Vault-13

PRINCIPAL EXCHANGE TRADED FD PREF

SPECTRUM PFD · ETP · CUSIP 74255Y888

133 institutional holders -2 vs Q4 2025
59,583,04259.6m shares reported held*
$1.1bnreported value*
13 new 59 added 37 reduced 17 sold out net bought ≈ $34.9m (+1.8m 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 ($9.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.82.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 66Q4 22: 71Q1 23: 67Q2 23: 64Q3 23: 73Q4 23: 89Q1 24: 85Q2 24: 94Q3 24: 94Q4 24: 106Q1 25: 117Q2 25: 126Q3 25: 126Q4 25: 135Q1 26: 133133Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202266
Q4 202271
Q1 202367
Q2 202364
Q3 202373
Q4 202389
Q1 202485
Q2 202494
Q3 202494
Q4 2024106
Q1 2025117
Q2 2025126
Q3 2025126
Q4 2025135
Q1 2026133

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 58 bought or addedQ2 24: 30 cut or sold outQ3 24: 59 bought or addedQ3 24: 34 cut or sold outQ3 24Q4 24: 60 bought or addedQ4 24: 28 cut or sold outQ1 25: 73 bought or addedQ1 25: 33 cut or sold outQ1 25Q2 25: 69 bought or addedQ2 25: 48 cut or sold outQ3 25: 69 bought or addedQ3 25: 50 cut or sold outQ3 25Q4 25: 75 bought or addedQ4 25: 49 cut or sold outQ1 26: 72 bought or addedQ1 26: 54 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20245830
Q3 20245934
Q4 20246028
Q1 20257333
Q2 20256948
Q3 20256950
Q4 20257549
Q1 20267254

Biggest buyers

UBS Group AG Added +556,858+556.9k
L2 Asset Management, LLC Added +533,904+533.9k
MORGAN STANLEY Added +527,763+527.8k
BANK OF AMERICA CORP /DE/ Added +491,520+491.5k
AMERIPRISE FINANCIAL INC Added +421,421+421.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +307,736+307.7k
PRINCIPAL SECURITIES, INC. Added +285,169+285.2k
JANE STREET GROUP, LLC Added +281,117+281.1k
ENVESTNET ASSET MANAGEMENT INC Added +269,728+269.7k
JPMORGAN CHASE & CO Added +189,567+189.6k

Biggest sellers

Permanens Capital L.P. Reduced -868,623-868.6k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -585,563-585.6k
Tyche Wealth Partners LLC Sold out -384,025-384.0k
ROYAL BANK OF CANADA Reduced -209,386-209.4k
WELLS FARGO & COMPANY/MN Reduced -201,234-201.2k
J.W. COLE ADVISORS, INC. Sold out -117,090-117.1k
Lifeworks Advisors, LLC Sold out -70,777-70.8k
Berger Financial Group, Inc Reduced -51,473-51.5k
AXS Investments LLC Reduced -49,920-49.9k
FLYNN ZITO CAPITAL MANAGEMENT, LLC Reduced -37,069-37.1k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 11,736,59011.7m $220.9m $220.9m 0.02% Added +491.5k +491,520
2 UBS Group AG 0.03% of their portfolio ZURICH, V8 7,738,4047.7m $145.6m $145.6m 0.03% Added +556.9k +556,858
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 7,393,7607.4m $139.2m $139.2m 0.01% Added +527.8k +527,763
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 3,750,8633.8m $70.6m $70.6m 0.01% Reduced -201.2k -201,234
5 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 3,105,4573.1m $58.4m $58.4m 0.02% Added +74.9k +74,853
6 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 3,103,7123.1m $58.4m $58.4m 0.01% Reduced -209.4k -209,386
7 IFC Advisors LLC 7.35% of their portfolio LOS ANGELES, CA 2,730,3322.7m $51.4m $51.4m 7.35% Added +48.2k +48,223
8 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 2,197,3962.2m $41.4m $41.4m 0.01% Added +421.4k +421,421
9 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,859,7391.9m $35.0m $35.0m 0.01% Reduced -31.5k -31,517
10 PRINCIPAL SECURITIES, INC. 0.33% of their portfolio DES MOINES, IA 1,212,5641.2m $22.8m $22.8m 0.33% Added +285.2k +285,169
11 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,078,8141.1m $20.3m $20.3m 0.01% Added +269.7k +269,728
12 L2 Asset Management, LLC 1.52% of their portfolio Wayland, MA 849,548849.5k $16.0m $16.0m 1.52% Added +533.9k +533,904
13 Permanens Capital L.P. 2.05% of their portfolio NEW YORK, NY 847,144847.1k $15.9m $15.9m 2.05% Reduced -868.6k -868,623
14 Bensler, LLC 1.62% of their portfolio Bellevue, WA 831,810831.8k $15.7m $15.7m 1.62% Added +124.4k +124,406
15 BENJAMIN EDWARDS INC 0.12% of their portfolio Clayton, MO 662,675662.7k $12.5m $12.5m 0.12% Reduced -29.3k -29,261
16 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 1.88% of their portfolio BETHLEHEM, PA 648,514648.5k $12.2m $12.2m 1.88% Added +33.1k +33,062
17 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 602,488602.5k $11.3m $11.3m 0.02% Reduced -585.6k -585,563
18 Mariner, LLC 0.01% of their portfolio Overland Park, KS 531,063531.1k $10.0m $10.0m 0.01% Reduced -22.5k -22,537
19 Berger Financial Group, Inc 0.43% of their portfolio PLYMOUTH, MN 403,943403.9k $7.6m $7.6m 0.43% Reduced -51.5k -51,473
20 ROGCO, LP 2.50% of their portfolio CLAREMORE, OK 398,110398.1k $7.5m $7.5m 2.50% Added +10.9k +10,923
21 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 369,283369.3k $6.9m $6.9m 0.03% Added +20.4k +20,404
22 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 320,519320.5k $6.0m $6.0m 0.01% Added +281.1k +281,117
23 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 313,421313.4k $5.9m $5.9m 0.00% Added +47.2k +47,166
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 308,606308.6k $5.8m $5.8m 0.00% Added +307.7k +307,736
25 PSI Advisors, LLC 1.28% of their portfolio TAMPA, FL 283,605283.6k $5.3m $5.3m 1.28% Reduced -7.5k -7,514
26 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 275,643275.6k $5.2m $5.2m 0.01% Added +7.0k +6,960
27 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 260,375260.4k $4.9m $4.9m 0.01% Unchanged
28 Spartan Wealth Advisory Services LLC 0.42% of their portfolio BINGHAM FARMS, MI 255,406255.4k $4.8m $4.8m 0.42% First filing
29 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 241,299241.3k $4.5m $4.5m 0.01% Reduced -7.6k -7,606
30 Grey Ledge Advisors, LLC 0.86% of their portfolio GUILFORD, CT 202,206202.2k $3.8m $3.8m 0.86% Reduced -6.5k -6,543
31 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 195,349195.3k $3.7m $3.7m 0.01% Added +32.5k +32,514
32 Ocean Park Asset Management, LLC 0.21% of their portfolio SANTA MONICA, CA 192,000192.0k $3.6m $3.6m 0.21% Unchanged
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 190,253190.3k $3.6m $3.6m 0.00% Added +189.6k +189,567
34 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 175,575175.6k $3.3m $3.3m 0.02% Added +71.8k +71,788
35 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 171,145171.1k $3.2m $3.2m 0.02% Reduced -33.2k -33,189
36 Miller Global Investments, LLC 2.63% of their portfolio DALLAS, TX 152,314152.3k $2.9m $2.9m 2.63% Reduced -5.6k -5,577
37 Meadow Creek Wealth Advisors LLC 1.82% of their portfolio ATLANTA, GA 149,078149.1k $2.8m $2.8m 1.82% Added +9.9k +9,902
38 Fiduciary Alliance LLC 0.17% of their portfolio GREENVILLE, SC 148,289148.3k $2.8m $2.8m 0.17% Added +14.2k +14,171
39 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 144,954145.0k $2.7m $2.7m 0.00% Added +1.2k +1,228
40 MassMutual Private Wealth & Trust, FSB 0.07% of their portfolio Windsor, CT 140,310140.3k $2.6m $2.6m 0.07% Added +5.6k +5,595
41 MainStreet Investment Advisors LLC 0.40% of their portfolio CHICAGO, IL 140,310140.3k $2.6m $2.6m 0.40% Added +4.7k +4,660
42 FOCUSED ALPHA, LLC 0.81% of their portfolio DENVER, CO 138,592138.6k $2.6m $2.6m 0.81% Unchanged
43 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 137,547137.5k $2.6m $2.6m 0.01% Added +28.2k +28,171
44 INSIGNEO ADVISORY SERVICES, LLC 0.18% of their portfolio MIAMI, FL 134,117134.1k $2.5m $2.5m 0.18% Added +86 +86
45 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 129,547129.5k $2.4m $2.4m 0.00% Added +39.2k +39,188
46 Legacy Bridge, LLC 0.89% of their portfolio WEST DES MOINES, IA 123,545123.5k $2.3m $2.3m 0.89% Reduced -2.1k -2,060
47 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 105,596105.6k $2.0m $2.0m 0.00% Added +105.1k +105,094
48 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 100,185100.2k $1.9m $1.9m 0.01% Added +19.6k +19,593
49 INVESTMENT PARTNERS, LTD. 0.67% of their portfolio NEW PHILADELPHIA, OH 99,54199.5k $1.9m $1.9m 0.67% Unchanged
50 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 91,21591.2k $1.7m $1.7m 0.00% Added +6.6k +6,553
51 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 85,93785.9k $1.6m $1.6m 0.00% Reduced -1.0k -1,011
52 DEARBORN PARTNERS LLC 0.09% of their portfolio CHICAGO, IL 84,71584.7k $1.6m $1.6m 0.09% Reduced -2.9k -2,896
53 IBEX WEALTH ADVISORS 0.14% of their portfolio BEDMINSTER, NJ 82,23782.2k $1.5m $1.5m 0.14% Reduced -203 -203
54 Gilliland Jeter Wealth Management LLC 0.45% of their portfolio LITTLE ROCK, AR 80,87280.9k $1.5m $1.5m 0.45% Added +2.7k +2,670
55 Willis Johnson & Associates, Inc. 0.08% of their portfolio Houston, TX 76,95177.0k $1.4m $1.4m 0.08% Reduced -22.4k -22,388
56 Capital Investment Advisory Services, LLC 0.11% of their portfolio RALEIGH, NC 76,69076.7k $1.4m $1.4m 0.11% Added +10.6k +10,600
57 Henderson Brothers Financial Partners, LLC 0.36% of their portfolio PITTSBURGH, PA 75,46875.5k $1.4m $1.4m 0.36% First filing
58 AXS Investments LLC 0.56% of their portfolio PORT CHESTER, NY 73,18373.2k $1.4m $1.4m 0.56% Reduced -49.9k -49,920
59 FourThought Financial Partners, LLC 0.11% of their portfolio VENICE, FL 69,53469.5k $1.3m $1.3m 0.11% Added +2.2k +2,246
60 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 63,83563.8k $1.2m $1.2m 0.00% Reduced -1.4k -1,403
61 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 62,74462.7k $1.2m $1.2m 0.00% Reduced -2.5k -2,498
62 First Citizens Financial Corp 0.52% of their portfolio MASON CITY, IA 58,85758.9k $1.1m $1.1m 0.52% Reduced -2.0k -1,957
63 Mengis Capital Management, Inc. 0.19% of their portfolio PORTLAND, OR 57,61557.6k $1.1m $1.1m 0.19% Added +15.2k +15,200
64 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 54,72554.7k $1.0m $1.0m 0.00% Reduced -4.3k -4,348
65 FLAGSTAR SECURITIES, INC 0.36% of their portfolio New York, NY 53,21053.2k $1.0m $1.0m 0.36% Added +771 +771
66 LexAurum Advisors, LLC 0.12% of their portfolio OVERLAND PARK, KS 50,15250.2k $943.9k $943.9k 0.12% First filing
67 Valor Advisors LLC 0.79% of their portfolio MIAMI, FL 49,14349.1k $937.2k $937.2k 0.79% Unchanged
68 Essex Financial Services, Inc. 0.05% of their portfolio ESSEX, CT 47,37847.4k $891.7k $891.7k 0.05% Unchanged
69 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 46,49446.5k $875.0k $875.0k 0.00% New
70 Independent Advisor Alliance 0.01% of their portfolio CHARLOTTE, NC 45,04345.0k $847.7k $847.7k 0.01% New
71 Mechanics Financial Corp 0.33% of their portfolio Mansfield, OH 42,41942.4k $798.3k $798.3k 0.33% Added +7.0k +6,970
72 Pinnacle Financial Partners, Inc. 0.01% of their portfolio ATLANTA, GA 41,06341.1k $772.8k $772.8k 0.01% Added +684 +684
73 CAPITAL & PLANNING, LLC 0.45% of their portfolio JONESBORO, GA 39,64039.6k $746.0k $746.0k 0.45% New
74 BTG Pactual Asset Management US LLC 0.07% of their portfolio NEW YORK, NY 38,82038.8k $730.6k $730.6k 0.07% Added +7.3k +7,342
75 U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio AUSTIN, TX 38,33438.3k $721.4k $721.4k 0.02% Reduced -399 -399
76 SCHNIEDERS CAPITAL MANAGEMENT, LLC. 0.11% of their portfolio PASADENA, CA 36,65036.6k $689.8k $689.8k 0.11% Unchanged
77 Smartleaf Asset Management LLC 0.02% of their portfolio BOSTON, MA 35,65335.7k $667.8k $667.8k 0.02% Reduced -11.6k -11,633
78 Coastal Bridge Advisors, LLC 0.05% of their portfolio WESTPORT, CT 34,18034.2k $643.3k $643.3k 0.05% Added +3.7k +3,663
79 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.01% of their portfolio MINNEAPOLIS, MN 32,44732.4k $610.7k $610.7k 0.01% Reduced -17.6k -17,580
80 UMB Bank, n.a. 0.01% of their portfolio Kansas City, MO 30,67130.7k $577.2k $577.2k 0.01% Added +3.9k +3,907
81 Argent Trust Co 0.02% of their portfolio NASHVILLE, TN 29,00329.0k $545.8k $545.8k 0.02% Reduced -1.1k -1,120
82 Heritage Wealth Management, Inc. 0.27% of their portfolio CINCINNATI, OH 28,76828.8k $541.4k $541.4k 0.27% Reduced -2.9k -2,942
83 Activest Wealth Management 0.09% of their portfolio AVENTURA, FL 26,91326.9k $506.5k $506.5k 0.09% Reduced -5.6k -5,560
84 DIVERSIFIED TRUST CO 0.01% of their portfolio MEMPHIS, TN 25,33325.3k $476.8k $476.8k 0.01% Unchanged
85 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 25,30625.3k $476.0k $476.0k 0.00% Added +2.3k +2,269
86 Resurgent Financial Advisors LLC 0.17% of their portfolio ATLANTA, GA 24,44124.4k $460.0k $460.0k 0.17% Added +122 +122
87 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 21,62921.6k $407.1k $407.1k 0.01% Added +2.1k +2,093
88 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 21,25521.3k $400.0k $400.0k 0.00% New
89 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 20,47920.5k $385.4k $385.4k 0.00% Added +10.2k +10,156
90 Whipplewood Advisors, LLC 0.20% of their portfolio LITTLETON, CO 20,31120.3k $382.3k $382.3k 0.20% Added +224 +224
91 XML Financial, LLC 0.03% of their portfolio BETHESDA, MD 19,14919.1k $360.4k $360.4k 0.03% Reduced -129 -129
92 Platform Technology Partners 0.07% of their portfolio NEW YORK, NY 19,00019.0k $357.6k $357.6k 0.07% Unchanged
93 FLYNN ZITO CAPITAL MANAGEMENT, LLC 0.10% of their portfolio GARDEN CITY, NY 16,70716.7k $314.4k $314.4k 0.10% Reduced -37.1k -37,069
94 W.G. Shaheen & Associates DBA Whitney & Co 0.03% of their portfolio ROCHESTER, NY 16,50016.5k $310.5k $310.5k 0.03% Unchanged
95 MBL Wealth, LLC 0.02% of their portfolio CHARLOTTE, NC 16,50016.5k $310.5k $310.5k 0.02% Reduced -6.0k -6,000
96 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 15,56415.6k $292.9k $292.9k 0.00% Reduced -3.3k -3,324
97 VestGen Advisors, LLC 0.01% of their portfolio CHICAGO, IL 15,03215.0k $285.3k $285.3k 0.01% Unchanged
98 Main Street Financial Solutions, LLC 0.02% of their portfolio NEWTOWN, PA 14,28814.3k $268.9k $268.9k 0.02% Added +2.6k +2,551
99 Colter Lewis Investment Partners LLC 0.25% of their portfolio GREENWICH, CT 14,05414.1k $264.5k $264.5k 0.25% New
100 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 13,72613.7k $258.3k $258.3k 0.01% Added +116 +116