Vault-13

MANAGED PORTFOLIO SERIES KHPI

KENSINGTON HEDGE · ETP · CUSIP 56167N183

76 institutional holders +2 vs Q1 2026
11,309,05211.3m shares reported held*
$292.3mreported value*
10 new 33 added 26 reduced 6 sold out net bought ≈ $30.6m (+1.2m 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 ($327.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.84.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 24: 9Q4 24: 33Q1 25: 53Q2 25: 54Q3 25: 67Q4 25: 72Q1 26: 74Q2 26: 7676Q3 24Q1 25Q3 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 20249
Q4 202433
Q1 202553
Q2 202554
Q3 202567
Q4 202572
Q1 202674
Q2 202676

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 outQ2 25: 41 bought or addedQ2 25: 17 cut or sold outQ2 25Q3 25: 56 bought or addedQ3 25: 13 cut or sold outQ4 25: 59 bought or addedQ4 25: 15 cut or sold outQ4 25Q1 26: 58 bought or addedQ1 26: 13 cut or sold outQ2 26: 43 bought or addedQ2 26: 32 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 2024303
Q1 20253916
Q2 20254117
Q3 20255613
Q4 20255915
Q1 20265813
Q2 20264332

Biggest buyers

LPL Financial LLC Added +882,073+882.1k
Sanctuary Advisors, LLC Added +111,946+111.9k
Prospera Financial Services Inc Added +86,832+86.8k
GOLDMAN SACHS GROUP INC New +77,013+77.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +52,844+52.8k
Ameritas Advisory Services, LLC Added +48,253+48.3k
IHT Wealth Management, LLC New +44,580+44.6k
Bison Wealth, LLC Added +44,285+44.3k
IFG Advisory, LLC New +43,127+43.1k
Private Advisor Group, LLC Added +39,393+39.4k

Biggest sellers

Arete Wealth Advisors, LLC Sold out -148,548-148.5k
Orion Porfolio Solutions, LLC Sold out -93,990-94.0k
Atria Investments, Inc Reduced -48,969-49.0k
Strategic Blueprint, LLC Reduced -47,757-47.8k
Mariner, LLC Sold out -22,866-22.9k
HFG Wealth Management, LLC Reduced -20,792-20.8k
ENVESTNET ASSET MANAGEMENT INC Reduced -20,726-20.7k
Kestra Advisory Services, LLC Reduced -20,351-20.4k
Ethos Financial Group, LLC Sold out -13,549-13.5k
Balefire, LLC Reduced -12,897-12.9k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 3,863,4403.9m $99.8m $99.8m 0.02% Added +882.1k +882,073
2 Apollon Wealth Management, LLC 0.26% of their portfolio MOUNT PLEASANT, SC 841,405841.4k $21.7m $21.7m 0.26% Added +36.3k +36,333
3 HERITAGE OAK WEALTH ADVISORS LLC 5.51% of their portfolio SANTA ROSA BEACH, FL 715,635715.6k $18.6m $18.6m 5.51% Added +7.6k +7,604
4 Bison Wealth, LLC 1.70% of their portfolio ATLANTA, GA 709,283709.3k $18.4m $18.4m 1.70% Added +44.3k +44,285
5 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 486,835486.8k $12.6m $12.6m 0.04% Reduced -20.4k -20,351
6 Prospera Financial Services Inc 0.17% of their portfolio Dallas, TX 446,845446.8k $11.5m $11.5m 0.17% Added +86.8k +86,832
7 Delta Investment Management, LLC 1.14% of their portfolio SAN FRANCISCO, CA 267,264267.3k $6.9m $6.9m 1.14% Added +21.8k +21,750
8 CoreCap Advisors, LLC 0.18% of their portfolio SOUTHFIELD, MI 236,882236.9k $6.1m $6.1m 0.18% Reduced -416 -416
9 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 230,747230.7k $6.0m $6.0m 0.03% Added +111.9k +111,946
10 United Advisor Group, LLC 0.62% of their portfolio CINCINNATI, OH 226,741226.7k $5.9m $5.9m 0.62% Reduced -7.4k -7,394
11 Sigma Planning Corp 0.15% of their portfolio ANN ARBOR, MI 225,831225.8k $5.8m $5.8m 0.15% Added +17.5k +17,537
12 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 189,389189.4k $4.9m $4.9m 0.01% Reduced -8.7k -8,713
13 Aptus Capital Advisors, LLC 0.03% of their portfolio FAIRHOPE, AL 184,467184.5k $4.8m $4.8m 0.03% Added +6.7k +6,738
14 GUARDIAN WEALTH ADVISORS, LLC / NC 0.27% of their portfolio RALEIGH, NC 184,467184.5k $4.8m $4.8m 0.27% Added +6.7k +6,738
15 Atria Investments, Inc 0.04% of their portfolio Charlotte, NC 173,741173.7k $4.5m $4.5m 0.04% Reduced -49.0k -48,969
16 HFG Wealth Management, LLC 3.99% of their portfolio The Woodlands, TX 153,698153.7k $4.0m $4.0m 3.99% Reduced -20.8k -20,792
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 125,091125.1k $3.2m $3.2m 0.00% Reduced -20.7k -20,726
18 Cornerstone Wealth Management, LLC 0.13% of their portfolio ST. PETERS, MO 121,148121.1k $3.1m $3.1m 0.13% Added +3.8k +3,763
19 Triumph Capital Management 0.50% of their portfolio DENVER, CO 107,949107.9k $2.8m $2.8m 0.50% Added +2.3k +2,255
20 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 94,84494.8k $2.4m $2.4m 0.01% Added +10.6k +10,595
21 Wealthcare Advisory Partners LLC 0.04% of their portfolio WEST CHESTER, PA 87,02687.0k $2.2m $2.2m 0.04% Added +2.3k +2,269
22 MONEY CONCEPTS CAPITAL CORP 0.10% of their portfolio PALM BEACH GARDENS, FL 87,00287.0k $2.2m $2.2m 0.10% Reduced -2.7k -2,663
23 Advisory Services Network, LLC 0.02% of their portfolio ATLANTA, GA 82,97283.0k $2.1m $2.1m 0.02% Added +1.8k +1,829
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 77,01377.0k $2.0m $2.0m 0.00% New
25 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 72,98573.0k $1.9m $1.9m 0.02% Added +309 +309
26 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 67,58067.6k $1.7m $1.7m 0.03% Added +4.9k +4,865
27 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 65,55665.6k $1.7m $1.7m 0.01% Reduced -11.1k -11,085
28 Ameritas Advisory Services, LLC 0.03% of their portfolio Lincoln, NE 60,48060.5k $1.6m $1.6m 0.03% Added +48.3k +48,253
29 Intrepid Financial Planning Group LLC 0.52% of their portfolio CARMEL, IN 59,44659.4k $1.5m $1.5m 0.52% Reduced -711 -711
30 Ascension Capital Advisors, Inc. 0.42% of their portfolio Houston, TX 57,62957.6k $1.5m $1.5m 0.42% Added +1.3k +1,283
31 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 56,48156.5k $1.5m $1.5m 0.01% Added +39.4k +39,393
32 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 54,47054.5k $1.4m $1.4m 0.00% Added +20.4k +20,374
33 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 52,84452.8k $1.4m $1.4m 0.00% New
34 Arkadios Wealth Advisors 0.02% of their portfolio ATLANTA, GA 51,94551.9k $1.3m $1.3m 0.02% Added +20.2k +20,247
35 WCG Wealth Advisors LLC 0.03% of their portfolio LAS VEGAS, NV 49,00949.0k $1.3m $1.3m 0.03% Added +31.0k +30,984
36 IHT Wealth Management, LLC 0.02% of their portfolio Chicago, IL 44,58044.6k $1.2m $1.2m 0.02% New
37 Strategic Blueprint, LLC 0.06% of their portfolio ATLANTA, GA 43,97244.0k $1.1m $1.1m 0.06% Reduced -47.8k -47,757
38 IFG Advisory, LLC 0.04% of their portfolio ATLANTA, GA 43,12743.1k $1.1m $1.1m 0.04% New
39 CPR Investments Inc. 0.82% of their portfolio Rochester, MI 41,15541.2k $1.1m $1.1m 0.82% Reduced -868 -868
40 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 38,83838.8k $1.0m $1.0m 0.00% Added +4.7k +4,671
41 Joseph P. Lucia & Associates, LLC 0.27% of their portfolio Yorktown Heights, NY 34,13534.1k $886.5k $886.5k 0.27% Added +1.9k +1,895
42 Virtue Capital Management, LLC 0.11% of their portfolio BRENTWOOD, TN 31,85131.9k $822.4k $822.4k 0.11% Reduced -4.2k -4,168
43 TITLEIST ASSET MANAGEMENT, LLC 0.06% of their portfolio SAN ANTONIO, TX 31,80931.8k $821.3k $821.3k 0.06% Added +3.6k +3,640
44 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 30,90330.9k $797.9k $797.9k 0.00% Reduced -3.8k -3,838
45 Diversify Advisory Services, LLC 0.01% of their portfolio SANDY, UT 29,13729.1k $755.5k $755.5k 0.01% New
46 DIVERSIFY WEALTH MANAGEMENT, LLC 0.01% of their portfolio SANDY, UT 29,13729.1k $755.5k $755.5k 0.01% Added +47 +47
47 PRIVATE TRUST CO NA 0.06% of their portfolio CLEVELAND, OH 26,74526.7k $690.6k $690.6k 0.06% Added +1.4k +1,400
48 Onyx Bridge Wealth Group LLC 0.06% of their portfolio TARRYTOWN, NY 26,15026.1k $675.2k $675.2k 0.06% Reduced -2.4k -2,350
49 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 25,10525.1k $648.2k $648.2k 0.01% Added +4.6k +4,609
50 Balefire, LLC 0.10% of their portfolio DALLAS, TX 24,59924.6k $635.1k $635.1k 0.10% Reduced -12.9k -12,897
51 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 24,04724.0k $621.0k $621.0k 0.00% Added +233 +233
52 SWMG, LLC 0.13% of their portfolio FORT WORTH, TX 21,46821.5k $559.0k $559.0k 0.13% Reduced -4.5k -4,516
53 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio ORLANDO, FL 19,10219.1k $494.2k $494.2k 0.03% Added +5.7k +5,710
54 Rossby Financial, LCC 0.09% of their portfolio MELBOURNE, FL 18,60018.6k $480.3k $480.3k 0.09% Unchanged
55 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 16,85916.9k $435.3k $435.3k 0.00% Added +107 +107
56 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 15,28915.3k $394.8k $394.8k 0.00% New
57 Fulcrum Equity Management 0.32% of their portfolio PLANO, TX 15,20815.2k $392.7k $392.7k 0.32% Reduced -2.9k -2,923
58 Legacy Capital Wealth Partners, LLC 0.07% of their portfolio LITTLE ROCK, AR 14,93514.9k $385.6k $385.6k 0.07% Added +4.0k +3,958
59 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 12,80912.8k $330.7k $330.7k 0.01% Reduced -10.9k -10,948
60 GeoWealth Management, LLC 0.01% of their portfolio CHICAGO, IL 12,66612.7k $327.0k $327.0k 0.01% Reduced -7.7k -7,684
61 WORLD EQUITY GROUP, INC. 0.06% of their portfolio SCHAUMBURG, IL 10,92810.9k $282.3k $282.3k 0.06% Reduced -5.1k -5,089
62 KINGSWOOD WEALTH ADVISORS, LLC 0.01% of their portfolio SAN DIEGO, CA 10,38810.4k $268.2k $268.2k 0.01% Reduced -2.1k -2,149
63 Robertson Stephens Wealth Management, LLC 0.01% of their portfolio San Francisco, CA 8,9669.0k $232.1k $232.1k 0.01% New
64 Coastal Bridge Advisors, LLC 0.01% of their portfolio WESTPORT, CT 8,7508.8k $225.9k $225.9k 0.01% New
65 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 8,4008.4k $216.9k $216.9k 0.01% Unchanged
66 Fortis Capital Advisors, LLC 0.02% of their portfolio PRAIRIE VILLAGE, KS 8,4008.4k $216.9k $216.9k 0.02% Unchanged
67 Ausdal Financial Partners, Inc. 0.01% of their portfolio Davenport, IA 8,2058.2k $211.8k $211.8k 0.01% Reduced -1.6k -1,637
68 J.W. COLE ADVISORS, INC. 0.00% of their portfolio TAMPA, FL 7,7927.8k $201.2k $201.2k 0.00% New
69 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,9875.0k $128.8k $128.8k 0.00% Unchanged
70 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,7262.7k $70.4k $70.4k 0.00% New
71 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,3361.3k $34.5k $34.5k 0.00% Reduced -851 -851
72 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 249249 $6.5k $6.5k 0.00% Unchanged
73 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 213213 $5.5k $5.5k 0.00% Unchanged
74 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 66 $155 $155 0.00% Reduced -54 -54
75 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 55 $0 $0 0.00% Reduced -231 -231
76 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 11 $26 $26 0.00% Unchanged