TWO RDS SHARED TR
LEADERSHS ACTIVI · CUSIP 90214Q717
25
institutional holders
+1 vs Q4 2022
2.4m
shares reported held*
$70.6mreported value*
4 new
12 added
7 reduced
3 sold out
net bought ≈ $11.3m (+377.9k 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 ≈ $29.86.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 20 |
| Q4 2022 | 24 |
| Q1 2023 | 25 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 13 | 6 |
| Q1 2023 | 16 | 10 |
Biggest buyers
| Redwood Investment Management, LLC | Added | +342.3k |
| Perennial Investment Advisors, LLC | New | +77.7k |
| LPL Financial LLC | Added | +48.8k |
| Simplicity Solutions, LLC | New | +12.3k |
| ENVESTNET ASSET MANAGEMENT INC | Added | +8.0k |
| Cambridge Investment Research Advisors, Inc. | Added | +8.0k |
| Private Advisor Group, LLC | Added | +5.1k |
| Atria Wealth Solutions, Inc. | Added | +1.7k |
| OSAIC HOLDINGS, INC. | Added | +1.3k |
| IHT Wealth Management, LLC | Added | +1.0k |
Biggest sellers
| Ford Financial Group, LLC | Sold out | -77.6k |
| Evolution Wealth Advisors, LLC | Sold out | -20.2k |
| AVANTAX ADVISORY SERVICES, INC. | Reduced | -17.7k |
| Financial Designs Corp | Reduced | -9.6k |
| Mariner, LLC | Reduced | -3.6k |
| Gladstone Institutional Advisory LLC | Reduced | -1.5k |
| Good Life Advisors, LLC | Reduced | -176 |
| Coppell Advisory Solutions LLC | Reduced | -152 |
| Coppell Advisory Solutions Corp. | Reduced | -152 |
| UBS Group AG | Sold out | -54 |
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| Redwood Investment Management, LLC 2.23% of their portfolio | 695.0k $20.8m | Added +342.3k |
| Financial Designs Corp 10.15% of their portfolio | 455.2k $13.6m | Reduced -9.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 404.9k $12.1m | Added +8.0k |
| LPL Financial LLC 0.01% of their portfolio | 262.9k $7.9m | Added +48.8k |
| Mariner, LLC 0.01% of their portfolio | 106.5k $3.2m | Reduced -3.6k |
| AVANTAX ADVISORY SERVICES, INC. 0.04% of their portfolio | 100.6k $3.0m | Reduced -17.7k |
| Perennial Investment Advisors, LLC 0.43% of their portfolio | 77.7k $2.3m | New |
| Private Advisor Group, LLC 0.01% of their portfolio | 50.9k $1.5m | Added +5.1k |
| Atria Wealth Solutions, Inc. 0.02% of their portfolio | 50.1k $1.5m | Added +1.7k |
| Gladstone Institutional Advisory LLC 0.05% of their portfolio | 26.4k $787.1k | Reduced -1.5k |
| Cetera Investment Advisers 0.01% of their portfolio | 24.3k $726.7k | Added +212 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 18.6k $555.0k | Added +8.0k |
| Coppell Advisory Solutions LLC 0.12% of their portfolio | 12.7k $372.0k | Reduced -152 |
| Coppell Advisory Solutions Corp. 0.12% of their portfolio | 12.7k $372.0k | Reduced -152 |
| Good Life Advisors, LLC 0.05% of their portfolio | 12.7k $378.1k | Reduced -176 |
| Simplicity Solutions, LLC 0.01% of their portfolio | 12.3k $367.1k | New |
| Bleakley Financial Group, LLC 0.01% of their portfolio | 12.3k $367.1k | Added +487 |
| IHT Wealth Management, LLC 0.02% of their portfolio | 11.8k $353.0k | Added +1.0k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 5.8k $174.2k | Added +1.3k |
| HARBOUR INVESTMENTS, INC. 0.01% of their portfolio | 5.0k $149.4k | Added +902 |
| Global Retirement Partners, LLC 0.01% of their portfolio | 3.9k $111.9k | Added +370 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 319 $9.5k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 203 $5.0k | New |
| FMR LLC 0.00% of their portfolio | 2 $60 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |