Vault-13

TWO RDS SHARED TR LSAT

LEASERSHS ALPHAF · ETP · CUSIP 90214Q691

31 institutional holders +3 vs Q4 2022
4,568,7384.6m shares reported held*
$145.3mreported value*
5 new 14 added 8 reduced 2 sold out net bought ≈ $26.1m (+821.5k 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. Holder counts are more reliable. Implied quarter-end price ≈ $31.79.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 25Q4 22: 28Q1 23: 3131Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202225
Q4 202228
Q1 202331

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 14 bought or addedQ4 22: 10 cut or sold outQ4 22Q1 23: 19 bought or addedQ1 23: 10 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221410
Q1 20231910

Biggest buyers

Redwood Investment Management, LLC Added +667,504+667.5k
Perennial Investment Advisors, LLC New +180,181+180.2k
LPL Financial LLC Added +126,446+126.4k
Simplicity Solutions, LLC New +32,286+32.3k
Private Advisor Group, LLC Added +14,004+14.0k
Cambridge Investment Research Advisors, Inc. Added +13,711+13.7k
Claro Advisors Inc. New +11,407+11.4k
ENVESTNET ASSET MANAGEMENT INC Added +8,553+8.6k
IHT Wealth Management, LLC Added +3,109+3.1k
Atria Wealth Solutions, Inc. Added +2,849+2.8k

Biggest sellers

Ford Financial Group, LLC Sold out -180,195-180.2k
AVANTAX ADVISORY SERVICES, INC. Reduced -37,565-37.6k
CITADEL ADVISORS LLC Sold out -13,303-13.3k
Financial Designs Corp Reduced -10,352-10.4k
Mariner, LLC Reduced -2,327-2.3k
Coppell Advisory Solutions Corp. Reduced -413-413
Coppell Advisory Solutions LLC Reduced -413-413
Good Life Advisors, LLC Reduced -303-303
Bleakley Financial Group, LLC Reduced -207-207
UBS Group AG Reduced -43-43

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Redwood Investment Management, LLC 4.38% of their portfolio SCOTTSDALE, AZ 1,281,0391.3m $40.7m $40.7m 4.38% Added +667.5k +667,504
2 Financial Designs Corp 19.10% of their portfolio CLAREMONT, CA 804,476804.5k $25.6m $25.6m 19.10% Reduced -10.4k -10,352
3 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 795,490795.5k $25.3m $25.3m 0.01% Added +8.6k +8,553
4 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 533,673533.7k $17.0m $17.0m 0.01% Added +126.4k +126,446
5 AVANTAX ADVISORY SERVICES, INC. 0.08% of their portfolio DALLAS, TX 205,041205.0k $6.5m $6.5m 0.08% Reduced -37.6k -37,565
6 Perennial Investment Advisors, LLC 1.07% of their portfolio Los Angeles, CA 180,181180.2k $5.7m $5.7m 1.07% New
7 Mariner, LLC 0.02% of their portfolio Overland Park, KS 169,066169.1k $5.4m $5.4m 0.02% Reduced -2.3k -2,327
8 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 117,351117.4k $3.7m $3.7m 0.04% Added +14.0k +14,004
9 Atria Wealth Solutions, Inc. 0.05% of their portfolio NEW YORK, NY 102,897102.9k $3.3m $3.3m 0.05% Added +2.8k +2,849
10 Gladstone Institutional Advisory LLC 0.12% of their portfolio Bedminster, NJ 57,08057.1k $1.8m $1.8m 0.12% Added +1.2k +1,203
11 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 46,36546.4k $1.5m $1.5m 0.01% Added +212 +212
12 IHT Wealth Management, LLC 0.07% of their portfolio Chicago, IL 36,29736.3k $1.2m $1.2m 0.07% Added +3.1k +3,109
13 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 33,99134.0k $1.1m $1.1m 0.01% Added +13.7k +13,711
14 Simplicity Solutions, LLC 0.03% of their portfolio MINNEAPOLIS, MN 32,28632.3k $1.0m $1.0m 0.03% New
15 Bleakley Financial Group, LLC 0.03% of their portfolio PARSIPPANY, NJ 32,28632.3k $1.0m $1.0m 0.03% Reduced -207 -207
16 Coppell Advisory Solutions LLC 0.26% of their portfolio COPPELL, TX 25,08425.1k $783.4k $783.4k 0.26% Reduced -413 -413
17 Coppell Advisory Solutions Corp. 0.26% of their portfolio COPPELL, TX 25,08425.1k $783.4k $783.4k 0.26% Reduced -413 -413
18 Good Life Advisors, LLC 0.10% of their portfolio READING, PA 24,10924.1k $766.7k $766.7k 0.10% Reduced -303 -303
19 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 12,26012.3k $389.9k $389.9k 0.00% Added +622 +622
20 StoneX Group Inc. 0.04% of their portfolio NEW YORK, NY 11,48411.5k $365.2k $365.2k 0.04% Added +522 +522
21 Claro Advisors Inc. 0.11% of their portfolio BOSTON, MA 11,40711.4k $362.7k $362.7k 0.11% New
22 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 11,18011.2k $355.5k $355.5k 0.02% Added +2.4k +2,397
23 Aurora Private Wealth, Inc. 0.36% of their portfolio ROCKAWAY, NJ 10,71610.7k $341.0k $341.0k 0.36% Added +605 +605
24 Global Retirement Partners, LLC 0.01% of their portfolio San Rafael, CA 6,8496.8k $214.7k $214.7k 0.01% Added +649 +649
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,6391.6k $52.1k $52.1k 0.00% Unchanged
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 836836 $26.6k $26.6k 0.00% Unchanged
27 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 353353 $8.7k $8.7k 0.00% New
28 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 118118 $3.8k $3.8k 0.00% Unchanged
29 UBS Group AG 0.00% of their portfolio ZURICH, V8 9898 $3.1k $3.1k 0.00% Reduced -43 -43
30 FMR LLC 0.00% of their portfolio BOSTON, MA 22 $64 $64 0.00% New
31 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged