Vault-13

NORTHERN LTS FD TR III LGH

HCM DEFEN 500 · ETP · CUSIP 66538R730

45 institutional holders -2 vs Q4 2025
9,711,0089.7m shares reported held*
$436.1mreported value*
5 new 15 added 18 reduced 8 sold out net sold ≈ $26.5m (-547.4k 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 ($1.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $44.94.

Trends to Q1 2026

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: 47Q1 26: 4545Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 202645

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 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 25Q4 25: 25 bought or addedQ4 25: 21 cut or sold outQ1 26: 20 bought or addedQ1 26: 26 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241410
Q3 20241812
Q4 2024249
Q1 20252016
Q2 20251524
Q3 20252217
Q4 20252521
Q1 20262026

Biggest buyers

Discipline Wealth Solutions, LLC Added +115,645+115.6k
LPL Financial LLC Added +70,049+70.0k
Lifestyle Asset Management, Inc. Added +32,851+32.9k
ENVESTNET ASSET MANAGEMENT INC Added +27,116+27.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +26,530+26.5k
NewEdge Advisors, LLC Added +24,322+24.3k
Aegis Wealth Management, Inc. Added +14,075+14.1k
Wealth Watch Advisors, INC Added +10,883+10.9k
Integrated Wealth Concepts LLC New +9,425+9.4k
GDS Wealth Management New +6,996+7.0k

Biggest sellers

J.W. COLE ADVISORS, INC. Reduced -360,451-360.5k
Orion Porfolio Solutions, LLC Reduced -287,793-287.8k
Howard Capital Management, LLC Reduced -72,844-72.8k
J2 Capital Management Inc Reduced -49,137-49.1k
GTS SECURITIES LLC Reduced -47,233-47.2k
HighPoint Advisor Group LLC Reduced -16,673-16.7k
Parsonex Advisory Services, Inc. Sold out -15,364-15.4k
CITADEL ADVISORS LLC Sold out -5,664-5.7k
Cambridge Investment Research Advisors, Inc. Reduced -5,515-5.5k
Cetera Investment Advisers Reduced -5,419-5.4k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 3.77% of their portfolio Alpharetta, GA 6,107,2826.1m $230.8m $230.8m 3.77% Reduced -72.8k -72,844
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 783,936783.9k $44.7m $44.7m 0.01% Added +27.1k +27,116
3 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 583,494583.5k $33.2m $33.2m 0.04% Reduced -5.4k -5,419
4 Wealth Watch Advisors, INC 8.11% of their portfolio ENGLEWOOD, CO 339,788339.8k $19.4m $19.4m 8.11% Added +10.9k +10,883
5 Orion Porfolio Solutions, LLC 0.13% of their portfolio OMAHA, NE 276,621276.6k $15.8m $15.8m 0.13% Reduced -287.8k -287,793
6 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 255,789255.8k $14.6m $14.6m 0.04% Reduced -5.5k -5,515
7 Aegis Wealth Management, Inc. 11.24% of their portfolio Guthrie Center, IA 251,057251.1k $14.3m $14.3m 11.24% Added +14.1k +14,075
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 179,840179.8k $10.2m $10.2m 0.00% Added +70.0k +70,049
9 Discipline Wealth Solutions, LLC 1.08% of their portfolio GREENVILLE, SC 179,545179.5k $10.2m $10.2m 1.08% Added +115.6k +115,645
10 Lifestyle Asset Management, Inc. 2.19% of their portfolio FRIENDSWOOD, TX 117,464117.5k $6.7m $6.7m 2.19% Added +32.9k +32,851
11 Optivise Advisory Services LLC 3.73% of their portfolio FRANKLIN, TN 108,137108.1k $6.2m $6.2m 3.73% Reduced -3.4k -3,404
12 HighPoint Advisor Group LLC 0.14% of their portfolio DOWNERS GROVE, IL 60,25660.3k $3.4m $3.4m 0.14% Reduced -16.7k -16,673
13 J2 Capital Management Inc 2.31% of their portfolio TROY, MI 59,22659.2k $3.4m $3.4m 2.31% Reduced -49.1k -49,137
14 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 45,99546.0k $2.6m $2.6m 0.01% Added +24.3k +24,322
15 Simplicity Wealth,LLC 0.15% of their portfolio SUMMIT, NJ 45,43345.4k $2.6m $2.6m 0.15% Reduced -139 -139
16 J.W. COLE ADVISORS, INC. 0.08% of their portfolio TAMPA, FL 41,83941.8k $2.4m $2.4m 0.08% Reduced -360.5k -360,451
17 GTS SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 35,93935.9k $2.0m $2.0m 0.07% Reduced -47.2k -47,233
18 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 26,54826.5k $1.5m $1.5m 0.03% Added +302 +302
19 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 26,53026.5k $1.5m $1.5m 0.00% New
20 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 25,72525.7k $1.5m $1.5m 0.02% Reduced -544 -544
21 PANORAMIC INVESTMENT ADVISORS, LLC 0.77% of their portfolio DENVER, CO 25,04625.0k $1.4m $1.4m 0.77% Reduced -2.0k -1,977
22 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 24,80524.8k $1.4m $1.4m 0.02% Reduced -1.7k -1,656
23 Brooklyn Investment Group 0.03% of their portfolio NEW YORK, NY 19,15319.2k $1.1m $1.1m 0.03% Unchanged
24 Fiduciary Alliance LLC 0.04% of their portfolio GREENVILLE, SC 10,73910.7k $634.0k $634.0k 0.04% Reduced -5.4k -5,371
25 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 9,4259.4k $536.8k $536.8k 0.00% New
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 7,9868.0k $454.9k $454.9k 0.00% Added +3.5k +3,510
27 McKinney Capital Management, LLC 0.36% of their portfolio HOUSTON, TX 7,3457.3k $418.4k $418.4k 0.36% First filing
28 INTEGRITY ALLIANCE, LLC. 0.02% of their portfolio Urbandale, IA 7,2557.3k $413.2k $413.2k 0.02% Reduced -2.5k -2,529
29 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 7,1767.2k $408.7k $408.7k 0.00% Added +2.3k +2,295
30 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,1027.1k $404.5k $404.5k 0.00% Unchanged
31 GDS Wealth Management 0.02% of their portfolio FLOWER MOUND, TX 6,9967.0k $398.5k $398.5k 0.02% New
32 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 6,6796.7k $380.4k $380.4k 0.00% Unchanged
33 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 6,1206.1k $348.6k $348.6k 0.00% Added +2.0k +2,014
34 VestGen Investment Management 0.19% of their portfolio EGG HARBOR TOWNSHIP, NJ 6,0086.0k $342.2k $342.2k 0.19% Reduced -96 -96
35 VestGen Advisors, LLC 0.01% of their portfolio CHICAGO, IL 5,5545.6k $350.1k $350.1k 0.01% New
36 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio Pittsburgh, PA 5,2525.3k $299.1k $299.1k 0.10% Added +140 +140
37 Bison Wealth, LLC 0.03% of their portfolio ATLANTA, GA 5,2115.2k $331.6k $331.6k 0.03% Added +1.0k +1,044
38 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 4,3934.4k $250.2k $250.2k 0.00% New
39 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,7313.7k $212.5k $212.5k 0.00% Added +858 +858
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,1451.1k $65.2k $65.2k 0.00% Unchanged
41 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,1301.1k $64.4k $64.4k 0.00% Added +145 +145
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 857857 $48.8k $48.8k 0.00% Reduced -361 -361
43 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 408408 $23.2k $23.2k 0.00% Reduced -163 -163
44 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 200200 $11.4k $11.4k 0.00% Unchanged
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11 $56 $56 0.00% Unchanged