Vault-13

TWO RDS SHARED TR

REGENTS PK HDGD · CUSIP 90214Q642

19 institutional holders +0 vs Q4 2025
4,839,4554.8m shares reported held*
$46.9mreported value*
2 new 7 added 3 reduced 3 sold out net bought ≈ $2.9m (+299.5k 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 ($8.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.70.

Trends to Q1 2026

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: 19Q1 26: 1919Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 202619

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q2 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 25Q4 25: 9 bought or addedQ4 25: 8 cut or sold outQ1 26: 9 bought or addedQ1 26: 6 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024117
Q3 2024611
Q4 2024119
Q1 20251110
Q2 20251013
Q3 2025311
Q4 202598
Q1 202696

Biggest buyers

Foundations Investment Advisors, LLC Added +307,580+307.6k
JANE STREET GROUP, LLC New +29,033+29.0k
J.M. Arbour, LLC Added +15,011+15.0k
Anfield Capital Management, LLC Added +14,966+15.0k
Independent Advisor Alliance Added +13,535+13.5k
GeoWealth Management, LLC Added +325+325
UBS Group AG Added +313+313
MORGAN STANLEY New +92+92
Mosley Wealth Management Added +2+2

Biggest sellers

GTS SECURITIES LLC Sold out -39,504-39.5k
Atria Investments, Inc Sold out -18,454-18.5k
Triad Wealth Partners, LLC Sold out -10,437-10.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -9,352-9.4k
AE Wealth Management LLC Reduced -3,657-3.7k
HARBOUR INVESTMENTS, INC. Reduced -1-1

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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Foundations Investment Advisors, LLC 0.49% of their portfolio PHOENIX, AZ 4,044,6674.0m $39.2m $39.2m 0.49% Added +307.6k +307,580
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 251,052251.1k $2.4m $2.4m 0.00% Reduced -9.4k -9,352
3 J.M. Arbour, LLC 1.55% of their portfolio GARDINER, ME 166,364166.4k $1.6m $1.6m 1.55% Added +15.0k +15,011
4 Anfield Capital Management, LLC 0.39% of their portfolio IRVINE, CA 145,344145.3k $1.4m $1.4m 0.39% Added +15.0k +14,966
5 Independent Advisor Alliance 0.01% of their portfolio CHARLOTTE, NC 83,14083.1k $805.9k $805.9k 0.01% Added +13.5k +13,535
6 TCFG WEALTH MANAGEMENT, LLC 0.15% of their portfolio LAGUNA NIGUEL, CA 40,05940.1k $390.6k $390.6k 0.15% Unchanged
7 TCFG Investment Advisors, LLC 0.15% of their portfolio LAGUNA NIGUEL, CA 40,05940.1k $390.6k $390.6k 0.15% First filing
8 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 29,03329.0k $281.4k $281.4k 0.00% New
9 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 16,69316.7k $161.8k $161.8k 0.01% Unchanged
10 Mosley Wealth Management 0.05% of their portfolio ANAHEIM, CA 10,20510.2k $113.1k $113.1k 0.05% Added +2 +2
11 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 10,08010.1k $97.7k $97.7k 0.00% Reduced -3.7k -3,657
12 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,1571.2k $11.2k $11.2k 0.00% Unchanged
13 GeoWealth Management, LLC 0.00% of their portfolio CHICAGO, IL 862862 $8.4k $8.4k 0.00% Added +325 +325
14 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 671671 $6.5k $6.5k 0.00% Reduced -1 -1
15 UBS Group AG 0.00% of their portfolio ZURICH, V8 470470 $4.6k $4.6k 0.00% Added +313 +313
16 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 317317 $3.1k $3.1k 0.00% Unchanged
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9292 $892 $892 0.00% New
18 Innovative Asset Advisors Group, LLC 0.00% of their portfolio SHELTON, CT 5151 $494 $494 0.00% First filing
19 Beacon Capital Management, Inc. 0.00% of their portfolio DAYTON, OH 11 $8 $8 0.00% Unchanged