Vault-13

NORTHERN LTS FD TR IV SECT

MAIN SECTR ROTN · ETP · CUSIP 66538H591

111 institutional holders +1 vs Q3 2025
36,946,25736.9m shares reported held*
$2.4bnreported value*
8 new 46 added 38 reduced 8 sold out net bought ≈ $69.9m (+1.1m 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 ($5.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $64.53.

Trends to Q4 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: 110Q4 25: 111111Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025111

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 43 bought or addedQ1 24: 29 cut or sold outQ2 24: 54 bought or addedQ2 24: 23 cut or sold outQ2 24Q3 24: 45 bought or addedQ3 24: 36 cut or sold outQ4 24: 53 bought or addedQ4 24: 37 cut or sold outQ4 24Q1 25: 40 bought or addedQ1 25: 51 cut or sold outQ2 25: 40 bought or addedQ2 25: 53 cut or sold outQ2 25Q3 25: 53 bought or addedQ3 25: 50 cut or sold outQ4 25: 54 bought or addedQ4 25: 46 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244329
Q2 20245423
Q3 20244536
Q4 20245337
Q1 20254051
Q2 20254053
Q3 20255350
Q4 20255446

Biggest buyers

LPL Financial LLC Added +706,583+706.6k
Mariner, LLC New +106,745+106.7k
Orion Porfolio Solutions, LLC Added +88,487+88.5k
Virtue Capital Management, LLC Added +55,264+55.3k
ENVESTNET ASSET MANAGEMENT INC Added +51,198+51.2k
PACIFIC FINANCIAL GROUP INC New +50,621+50.6k
Waverly Advisors, LLC New +45,877+45.9k
OLD MISSION CAPITAL LLC New +43,209+43.2k
CreativeOne Wealth, LLC Added +28,211+28.2k
POTOMAC FUND MANAGEMENT INC /ADV Added +26,914+26.9k

Biggest sellers

OSAIC HOLDINGS, INC. Reduced -67,633-67.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -48,714-48.7k
Synergy Investment Management, LLC Sold out -42,072-42.1k
Integrated Wealth Concepts LLC Reduced -22,326-22.3k
Tripletail Wealth Management, LLC Sold out -18,510-18.5k
GeoWealth Management, LLC Reduced -17,338-17.3k
Sanctuary Advisors, LLC Reduced -13,172-13.2k
Gibbs Wealth Management Reduced -11,718-11.7k
FLOW TRADERS U.S. LLC Sold out -10,333-10.3k
J.W. COLE ADVISORS, INC. Sold out -8,688-8.7k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Orion Porfolio Solutions, LLC 8.28% of their portfolio OMAHA, NE 17,505,81917.5m $1.1bn $1.1bn 8.28% Added +88.5k +88,487
2 OSAIC HOLDINGS, INC. 0.61% of their portfolio SCOTTSDALE, AZ 6,431,7246.4m $415.0m $415.0m 0.61% Reduced -67.6k -67,633
3 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 4,435,4594.4m $286.2m $286.2m 0.08% Added +706.6k +706,583
4 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,300,8921.3m $83.9m $83.9m 0.02% Added +51.2k +51,198
5 POTOMAC FUND MANAGEMENT INC /ADV 1.96% of their portfolio BETHESDA, MD 824,013824.0k $53.2m $53.2m 1.96% Added +26.9k +26,914
6 CreativeOne Wealth, LLC 1.08% of their portfolio OVERLAND PARK, KS 689,763689.8k $44.5m $44.5m 1.08% Added +28.2k +28,211
7 Integrated Wealth Concepts LLC 0.43% of their portfolio WALTHAM, MA 562,302562.3k $36.3m $36.3m 0.43% Reduced -22.3k -22,326
8 GeoWealth Management, LLC 1.22% of their portfolio CHICAGO, IL 511,440511.4k $33.0m $33.0m 1.22% Reduced -17.3k -17,338
9 Madrona Financial Services, LLC 5.89% of their portfolio EVERETT, WA 427,232427.2k $27.6m $27.6m 5.89% Reduced -2.0k -2,006
10 Main Management LLC 1.89% of their portfolio SAN FRANCISCO, CA 406,208406.2k $26.2m $26.2m 1.89% Added +15.0k +15,041
11 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 388,004388.0k $25.0m $25.0m 0.03% Added +26.7k +26,655
12 Copley Financial Group, Inc. 12.03% of their portfolio SAN DIEGO, CA 301,270301.3k $19.4m $19.4m 12.03% Added +5.8k +5,807
13 Mutual Advisors, LLC 0.32% of their portfolio OMAHA, NE 234,209234.2k $15.1m $15.1m 0.32% Added +9.2k +9,212
14 INTEGRITY ALLIANCE, LLC. 0.48% of their portfolio Urbandale, IA 201,707201.7k $13.0m $13.0m 0.48% Reduced -94 -94
15 Encompass More Asset Management 2.37% of their portfolio Danville, CA 198,505198.5k $12.8m $12.8m 2.37% Reduced -3.1k -3,092
16 Gibbs Wealth Management 2.69% of their portfolio Alpharetta, GA 172,059172.1k $11.1m $11.1m 2.69% Reduced -11.7k -11,718
17 Atria Investments, Inc 0.12% of their portfolio Charlotte, NC 157,292157.3k $10.2m $10.2m 0.12% Added +5.3k +5,329
18 Silver Grove Financial Group, Inc. 8.74% of their portfolio ORCHARD PARK, NY 156,398156.4k $10.1m $10.1m 8.74% Added +18.5k +18,488
19 Ausdal Financial Partners, Inc. 0.42% of their portfolio Davenport, IA 139,391139.4k $9.0m $9.0m 0.42% Added +12.2k +12,223
20 Spire Wealth Management 0.29% of their portfolio MCLEAN, VA 132,626132.6k $8.6m $8.6m 0.29% Added +17.4k +17,414
21 Sigma Planning Corp 0.22% of their portfolio ANN ARBOR, MI 124,820124.8k $8.1m $8.1m 0.22% Added +9.6k +9,639
22 Mariner, LLC 0.01% of their portfolio Overland Park, KS 106,745106.7k $6.9m $6.9m 0.01% New
23 CWM, LLC 0.02% of their portfolio OMAHA, NE 96,48496.5k $6.2m $6.2m 0.02% Added +4.3k +4,333
24 Geneos Wealth Management Inc. 0.14% of their portfolio ENGLEWOOD, CO 86,78186.8k $5.6m $5.6m 0.14% Reduced -1.1k -1,140
25 Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio BERWYN, PA 86,24986.2k $5.6m $5.6m 0.02% Reduced -2.2k -2,207
26 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 67,94667.9k $4.4m $4.4m 0.01% Added +836 +836
27 Echo45 Advisors LLC 2.50% of their portfolio WALNUT CREEK, CA 67,79067.8k $4.4m $4.4m 2.50% Reduced -1.7k -1,734
28 Virtue Capital Management, LLC 0.60% of their portfolio BRENTWOOD, TN 59,80759.8k $3.9m $3.9m 0.60% Added +55.3k +55,264
29 PACIFIC FINANCIAL GROUP INC 1.82% of their portfolio NASHVILLE, TN 50,62150.6k $3.3m $3.3m 1.82% New
30 Advantage Trust Co 1.36% of their portfolio SALINA, KS 46,63946.6k $3.0m $3.0m 1.36% Added +1.3k +1,312
31 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 45,87745.9k $3.0m $3.0m 0.02% New
32 Tactive Advisors, LLC 0.84% of their portfolio Jacksonville, FL 44,24244.2k $2.9m $2.9m 0.84% Reduced -2.0k -2,017
33 OLD MISSION CAPITAL LLC 0.11% of their portfolio CHICAGO, IL 43,20943.2k $2.8m $2.8m 0.11% New
34 Balefire, LLC 0.54% of their portfolio DALLAS, TX 43,00243.0k $2.8m $2.8m 0.54% Added +9.3k +9,305
35 GWN SECURITIES INC. 0.56% of their portfolio Palm Beach Gardens, FL 42,72542.7k $2.8m $2.8m 0.56% Added +4.3k +4,331
36 AMG Asset Management Group, Inc. 8.54% of their portfolio CARTERSVILLE, GA 41,11841.1k $2.7m $2.7m 8.54% First filing
37 WORLD EQUITY GROUP, INC. 0.73% of their portfolio SCHAUMBURG, IL 40,49640.5k $2.6m $2.6m 0.73% Reduced -461 -461
38 CFC Planning Co LLC 1.96% of their portfolio CICERO, IN 39,50739.5k $2.5m $2.5m 1.96% Reduced -223 -223
39 Fiduciary Alliance LLC 0.16% of their portfolio GREENVILLE, SC 37,88537.9k $2.4m $2.4m 0.16% Added +1.3k +1,314
40 Lunt Capital Management, Inc. 0.90% of their portfolio HOLLADAY, UT 37,24537.2k $2.4m $2.4m 0.90% Reduced -3.6k -3,604
41 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 36,00436.0k $2.3m $2.3m 0.00% Reduced -1.2k -1,157
42 Foundations Investment Advisors, LLC 0.03% of their portfolio PHOENIX, AZ 31,28131.3k $2.0m $2.0m 0.03% Added +8.9k +8,914
43 FLORIDA FINANCIAL ADVISORS, LLC 0.46% of their portfolio TAMPA, FL 25,95426.0k $1.7m $1.7m 0.46% Added +1.8k +1,837
44 Bravias Capital Group, LLC 0.97% of their portfolio ISELIN, NJ 24,93724.9k $1.6m $1.6m 0.97% Reduced -11 -11
45 Simplicity Wealth,LLC 0.09% of their portfolio SUMMIT, NJ 23,36223.4k $1.5m $1.5m 0.09% Reduced -967 -967
46 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 22,64822.6k $1.5m $1.5m 0.00% Reduced -3.0k -2,993
47 BAM Wealth Management, LLC 0.99% of their portfolio LAKEWOOD, CO 21,30921.3k $1.4m $1.4m 0.99% Reduced -4.7k -4,747
48 Independent Wealth Network Inc. 0.41% of their portfolio URBANDALE, IA 21,00221.0k $1.4m $1.4m 0.41% Added +125 +125
49 COLDSTREAM CAPITAL MANAGEMENT INC 0.02% of their portfolio BELLEVUE, WA 20,94620.9k $1.4m $1.4m 0.02% Reduced -30 -30
50 Koshinski Asset Management, Inc. 0.08% of their portfolio DECATUR, IL 19,88419.9k $1.3m $1.3m 0.08% Reduced -153 -153
51 INDEPENDENT FINANCIAL GROUP, LLC 0.03% of their portfolio SAN DIEGO, CA 18,24118.2k $1.2m $1.2m 0.03% Added +8.6k +8,641
52 Virtu Financial LLC 0.04% of their portfolio New York, NY 17,37417.4k $1.1m $1.1m 0.04% Reduced -8.0k -7,953
53 Signal Advisors Wealth, LLC 0.09% of their portfolio DETROIT, MI 16,69216.7k $1.1m $1.1m 0.09% Added +9.3k +9,257
54 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 16,04816.0k $1.0m $1.0m 0.00% Added +2.8k +2,763
55 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,89215.9k $1.0m $1.0m 0.00% Reduced -48.7k -48,714
56 SMITH, MOORE & CO. 0.07% of their portfolio CLAYTON, MO 13,44613.4k $867.7k $867.7k 0.07% New
57 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 12,94412.9k $835.3k $835.3k 0.00% Added +1 +1
58 PFG Investments, LLC 0.04% of their portfolio WOODBURY, NY 12,69712.7k $819.3k $819.3k 0.04% Reduced -1.0k -1,023
59 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 12,49312.5k $806.2k $806.2k 0.00% Reduced -13.2k -13,172
60 TCP Asset Management, LLC 0.13% of their portfolio Upper Arlington, OH 12,26612.3k $791.5k $791.5k 0.13% Unchanged
61 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 11,98412.0k $773.3k $773.3k 0.00% Added +6.1k +6,140
62 SILVER OAK SECURITIES, INCORPORATED 0.05% of their portfolio JACKSON, TN 11,70611.7k $761.4k $761.4k 0.05% Added +275 +275
63 Triad Wealth Partners, LLC 0.07% of their portfolio LAWRENCE, KS 10,92810.9k $705.2k $705.2k 0.07% Added +276 +276
64 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 10,57110.6k $682.1k $682.1k 0.01% Reduced -268 -268
65 Coppell Advisory Solutions LLC 0.07% of their portfolio COPPELL, TX 10,52310.5k $684.4k $684.4k 0.07% Unchanged
66 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 10,42710.4k $672.9k $672.9k 0.00% Unchanged
67 Brookwood Investment Group LLC 0.08% of their portfolio PHOENIX, AZ 10,12310.1k $653.2k $653.2k 0.08% Added +10 +10
68 Keystone Financial Group 0.04% of their portfolio LEXINGTON, KY 8,6138.6k $555.8k $555.8k 0.04% Reduced -1.3k -1,331
69 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 8,2268.2k $530.9k $530.9k 0.00% Reduced -1.5k -1,547
70 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 7,6837.7k $495.8k $495.8k 0.01% Added +200 +200
71 SIGNATUREFD, LLC 0.01% of their portfolio ATLANTA, GA 7,6537.7k $493.8k $493.8k 0.01% Reduced -784 -784
72 Barnes Dennig Private Wealth Management LLC 0.49% of their portfolio CINCINNATI, OH 7,5127.5k $484.7k $484.7k 0.49% Added +3.5k +3,471
73 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 7,5027.5k $484.1k $484.1k 0.00% Reduced -3.6k -3,639
74 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 6,6586.7k $429.6k $429.6k 0.00% Added +1.2k +1,212
75 Meeder Advisory Services, Inc. 0.02% of their portfolio DUBLIN, OH 6,3286.3k $408.3k $408.3k 0.02% Reduced -94 -94
76 Bison Wealth, LLC 0.04% of their portfolio ATLANTA, GA 6,1776.2k $373.7k $373.7k 0.04% Reduced -4.7k -4,690
77 Diversify Advisory Services, LLC 0.01% of their portfolio SANDY, UT 6,1516.2k $400.4k $400.4k 0.01% Reduced -55 -55
78 Western Wealth Management, LLC 0.02% of their portfolio GOLDEN, CO 6,0476.0k $390.2k $390.2k 0.02% Added +15 +15
79 Ethos Financial Group, LLC 0.03% of their portfolio KING OF PRUSSIA, PA 6,0366.0k $389.5k $389.5k 0.03% Added +10 +10
80 Sovran Advisors, LLC 0.03% of their portfolio SAN DIEGO, CA 6,0156.0k $392.5k $392.5k 0.03% Reduced -124 -124
81 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 5,5855.6k $360.4k $360.4k 0.00% Unchanged
82 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,5045.5k $355.1k $355.1k 0.00% Added +1 +1
83 Buck Wealth Strategies, LLC 0.04% of their portfolio DENVER, CO 5,4555.5k $352.0k $352.0k 0.04% Added +9 +9
84 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 4,8554.9k $313.3k $313.3k 0.01% Unchanged
85 Integrity Advisory Solutions, LLC 0.04% of their portfolio DALLAS, TX 4,3334.3k $279.6k $279.6k 0.04% Added +569 +569
86 Anchor Investment Management, LLC 0.02% of their portfolio COLUMBIA, SC 4,2574.3k $274.7k $274.7k 0.02% Unchanged
87 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 4,1524.2k $267.9k $267.9k 0.00% Added +203 +203
88 Tailwinds Wealth, LLC 0.28% of their portfolio VADNAIS HEIGHTS, MN 4,0604.1k $262.0k $262.0k 0.28% First filing
89 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 3,7883.8k $244.5k $244.5k 0.00% Added +5 +5
90 VICTORY FINANCIAL GROUP, LLC 0.03% of their portfolio AUSTIN, TX 3,6933.7k $238.3k $238.3k 0.03% New
91 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 3,5243.5k $231.7k $231.7k 0.00% New
92 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 3,4853.5k $224.9k $224.9k 0.00% Added +6 +6
93 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,4823.5k $224.7k $224.7k 0.00% Reduced -3.5k -3,482
94 Discipline Wealth Solutions, LLC 0.04% of their portfolio GREENVILLE, SC 3,3823.4k $218.2k $218.2k 0.04% Added +107 +107
95 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 3,3123.3k $213.7k $213.7k 0.00% Added +6 +6
96 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,3013.3k $213.0k $213.0k 0.00% Unchanged
97 Waterfront Wealth Inc. 0.04% of their portfolio OVERLAND PARK, KS 3,3003.3k $215.3k $215.3k 0.04% Unchanged
98 EverSource Wealth Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 3,1953.2k $206.2k $206.2k 0.01% Reduced -2 -2
99 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 2,8072.8k $181.1k $181.1k 0.00% Unchanged
100 Nemes Rush Group LLC 0.02% of their portfolio NOVI, MI 2,6332.6k $169.9k $169.9k 0.02% Unchanged