Vault-13

NORTHERN LTS FD TR III QQH

HCM DEFND 100 · ETP · CUSIP 66538R748

42 institutional holders +1 vs Q1 2025
10,059,40110.1m shares reported held*
$516.7mreported value*
7 new 12 added 17 reduced 6 sold out net bought ≈ $17.8m (+263.7k 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 ≈ $51.36. Options: 1 managers hold calls ($6.8k notional), 1 hold puts ($0).

Trends to Q2 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: 41Q2 25: 4242Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 202542

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 20 bought or addedQ3 23: 15 cut or sold outQ4 23: 16 bought or addedQ4 23: 19 cut or sold outQ4 23Q1 24: 14 bought or addedQ1 24: 19 cut or sold outQ2 24: 15 bought or addedQ2 24: 14 cut or sold outQ2 24Q3 24: 17 bought or addedQ3 24: 17 cut or sold outQ4 24: 26 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 22 bought or addedQ1 25: 20 cut or sold outQ2 25: 19 bought or addedQ2 25: 23 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232015
Q4 20231619
Q1 20241419
Q2 20241514
Q3 20241717
Q4 20242614
Q1 20252220
Q2 20251923

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2k$4k$6k$8kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $6.8kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$6.8k$00.00

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +88,005+88.0k
J.W. COLE ADVISORS, INC. Added +79,586+79.6k
Cetera Investment Advisers Added +61,984+62.0k
Orion Porfolio Solutions, LLC Added +59,288+59.3k
Optivise Advisory Services LLC Added +35,838+35.8k
Simplicity Wealth,LLC Added +34,311+34.3k
Atria Wealth Solutions, Inc. New +27,773+27.8k
Envestnet Portfolio Solutions, Inc. New +23,665+23.7k
Lifestyle Asset Management, Inc. Added +17,986+18.0k
J2 Capital Management Inc New +14,773+14.8k

Biggest sellers

GTS SECURITIES LLC Sold out -60,623-60.6k
CITADEL ADVISORS LLC Sold out -37,715-37.7k
Cambridge Investment Research Advisors, Inc. Reduced -33,064-33.1k
Howard Capital Management, LLC Reduced -27,184-27.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -6,717-6.7k
Fiduciary Alliance LLC Reduced -5,342-5.3k
MONEY CONCEPTS CAPITAL CORP Reduced -4,476-4.5k
AQR CAPITAL MANAGEMENT LLC Sold out -3,923-3.9k
JANE STREET GROUP, LLC Sold out -3,536-3.5k
LPL Financial LLC Reduced -2,806-2.8k

Biggest calls

BANK OF AMERICA CORP /DE/ New $6.8k100 shares

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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Howard Capital Management, LLC 3.94% of their portfolio Alpharetta, GA 6,306,9736.3m $263.0m $263.0m 3.94% Reduced -27.2k -27,184
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 613,814613.8k $41.5m $41.5m 0.01% Added +88.0k +88,005
3 Cambridge Investment Research Advisors, Inc. 0.12% of their portfolio FAIRFIELD, IA 560,749560.7k $37.9m $37.9m 0.12% Reduced -33.1k -33,064
4 Orion Porfolio Solutions, LLC 0.32% of their portfolio OMAHA, NE 549,397549.4k $37.1m $37.1m 0.32% Added +59.3k +59,288
5 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 509,411509.4k $34.4m $34.4m 0.06% Added +62.0k +61,984
6 Wealth Watch Advisors, INC 13.59% of their portfolio ENGLEWOOD, CO 347,604347.6k $23.5m $23.5m 13.59% Reduced -1.3k -1,279
7 J.W. COLE ADVISORS, INC. 0.38% of their portfolio TAMPA, FL 264,875264.9k $17.9m $17.9m 0.38% Added +79.6k +79,586
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 200,169200.2k $13.5m $13.5m 0.00% Reduced -2.8k -2,806
9 Optivise Advisory Services LLC 4.23% of their portfolio FRANKLIN, TN 122,564122.6k $8.3m $8.3m 4.23% Added +35.8k +35,838
10 Simplicity Wealth,LLC 0.23% of their portfolio SUMMIT, NJ 80,68880.7k $5.5m $5.5m 0.23% Added +34.3k +34,311
11 Lifestyle Asset Management, Inc. 2.01% of their portfolio FRIENDSWOOD, TX 63,75763.8k $4.3m $4.3m 2.01% Added +18.0k +17,986
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 52,66152.7k $3.6m $3.6m 0.00% Added +5.3k +5,316
13 Discipline Wealth Solutions, LLC 1.00% of their portfolio GREENVILLE, SC 38,67238.7k $2.6m $2.6m 1.00% Added +2.4k +2,433
14 MONEY CONCEPTS CAPITAL CORP 0.14% of their portfolio PALM BEACH GARDENS, FL 31,03231.0k $2.1m $2.1m 0.14% Reduced -4.5k -4,476
15 Foundations Investment Advisors, LLC 0.03% of their portfolio PHOENIX, AZ 30,42430.4k $2.1m $2.1m 0.03% Reduced -75 -75
16 Atria Wealth Solutions, Inc. 0.04% of their portfolio NEW YORK, NY 27,77327.8k $1.9m $1.9m 0.04% New
17 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 26,23126.2k $1.8m $1.8m 0.00% Reduced -171 -171
18 Delta Investment Management, LLC 0.32% of their portfolio SAN FRANCISCO, CA 24,73624.7k $1.7m $1.7m 0.32% Added +470 +470
19 PANORAMIC INVESTMENT ADVISORS, LLC 1.02% of their portfolio DENVER, CO 24,52724.5k $1.7m $1.7m 1.02% Reduced -2.7k -2,663
20 CPR Investments Inc. 1.28% of their portfolio Rochester, MI 24,44624.4k $1.7m $1.7m 1.28% Added +864 +864
21 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 23,66523.7k $1.6m $1.6m 0.01% New
22 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 21,98722.0k $1.5m $1.5m 0.04% Reduced -489 -489
23 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 18,95819.0k $1.3m $1.3m 0.02% Reduced -450 -450
24 Parsonex Advisory Services, Inc. 0.91% of their portfolio ENGLEWOOD, CO 16,16216.2k $1.1m $1.1m 0.91% First filing
25 Brooklyn Investment Group 0.14% of their portfolio NEW YORK, NY 15,65215.7k $1.1m $1.1m 0.14% Reduced -1.9k -1,862
26 J2 Capital Management Inc 0.80% of their portfolio TROY, MI 14,77314.8k $998.8k $998.8k 0.80% New
27 Fiduciary Alliance LLC 0.07% of their portfolio GREENVILLE, SC 14,63614.6k $989.5k $989.5k 0.07% Reduced -5.3k -5,342
28 Worth Financial Advisory Group, LLC 0.25% of their portfolio CHARLOTTE, NC 6,0436.0k $408.6k $408.6k 0.25% Reduced -1.8k -1,815
29 INTEGRITY ALLIANCE, LLC. 0.02% of their portfolio Urbandale, IA 4,7064.7k $318.2k $318.2k 0.02% Added +520 +520
30 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 4,1904.2k $283.3k $283.3k 0.00% Reduced -195 -195
31 Mariner, LLC 0.00% of their portfolio Overland Park, KS 4,0984.1k $277.1k $277.1k 0.00% New
32 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.14% of their portfolio Pittsburgh, PA 4,0264.0k $272.2k $272.2k 0.14% Reduced -272 -272
33 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 3,7833.8k $255.7k $255.7k 0.00% Unchanged
34 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 2,4882.5k $168.2k $168.2k 0.00% New
35 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,3001.3k $87.9k $87.9k 0.00% Reduced -650 -650
36 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 766766 $52.0k $52.0k 0.00% New
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 501501 $33.9k $33.9k 0.00% Reduced -1 -1
38 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 451451 $30.5k $30.5k 0.00% Unchanged
39 Creekmur Asset Management LLC 0.00% of their portfolio MORTON, IL 290290 $19.6k $19.6k 0.00% Unchanged
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 287287 $19.4k $19.4k 0.00% New
41 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 136136 $9.2k $9.2k 0.00% Unchanged
42 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged