Vault-13

TRUST FOR PROFESSIONAL MANAG APCB

ACTIVEPASSIVE CR · ETP · CUSIP 89834G752

40 institutional holders +3 vs Q1 2025
29,845,24929.8m shares reported held*
$884.6mreported value*
9 new 14 added 12 reduced 6 sold out net bought ≈ $36.3m (+1.2m 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 ≈ $29.64.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

02040Q2 23: 5Q3 23: 10Q4 23: 12Q1 24: 12Q2 24: 27Q3 24: 21Q4 24: 34Q1 25: 37Q2 25: 4040Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q2 20235
Q3 202310
Q4 202312
Q1 202412
Q2 202427
Q3 202421
Q4 202434
Q1 202537
Q2 202540

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: 1 cut or sold outQ4 23: 8 bought or addedQ4 23: 2 cut or sold outQ4 23Q1 24: 7 bought or addedQ1 24: 5 cut or sold outQ2 24: 27 bought or addedQ2 24: 1 cut or sold outQ2 24Q3 24: 15 bought or addedQ3 24: 14 cut or sold outQ4 24: 23 bought or addedQ4 24: 9 cut or sold outQ4 24Q1 25: 20 bought or addedQ1 25: 15 cut or sold outQ2 25: 23 bought or addedQ2 25: 18 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202371
Q4 202382
Q1 202475
Q2 2024271
Q3 20241514
Q4 2024239
Q1 20252015
Q2 20252318

Biggest buyers

LPL Financial LLC Added +1,066,695+1.1m
ENVESTNET ASSET MANAGEMENT INC Added +858,995+859.0k
PRINCIPAL SECURITIES, INC. Added +198,914+198.9k
OSAIC HOLDINGS, INC. Added +168,589+168.6k
MML INVESTORS SERVICES, LLC Added +82,033+82.0k
Spire Wealth Management Added +68,598+68.6k
Lion Street Advisors, LLC Added +38,241+38.2k
GOLDMAN SACHS GROUP INC New +30,218+30.2k
CITADEL ADVISORS LLC Added +25,399+25.4k
Merit Financial Group, LLC New +23,163+23.2k

Biggest sellers

Envestnet Portfolio Solutions, Inc. Reduced -733,078-733.1k
Atria Wealth Solutions, Inc. Reduced -566,357-566.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -27,603-27.6k
FLOW TRADERS U.S. LLC Sold out -25,688-25.7k
Kestra Investment Management, LLC Reduced -19,450-19.4k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -17,013-17.0k
Financial Sense Advisors, Inc. Reduced -13,991-14.0k
Mariner, LLC Reduced -12,398-12.4k
JANE STREET GROUP, LLC Sold out -8,468-8.5k
World Investment Advisors Reduced -7,453-7.5k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Envestnet Portfolio Solutions, Inc. 1.67% of their portfolio BERWYN, PA 15,311,68815.3m $453.8m $453.8m 1.67% Reduced -733.1k -733,078
2 ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio Berwyn, PA 10,653,22210.7m $315.8m $315.8m 0.09% Added +859.0k +858,995
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,483,6091.5m $44.0m $44.0m 0.01% Added +1.1m +1,066,695
4 PRINCIPAL SECURITIES, INC. 0.27% of their portfolio DES MOINES, IA 478,359478.4k $14.2m $14.2m 0.27% Added +198.9k +198,914
5 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 314,625314.6k $9.3m $9.3m 0.03% Added +82.0k +82,033
6 Spire Wealth Management 0.23% of their portfolio MCLEAN, VA 220,738220.7k $6.5m $6.5m 0.23% Added +68.6k +68,598
7 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 186,446186.4k $5.5m $5.5m 0.01% Added +168.6k +168,589
8 RESOLUTE WEALTH ADVISOR, INC. 2.55% of their portfolio FINDLAY, OH 152,046152.0k $4.5m $4.5m 2.55% First filing
9 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 143,741143.7k $4.3m $4.3m 0.01% Added +20.1k +20,091
10 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 142,766142.8k $4.2m $4.2m 0.01% Reduced -17.0k -17,013
11 B. Riley Wealth Advisors, Inc. 0.19% of their portfolio MEMPHIS, TN 131,711131.7k $3.9m $3.9m 0.19% Added +21.3k +21,320
12 Mariner, LLC 0.00% of their portfolio Overland Park, KS 83,06183.1k $2.5m $2.5m 0.00% Reduced -12.4k -12,398
13 Lion Street Advisors, LLC 0.60% of their portfolio Austin, TX 67,23967.2k $2.0m $2.0m 0.60% Added +38.2k +38,241
14 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 65,94565.9k $2.0m $2.0m 0.00% Added +25.4k +25,399
15 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 61,34561.3k $1.8m $1.8m 0.01% Reduced -730 -730
16 WEDBUSH SECURITIES INC 0.06% of their portfolio PASADENA, CA 61,13861.1k $1.8m $1.8m 0.06% Added +17.7k +17,680
17 World Investment Advisors 0.04% of their portfolio LINCROFT, NJ 55,58755.6k $1.6m $1.6m 0.04% Reduced -7.5k -7,453
18 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 47,67447.7k $1.4m $1.4m 0.01% Added +15.6k +15,598
19 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 30,21830.2k $895.6k $895.6k 0.00% New
20 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 23,16323.2k $686.5k $686.5k 0.01% New
21 Kestra Investment Management, LLC 0.01% of their portfolio AUSTIN, TX 19,45019.4k $574.6k $574.6k 0.01% Reduced -19.4k -19,450
22 Financial Sense Advisors, Inc. 0.13% of their portfolio SAN DIEGO, CA 18,42718.4k $546.2k $546.2k 0.13% Reduced -14.0k -13,991
23 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 18,13718.1k $537.6k $537.6k 0.01% Reduced -566.4k -566,357
24 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 16,99617.0k $504.0k $504.0k 0.00% Added +3.0k +3,000
25 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 11,90511.9k $352.9k $352.9k 0.00% New
26 COURIER CAPITAL LLC 0.02% of their portfolio BUFFALO, NY 11,06911.1k $328.1k $328.1k 0.02% New
27 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 8,7178.7k $258.4k $258.4k 0.00% New
28 First Horizon Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 5,4395.4k $161.2k $161.2k 0.00% Reduced -1.4k -1,445
29 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 4,4544.5k $132.0k $132.0k 0.00% Added +72 +72
30 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,4703.5k $102.8k $102.8k 0.00% Reduced -3.4k -3,443
31 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,9322.9k $86.9k $86.9k 0.00% New
32 Pinnacle Bancorp, Inc. 0.02% of their portfolio BEATRICE, NE 2,3952.4k $71.0k $71.0k 0.02% Unchanged
33 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 2,2822.3k $67.6k $67.6k 0.00% Reduced -5.2k -5,248
34 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,2482.2k $66.6k $66.6k 0.00% Reduced -6.0k -5,973
35 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 1,9682.0k $58.3k $58.3k 0.00% New
36 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 476476 $14.1k $14.1k 0.00% Unchanged
37 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 406406 $12.0k $12.0k 0.00% New
38 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 8484 $2.5k $2.5k 0.00% Unchanged
39 Fortitude Family Office, LLC 0.00% of their portfolio SCOTTSDALE, AZ 7373 $2.2k $2.2k 0.00% New
40 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged