Vault-13

TWO RDS SHARED TR

ANFIELD DYNAMIC · CUSIP 90214Q725

15 institutional holders +1 vs Q1 2025
6,010,3236.0m shares reported held*
$51.3mreported value*
4 new 1 added 9 reduced 3 sold out net sold ≈ $1.8m (-210.9k 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 ≈ $8.53.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

051015Q3 22: 7Q4 22: 8Q1 23: 8Q2 23: 8Q3 23: 10Q4 23: 11Q1 24: 9Q2 24: 7Q3 24: 8Q4 24: 13Q1 25: 14Q2 25: 1515Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20227
Q4 20228
Q1 20238
Q2 20238
Q3 202310
Q4 202311
Q1 20249
Q2 20247
Q3 20248
Q4 202413
Q1 202514
Q2 202515

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 23: 5 bought or addedQ3 23: 3 cut or sold outQ4 23: 5 bought or addedQ4 23: 6 cut or sold outQ4 23Q1 24: 6 bought or addedQ1 24: 5 cut or sold outQ2 24: 5 bought or addedQ2 24: 5 cut or sold outQ2 24Q3 24: 5 bought or addedQ3 24: 3 cut or sold outQ4 24: 8 bought or addedQ4 24: 4 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 3 cut or sold outQ2 25: 5 bought or addedQ2 25: 12 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202353
Q4 202356
Q1 202465
Q2 202455
Q3 202453
Q4 202484
Q1 2025103
Q2 2025512

Biggest buyers

TCFG WEALTH MANAGEMENT, LLC New +20,693+20.7k
CITADEL ADVISORS LLC New +12,294+12.3k
JANE STREET GROUP, LLC Added +4,327+4.3k
MORGAN STANLEY New +942+942
HARBOUR INVESTMENTS, INC. New +258+258

Biggest sellers

Foundations Investment Advisors, LLC Reduced -186,481-186.5k
Compound Planning, Inc. Sold out -28,146-28.1k
SLT Holdings LLC Reduced -10,753-10.8k
GeoWealth Management, LLC Reduced -6,234-6.2k
Anfield Capital Management, LLC Reduced -5,762-5.8k
AdvisorNet Financial, Inc Reduced -4,071-4.1k
TUCKER ASSET MANAGEMENT LLC Sold out -3,946-3.9k
Independent Advisor Alliance Reduced -2,107-2.1k
Atria Investments, Inc Reduced -761-761
AE Wealth Management LLC Reduced -674-674

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 -2.2 pts · filed 2025-11-03 91.3% -2.2 pts 4.9m≈ $41.4m 2025-11-03

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Foundations Investment Advisors, LLC 0.70% of their portfolio PHOENIX, AZ 5,185,4265.2m $44.2m $44.2m 0.70% Reduced -186.5k -186,481
2 Anfield Capital Management, LLC 0.62% of their portfolio IRVINE, CA 221,240221.2k $1.9m $1.9m 0.62% Reduced -5.8k -5,762
3 SLT Holdings LLC 1.20% of their portfolio SCOTTSDALE, AZ 188,591188.6k $1.6m $1.6m 1.20% Reduced -10.8k -10,753
4 GeoWealth Management, LLC 0.06% of their portfolio CHICAGO, IL 184,190184.2k $1.6m $1.6m 0.06% Reduced -6.2k -6,234
5 AdvisorNet Financial, Inc 0.04% of their portfolio MINNETONKA, MN 72,55872.6k $618.7k $618.7k 0.04% Reduced -4.1k -4,071
6 Independent Advisor Alliance 0.01% of their portfolio CHARLOTTE, NC 58,72358.7k $500.8k $500.8k 0.01% Reduced -2.1k -2,107
7 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 34,47934.5k $294.0k $294.0k 0.00% Added +4.3k +4,327
8 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 22,02922.0k $187.8k $187.8k 0.00% Reduced -761 -761
9 TCFG WEALTH MANAGEMENT, LLC 0.08% of their portfolio LAGUNA NIGUEL, CA 20,69320.7k $176.5k $176.5k 0.08% New
10 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 12,29412.3k $104.8k $104.8k 0.00% New
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,1507.2k $61.0k $61.0k 0.00% Reduced -220 -220
12 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 1,7501.8k $14.9k $14.9k 0.00% Reduced -674 -674
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 942942 $8.0k $8.0k 0.00% New
14 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 258258 $2.2k $2.2k 0.00% New
15 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged