Vault-13

MANAGER DIRECTED PORTFOLIOS TOAK

TWIN OAK SHORT · ETP · CUSIP 56170L661

6 institutional holders +2 vs Q1 2026
1,651,2791.7m shares reported held*
$47.6mreported value*
2 new 3 added 1 reduced 0 sold out net bought ≈ $12.8m (+445.6k 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 ≈ $28.84.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0246Q3 24: 1Q4 24: 4Q1 25: 3Q2 25: 4Q3 25: 3Q4 25: 3Q1 26: 4Q2 26: 66Q3 24Q1 25Q3 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 20241
Q4 20244
Q1 20253
Q2 20254
Q3 20253
Q4 20253
Q1 20264
Q2 20266

Buyers vs sellers

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

Bought or addedCut or sold out
505Q4 24: 3 bought or addedQ4 24: 0 cut or sold outQ4 24Q1 25: 2 bought or addedQ1 25: 2 cut or sold outQ2 25: 2 bought or addedQ2 25: 1 cut or sold outQ2 25Q3 25: 3 bought or addedQ3 25: 1 cut or sold outQ4 25: 3 bought or addedQ4 25: 1 cut or sold outQ4 25Q1 26: 3 bought or addedQ1 26: 1 cut or sold outQ2 26: 5 bought or addedQ2 26: 1 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 202430
Q1 202522
Q2 202521
Q3 202531
Q4 202531
Q1 202631
Q2 202651

Biggest buyers

EXCHANGE TRADED CONCEPTS, LLC Added +415,000+415.0k
OLD MISSION CAPITAL LLC Added +17,956+18.0k
WEST MICHIGAN ADVISORS, LLC New +10,442+10.4k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +8,770+8.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +8,176+8.2k

Biggest sellers

Retirement Planning Co of New England, Inc. Reduced -14,785-14.8k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 EXCHANGE TRADED CONCEPTS, LLC 0.20% of their portfolio Oklahoma City, OK 1,435,0001.4m $41.4m $41.4m 0.20% Added +415.0k +415,000
2 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 85,43485.4k $2.5m $2.5m 0.00% Added +8.8k +8,770
3 Retirement Planning Co of New England, Inc. 0.73% of their portfolio Warwick, RI 70,36170.4k $2.0m $2.0m 0.73% Reduced -14.8k -14,785
4 OLD MISSION CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 41,86641.9k $1.2m $1.2m 0.03% Added +18.0k +17,956
5 WEST MICHIGAN ADVISORS, LLC 0.06% of their portfolio HOLLAND, MI 10,44210.4k $301.1k $301.1k 0.06% New
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 8,1768.2k $235.8k $235.8k 0.00% New