Vault-13

STARBOARD INVT TR AGOX

ADAPTIVE ALPHA · ETP · CUSIP 85521B742

34 institutional holders -2 vs Q1 2023
5,541,7645.5m shares reported held*
$129.8mreported value*
3 new 8 added 16 reduced 4 sold out net sold ≈ $20.7m (-881.7k 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 ≈ $23.43.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 39Q4 22: 39Q1 23: 36Q2 23: 3434Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202239
Q4 202239
Q1 202336
Q2 202334

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 12 bought or addedQ4 22: 23 cut or sold outQ4 22Q1 23: 15 bought or addedQ1 23: 19 cut or sold outQ1 23Q2 23: 11 bought or addedQ2 23: 20 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221223
Q1 20231519
Q2 20231120

Biggest buyers

KESTRA PRIVATE WEALTH SERVICES, LLC Added +130,511+130.5k
UBS Group AG Added +125,978+126.0k
OSAIC HOLDINGS, INC. Added +95,807+95.8k
Goldstone Financial Group, LLC New +63,102+63.1k
Kestra Advisory Services, LLC Added +46,195+46.2k
Prime Capital Investment Advisors, LLC New +26,576+26.6k
OLD MISSION CAPITAL LLC New +19,368+19.4k
Octavia Wealth Advisors, LLC Added +18,806+18.8k
MML INVESTORS SERVICES, LLC Added +11,770+11.8k
Cetera Advisors LLC Added +7,092+7.1k

Biggest sellers

Ameritas Advisory Services, LLC Reduced -1,091,048-1.1m
WealthPLAN Partners, LLC Reduced -132,552-132.6k
WealthPlan Investment Management, LLC Reduced -78,656-78.7k
ROYAL BANK OF CANADA Reduced -39,819-39.8k
Cetera Advisor Networks LLC Reduced -37,839-37.8k
LPL Financial LLC Reduced -16,212-16.2k
ENVESTNET ASSET MANAGEMENT INC Reduced -8,304-8.3k
Gallagher Fiduciary Advisors, LLC Reduced -5,126-5.1k
NewEdge Advisors, LLC Reduced -4,300-4.3k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -3,981-4.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Kestra Advisory Services, LLC 0.32% of their portfolio AUSTIN, TX 1,376,2041.4m $32.2m $32.2m 0.32% Added +46.2k +46,195
2 Octavia Wealth Advisors, LLC 3.49% of their portfolio CINCINNATI, OH 733,891733.9k $17.2m $17.2m 3.49% Added +18.8k +18,806
3 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 458,210458.2k $10.7m $10.7m 0.00% Reduced -39.8k -39,819
4 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 401,317401.3k $9.4m $9.4m 0.01% Reduced -16.2k -16,212
5 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 358,821358.8k $8.4m $8.4m 0.00% Reduced -8.3k -8,304
6 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 332,939332.9k $7.8m $7.8m 0.01% Added +95.8k +95,807
7 WealthPLAN Partners, LLC 0.95% of their portfolio OMAHA, NE 286,696286.7k $6.7m $6.7m 0.95% Reduced -132.6k -132,552
8 Stratos Wealth Partners, LTD. 0.13% of their portfolio BEACHWOOD, OH 250,322250.3k $5.9m $5.9m 0.13% Added +4.3k +4,257
9 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 166,076166.1k $3.9m $3.9m 0.03% Reduced -37.8k -37,839
10 KESTRA PRIVATE WEALTH SERVICES, LLC 0.12% of their portfolio AUSTIN, TX 144,961145.0k $3.4m $3.4m 0.12% Added +130.5k +130,511
11 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 142,318142.3k $3.3m $3.3m 0.02% Added +11.8k +11,770
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 141,431141.4k $3.3m $3.3m 0.00% Added +126.0k +125,978
13 Cetera Advisors LLC 0.05% of their portfolio DENVER, CO 138,937138.9k $3.3m $3.3m 0.05% Added +7.1k +7,092
14 WealthPlan Investment Management, LLC 0.88% of their portfolio OMAHA, NE 125,738125.7k $2.9m $2.9m 0.88% Reduced -78.7k -78,656
15 Goldstone Financial Group, LLC 0.44% of their portfolio OAKBROOK TERRACE, IL 63,10263.1k $1.5m $1.5m 0.44% New
16 NFSG Corp 0.69% of their portfolio BOCA RATON, FL 60,16760.2k $1.4m $1.4m 0.69% Reduced -2.6k -2,594
17 LINCOLN NATIONAL CORP 0.03% of their portfolio RADNOR, PA 55,33255.3k $1.3m $1.3m 0.03% Reduced -2.4k -2,369
18 Empirical Asset Management, LLC 0.81% of their portfolio WELLESLEY, MA 39,28139.3k $920.4k $920.4k 0.81% Reduced -1.3k -1,267
19 Gallagher Fiduciary Advisors, LLC 0.06% of their portfolio ROLLING MEADOWS, IL 33,19533.2k $777.8k $777.8k 0.06% Reduced -5.1k -5,126
20 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 31,17931.2k $730.5k $730.5k 0.01% Reduced -1.5k -1,532
21 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 27,97228.0k $655.4k $655.4k 0.01% Reduced -4.3k -4,300
22 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 26,57626.6k $622.7k $622.7k 0.01% New
23 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 25,53425.5k $598.0k $598.0k 0.00% Reduced -4.0k -3,981
24 FIRETHORN WEALTH PARTNERS, LLC 0.45% of their portfolio AUGUSTA, GA 25,47025.5k $596.8k $596.8k 0.45% Reduced -3.0k -3,000
25 Ameritas Advisory Services, LLC 0.08% of their portfolio Lincoln, NE 25,22425.2k $583.6k $583.6k 0.08% Reduced -1.1m -1,091,048
26 Avior Wealth Management, LLC 0.04% of their portfolio OMAHA, NE 24,01124.0k $562.6k $562.6k 0.04% Unchanged
27 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 19,36819.4k $453.8k $453.8k 0.02% New
28 WEBSTER BANK, N. A. 0.03% of their portfolio WATERBURY, CT 10,49710.5k $245.9k $245.9k 0.03% Unchanged
29 CENTAURUS FINANCIAL, INC. 0.02% of their portfolio ANAHEIM, CA 10,15110.2k $238.0k $238.0k 0.02% Reduced -600 -600
30 EverSource Wealth Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 4,0764.1k $95.5k $95.5k 0.01% Unchanged
31 Savior LLC 0.24% of their portfolio WELLESLEY HILLS, MA 2,5112.5k $58.8k $58.8k 0.24% Unchanged
32 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 255255 $6.0k $6.0k 0.00% Not comparable
33 Hexagon Capital Partners LLC 0.00% of their portfolio ROGERS, AR 22 $47 $47 0.00% Unchanged
34 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged