Vault-13

TWO RDS SHARED TR

ANFIELD US EQU · CUSIP 90214Q733

22 institutional holders +2 vs Q1 2025
7,676,4577.7m shares reported held*
$145.5mreported value*
3 new 5 added 10 reduced 2 sold out net sold ≈ $11.6m (-611.2k 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 ≈ $18.95.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 11Q4 22: 12Q1 23: 12Q2 23: 12Q3 23: 13Q4 23: 19Q1 24: 14Q2 24: 14Q3 24: 15Q4 24: 19Q1 25: 20Q2 25: 2222Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202211
Q4 202212
Q1 202312
Q2 202312
Q3 202313
Q4 202319
Q1 202414
Q2 202414
Q3 202415
Q4 202419
Q1 202520
Q2 202522

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 23: 8 bought or addedQ3 23: 7 cut or sold outQ4 23: 7 bought or addedQ4 23: 8 cut or sold outQ4 23Q1 24: 5 bought or addedQ1 24: 12 cut or sold outQ2 24: 6 bought or addedQ2 24: 8 cut or sold outQ2 24Q3 24: 5 bought or addedQ3 24: 7 cut or sold outQ4 24: 8 bought or addedQ4 24: 7 cut or sold outQ4 24Q1 25: 11 bought or addedQ1 25: 4 cut or sold outQ2 25: 8 bought or addedQ2 25: 12 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202387
Q4 202378
Q1 2024512
Q2 202468
Q3 202457
Q4 202487
Q1 2025114
Q2 2025812

Biggest buyers

XY Planning Network, Inc. New +236,807+236.8k
JANE STREET GROUP, LLC Added +15,422+15.4k
ROYAL BANK OF CANADA Added +11,660+11.7k
UBS Group AG Added +9,291+9.3k
AE Wealth Management LLC Added +1,558+1.6k
MORGAN STANLEY New +619+619
HARBOUR INVESTMENTS, INC. New +518+518
AdvisorNet Financial, Inc Added +312+312

Biggest sellers

Geneos Wealth Management Inc. Reduced -402,554-402.6k
First International Bank & Trust Reduced -253,563-253.6k
Foundations Investment Advisors, LLC Reduced -163,810-163.8k
TOWNSQUARE CAPITAL LLC Sold out -18,349-18.3k
Anfield Capital Management, LLC Reduced -17,700-17.7k
SLT Holdings LLC Reduced -9,062-9.1k
Avior Wealth Management, LLC Reduced -7,311-7.3k
GeoWealth Management, LLC Reduced -5,478-5.5k
TUCKER ASSET MANAGEMENT LLC Sold out -3,902-3.9k
Independent Advisor Alliance Reduced -2,706-2.7k

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 -3.6 pts · filed 2025-11-03 62.1% -3.6 pts 4.7m 2025-11-03

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Foundations Investment Advisors, LLC 1.49% of their portfolio PHOENIX, AZ 4,963,6645.0m $94.1m $94.1m 1.49% Reduced -163.8k -163,810
2 Anfield Capital Management, LLC 5.11% of their portfolio IRVINE, CA 814,943814.9k $15.4m $15.4m 5.11% Reduced -17.7k -17,700
3 First International Bank & Trust 4.92% of their portfolio WATFORD CITY, ND 746,296746.3k $14.1m $14.1m 4.92% Reduced -253.6k -253,563
4 Geneos Wealth Management Inc. 0.18% of their portfolio ENGLEWOOD, CO 381,624381.6k $7.2m $7.2m 0.18% Reduced -402.6k -402,554
5 XY Planning Network, Inc. 1.53% of their portfolio BOZEMAN, MT 236,807236.8k $4.5m $4.5m 1.53% New
6 SLT Holdings LLC 1.90% of their portfolio SCOTTSDALE, AZ 134,885134.9k $2.6m $2.6m 1.90% Reduced -9.1k -9,062
7 GeoWealth Management, LLC 0.09% of their portfolio CHICAGO, IL 114,955115.0k $2.2m $2.2m 0.09% Reduced -5.5k -5,478
8 Independent Advisor Alliance 0.05% of their portfolio CHARLOTTE, NC 88,42188.4k $1.7m $1.7m 0.05% Reduced -2.7k -2,706
9 AdvisorNet Financial, Inc 0.08% of their portfolio MINNETONKA, MN 68,02468.0k $1.3m $1.3m 0.08% Added +312 +312
10 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 28,52928.5k $540.6k $540.6k 0.00% Added +15.4k +15,422
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 23,32023.3k $442.0k $442.0k 0.00% Added +11.7k +11,660
12 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 18,37918.4k $348.3k $348.3k 0.00% Reduced -725 -725
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 17,78417.8k $337.0k $337.0k 0.00% Added +9.3k +9,291
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 11,42211.4k $216.4k $216.4k 0.00% Unchanged
15 Avior Wealth Management, LLC 0.01% of their portfolio OMAHA, NE 10,52310.5k $197.6k $197.6k 0.01% Reduced -7.3k -7,311
16 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 7,4107.4k $140.4k $140.4k 0.00% Added +1.6k +1,558
17 DecisionPoint Financial, LLC 0.03% of their portfolio MESA, AZ 5,8415.8k $110.8k $110.8k 0.03% Unchanged
18 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,2742.3k $43.1k $43.1k 0.00% Reduced -2.3k -2,274
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 619619 $11.7k $11.7k 0.00% New
20 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 518518 $9.8k $9.8k 0.00% New
21 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 219219 $4.2k $4.2k 0.00% First filing
22 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged