Vault-13

TWO RDS SHARED TR

REGENTS PK HDGD · CUSIP 90214Q642

20 institutional holders -1 vs Q1 2025
5,124,0105.1m shares reported held*
$53.5mreported value*
4 new 6 added 8 reduced 5 sold out net sold ≈ $4.0m (-382.8k 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 ≈ $10.43. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 10Q4 22: 19Q1 23: 15Q2 23: 16Q3 23: 18Q4 23: 21Q1 24: 18Q2 24: 22Q3 24: 19Q4 24: 21Q1 25: 21Q2 25: 2020Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202210
Q4 202219
Q1 202315
Q2 202316
Q3 202318
Q4 202321
Q1 202418
Q2 202422
Q3 202419
Q4 202421
Q1 202521
Q2 202520

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 23: 9 bought or addedQ3 23: 8 cut or sold outQ4 23: 5 bought or addedQ4 23: 11 cut or sold outQ4 23Q1 24: 6 bought or addedQ1 24: 12 cut or sold outQ2 24: 11 bought or addedQ2 24: 7 cut or sold outQ2 24Q3 24: 6 bought or addedQ3 24: 11 cut or sold outQ4 24: 11 bought or addedQ4 24: 9 cut or sold outQ4 24Q1 25: 11 bought or addedQ1 25: 10 cut or sold outQ2 25: 10 bought or addedQ2 25: 13 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202398
Q4 2023511
Q1 2024612
Q2 2024117
Q3 2024611
Q4 2024119
Q1 20251110
Q2 20251013

Biggest buyers

TCFG WEALTH MANAGEMENT, LLC New +37,173+37.2k
JANE STREET GROUP, LLC Added +29,523+29.5k
MARIPAU WEALTH MANAGEMENT LLC New +16,590+16.6k
GTS SECURITIES LLC Added +15,682+15.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +7,791+7.8k
HARBOUR INVESTMENTS, INC. New +624+624
UBS Group AG Added +617+617
Signal Advisors Wealth, LLC Added +393+393
AE Wealth Management LLC Added +235+235
Beacon Capital Management, Inc. New +1+1

Biggest sellers

Foundations Investment Advisors, LLC Reduced -390,962-391.0k
Compound Planning, Inc. Sold out -49,261-49.3k
GeoWealth Management, LLC Reduced -15,508-15.5k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Sold out -10,358-10.4k
SLT Holdings LLC Reduced -9,550-9.6k
Anfield Capital Management, LLC Reduced -7,573-7.6k
Independent Advisor Alliance Reduced -3,341-3.3k
TUCKER ASSET MANAGEMENT LLC Sold out -1,151-1.2k
Geneos Wealth Management Inc. Sold out -1,086-1.1k
OSAIC HOLDINGS, INC. Reduced -1,042-1.0k

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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Foundations Investment Advisors, LLC 0.68% of their portfolio PHOENIX, AZ 4,124,5814.1m $43.0m $43.0m 0.68% Reduced -391.0k -390,962
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 228,603228.6k $2.4m $2.4m 0.00% Added +7.8k +7,791
3 GeoWealth Management, LLC 0.09% of their portfolio CHICAGO, IL 224,875224.9k $2.3m $2.3m 0.09% Reduced -15.5k -15,508
4 Anfield Capital Management, LLC 0.49% of their portfolio IRVINE, CA 141,281141.3k $1.5m $1.5m 0.49% Reduced -7.6k -7,573
5 SLT Holdings LLC 0.72% of their portfolio SCOTTSDALE, AZ 93,13793.1k $971.9k $971.9k 0.72% Reduced -9.6k -9,550
6 Independent Advisor Alliance 0.02% of their portfolio CHARLOTTE, NC 70,15470.2k $732.0k $732.0k 0.02% Reduced -3.3k -3,341
7 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 69,61869.6k $726.5k $726.5k 0.00% Added +29.5k +29,523
8 TCFG WEALTH MANAGEMENT, LLC 0.18% of their portfolio LAGUNA NIGUEL, CA 37,17337.2k $387.9k $387.9k 0.18% New
9 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 29,37529.4k $306.5k $306.5k 0.01% Added +15.7k +15,682
10 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 23,94723.9k $249.9k $249.9k 0.00% Reduced -623 -623
11 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 20,66120.7k $215.6k $215.6k 0.01% Reduced -558 -558
12 Signal Advisors Wealth, LLC 0.01% of their portfolio DETROIT, MI 17,00417.0k $177.4k $177.4k 0.01% Added +393 +393
13 MARIPAU WEALTH MANAGEMENT LLC 0.09% of their portfolio FORT WAYNE, IN 16,59016.6k $173.1k $173.1k 0.09% New
14 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 15,54215.5k $162.2k $162.2k 0.00% Added +235 +235
15 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,8276.8k $71.2k $71.2k 0.00% Added +617 +617
16 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,9743.0k $31.0k $31.0k 0.00% Unchanged
17 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0431.0k $10.9k $10.9k 0.00% Reduced -1.0k -1,042
18 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 624624 $6.5k $6.5k 0.00% New
19 Beacon Capital Management, Inc. 0.00% of their portfolio DAYTON, OH 11 $13 $13 0.00% New
20 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged