Vault-13

STRATEGY SHS SSUS

DAY HAGAN NED · ETP · CUSIP 86280R803

68 institutional holders +0 vs Q3 2025
9,081,1399.1m shares reported held*
$442.9mreported value*
5 new 24 added 26 reduced 6 sold out net bought ≈ $705.1k (+14.5k 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $48.77.

Trends to Q4 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: 68Q4 25: 6868Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202568

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 24: 40 bought or addedQ1 24: 39 cut or sold outQ2 24: 27 bought or addedQ2 24: 46 cut or sold outQ2 24Q3 24: 23 bought or addedQ3 24: 43 cut or sold outQ4 24: 31 bought or addedQ4 24: 32 cut or sold outQ4 24Q1 25: 22 bought or addedQ1 25: 42 cut or sold outQ2 25: 12 bought or addedQ2 25: 49 cut or sold outQ2 25Q3 25: 24 bought or addedQ3 25: 35 cut or sold outQ4 25: 29 bought or addedQ4 25: 32 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244039
Q2 20242746
Q3 20242343
Q4 20243132
Q1 20252242
Q2 20251249
Q3 20252435
Q4 20252932

Biggest buyers

AlphaCore Capital LLC New +185,892+185.9k
Vise Technologies, Inc. Added +80,784+80.8k
GTS SECURITIES LLC Added +30,407+30.4k
Vestmark Advisory Solutions, Inc. Added +18,326+18.3k
ELEVATION POINT WEALTH PARTNERS, LLC Added +18,291+18.3k
RAYMOND JAMES FINANCIAL INC Added +12,196+12.2k
GOLDMAN SACHS GROUP INC Added +11,835+11.8k
CITIGROUP INC New +11,196+11.2k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +8,977+9.0k
JPMORGAN CHASE & CO New +6,200+6.2k

Biggest sellers

MORGAN STANLEY Reduced -121,121-121.1k
Prospera Financial Services Inc Reduced -79,727-79.7k
CWM, LLC Reduced -68,355-68.4k
Integrated Wealth Concepts LLC Reduced -41,006-41.0k
Virtu Financial LLC Reduced -21,023-21.0k
OneDigital Investment Advisors LLC Reduced -17,921-17.9k
CITADEL ADVISORS LLC Sold out -14,126-14.1k
Steward Partners Investment Advisory, LLC Reduced -4,602-4.6k
LPL Financial LLC Reduced -4,573-4.6k
Sylvest Advisors, LLC Reduced -4,385-4.4k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,248,9961.2m $60.9m $60.9m 0.02% Added +12.2k +12,196
2 Ashton Thomas Private Wealth, LLC 1.36% of their portfolio SCOTTSDALE, AZ 1,145,2691.1m $55.8m $55.8m 1.36% Added +989 +989
3 Integrated Wealth Concepts LLC 0.55% of their portfolio WALTHAM, MA 947,804947.8k $46.2m $46.2m 0.55% Reduced -41.0k -41,006
4 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 819,500819.5k $40.0m $40.0m 0.01% Reduced -2.3k -2,290
5 Prospera Financial Services Inc 0.54% of their portfolio Dallas, TX 680,543680.5k $33.2m $33.2m 0.54% Reduced -79.7k -79,727
6 CWM, LLC 0.09% of their portfolio OMAHA, NE 668,637668.6k $32.6m $32.6m 0.09% Reduced -68.4k -68,355
7 IHT Wealth Management, LLC 0.61% of their portfolio Chicago, IL 513,817513.8k $25.0m $25.0m 0.61% Reduced -4.0k -3,960
8 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 383,269383.3k $18.7m $18.7m 0.01% Reduced -4.6k -4,573
9 Pacific Sage Partners, LLC 2.84% of their portfolio EDMONDS, WA 367,796367.8k $17.9m $17.9m 2.84% Added +5.1k +5,096
10 OneDigital Investment Advisors LLC 0.17% of their portfolio OVERLAND PARK, KS 362,848362.8k $17.7m $17.7m 0.17% Reduced -17.9k -17,921
11 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 198,567198.6k $9.8m $9.8m 0.01% Added +9.0k +8,977
12 AlphaCore Capital LLC 0.20% of their portfolio LA JOLLA, CA 185,892185.9k $9.1m $9.1m 0.20% New
13 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 169,319169.3k $8.3m $8.3m 0.05% Reduced -4.6k -4,602
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 148,868148.9k $7.3m $7.3m 0.00% Reduced -121.1k -121,121
15 SkyOak Wealth, LLC 1.29% of their portfolio SOUTHFIELD, MI 147,060147.1k $7.2m $7.2m 1.29% Reduced -1.7k -1,718
16 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 118,126118.1k $5.8m $5.8m 0.01% Reduced -416 -416
17 J2 Capital Management Inc 3.85% of their portfolio TROY, MI 108,290108.3k $5.3m $5.3m 3.85% Added +2.1k +2,095
18 Vise Technologies, Inc. 0.09% of their portfolio NEW YORK, NY 93,69593.7k $4.6m $4.6m 0.09% Added +80.8k +80,784
19 Independent Wealth Advisors LLC 3.83% of their portfolio CARY, NC 75,34775.3k $3.7m $3.7m 3.83% First filing
20 Discipline Wealth Solutions, LLC 0.63% of their portfolio GREENVILLE, SC 69,90569.9k $3.4m $3.4m 0.63% Added +2.9k +2,924
21 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 56,49956.5k $2.8m $2.8m 0.01% Reduced -76 -76
22 ROMAN BUTLER FULLERTON & CO 0.69% of their portfolio ST LOUIS, MO 53,59153.6k $2.6m $2.6m 0.69% Reduced -375 -375
23 GTS SECURITIES LLC 0.08% of their portfolio NEW YORK, NY 47,64447.6k $2.3m $2.3m 0.08% Added +30.4k +30,407
24 Vestmark Advisory Solutions, Inc. 0.03% of their portfolio Wakefield, MA 45,97946.0k $2.2m $2.2m 0.03% Added +18.3k +18,326
25 ELEVATION POINT WEALTH PARTNERS, LLC 0.11% of their portfolio DENVER, CO 45,94445.9k $2.2m $2.2m 0.11% Added +18.3k +18,291
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 45,65745.7k $2.2m $2.2m 0.00% Added +11.8k +11,835
27 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 43,66243.7k $2.1m $2.1m 0.00% Added +86 +86
28 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 37,12937.1k $1.8m $1.8m 0.01% Unchanged
29 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 30,17630.2k $1.5m $1.5m 0.00% Reduced -306 -306
30 Destiny Wealth Partners, LLC 0.12% of their portfolio TAVARES, FL 20,76620.8k $1.0m $1.0m 0.12% Unchanged
31 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 19,61919.6k $956.4k $956.4k 0.00% Added +22 +22
32 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 17,51017.5k $853.7k $853.7k 0.00% Reduced -228 -228
33 Keating Financial Advisory Services, Inc. 0.11% of their portfolio MANHATTAN, KS 16,52216.5k $805.5k $805.5k 0.11% First filing
34 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 14,56114.6k $709.9k $709.9k 0.00% Added +1 +1
35 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 13,37413.4k $652.0k $652.0k 0.00% Added +3.6k +3,567
36 ARQ WEALTH ADVISORS, LLC 0.17% of their portfolio SCOTTSDALE, AZ 13,17113.2k $642.1k $642.1k 0.17% Reduced -473 -473
37 Signal Advisors Wealth, LLC 0.05% of their portfolio DETROIT, MI 12,65312.7k $616.8k $616.8k 0.05% Added +2.1k +2,122
38 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11,19611.2k $545.8k $545.8k 0.00% New
39 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 9,95910.0k $485.5k $485.5k 0.01% Added +48 +48
40 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 9,2959.3k $453.1k $453.1k 0.00% Added +1.1k +1,109
41 MGB Wealth Management, LLC 0.11% of their portfolio ADDISON, TX 8,0368.0k $391.7k $391.7k 0.11% Added +17 +17
42 Leonard Rickey Investment Advisors P.L.L.C. 0.07% of their portfolio YAKIMA, WA 7,5377.5k $367.4k $367.4k 0.07% Reduced -30 -30
43 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 7,0007.0k $341.2k $341.2k 0.00% Unchanged
44 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 6,7756.8k $330.3k $330.3k 0.00% Added +62 +62
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,2006.2k $302.3k $302.3k 0.00% New
46 HERITAGE OAK WEALTH ADVISORS LLC 0.11% of their portfolio SANTA ROSA BEACH, FL 6,1186.1k $298.3k $298.3k 0.11% Added +1.0k +1,036
47 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 6,0336.0k $298.7k $298.7k 0.00% New
48 Tailwinds Wealth, LLC 0.31% of their portfolio VADNAIS HEIGHTS, MN 5,8955.9k $287.4k $287.4k 0.31% First filing
49 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 5,8225.8k $283.8k $283.8k 0.00% Reduced -2.7k -2,696
50 Sylvest Advisors, LLC 0.15% of their portfolio DALLAS, TX 5,6975.7k $277.7k $277.7k 0.15% Reduced -4.4k -4,385
51 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 5,6785.7k $276.8k $276.8k 0.00% Added +29 +29
52 Virtu Financial LLC 0.01% of their portfolio New York, NY 5,3815.4k $262.0k $262.0k 0.01% Reduced -21.0k -21,023
53 Accurate Wealth Management, LLC 0.03% of their portfolio WESLEY CHAPEL, FL 5,2695.3k $261.9k $261.9k 0.03% Reduced -187 -187
54 Freedom Investment Management, Inc. 0.07% of their portfolio SOUTH WINDSOR, CT 4,9034.9k $239.0k $239.0k 0.07% Reduced -16 -16
55 WEALTH EFFECTS LLC 0.07% of their portfolio BOSTON, MA 4,5894.6k $223.7k $223.7k 0.07% Reduced -999 -999
56 Palumbo Wealth Management LLC 0.05% of their portfolio GREAT NECK, NY 4,2664.3k $208.0k $208.0k 0.05% Reduced -688 -688
57 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,3363.3k $162.6k $162.6k 0.00% Unchanged
58 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,0872.1k $101.7k $101.7k 0.00% Reduced -229 -229
59 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 1,6361.6k $79.8k $79.8k 0.00% Unchanged
60 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,1791.2k $57.5k $57.5k 0.00% Added +5 +5
61 GABLES CAPITAL MANAGEMENT INC. 0.02% of their portfolio MIAMI, FL 1,1491.1k $56.0k $56.0k 0.02% Unchanged
62 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 840840 $41.0k $41.0k 0.00% Unchanged
63 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 810810 $39.5k $39.5k 0.00% Unchanged
64 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 759759 $37.0k $37.0k 0.00% Unchanged
65 Accordant Advisory Group Inc 0.03% of their portfolio ANNAPOLIS, MD 755755 $36.8k $36.8k 0.03% New
66 UBS Group AG 0.00% of their portfolio ZURICH, V8 577577 $28.1k $28.1k 0.00% Reduced -1.1k -1,085
67 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 208208 $10.1k $10.1k 0.00% Unchanged
68 Truvestments Capital LLC 0.00% of their portfolio SARASOTA, FL 9393 $4.5k $4.5k 0.00% Added +43 +43