Vault-13

TRUST FOR PROFESSIONAL MANAG APIE

ACTIVEPASSIVE EQ · ETP · CUSIP 89834G737

44 institutional holders +5 vs Q1 2025
30,335,08430.3m shares reported held*
$1.0bnreported value*
9 new 14 added 16 reduced 4 sold out net bought ≈ $5.9m (+175.9k 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 ≈ $33.33.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 23: 6Q3 23: 10Q4 23: 11Q1 24: 14Q2 24: 24Q3 24: 25Q4 24: 37Q1 25: 39Q2 25: 4444Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q2 20236
Q3 202310
Q4 202311
Q1 202414
Q2 202424
Q3 202425
Q4 202437
Q1 202539
Q2 202544

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 7 bought or addedQ3 23: 2 cut or sold outQ4 23: 7 bought or addedQ4 23: 2 cut or sold outQ4 23Q1 24: 10 bought or addedQ1 24: 3 cut or sold outQ2 24: 23 bought or addedQ2 24: 3 cut or sold outQ2 24Q3 24: 22 bought or addedQ3 24: 8 cut or sold outQ4 24: 27 bought or addedQ4 24: 10 cut or sold outQ4 24Q1 25: 18 bought or addedQ1 25: 19 cut or sold outQ2 25: 23 bought or addedQ2 25: 20 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202372
Q4 202372
Q1 2024103
Q2 2024233
Q3 2024228
Q4 20242710
Q1 20251819
Q2 20252320

Biggest buyers

LPL Financial LLC Added +851,406+851.4k
ENVESTNET ASSET MANAGEMENT INC Added +273,453+273.5k
OSAIC HOLDINGS, INC. Added +231,380+231.4k
PRINCIPAL SECURITIES, INC. Added +212,684+212.7k
MML INVESTORS SERVICES, LLC Added +80,655+80.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +60,788+60.8k
Merit Financial Group, LLC New +38,888+38.9k
PARK AVENUE SECURITIES LLC Added +27,990+28.0k
Cetera Investment Advisers Added +14,128+14.1k
WEDBUSH SECURITIES INC Added +11,559+11.6k

Biggest sellers

Envestnet Portfolio Solutions, Inc. Reduced -1,004,935-1.0m
Atria Wealth Solutions, Inc. Reduced -533,791-533.8k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -31,462-31.5k
Spire Wealth Management Reduced -25,288-25.3k
&PARTNERS Reduced -22,825-22.8k
Kestra Investment Management, LLC Reduced -14,774-14.8k
Financial Sense Advisors, Inc. Reduced -13,372-13.4k
Mariner, LLC Reduced -10,272-10.3k
Geneos Wealth Management Inc. Reduced -5,745-5.7k
PRINCIPAL FINANCIAL GROUP INC Reduced -3,012-3.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Envestnet Portfolio Solutions, Inc. 1.86% of their portfolio BERWYN, PA 15,180,77215.2m $505.8m $505.8m 1.86% Reduced -1.0m -1,004,935
2 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 11,241,96511.2m $374.6m $374.6m 0.11% Added +273.5k +273,453
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,315,4101.3m $43.8m $43.8m 0.01% Added +851.4k +851,406
4 PRINCIPAL SECURITIES, INC. 0.34% of their portfolio DES MOINES, IA 548,884548.9k $18.3m $18.3m 0.34% Added +212.7k +212,684
5 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 362,775362.8k $12.1m $12.1m 0.03% Added +80.7k +80,655
6 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 256,859256.9k $8.6m $8.6m 0.02% Added +231.4k +231,380
7 B. Riley Wealth Advisors, Inc. 0.33% of their portfolio MEMPHIS, TN 202,176202.2k $6.7m $6.7m 0.33% Added +7.5k +7,493
8 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 154,330154.3k $5.1m $5.1m 0.01% Reduced -31.5k -31,462
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 149,640149.6k $5.0m $5.0m 0.01% Added +60.8k +60,788
10 RESOLUTE WEALTH ADVISOR, INC. 2.65% of their portfolio FINDLAY, OH 132,128132.1k $4.7m $4.7m 2.65% First filing
11 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 124,543124.5k $4.1m $4.1m 0.01% Added +14.1k +14,128
12 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 117,298117.3k $3.9m $3.9m 0.03% Reduced -22.8k -22,825
13 Spire Wealth Management 0.09% of their portfolio MCLEAN, VA 77,84677.8k $2.6m $2.6m 0.09% Reduced -25.3k -25,288
14 Mariner, LLC 0.00% of their portfolio Overland Park, KS 72,69872.7k $2.4m $2.4m 0.00% Reduced -10.3k -10,272
15 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 66,59466.6k $2.2m $2.2m 0.02% Added +28.0k +27,990
16 Atria Wealth Solutions, Inc. 0.03% of their portfolio NEW YORK, NY 46,28046.3k $1.5m $1.5m 0.03% Reduced -533.8k -533,791
17 WEDBUSH SECURITIES INC 0.05% of their portfolio PASADENA, CA 45,84345.8k $1.5m $1.5m 0.05% Added +11.6k +11,559
18 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 38,88838.9k $1.3m $1.3m 0.01% New
19 World Investment Advisors 0.02% of their portfolio LINCROFT, NJ 30,87630.9k $1.0m $1.0m 0.02% Reduced -2.7k -2,678
20 Lion Street Advisors, LLC 0.31% of their portfolio Austin, TX 30,70130.7k $1.0m $1.0m 0.31% Added +6.7k +6,709
21 Financial Sense Advisors, Inc. 0.16% of their portfolio SAN DIEGO, CA 20,05620.1k $668.3k $668.3k 0.16% Reduced -13.4k -13,372
22 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 19,09419.1k $636.0k $636.0k 0.00% Added +5.9k +5,906
23 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 17,56317.6k $585.2k $585.2k 0.00% Reduced -3.0k -3,012
24 Kestra Investment Management, LLC 0.01% of their portfolio AUSTIN, TX 14,77414.8k $444.1k $444.1k 0.01% Reduced -14.8k -14,774
25 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 9,6979.7k $323.1k $323.1k 0.00% Reduced -2.0k -2,038
26 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 9,5389.5k $317.8k $317.8k 0.00% Added +584 +584
27 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 8,3168.3k $277.1k $277.1k 0.01% New
28 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 7,4277.4k $247.5k $247.5k 0.00% New
29 COURIER CAPITAL LLC 0.01% of their portfolio BUFFALO, NY 6,4026.4k $213.3k $213.3k 0.01% New
30 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 6,1356.1k $204.4k $204.4k 0.00% New
31 First Horizon Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 6,0756.1k $202.4k $202.4k 0.01% Reduced -1.7k -1,743
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,9142.9k $97.1k $97.1k 0.00% Reduced -2.4k -2,427
33 Pinnacle Bancorp, Inc. 0.02% of their portfolio BEATRICE, NE 2,3732.4k $79.1k $79.1k 0.02% Reduced -213 -213
34 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 2,2492.2k $74.9k $74.9k 0.00% New
35 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,7721.8k $59.0k $59.0k 0.00% Reduced -5.7k -5,745
36 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 1,3641.4k $45.4k $45.4k 0.00% Unchanged
37 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,0861.1k $36.2k $36.2k 0.00% New
38 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 798798 $26.6k $26.6k 0.00% Reduced -77 -77
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 400400 $13.3k $13.3k 0.00% Unchanged
40 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 225225 $7.5k $7.5k 0.00% Added +30 +30
41 Fortitude Family Office, LLC 0.00% of their portfolio SCOTTSDALE, AZ 185185 $6.2k $6.2k 0.00% New
42 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 8383 $2.8k $2.8k 0.00% Unchanged
43 ORG Partners LLC 0.00% of their portfolio ROANOKE, IN 5252 $1.7k $1.7k 0.00% New
44 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged