Vault-13

TWO RDS SHARED TR

REGENTS PK HDGD · CUSIP 90214Q642

18 institutional holders +2 vs Q2 2023
7,940,9857.9m shares reported held*
$68.8mreported value*
4 new 5 added 6 reduced 2 sold out net sold ≈ $17.8m (-2.1m 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 ≈ $8.66. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 10Q4 22: 19Q1 23: 15Q2 23: 16Q3 23: 1818Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202210
Q4 202219
Q1 202315
Q2 202316
Q3 202318

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 13 bought or addedQ4 22: 4 cut or sold outQ4 22Q1 23: 5 bought or addedQ1 23: 14 cut or sold outQ1 23Q2 23: 5 bought or addedQ2 23: 10 cut or sold outQ2 23Q3 23: 9 bought or addedQ3 23: 8 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022134
Q1 2023514
Q2 2023510
Q3 202398

Biggest buyers

JANE STREET GROUP, LLC Added +62,521+62.5k
GTS SECURITIES LLC New +41,050+41.0k
AE Wealth Management LLC Added +36,319+36.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +19,626+19.6k
OLD MISSION CAPITAL LLC Added +11,937+11.9k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +10,990+11.0k
UBS Group AG Added +1,816+1.8k
MORGAN STANLEY New +1,512+1.5k
Coppell Advisory Solutions LLC New +2+2

Biggest sellers

Foundations Investment Advisors, LLC Reduced -1,995,995-2.0m
IFP Advisors, Inc Reduced -200,516-200.5k
TOWNSQUARE CAPITAL LLC Reduced -11,224-11.2k
MARIPAU WEALTH MANAGEMENT LLC Reduced -11,095-11.1k
Impact Partnership Wealth, LLC Sold out -9,439-9.4k
Anfield Capital Management, LLC Reduced -8,264-8.3k
PROVENCE WEALTH MANAGEMENT GROUP Reduced -5,459-5.5k
CREATIVE FINANCIAL DESIGNS INC /ADV Sold out +00

Biggest calls

None

Biggest puts

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.

HolderStakeChangeShares Last filed
FOUNDATIONS INVESTMENT ADVISORS, LLC 13G · passive -3.4 pts · filed 2025-11-03 78.6% -3.4 pts 3.8m≈ $41.0m 2025-11-03

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Foundations Investment Advisors, LLC 1.97% of their portfolio PHOENIX, AZ 7,370,3837.4m $63.8m $63.8m 1.97% Reduced -2.0m -1,995,995
2 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 120,699120.7k $1.0m $1.0m 0.00% Added +62.5k +62,521
3 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 83,06483.1k $719.3k $719.3k 0.03% Reduced -200.5k -200,516
4 Anfield Capital Management, LLC 0.28% of their portfolio IRVINE, CA 68,25968.3k $591.1k $591.1k 0.28% Reduced -8.3k -8,264
5 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 66,85266.9k $578.9k $578.9k 0.00% Added +19.6k +19,626
6 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 56,35056.4k $488.0k $488.0k 0.00% Added +36.3k +36,319
7 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 41,05041.0k $355.5k $355.5k 0.01% New
8 TOWNSQUARE CAPITAL LLC 0.01% of their portfolio Lehi, UT 40,21640.2k $348.3k $348.3k 0.01% Reduced -11.2k -11,224
9 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 32,30632.3k $279.8k $279.8k 0.01% Added +11.9k +11,937
10 PROVENCE WEALTH MANAGEMENT GROUP 0.14% of their portfolio IRVINE, CA 26,63626.6k $230.7k $230.7k 0.14% Reduced -5.5k -5,459
11 MARIPAU WEALTH MANAGEMENT LLC 0.16% of their portfolio FORT WAYNE, IN 19,79719.8k $171.4k $171.4k 0.16% Reduced -11.1k -11,095
12 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,99011.0k $95.2k $95.2k 0.00% New
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,4162.4k $20.9k $20.9k 0.00% Added +1.8k +1,816
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,5121.5k $13.1k $13.1k 0.00% New
15 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 353353 $3.1k $3.1k 0.00% Unchanged
16 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 100100 $100 $100 0.00% Unchanged
17 Coppell Advisory Solutions LLC 0.00% of their portfolio COPPELL, TX 22 $17 $17 0.00% New
18 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged