Vault-13

2023 ETF SERIES TRUST BINV

BRANDES INTERNAT · ETP · CUSIP 900934209

45 institutional holders +7 vs Q4 2025
8,788,2418.8m shares reported held*
$362.2mreported value*
10 new 23 added 10 reduced 3 sold out net bought ≈ $25.9m (+629.1k 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 ($6.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.22.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q4 23: 5Q1 24: 9Q2 24: 4Q3 24: 8Q4 24: 8Q1 25: 16Q2 25: 24Q3 25: 30Q4 25: 38Q1 26: 4545Q4 23Q2 24Q4 24Q2 25Q4 25Q1 26
Numbers
QuarterHolders
Q4 20235
Q1 20249
Q2 20244
Q3 20248
Q4 20248
Q1 202516
Q2 202524
Q3 202530
Q4 202538
Q1 202645

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 1 bought or addedQ2 24: 7 cut or sold outQ3 24: 6 bought or addedQ3 24: 1 cut or sold outQ3 24Q4 24: 6 bought or addedQ4 24: 3 cut or sold outQ1 25: 9 bought or addedQ1 25: 4 cut or sold outQ1 25Q2 25: 21 bought or addedQ2 25: 1 cut or sold outQ3 25: 22 bought or addedQ3 25: 9 cut or sold outQ3 25Q4 25: 25 bought or addedQ4 25: 15 cut or sold outQ1 26: 33 bought or addedQ1 26: 13 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202417
Q3 202461
Q4 202463
Q1 202594
Q2 2025211
Q3 2025229
Q4 20252515
Q1 20263313

Biggest buyers

BENJAMIN EDWARDS INC Added +523,525+523.5k
JANE STREET GROUP, LLC Added +330,444+330.4k
STIFEL FINANCIAL CORP Added +118,079+118.1k
ENVESTNET ASSET MANAGEMENT INC Added +93,898+93.9k
COMMONWEALTH EQUITY SERVICES, LLC Added +65,166+65.2k
Integrated Wealth Concepts LLC New +61,324+61.3k
Ironsides Asset Advisors, LLC New +60,677+60.7k
Avior Wealth Management, LLC Added +59,423+59.4k
Rockefeller Capital Management L.P. Added +57,466+57.5k
Nvest Wealth Strategies, Inc. Added +49,670+49.7k

Biggest sellers

HANTZ FINANCIAL SERVICES, INC. Reduced -560,875-560.9k
SCOTIA CAPITAL INC. Reduced -301,505-301.5k
OSAIC HOLDINGS, INC. Reduced -63,099-63.1k
Curtis Advisory Group, LLC Reduced -47,246-47.2k
Corient Private Wealth LP Sold out -23,280-23.3k
LPL Financial LLC Reduced -7,490-7.5k
EVOLVE PRIVATE WEALTH, LLC Reduced -3,771-3.8k
Steward Partners Investment Advisory, LLC Sold out -2,685-2.7k
Balance Wealth Partners LLC Reduced -1,785-1.8k
SMITH, MOORE & CO. Reduced -420-420

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HANTZ FINANCIAL SERVICES, INC. 2.59% of their portfolio SOUTHFIELD, MI 4,115,7514.1m $169.7m $169.7m 2.59% Reduced -560.9k -560,875
2 BENJAMIN EDWARDS INC 0.53% of their portfolio Clayton, MO 1,303,1991.3m $53.7m $53.7m 0.53% Added +523.5k +523,525
3 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 484,602484.6k $20.0m $20.0m 0.03% Reduced -63.1k -63,099
4 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 390,073390.1k $16.1m $16.1m 0.02% Added +330.4k +330,444
5 Nvest Wealth Strategies, Inc. 9.09% of their portfolio POWELL, OH 313,279313.3k $12.9m $12.9m 9.09% Added +49.7k +49,670
6 SCOTIA CAPITAL INC. 0.05% of their portfolio TORONTO, A6 301,440301.4k $12.4m $12.4m 0.05% Reduced -301.5k -301,505
7 Security National Bank 1.36% of their portfolio OMAHA, NE 226,310226.3k $9.3m $9.3m 1.36% Added +14.5k +14,515
8 Balance Wealth Partners LLC 2.33% of their portfolio WORTHINGTON, OH 181,875181.9k $7.5m $7.5m 2.33% Reduced -1.8k -1,785
9 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 163,960164.0k $6.8m $6.8m 0.01% Added +118.1k +118,079
10 Brooklyn Investment Group 0.20% of their portfolio NEW YORK, NY 155,337155.3k $6.4m $6.4m 0.20% Added +18.6k +18,635
11 EVOLVE PRIVATE WEALTH, LLC 0.32% of their portfolio LOS ANGELES, CA 145,894145.9k $6.0m $6.0m 0.32% Reduced -3.8k -3,771
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 137,087137.1k $5.7m $5.7m 0.00% Reduced -7.5k -7,490
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 101,422101.4k $4.2m $4.2m 0.00% Added +93.9k +93,898
14 Horizon Family Wealth, Inc. 2.16% of their portfolio CHICAGO, IL 99,08299.1k $4.1m $4.1m 2.16% Added +2.3k +2,343
15 Avior Wealth Management, LLC 0.11% of their portfolio OMAHA, NE 97,67097.7k $4.0m $4.0m 0.11% Added +59.4k +59,423
16 Fjell Capital, LLC 2.61% of their portfolio FARGO, ND 82,29882.3k $3.4m $3.4m 2.61% Added +3.2k +3,191
17 Madison Asset Management, LLC 0.04% of their portfolio MADISON, WI 78,86178.9k $3.3m $3.3m 0.04% Added +13.9k +13,911
18 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 78,30978.3k $3.2m $3.2m 0.00% Added +65.2k +65,166
19 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 66,53066.5k $2.7m $2.7m 0.00% Added +57.5k +57,466
20 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 61,32461.3k $2.5m $2.5m 0.02% New
21 Ironsides Asset Advisors, LLC 0.63% of their portfolio ROCKY MOUNT, NC 60,67760.7k $2.5m $2.5m 0.63% New
22 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 43,69743.7k $1.8m $1.8m 0.00% Added +34.0k +34,017
23 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 35,47635.5k $1.5m $1.5m 0.00% Added +5.8k +5,809
24 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 31,55431.6k $1.3m $1.3m 0.01% Added +15.8k +15,841
25 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 29,91129.9k $1.2m $1.2m 0.00% Added +24.8k +24,753
26 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 28,28228.3k $1.2m $1.2m 0.00% Added +6.5k +6,482
27 B. Riley Wealth Advisors, Inc. 0.05% of their portfolio MEMPHIS, TN 21,17621.2k $848.5k $848.5k 0.05% New
28 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 15,68815.7k $646.7k $646.7k 0.00% New
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 15,66915.7k $645.9k $645.9k 0.00% New
30 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,49512.5k $515.0k $515.0k 0.00% Added +952 +952
31 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 12,16412.2k $501.4k $501.4k 0.02% New
32 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 10,46610.5k $431.4k $431.4k 0.00% Added +6.7k +6,715
33 Curtis Advisory Group, LLC 0.09% of their portfolio SANTA BARBARA, CA 9,5919.6k $395.3k $395.3k 0.09% Reduced -47.2k -47,246
34 SMITH, MOORE & CO. 0.03% of their portfolio CLAYTON, MO 9,4639.5k $390.1k $390.1k 0.03% Reduced -420 -420
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,0709.1k $374.0k $374.0k 0.00% Added +6.8k +6,783
36 Mills Wealth Advisors LLC 0.08% of their portfolio SOUTHLAKE, TX 5,5975.6k $230.7k $230.7k 0.08% Unchanged
37 MANCHESTER FINANCIAL INC 0.04% of their portfolio Westlake Village, CA 5,0465.0k $208.0k $208.0k 0.04% Reduced -95 -95
38 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 904904 $37.3k $37.3k 0.00% New
39 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 856856 $35.3k $35.3k 0.00% Added +525 +525
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 617617 $25.4k $25.4k 0.00% New
41 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 609609 $25.1k $25.1k 0.00% New
42 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 545545 $22.5k $22.5k 0.00% New
43 Principia Wealth Advisory, LLC 0.01% of their portfolio DALLAS, TX 308308 $12.4k $12.4k 0.01% Added +5 +5
44 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 229229 $9.4k $9.4k 0.00% Reduced -162 -162
45 CWM, LLC 0.00% of their portfolio OMAHA, NE 2323 $948 $948 0.00% Unchanged