Vault-13

TWO RDS SHARED TR

REGENTS PK HDGD · CUSIP 90214Q642

19 institutional holders +4 vs Q3 2025
4,500,7544.5m shares reported held*
$45.8mreported value*
4 new 5 added 6 reduced 2 sold out net sold ≈ $2.7m (-263.7k 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 ($5.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.18.

Trends to Q4 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: 15Q4 25: 1919Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202519

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 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 25Q3 25: 3 bought or addedQ3 25: 11 cut or sold outQ4 25: 9 bought or addedQ4 25: 8 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024612
Q2 2024117
Q3 2024611
Q4 2024119
Q1 20251110
Q2 20251013
Q3 2025311
Q4 202598

Biggest buyers

GTS SECURITIES LLC New +39,504+39.5k
Triad Wealth Partners, LLC New +10,437+10.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +759+759
Motiv8 Investments LLC New +536+536
AdvisorNet Financial, Inc Added +516+516
CREATIVE FINANCIAL DESIGNS INC /ADV New +317+317
AE Wealth Management LLC Added +129+129
OSAIC HOLDINGS, INC. Added +114+114
HARBOUR INVESTMENTS, INC. Added +48+48

Biggest sellers

GeoWealth Management, LLC Reduced -152,771-152.8k
Foundations Investment Advisors, LLC Reduced -76,953-77.0k
JANE STREET GROUP, LLC Sold out -42,660-42.7k
Signal Advisors Wealth, LLC Sold out -14,696-14.7k
UBS Group AG Reduced -13,335-13.3k
Anfield Capital Management, LLC Reduced -10,903-10.9k
Atria Investments, Inc Reduced -4,172-4.2k
Independent Advisor Alliance Reduced -549-549

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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Foundations Investment Advisors, LLC 0.50% of their portfolio PHOENIX, AZ 3,737,0873.7m $38.0m $38.0m 0.50% Reduced -77.0k -76,953
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 260,404260.4k $2.7m $2.7m 0.00% Added +759 +759
3 J.M. Arbour, LLC 1.54% of their portfolio GARDINER, ME 151,353151.4k $1.5m $1.5m 1.54% First filing
4 Anfield Capital Management, LLC 0.42% of their portfolio IRVINE, CA 130,378130.4k $1.3m $1.3m 0.42% Reduced -10.9k -10,903
5 Independent Advisor Alliance 0.02% of their portfolio CHARLOTTE, NC 69,60569.6k $708.6k $708.6k 0.02% Reduced -549 -549
6 TCFG WEALTH MANAGEMENT, LLC 0.16% of their portfolio LAGUNA NIGUEL, CA 40,05940.1k $412.8k $412.8k 0.16% Unchanged
7 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 39,50439.5k $402.2k $402.2k 0.01% New
8 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 18,45418.5k $187.9k $187.9k 0.00% Reduced -4.2k -4,172
9 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 16,69316.7k $169.9k $169.9k 0.01% Added +516 +516
10 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 13,73713.7k $139.8k $139.8k 0.00% Added +129 +129
11 Triad Wealth Partners, LLC 0.01% of their portfolio LAWRENCE, KS 10,43710.4k $106.2k $106.2k 0.01% New
12 Mosley Wealth Management 0.05% of their portfolio ANAHEIM, CA 10,20310.2k $114.5k $114.5k 0.05% First filing
13 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,1571.2k $11.8k $11.8k 0.00% Added +114 +114
14 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 672672 $6.8k $6.8k 0.00% Added +48 +48
15 GeoWealth Management, LLC 0.00% of their portfolio CHICAGO, IL 537537 $5.5k $5.5k 0.00% Reduced -152.8k -152,771
16 Motiv8 Investments LLC 0.00% of their portfolio PORT ST. LUCIE, FL 536536 $5.0k $5.0k 0.00% New
17 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 317317 $3.2k $3.2k 0.00% New
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 157157 $1.6k $1.6k 0.00% Reduced -13.3k -13,335
19 Beacon Capital Management, Inc. 0.00% of their portfolio DAYTON, OH 11 $15 $15 0.00% Unchanged