Vault-13

NORTHERN LTS FD TR III QQH

HCM DEFND 100 · ETP · CUSIP 66538R748

41 institutional holders +1 vs Q4 2024
10,698,44610.7m shares reported held*
$488.3mreported value*
6 new 16 added 15 reduced 5 sold out net bought ≈ $41.8m (+709.7k 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 ≈ $45.64. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 30Q4 22: 30Q1 23: 29Q2 23: 33Q3 23: 32Q4 23: 33Q1 24: 28Q2 24: 31Q3 24: 34Q4 24: 40Q1 25: 4141Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202230
Q4 202230
Q1 202329
Q2 202333
Q3 202332
Q4 202333
Q1 202428
Q2 202431
Q3 202434
Q4 202440
Q1 202541

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 23: 12 bought or addedQ2 23: 17 cut or sold outQ3 23: 20 bought or addedQ3 23: 15 cut or sold outQ3 23Q4 23: 16 bought or addedQ4 23: 19 cut or sold outQ1 24: 14 bought or addedQ1 24: 19 cut or sold outQ1 24Q2 24: 15 bought or addedQ2 24: 14 cut or sold outQ3 24: 17 bought or addedQ3 24: 17 cut or sold outQ3 24Q4 24: 26 bought or addedQ4 24: 14 cut or sold outQ1 25: 22 bought or addedQ1 25: 20 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20231217
Q3 20232015
Q4 20231619
Q1 20241419
Q2 20241514
Q3 20241717
Q4 20242614
Q1 20252220

Biggest buyers

Orion Portfolio Solutions, LLC Added +490,109+490.1k
Cetera Investment Advisers Added +68,088+68.1k
ENVESTNET ASSET MANAGEMENT INC Added +62,028+62.0k
Orion Porfolio Solutions, LLC Added +61,286+61.3k
Simplicity Wealth,LLC New +46,377+46.4k
CITADEL ADVISORS LLC New +37,715+37.7k
MONEY CONCEPTS CAPITAL CORP Added +25,848+25.8k
J.W. COLE ADVISORS, INC. Added +25,649+25.6k
OSAIC HOLDINGS, INC. Added +24,289+24.3k
Lifestyle Asset Management, Inc. Added +8,390+8.4k

Biggest sellers

Optivise Advisory Services LLC Reduced -52,896-52.9k
Howard Capital Management, LLC Reduced -51,113-51.1k
Cambridge Investment Research Advisors, Inc. Reduced -12,790-12.8k
GTS SECURITIES LLC Reduced -11,390-11.4k
Wealth Watch Advisors, INC Reduced -6,692-6.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Sold out -4,369-4.4k
Discipline Wealth Solutions, LLC Reduced -4,259-4.3k
JANE STREET GROUP, LLC Reduced -3,412-3.4k
Mariner, LLC Sold out -3,236-3.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -2,526-2.5k

Biggest calls

None

Biggest puts

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 5.76% of their portfolio Alpharetta, GA 6,334,1576.3m $229.4m $229.4m 5.76% Reduced -51.1k -51,113
2 Orion Portfolio Solutions, LLC 0.28% of their portfolio Omaha, NE 918,932918.9k $57.4m $57.4m 0.28% Added +490.1k +490,109
3 Cambridge Investment Research Advisors, Inc. 0.12% of their portfolio FAIRFIELD, IA 593,813593.8k $34.7m $34.7m 0.12% Reduced -12.8k -12,790
4 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 525,809525.8k $30.7m $30.7m 0.01% Added +62.0k +62,028
5 Orion Porfolio Solutions, LLC 0.28% of their portfolio OMAHA, NE 490,109490.1k $28.7m $28.7m 0.28% Added +61.3k +61,286
6 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 447,427447.4k $26.2m $26.2m 0.05% Added +68.1k +68,088
7 Wealth Watch Advisors, INC 16.58% of their portfolio ENGLEWOOD, CO 348,883348.9k $20.4m $20.4m 16.58% Reduced -6.7k -6,692
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 202,975203.0k $11.9m $11.9m 0.00% Added +7.0k +6,952
9 J.W. COLE ADVISORS, INC. 0.34% of their portfolio TAMPA, FL 185,289185.3k $10.8m $10.8m 0.34% Added +25.6k +25,649
10 Optivise Advisory Services LLC 2.85% of their portfolio FRANKLIN, TN 86,72686.7k $5.1m $5.1m 2.85% Reduced -52.9k -52,896
11 GTS SECURITIES LLC 0.15% of their portfolio NEW YORK, NY 60,62360.6k $3.5m $3.5m 0.15% Reduced -11.4k -11,390
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 47,34547.3k $2.8m $2.8m 0.00% Added +106 +106
13 Simplicity Wealth,LLC 0.21% of their portfolio SUMMIT, NJ 46,37746.4k $2.7m $2.7m 0.21% New
14 Lifestyle Asset Management, Inc. 1.47% of their portfolio FRIENDSWOOD, TX 45,77145.8k $2.7m $2.7m 1.47% Added +8.4k +8,390
15 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 37,71537.7k $2.2m $2.2m 0.00% New
16 Discipline Wealth Solutions, LLC 1.01% of their portfolio GREENVILLE, SC 36,23936.2k $2.1m $2.1m 1.01% Reduced -4.3k -4,259
17 MONEY CONCEPTS CAPITAL CORP 0.16% of their portfolio PALM BEACH GARDENS, FL 35,50835.5k $2.1m $2.1m 0.16% Added +25.8k +25,848
18 Foundations Investment Advisors, LLC 0.03% of their portfolio PHOENIX, AZ 30,49930.5k $1.8m $1.8m 0.03% Reduced -159 -159
19 PANORAMIC INVESTMENT ADVISORS, LLC 1.07% of their portfolio DENVER, CO 27,19027.2k $1.6m $1.6m 1.07% Unchanged
20 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 26,40226.4k $1.5m $1.5m 0.00% Added +24.3k +24,289
21 Delta Investment Management, LLC 0.29% of their portfolio SAN FRANCISCO, CA 24,26624.3k $1.4m $1.4m 0.29% Added +87 +87
22 CPR Investments Inc. 1.22% of their portfolio Rochester, MI 23,58223.6k $1.4m $1.4m 1.22% Reduced -1.8k -1,844
23 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 22,47622.5k $1.3m $1.3m 0.04% Added +438 +438
24 Fiduciary Alliance LLC 0.11% of their portfolio GREENVILLE, SC 19,97820.0k $1.2m $1.2m 0.11% Reduced -119 -119
25 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 19,40819.4k $1.1m $1.1m 0.02% Added +162 +162
26 Brooklyn Investment Group 0.22% of their portfolio NEW YORK, NY 17,51417.5k $1.0m $1.0m 0.22% Reduced -710 -710
27 Worth Financial Advisory Group, LLC 0.29% of their portfolio CHARLOTTE, NC 7,8587.9k $459.5k $459.5k 0.29% Reduced -408 -408
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 6,7176.7k $392.8k $392.8k 0.00% Reduced -2.5k -2,526
29 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 4,3854.4k $256.4k $256.4k 0.00% Added +12 +12
30 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.15% of their portfolio Pittsburgh, PA 4,2984.3k $251.3k $251.3k 0.15% Reduced -256 -256
31 INTEGRITY ALLIANCE, LLC. 0.01% of their portfolio Urbandale, IA 4,1864.2k $244.8k $244.8k 0.01% New
32 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 3,9233.9k $229.4k $229.4k 0.00% New
33 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,7833.8k $221.2k $221.2k 0.00% Unchanged
34 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 3,5363.5k $206.8k $206.8k 0.00% Reduced -3.4k -3,412
35 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,9501.9k $114.0k $114.0k 0.00% New
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,4181.4k $82.9k $82.9k 0.00% Added +1.1k +1,074
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 502502 $29.4k $29.4k 0.00% Added +1 +1
38 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 451451 $26.4k $26.4k 0.00% New
39 Creekmur Asset Management LLC 0.00% of their portfolio MORTON, IL 290290 $17.0k $17.0k 0.00% Unchanged
40 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 136136 $8.0k $8.0k 0.00% Reduced -196 -196
41 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged