Vault-13

PUTNAM ETF TRUST PVAL

FOCUSED LAR CAP · ETP · CUSIP 746729300

383 institutional holders +68 vs Q1 2026
200,158,326200.2m shares reported held*
$10.2bnreported value*
85 new 207 added 61 reduced 18 sold out net bought ≈ $2.1bn (+41.4m 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 ($633.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.94.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 12Q4 22: 21Q1 23: 23Q2 23: 21Q3 23: 27Q4 23: 35Q1 24: 39Q2 24: 64Q3 24: 97Q4 24: 118Q1 25: 148Q2 25: 171Q3 25: 201Q4 25: 261Q1 26: 315Q2 26: 383383Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202212
Q4 202221
Q1 202323
Q2 202321
Q3 202327
Q4 202335
Q1 202439
Q2 202464
Q3 202497
Q4 2024118
Q1 2025148
Q2 2025171
Q3 2025201
Q4 2025261
Q1 2026315
Q2 2026383

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 78 bought or addedQ3 24: 16 cut or sold outQ4 24: 92 bought or addedQ4 24: 23 cut or sold outQ4 24Q1 25: 117 bought or addedQ1 25: 23 cut or sold outQ2 25: 132 bought or addedQ2 25: 42 cut or sold outQ2 25Q3 25: 159 bought or addedQ3 25: 39 cut or sold outQ4 25: 211 bought or addedQ4 25: 32 cut or sold outQ4 25Q1 26: 255 bought or addedQ1 26: 58 cut or sold outQ2 26: 292 bought or addedQ2 26: 79 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20247816
Q4 20249223
Q1 202511723
Q2 202513242
Q3 202515939
Q4 202521132
Q1 202625558
Q2 202629279

Calls vs puts

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

CallsPuts
$0$50k$100k$150k$200kQ3 25 calls: $0Q3 25 puts: $194.5kQ3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$194.5k—
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$0$0—

Biggest buyers

LPL Financial LLC Added +8,727,676+8.7m
Cambridge Investment Research Advisors, Inc. Added +3,929,655+3.9m
MORGAN STANLEY Added +3,372,561+3.4m
BANK OF AMERICA CORP /DE/ Added +2,328,249+2.3m
Janney Montgomery Scott LLC New +2,129,491+2.1m
Modern Wealth Management, LLC Added +1,504,320+1.5m
COMMONWEALTH EQUITY SERVICES, LLC Added +1,314,517+1.3m
OSAIC HOLDINGS, INC. Added +1,268,498+1.3m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +1,129,761+1.1m
Cetera Investment Advisers Added +1,074,143+1.1m

Biggest sellers

Piedmont Capital Management, LLC Sold out -486,775-486.8k
Elequin Capital, LP Reduced -401,085-401.1k
TRUIST FINANCIAL CORP Reduced -176,634-176.6k
Weil Company, Inc. Reduced -145,286-145.3k
Brookstone Capital Management Reduced -132,420-132.4k
Colonial River Investments, LLC Reduced -125,922-125.9k
Patriot Financial Group Insurance Agency, LLC Reduced -116,352-116.4k
Independent Advisor Alliance Sold out -105,123-105.1k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -78,454-78.5k
Prostatis Group LLC Reduced -60,558-60.6k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 38,242,87838.2m $1.9bn $1.9bn 0.13% Added +2.3m +2,328,249
2 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 17,490,72217.5m $891.2m $891.2m 0.05% Added +3.4m +3,372,561
3 LPL Financial LLC 0.11% of their portfolio FORT MILL, SC 9,975,36610.0m $508.2m $508.2m 0.11% Added +8.7m +8,727,676
4 Cetera Investment Advisers 0.44% of their portfolio SCHAUMBURG, IL 9,411,2989.4m $479.5m $479.5m 0.44% Added +1.1m +1,074,143
5 Cullen/Frost Bankers, Inc. 4.32% of their portfolio San Antonio, TX 8,610,0228.6m $438.7m $438.7m 4.32% Added +886.2k +886,178
6 COMMONWEALTH EQUITY SERVICES, LLC 0.51% of their portfolio WALTHAM, MA 7,976,8658.0m $406.4m $406.4m 0.51% Added +1.3m +1,314,517
7 GLENMEDE TRUST CO NA 1.63% of their portfolio PHILADELPHIA, PA 7,259,7127.3m $369.9m $369.9m 1.63% Added +105.4k +105,427
8 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.18% of their portfolio MILWAUKEE, WI 6,620,7556.6m $337.3m $337.3m 0.18% Added +1.1m +1,129,761
9 UBS Group AG 0.05% of their portfolio ZURICH, V8 5,997,5866.0m $305.6m $305.6m 0.05% Added +406.2k +406,214
10 Cambridge Investment Research Advisors, Inc. 0.34% of their portfolio FAIRFIELD, IA 5,790,2425.8m $295.0m $295.0m 0.34% Added +3.9m +3,929,655
11 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 5,400,7255.4m $275.2m $275.2m 0.06% Added +762.1k +762,099
12 Modern Wealth Management, LLC 2.32% of their portfolio KANSAS CITY, MO 3,809,1273.8m $194.1m $194.1m 2.32% Added +1.5m +1,504,320
13 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 3,450,1273.5m $175.8m $175.8m 0.03% Added +761.5k +761,550
14 Allegheny Financial Group 14.11% of their portfolio Pittsburgh, PA 2,609,3192.6m $132.9m $132.9m 14.11% Added +327.4k +327,444
15 STIFEL FINANCIAL CORP 0.10% of their portfolio ST. LOUIS, MO 2,469,6022.5m $125.8m $125.8m 0.10% Added +172.0k +172,021
16 Janney Montgomery Scott LLC 0.21% of their portfolio PHILADELPHIA, PA 2,129,4912.1m $108.5m $108.5m 0.21% New
17 Amplius Wealth Advisors, LLC 7.61% of their portfolio BLUE BELL, PA 2,038,0342.0m $103.8m $103.8m 7.61% Added +59.6k +59,578
18 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 1,674,2451.7m $85.3m $85.3m 0.10% Added +1.3m +1,268,498
19 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 1,669,8301.7m $85.1m $85.1m 0.03% Added +632.4k +632,372
20 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 1,588,7211.6m $80.9m $80.9m 0.08% Added +276.1k +276,068
21 Opal Wealth Advisors, LLC 17.20% of their portfolio JERICHO, NY 1,562,6141.6m $79.6m $79.6m 17.20% Reduced -6.0k -6,023
22 Oak Barrel Wealth Advisory LLC 32.46% of their portfolio RESTON, VA 1,442,9121.4m $73.5m $73.5m 32.46% First filing
23 Kestra Advisory Services, LLC 0.23% of their portfolio AUSTIN, TX 1,392,6511.4m $71.0m $71.0m 0.23% Added +84.7k +84,717
24 Corient Private Wealth LP 0.09% of their portfolio MIAMI, FL 1,312,9981.3m $66.9m $66.9m 0.09% Added +60.6k +60,556
25 Sanctuary Advisors, LLC 0.30% of their portfolio INDIANAPOLIS, IN 1,277,3681.3m $65.1m $65.1m 0.30% Added +93.5k +93,484
26 Capital Analysts, LLC 1.40% of their portfolio FORT WASHINGTON, PA 1,190,3331.2m $60.6m $60.6m 1.40% Added +100.0k +99,997
27 Bleakley Financial Group, LLC 0.70% of their portfolio PARSIPPANY, NJ 1,074,2471.1m $54.7m $54.7m 0.70% Added +44.7k +44,727
28 Wealthspire Advisors, LLC 0.29% of their portfolio NEW YORK, NY 1,026,1221.0m $52.3m $52.3m 0.29% Added +51.0k +51,049
29 RFG Advisory, LLC 0.81% of their portfolio BIRMINGHAM, AL 1,011,8111.0m $51.6m $51.6m 0.81% Added +131.0k +130,988
30 Drake & Associates, LLC 8.19% of their portfolio WAUKESHA, WI 954,581954.6k $48.6m $48.6m 8.19% Added +60.5k +60,516
31 AUCTUS ADVISORS LLC 40.49% of their portfolio CHARLOTTE, NC 944,825944.8k $48.1m $48.1m 40.49% Reduced -4.8k -4,792
32 MML INVESTORS SERVICES, LLC 0.10% of their portfolio SPRINGFIELD, MA 937,682937.7k $47.8m $47.8m 0.10% Added +309.2k +309,193
33 Geneos Wealth Management Inc. 0.91% of their portfolio ENGLEWOOD, CO 879,439879.4k $44.8m $44.8m 0.91% Added +28.8k +28,802
34 M&T Bank Corp 0.13% of their portfolio BUFFALO, NY 878,615878.6k $44.8m $44.8m 0.13% Added +460.5k +460,462
35 Harbor Group, Inc. 5.24% of their portfolio BEDFORD, NH 876,338876.3k $44.6m $44.6m 5.24% Added +15.6k +15,558
36 Summit Investment Advisory Services, LLC 11.07% of their portfolio ROSEVILLE, MN 865,998866.0k $44.1m $44.1m 11.07% New
37 SAX WEALTH ADVISORS, LLC 1.59% of their portfolio PARSIPPANY, NJ 841,845841.8k $39.1m $39.1m 1.59% Added +159.2k +159,214
38 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 834,984835.0k $42.5m $42.5m 0.07% Added +192.3k +192,305
39 GGM Financial LLC 15.50% of their portfolio COLUMBUS, OH 802,017802.0k $40.9m $40.9m 15.50% Added +683.0k +682,960
40 Embree Financial Group 3.99% of their portfolio Chicago, IL 782,122782.1k $39.8m $39.8m 3.99% Added +17.1k +17,140
41 HANCOCK WHITNEY CORP 0.66% of their portfolio GULFPORT, MS 781,743781.7k $39.8m $39.8m 0.66% Added +21.3k +21,275
42 Bouchey Financial Group, Ltd. 2.54% of their portfolio TROY, NY 772,527772.5k $39.4m $39.4m 2.54% New
43 Arete Wealth Advisors, LLC 2.28% of their portfolio CHICAGO, IL 676,109676.1k $34.4m $34.4m 2.28% Reduced -25.1k -25,133
44 OneDigital Investment Advisors LLC 0.29% of their portfolio OVERLAND PARK, KS 665,622665.6k $33.9m $33.9m 0.29% Added +93.2k +93,206
45 Steward Partners Investment Advisory, LLC 0.17% of their portfolio STAMFORD, CT 643,078643.1k $32.8m $32.8m 0.17% Added +125.0k +125,005
46 AdvisorNet Financial, Inc 1.45% of their portfolio MINNETONKA, MN 625,172625.2k $31.9m $31.9m 1.45% Added +61.0k +60,953
47 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 621,442621.4k $32.2m $32.2m 0.05% Reduced -78.5k -78,454
48 BAKER TILLY WEALTH MANAGEMENT, LLC 6.48% of their portfolio MADISON, WI 592,732592.7k $30.2m $30.2m 6.48% Added +77.0k +76,967
49 Sowa Financial Group, Inc. 13.95% of their portfolio LINCOLN, RI 587,209587.2k $29.9m $29.9m 13.95% Added +25.4k +25,417
50 Marks Group Wealth Management, Inc 2.58% of their portfolio MINNETONKA, MN 582,267582.3k $29.7m $29.7m 2.58% Added +233.1k +233,087
51 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.14% of their portfolio Cincinnati, OH 559,528559.5k $28.5m $28.5m 0.14% Added +321.0k +320,961
52 Private Advisor Group, LLC 0.12% of their portfolio MORRISTOWN, NJ 533,671533.7k $27.2m $27.2m 0.12% Added +494.0k +494,027
53 Bucket List Wealth Management, LLC 13.13% of their portfolio The Villages, FL 523,231523.2k $26.7m $26.7m 13.13% Added +177.7k +177,695
54 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 500,423500.4k $25.5m $25.5m 0.04% Added +8.2k +8,222
55 Aurdan Capital Management, LLC 6.03% of their portfolio Wayne, PA 466,713466.7k $23.8m $23.8m 6.03% Added +35.1k +35,150
56 MAI Capital Management 0.09% of their portfolio INDEPENDENCE, OH 463,584463.6k $23.6m $23.6m 0.09% Added +88.6k +88,562
57 Retirement Management Systems Inc. 4.57% of their portfolio STEVENSVILLE, MD 438,579438.6k $22.3m $22.3m 4.57% Added +27.0k +26,991
58 Snowden Capital Advisors LLC 0.52% of their portfolio New York, NY 430,692430.7k $21.9m $21.9m 0.52% Added +80.7k +80,658
59 Towneley Capital Management, Inc / DE 4.29% of their portfolio LAGUNA HILLS, CA 429,046429.0k $21.9m $21.9m 4.29% Reduced -3.9k -3,891
60 Dogwood Wealth Management LLC 8.58% of their portfolio LENEXA, KS 426,694426.7k $21.7m $21.7m 8.58% Added +32.6k +32,618
61 ADAMSBROWN WEALTH CONSULTANTS LLC 4.08% of their portfolio WICHITA, KS 424,275424.3k $21.6m $21.6m 4.08% New
62 SILVER OAK SECURITIES, INCORPORATED 1.29% of their portfolio JACKSON, TN 417,079417.1k $21.3m $21.3m 1.29% Added +12.7k +12,744
63 Frontier Asset Management, LLC 3.77% of their portfolio SHERIDAN, WY 413,101413.1k $21.0m $21.0m 3.77% Added +937 +937
64 Atria Investments, Inc 0.20% of their portfolio Charlotte, NC 397,686397.7k $20.3m $20.3m 0.20% Added +4.9k +4,897
65 Redhawk Wealth Advisors, Inc. 1.94% of their portfolio MINNEAPOLIS, MN 386,316386.3k $19.7m $19.7m 1.94% Added +11.0k +11,020
66 KESTRA PRIVATE WEALTH SERVICES, LLC 0.21% of their portfolio AUSTIN, TX 374,669374.7k $19.1m $19.1m 0.21% Added +80.5k +80,547
67 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 374,301374.3k $19.1m $19.1m 0.02% Reduced -176.6k -176,634
68 Keystone Financial Services, LLC 11.33% of their portfolio OMAHA, NE 370,007370.0k $18.9m $18.9m 11.33% Reduced -1.3k -1,317
69 Valmark Advisers, Inc. 0.20% of their portfolio AKRON, OH 366,776366.8k $18.7m $18.7m 0.20% Added +78.3k +78,348
70 Haverford Trust Co 0.16% of their portfolio Radnor, PA 357,046357.0k $18.2m $18.2m 0.16% Added +20.9k +20,917
71 Ameritas Advisory Services, LLC 0.35% of their portfolio Lincoln, NE 342,320342.3k $17.4m $17.4m 0.35% Added +292.4k +292,413
72 BridgePort Financial Solutions, LLC 4.39% of their portfolio FAIRFIELD, IA 338,432338.4k $17.2m $17.2m 4.39% Reduced -39.6k -39,601
73 Able Wealth Management LLC 3.89% of their portfolio Toms River, NJ 333,118333.1k $17.0m $17.0m 3.89% Reduced -19.0k -18,957
74 Cooper Financial Group 1.40% of their portfolio IRVINE, CA 330,397330.4k $16.8m $16.8m 1.40% Reduced -5.1k -5,130
75 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 326,990327.0k $16.7m $16.7m 0.01% Added +96.0k +95,993
76 IVC Wealth Advisors LLC 6.33% of their portfolio SILVERDALE, PA 318,688318.7k $16.2m $16.2m 6.33% Reduced -2.3k -2,344
77 Stratos Investment Management, LLC 0.58% of their portfolio BEACHWOOD, OH 313,061313.1k $16.0m $16.0m 0.58% Added +40.9k +40,915
78 Merit Financial Group, LLC 0.10% of their portfolio ALPHARETTA, GA 304,469304.5k $15.5m $15.5m 0.10% Added +89.4k +89,435
79 CENTRAL TRUST Co 0.28% of their portfolio JEFFERSON CITY, MO 303,031303.0k $15.4m $15.4m 0.28% Added +422 +422
80 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 302,541302.5k $15.5m $15.5m 0.00% Added +74.4k +74,352
81 Coign Capital Advisors LLC 6.65% of their portfolio Draper, UT 290,191290.2k $14.8m $14.8m 6.65% Added +1.7k +1,701
82 Trademark Financial Management, LLC 5.73% of their portfolio Bloomington, MN 274,399274.4k $14.0m $14.0m 5.73% Added +30.1k +30,134
83 HARBOUR INVESTMENTS, INC. 0.19% of their portfolio MADISON, WI 271,371271.4k $13.8m $13.8m 0.19% Added +30.0k +29,954
84 Rollins Financial Advisors, LLC 1.80% of their portfolio ATLANTA, GA 267,510267.5k $13.6m $13.6m 1.80% Added +11.6k +11,556
85 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 265,977266.0k $13.6m $13.6m 0.02% Added +8.4k +8,405
86 Smartleaf Asset Management LLC 0.44% of their portfolio BOSTON, MA 265,281265.3k $13.6m $13.6m 0.44% Unchanged
87 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 255,968256.0k $13.0m $13.0m 0.00% Added +102.8k +102,778
88 Weil Company, Inc. 2.23% of their portfolio SAN DIEGO, CA 248,564248.6k $12.7m $12.7m 2.23% Reduced -145.3k -145,286
89 Key Client Fiduciary Advisors, LLC 3.68% of their portfolio Fairfield, NJ 247,817247.8k $12.6m $12.6m 3.68% Added +40.7k +40,683
90 Integrated Advisors Network LLC 0.55% of their portfolio DALLAS, TX 234,538234.5k $11.9m $11.9m 0.55% Added +8.4k +8,378
91 CASTLE WEALTH MANAGEMENT LLC 3.41% of their portfolio BOYNTON BEACH, FL 226,122226.1k $11.5m $11.5m 3.41% Added +3.5k +3,532
92 Arax Advisory Partners 0.08% of their portfolio NEW YORK, NY 224,948224.9k $11.5m $11.5m 0.08% New
93 CENTAURUS FINANCIAL, INC. 0.44% of their portfolio ANAHEIM, CA 222,228222.2k $11.3m $11.3m 0.44% Added +1.8k +1,839
94 Stonebridge Financial Group, LLC / MO 7.34% of their portfolio ST. LOUIS, MO 216,877216.9k $11.0m $11.0m 7.34% Added +136.7k +136,699
95 MGO ONE SEVEN LLC 0.18% of their portfolio Beachwood, OH 214,049214.0k $10.9m $10.9m 0.18% Reduced -3.5k -3,518
96 J.W. COLE ADVISORS, INC. 0.19% of their portfolio TAMPA, FL 212,837212.8k $10.8m $10.8m 0.19% New
97 KELLEHER FINANCIAL ADVISORS 1.53% of their portfolio NEW YORK, NY 212,050212.1k $10.8m $10.8m 1.53% New
98 New England Private Wealth Advisors LLC 1.07% of their portfolio WELLESLEY, MA 211,845211.8k $11.1m $11.1m 1.07% Added +52.2k +52,193
99 Midwest Capital Advisors, LLC 4.27% of their portfolio Grand Rapids, MI 206,524206.5k $10.5m $10.5m 4.27% Added +41.9k +41,860
100 Green Ridge Wealth Planning LLC 4.43% of their portfolio MONTVILLE, NJ 206,505206.5k $10.5m $10.5m 4.43% Added +29.0k +29,022