Vault-13

MANAGED PORTFOLIO SERIES

TORTOISE NRAM PI · CUSIP 56167N720

95 institutional holders +2 vs Q2 2023
13,745,76813.7m shares reported held*
$336.1mreported value*
10 new 30 added 33 reduced 8 sold out net sold ≈ $7.7m (-315.0k 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 ≈ $24.45. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 88Q4 22: 98Q1 23: 97Q2 23: 93Q3 23: 9595Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202288
Q4 202298
Q1 202397
Q2 202393
Q3 202395

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 42 bought or addedQ4 22: 37 cut or sold outQ4 22Q1 23: 48 bought or addedQ1 23: 38 cut or sold outQ1 23Q2 23: 37 bought or addedQ2 23: 51 cut or sold outQ2 23Q3 23: 40 bought or addedQ3 23: 41 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20224237
Q1 20234838
Q2 20233751
Q3 20234041

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $581.2kQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $589.2kQ2 23 puts: $0Q2 23P/C 0.00Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —
Numbers
QuarterCallsPutsP/C
Q4 2022$0$0—
Q1 2023$581.2k$00.00
Q2 2023$589.2k$00.00
Q3 2023$0$0—

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +69,961+70.0k
TRAPHAGEN INVESTMENT ADVISORS LLC Added +65,246+65.2k
ARVEST TRUST CO N A Added +43,458+43.5k
LPL Financial LLC Added +34,192+34.2k
CAPTRUST FINANCIAL ADVISORS Added +32,830+32.8k
DFPG INVESTMENTS, LLC New +13,687+13.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +10,050+10.1k
Raymond James Financial Services Advisors, Inc. Added +9,753+9.8k
FirstPurpose Wealth LLC New +9,091+9.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +9,006+9.0k

Biggest sellers

Cerity Partners LLC Sold out -259,698-259.7k
Busey Bank Reduced -136,768-136.8k
MORGAN STANLEY Reduced -39,960-40.0k
FLOW TRADERS U.S. LLC Reduced -35,452-35.5k
CITADEL ADVISORS LLC Sold out -33,874-33.9k
United Asset Strategies, Inc. Sold out -28,317-28.3k
American Trust Sold out -15,152-15.2k
IFP Advisors, Inc Reduced -13,944-13.9k
FDx Advisors, Inc. Sold out -10,755-10.8k
Keudell/Morrison Wealth Management Reduced -10,729-10.7k

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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ARVEST TRUST CO N A 3.19% of their portfolio ROGERS, AR 1,997,5912.0m $48.8m $48.8m 3.19% Added +43.5k +43,458
2 TRAPHAGEN INVESTMENT ADVISORS LLC 4.43% of their portfolio ORADELL, NJ 1,427,8731.4m $34.9m $34.9m 4.43% Added +65.2k +65,246
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,216,1661.2m $29.7m $29.7m 0.00% Added +70.0k +69,961
4 Magnus Financial Group LLC 2.75% of their portfolio NEW YORK, NY 770,587770.6k $18.8m $18.8m 2.75% Added +33 +33
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 731,011731.0k $17.9m $17.9m 0.00% Reduced -40.0k -39,960
6 FOSTER & MOTLEY INC 1.39% of their portfolio CINCINNATI, OH 694,518694.5k $17.0m $17.0m 1.39% Added +36 +36
7 Busey Bank 0.68% of their portfolio URBANA, IL 647,978648.0k $15.8m $15.8m 0.68% Reduced -136.8k -136,768
8 ATWOOD & PALMER INC 1.30% of their portfolio KANSAS CITY, MO 606,023606.0k $14.8m $14.8m 1.30% Added +1.7k +1,665
9 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 596,830596.8k $14.6m $14.6m 0.03% Added +9.8k +9,753
10 CWM, LLC 0.06% of their portfolio OMAHA, NE 401,889401.9k $9.8m $9.8m 0.06% Added +2.7k +2,730
11 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 300,908300.9k $7.4m $7.4m 0.02% Added +1.4k +1,420
12 Keudell/Morrison Wealth Management 2.15% of their portfolio Salem, OR 288,045288.0k $7.0m $7.0m 2.15% Reduced -10.7k -10,729
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 272,631272.6k $6.7m $6.7m 0.00% Reduced -1.9k -1,947
14 Triangle Securities Wealth Management 2.29% of their portfolio RALEIGH, NC 263,653263.7k $6.4m $6.4m 2.29% Added +2.4k +2,386
15 Oxbow Advisors, LLC 0.99% of their portfolio Austin, TX 258,405258.4k $6.3m $6.3m 0.99% Reduced -1.4k -1,446
16 Edmonds Duncan Registered Investment Advisors, LLC 1.62% of their portfolio LAWRENCE, KS 236,085236.1k $5.8m $5.8m 1.62% Added +1.1k +1,141
17 Mariner, LLC 0.01% of their portfolio Overland Park, KS 213,456213.5k $5.2m $5.2m 0.01% Added +18 +18
18 REGIONS FINANCIAL CORP 0.04% of their portfolio BIRMINGHAM, AL 202,671202.7k $5.0m $5.0m 0.04% Added +5.0k +5,040
19 Icon Wealth Partners, LLC 0.46% of their portfolio HOUSTON, TX 164,633164.6k $4.0m $4.0m 0.46% Reduced -9.6k -9,605
20 FAS Wealth Partners, Inc. 0.42% of their portfolio LEAWOOD, KS 160,463160.5k $3.9m $3.9m 0.42% Reduced -9.1k -9,144
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 136,005136.0k $3.3m $3.3m 0.00% Reduced -7.5k -7,534
22 Smith & Howard Wealth Management, LLC 1.08% of their portfolio ATLANTA, GA 124,930124.9k $3.1m $3.1m 1.08% Added +5.6k +5,633
23 COUNTRY CLUB BANK 0.25% of their portfolio KANSAS CITY, MO 123,923123.9k $3.1m $3.1m 0.25% Reduced -4.4k -4,422
24 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 123,842123.8k $3.0m $3.0m 0.00% Added +34.2k +34,192
25 HBK Sorce Advisory LLC 0.13% of their portfolio ERIE, PA 120,346120.3k $2.9m $2.9m 0.13% Reduced -2.8k -2,786
26 Quad-Cities Investment Group, LLC 1.87% of their portfolio DAVENPORT, IA 114,075114.1k $2.8m $2.8m 1.87% Reduced -6.2k -6,195
27 XML Financial, LLC 0.32% of their portfolio BETHESDA, MD 108,929108.9k $2.7m $2.7m 0.32% Reduced -2.8k -2,802
28 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 95,96896.0k $2.3m $2.3m 0.00% Added +1.7k +1,714
29 Financial Partners Group, Inc 0.47% of their portfolio Overland Park, KS 92,62792.6k $2.3m $2.3m 0.47% Added +5.7k +5,712
30 Transamerica Financial Advisors, LLC 0.26% of their portfolio CEDAR RAPIDS, IA 77,46877.5k $1.9m $1.9m 0.26% Added +4.9k +4,922
31 WealthCare Investment Partners, LLC 1.09% of their portfolio PORTSMOUTH, RI 75,01275.0k $1.8m $1.8m 1.09% Added +576 +576
32 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 72,63972.6k $1.8m $1.8m 0.00% Reduced -7.7k -7,653
33 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 66,84266.8k $1.6m $1.6m 0.01% Reduced -3.2k -3,243
34 LexAurum Advisors, LLC 0.47% of their portfolio OVERLAND PARK, KS 65,65165.7k $1.6m $1.6m 0.47% Reduced -16 -16
35 Bollard Group LLC 0.06% of their portfolio BOSTON, MA 63,91363.9k $1.6m $1.6m 0.06% Added +772 +772
36 Financial Enhancement Group LLC 0.26% of their portfolio ANDERSON, IN 52,75552.8k $1.3m $1.3m 0.26% Added +758 +758
37 AlphaCore Capital LLC 0.20% of their portfolio LA JOLLA, CA 52,40052.4k $1.3m $1.3m 0.20% Unchanged
38 Global Retirement Partners, LLC 0.06% of their portfolio San Rafael, CA 49,65849.7k $1.2m $1.2m 0.06% Reduced -1.5k -1,508
39 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 49,22349.2k $1.2m $1.2m 0.00% Reduced -1.6k -1,581
40 Geneos Wealth Management Inc. 0.06% of their portfolio ENGLEWOOD, CO 47,05747.1k $1.2m $1.2m 0.06% Reduced -584 -584
41 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 44,57544.6k $1.1m $1.1m 0.00% Reduced -3.0k -2,959
42 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 41,22241.2k $1.0m $1.0m 0.00% Added +32.8k +32,830
43 Sandy Spring Bank 0.05% of their portfolio Olney, MD 37,57637.6k $918.7k $918.7k 0.05% Added +1.2k +1,155
44 Summit Wealth Partners, LLC 0.23% of their portfolio Orlando, FL 37,53237.5k $917.7k $917.7k 0.23% Reduced -21 -21
45 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 33,14833.1k $810.5k $810.5k 0.00% Added +9.0k +9,006
46 Capital Advisors, Ltd. LLC 0.11% of their portfolio SHAKER HEIGHTS, OH 29,83529.8k $729.0k $729.0k 0.11% Unchanged
47 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 26,64426.6k $651.0k $651.0k 0.00% Reduced -1.4k -1,379
48 WESBANCO BANK INC 0.03% of their portfolio WHEELING, WV 26,04026.0k $636.7k $636.7k 0.03% Reduced -1.0k -1,000
49 Stokes Capital Advisors, LLC 0.19% of their portfolio GREENWOOD, SC 22,44122.4k $548.7k $548.7k 0.19% Added +219 +219
50 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 21,13321.1k $516.7k $516.7k 0.00% Unchanged
51 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 19,54419.5k $477.9k $477.9k 0.00% Reduced -1.7k -1,701
52 IFP Advisors, Inc 0.02% of their portfolio TAMPA, FL 19,37819.4k $473.8k $473.8k 0.02% Reduced -13.9k -13,944
53 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 18,70018.7k $457.2k $457.2k 0.01% Unchanged
54 WealthTrust Axiom LLC 0.15% of their portfolio WAYNE, PA 16,52316.5k $404.0k $404.0k 0.15% Unchanged
55 HOWARD FINANCIAL SERVICES, LTD. 0.09% of their portfolio DALLAS, TX 15,68215.7k $383.4k $383.4k 0.09% Reduced -160 -160
56 DFPG INVESTMENTS, LLC 0.03% of their portfolio SANDY, UT 13,68713.7k $338.4k $338.4k 0.03% New
57 Leading Edge Financial Planning LLC 0.20% of their portfolio KNOXVILLE, TN 12,89912.9k $315.4k $315.4k 0.20% Added +1 +1
58 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 12,59412.6k $307.9k $307.9k 0.00% Added +707 +707
59 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 12,17212.2k $297.6k $297.6k 0.00% Reduced -5.7k -5,679
60 Freedom Investment Management, Inc. 0.03% of their portfolio SOUTH WINDSOR, CT 10,39710.4k $254.2k $254.2k 0.03% Reduced -1.7k -1,678
61 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,05010.1k $245.7k $245.7k 0.00% New
62 Private Portfolio Partners LLC 0.06% of their portfolio PARAMUS, NJ 9,7099.7k $237.4k $237.4k 0.06% Reduced -114 -114
63 FirstPurpose Wealth LLC 0.10% of their portfolio OREM, UT 9,0919.1k $222.3k $222.3k 0.10% New
64 Strategies Wealth Advisors, LLC 0.04% of their portfolio GRAND RAPIDS, MI 8,6908.7k $212.5k $212.5k 0.04% Added +105 +105
65 WBI INVESTMENTS, LLC 0.04% of their portfolio RED BANK, NJ 8,3288.3k $203.6k $203.6k 0.04% New
66 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 8,3228.3k $203.5k $203.5k 0.00% Unchanged
67 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 8,3018.3k $203.0k $203.0k 0.01% Reduced -35.5k -35,452
68 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 6,5756.6k $160.8k $160.8k 0.00% Unchanged
69 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 5,9706.0k $146.0k $146.0k 0.00% Unchanged
70 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 4,4584.5k $109.0k $109.0k 0.00% Reduced -321 -321
71 EVERMAY WEALTH MANAGEMENT LLC 0.02% of their portfolio ARLINGTON, VA 4,3304.3k $105.9k $105.9k 0.02% Unchanged
72 Blume Capital Management, Inc. 0.03% of their portfolio BERKELEY, CA 3,9443.9k $96.4k $96.4k 0.03% Unchanged
73 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,8623.9k $94.4k $94.4k 0.00% Unchanged
74 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,6263.6k $88.7k $88.7k 0.00% New
75 VALLEY NATIONAL ADVISERS INC 0.01% of their portfolio BETHLEHEM, PA 2,5052.5k $61.0k $61.0k 0.01% Unchanged
76 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,4462.4k $59.8k $59.8k 0.00% Reduced -388 -388
77 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2,3262.3k $56.9k $56.9k 0.00% Unchanged
78 Koesten, Hirschmann & Crabtree, INC. 0.04% of their portfolio OVERLAND PARK, KS 1,9101.9k $46.7k $46.7k 0.04% Reduced -1.5k -1,515
79 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 931931 $22.8k $22.8k 0.00% Added +391 +391
80 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 630630 $15.4k $15.4k 0.00% Unchanged
81 CENTRAL TRUST Co 0.00% of their portfolio JEFFERSON CITY, MO 600600 $14.7k $14.7k 0.00% Unchanged
82 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 500500 $12.2k $12.2k 0.00% Unchanged
83 Salomon & Ludwin, LLC 0.00% of their portfolio RICHMOND, VA 500500 $12.2k $12.2k 0.00% New
84 Concord Wealth Partners 0.00% of their portfolio ABINGDON, VA 421421 $10.3k $10.3k 0.00% Unchanged
85 COMERICA BANK 0.00% of their portfolio DALLAS, TX 304304 $7.4k $7.4k 0.00% New
86 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 286286 $7.0k $7.0k 0.00% New
87 BENJAMIN F. EDWARDS & COMPANY, INC. 0.00% of their portfolio ST. LOUIS, MO 281281 $7.0k $7.0k 0.00% Unchanged
88 Westside Investment Management, Inc. 0.00% of their portfolio SANTA MONICA, CA 279279 $6.8k $6.8k 0.00% Unchanged
89 FMR LLC 0.00% of their portfolio BOSTON, MA 198198 $4.8k $4.8k 0.00% Reduced -8 -8
90 First Horizon Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 137137 $3.3k $3.3k 0.00% Unchanged
91 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 125125 $3.1k $3.1k 0.00% Added +45 +45
92 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 120120 $2.9k $2.9k 0.00% New
93 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 7575 $1.8k $1.8k 0.00% Unchanged
94 First Command Advisory Services, Inc. 0.00% of their portfolio FORT WORTH, TX 3737 $905 $905 0.00% New
95 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged