Vault-13

NORTHERN LTS FD TR III LGH

HCM DEFEN 500 · ETP · CUSIP 66538R730

41 institutional holders +2 vs Q1 2025
9,783,9309.8m shares reported held*
$420.8mreported value*
6 new 9 added 20 reduced 4 sold out net bought ≈ $23.3m (+428.3k 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 ≈ $43.01.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 32Q4 22: 29Q1 23: 29Q2 23: 27Q3 23: 29Q4 23: 25Q1 24: 24Q2 24: 25Q3 24: 31Q4 24: 35Q1 25: 39Q2 25: 4141Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202232
Q4 202229
Q1 202329
Q2 202327
Q3 202329
Q4 202325
Q1 202424
Q2 202425
Q3 202431
Q4 202435
Q1 202539
Q2 202541

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 18 bought or addedQ3 23: 11 cut or sold outQ4 23: 16 bought or addedQ4 23: 14 cut or sold outQ4 23Q1 24: 14 bought or addedQ1 24: 13 cut or sold outQ2 24: 14 bought or addedQ2 24: 10 cut or sold outQ2 24Q3 24: 18 bought or addedQ3 24: 12 cut or sold outQ4 24: 24 bought or addedQ4 24: 9 cut or sold outQ4 24Q1 25: 20 bought or addedQ1 25: 16 cut or sold outQ2 25: 15 bought or addedQ2 25: 24 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231811
Q4 20231614
Q1 20241413
Q2 20241410
Q3 20241812
Q4 2024249
Q1 20252016
Q2 20251524

Biggest buyers

J2 Capital Management Inc New +106,125+106.1k
J.W. COLE ADVISORS, INC. Added +100,340+100.3k
Cetera Investment Advisers Added +91,137+91.1k
ENVESTNET ASSET MANAGEMENT INC Added +88,180+88.2k
Orion Porfolio Solutions, LLC Added +42,872+42.9k
Simplicity Wealth,LLC Added +42,299+42.3k
Optivise Advisory Services LLC Added +41,711+41.7k
Atria Wealth Solutions, Inc. New +39,030+39.0k
Envestnet Portfolio Solutions, Inc. New +33,048+33.0k
Lifestyle Asset Management, Inc. Added +21,503+21.5k

Biggest sellers

Cambridge Investment Research Advisors, Inc. Reduced -76,402-76.4k
GTS SECURITIES LLC Reduced -51,462-51.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -15,302-15.3k
Fiduciary Alliance LLC Reduced -6,474-6.5k
MONEY CONCEPTS CAPITAL CORP Reduced -5,406-5.4k
Worth Financial Advisory Group, LLC Reduced -4,438-4.4k
AQR CAPITAL MANAGEMENT LLC Sold out -4,208-4.2k
Atria Investments, Inc Reduced -3,288-3.3k
Wealth Watch Advisors, INC Reduced -3,170-3.2k
PANORAMIC INVESTMENT ADVISORS, LLC Reduced -3,095-3.1k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 3.24% of their portfolio Alpharetta, GA 6,031,7756.0m $216.6m $216.6m 3.24% Added +635 +635
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 747,394747.4k $40.7m $40.7m 0.01% Added +88.2k +88,180
3 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 593,424593.4k $32.3m $32.3m 0.05% Added +91.1k +91,137
4 Orion Porfolio Solutions, LLC 0.26% of their portfolio OMAHA, NE 566,650566.6k $30.8m $30.8m 0.26% Added +42.9k +42,872
5 J.W. COLE ADVISORS, INC. 0.44% of their portfolio TAMPA, FL 381,921381.9k $20.8m $20.8m 0.44% Added +100.3k +100,340
6 Wealth Watch Advisors, INC 10.30% of their portfolio ENGLEWOOD, CO 327,224327.2k $17.8m $17.8m 10.30% Reduced -3.2k -3,170
7 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 227,926227.9k $12.4m $12.4m 0.04% Reduced -76.4k -76,402
8 Optivise Advisory Services LLC 4.12% of their portfolio FRANKLIN, TN 147,981148.0k $8.1m $8.1m 4.12% Added +41.7k +41,711
9 J2 Capital Management Inc 4.60% of their portfolio TROY, MI 106,125106.1k $5.8m $5.8m 4.60% New
10 Simplicity Wealth,LLC 0.23% of their portfolio SUMMIT, NJ 99,85499.9k $5.4m $5.4m 0.23% Added +42.3k +42,299
11 Lifestyle Asset Management, Inc. 1.93% of their portfolio FRIENDSWOOD, TX 75,99976.0k $4.1m $4.1m 1.93% Added +21.5k +21,503
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 60,96961.0k $3.3m $3.3m 0.00% Reduced -1.8k -1,848
13 Discipline Wealth Solutions, LLC 0.87% of their portfolio GREENVILLE, SC 41,75441.8k $2.3m $2.3m 0.87% Reduced -603 -603
14 Atria Wealth Solutions, Inc. 0.05% of their portfolio NEW YORK, NY 39,03039.0k $2.1m $2.1m 0.05% New
15 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 33,04833.0k $1.8m $1.8m 0.01% New
16 Foundations Investment Advisors, LLC 0.03% of their portfolio PHOENIX, AZ 32,84432.8k $1.8m $1.8m 0.03% Reduced -452 -452
17 MONEY CONCEPTS CAPITAL CORP 0.12% of their portfolio PALM BEACH GARDENS, FL 32,09832.1k $1.7m $1.7m 0.12% Reduced -5.4k -5,406
18 GTS SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 29,26929.3k $1.6m $1.6m 0.07% Reduced -51.5k -51,462
19 PANORAMIC INVESTMENT ADVISORS, LLC 0.92% of their portfolio DENVER, CO 27,37927.4k $1.5m $1.5m 0.92% Reduced -3.1k -3,095
20 CPR Investments Inc. 1.13% of their portfolio Rochester, MI 26,64026.6k $1.5m $1.5m 1.13% Reduced -414 -414
21 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 26,61926.6k $1.4m $1.4m 0.02% Reduced -415 -415
22 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 25,21225.2k $1.4m $1.4m 0.04% Reduced -439 -439
23 Brooklyn Investment Group 0.14% of their portfolio NEW YORK, NY 19,15319.2k $1.0m $1.0m 0.14% Reduced -1.8k -1,810
24 Parsonex Advisory Services, Inc. 0.79% of their portfolio ENGLEWOOD, CO 17,50417.5k $952.9k $952.9k 0.79% First filing
25 Fiduciary Alliance LLC 0.07% of their portfolio GREENVILLE, SC 16,59016.6k $903.2k $903.2k 0.07% Reduced -6.5k -6,474
26 INTEGRITY ALLIANCE, LLC. 0.03% of their portfolio Urbandale, IA 10,48410.5k $570.7k $570.7k 0.03% Reduced -662 -662
27 Mariner, LLC 0.00% of their portfolio Overland Park, KS 5,9295.9k $322.8k $322.8k 0.00% Added +878 +878
28 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5,6245.6k $303.9k $303.9k 0.00% Reduced -361 -361
29 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 4,9014.9k $271.0k $271.0k 0.00% Reduced -2.0k -2,044
30 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.13% of their portfolio Pittsburgh, PA 4,8974.9k $266.6k $266.6k 0.13% Reduced -334 -334
31 Worth Financial Advisory Group, LLC 0.16% of their portfolio CHARLOTTE, NC 4,8904.9k $266.2k $266.2k 0.16% Reduced -4.4k -4,438
32 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 4,6004.6k $250.4k $250.4k 0.00% Reduced -3.3k -3,288
33 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,8173.8k $207.8k $207.8k 0.00% New
34 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,3811.4k $75.2k $75.2k 0.00% New
35 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,1441.1k $62.3k $62.3k 0.00% Unchanged
36 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 736736 $40.1k $40.1k 0.00% Unchanged
37 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 571571 $31.1k $31.1k 0.00% Reduced -233 -233
38 Creekmur Asset Management LLC 0.00% of their portfolio MORTON, IL 373373 $20.3k $20.3k 0.00% Unchanged
39 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 200200 $10.9k $10.9k 0.00% Unchanged
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11 $54 $54 0.00% New
41 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged