Vault-13

TIDAL ETF TR UPAR

UPAR ULTRA RISK · ETP · CUSIP 886364595

8 institutional holders +4 vs Q1 2026
2,156,7602.2m shares reported held*
$34.9mreported value*
5 new 2 added 1 reduced 1 sold out net sold ≈ $7.6m (-467.2k 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 ≈ $16.19.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

051015Q3 22: 6Q4 22: 7Q1 23: 6Q2 23: 9Q3 23: 10Q4 23: 13Q1 24: 6Q2 24: 6Q3 24: 6Q4 24: 7Q1 25: 7Q2 25: 6Q3 25: 4Q4 25: 5Q1 26: 4Q2 26: 88Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 20226
Q4 20227
Q1 20236
Q2 20239
Q3 202310
Q4 202313
Q1 20246
Q2 20246
Q3 20246
Q4 20247
Q1 20257
Q2 20256
Q3 20254
Q4 20255
Q1 20264
Q2 20268

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q3 24: 3 bought or addedQ3 24: 2 cut or sold outQ4 24: 3 bought or addedQ4 24: 5 cut or sold outQ4 24Q1 25: 4 bought or addedQ1 25: 3 cut or sold outQ2 25: 2 bought or addedQ2 25: 4 cut or sold outQ2 25Q3 25: 0 bought or addedQ3 25: 4 cut or sold outQ4 25: 2 bought or addedQ4 25: 4 cut or sold outQ4 25Q1 26: 4 bought or addedQ1 26: 2 cut or sold outQ2 26: 7 bought or addedQ2 26: 2 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202432
Q4 202435
Q1 202543
Q2 202524
Q3 202504
Q4 202524
Q1 202642
Q2 202672

Biggest buyers

MAI Capital Management New +2,064,049+2.1m
ZEGA Investments, LLC New +10,241+10.2k
Farther Finance Advisors, LLC New +8,064+8.1k
TD Waterhouse Canada Inc. New +2,000+2.0k
FIDUCIARY FINANCIAL ADVISORS New +726+726
Brookwood Investment Group LLC Added +432+432
Fermata Advisors, LLC Added +69+69

Biggest sellers

EVOKE WEALTH, LLC Sold out -2,549,846-2.5m
46 Peaks LLC Reduced -2,937-2.9k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MAI Capital Management 0.13% of their portfolio INDEPENDENCE, OH 2,064,0492.1m $33.4m $33.4m 0.13% New
2 46 Peaks LLC 0.49% of their portfolio NEWTOWN, PA 48,09748.1k $778.5k $778.5k 0.49% Reduced -2.9k -2,937
3 Brookwood Investment Group LLC 0.02% of their portfolio PHOENIX, AZ 12,52412.5k $202.8k $202.8k 0.02% Added +432 +432
4 Fermata Advisors, LLC 0.04% of their portfolio SONOMA, CA 11,05911.1k $179.0k $179.0k 0.04% Added +69 +69
5 ZEGA Investments, LLC 0.03% of their portfolio PALM BEACH GARDENS, FL 10,24110.2k $165.8k $165.8k 0.03% New
6 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 8,0648.1k $130.5k $130.5k 0.00% New
7 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 2,0002.0k $32.1k $32.1k 0.00% New
8 FIDUCIARY FINANCIAL ADVISORS 0.00% of their portfolio GRAND RAPIDS, MI 726726 $11.7k $11.7k 0.00% New