Vault-13

RBB FD INC TMFC

MOTLEY FOL ETF · ETP · CUSIP 74933W601

197 institutional holders +27 vs Q3 2025
8,778,9448.8m shares reported held*
$631.3mreported value*
32 new 79 added 40 reduced 14 sold out net bought ≈ $113.8m (+1.6m 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 ≈ $71.91. Options: 1 managers hold calls ($222.5k notional), 1 hold puts ($28.7k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 56Q4 22: 65Q1 23: 65Q2 23: 71Q3 23: 83Q4 23: 86Q1 24: 93Q2 24: 92Q3 24: 110Q4 24: 123Q1 25: 133Q2 25: 147Q3 25: 170Q4 25: 197197Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202256
Q4 202265
Q1 202365
Q2 202371
Q3 202383
Q4 202386
Q1 202493
Q2 202492
Q3 2024110
Q4 2024123
Q1 2025133
Q2 2025147
Q3 2025170
Q4 2025197

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 55 bought or addedQ1 24: 22 cut or sold outQ2 24: 33 bought or addedQ2 24: 40 cut or sold outQ2 24Q3 24: 66 bought or addedQ3 24: 25 cut or sold outQ4 24: 70 bought or addedQ4 24: 34 cut or sold outQ4 24Q1 25: 70 bought or addedQ1 25: 42 cut or sold outQ2 25: 90 bought or addedQ2 25: 30 cut or sold outQ2 25Q3 25: 95 bought or addedQ3 25: 35 cut or sold outQ4 25: 111 bought or addedQ4 25: 54 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245522
Q2 20243340
Q3 20246625
Q4 20247034
Q1 20257042
Q2 20259030
Q3 20259535
Q4 202511154

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ1 25 calls: $144.0kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $10.0kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $251.8kQ3 25 puts: $56.4kQ3 25P/C 0.22Q4 25 calls: $222.5kQ4 25 puts: $28.7kQ4 25P/C 0.13
Numbers
QuarterCallsPutsP/C
Q1 2025$144.0k$00.00
Q2 2025$10.0k$00.00
Q3 2025$251.8k$56.4k0.22
Q4 2025$222.5k$28.7k0.13

Biggest buyers

MORGAN STANLEY Added +986,469+986.5k
GM Advisory Group, LLC New +128,485+128.5k
WELLS FARGO & COMPANY/MN Added +86,208+86.2k
WCG Wealth Advisors LLC New +61,112+61.1k
GOLDMAN SACHS GROUP INC New +50,688+50.7k
LPL Financial LLC Added +50,326+50.3k
RAYMOND JAMES FINANCIAL INC Added +46,748+46.7k
ROYAL BANK OF CANADA Added +28,227+28.2k
OSAIC HOLDINGS, INC. Added +18,344+18.3k
Western Wealth Management, LLC Added +16,430+16.4k

Biggest sellers

NFSG Corp Sold out -13,826-13.8k
Elevation Capital Advisory, LLC Reduced -9,115-9.1k
Portfolio Strategies, Inc. Reduced -7,150-7.2k
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management Sold out -6,943-6.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -6,868-6.9k
IHT Wealth Management, LLC Reduced -6,632-6.6k
JPMORGAN CHASE & CO Reduced -6,541-6.5k
TITLEIST ASSET MANAGEMENT, LLC Reduced -5,527-5.5k
HighTower Advisors, LLC Reduced -5,123-5.1k
FLORIDA FINANCIAL ADVISORS, LLC Sold out -4,809-4.8k

Biggest calls

Belvedere Trading LLC Reduced $222.5k3.1k shares

Biggest puts

Belvedere Trading LLC Reduced $28.7k400 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,252,6141.3m $89.9m $89.9m 0.02% Added +50.3k +50,326
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,086,0081.1m $77.9m $77.9m 0.00% Added +986.5k +986,469
3 Amplius Wealth Advisors, LLC 5.50% of their portfolio BLUE BELL, PA 914,215914.2k $65.6m $65.6m 5.50% Added +12.0k +12,031
4 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 775,583775.6k $55.7m $55.7m 0.02% Added +46.7k +46,748
5 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 467,223467.2k $33.5m $33.5m 0.01% Added +86.2k +86,208
6 Portfolio Strategies, Inc. 3.50% of their portfolio MONTVALE, NJ 421,371421.4k $30.2m $30.2m 3.50% Reduced -7.2k -7,150
7 Private Advisor Group, LLC 0.13% of their portfolio MORRISTOWN, NJ 384,064384.1k $27.6m $27.6m 0.13% Added +8.8k +8,790
8 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 359,750359.8k $25.8m $25.8m 0.07% Added +12.4k +12,354
9 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 347,624347.6k $24.9m $24.9m 0.00% Added +28.2k +28,227
10 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 181,191181.2k $13.0m $13.0m 0.02% Added +18.3k +18,344
11 GM Advisory Group, LLC 0.36% of their portfolio MELVILLE, NY 128,485128.5k $9.2m $9.2m 0.36% New
12 Goodman Advisory Group, LLC 2.27% of their portfolio NEEDHAM, MA 128,355128.4k $9.2m $9.2m 2.27% Added +2.3k +2,325
13 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 111,800111.8k $8.0m $8.0m 0.01% Added +300 +300
14 &PARTNERS 0.04% of their portfolio NASHVILLE, TN 93,49193.5k $6.7m $6.7m 0.04% Added +13.1k +13,051
15 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 1.95% of their portfolio Phoenix, AZ 92,15092.2k $6.6m $6.6m 1.95% Added +1.4k +1,442
16 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 81,83081.8k $5.9m $5.9m 0.01% Added +10.9k +10,852
17 IHT Wealth Management, LLC 0.14% of their portfolio Chicago, IL 79,01779.0k $5.7m $5.7m 0.14% Reduced -6.6k -6,632
18 Walker Asset Management, LLC 3.01% of their portfolio SPRINGFIELD, MO 78,13178.1k $5.6m $5.6m 3.01% Added +606 +606
19 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 72,46972.5k $5.2m $5.2m 0.01% Added +2.8k +2,815
20 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 71,73271.7k $5.1m $5.1m 0.01% Added +5.1k +5,108
21 Wealthcare Advisory Partners LLC 0.10% of their portfolio WEST CHESTER, PA 69,28669.3k $5.0m $5.0m 0.10% Added +1.9k +1,923
22 Visionary Wealth Advisors 0.22% of their portfolio O'FALLON, IL 66,95767.0k $4.8m $4.8m 0.22% Added +3.3k +3,286
23 WCG Wealth Advisors LLC 0.12% of their portfolio LAS VEGAS, NV 61,11261.1k $4.4m $4.4m 0.12% New
24 Larson Financial Group LLC 0.15% of their portfolio ST LOUIS, MO 61,07761.1k $4.4m $4.4m 0.15% Added +9.9k +9,948
25 Redwood Financial Network Corp 2.72% of their portfolio SOLON, OH 59,46359.5k $4.3m $4.3m 2.72% Reduced -167 -167
26 Western Wealth Management, LLC 0.19% of their portfolio GOLDEN, CO 58,04158.0k $4.2m $4.2m 0.19% Added +16.4k +16,430
27 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 50,68850.7k $3.6m $3.6m 0.00% New
28 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 50,54950.5k $3.6m $3.6m 0.00% Reduced -1.5k -1,522
29 Synergy Financial Group, LTD 2.53% of their portfolio SAN RAMON, CA 50,15150.2k $3.6m $3.6m 2.53% Added +42 +42
30 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 40,26140.3k $2.9m $2.9m 0.00% Reduced -6.9k -6,868
31 Elevation Capital Advisory, LLC 1.12% of their portfolio BEND, OR 38,22138.2k $2.7m $2.7m 1.12% Reduced -9.1k -9,115
32 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 32,96633.0k $2.4m $2.4m 0.00% Added +2.7k +2,726
33 NORTHBRIDGE FINANCIAL GROUP, LLC 1.01% of their portfolio TAMPA, FL 31,50331.5k $2.3m $2.3m 1.01% First filing
34 Prospera Financial Services Inc 0.04% of their portfolio Dallas, TX 31,24931.2k $2.2m $2.2m 0.04% Added +4.5k +4,485
35 Mutual Advisors, LLC 0.05% of their portfolio OMAHA, NE 30,57230.6k $2.2m $2.2m 0.05% Added +875 +875
36 CALTON & ASSOCIATES, INC. 0.31% of their portfolio Tampa, FL 29,14929.1k $2.1m $2.1m 0.31% Reduced -434 -434
37 Avidian Wealth Enterprises, LLC 0.07% of their portfolio Houston, TX 28,38128.4k $2.0m $2.0m 0.07% Added +1 +1
38 Dale Q Rice Investment Management Ltd 1.24% of their portfolio VANCOUVER, WA 24,02624.0k $1.7m $1.7m 1.24% Reduced -653 -653
39 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 22,43722.4k $1.6m $1.6m 0.01% Reduced -2.1k -2,115
40 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 21,62421.6k $1.6m $1.6m 0.00% Added +19 +19
41 Arbor Wealth Management LLC\AZ 1.20% of their portfolio TEMPE, AZ 21,52221.5k $1.5m $1.5m 1.20% First filing
42 PLANWISER FINANCIAL, LLC 1.13% of their portfolio COLORADO SPRINGS, CO 21,49021.5k $1.5m $1.5m 1.13% Added +243 +243
43 Strategic Advocates LLC 0.39% of their portfolio SACRAMENTO, CA 21,19221.2k $1.5m $1.5m 0.39% Added +6.9k +6,905
44 FMR LLC 0.00% of their portfolio BOSTON, MA 20,64820.6k $1.5m $1.5m 0.00% Added +31 +31
45 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 20,54820.5k $1.5m $1.5m 0.01% Added +2.6k +2,609
46 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 20,11220.1k $1.4m $1.4m 0.00% Added +2.2k +2,202
47 STEEL GROVE CAPITAL ADVISORS, LLC 0.14% of their portfolio MEMPHIS, TN 19,10719.1k $1.4m $1.4m 0.14% Added +27 +27
48 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 18,95119.0k $1.4m $1.4m 0.00% Added +1.5k +1,546
49 Sound View Wealth Advisors Group, LLC 0.09% of their portfolio SAVANNAH, GA 18,47918.5k $1.3m $1.3m 0.09% Added +707 +707
50 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,21216.2k $1.2m $1.2m 0.00% Reduced -2.9k -2,883
51 First Heartland Consultants, Inc. 0.09% of their portfolio LAKE ST. LOUIS, MO 15,87615.9k $1.1m $1.1m 0.09% Added +2.1k +2,126
52 SILVER OAK SECURITIES, INCORPORATED 0.08% of their portfolio JACKSON, TN 15,82115.8k $1.1m $1.1m 0.08% New
53 Intrepid Financial Planning Group LLC 0.41% of their portfolio CARMEL, IN 14,94114.9k $1.1m $1.1m 0.41% Added +331 +331
54 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 14,30014.3k $1.0m $1.0m 0.01% Reduced -1.6k -1,575
55 Compound Planning, Inc. 0.03% of their portfolio NEW YORK, NY 14,29714.3k $1.0m $1.0m 0.03% Reduced -467 -467
56 LaSalle St. Investment Advisors, LLC 0.16% of their portfolio ELMHURST, IL 14,21014.2k $1.0m $1.0m 0.16% Added +817 +817
57 THOROUGHBRED FINANCIAL SERVICES, LLC 0.06% of their portfolio BRENTWOOD, TN 13,59613.6k $975.0k $975.0k 0.06% Reduced -221 -221
58 Perigon Wealth Management, LLC 0.02% of their portfolio SAN FRANCISCO, CA 13,30113.3k $954.6k $954.6k 0.02% Added +655 +655
59 Dala Group, LLC 0.77% of their portfolio HOFFMAN ESTATES, IL 12,34212.3k $885.8k $885.8k 0.77% First filing
60 Integrated Advisors Network LLC 0.04% of their portfolio DALLAS, TX 11,98012.0k $859.8k $859.8k 0.04% Added +2.0k +2,008
61 TITLEIST ASSET MANAGEMENT, LLC 0.07% of their portfolio SAN ANTONIO, TX 11,76511.8k $844.4k $844.4k 0.07% Reduced -5.5k -5,527
62 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 11,69011.7k $839.0k $839.0k 0.03% Reduced -2.6k -2,556
63 COLDSTREAM CAPITAL MANAGEMENT INC 0.01% of their portfolio BELLEVUE, WA 11,65011.7k $836.1k $836.1k 0.01% Unchanged
64 GREAT VALLEY ADVISOR GROUP, INC. 0.02% of their portfolio WILMINGTON, DE 11,58811.6k $831.7k $831.7k 0.02% Added +5.6k +5,624
65 Signal Advisors Wealth, LLC 0.07% of their portfolio DETROIT, MI 11,49611.5k $825.1k $825.1k 0.07% Added +5.7k +5,730
66 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 11,33711.3k $813.7k $813.7k 0.00% Added +3 +3
67 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,24611.2k $807.1k $807.1k 0.00% Added +4.9k +4,900
68 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,30310.3k $745.6k $745.6k 0.00% Added +1.6k +1,557
69 Keystone Financial Group 0.05% of their portfolio LEXINGTON, KY 10,13310.1k $727.2k $727.2k 0.05% Reduced -387 -387
70 RIA Advisory Group LLC 0.17% of their portfolio Des Moines, IA 9,8149.8k $704.3k $704.3k 0.17% Reduced -2.0k -2,032
71 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 9,6139.6k $689.9k $689.9k 0.00% Reduced -5.1k -5,123
72 Spire Wealth Management 0.02% of their portfolio MCLEAN, VA 9,5649.6k $686.4k $686.4k 0.02% Added +35 +35
73 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 9,2869.3k $666.5k $666.5k 0.01% Added +1.1k +1,113
74 Richmond Investment Services, LLC 0.11% of their portfolio Mequon, WI 9,1959.2k $659.9k $659.9k 0.11% Reduced -2.2k -2,191
75 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 8,8908.9k $510.4k $510.4k 0.01% Added +3.1k +3,145
76 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 7,9327.9k $569.3k $569.3k 0.00% New
77 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 7,5367.5k $540.9k $540.9k 0.01% Reduced -194 -194
78 Arax Advisory Partners 0.02% of their portfolio NEW YORK, NY 7,5287.5k $540.3k $540.3k 0.02% Reduced -2.2k -2,216
79 Corps Capital Advisors, LLC 0.55% of their portfolio SOUTHLAKE, TX 7,3477.3k $527.3k $527.3k 0.55% Added +629 +629
80 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 7,2617.3k $521.1k $521.1k 0.01% Added +1.4k +1,393
81 CoreCap Advisors, LLC 0.02% of their portfolio SOUTHFIELD, MI 7,1727.2k $514.7k $514.7k 0.02% Reduced -637 -637
82 Bison Wealth, LLC 0.05% of their portfolio ATLANTA, GA 6,8736.9k $455.1k $455.1k 0.05% Added +737 +737
83 TRUE Private Wealth Advisors 0.05% of their portfolio Salem, OR 6,5736.6k $471.7k $471.7k 0.05% Added +13 +13
84 Brookwood Investment Group LLC 0.06% of their portfolio PHOENIX, AZ 6,5266.5k $468.4k $468.4k 0.06% Added +112 +112
85 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 6,0706.1k $435.6k $435.6k 0.00% New
86 Glassman Wealth Services 0.06% of their portfolio VIENNA, VA 5,9986.0k $430.5k $430.5k 0.06% Added +8 +8
87 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 5,9325.9k $425.7k $425.7k 0.01% Added +707 +707
88 LOWE BROCKENBROUGH & CO INC 0.02% of their portfolio RICHMOND, VA 5,9005.9k $423.4k $423.4k 0.02% Unchanged
89 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 5,8425.8k $419.3k $419.3k 0.00% Added +219 +219
90 Almanack Investment Partners, LLC. 0.07% of their portfolio WAYNE, PA 5,7725.8k $414.3k $414.3k 0.07% Added +75 +75
91 Carrera Capital Advisors 0.07% of their portfolio TROY, MI 5,6005.6k $401.9k $401.9k 0.07% Added +8 +8
92 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 5,5535.6k $398.6k $398.6k 0.00% New
93 Sherman Wealth Management LLC 0.34% of their portfolio GAITHERSBURG, MD 5,5115.5k $395.6k $395.6k 0.34% First filing
94 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 5,4515.5k $391.2k $391.2k 0.01% Added +36 +36
95 HEADINVEST, LLC 0.08% of their portfolio Portland, ME 5,3735.4k $385.6k $385.6k 0.08% Reduced -50 -50
96 HARMONY ASSET MANAGEMENT LLC 0.13% of their portfolio SCOTTSDALE, AZ 5,3015.3k $380.5k $380.5k 0.13% New
97 Concorde Asset Management, LLC 0.15% of their portfolio ANN ARBOR, MI 5,2685.3k $378.1k $378.1k 0.15% Added +1.4k +1,360
98 GK Wealth Management LLC 0.27% of their portfolio RENO, NV 5,1205.1k $367.5k $367.5k 0.27% Added +1.1k +1,057
99 WBI INVESTMENTS, LLC 0.09% of their portfolio RED BANK, NJ 5,0115.0k $359.6k $359.6k 0.09% New
100 B. Riley Wealth Advisors, Inc. 0.02% of their portfolio MEMPHIS, TN 4,9955.0k $358.5k $358.5k 0.02% Added +1.3k +1,290