Vault-13

SERIES PORTFOLIOS TR ADPV

ADAPTIV SELECT · ETP · CUSIP 81752T536

13 institutional holders -2 vs Q2 2025
3,092,7273.1m shares reported held*
$131.3mreported value*
3 new 4 added 3 reduced 4 sold out net bought ≈ $1.2m (+27.1k 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 ≈ $42.47.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

051015Q4 22: 2Q1 23: 4Q2 23: 5Q3 23: 6Q4 23: 6Q1 24: 5Q2 24: 7Q3 24: 9Q4 24: 9Q1 25: 11Q2 25: 15Q3 25: 1313Q4 22Q3 23Q2 24Q1 25Q3 25
Numbers
QuarterHolders
Q4 20222
Q1 20234
Q2 20235
Q3 20236
Q4 20236
Q1 20245
Q2 20247
Q3 20249
Q4 20249
Q1 202511
Q2 202515
Q3 202513

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 23: 2 bought or addedQ4 23: 3 cut or sold outQ1 24: 4 bought or addedQ1 24: 2 cut or sold outQ1 24Q2 24: 6 bought or addedQ2 24: 2 cut or sold outQ3 24: 5 bought or addedQ3 24: 4 cut or sold outQ3 24Q4 24: 5 bought or addedQ4 24: 4 cut or sold outQ1 25: 9 bought or addedQ1 25: 3 cut or sold outQ1 25Q2 25: 10 bought or addedQ2 25: 5 cut or sold outQ3 25: 7 bought or addedQ3 25: 7 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202323
Q1 202442
Q2 202462
Q3 202454
Q4 202454
Q1 202593
Q2 2025105
Q3 202577

Biggest buyers

NAPA WEALTH MANAGEMENT New +174,917+174.9k
Client First Investment Management LLC Added +73,025+73.0k
IronBridge Private Wealth, LLC Added +14,978+15.0k
Geneos Wealth Management Inc. New +14,756+14.8k
STEPHENS INC /AR/ Added +10,314+10.3k
WEST MICHIGAN ADVISORS, LLC New +7,884+7.9k
Worth Asset Management, LLC Added +1,149+1.1k

Biggest sellers

ROYAL BANK OF CANADA Reduced -220,996-221.0k
GTS SECURITIES LLC Sold out -24,539-24.5k
Freedom Investment Management, Inc. Sold out -11,134-11.1k
Koshinski Asset Management, Inc. Sold out -8,110-8.1k
BANK OF AMERICA CORP /DE/ Sold out -2,464-2.5k
UBS Group AG Reduced -1,682-1.7k
IFP Advisors, Inc Reduced -1,000-1.0k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Client First Investment Management LLC 49.23% of their portfolio West Bend, WI 2,272,3462.3m $96.5m $96.5m 49.23% Added +73.0k +73,025
2 IronBridge Private Wealth, LLC 4.39% of their portfolio Austin, TX 327,547327.5k $13.9m $13.9m 4.39% Added +15.0k +14,978
3 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 220,304220.3k $9.4m $9.4m 0.00% Reduced -221.0k -220,996
4 NAPA WEALTH MANAGEMENT 3.48% of their portfolio Napa, CA 174,917174.9k $7.4m $7.4m 3.48% New
5 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 49,73049.7k $2.1m $2.1m 0.03% Added +10.3k +10,314
6 Geneos Wealth Management Inc. 0.02% of their portfolio ENGLEWOOD, CO 14,75614.8k $626.7k $626.7k 0.02% New
7 Worth Asset Management, LLC 0.21% of their portfolio DALLAS, TX 11,19711.2k $475.5k $475.5k 0.21% Added +1.1k +1,149
8 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 9,6399.6k $408.6k $408.6k 0.00% Unchanged
9 WEST MICHIGAN ADVISORS, LLC 0.08% of their portfolio HOLLAND, MI 7,8847.9k $334.8k $334.8k 0.08% New
10 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,4502.5k $104.1k $104.1k 0.00% Reduced -1.0k -1,000
11 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 734734 $31.2k $31.2k 0.00% Unchanged
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 623623 $26.5k $26.5k 0.00% Reduced -1.7k -1,682
13 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 600600 $25.5k $25.5k 0.00% Unchanged