Vault-13

NORTHERN LTS FD TR III LGH

HCM DEFEN 500 · ETP · CUSIP 66538R730

47 institutional holders +4 vs Q3 2025
10,251,11210.3m shares reported held*
$502.7mreported value*
9 new 16 added 16 reduced 5 sold out net sold ≈ $5.2m (-79.2k 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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.07.

Trends to Q4 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: 43Q4 25: 4747Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202547

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 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 25Q3 25: 22 bought or addedQ3 25: 17 cut or sold outQ4 25: 25 bought or addedQ4 25: 21 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241413
Q2 20241410
Q3 20241812
Q4 2024249
Q1 20252016
Q2 20251524
Q3 20252217
Q4 20252521

Biggest buyers

HighPoint Advisor Group LLC New +76,929+76.9k
GTS SECURITIES LLC Added +60,203+60.2k
NewEdge Advisors, LLC New +21,673+21.7k
Discipline Wealth Solutions, LLC Added +16,573+16.6k
LPL Financial LLC Added +8,127+8.1k
CITADEL ADVISORS LLC New +5,664+5.7k
J.W. COLE ADVISORS, INC. Added +5,453+5.5k
RAYMOND JAMES FINANCIAL INC New +4,881+4.9k
Wealth Watch Advisors, INC Added +4,666+4.7k
JANE STREET GROUP, LLC New +4,476+4.5k

Biggest sellers

Howard Capital Management, LLC Reduced -65,210-65.2k
ENVESTNET ASSET MANAGEMENT INC Reduced -56,572-56.6k
Cetera Investment Advisers Reduced -50,668-50.7k
MONEY CONCEPTS CAPITAL CORP Sold out -33,766-33.8k
Optivise Advisory Services LLC Reduced -33,025-33.0k
Orion Porfolio Solutions, LLC Reduced -27,589-27.6k
CPR Investments Inc. Sold out -21,151-21.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -5,311-5.3k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Sold out -3,613-3.6k
Simplicity Wealth,LLC Reduced -3,548-3.5k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 3.31% of their portfolio Alpharetta, GA 6,180,1266.2m $255.4m $255.4m 3.31% Reduced -65.2k -65,210
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 756,820756.8k $46.9m $46.9m 0.01% Reduced -56.6k -56,572
3 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 588,913588.9k $36.5m $36.5m 0.04% Reduced -50.7k -50,668
4 Orion Porfolio Solutions, LLC 0.26% of their portfolio OMAHA, NE 564,414564.4k $35.0m $35.0m 0.26% Reduced -27.6k -27,589
5 J.W. COLE ADVISORS, INC. 0.48% of their portfolio TAMPA, FL 402,290402.3k $20.0m $20.0m 0.48% Added +5.5k +5,453
6 Wealth Watch Advisors, INC 7.56% of their portfolio ENGLEWOOD, CO 328,905328.9k $20.4m $20.4m 7.56% Added +4.7k +4,666
7 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 261,304261.3k $16.2m $16.2m 0.04% Added +1.1k +1,093
8 Aegis Wealth Management, Inc. 11.53% of their portfolio Guthrie Center, IA 236,982237.0k $14.7m $14.7m 11.53% First filing
9 Optivise Advisory Services LLC 3.98% of their portfolio FRANKLIN, TN 111,541111.5k $6.9m $6.9m 3.98% Reduced -33.0k -33,025
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 109,791109.8k $6.8m $6.8m 0.00% Added +8.1k +8,127
11 J2 Capital Management Inc 4.90% of their portfolio TROY, MI 108,363108.4k $6.7m $6.7m 4.90% Added +2.1k +2,138
12 Lifestyle Asset Management, Inc. 1.71% of their portfolio FRIENDSWOOD, TX 84,61384.6k $5.2m $5.2m 1.71% Reduced -2.0k -2,025
13 GTS SECURITIES LLC 0.18% of their portfolio NEW YORK, NY 83,17283.2k $5.2m $5.2m 0.18% Added +60.2k +60,203
14 HighPoint Advisor Group LLC 0.10% of their portfolio DOWNERS GROVE, IL 76,92976.9k $4.8m $4.8m 0.10% New
15 Discipline Wealth Solutions, LLC 0.73% of their portfolio GREENVILLE, SC 63,90063.9k $4.0m $4.0m 0.73% Added +16.6k +16,573
16 Simplicity Wealth,LLC 0.17% of their portfolio SUMMIT, NJ 45,57245.6k $2.8m $2.8m 0.17% Reduced -3.5k -3,548
17 PANORAMIC INVESTMENT ADVISORS, LLC 0.91% of their portfolio DENVER, CO 27,02327.0k $1.7m $1.7m 0.91% Reduced -212 -212
18 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 26,46126.5k $1.6m $1.6m 0.02% Added +577 +577
19 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 26,26926.3k $1.6m $1.6m 0.02% Reduced -2.9k -2,930
20 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 26,24626.2k $1.6m $1.6m 0.04% Added +712 +712
21 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 21,67321.7k $1.3m $1.3m 0.00% New
22 Brooklyn Investment Group 0.06% of their portfolio NEW YORK, NY 19,15319.2k $1.2m $1.2m 0.06% Unchanged
23 Fiduciary Alliance LLC 0.07% of their portfolio GREENVILLE, SC 16,11016.1k $998.3k $998.3k 0.07% Reduced -445 -445
24 Parsonex Advisory Services, Inc. 0.61% of their portfolio ENGLEWOOD, CO 15,36415.4k $952.1k $952.1k 0.61% Reduced -1.8k -1,751
25 INTEGRITY ALLIANCE, LLC. 0.02% of their portfolio Urbandale, IA 9,7849.8k $606.3k $606.3k 0.02% Reduced -368 -368
26 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,1027.1k $440.1k $440.1k 0.00% Unchanged
27 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 6,6796.7k $413.9k $413.9k 0.00% Unchanged
28 VestGen Investment Management 0.21% of their portfolio EGG HARBOR TOWNSHIP, NJ 6,1046.1k $378.3k $378.3k 0.21% Added +210 +210
29 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 5,6645.7k $351.0k $351.0k 0.00% New
30 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio Pittsburgh, PA 5,1125.1k $316.8k $316.8k 0.12% Added +8 +8
31 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 4,8814.9k $302.5k $302.5k 0.00% New
32 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 4,4764.5k $277.4k $277.4k 0.00% New
33 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 4,4374.4k $275.0k $275.0k 0.01% New
34 Bison Wealth, LLC 0.03% of their portfolio ATLANTA, GA 4,1674.2k $238.1k $238.1k 0.03% New
35 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 4,1064.1k $254.4k $254.4k 0.00% Reduced -143 -143
36 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 4,0934.1k $253.6k $253.6k 0.00% New
37 Smithfield Trust Co 0.01% of their portfolio PITTSBURGH, PA 3,9504.0k $245.0k $245.0k 0.01% New
38 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,8283.8k $237.2k $237.2k 0.00% Added +11 +11
39 Worth Financial Advisory Group, LLC 0.11% of their portfolio CHARLOTTE, NC 3,6423.6k $225.7k $225.7k 0.11% Reduced -748 -748
40 Delta Investment Management, LLC 0.04% of their portfolio SAN FRANCISCO, CA 3,3133.3k $205.3k $205.3k 0.04% Reduced -705 -705
41 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,8732.9k $178.0k $178.0k 0.00% Added +283 +283
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,2181.2k $75.5k $75.5k 0.00% Added +722 +722
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,1451.1k $71.0k $71.0k 0.00% Added +1 +1
44 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 985985 $61.1k $61.1k 0.00% Added +150 +150
45 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 571571 $35.4k $35.4k 0.00% Unchanged
46 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 200200 $12.4k $12.4k 0.00% Unchanged
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11 $62 $62 0.00% Reduced -1 -1