Vault-13

ULTIMUS MANAGERS TR MDST

WESTWOOD SALIENT · ETP · CUSIP 90386K589

37 institutional holders +6 vs Q1 2026
5,172,0775.2m shares reported held*
$149.4mreported value*
9 new 17 added 7 reduced 2 sold out net bought ≈ $28.1m (+973.6k 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 ≈ $28.88.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q2 24: 5Q3 24: 6Q4 24: 9Q1 25: 9Q2 25: 13Q3 25: 22Q4 25: 25Q1 26: 31Q2 26: 3737Q2 24Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q2 20245
Q3 20246
Q4 20249
Q1 20259
Q2 202513
Q3 202522
Q4 202525
Q1 202631
Q2 202637

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 4 bought or addedQ3 24: 2 cut or sold outQ4 24: 6 bought or addedQ4 24: 2 cut or sold outQ4 24Q1 25: 6 bought or addedQ1 25: 3 cut or sold outQ2 25: 9 bought or addedQ2 25: 3 cut or sold outQ2 25Q3 25: 20 bought or addedQ3 25: 4 cut or sold outQ4 25: 16 bought or addedQ4 25: 10 cut or sold outQ4 25Q1 26: 21 bought or addedQ1 26: 8 cut or sold outQ2 26: 26 bought or addedQ2 26: 9 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202442
Q4 202462
Q1 202563
Q2 202593
Q3 2025204
Q4 20251610
Q1 2026218
Q2 2026269

Biggest buyers

MORGAN STANLEY Added +471,367+471.4k
Chicago Partners Investment Group LLC Added +99,141+99.1k
LPL Financial LLC Added +77,216+77.2k
Cambridge Investment Research Advisors, Inc. Added +60,207+60.2k
North Star Investment Management Corp. Added +48,100+48.1k
Janney Montgomery Scott LLC Added +34,699+34.7k
OLD MISSION CAPITAL LLC New +26,186+26.2k
ROYAL BANK OF CANADA Added +25,667+25.7k
JANE STREET GROUP, LLC New +24,721+24.7k
COMMONWEALTH EQUITY SERVICES, LLC Added +23,027+23.0k

Biggest sellers

Garden State Investment Advisory Services LLC Reduced -8,675-8.7k
WESTWOOD HOLDINGS GROUP INC Reduced -5,270-5.3k
SHEPHERD KAPLAN KROCHUK, LLC Reduced -1,078-1.1k
UBS Group AG Sold out -757-757
Steward Partners Investment Advisory, LLC Reduced -744-744
Avidian Wealth Enterprises, LLC Reduced -592-592
Tandem Financial, LLC Reduced -490-490
ENVESTNET ASSET MANAGEMENT INC Reduced -396-396
AE Wealth Management LLC Sold out -159-159

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WESTWOOD HOLDINGS GROUP INC 0.34% of their portfolio DALLAS, TX 1,581,5491.6m $45.6m $45.6m 0.34% Reduced -5.3k -5,270
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,179,5171.2m $34.0m $34.0m 0.01% Added +77.2k +77,216
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 559,248559.2k $16.1m $16.1m 0.00% Added +471.4k +471,367
4 North Star Investment Management Corp. 0.34% of their portfolio CHICAGO, IL 217,786217.8k $6.3m $6.3m 0.34% Added +48.1k +48,100
5 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 207,936207.9k $6.0m $6.0m 0.01% Added +34.7k +34,699
6 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 202,455202.5k $5.8m $5.8m 0.01% Added +14.0k +14,003
7 Chicago Partners Investment Group LLC 0.12% of their portfolio CHICAGO, IL 196,857196.9k $5.9m $5.9m 0.12% Added +99.1k +99,141
8 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 158,829158.8k $4.6m $4.6m 0.00% Added +20.9k +20,900
9 Miller Global Investments, LLC 2.72% of their portfolio DALLAS, TX 113,986114.0k $3.3m $3.3m 2.72% Unchanged
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 113,469113.5k $3.3m $3.3m 0.00% Added +25.7k +25,667
11 Garden State Investment Advisory Services LLC 0.51% of their portfolio Red Bank, NJ 90,32590.3k $2.6m $2.6m 0.51% Reduced -8.7k -8,675
12 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 89,26089.3k $2.6m $2.6m 0.00% Added +60.2k +60,207
13 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 88,62988.6k $2.6m $2.6m 0.00% Added +23.0k +23,027
14 Clear Trail Advisors, LLC 0.28% of their portfolio HOUSTON, TX 62,63962.6k $1.8m $1.8m 0.28% Added +3.0k +2,983
15 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 43,35143.4k $1.3m $1.3m 0.00% Added +20.1k +20,109
16 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 43,25943.3k $1.2m $1.2m 0.02% Added +12.8k +12,835
17 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 28,87928.9k $832.6k $832.6k 0.01% Added +9.2k +9,223
18 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 26,18626.2k $754.9k $754.9k 0.02% New
19 Tandem Financial, LLC 0.23% of their portfolio GREENWOOD VILLAGE, CO 25,10325.1k $729.4k $729.4k 0.23% Reduced -490 -490
20 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 24,72124.7k $712.7k $712.7k 0.00% New
21 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 19,77219.8k $570.0k $570.0k 0.00% Reduced -744 -744
22 SHEPHERD KAPLAN KROCHUK, LLC 0.40% of their portfolio Boston, MA 17,46817.5k $503.6k $503.6k 0.40% Reduced -1.1k -1,078
23 SILVER OAK SECURITIES, INCORPORATED 0.03% of their portfolio JACKSON, TN 15,91215.9k $458.7k $458.7k 0.03% Added +1.2k +1,244
24 Tactive Advisors, LLC 0.09% of their portfolio Jacksonville, FL 12,48612.5k $360.0k $360.0k 0.09% Added +1.0k +1,032
25 Avidian Wealth Enterprises, LLC 0.01% of their portfolio Houston, TX 11,54511.5k $332.8k $332.8k 0.01% Reduced -592 -592
26 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 9,5359.5k $274.9k $274.9k 0.00% Reduced -396 -396
27 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 8,8008.8k $253.7k $253.7k 0.00% New
28 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 7,0097.0k $202.1k $202.1k 0.00% New
29 Founders Financial Alliance, LLC 0.02% of their portfolio RALEIGH, NC 5,6565.7k $163.1k $163.1k 0.02% Unchanged
30 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 5,6005.6k $161.4k $161.4k 0.00% Unchanged
31 CHILTON CAPITAL MANAGEMENT LLC 0.00% of their portfolio HOUSTON, TX 2,0002.0k $57.7k $57.7k 0.00% New
32 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 726726 $20.9k $20.9k 0.00% Added +234 +234
33 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 500500 $14.0k $14.0k 0.00% Unchanged
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 462462 $13.4k $13.4k 0.00% New
35 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 462462 $13.3k $13.3k 0.00% New
36 Key Financial Inc 0.00% of their portfolio WEST CHESTER, PA 150150 $4.3k $4.3k 0.00% New
37 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 1010 $288 $288 0.00% New