.6k $452.5k $452.5k 0.09% Unchanged
53 Fulcrum Equity Management 0.43% of their portfolio PLANO, TX 18,13118.1k $439.0k $439.0k 0.43% Added +1.3k +1,292
54 WCG Wealth Advisors LLC 0.01% of their portfolio LAS VEGAS, NV 18,02518.0k $436.4k $436.4k 0.01% New
55 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 17,08817.1k $413.7k $413.7k 0.00% Reduced -6.3k -6,311
56 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 16,75216.8k $405.6k $405.6k 0.00% Added +322 +322
57 WORLD EQUITY GROUP, INC. 0.10% of their portfolio SCHAUMBURG, IL 16,01716.0k $387.8k $387.8k 0.10% New
58 Ethos Financial Group, LLC 0.03% of their portfolio KING OF PRUSSIA, PA 13,54913.5k $347.7k $347.7k 0.03% Unchanged
59 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio ORLANDO, FL 13,39213.4k $325.8k $325.8k 0.02% Added +6.1k +6,084
60 KINGSWOOD WEALTH ADVISORS, LLC 0.01% of their portfolio SAN DIEGO, CA 12,53712.5k $303.5k $303.5k 0.01% Reduced -284 -284
61 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 12,22712.2k $296.0k $296.0k 0.01% Added +3.6k +3,635
62 Legacy Capital Wealth Partners, LLC 0.05% of their portfolio LITTLE ROCK, AR 10,97711.0k $265.8k $265.8k 0.05% Added +1.5k +1,456
63 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 10,63810.6k $257.5k $257.5k 0.00% Reduced -6.4k -6,404
64 Ausdal Financial Partners, Inc. 0.01% of their portfolio Davenport, IA 9,8429.8k $238.3k $238.3k 0.01% Added +1.8k +1,803
65 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 8,4008.4k $203.4k $203.4k 0.01% Unchanged
66 Fortis Capital Advisors, LLC 0.03% of their portfolio PRAIRIE VILLAGE, KS 8,4008.4k $203.4k $203.4k 0.03% Unchanged
67 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,9875.0k $120.7k $120.7k 0.00% Unchanged
68 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,1872.2k $53.0k $53.0k 0.00% New
69 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 249249 $6.0k $6.0k 0.00% Reduced -17.4k -17,376
70 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 236236 $6.0k $6.0k 0.00% Added +89 +89
71 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 213213 $5.2k $5.2k 0.00% Unchanged
72 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 6060 $1.5k $1.5k 0.00% Unchanged
73 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 2525 $604 $604 0.00% New
74 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 11 $24 $24 0.00% Reduced -13 -13