Vault-13

NORTHERN LTS FD TR III CPAI

COUN QUA EQU ETF · ETP · CUSIP 66538R540

19 institutional holders +6 vs Q1 2025
1,984,8222.0m shares reported held*
$73.8mreported value*
9 new 8 added 0 reduced 3 sold out net bought ≈ $20.3m (+544.6k 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 ≈ $37.19.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

01020Q4 23: 4Q1 24: 7Q2 24: 9Q3 24: 7Q4 24: 7Q1 25: 13Q2 25: 1919Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 20234
Q1 20247
Q2 20249
Q3 20247
Q4 20247
Q1 202513
Q2 202519

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 24: 6 bought or addedQ1 24: 1 cut or sold outQ1 24Q2 24: 7 bought or addedQ2 24: 1 cut or sold outQ2 24Q3 24: 3 bought or addedQ3 24: 4 cut or sold outQ3 24Q4 24: 6 bought or addedQ4 24: 2 cut or sold outQ4 24Q1 25: 12 bought or addedQ1 25: 2 cut or sold outQ1 25Q2 25: 17 bought or addedQ2 25: 3 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 202461
Q2 202471
Q3 202434
Q4 202462
Q1 2025122
Q2 2025173

Biggest buyers

OSAIC HOLDINGS, INC. Added +101,860+101.9k
LPL Financial LLC New +68,486+68.5k
Nilsine Partners, LLC New +53,682+53.7k
Equitable Holdings, Inc. New +51,785+51.8k
Concurrent Investment Advisors, LLC New +45,709+45.7k
U.S. Capital Wealth Advisors, LLC Added +39,339+39.3k
Steward Partners Investment Advisory, LLC Added +34,518+34.5k
GTS SECURITIES LLC Added +32,704+32.7k
RAYMOND JAMES FINANCIAL INC New +30,134+30.1k
Inscription Capital, LLC New +30,100+30.1k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -6,691-6.7k
Sunbelt Securities, Inc. Sold out -1,500-1.5k
UBS Group AG Sold out -1,191-1.2k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Counterpoint Mutual Funds LLC 4.08% of their portfolio San Diego, CA 1,238,9161.2m $46.1m $46.1m 4.08% Added +19.6k +19,600
2 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 107,330107.3k $4.0m $4.0m 0.01% Added +101.9k +101,860
3 INDEPENDENT FINANCIAL GROUP, LLC 0.09% of their portfolio SAN DIEGO, CA 83,59283.6k $3.1m $3.1m 0.09% Added +6.9k +6,857
4 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 68,48668.5k $2.5m $2.5m 0.00% New
5 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 68,06168.1k $2.5m $2.5m 0.02% Added +34.5k +34,518
6 U.S. Capital Wealth Advisors, LLC 0.07% of their portfolio AUSTIN, TX 62,66062.7k $2.3m $2.3m 0.07% Added +39.3k +39,339
7 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 56,60056.6k $2.1m $2.1m 0.01% Added +12.3k +12,266
8 Nilsine Partners, LLC 0.20% of their portfolio GREENWOOD VILLAGE, CO 53,68253.7k $2.0m $2.0m 0.20% New
9 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 51,78551.8k $1.9m $1.9m 0.02% New
10 Concurrent Investment Advisors, LLC 0.03% of their portfolio Tampa, FL 45,70945.7k $1.7m $1.7m 0.03% New
11 GTS SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 41,80541.8k $1.6m $1.6m 0.07% Added +32.7k +32,704
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 30,13430.1k $1.1m $1.1m 0.00% New
13 Inscription Capital, LLC 0.16% of their portfolio HOUSTON, TX 30,10030.1k $1.1m $1.1m 0.16% New
14 Mariner, LLC 0.00% of their portfolio Overland Park, KS 19,71219.7k $733.0k $733.0k 0.00% New
15 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 13,19513.2k $490.7k $490.7k 0.00% Unchanged
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,8706.9k $256.0k $256.0k 0.00% New
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,1306.1k $227.9k $227.9k 0.00% Added +286 +286
18 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 5555 $2.0k $2.0k 0.00% New
19 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged