Vault-13

TWO RDS SHARED TR

REGENTS PK HDGD · CUSIP 90214Q642

15 institutional holders -5 vs Q2 2025
4,603,4144.6m shares reported held*
$51.0mreported value*
0 new 3 added 7 reduced 4 sold out net sold ≈ $5.8m (-520.6k 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 ≈ $11.08.

Trends to Q3 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: 20Q3 25: 1515Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 202515

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 23: 5 bought or addedQ4 23: 11 cut or sold outQ1 24: 6 bought or addedQ1 24: 12 cut or sold outQ1 24Q2 24: 11 bought or addedQ2 24: 7 cut or sold outQ3 24: 6 bought or addedQ3 24: 11 cut or sold outQ3 24Q4 24: 11 bought or addedQ4 24: 9 cut or sold outQ1 25: 11 bought or addedQ1 25: 10 cut or sold outQ1 25Q2 25: 10 bought or addedQ2 25: 13 cut or sold outQ3 25: 3 bought or addedQ3 25: 11 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023511
Q1 2024612
Q2 2024117
Q3 2024611
Q4 2024119
Q1 20251110
Q2 20251013
Q3 2025311

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +31,042+31.0k
UBS Group AG Added +6,665+6.7k
TCFG WEALTH MANAGEMENT, LLC Added +2,886+2.9k

Biggest sellers

Foundations Investment Advisors, LLC Reduced -310,541-310.5k
SLT Holdings LLC Sold out -93,137-93.1k
GeoWealth Management, LLC Reduced -71,567-71.6k
GTS SECURITIES LLC Sold out -29,375-29.4k
JANE STREET GROUP, LLC Reduced -26,958-27.0k
MARIPAU WEALTH MANAGEMENT LLC Sold out -16,590-16.6k
AdvisorNet Financial, Inc Reduced -4,484-4.5k
IFP Advisors, Inc Sold out -2,974-3.0k
Signal Advisors Wealth, LLC Reduced -2,308-2.3k
AE Wealth Management LLC Reduced -1,934-1.9k

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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Foundations Investment Advisors, LLC 0.61% of their portfolio PHOENIX, AZ 3,814,0403.8m $42.3m $42.3m 0.61% Reduced -310.5k -310,541
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 259,645259.6k $2.9m $2.9m 0.00% Added +31.0k +31,042
3 GeoWealth Management, LLC 0.06% of their portfolio CHICAGO, IL 153,308153.3k $1.7m $1.7m 0.06% Reduced -71.6k -71,567
4 Anfield Capital Management, LLC 0.46% of their portfolio IRVINE, CA 141,281141.3k $1.6m $1.6m 0.46% Unchanged
5 Independent Advisor Alliance 0.02% of their portfolio CHARLOTTE, NC 70,15470.2k $777.4k $777.4k 0.02% Unchanged
6 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 42,66042.7k $472.7k $472.7k 0.00% Reduced -27.0k -26,958
7 TCFG WEALTH MANAGEMENT, LLC 0.17% of their portfolio LAGUNA NIGUEL, CA 40,05940.1k $444.7k $444.7k 0.17% Added +2.9k +2,886
8 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 22,62622.6k $250.7k $250.7k 0.00% Reduced -1.3k -1,321
9 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 16,17716.2k $179.3k $179.3k 0.01% Reduced -4.5k -4,484
10 Signal Advisors Wealth, LLC 0.01% of their portfolio DETROIT, MI 14,69614.7k $162.8k $162.8k 0.01% Reduced -2.3k -2,308
11 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 13,60813.6k $150.8k $150.8k 0.00% Reduced -1.9k -1,934
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 13,49213.5k $149.5k $149.5k 0.00% Added +6.7k +6,665
13 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0431.0k $11.6k $11.6k 0.00% Unchanged
14 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 624624 $6.9k $6.9k 0.00% Unchanged
15 Beacon Capital Management, Inc. 0.00% of their portfolio DAYTON, OH 11 $14 $14 0.00% Unchanged