Vault-13

RBB FD INC XBIL

US TRSRY 6 MNTH · ETP · CUSIP 74933W460

89 institutional holders +4 vs Q1 2025
8,997,2039.0m shares reported held*
$451.2mreported value*
11 new 41 added 26 reduced 8 sold out net bought ≈ $38.4m (+765.8k 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 ≈ $50.15.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q1 23: 8Q2 23: 18Q3 23: 42Q4 23: 61Q1 24: 63Q2 24: 79Q3 24: 74Q4 24: 79Q1 25: 85Q2 25: 8989Q1 23Q3 23Q1 24Q3 24Q1 25Q2 25
Numbers
QuarterHolders
Q1 20238
Q2 202318
Q3 202342
Q4 202361
Q1 202463
Q2 202479
Q3 202474
Q4 202479
Q1 202585
Q2 202589

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 35 bought or addedQ3 23: 7 cut or sold outQ4 23: 51 bought or addedQ4 23: 11 cut or sold outQ4 23Q1 24: 43 bought or addedQ1 24: 30 cut or sold outQ2 24: 51 bought or addedQ2 24: 25 cut or sold outQ2 24Q3 24: 40 bought or addedQ3 24: 36 cut or sold outQ4 24: 38 bought or addedQ4 24: 37 cut or sold outQ4 24Q1 25: 54 bought or addedQ1 25: 36 cut or sold outQ2 25: 52 bought or addedQ2 25: 34 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023357
Q4 20235111
Q1 20244330
Q2 20245125
Q3 20244036
Q4 20243837
Q1 20255436
Q2 20255234

Biggest buyers

LPL Financial LLC Added +333,074+333.1k
MILESTONE ASSET MANAGEMENT, LLC Added +184,346+184.3k
UBS Group AG Added +152,890+152.9k
STIFEL FINANCIAL CORP Added +136,798+136.8k
F/m Investments LLC New +83,599+83.6k
GOLDMAN SACHS GROUP INC New +80,592+80.6k
RETIREMENT CAPITAL STRATEGIES Added +63,292+63.3k
Moors & Cabot, Inc. Added +60,423+60.4k
MORGAN STANLEY Added +55,563+55.6k
IHT Wealth Management, LLC Added +44,918+44.9k

Biggest sellers

Cetera Investment Advisers Reduced -180,703-180.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -85,627-85.6k
Alpine Bank Wealth Management Reduced -67,118-67.1k
ACORN FINANCIAL ADVISORY SERVICES INC /ADV Reduced -59,909-59.9k
Advisor Resource Council Sold out -50,590-50.6k
MML INVESTORS SERVICES, LLC Reduced -44,751-44.8k
49 WEALTH MANAGEMENT, LLC Reduced -33,456-33.5k
CITADEL ADVISORS LLC Reduced -19,487-19.5k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -18,705-18.7k
Private Advisor Group, LLC Reduced -15,190-15.2k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,207,8272.2m $110.7m $110.7m 0.04% Added +333.1k +333,074
2 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 9.63% of their portfolio Reston, VA 1,171,1321.2m $58.7m $58.7m 9.63% Reduced -59.9k -59,909
3 UBS Group AG 0.01% of their portfolio ZURICH, V8 838,226838.2k $42.0m $42.0m 0.01% Added +152.9k +152,890
4 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 565,743565.7k $28.4m $28.4m 0.03% Added +136.8k +136,798
5 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 401,025401.0k $20.1m $20.1m 0.01% Reduced -2.1k -2,077
6 Good Life Advisors, LLC 1.15% of their portfolio READING, PA 365,523365.5k $18.3m $18.3m 1.15% Added +33.1k +33,124
7 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 267,484267.5k $13.4m $13.4m 0.04% Reduced -44.8k -44,751
8 IHT Wealth Management, LLC 0.37% of their portfolio Chicago, IL 266,426266.4k $13.4m $13.4m 0.37% Added +44.9k +44,918
9 49 WEALTH MANAGEMENT, LLC 1.31% of their portfolio AUSTIN, TX 245,931245.9k $12.3m $12.3m 1.31% Reduced -33.5k -33,456
10 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 243,088243.1k $12.2m $12.2m 0.07% Reduced -15.2k -15,190
11 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 215,827215.8k $10.8m $10.8m 0.01% Reduced -18.7k -18,705
12 MILESTONE ASSET MANAGEMENT, LLC 2.12% of their portfolio PITTSBURGH, PA 200,214200.2k $10.0m $10.0m 2.12% Added +184.3k +184,346
13 Moors & Cabot, Inc. 0.37% of their portfolio BOSTON, MA 158,418158.4k $7.9m $7.9m 0.37% Added +60.4k +60,423
14 Integrated Wealth Concepts LLC 0.06% of their portfolio WALTHAM, MA 114,742114.7k $5.8m $5.8m 0.06% Added +9.4k +9,437
15 Copia Wealth Management 3.82% of their portfolio BEND, OR 90,23290.2k $4.5m $4.5m 3.82% Reduced -3.1k -3,054
16 F/m Investments LLC 0.15% of their portfolio WASHINGTON, DC 83,59983.6k $4.2m $4.2m 0.15% New
17 RETIREMENT CAPITAL STRATEGIES 1.65% of their portfolio SAN JOSE, CA 83,27283.3k $4.2m $4.2m 1.65% Added +63.3k +63,292
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 82,66982.7k $4.1m $4.1m 0.01% Added +34.5k +34,478
19 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 80,59280.6k $4.0m $4.0m 0.00% New
20 DENVER WEALTH MANAGEMENT, INC. 1.47% of their portfolio DENVER, CO 70,82770.8k $3.6m $3.6m 1.47% Reduced -10.8k -10,768
21 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 67,33267.3k $3.4m $3.4m 0.00% Added +32.4k +32,433
22 Fonville Wealth Management LLC 0.85% of their portfolio RICHMOND, VA 67,07567.1k $3.4m $3.4m 0.85% Added +7.3k +7,260
23 Spinnaker Investment Group, LLC 0.74% of their portfolio Newport Beach, CA 62,67262.7k $3.1m $3.1m 0.74% Reduced -7.6k -7,621
24 BENJAMIN EDWARDS INC 0.04% of their portfolio Clayton, MO 61,60661.6k $3.1m $3.1m 0.04% Added +3.5k +3,491
25 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 57,35457.4k $2.9m $2.9m 0.02% Added +3.5k +3,487
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 55,66855.7k $2.8m $2.8m 0.00% Added +55.6k +55,563
27 Prospera Financial Services Inc 0.05% of their portfolio Dallas, TX 54,69254.7k $2.7m $2.7m 0.05% Added +8.5k +8,497
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 47,75747.8k $2.4m $2.4m 0.00% Added +17.5k +17,464
29 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 44,50444.5k $2.2m $2.2m 0.01% Reduced -12.5k -12,542
30 Founders Financial Alliance, LLC 0.49% of their portfolio RALEIGH, NC 42,67542.7k $2.1m $2.1m 0.49% Reduced -1.4k -1,400
31 Stratos Wealth Partners, LTD. 0.03% of their portfolio BEACHWOOD, OH 37,15337.2k $1.9m $1.9m 0.03% Added +6.0k +5,995
32 Gateway Wealth Partners, LLC 0.34% of their portfolio APPLETON, WI 35,81535.8k $1.8m $1.8m 0.34% Added +825 +825
33 IFP Advisors, Inc 0.04% of their portfolio TAMPA, FL 29,88229.9k $1.5m $1.5m 0.04% Added +8.2k +8,215
34 Wealthcare Advisory Partners LLC 0.03% of their portfolio WEST CHESTER, PA 29,08929.1k $1.5m $1.5m 0.03% Added +427 +427
35 Semmax Financial Advisors Inc. 0.37% of their portfolio Winston Salem, NC 28,87428.9k $1.4m $1.4m 0.37% Reduced -4.5k -4,490
36 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 27,95328.0k $1.4m $1.4m 0.00% Reduced -180.7k -180,703
37 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 24,83824.8k $1.2m $1.2m 0.00% Reduced -19.5k -19,487
38 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 21,22621.2k $1.1m $1.1m 0.00% Reduced -85.6k -85,627
39 MANCHESTER FINANCIAL INC 0.21% of their portfolio Westlake Village, CA 20,23620.2k $1.0m $1.0m 0.21% Added +905 +905
40 Belpointe Asset Management LLC 0.04% of their portfolio RENO, NV 19,80619.8k $993.3k $993.3k 0.04% Added +4.7k +4,652
41 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio ORLANDO, FL 19,51519.5k $978.7k $978.7k 0.08% Reduced -1.9k -1,940
42 SAX WEALTH ADVISORS, LLC 0.06% of their portfolio PARSIPPANY, NJ 19,33719.3k $969.7k $969.7k 0.06% Added +1.7k +1,668
43 Alpine Bank Wealth Management 0.14% of their portfolio GRAND JUNCTION, CO 18,90518.9k $948.1k $948.1k 0.14% Reduced -67.1k -67,118
44 Spire Wealth Management 0.03% of their portfolio MCLEAN, VA 17,72617.7k $889.0k $889.0k 0.03% Reduced -6.3k -6,284
45 Global View Capital Management LLC 0.28% of their portfolio WAUKESHA, WI 17,51317.5k $878.3k $878.3k 0.28% Added +514 +514
46 GENTRY PRIVATE WEALTH, LLC 0.64% of their portfolio WICHITA, KS 16,70016.7k $837.5k $837.5k 0.64% Added +2.0k +2,000
47 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 16,40916.4k $822.9k $822.9k 0.02% Added +10.2k +10,163
48 Curran Financial Partners, LLC 0.17% of their portfolio DANIEL ISLAND, SC 15,74615.7k $789.7k $789.7k 0.17% Added +4.4k +4,403
49 MONEY CONCEPTS CAPITAL CORP 0.05% of their portfolio PALM BEACH GARDENS, FL 15,64015.6k $784.3k $784.3k 0.05% Unchanged
50 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 15,15715.2k $760.1k $760.1k 0.00% Added +157 +157
51 Marshall & Sterling Wealth Advisors Inc. 0.46% of their portfolio POUGHKEEPSIE, NY 13,57213.6k $680.6k $680.6k 0.46% Added +966 +966
52 ATTICUS WEALTH MANAGEMENT, LLC 0.18% of their portfolio Palm Beach Gardens, FL 13,40713.4k $672.4k $672.4k 0.18% Added +326 +326
53 David Kennon Inc 0.24% of their portfolio SARASOTA, FL 12,74312.7k $639.1k $639.1k 0.24% Reduced -432 -432
54 Revolve Wealth Partners, LLC 0.08% of their portfolio Hackensack, NJ 12,70412.7k $637.1k $637.1k 0.08% Reduced -3.1k -3,119
55 PITCAIRN CO 0.04% of their portfolio CONSHOHOCKEN, PA 12,45612.5k $624.7k $624.7k 0.04% Unchanged
56 B & T Capital Management DBA Alpha Capital Management 0.10% of their portfolio AUSTIN, TX 11,29011.3k $566.2k $566.2k 0.10% Added +370 +370
57 PRIVATE TRUST CO NA 0.05% of their portfolio CLEVELAND, OH 10,99711.0k $551.5k $551.5k 0.05% Reduced -500 -500
58 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 10,98911.0k $551.1k $551.1k 0.01% Added +2 +2
59 UNIQUE WEALTH, LLC 0.09% of their portfolio TAMPA, FL 10,58710.6k $530.9k $530.9k 0.09% Added +208 +208
60 IBEX WEALTH ADVISORS 0.06% of their portfolio BEDMINSTER, NJ 10,38610.4k $520.9k $520.9k 0.06% Reduced -223 -223
61 Heck Capital Advisors, LLC 0.04% of their portfolio Rhinelander, WI 10,03010.0k $503.0k $503.0k 0.04% Added +2.3k +2,279
62 Financial Advocates Investment Management 0.03% of their portfolio OLYMPIA, WA 7,7367.7k $388.0k $388.0k 0.03% Added +2.8k +2,766
63 Ausdal Financial Partners, Inc. 0.02% of their portfolio Davenport, IA 7,0947.1k $355.7k $355.7k 0.02% Added +374 +374
64 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 6,9557.0k $349.0k $349.0k 0.00% Reduced -541 -541
65 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,5486.5k $328.4k $328.4k 0.00% Unchanged
66 Ted Buchan & Co 0.13% of their portfolio San Diego, CA 6,4406.4k $323.0k $323.0k 0.13% Reduced -450 -450
67 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,8595.9k $293.8k $293.8k 0.00% Added +60 +60
68 GoalVest Advisory LLC 0.07% of their portfolio New York, NY 5,7005.7k $285.9k $285.9k 0.07% Unchanged
69 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 5,5225.5k $276.9k $276.9k 0.00% New
70 Global Retirement Partners, LLC 0.01% of their portfolio San Rafael, CA 5,4695.5k $274.2k $274.2k 0.01% First filing
71 Kingsview Wealth Management, LLC 0.00% of their portfolio GRANTS PASS, OR 5,2925.3k $265.4k $265.4k 0.00% New
72 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 5,0945.1k $255.5k $255.5k 0.00% New
73 FLYNN ZITO CAPITAL MANAGEMENT, LLC 0.11% of their portfolio GARDEN CITY, NY 4,9965.0k $250.5k $250.5k 0.11% Added +21 +21
74 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.03% of their portfolio CONCORD, MA 4,7664.8k $239.0k $239.0k 0.03% New
75 Sterling Group Wealth Management, LLC 0.13% of their portfolio PASADENA, CA 4,6614.7k $233.7k $233.7k 0.13% New
76 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 4,5854.6k $229.9k $229.9k 0.01% Reduced -4.6k -4,585
77 Portland Financial Advisors Inc 0.53% of their portfolio PORT WASHINGTON, NY 4,4004.4k $220.7k $220.7k 0.53% New
78 Verus Financial Partners, Inc. 0.02% of their portfolio RICHMOND, VA 4,1004.1k $205.1k $205.1k 0.02% Unchanged
79 WBI INVESTMENTS, LLC 0.05% of their portfolio RED BANK, NJ 4,0244.0k $201.8k $201.8k 0.05% Unchanged
80 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 3,2733.3k $164.1k $164.1k 0.00% New
81 MPWM ADVISORY SOLUTIONS, LLC 0.04% of their portfolio ALPHARETTA, GA 1,2181.2k $61.1k $61.1k 0.04% Added +12 +12
82 Realta Investment Advisors 0.01% of their portfolio WILMINGTON, DE 755755 $37.9k $37.9k 0.01% New
83 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 500500 $25.0k $25.0k 0.00% Reduced -500 -500
84 Integrity Financial Corp /WA 0.01% of their portfolio JACKSON, WY 500500 $25.1k $25.1k 0.01% Unchanged
85 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 350350 $17.6k $17.6k 0.00% Added +250 +250
86 Financial Gravity Companies, Inc. 0.00% of their portfolio Lakeway, TX 220220 $11.0k $11.0k 0.00% First filing
87 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 200200 $10.0k $10.0k 0.00% Unchanged
88 FMR LLC 0.00% of their portfolio BOSTON, MA 133133 $6.7k $6.7k 0.00% New
89 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged