Vault-13

STARBOARD INVT TR AGOX

ADAPTIVE ALPHA · ETP · CUSIP 85521B742

49 institutional holders +5 vs Q1 2026
9,060,2919.1m shares reported held*
$314.0mreported value*
12 new 12 added 16 reduced 8 sold out net bought ≈ $8.9m (+258.0k 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 ≈ $34.66.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 39Q4 22: 39Q1 23: 36Q2 23: 34Q3 23: 39Q4 23: 42Q1 24: 39Q2 24: 40Q3 24: 46Q4 24: 51Q1 25: 51Q2 25: 45Q3 25: 49Q4 25: 49Q1 26: 44Q2 26: 4949Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202239
Q4 202239
Q1 202336
Q2 202334
Q3 202339
Q4 202342
Q1 202439
Q2 202440
Q3 202446
Q4 202451
Q1 202551
Q2 202545
Q3 202549
Q4 202549
Q1 202644
Q2 202649

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 23 bought or addedQ3 24: 17 cut or sold outQ4 24: 27 bought or addedQ4 24: 12 cut or sold outQ4 24Q1 25: 23 bought or addedQ1 25: 24 cut or sold outQ2 25: 16 bought or addedQ2 25: 31 cut or sold outQ2 25Q3 25: 28 bought or addedQ3 25: 16 cut or sold outQ4 25: 26 bought or addedQ4 25: 18 cut or sold outQ4 25Q1 26: 14 bought or addedQ1 26: 30 cut or sold outQ2 26: 24 bought or addedQ2 26: 24 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242317
Q4 20242712
Q1 20252324
Q2 20251631
Q3 20252816
Q4 20252618
Q1 20261430
Q2 20262424

Biggest buyers

Ameritas Advisory Services, LLC Added +541,732+541.7k
LPL Financial LLC Added +71,102+71.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +58,735+58.7k
ROYAL BANK OF CANADA Added +36,204+36.2k
OSAIC HOLDINGS, INC. Added +34,587+34.6k
Octavia Wealth Advisors, LLC Added +27,010+27.0k
JPMORGAN CHASE & CO Added +19,676+19.7k
FIRETHORN WEALTH PARTNERS, LLC Added +19,197+19.2k
Kestra Advisory Services, LLC New +10,265+10.3k
PARTNERS WEALTH MANAGEMENT, LLC Added +9,033+9.0k

Biggest sellers

KESTRA PRIVATE WEALTH SERVICES, LLC Reduced -207,936-207.9k
Prosperity Financial Group, Inc. Sold out -116,214-116.2k
WealthPLAN Partners, LLC Reduced -49,213-49.2k
WealthPlan Investment Management, LLC Reduced -41,390-41.4k
UBS Group AG Reduced -40,465-40.5k
ENVESTNET ASSET MANAGEMENT INC Reduced -34,964-35.0k
Foundations Investment Advisors, LLC Sold out -27,031-27.0k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -24,382-24.4k
GTS SECURITIES LLC Sold out -22,869-22.9k
CITADEL ADVISORS LLC Sold out -17,540-17.5k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Berman McAleer LLC 8.94% of their portfolio TIMONIUM, MD 2,226,5812.2m $77.2m $77.2m 8.94% Reduced -9.9k -9,887
2 Ameritas Advisory Services, LLC 1.05% of their portfolio Lincoln, NE 1,496,7651.5m $51.9m $51.9m 1.05% Added +541.7k +541,732
3 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 954,702954.7k $33.1m $33.1m 0.01% Added +36.2k +36,204
4 KESTRA PRIVATE WEALTH SERVICES, LLC 0.27% of their portfolio AUSTIN, TX 698,812698.8k $24.2m $24.2m 0.27% Reduced -207.9k -207,936
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 480,786480.8k $16.7m $16.7m 0.00% Added +71.1k +71,102
6 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 427,633427.6k $14.8m $14.8m 0.01% Reduced -10.5k -10,522
7 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 401,022401.0k $13.9m $13.9m 0.00% Reduced -35.0k -34,964
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 301,095301.1k $10.4m $10.4m 0.00% Reduced -40.5k -40,465
9 Stratos Wealth Partners, LTD. 0.10% of their portfolio BEACHWOOD, OH 278,915278.9k $9.7m $9.7m 0.10% Reduced -349 -349
10 Octavia Wealth Advisors, LLC 0.81% of their portfolio CINCINNATI, OH 271,431271.4k $9.4m $9.4m 0.81% Added +27.0k +27,010
11 PARTNERS WEALTH MANAGEMENT, LLC 7.52% of their portfolio CARMEL BY THE SEA, CA 221,209221.2k $7.7m $7.7m 7.52% Added +9.0k +9,033
12 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 219,294219.3k $7.6m $7.6m 0.01% Added +34.6k +34,587
13 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 174,161174.2k $6.0m $6.0m 0.01% Reduced -24.4k -24,382
14 WealthPlan Investment Management, LLC 0.25% of their portfolio OMAHA, NE 143,079143.1k $5.0m $5.0m 0.25% Reduced -41.4k -41,390
15 Global Retirement Partners, LLC 0.06% of their portfolio San Rafael, CA 112,278112.3k $3.9m $3.9m 0.06% First filing
16 WealthPLAN Partners, LLC 0.56% of their portfolio OMAHA, NE 84,40684.4k $2.9m $2.9m 0.56% Reduced -49.2k -49,213
17 INTEGRITY ALLIANCE, LLC. 0.07% of their portfolio Urbandale, IA 60,73560.7k $2.1m $2.1m 0.07% Added +650 +650
18 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 59,08159.1k $2.0m $2.0m 0.01% Reduced -512 -512
19 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 58,73558.7k $2.0m $2.0m 0.00% New
20 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 58,25658.3k $2.0m $2.0m 0.00% Reduced -300 -300
21 FIRETHORN WEALTH PARTNERS, LLC 0.58% of their portfolio AUGUSTA, GA 51,76851.8k $1.8m $1.8m 0.58% Added +19.2k +19,197
22 Empirical Asset Management, LLC 0.35% of their portfolio WELLESLEY, MA 45,41945.4k $1.6m $1.6m 0.35% Added +378 +378
23 Goldstone Financial Group, LLC 0.09% of their portfolio OAKBROOK TERRACE, IL 29,49229.5k $1.0m $1.0m 0.09% Reduced -1.6k -1,636
24 Avior Wealth Management, LLC 0.02% of their portfolio OMAHA, NE 25,80125.8k $894.3k $894.3k 0.02% Unchanged
25 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 22,83222.8k $791.3k $791.3k 0.01% Reduced -8.1k -8,074
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 21,21221.2k $735.4k $735.4k 0.00% Added +19.7k +19,676
27 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 15,24515.2k $528.4k $528.4k 0.00% Unchanged
28 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 12,34512.3k $427.9k $427.9k 0.00% Reduced -181 -181
29 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 10,50710.5k $364.0k $364.0k 0.01% Reduced -600 -600
30 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 10,26510.3k $355.8k $355.8k 0.00% New
31 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 10,20310.2k $354.0k $354.0k 0.00% Unchanged
32 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 8,9118.9k $308.9k $308.9k 0.01% New
33 TWO SIGMA SECURITIES, LLC 0.02% of their portfolio NEW YORK, NY 8,2648.3k $286.4k $286.4k 0.02% New
34 THOROUGHBRED FINANCIAL SERVICES, LLC 0.01% of their portfolio BRENTWOOD, TN 8,1578.2k $282.0k $282.0k 0.01% New
35 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 7,5517.6k $261.7k $261.7k 0.00% Reduced -854 -854
36 NFSG Corp 0.03% of their portfolio BOCA RATON, FL 7,4067.4k $256.7k $256.7k 0.03% Unchanged
37 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 7,1887.2k $249.1k $249.1k 0.00% New
38 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 6,4956.5k $225.2k $225.2k 0.00% New
39 Ausdal Financial Partners, Inc. 0.01% of their portfolio Davenport, IA 6,1076.1k $211.7k $211.7k 0.01% New
40 Encompass More Asset Management 0.03% of their portfolio Danville, CA 5,9826.0k $207.4k $207.4k 0.03% New
41 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,5823.6k $124.2k $124.2k 0.00% Added +127 +127
42 Heritage Wealth Advisors 0.00% of their portfolio RICHMOND, VA 3,2163.2k $111.5k $111.5k 0.00% New
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,0631.1k $36.9k $36.9k 0.00% Added +27 +27
44 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,0321.0k $35.8k $35.8k 0.00% Unchanged
45 BlackRock, Inc. 0.00% of their portfolio New York, NY 807807 $28.0k $28.0k 0.00% New
46 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 235235 $8.1k $8.1k 0.00% Unchanged
47 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 114114 $4.0k $4.0k 0.00% New
48 Security National Bank 0.00% of their portfolio OMAHA, NE 6868 $2.4k $2.4k 0.00% Unchanged
49 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 4848 $1.7k $1.7k 0.00% Unchanged