Vault-13

MANAGER DIRECTED PORTFOLIOS VGSR

VERT GLB SUST RE · ETP · CUSIP 56170L695

75 institutional holders -6 vs Q1 2025
31,488,99231.5m shares reported held*
$329.4mreported value*
6 new 30 added 24 reduced 9 sold out net sold ≈ $12.8m (-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. Holder counts are more reliable. Implied quarter-end price ≈ $10.46.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q4 23: 53Q1 24: 55Q2 24: 61Q3 24: 64Q4 24: 79Q1 25: 81Q2 25: 7575Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 202353
Q1 202455
Q2 202461
Q3 202464
Q4 202479
Q1 202581
Q2 202575

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 24: 36 bought or addedQ1 24: 25 cut or sold outQ1 24Q2 24: 37 bought or addedQ2 24: 20 cut or sold outQ2 24Q3 24: 34 bought or addedQ3 24: 27 cut or sold outQ3 24Q4 24: 38 bought or addedQ4 24: 24 cut or sold outQ4 24Q1 25: 45 bought or addedQ1 25: 25 cut or sold outQ1 25Q2 25: 36 bought or addedQ2 25: 33 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243625
Q2 20243720
Q3 20243427
Q4 20243824
Q1 20254525
Q2 20253633

Biggest buyers

Focus Partners Wealth Added +1,188,475+1.2m
FMR LLC Added +947,172+947.2k
FLOW TRADERS U.S. LLC New +194,704+194.7k
OSAIC HOLDINGS, INC. Added +144,778+144.8k
SOA Wealth Advisors, LLC. Added +120,241+120.2k
Savant Capital, LLC Added +62,586+62.6k
First Pacific Financial Added +43,926+43.9k
BRIGHTON JONES LLC Added +36,382+36.4k
Modern Wealth Management, LLC New +35,410+35.4k
PFG Investments, LLC Added +30,743+30.7k

Biggest sellers

Abacus Wealth Partners, LLC Reduced -3,202,426-3.2m
WCG Wealth Advisors LLC Reduced -368,841-368.8k
Balanced Rock Investment Advisors LLC Reduced -88,934-88.9k
Prime Capital Investment Advisors, LLC Reduced -86,394-86.4k
JANE STREET GROUP, LLC Sold out -50,586-50.6k
HighTower Advisors, LLC Reduced -39,767-39.8k
GTS SECURITIES LLC Sold out -31,155-31.2k
Comprehensive Wealth Management, LLC Sold out -29,306-29.3k
Envestnet Portfolio Solutions, Inc. Reduced -28,470-28.5k
JPMORGAN CHASE & CO Sold out -25,000-25.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Abacus Wealth Partners, LLC 19.82% of their portfolio SANTA MONICA, CA 12,413,06312.4m $129.8m $129.8m 19.82% Reduced -3.2m -3,202,426
2 Focus Partners Wealth 0.08% of their portfolio ST LOUIS, MO 3,538,1283.5m $37.0m $37.0m 0.08% Added +1.2m +1,188,475
3 BRIGHTON JONES LLC 0.93% of their portfolio SEATTLE, WA 3,274,1483.3m $34.2m $34.2m 0.93% Added +36.4k +36,382
4 First Pacific Financial 2.09% of their portfolio VANCOUVER, WA 1,354,3191.4m $14.2m $14.2m 2.09% Added +43.9k +43,926
5 Forum Financial Management, LP 0.19% of their portfolio LOMBARD, IL 1,216,5501.2m $12.7m $12.7m 0.19% Added +17.0k +16,991
6 FMR LLC 0.00% of their portfolio BOSTON, MA 949,072949.1k $9.9m $9.9m 0.00% Added +947.2k +947,172
7 PFG Investments, LLC 0.44% of their portfolio WOODBURY, NY 716,314716.3k $7.5m $7.5m 0.44% Added +30.7k +30,743
8 MISSION WEALTH MANAGEMENT, LP 0.15% of their portfolio Santa Barbara, CA 656,733656.7k $6.9m $6.9m 0.15% Reduced -18.7k -18,721
9 Colorado Capital Management, Inc. 2.48% of their portfolio BOULDER, CO 552,677552.7k $5.8m $5.8m 2.48% Added +20.9k +20,912
10 SOA Wealth Advisors, LLC. 0.95% of their portfolio NEW YORK, NY 481,734481.7k $5.0m $5.0m 0.95% Added +120.2k +120,241
11 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 459,137459.1k $4.8m $4.8m 0.01% Reduced -39.8k -39,767
12 Willow Creek Wealth Management Inc. 0.42% of their portfolio Sebastopol, CA 450,265450.3k $4.7m $4.7m 0.42% Added +4.8k +4,790
13 North Berkeley Wealth Management, LLC 4.30% of their portfolio Berkeley, CA 448,170448.2k $4.7m $4.7m 4.30% Reduced -1.6k -1,615
14 WCG Wealth Advisors LLC 0.24% of their portfolio LAS VEGAS, NV 356,080356.1k $3.7m $3.7m 0.24% Reduced -368.8k -368,841
15 LongView Asset Management LLC 2.43% of their portfolio SANTA FE, NM 307,342307.3k $3.2m $3.2m 2.43% Added +18.0k +17,962
16 Koss-Olinger Consulting, LLC 0.24% of their portfolio GAINESVILLE, FL 281,644281.6k $2.9m $2.9m 0.24% Reduced -22.2k -22,157
17 Focus Partners Advisor Solutions, LLC 0.04% of their portfolio SAINT LOUIS, MO 260,878260.9k $2.7m $2.7m 0.04% Added +516 +516
18 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 248,110248.1k $2.6m $2.6m 0.00% Added +144.8k +144,778
19 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 243,154243.2k $2.5m $2.5m 0.01% Reduced -28.5k -28,470
20 RED LIGHTHOUSE INVESTMENT MANAGEMENT, LLC 0.95% of their portfolio HILLSDALE, NY 238,646238.6k $2.5m $2.5m 0.95% Reduced -1.6k -1,629
21 Balanced Rock Investment Advisors LLC 1.90% of their portfolio ROSLINDALE, MA 231,030231.0k $2.4m $2.4m 1.90% Reduced -88.9k -88,934
22 NATURAL INVESTMENTS, LLC 0.61% of their portfolio WINDSOR, CA 226,836226.8k $2.4m $2.4m 0.61% Reduced -5.3k -5,289
23 Savant Capital, LLC 0.02% of their portfolio ROCKFORD, IL 208,987209.0k $2.2m $2.2m 0.02% Added +62.6k +62,586
24 Meritas Wealth Management, LLC 1.14% of their portfolio SAN RAFAEL, CA 198,362198.4k $2.1m $2.1m 1.14% Added +1.4k +1,441
25 FLOW TRADERS U.S. LLC 0.08% of their portfolio NEW YORK, NY 194,704194.7k $2.0m $2.0m 0.08% New
26 Perigon Wealth Management, LLC 0.05% of their portfolio SAN FRANCISCO, CA 192,748192.7k $2.0m $2.0m 0.05% Reduced -8.7k -8,665
27 Prime Capital Investment Advisors, LLC 0.03% of their portfolio OVERLAND PARK, KS 185,937185.9k $1.9m $1.9m 0.03% Reduced -86.4k -86,394
28 Allodium Investment Consultants, LLC 1.20% of their portfolio MINNEAPOLIS, MN 180,790180.8k $1.9m $1.9m 1.20% Added +450 +450
29 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 155,612155.6k $1.6m $1.6m 0.00% Unchanged
30 Hemington Wealth Management 0.20% of their portfolio FALLS CHURCH, VA 130,938130.9k $1.4m $1.4m 0.20% Reduced -8 -8
31 Level Financial Advisors 0.32% of their portfolio EAST AMHERST, NY 98,58498.6k $1.0m $1.0m 0.32% Added +2.3k +2,270
32 Silver Oak Advisory Group, Inc. 0.39% of their portfolio PORTLAND, OR 77,51277.5k $810.0k $810.0k 0.39% Added +12.0k +11,976
33 Waypoint Wealth Partners Inc. 0.19% of their portfolio MILL VALLEY, CA 76,55776.6k $800.8k $800.8k 0.19% Added +4.7k +4,687
34 Index Fund Advisors, Inc. 0.04% of their portfolio IRVINE, CA 75,01375.0k $784.6k $784.6k 0.04% Added +1.2k +1,243
35 Betterment LLC 0.00% of their portfolio NEW YORK, NY 73,00673.0k $764.0k $764.0k 0.00% Reduced -15.7k -15,682
36 Modera Wealth Management, LLC 0.01% of their portfolio WESTWOOD, NJ 68,20368.2k $713.4k $713.4k 0.01% Added +325 +325
37 Pine Haven Investment Counsel, Inc 0.56% of their portfolio FAIRHAVEN, MA 68,10668.1k $712.4k $712.4k 0.56% Added +1.5k +1,475
38 Ariadne Wealth Management, LP 0.23% of their portfolio SANTA BARBARA, CA 45,54045.5k $475.9k $475.9k 0.23% Reduced -15.1k -15,125
39 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 40,60240.6k $425.0k $425.0k 0.00% Reduced -711 -711
40 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 40,54640.5k $424.1k $424.1k 0.00% Reduced -706 -706
41 NWAM LLC 0.02% of their portfolio MERCER ISLAND, WA 39,65239.7k $414.8k $414.8k 0.02% Reduced -2.4k -2,381
42 Aegis Wealth Management LLC 0.23% of their portfolio BETHESDA, MD 37,11137.1k $376.3k $376.3k 0.23% Unchanged
43 Modern Wealth Management, LLC 0.01% of their portfolio KANSAS CITY, MO 35,41035.4k $370.4k $370.4k 0.01% New
44 Private Wealth Management Group, LLC 0.12% of their portfolio PRINCETON, NJ 34,60834.6k $362.0k $362.0k 0.12% Reduced -878 -878
45 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 29,71529.7k $310.8k $310.8k 0.00% Added +764 +764
46 Apella Capital, LLC 0.01% of their portfolio WEST HARTFORD, CT 24,99025.0k $260.6k $260.6k 0.01% Added +5.7k +5,744
47 TRILLIUM ASSET MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 23,56623.6k $247.0k $247.0k 0.01% Unchanged
48 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 23,18723.2k $242.5k $242.5k 0.00% Reduced -18.1k -18,119
49 JDH Wealth Management, LLC 0.18% of their portfolio SANTA ROSA, CA 22,21122.2k $232.3k $232.3k 0.18% Unchanged
50 First Affirmative Financial Network 0.12% of their portfolio COLORADO SPRINGS, CO 22,14022.1k $231.6k $231.6k 0.12% Reduced -670 -670
51 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 21,14121.1k $221.1k $221.1k 0.00% Reduced -929 -929
52 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 20,24120.2k $211.7k $211.7k 0.01% Added +4.7k +4,748
53 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 19,81519.8k $207.3k $207.3k 0.00% Added +3.1k +3,109
54 BetterWealth, LLC 0.05% of their portfolio SAN JOSE, CA 16,90916.9k $176.9k $176.9k 0.05% Unchanged
55 Ethic Inc. 0.00% of their portfolio NEW YORK, NY 16,63916.6k $173.2k $173.2k 0.00% Reduced -2.1k -2,114
56 MORRIS FINANCIAL CONCEPTS, INC. 0.07% of their portfolio MOUNT PLEASANT, SC 16,59416.6k $173.6k $173.6k 0.07% Added +1.8k +1,845
57 Crestwood Advisors Group, LLC 0.00% of their portfolio BOSTON, MA 16,13316.1k $168.7k $168.7k 0.00% Reduced -475 -475
58 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 13,57713.6k $142.0k $142.0k 0.01% Added +121 +121
59 Parkworth Wealth Management, Inc. 0.08% of their portfolio LOS GATOS, CA 10,77210.8k $112.7k $112.7k 0.08% Added +1.7k +1,693
60 Greykasell Wealth Strategies, Inc. 0.04% of their portfolio DANVILLE, CA 7,1757.2k $75.1k $75.1k 0.04% Unchanged
61 Aspect Partners, LLC 0.04% of their portfolio FAIRFAX, VA 6,7946.8k $71.1k $71.1k 0.04% Unchanged
62 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,5743.6k $37.4k $37.4k 0.00% New
63 SJS Investment Consulting Inc. 0.00% of their portfolio SYLVANIA, OH 2,9232.9k $30.6k $30.6k 0.00% Unchanged
64 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,7781.8k $18.6k $18.6k 0.00% Unchanged
65 BRIDGE GENERATIONS WEALTH MANAGEMENT LLC 0.01% of their portfolio South Miami, FL 1,5541.6k $16.3k $16.3k 0.01% Unchanged
66 Financial Connections Group, Inc. 0.01% of their portfolio CORTE MADERA, CA 1,4021.4k $14.0k $14.0k 0.01% Added +14 +14
67 Bank of New Hampshire 0.00% of their portfolio LACONIA, NH 1,1551.2k $12.1k $12.1k 0.00% Unchanged
68 BELLEVUE ASSET MANAGEMENT, LLC 0.00% of their portfolio BELLEVUE, WA 869869 $9.1k $9.1k 0.00% Added +8 +8
69 COMERICA BANK 0.00% of their portfolio DALLAS, TX 494494 $5.2k $5.2k 0.00% New
70 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 475475 $5.0k $5.0k 0.00% New
71 Clarity Asset Management, Inc. 0.00% of their portfolio AMES, IA 283283 $3.0k $3.0k 0.00% New
72 Orion Capital Management LLC 0.00% of their portfolio CORONADO, CA 178178 $1.9k $1.9k 0.00% Unchanged
73 Clean Yield Group 0.00% of their portfolio NORWICH, VT 148148 $1.5k $1.5k 0.00% Unchanged
74 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 22 $20 $20 0.00% Unchanged
75 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged