Vault-13

TEUCRIUM COMMODITY TR CORN

CORN FD SHS · ETP · CUSIP 88166A102

22 institutional holders -3 vs Q3 2025
444,416444.4k shares reported held*
$7.9mreported value*
2 new 3 added 9 reduced 6 sold out net bought ≈ $2.0m (+111.8k 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 ≈ $17.73. Options: 5 managers hold calls ($2.6m notional), 1 hold puts ($21.3k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 57Q4 22: 48Q1 23: 45Q2 23: 36Q3 23: 36Q4 23: 31Q1 24: 31Q2 24: 29Q3 24: 23Q4 24: 28Q1 25: 22Q2 25: 21Q3 25: 25Q4 25: 2222Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202257
Q4 202248
Q1 202345
Q2 202336
Q3 202336
Q4 202331
Q1 202431
Q2 202429
Q3 202423
Q4 202428
Q1 202522
Q2 202521
Q3 202525
Q4 202522

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 24: 11 bought or addedQ1 24: 17 cut or sold outQ2 24: 10 bought or addedQ2 24: 14 cut or sold outQ2 24Q3 24: 7 bought or addedQ3 24: 14 cut or sold outQ4 24: 14 bought or addedQ4 24: 7 cut or sold outQ4 24Q1 25: 7 bought or addedQ1 25: 16 cut or sold outQ2 25: 9 bought or addedQ2 25: 8 cut or sold outQ2 25Q3 25: 11 bought or addedQ3 25: 9 cut or sold outQ4 25: 5 bought or addedQ4 25: 15 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241117
Q2 20241014
Q3 2024714
Q4 2024147
Q1 2025716
Q2 202598
Q3 2025119
Q4 2025515

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6mQ1 25 calls: $4.0mQ1 25 puts: $206.0kQ1 25P/C 0.05Q2 25 calls: $5.5mQ2 25 puts: $200.0kQ2 25P/C 0.04Q3 25 calls: $1.4mQ3 25 puts: $181.5kQ3 25P/C 0.13Q4 25 calls: $2.6mQ4 25 puts: $21.3kQ4 25P/C 0.01
Numbers
QuarterCallsPutsP/C
Q1 2025$4.0m$206.0k0.05
Q2 2025$5.5m$200.0k0.04
Q3 2025$1.4m$181.5k0.13
Q4 2025$2.6m$21.3k0.01

Biggest buyers

Militia Capital Partners, LP New +97,600+97.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +49,538+49.5k
CITADEL ADVISORS LLC Added +24,038+24.0k
FLOW TRADERS U.S. LLC Added +1,627+1.6k
UBS Group AG New +491+491

Biggest sellers

Mirae Asset Global Investments Co., Ltd. Reduced -17,500-17.5k
Rockefeller Capital Management L.P. Reduced -15,208-15.2k
SIMPLEX TRADING, LLC Sold out -8,861-8.9k
LPL Financial LLC Reduced -8,352-8.4k
JPMORGAN CHASE & CO Reduced -5,484-5.5k
NewEdge Advisors, LLC Sold out -1,200-1.2k
MORGAN STANLEY Reduced -1,160-1.2k
HARBOUR INVESTMENTS, INC. Reduced -1,020-1.0k
Cetera Investment Advisers Reduced -746-746
Wealthspire Advisors, LLC Sold out -595-595

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.4m81.1k shares
CITADEL ADVISORS LLC New $377.6k21.3k shares
JANE STREET GROUP, LLC Reduced $312.0k17.6k shares
GROUP ONE TRADING LLC Unchanged $244.7k13.8k shares
IMC-Chicago, LLC New $225.2k12.7k shares

Biggest puts

GROUP ONE TRADING LLC Added $21.3k1.2k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: HIGHLAND GLOBAL ALLOCATION FUND (0.0%, 2025-11-14)

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Militia Capital Partners, LP 0.33% of their portfolio AUSTIN, TX 97,60097.6k $1.7m $1.7m 0.33% New
2 Teucrium Investment Advisors, LLC 1.74% of their portfolio BURLINGTON, VT 89,21389.2k $1.6m $1.6m 1.74% First filing
3 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 66,09666.1k $1.2m $1.2m 0.00% Added +49.5k +49,538
4 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 60,00060.0k $1.1m $1.1m 0.00% Reduced -17.5k -17,500
5 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 34,56434.6k $612.8k $612.8k 0.00% Added +24.0k +24,038
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 24,88624.9k $441.2k $441.2k 0.00% Reduced -8.4k -8,352
7 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 20,05520.1k $356.0k $356.0k 0.01% Added +1.6k +1,627
8 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 13,27113.3k $235.3k $235.3k 0.00% Reduced -746 -746
9 Mariner, LLC 0.00% of their portfolio Overland Park, KS 11,91911.9k $211.3k $211.3k 0.00% Unchanged
10 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 10,38510.4k $184.1k $184.1k 0.00% Reduced -15.2k -15,208
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,4845.5k $97.2k $97.2k 0.00% Reduced -5.5k -5,484
12 Safe Harbor Fiduciary, LLC 0.06% of their portfolio PENSACOLA, FL 3,7003.7k $65.6k $65.6k 0.06% First filing
13 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 2,6142.6k $46.3k $46.3k 0.00% Reduced -547 -547
14 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 1,9992.0k $35.4k $35.4k 0.00% Reduced -1.0k -1,020
15 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 792792 $14.0k $14.0k 0.00% Reduced -154 -154
16 CWM, LLC 0.00% of their portfolio OMAHA, NE 591591 $10.0k $10.0k 0.00% Unchanged
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 491491 $8.7k $8.7k 0.00% New
18 Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio ORLAND PARK, IL 400400 $7.1k $7.1k 0.00% Unchanged
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 100100 $1.8k $1.8k 0.00% Reduced -1.2k -1,160
20 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 100100 $1.7k $1.7k 0.00% Unchanged
21 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 8080 $1.4k $1.4k 0.00% Unchanged
22 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 7676 $1.3k $1.3k 0.00% Unchanged