Vault-13

NORTHERN LTS FD TR III LGH

HCM DEFEN 500 · ETP · CUSIP 66538R730

43 institutional holders +2 vs Q2 2025
10,093,65510.1m shares reported held*
$485.3mreported value*
6 new 16 added 15 reduced 2 sold out net bought ≈ $22.0m (+367.9k 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 ($1.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $48.09.

Trends to Q3 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: 41Q3 25: 4343Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 202543

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 23: 16 bought or addedQ4 23: 14 cut or sold outQ1 24: 14 bought or addedQ1 24: 13 cut or sold outQ1 24Q2 24: 14 bought or addedQ2 24: 10 cut or sold outQ3 24: 18 bought or addedQ3 24: 12 cut or sold outQ3 24Q4 24: 24 bought or addedQ4 24: 9 cut or sold outQ1 25: 20 bought or addedQ1 25: 16 cut or sold outQ1 25Q2 25: 15 bought or addedQ2 25: 24 cut or sold outQ3 25: 22 bought or addedQ3 25: 17 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20231614
Q1 20241413
Q2 20241410
Q3 20241812
Q4 2024249
Q1 20252016
Q2 20251524
Q3 20252217

Biggest buyers

Howard Capital Management, LLC Added +213,561+213.6k
ENVESTNET ASSET MANAGEMENT INC Added +65,998+66.0k
Cetera Investment Advisers Added +46,157+46.2k
LPL Financial LLC Added +40,695+40.7k
Cambridge Investment Research Advisors, Inc. Added +32,285+32.3k
Orion Porfolio Solutions, LLC Added +25,353+25.4k
J.W. COLE ADVISORS, INC. Added +14,916+14.9k
Lifestyle Asset Management, Inc. Added +10,639+10.6k
TRUIST FINANCIAL CORP New +6,679+6.7k
VestGen Investment Management New +5,894+5.9k

Biggest sellers

Simplicity Wealth,LLC Reduced -50,734-50.7k
Envestnet Portfolio Solutions, Inc. Sold out -33,048-33.0k
GTS SECURITIES LLC Reduced -6,300-6.3k
CPR Investments Inc. Reduced -5,489-5.5k
Foundations Investment Advisors, LLC Reduced -3,645-3.6k
Optivise Advisory Services LLC Reduced -3,415-3.4k
OSAIC HOLDINGS, INC. Reduced -3,034-3.0k
Wealth Watch Advisors, INC Reduced -2,985-3.0k
RAYMOND JAMES FINANCIAL INC Sold out -1,381-1.4k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -1,288-1.3k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 3.34% of their portfolio Alpharetta, GA 6,245,3366.2m $252.9m $252.9m 3.34% Added +213.6k +213,561
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 813,392813.4k $49.1m $49.1m 0.01% Added +66.0k +65,998
3 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 639,581639.6k $38.6m $38.6m 0.04% Added +46.2k +46,157
4 Orion Porfolio Solutions, LLC 0.28% of their portfolio OMAHA, NE 592,003592.0k $35.8m $35.8m 0.28% Added +25.4k +25,353
5 J.W. COLE ADVISORS, INC. 0.46% of their portfolio TAMPA, FL 396,837396.8k $24.0m $24.0m 0.46% Added +14.9k +14,916
6 Wealth Watch Advisors, INC 8.07% of their portfolio ENGLEWOOD, CO 324,239324.2k $19.6m $19.6m 8.07% Reduced -3.0k -2,985
7 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 260,211260.2k $15.7m $15.7m 0.04% Added +32.3k +32,285
8 Optivise Advisory Services LLC 5.19% of their portfolio FRANKLIN, TN 144,566144.6k $8.7m $8.7m 5.19% Reduced -3.4k -3,415
9 J2 Capital Management Inc 4.83% of their portfolio TROY, MI 106,225106.2k $6.4m $6.4m 4.83% Added +100 +100
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 101,664101.7k $6.1m $6.1m 0.00% Added +40.7k +40,695
11 Lifestyle Asset Management, Inc. 1.79% of their portfolio FRIENDSWOOD, TX 86,63886.6k $5.2m $5.2m 1.79% Added +10.6k +10,639
12 Simplicity Wealth,LLC 0.17% of their portfolio SUMMIT, NJ 49,12049.1k $3.0m $3.0m 0.17% Reduced -50.7k -50,734
13 Discipline Wealth Solutions, LLC 0.75% of their portfolio GREENVILLE, SC 47,32747.3k $2.9m $2.9m 0.75% Added +5.6k +5,573
14 MONEY CONCEPTS CAPITAL CORP 0.13% of their portfolio PALM BEACH GARDENS, FL 33,76633.8k $2.0m $2.0m 0.13% Added +1.7k +1,668
15 Foundations Investment Advisors, LLC 0.03% of their portfolio PHOENIX, AZ 29,19929.2k $1.8m $1.8m 0.03% Reduced -3.6k -3,645
16 PANORAMIC INVESTMENT ADVISORS, LLC 0.92% of their portfolio DENVER, CO 27,23527.2k $1.6m $1.6m 0.92% Reduced -144 -144
17 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 25,88425.9k $1.6m $1.6m 0.02% Reduced -735 -735
18 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 25,53425.5k $1.5m $1.5m 0.04% Added +322 +322
19 GTS SECURITIES LLC 0.05% of their portfolio NEW YORK, NY 22,96923.0k $1.4m $1.4m 0.05% Reduced -6.3k -6,300
20 CPR Investments Inc. 0.88% of their portfolio Rochester, MI 21,15121.2k $1.3m $1.3m 0.88% Reduced -5.5k -5,489
21 Brooklyn Investment Group 0.14% of their portfolio NEW YORK, NY 19,15319.2k $1.0m $1.0m 0.14% Unchanged
22 Parsonex Advisory Services, Inc. 0.70% of their portfolio ENGLEWOOD, CO 17,11517.1k $1.0m $1.0m 0.70% Reduced -389 -389
23 Fiduciary Alliance LLC 0.07% of their portfolio GREENVILLE, SC 16,55516.6k $999.8k $999.8k 0.07% Reduced -35 -35
24 INTEGRITY ALLIANCE, LLC. 0.03% of their portfolio Urbandale, IA 10,15210.2k $613.1k $613.1k 0.03% Reduced -332 -332
25 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,1027.1k $428.9k $428.9k 0.00% Added +1.2k +1,173
26 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 6,6796.7k $403.4k $403.4k 0.00% New
27 VestGen Investment Management 0.21% of their portfolio EGG HARBOR TOWNSHIP, NJ 5,8945.9k $356.0k $356.0k 0.21% New
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 5,3115.3k $320.8k $320.8k 0.00% New
29 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.13% of their portfolio Pittsburgh, PA 5,1045.1k $308.3k $308.3k 0.13% Added +207 +207
30 Worth Financial Advisory Group, LLC 0.15% of their portfolio CHARLOTTE, NC 4,3904.4k $265.1k $265.1k 0.15% Reduced -500 -500
31 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 4,2494.2k $256.6k $256.6k 0.00% Reduced -351 -351
32 Delta Investment Management, LLC 0.04% of their portfolio SAN FRANCISCO, CA 4,0184.0k $242.7k $242.7k 0.04% New
33 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,8173.8k $230.5k $230.5k 0.00% Unchanged
34 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 3,6133.6k $219.5k $219.5k 0.00% Reduced -1.3k -1,288
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,5902.6k $149.7k $149.7k 0.00% Reduced -3.0k -3,034
36 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,1441.1k $69.1k $69.1k 0.00% Unchanged
37 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 835835 $50.4k $50.4k 0.00% Added +99 +99
38 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 571571 $34.5k $34.5k 0.00% Unchanged
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 568568 $34.0k $34.0k 0.00% New
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 496496 $30.0k $30.0k 0.00% New
41 Creekmur Asset Management LLC 0.00% of their portfolio MORTON, IL 373373 $22.5k $22.5k 0.00% Unchanged
42 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 200200 $12.1k $12.1k 0.00% Unchanged
43 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 22 $120 $120 0.00% Added +1 +1