Vault-13

NORTHERN LTS FD TR III CPAI

COUN QUA EQU ETF · ETP · CUSIP 66538R540

54 institutional holders +21 vs Q1 2026
5,891,3845.9m shares reported held*
$306.1mreported value*
25 new 22 added 3 reduced 3 sold out net bought ≈ $117.2m (+2.3m 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 ≈ $51.95.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q4 23: 4Q1 24: 7Q2 24: 9Q3 24: 7Q4 24: 7Q1 25: 13Q2 25: 19Q3 25: 21Q4 25: 28Q1 26: 33Q2 26: 5454Q4 23Q2 24Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 20234
Q1 20247
Q2 20249
Q3 20247
Q4 20247
Q1 202513
Q2 202519
Q3 202521
Q4 202528
Q1 202633
Q2 202654

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 24: 3 bought or addedQ3 24: 4 cut or sold outQ4 24: 6 bought or addedQ4 24: 2 cut or sold outQ4 24Q1 25: 12 bought or addedQ1 25: 2 cut or sold outQ2 25: 17 bought or addedQ2 25: 3 cut or sold outQ2 25Q3 25: 17 bought or addedQ3 25: 3 cut or sold outQ4 25: 24 bought or addedQ4 25: 4 cut or sold outQ4 25Q1 26: 30 bought or addedQ1 26: 6 cut or sold outQ2 26: 47 bought or addedQ2 26: 6 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202434
Q4 202462
Q1 2025122
Q2 2025173
Q3 2025173
Q4 2025244
Q1 2026306
Q2 2026476

Biggest buyers

Arax Advisory Partners New +426,425+426.4k
LPL Financial LLC Added +380,676+380.7k
RAYMOND JAMES FINANCIAL INC Added +328,222+328.2k
Private Advisor Group, LLC New +218,755+218.8k
Cetera Investment Advisers Added +121,207+121.2k
COMMONWEALTH EQUITY SERVICES, LLC New +84,153+84.2k
ROYAL BANK OF CANADA Added +78,505+78.5k
NewEdge Advisors, LLC Added +77,610+77.6k
STIFEL FINANCIAL CORP Added +56,317+56.3k
INSIGNEO ADVISORY SERVICES, LLC Added +54,530+54.5k

Biggest sellers

Mariner, LLC Sold out -34,818-34.8k
JANE STREET GROUP, LLC Sold out -16,198-16.2k
AMERIPRISE FINANCIAL INC Sold out -6,666-6.7k
Stirlingshire Investments, Inc. Reduced -389-389
Kovack Advisors, Inc. Reduced -149-149
JPMORGAN CHASE & CO Reduced -73-73

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Counterpoint Mutual Funds LLC 8.04% of their portfolio San Diego, CA 1,563,6161.6m $81.2m $81.2m 8.04% Added +14.0k +14,000
2 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 705,834705.8k $36.7m $36.7m 0.01% Added +328.2k +328,222
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 632,834632.8k $32.9m $32.9m 0.01% Added +380.7k +380,676
4 Arax Advisory Partners 0.15% of their portfolio NEW YORK, NY 426,425426.4k $22.2m $22.2m 0.15% New
5 INSIGNEO ADVISORY SERVICES, LLC 0.51% of their portfolio MIAMI, FL 263,897263.9k $13.7m $13.7m 0.51% Added +54.5k +54,530
6 Nilsine Partners, LLC 0.83% of their portfolio GREENWOOD VILLAGE, CO 229,706229.7k $11.9m $11.9m 0.83% Added +8.1k +8,084
7 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 229,098229.1k $11.9m $11.9m 0.01% Added +121.2k +121,207
8 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 218,755218.8k $11.4m $11.4m 0.05% New
9 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 154,546154.5k $8.0m $8.0m 0.01% Added +31.4k +31,378
10 Inscription Capital, LLC 0.71% of their portfolio HOUSTON, TX 153,462153.5k $8.0m $8.0m 0.71% Added +53.8k +53,820
11 INDEPENDENT FINANCIAL GROUP, LLC 0.12% of their portfolio SAN DIEGO, CA 125,549125.5k $6.5m $6.5m 0.12% Added +5.1k +5,118
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 122,701122.7k $6.4m $6.4m 0.00% Added +78.5k +78,505
13 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 111,269111.3k $5.8m $5.8m 0.02% Added +77.6k +77,610
14 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 103,918103.9k $5.4m $5.4m 0.03% Added +11.7k +11,651
15 Concurrent Investment Advisors, LLC 0.04% of their portfolio Tampa, FL 100,854100.9k $5.2m $5.2m 0.04% Added +7.6k +7,641
16 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 87,28887.3k $4.5m $4.5m 0.00% Added +56.3k +56,317
17 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 84,15384.2k $4.4m $4.4m 0.01% New
18 Outlook Wealth Advisors, LLC 0.63% of their portfolio SHENANDOAH, TX 55,97956.0k $2.9m $2.9m 0.63% Added +12.4k +12,445
19 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 45,81745.8k $2.4m $2.4m 0.01% Added +293 +293
20 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 45,20745.2k $2.3m $2.3m 0.00% Added +19.7k +19,657
21 Intrua Financial, LLC 0.20% of their portfolio Houston, TX 40,54140.5k $2.1m $2.1m 0.20% New
22 Global Assets Advisory, LLC 0.42% of their portfolio ORLANDO, FL 37,32737.3k $1.9m $1.9m 0.42% New
23 Accurate Wealth Management, LLC 0.17% of their portfolio WESLEY CHAPEL, FL 34,11134.1k $1.8m $1.8m 0.17% Added +12.3k +12,337
24 Western Wealth Management, LLC 0.05% of their portfolio GOLDEN, CO 32,06132.1k $1.7m $1.7m 0.05% New
25 Gilliland Jeter Wealth Management LLC 0.39% of their portfolio LITTLE ROCK, AR 28,70728.7k $1.5m $1.5m 0.39% New
26 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 25,80925.8k $1.3m $1.3m 0.01% New
27 SLT Holdings LLC 0.86% of their portfolio SCOTTSDALE, AZ 25,80925.8k $1.3m $1.3m 0.86% New
28 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 14,81514.8k $770.0k $770.0k 0.00% New
29 Kovack Advisors, Inc. 0.04% of their portfolio FT. LAUDERDALE, FL 14,54014.5k $749.7k $749.7k 0.04% Reduced -149 -149
30 PW Nova Financial Services LLC 0.16% of their portfolio NEWTOWN, PA 14,11514.1k $733.4k $733.4k 0.16% New
31 Jacobi Capital Management LLC 0.03% of their portfolio PITTSTON, PA 13,69813.7k $711.7k $711.7k 0.03% Added +5.2k +5,199
32 Amplius Wealth Advisors, LLC 0.05% of their portfolio BLUE BELL, PA 12,44812.4k $646.8k $646.8k 0.05% New
33 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,33612.3k $640.0k $640.0k 0.00% New
34 Hilltop Holdings Inc. 0.05% of their portfolio DALLAS, TX 11,67511.7k $606.6k $606.6k 0.05% Added +700 +700
35 Stirlingshire Investments, Inc. 0.43% of their portfolio NEW YORK, NY 11,28411.3k $586.3k $586.3k 0.43% Reduced -389 -389
36 MSH Capital Advisors LLC 0.09% of their portfolio SCOTTSDALE, AZ 10,25210.3k $532.7k $532.7k 0.09% New
37 ATX Financial Planning, LLC 0.32% of their portfolio AUSTIN, TX 9,4079.4k $488.8k $488.8k 0.32% New
38 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 9,2469.2k $480.4k $480.4k 0.00% Added +84 +84
39 Perennial Investment Advisors, LLC 0.03% of their portfolio Los Angeles, CA 8,0148.0k $416.4k $416.4k 0.03% New
40 E&G Advisors, LLC 0.08% of their portfolio HOUSTON, TX 7,9758.0k $414.4k $414.4k 0.08% Added +2.9k +2,875
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,3427.3k $377.5k $377.5k 0.00% Reduced -73 -73
42 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 6,5526.6k $340.5k $340.5k 0.00% New
43 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 5,7405.7k $298.2k $298.2k 0.00% New
44 PUREfi Wealth, LLC 0.14% of their portfolio BOSTON, MA 5,0005.0k $259.8k $259.8k 0.14% Unchanged
45 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 4,7314.7k $245.8k $245.8k 0.02% New
46 TRUST CO OF OKLAHOMA 0.06% of their portfolio TULSA, OK 4,5604.6k $236.9k $236.9k 0.06% New
47 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,4864.5k $233.1k $233.1k 0.00% New
48 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 4,3484.3k $225.9k $225.9k 0.00% New
49 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,9333.9k $204.3k $204.3k 0.00% New
50 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 3,9053.9k $202.9k $202.9k 0.00% New
51 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,0552.1k $106.8k $106.8k 0.00% Unchanged
52 Regatta Research & Money Management 0.09% of their portfolio METAIRIE, LA 1,8001.8k $93.5k $93.5k 0.09% First filing
53 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,7311.7k $89.9k $89.9k 0.00% Unchanged
54 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 123123 $6.3k $6.3k 0.00% New