Vault-13

NORTHERN LTS FD TR IV SECT

MAIN SECTR ROTN · ETP · CUSIP 66538H591

110 institutional holders +7 vs Q2 2025
35,919,58935.9m shares reported held*
$2.3bnreported value*
14 new 39 added 43 reduced 7 sold out net bought ≈ $43.7m (+692.8k 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 ($8.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $63.02.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 44Q4 22: 48Q1 23: 53Q2 23: 63Q3 23: 67Q4 23: 69Q1 24: 74Q2 24: 87Q3 24: 87Q4 24: 97Q1 25: 97Q2 25: 103Q3 25: 110110Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202244
Q4 202248
Q1 202353
Q2 202363
Q3 202367
Q4 202369
Q1 202474
Q2 202487
Q3 202487
Q4 202497
Q1 202597
Q2 2025103
Q3 2025110

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 46 bought or addedQ4 23: 27 cut or sold outQ1 24: 43 bought or addedQ1 24: 29 cut or sold outQ1 24Q2 24: 54 bought or addedQ2 24: 23 cut or sold outQ3 24: 45 bought or addedQ3 24: 36 cut or sold outQ3 24Q4 24: 53 bought or addedQ4 24: 37 cut or sold outQ1 25: 40 bought or addedQ1 25: 51 cut or sold outQ1 25Q2 25: 40 bought or addedQ2 25: 53 cut or sold outQ3 25: 53 bought or addedQ3 25: 50 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20234627
Q1 20244329
Q2 20245423
Q3 20244536
Q4 20245337
Q1 20254051
Q2 20254053
Q3 20255350

Biggest buyers

LPL Financial LLC Added +770,520+770.5k
Cetera Investment Advisers Added +203,526+203.5k
Gibbs Wealth Management Added +155,306+155.3k
ENVESTNET ASSET MANAGEMENT INC Added +154,831+154.8k
Ausdal Financial Partners, Inc. New +127,168+127.2k
CreativeOne Wealth, LLC Added +91,565+91.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +60,343+60.3k
Virtu Financial LLC New +25,327+25.3k
INTEGRITY ALLIANCE, LLC. Added +17,785+17.8k
COLDSTREAM CAPITAL MANAGEMENT INC Added +17,136+17.1k

Biggest sellers

WealthPLAN Partners, LLC Sold out -320,140-320.1k
OSAIC HOLDINGS, INC. Reduced -167,009-167.0k
Orion Porfolio Solutions, LLC Reduced -116,593-116.6k
Envestnet Portfolio Solutions, Inc. Reduced -104,168-104.2k
Integrated Wealth Concepts LLC Reduced -70,955-71.0k
Freedom Investment Management, Inc. Sold out -48,478-48.5k
GWN SECURITIES INC. Reduced -43,712-43.7k
Discipline Wealth Solutions, LLC Reduced -29,570-29.6k
Encompass More Asset Management Reduced -21,633-21.6k
OLD MISSION CAPITAL LLC Sold out -17,575-17.6k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Orion Porfolio Solutions, LLC 8.51% of their portfolio OMAHA, NE 17,417,33217.4m $1.1bn $1.1bn 8.51% Reduced -116.6k -116,593
2 OSAIC HOLDINGS, INC. 0.57% of their portfolio SCOTTSDALE, AZ 6,499,3576.5m $409.4m $409.4m 0.57% Reduced -167.0k -167,009
3 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 3,728,8763.7m $235.0m $235.0m 0.07% Added +770.5k +770,520
4 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,249,6941.2m $78.8m $78.8m 0.02% Added +154.8k +154,831
5 POTOMAC FUND MANAGEMENT INC /ADV 2.13% of their portfolio BETHESDA, MD 797,099797.1k $50.2m $50.2m 2.13% Reduced -7.5k -7,536
6 CreativeOne Wealth, LLC 1.02% of their portfolio OVERLAND PARK, KS 661,552661.6k $41.7m $41.7m 1.02% Added +91.6k +91,565
7 Integrated Wealth Concepts LLC 0.33% of their portfolio WALTHAM, MA 584,628584.6k $36.8m $36.8m 0.33% Reduced -71.0k -70,955
8 GeoWealth Management, LLC 1.22% of their portfolio CHICAGO, IL 528,778528.8k $33.3m $33.3m 1.22% Added +16.1k +16,116
9 Madrona Financial Services, LLC 5.97% of their portfolio EVERETT, WA 429,238429.2k $27.1m $27.1m 5.97% Added +4.2k +4,156
10 Main Management LLC 1.81% of their portfolio SAN FRANCISCO, CA 391,167391.2k $24.7m $24.7m 1.81% Added +3.7k +3,673
11 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 361,349361.3k $22.8m $22.8m 0.03% Added +203.5k +203,526
12 Copley Financial Group, Inc. 12.74% of their portfolio SAN DIEGO, CA 295,463295.5k $18.6m $18.6m 12.74% Reduced -6.2k -6,166
13 Mutual Advisors, LLC 0.32% of their portfolio OMAHA, NE 224,997225.0k $14.3m $14.3m 0.32% Reduced -5.0k -5,003
14 INTEGRITY ALLIANCE, LLC. 0.60% of their portfolio Urbandale, IA 201,801201.8k $12.7m $12.7m 0.60% Added +17.8k +17,785
15 Encompass More Asset Management 2.45% of their portfolio Danville, CA 201,597201.6k $12.7m $12.7m 2.45% Reduced -21.6k -21,633
16 Gibbs Wealth Management 2.62% of their portfolio Alpharetta, GA 183,777183.8k $11.6m $11.6m 2.62% Added +155.3k +155,306
17 Atria Investments, Inc 0.11% of their portfolio Charlotte, NC 151,963152.0k $9.6m $9.6m 0.11% Reduced -13.8k -13,780
18 Silver Grove Financial Group, Inc. 8.25% of their portfolio ORCHARD PARK, NY 137,910137.9k $8.7m $8.7m 8.25% First filing
19 Ausdal Financial Partners, Inc. 0.39% of their portfolio Davenport, IA 127,168127.2k $8.0m $8.0m 0.39% New
20 Spire Wealth Management 0.25% of their portfolio MCLEAN, VA 115,212115.2k $7.3m $7.3m 0.25% Reduced -12.6k -12,639
21 Sigma Planning Corp 0.21% of their portfolio ANN ARBOR, MI 115,181115.2k $7.3m $7.3m 0.21% Added +3.9k +3,915
22 Defined Financial Planning LLC 5.43% of their portfolio SAN RAFAEL, CA 102,705102.7k $6.5m $6.5m 5.43% Reduced -13.6k -13,568
23 CWM, LLC 0.02% of their portfolio OMAHA, NE 92,15192.2k $5.8m $5.8m 0.02% Reduced -10.8k -10,847
24 Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio BERWYN, PA 88,45688.5k $5.6m $5.6m 0.02% Reduced -104.2k -104,168
25 Geneos Wealth Management Inc. 0.14% of their portfolio ENGLEWOOD, CO 87,92187.9k $5.5m $5.5m 0.14% Reduced -888 -888
26 Echo45 Advisors LLC 2.57% of their portfolio WALNUT CREEK, CA 69,52469.5k $4.4m $4.4m 2.57% Reduced -466 -466
27 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 67,11067.1k $4.2m $4.2m 0.01% Added +2.6k +2,635
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 64,60664.6k $4.1m $4.1m 0.01% Added +60.3k +60,343
29 Tactive Advisors, LLC 0.82% of their portfolio Jacksonville, FL 46,25946.3k $2.9m $2.9m 0.82% Reduced -2.3k -2,307
30 BRASS TAX WEALTH MANAGEMENT, INC 0.48% of their portfolio CINCINNATI, OH 46,18046.2k $2.9m $2.9m 0.48% Added +3.8k +3,774
31 Advantage Trust Co 1.29% of their portfolio SALINA, KS 45,32745.3k $2.9m $2.9m 1.29% Added +5.7k +5,741
32 Synergy Investment Management, LLC 1.01% of their portfolio ALTAMONTE SPRINGS, FL 42,07242.1k $2.7m $2.7m 1.01% Reduced -2.1k -2,066
33 WORLD EQUITY GROUP, INC. 0.59% of their portfolio SCHAUMBURG, IL 40,95741.0k $2.6m $2.6m 0.59% Added +2.6k +2,632
34 Lunt Capital Management, Inc. 0.98% of their portfolio HOLLADAY, UT 40,84940.8k $2.6m $2.6m 0.98% Reduced -1.1k -1,146
35 CFC Planning Co LLC 2.10% of their portfolio CICERO, IN 39,73039.7k $2.5m $2.5m 2.10% Added +241 +241
36 GWN SECURITIES INC. 0.56% of their portfolio Palm Beach Gardens, FL 38,39438.4k $2.4m $2.4m 0.56% Reduced -43.7k -43,712
37 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 37,16137.2k $2.3m $2.3m 0.00% Added +5.2k +5,197
38 Fiduciary Alliance LLC 0.15% of their portfolio GREENVILLE, SC 36,57136.6k $2.3m $2.3m 0.15% Added +52 +52
39 Balefire, LLC 0.42% of their portfolio DALLAS, TX 33,69733.7k $2.1m $2.1m 0.42% Added +12.9k +12,888
40 BAM Wealth Management, LLC 1.27% of their portfolio LAKEWOOD, CO 26,05626.1k $1.6m $1.6m 1.27% First filing
41 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 25,66525.7k $1.5m $1.5m 0.00% Added +12.8k +12,843
42 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 25,64125.6k $1.6m $1.6m 0.00% Reduced -211 -211
43 Virtu Financial LLC 0.09% of their portfolio New York, NY 25,32725.3k $1.6m $1.6m 0.09% New
44 Bravias Capital Group, LLC 1.05% of their portfolio ISELIN, NJ 24,94824.9k $1.6m $1.6m 1.05% Reduced -3.8k -3,783
45 Simplicity Wealth,LLC 0.09% of their portfolio SUMMIT, NJ 24,32924.3k $1.5m $1.5m 0.09% Added +16.7k +16,731
46 FLORIDA FINANCIAL ADVISORS, LLC 0.47% of their portfolio TAMPA, FL 24,11724.1k $1.5m $1.5m 0.47% Reduced -7.1k -7,110
47 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 22,36722.4k $1.4m $1.4m 0.02% Added +11.4k +11,406
48 COLDSTREAM CAPITAL MANAGEMENT INC 0.02% of their portfolio BELLEVUE, WA 20,97621.0k $1.3m $1.3m 0.02% Added +17.1k +17,136
49 Independent Wealth Network Inc. 0.42% of their portfolio URBANDALE, IA 20,87720.9k $1.3m $1.3m 0.42% Added +564 +564
50 Koshinski Asset Management, Inc. 0.08% of their portfolio DECATUR, IL 20,03720.0k $1.3m $1.3m 0.08% Reduced -57 -57
51 Tripletail Wealth Management, LLC 1.40% of their portfolio ORLANDO, FL 18,51018.5k $1.2m $1.2m 1.40% Unchanged
52 PFG Investments, LLC 0.04% of their portfolio WOODBURY, NY 13,72013.7k $864.6k $864.6k 0.04% Added +258 +258
53 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 13,28513.3k $837.0k $837.0k 0.00% Reduced -95 -95
54 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 12,94312.9k $815.7k $815.7k 0.00% Reduced -1.4k -1,422
55 TCP Asset Management, LLC 0.14% of their portfolio Upper Arlington, OH 12,26612.3k $773.0k $773.0k 0.14% Unchanged
56 SILVER OAK SECURITIES, INCORPORATED 0.05% of their portfolio JACKSON, TN 11,43111.4k $720.4k $720.4k 0.05% Reduced -13.7k -13,700
57 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 11,14111.1k $702.1k $702.1k 0.00% Added +5.6k +5,589
58 Bison Wealth, LLC 0.06% of their portfolio ATLANTA, GA 10,86710.9k $700.9k $700.9k 0.06% Added +209 +209
59 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 10,83910.8k $683.1k $683.1k 0.01% Reduced -85 -85
60 Triad Wealth Partners, LLC 0.09% of their portfolio LAWRENCE, KS 10,65210.7k $671.3k $671.3k 0.09% Reduced -15.8k -15,808
61 Coppell Advisory Solutions LLC 0.07% of their portfolio COPPELL, TX 10,52310.5k $660.7k $660.7k 0.07% Reduced -10.5k -10,523
62 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 10,42710.4k $657.1k $657.1k 0.00% Unchanged
63 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 10,33310.3k $651.0k $651.0k 0.03% New
64 Brookwood Investment Group LLC 0.08% of their portfolio PHOENIX, AZ 10,11310.1k $637.3k $637.3k 0.08% Added +10 +10
65 Keystone Financial Group 0.05% of their portfolio LEXINGTON, KY 9,9449.9k $626.7k $626.7k 0.05% New
66 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 9,7739.8k $615.9k $615.9k 0.00% Reduced -1.7k -1,699
67 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 9,6009.6k $605.0k $605.0k 0.01% Added +1.6k +1,552
68 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 8,6888.7k $547.5k $547.5k 0.01% Added +92 +92
69 SIGNATUREFD, LLC 0.01% of their portfolio ATLANTA, GA 8,4378.4k $531.7k $531.7k 0.01% Reduced -74 -74
70 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 7,4837.5k $471.6k $471.6k 0.01% Reduced -978 -978
71 Signal Advisors Wealth, LLC 0.04% of their portfolio DETROIT, MI 7,4357.4k $468.6k $468.6k 0.04% Added +3.6k +3,558
72 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,9647.0k $438.9k $438.9k 0.00% Added +6.8k +6,783
73 Meeder Advisory Services, Inc. 0.02% of their portfolio DUBLIN, OH 6,4226.4k $404.7k $404.7k 0.02% Reduced -498 -498
74 Savvy Advisors, Inc. 0.02% of their portfolio NEW YORK, NY 6,2406.2k $393.2k $393.2k 0.02% New
75 Diversify Advisory Services, LLC 0.01% of their portfolio SANDY, UT 6,2066.2k $400.3k $400.3k 0.01% Reduced -250 -250
76 Sovran Advisors, LLC 0.03% of their portfolio SAN DIEGO, CA 6,1396.1k $393.9k $393.9k 0.03% Unchanged
77 Western Wealth Management, LLC 0.02% of their portfolio GOLDEN, CO 6,0326.0k $380.2k $380.2k 0.02% New
78 Ethos Financial Group, LLC 0.03% of their portfolio KING OF PRUSSIA, PA 6,0266.0k $379.8k $379.8k 0.03% Added +10 +10
79 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 5,8445.8k $368.3k $368.3k 0.00% Unchanged
80 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 5,5855.6k $352.0k $352.0k 0.00% Reduced -2.5k -2,507
81 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,5035.5k $346.8k $346.8k 0.00% Reduced -2.3k -2,332
82 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 5,4465.4k $343.2k $343.2k 0.00% Added +4.9k +4,929
83 Buck Wealth Strategies, LLC 0.05% of their portfolio DENVER, CO 5,4465.4k $343.2k $343.2k 0.05% Added +9 +9
84 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 4,8554.9k $306.0k $306.0k 0.01% Unchanged
85 Virtue Capital Management, LLC 0.06% of their portfolio BRENTWOOD, TN 4,5434.5k $374.2k $374.2k 0.06% New
86 Anchor Investment Management, LLC 0.02% of their portfolio COLUMBIA, SC 4,2574.3k $268.3k $268.3k 0.02% Unchanged
87 Barnes Dennig Private Wealth Management LLC 0.27% of their portfolio CINCINNATI, OH 4,0414.0k $254.7k $254.7k 0.27% Unchanged
88 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 3,9493.9k $248.9k $248.9k 0.00% Unchanged
89 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 3,7833.8k $238.4k $238.4k 0.01% Added +6 +6
90 Mach-1 Financial Group, LLC 0.04% of their portfolio Rogers, AR 3,7643.8k $237.2k $237.2k 0.04% New
91 Integrity Advisory Solutions, LLC 0.04% of their portfolio DALLAS, TX 3,7643.8k $237.2k $237.2k 0.04% First filing
92 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 3,4793.5k $219.3k $219.3k 0.00% New
93 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 3,3063.3k $208.3k $208.3k 0.00% Added +5 +5
94 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,3013.3k $208.0k $208.0k 0.00% Reduced -917 -917
95 Waterfront Wealth Inc. 0.04% of their portfolio OVERLAND PARK, KS 3,3003.3k $208.3k $208.3k 0.04% New
96 Discipline Wealth Solutions, LLC 0.05% of their portfolio GREENVILLE, SC 3,2753.3k $206.4k $206.4k 0.05% Reduced -29.6k -29,570
97 EverSource Wealth Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 3,1973.2k $201.5k $201.5k 0.01% Reduced -5 -5
98 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,8912.9k $182.2k $182.2k 0.00% New
99 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 2,8072.8k $176.9k $176.9k 0.00% Added +1.1k +1,100
100 Nemes Rush Group LLC 0.02% of their portfolio NOVI, MI 2,6332.6k $165.9k $165.9k 0.02% Unchanged