Vault-13

UNIFIED SER TR MGMT

BALLAST SMLMD CP · ETP · CUSIP 90470L550

54 institutional holders +6 vs Q1 2026
2,827,8692.8m shares reported held*
$144.1mreported value*
7 new 15 added 16 reduced 4 sold out net sold ≈ $605.6k (-11.9k 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 ≈ $50.96.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 24Q4 22: 22Q1 23: 22Q2 23: 23Q3 23: 30Q4 23: 35Q1 24: 39Q2 24: 39Q3 24: 39Q4 24: 40Q1 25: 39Q2 25: 41Q3 25: 43Q4 25: 47Q1 26: 48Q2 26: 5454Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202224
Q4 202222
Q1 202322
Q2 202323
Q3 202330
Q4 202335
Q1 202439
Q2 202439
Q3 202439
Q4 202440
Q1 202539
Q2 202541
Q3 202543
Q4 202547
Q1 202648
Q2 202654

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 18 bought or addedQ3 24: 16 cut or sold outQ4 24: 20 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 22 bought or addedQ1 25: 17 cut or sold outQ2 25: 17 bought or addedQ2 25: 17 cut or sold outQ2 25Q3 25: 20 bought or addedQ3 25: 22 cut or sold outQ4 25: 14 bought or addedQ4 25: 20 cut or sold outQ4 25Q1 26: 25 bought or addedQ1 26: 14 cut or sold outQ2 26: 22 bought or addedQ2 26: 20 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241816
Q4 20242014
Q1 20252217
Q2 20251717
Q3 20252022
Q4 20251420
Q1 20262514
Q2 20262220

Biggest buyers

RAYMOND JAMES FINANCIAL INC Added +106,116+106.1k
Commerce Advisors, LLC Added +74,347+74.3k
CARY STREET PARTNERS FINANCIAL LLC New +27,279+27.3k
GTS SECURITIES LLC New +25,495+25.5k
CITADEL ADVISORS LLC New +12,026+12.0k
CPC Advisors, LLC Added +10,420+10.4k
HRT FINANCIAL LP New +10,060+10.1k
Hedeker Wealth, LLC Added +7,072+7.1k
JPMORGAN CHASE & CO Added +6,394+6.4k
Weaver Consulting Group Added +5,770+5.8k

Biggest sellers

Equitable Holdings, Inc. Sold out -90,939-90.9k
Tactive Advisors, LLC Reduced -72,022-72.0k
Employees' Retirement Fund of the City of Fort Worth Sold out -56,800-56.8k
HighTower Advisors, LLC Reduced -40,203-40.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -19,996-20.0k
Rockefeller Capital Management L.P. Reduced -12,326-12.3k
Frontier Asset Management, LLC Reduced -3,459-3.5k
VeraBank, N.A. Reduced -3,335-3.3k
Vann Equity Management LLC Reduced -3,274-3.3k
Englebert Financial Advisers, LLC Reduced -2,613-2.6k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CPC Advisors, LLC 4.71% of their portfolio Atlanta, GA 685,108685.1k $34.9m $34.9m 4.71% Added +10.4k +10,420
2 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 225,715225.7k $11.5m $11.5m 0.00% Added +106.1k +106,116
3 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 201,381201.4k $10.3m $10.3m 0.02% Reduced -12.3k -12,326
4 Hedeker Wealth, LLC 1.65% of their portfolio Lincolnshire, IL 169,432169.4k $8.6m $8.6m 1.65% Added +7.1k +7,072
5 Englebert Financial Advisers, LLC 8.49% of their portfolio Allentown, PA 168,140168.1k $8.6m $8.6m 8.49% Reduced -2.6k -2,613
6 First City Capital Management, Inc. 3.73% of their portfolio SAVANNAH, GA 150,619150.6k $7.7m $7.7m 3.73% Added +4.5k +4,545
7 Weaver Consulting Group 1.57% of their portfolio HUNTINGTON BEACH, CA 149,938149.9k $7.6m $7.6m 1.57% Added +5.8k +5,770
8 Dakota Wealth Management 0.14% of their portfolio PALM BEACH GARDENS, FL 145,061145.1k $7.4m $7.4m 0.14% Reduced -402 -402
9 Commerce Advisors, LLC 3.66% of their portfolio MEMPHIS, TN 132,153132.2k $6.7m $6.7m 3.66% Added +74.3k +74,347
10 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 82,20282.2k $4.2m $4.2m 0.00% Added +2.9k +2,937
11 Cape Investment Advisory, Inc. 1.11% of their portfolio MCDONOUGH, GA 81,43081.4k $4.1m $4.1m 1.11% Added +197 +197
12 Thomasville National Bank 0.20% of their portfolio THOMASVILLE, GA 70,85370.9k $3.6m $3.6m 0.20% First filing
13 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 57,21557.2k $2.9m $2.9m 0.02% Reduced -2.6k -2,573
14 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 49,14849.1k $2.5m $2.5m 0.01% Reduced -165 -165
15 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 40,74540.7k $2.1m $2.1m 0.01% Unchanged
16 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 40,45240.5k $2.1m $2.1m 0.00% Reduced -40.2k -40,203
17 Argent Trust Co 0.06% of their portfolio NASHVILLE, TN 38,68038.7k $2.0m $2.0m 0.06% Unchanged
18 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 35,78535.8k $1.8m $1.8m 0.00% Added +1.2k +1,196
19 CARY STREET PARTNERS FINANCIAL LLC 0.03% of their portfolio RICHMOND, VA 27,27927.3k $1.4m $1.4m 0.03% New
20 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 26,96327.0k $1.4m $1.4m 0.01% Reduced -209 -209
21 GTS SECURITIES LLC 0.03% of their portfolio NEW YORK, NY 25,49525.5k $1.3m $1.3m 0.03% New
22 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.06% of their portfolio CEDAR RAPIDS, IA 24,88324.9k $1.3m $1.3m 0.06% Unchanged
23 Heritage Trust Co 0.07% of their portfolio OKLAHOMA CITY, OK 14,88614.9k $758.6k $758.6k 0.07% Added +1.6k +1,609
24 Miller Global Investments, LLC 0.60% of their portfolio DALLAS, TX 14,30314.3k $728.9k $728.9k 0.60% Reduced -274 -274
25 Pure Financial Advisors, LLC 0.01% of their portfolio SAN DIEGO, CA 13,62913.6k $694.5k $694.5k 0.01% Added +122 +122
26 Verdence Capital Advisors LLC 0.04% of their portfolio HUNT VALLEY, MD 13,46513.5k $686.2k $686.2k 0.04% Added +832 +832
27 Krilogy Financial LLC 0.02% of their portfolio ST. LOUIS, MO 12,32612.3k $628.1k $628.1k 0.02% Reduced -1.9k -1,903
28 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 12,02612.0k $612.8k $612.8k 0.00% New
29 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 10,57510.6k $538.9k $538.9k 0.00% Reduced -560 -560
30 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 10,06010.1k $512.0k $512.0k 0.00% New
31 Tactive Advisors, LLC 0.12% of their portfolio Jacksonville, FL 9,7229.7k $495.4k $495.4k 0.12% Reduced -72.0k -72,022
32 SpringVest Wealth Management LLC 0.29% of their portfolio DALLAS, TX 9,0939.1k $463.4k $463.4k 0.29% Added +1.8k +1,780
33 Capital Advisors, Ltd. LLC 0.04% of their portfolio SHAKER HEIGHTS, OH 7,8927.9k $402.0k $402.0k 0.04% Unchanged
34 SAPIENT CAPITAL LLC 0.01% of their portfolio INDIANAPOLIS, IN 7,8427.8k $399.6k $399.6k 0.01% Added +1.7k +1,721
35 Summit Asset Management, LLC 0.05% of their portfolio MEMPHIS, TN 7,6507.7k $389.8k $389.8k 0.05% Unchanged
36 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 7,4037.4k $377.3k $377.3k 0.00% Unchanged
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,4936.5k $329.0k $329.0k 0.00% Added +6.4k +6,394
38 QUANTIFY CHAOS ADVISORS, LLC 0.76% of their portfolio BROOKLYN, NY 5,3025.3k $270.2k $270.2k 0.76% Unchanged
39 Frontier Asset Management, LLC 0.05% of their portfolio SHERIDAN, WY 5,1945.2k $264.7k $264.7k 0.05% Reduced -3.5k -3,459
40 Atlas Brown,Inc. 0.07% of their portfolio LOUISVILLE, KY 5,0005.0k $254.8k $254.8k 0.07% Unchanged
41 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 4,5934.6k $234.1k $234.1k 0.00% Reduced -249 -249
42 Vann Equity Management LLC 0.14% of their portfolio PLANO, TX 4,3864.4k $223.5k $223.5k 0.14% Reduced -3.3k -3,274
43 VeraBank, N.A. 0.04% of their portfolio HENDERSON, TX 4,2384.2k $216.0k $216.0k 0.04% Reduced -3.3k -3,335
44 Allied Private Wealth LLC 0.12% of their portfolio BOCA RATON, FL 3,7153.7k $183.9k $183.9k 0.12% First filing
45 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 3,6443.6k $185.7k $185.7k 0.00% Unchanged
46 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 3,5173.5k $179.2k $179.2k 0.00% First filing
47 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 655655 $33.4k $33.4k 0.00% Unchanged
48 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 596596 $30.4k $30.4k 0.00% Reduced -790 -790
49 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 300300 $15.3k $15.3k 0.00% Unchanged
50 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 286286 $14.5k $14.5k 0.00% New
51 BlackRock, Inc. 0.00% of their portfolio New York, NY 249249 $12.7k $12.7k 0.00% New
52 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 102102 $5.2k $5.2k 0.00% New
53 FMR LLC 0.00% of their portfolio BOSTON, MA 3434 $1.7k $1.7k 0.00% Unchanged
54 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1616 $815 $815 0.00% Unchanged