Vault-13

STRATEGY SHS SSUS

DAY HAGAN NED · ETP · CUSIP 86280R803

68 institutional holders +6 vs Q2 2025
9,850,4269.9m shares reported held*
$475.9mreported value*
10 new 14 added 32 reduced 3 sold out net sold ≈ $41.9m (-867.1k 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $48.31.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 51Q4 22: 54Q1 23: 51Q2 23: 59Q3 23: 65Q4 23: 70Q1 24: 77Q2 24: 71Q3 24: 65Q4 24: 71Q1 25: 71Q2 25: 62Q3 25: 6868Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202251
Q4 202254
Q1 202351
Q2 202359
Q3 202365
Q4 202370
Q1 202477
Q2 202471
Q3 202465
Q4 202471
Q1 202571
Q2 202562
Q3 202568

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 23: 31 bought or addedQ4 23: 38 cut or sold outQ1 24: 40 bought or addedQ1 24: 39 cut or sold outQ1 24Q2 24: 27 bought or addedQ2 24: 46 cut or sold outQ3 24: 23 bought or addedQ3 24: 43 cut or sold outQ3 24Q4 24: 31 bought or addedQ4 24: 32 cut or sold outQ1 25: 22 bought or addedQ1 25: 42 cut or sold outQ1 25Q2 25: 12 bought or addedQ2 25: 49 cut or sold outQ3 25: 24 bought or addedQ3 25: 35 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20233138
Q1 20244039
Q2 20242746
Q3 20242343
Q4 20243132
Q1 20252242
Q2 20251249
Q3 20252435

Biggest buyers

Ashton Thomas Private Wealth, LLC Added +649,140+649.1k
GOLDMAN SACHS GROUP INC New +33,822+33.8k
ELEVATION POINT WEALTH PARTNERS, LLC New +27,653+27.7k
Vestmark Advisory Solutions, Inc. New +27,653+27.7k
CITADEL ADVISORS LLC New +14,126+14.1k
Discipline Wealth Solutions, LLC Added +13,449+13.4k
Virtu Financial LLC Added +12,381+12.4k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +12,369+12.4k
Cambridge Investment Research Advisors, Inc. Added +12,135+12.1k
ROMAN BUTLER FULLERTON & CO Added +7,401+7.4k

Biggest sellers

ROYAL BANK OF CANADA Reduced -839,328-839.3k
RAYMOND JAMES FINANCIAL INC Reduced -124,637-124.6k
Integrated Wealth Concepts LLC Reduced -119,513-119.5k
Encompass More Asset Management Sold out -92,781-92.8k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -86,097-86.1k
Vise Technologies, Inc. Reduced -83,800-83.8k
Freedom Investment Management, Inc. Reduced -69,191-69.2k
MORGAN STANLEY Reduced -47,491-47.5k
Pacific Sage Partners, LLC Reduced -46,436-46.4k
CWM, LLC Reduced -32,861-32.9k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,236,8001.2m $59.7m $59.7m 0.02% Reduced -124.6k -124,637
2 Ashton Thomas Private Wealth, LLC 1.43% of their portfolio SCOTTSDALE, AZ 1,144,2801.1m $55.3m $55.3m 1.43% Added +649.1k +649,140
3 Integrated Wealth Concepts LLC 0.43% of their portfolio WALTHAM, MA 988,810988.8k $47.8m $47.8m 0.43% Reduced -119.5k -119,513
4 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 821,790821.8k $39.7m $39.7m 0.01% Reduced -839.3k -839,328
5 Prospera Financial Services Inc 0.63% of their portfolio Dallas, TX 760,270760.3k $36.7m $36.7m 0.63% Reduced -31.6k -31,553
6 CWM, LLC 0.11% of their portfolio OMAHA, NE 736,992737.0k $35.6m $35.6m 0.11% Reduced -32.9k -32,861
7 Donald L. Hagan, LLC 16.12% of their portfolio Sarasota, FL 679,682679.7k $32.8m $32.8m 16.12% Reduced -20.4k -20,405
8 IHT Wealth Management, LLC 0.63% of their portfolio Chicago, IL 517,777517.8k $25.0m $25.0m 0.63% Reduced -6.1k -6,051
9 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 387,842387.8k $18.7m $18.7m 0.01% Reduced -5.4k -5,388
10 OneDigital Investment Advisors LLC 0.19% of their portfolio OVERLAND PARK, KS 380,769380.8k $18.4m $18.4m 0.19% Reduced -8.8k -8,790
11 Pacific Sage Partners, LLC 2.93% of their portfolio EDMONDS, WA 362,700362.7k $17.5m $17.5m 2.93% Reduced -46.4k -46,436
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 269,989270.0k $13.0m $13.0m 0.00% Reduced -47.5k -47,491
13 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 189,590189.6k $9.2m $9.2m 0.01% Added +12.4k +12,369
14 SPC Financial, Inc. 0.69% of their portfolio ROCKVILLE, MD 183,542183.5k $8.9m $8.9m 0.69% Added +3.5k +3,488
15 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 173,921173.9k $8.4m $8.4m 0.05% Added +247 +247
16 SkyOak Wealth, LLC 1.36% of their portfolio SOUTHFIELD, MI 148,778148.8k $7.2m $7.2m 1.36% Reduced -11.2k -11,223
17 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 118,542118.5k $5.7m $5.7m 0.01% Reduced -86.1k -86,097
18 J2 Capital Management Inc 3.86% of their portfolio TROY, MI 106,195106.2k $5.1m $5.1m 3.86% Reduced -129 -129
19 Discipline Wealth Solutions, LLC 0.85% of their portfolio GREENVILLE, SC 66,98167.0k $3.2m $3.2m 0.85% Added +13.4k +13,449
20 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 56,57556.6k $2.7m $2.7m 0.01% Added +12.1k +12,135
21 ROMAN BUTLER FULLERTON & CO 0.71% of their portfolio ST LOUIS, MO 53,96654.0k $2.7m $2.7m 0.71% Added +7.4k +7,401
22 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 43,57643.6k $2.1m $2.1m 0.00% Added +556 +556
23 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 37,12937.1k $1.8m $1.8m 0.01% Unchanged
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 33,82233.8k $1.6m $1.6m 0.00% New
25 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 30,48230.5k $1.5m $1.5m 0.00% Reduced -210 -210
26 Vestmark Advisory Solutions, Inc. 0.03% of their portfolio Wakefield, MA 27,65327.7k $1.3m $1.3m 0.03% New
27 ELEVATION POINT WEALTH PARTNERS, LLC 0.09% of their portfolio DENVER, CO 27,65327.7k $1.3m $1.3m 0.09% New
28 Virtu Financial LLC 0.07% of their portfolio New York, NY 26,40426.4k $1.3m $1.3m 0.07% Added +12.4k +12,381
29 Destiny Wealth Partners, LLC 0.12% of their portfolio TAVARES, FL 20,76620.8k $1.0m $1.0m 0.12% Unchanged
30 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 19,59719.6k $946.7k $946.7k 0.00% Reduced -5.2k -5,245
31 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 17,73817.7k $851.2k $851.2k 0.00% Reduced -436 -436
32 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 17,23717.2k $832.7k $832.7k 0.03% Added +2.7k +2,745
33 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 14,56014.6k $703.4k $703.4k 0.00% Unchanged
34 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 14,12614.1k $682.4k $682.4k 0.00% New
35 ARQ WEALTH ADVISORS, LLC 0.20% of their portfolio SCOTTSDALE, AZ 13,64413.6k $659.1k $659.1k 0.20% Reduced -3.8k -3,754
36 Vise Technologies, Inc. 0.02% of their portfolio NEW YORK, NY 12,91112.9k $623.7k $623.7k 0.02% Reduced -83.8k -83,800
37 Signal Advisors Wealth, LLC 0.05% of their portfolio DETROIT, MI 10,53110.5k $508.7k $508.7k 0.05% Added +5.6k +5,591
38 Sylvest Advisors, LLC 0.26% of their portfolio DALLAS, TX 10,08210.1k $487.0k $487.0k 0.26% Reduced -5.6k -5,615
39 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 9,9119.9k $478.8k $478.8k 0.01% Reduced -411 -411
40 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 9,8079.8k $473.8k $473.8k 0.00% Reduced -499 -499
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 8,5188.5k $411.5k $411.5k 0.00% Reduced -15.5k -15,514
42 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 8,1868.2k $395.4k $395.4k 0.00% Added +137 +137
43 MGB Wealth Management, LLC 0.11% of their portfolio ADDISON, TX 8,0198.0k $387.4k $387.4k 0.11% Reduced -917 -917
44 Leonard Rickey Investment Advisors P.L.L.C. 0.07% of their portfolio YAKIMA, WA 7,5677.6k $365.6k $365.6k 0.07% Added +11 +11
45 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 7,0007.0k $338.1k $338.1k 0.00% Unchanged
46 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 6,7136.7k $324.3k $324.3k 0.00% Reduced -21.4k -21,356
47 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 5,6495.6k $272.9k $272.9k 0.00% Unchanged
48 WEALTH EFFECTS LLC 0.09% of their portfolio BOSTON, MA 5,5885.6k $269.9k $269.9k 0.09% Reduced -1.0k -1,008
49 Accurate Wealth Management, LLC 0.03% of their portfolio WESLEY CHAPEL, FL 5,4565.5k $261.9k $261.9k 0.03% Reduced -104 -104
50 HERITAGE OAK WEALTH ADVISORS LLC 0.09% of their portfolio SANTA ROSA BEACH, FL 5,0825.1k $245.5k $245.5k 0.09% Reduced -1.4k -1,445
51 Palumbo Wealth Management LLC 0.08% of their portfolio GREAT NECK, NY 4,9545.0k $239.3k $239.3k 0.08% Reduced -2.9k -2,920
52 Freedom Investment Management, Inc. 0.06% of their portfolio SOUTH WINDSOR, CT 4,9194.9k $237.6k $237.6k 0.06% Reduced -69.2k -69,191
53 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,3363.3k $161.2k $161.2k 0.00% Unchanged
54 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,3162.3k $111.9k $111.9k 0.00% Reduced -197 -197
55 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,6621.7k $80.3k $80.3k 0.00% Added +1.3k +1,282
56 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 1,6361.6k $79.0k $79.0k 0.00% Unchanged
57 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,1741.2k $56.7k $56.7k 0.00% Unchanged
58 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,1621.2k $56.1k $56.1k 0.00% New
59 GABLES CAPITAL MANAGEMENT INC. 0.02% of their portfolio MIAMI, FL 1,1491.1k $55.5k $55.5k 0.02% Unchanged
60 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,0311.0k $49.8k $49.8k 0.00% New
61 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 840840 $40.6k $40.6k 0.00% New
62 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 827827 $40.0k $40.0k 0.00% New
63 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 810810 $39.1k $39.1k 0.00% Unchanged
64 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 759759 $36.7k $36.7k 0.00% Reduced -64 -64
65 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 208208 $10.0k $10.0k 0.00% New
66 Truvestments Capital LLC 0.00% of their portfolio SARASOTA, FL 5050 $2.4k $2.4k 0.00% Unchanged
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 4141 $2.0k $2.0k 0.00% New
68 Financial Gravity Asset Management, Inc. 0.00% of their portfolio Lakeway, TX 77 $338 $338 0.00% First filing