Vault-13

TWO RDS SHARED TR

REGENTS PK HDGD · CUSIP 90214Q642

21 institutional holders +3 vs Q3 2023
6,507,9316.5m shares reported held*
$59.1mreported value*
3 new 2 added 8 reduced 3 sold out net sold ≈ $13.1m (-1.5m 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 ≈ $9.09. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 10Q4 22: 19Q1 23: 15Q2 23: 16Q3 23: 18Q4 23: 2121Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202210
Q4 202219
Q1 202315
Q2 202316
Q3 202318
Q4 202321

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 23Q4 23: 5 bought or addedQ4 23: 11 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022134
Q1 2023514
Q2 2023510
Q3 202398
Q4 2023511

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +80,674+80.7k
Coppell Advisory Solutions LLC Added +47,959+48.0k
Advisory Services Network, LLC New +4,129+4.1k
ROYAL BANK OF CANADA New +1,330+1.3k
GeoWealth Management, LLC New +2+2

Biggest sellers

Foundations Investment Advisors, LLC Reduced -1,368,494-1.4m
IFP Advisors, Inc Sold out -83,064-83.1k
JANE STREET GROUP, LLC Reduced -80,924-80.9k
GTS SECURITIES LLC Sold out -41,050-41.0k
TOWNSQUARE CAPITAL LLC Reduced -15,501-15.5k
AE Wealth Management LLC Reduced -11,046-11.0k
OLD MISSION CAPITAL LLC Reduced -6,383-6.4k
MARIPAU WEALTH MANAGEMENT LLC Reduced -2,458-2.5k
MORGAN STANLEY Sold out -1,512-1.5k
Anfield Capital Management, LLC Reduced -306-306

Biggest calls

None

Biggest puts

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Foundations Investment Advisors, LLC 1.47% of their portfolio PHOENIX, AZ 6,001,8896.0m $54.6m $54.6m 1.47% Reduced -1.4m -1,368,494
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 147,526147.5k $1.3m $1.3m 0.00% Added +80.7k +80,674
3 Anfield Capital Management, LLC 0.33% of their portfolio IRVINE, CA 67,95368.0k $604.4k $604.4k 0.33% Reduced -306 -306
4 Coppell Advisory Solutions LLC 0.08% of their portfolio COPPELL, TX 47,96148.0k $426.6k $426.6k 0.08% Added +48.0k +47,959
5 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 45,30445.3k $411.8k $411.8k 0.00% Reduced -11.0k -11,046
6 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 39,77539.8k $353.8k $353.8k 0.00% Reduced -80.9k -80,924
7 PROVENCE WEALTH MANAGEMENT GROUP 0.13% of their portfolio IRVINE, CA 26,63626.6k $236.9k $236.9k 0.13% Unchanged
8 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 25,92325.9k $230.6k $230.6k 0.01% Reduced -6.4k -6,383
9 TOWNSQUARE CAPITAL LLC 0.00% of their portfolio Lehi, UT 24,71524.7k $219.8k $219.8k 0.00% Reduced -15.5k -15,501
10 MARIPAU WEALTH MANAGEMENT LLC 0.13% of their portfolio FORT WAYNE, IN 17,33917.3k $154.2k $154.2k 0.13% Reduced -2.5k -2,458
11 Signal Advisors Wealth, LLC 0.05% of their portfolio DETROIT, MI 17,27217.3k $153.6k $153.6k 0.05% First filing
12 Mosley Wealth Management 0.12% of their portfolio ANAHEIM, CA 14,18014.2k $126.1k $126.1k 0.12% First filing
13 FIAT WEALTH MANAGEMENT LLC 1.40% of their portfolio WAYZATA, MN 12,43312.4k $110.6k $110.6k 1.40% First filing
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,99011.0k $97.8k $97.8k 0.00% Unchanged
15 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 4,1294.1k $36.7k $36.7k 0.00% New
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,1212.1k $18.9k $18.9k 0.00% Reduced -295 -295
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,3301.3k $12.0k $12.0k 0.00% New
18 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 353353 $3.1k $3.1k 0.00% Unchanged
19 Avior Wealth Management, LLC 0.00% of their portfolio OMAHA, NE 100100 $100 $100 0.00% Unchanged
20 GeoWealth Management, LLC 0.00% of their portfolio CHICAGO, IL 22 $0 $0 0.00% New
21 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged