Vault-13

UNITED STS COMMODITY INDEX F CPER

CM REP COPP FD · ETP · CUSIP 911718104

146 institutional holders +15 vs Q1 2026
5,653,3495.7m shares reported held*
$213.3mreported value*
32 new 47 added 30 reduced 17 sold out net sold ≈ $9.2m (-244.3k 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 ≈ $37.73. Options: 12 managers hold calls ($114.0m notional), 9 hold puts ($46.6m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 44Q4 22: 53Q1 23: 50Q2 23: 47Q3 23: 47Q4 23: 48Q1 24: 51Q2 24: 64Q3 24: 62Q4 24: 61Q1 25: 68Q2 25: 79Q3 25: 78Q4 25: 104Q1 26: 131Q2 26: 146146Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202244
Q4 202253
Q1 202350
Q2 202347
Q3 202347
Q4 202348
Q1 202451
Q2 202464
Q3 202462
Q4 202461
Q1 202568
Q2 202579
Q3 202578
Q4 2025104
Q1 2026131
Q2 2026146

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 26 bought or addedQ3 24: 26 cut or sold outQ4 24: 21 bought or addedQ4 24: 30 cut or sold outQ4 24Q1 25: 30 bought or addedQ1 25: 17 cut or sold outQ2 25: 40 bought or addedQ2 25: 20 cut or sold outQ2 25Q3 25: 47 bought or addedQ3 25: 32 cut or sold outQ4 25: 70 bought or addedQ4 25: 22 cut or sold outQ4 25Q1 26: 87 bought or addedQ1 26: 41 cut or sold outQ2 26: 79 bought or addedQ2 26: 47 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242626
Q4 20242130
Q1 20253017
Q2 20254020
Q3 20254732
Q4 20257022
Q1 20268741
Q2 20267947

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150mQ3 25 calls: $8.3mQ3 25 puts: $8.2mQ3 25P/C 0.98Q4 25 calls: $31.4mQ4 25 puts: $9.7mQ4 25P/C 0.31Q1 26 calls: $109.8mQ1 26 puts: $29.8mQ1 26P/C 0.27Q2 26 calls: $114.0mQ2 26 puts: $46.6mQ2 26P/C 0.41
Numbers
QuarterCallsPutsP/C
Q3 2025$8.3m$8.2m0.98
Q4 2025$31.4m$9.7m0.31
Q1 2026$109.8m$29.8m0.27
Q2 2026$114.0m$46.6m0.41

Biggest buyers

ROYAL BANK OF CANADA Added +178,237+178.2k
JANE STREET GROUP, LLC Added +91,275+91.3k
GROUP ONE TRADING LLC Added +85,464+85.5k
Park Edge Advisors, LLC New +76,708+76.7k
MORGAN STANLEY Added +75,427+75.4k
CITIGROUP INC New +68,017+68.0k
GOLDMAN SACHS GROUP INC New +66,297+66.3k
Proficio Capital Partners LLC New +65,820+65.8k
Arax Advisory Partners Added +40,827+40.8k
Manatuck Hill Partners, LLC New +40,000+40.0k

Biggest sellers

Mirae Asset Global Investments Co., Ltd. Reduced -744,600-744.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -223,852-223.9k
Rockefeller Capital Management L.P. Reduced -196,081-196.1k
AMERIPRISE FINANCIAL INC Reduced -136,744-136.7k
ENVESTNET ASSET MANAGEMENT INC Reduced -58,031-58.0k
NORTHERN TRUST CORP Sold out -25,050-25.1k
LPL Financial LLC Reduced -18,579-18.6k
SIMPLEX TRADING, LLC Reduced -17,848-17.8k
Kestra Advisory Services, LLC Reduced -15,601-15.6k
Private Advisor Group, LLC Sold out -11,466-11.5k

Biggest calls

GROUP ONE TRADING LLC Reduced $33.6m889.6k shares
CITADEL ADVISORS LLC Reduced $23.3m618.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $22.5m595.5k shares
JANE STREET GROUP, LLC Reduced $10.8m286.7k shares
IMC-Chicago, LLC Reduced $9.0m237.6k shares
SIMPLEX TRADING, LLC Reduced $8.6m228.8k shares
Periscope Capital Inc. Added $4.5m120.0k shares
MONETA GROUP INVESTMENT ADVISORS LLC New $1.3m35.0k shares
Tidal Investments LLC Added $252.8k6.7k shares
Cerity Partners LLC New $113.2k3.0k shares

Biggest puts

ROYAL BANK OF CANADA Added $10.1m268.1k shares
JANE STREET GROUP, LLC Added $9.8m260.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.6m229.2k shares
CITADEL ADVISORS LLC Reduced $7.4m196.0k shares
NOMURA HOLDINGS INC New $3.9m104.0k shares
IMC-Chicago, LLC Added $2.8m74.9k shares
SIMPLEX TRADING, LLC Added $1.8m48.6k shares
GROUP ONE TRADING LLC Added $1.8m48.5k shares
BANK OF MONTREAL /CAN/ Unchanged $233.9k6.2k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 1,227,4571.2m $46.3m $46.3m 0.04% Reduced -223.9k -223,852
2 UBS Group AG 0.00% of their portfolio ZURICH, V8 443,952444.0k $16.8m $16.8m 0.00% Added +28.7k +28,735
3 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 337,449337.4k $12.7m $12.7m 0.00% Added +178.2k +178,237
4 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 262,954263.0k $9.9m $9.9m 0.00% Reduced -136.7k -136,744
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 256,887256.9k $9.7m $9.7m 0.00% Reduced -18.6k -18,579
6 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 173,261173.3k $6.5m $6.5m 0.00% Added +91.3k +91,275
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 152,699152.7k $5.8m $5.8m 0.00% Added +6.9k +6,899
8 GROUP ONE TRADING LLC 0.14% of their portfolio CHICAGO, IL 133,301133.3k $5.0m $5.0m 0.14% Added +85.5k +85,464
9 Brookwood Investment Group LLC 0.53% of their portfolio PHOENIX, AZ 120,463120.5k $4.5m $4.5m 0.53% Added +33.2k +33,160
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 101,589101.6k $3.8m $3.8m 0.00% Added +75.4k +75,427
11 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 82,09282.1k $3.1m $3.1m 0.02% Added +5.8k +5,769
12 Park Edge Advisors, LLC 0.62% of their portfolio Cleveland, OH 76,70876.7k $2.9m $2.9m 0.62% New
13 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 73,04173.0k $2.8m $2.8m 0.01% Added +12.2k +12,233
14 SIMPLEX TRADING, LLC 0.07% of their portfolio CHICAGO, IL 72,19872.2k $2.7m $2.7m 0.07% Reduced -17.8k -17,848
15 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 71,81971.8k $2.7m $2.7m 0.00% Added +30.7k +30,697
16 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 68,27468.3k $2.6m $2.6m 0.00% Added +34.2k +34,204
17 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 68,01768.0k $2.6m $2.6m 0.00% New
18 Strategic Blueprint, LLC 0.13% of their portfolio ATLANTA, GA 67,58767.6k $2.6m $2.6m 0.13% Reduced -3.8k -3,815
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 67,25667.3k $2.5m $2.5m 0.00% Reduced -58.0k -58,031
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 66,29766.3k $2.5m $2.5m 0.00% New
21 Proficio Capital Partners LLC 0.09% of their portfolio NEWTON, MA 65,82065.8k $2.5m $2.5m 0.09% New
22 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 64,87764.9k $2.4m $2.4m 0.00% Added +11.7k +11,656
23 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 64,33564.3k $2.4m $2.4m 0.00% Added +8.1k +8,050
24 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 63,12563.1k $2.4m $2.4m 0.00% Added +26.9k +26,896
25 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 60,00060.0k $2.3m $2.3m 0.00% Added +1.5k +1,500
26 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 58,55458.6k $2.2m $2.2m 0.00% Added +29.8k +29,766
27 TD Waterhouse Canada Inc. 0.01% of their portfolio TORONTO, A6 57,38757.4k $2.1m $2.1m 0.01% Added +399 +399
28 Knollwood Investment Advisory, LLC 0.18% of their portfolio HUNT VALLEY, MD 54,91854.9k $2.1m $2.1m 0.18% Unchanged
29 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 53,83753.8k $2.0m $2.0m 0.00% Unchanged
30 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 51,81651.8k $2.0m $2.0m 0.00% Added +31.1k +31,102
31 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 46,44046.4k $1.8m $1.8m 0.01% Added +300 +300
32 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 44,42844.4k $1.7m $1.7m 0.00% Added +29.1k +29,112
33 Arax Advisory Partners 0.01% of their portfolio NEW YORK, NY 43,53743.5k $1.6m $1.6m 0.01% Added +40.8k +40,827
34 Mariner, LLC 0.00% of their portfolio Overland Park, KS 43,29143.3k $1.6m $1.6m 0.00% Added +12.9k +12,868
35 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 42,25742.3k $1.6m $1.6m 0.00% Reduced -196.1k -196,081
36 Clare Market Investments LLC 0.28% of their portfolio DALLAS, TX 40,48040.5k $1.5m $1.5m 0.28% Added +7.6k +7,620
37 Manatuck Hill Partners, LLC 0.50% of their portfolio WESTPORT, CT 40,00040.0k $1.5m $1.5m 0.50% New
38 Summit Financial, LLC 0.02% of their portfolio PARSIPPANY, NJ 39,72839.7k $1.5m $1.5m 0.02% Added +7.8k +7,815
39 BigSur Wealth Management LLC 0.32% of their portfolio MIAMI, FL 34,83934.8k $1.3m $1.3m 0.32% Added +18.0k +18,000
40 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 31,68931.7k $1.2m $1.2m 0.00% Reduced -11.3k -11,298
41 MATAURO, LLC 0.15% of their portfolio NEW YORK, NY 31,02031.0k $1.2m $1.2m 0.15% Reduced -7.3k -7,341
42 FLOW TRADERS U.S. LLC 0.05% of their portfolio NEW YORK, NY 29,44229.4k $1.1m $1.1m 0.05% Reduced -8.9k -8,857
43 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 27,28627.3k $1.0m $1.0m 0.00% Unchanged
44 Exit Wealth Advisors, LLC. 0.44% of their portfolio ATLANTA, GA 25,64925.6k $967.7k $967.7k 0.44% Added +17.9k +17,934
45 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 25,59325.6k $965.6k $965.6k 0.00% New
46 HOEY INVESTMENTS, INC 0.13% of their portfolio COATESVILLE, PA 25,35025.4k $956.5k $956.5k 0.13% Reduced -2.6k -2,600
47 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 24,10824.1k $909.6k $909.6k 0.01% Reduced -2.9k -2,878
48 SMART Wealth LLC 0.16% of their portfolio Omaha, NE 19,21019.2k $724.8k $724.8k 0.16% Reduced -4.0k -4,033
49 MAINSTAY CAPITAL MANAGEMENT LLC /ADV 0.05% of their portfolio GRAND BLANC, MI 19,15819.2k $722.8k $722.8k 0.05% Reduced -51 -51
50 BASSO CAPITAL MANAGEMENT, L.P. 0.18% of their portfolio STAMFORD, CT 19,11519.1k $721.2k $721.2k 0.18% Added +4.2k +4,210
51 Belpointe Asset Management LLC 0.02% of their portfolio RENO, NV 19,06019.1k $719.1k $719.1k 0.02% Added +117 +117
52 Pettinga Financial Advisors LLC 0.10% of their portfolio EVANSVILLE, IN 16,40716.4k $619.0k $619.0k 0.10% Unchanged
53 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 16,19616.2k $611.1k $611.1k 0.00% Added +14.8k +14,837
54 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 14,26614.3k $538.2k $538.2k 0.01% Unchanged
55 WHITTIER TRUST CO 0.01% of their portfolio SOUTH PASADENA, CA 14,00914.0k $530.1k $530.1k 0.01% Unchanged
56 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 13,92113.9k $525.2k $525.2k 0.00% Reduced -2.1k -2,144
57 MGO ONE SEVEN LLC 0.01% of their portfolio Beachwood, OH 13,85313.9k $522.7k $522.7k 0.01% Added +4.1k +4,128
58 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 13,50013.5k $509.4k $509.4k 0.00% Reduced -744.6k -744,600
59 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 12,87812.9k $485.9k $485.9k 0.00% Added +814 +814
60 ISTHMUS PARTNERS, LLC 0.05% of their portfolio MADISON, WI 12,80012.8k $482.9k $482.9k 0.05% Unchanged
61 IFG Advisory, LLC 0.02% of their portfolio ATLANTA, GA 12,71312.7k $479.7k $479.7k 0.02% New
62 Platform Technology Partners 0.07% of their portfolio NEW YORK, NY 12,04412.0k $454.4k $454.4k 0.07% Reduced -45 -45
63 Fiduciary Alliance LLC 0.03% of their portfolio GREENVILLE, SC 11,83011.8k $446.3k $446.3k 0.03% Added +83 +83
64 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 10,96911.0k $413.9k $413.9k 0.00% Reduced -21 -21
65 Herold Advisors, Inc. 0.08% of their portfolio New York, NY 10,80010.8k $407.0k $407.0k 0.08% Unchanged
66 Garde Capital, Inc. 0.02% of their portfolio SEATTLE, WA 10,78010.8k $406.7k $406.7k 0.02% Reduced -602 -602
67 Ignite Planners, LLC 0.06% of their portfolio SAN CLEMENTE, CA 10,77910.8k $407.5k $407.5k 0.06% Added +636 +636
68 Continuum Advisory, LLC 0.03% of their portfolio EAGLE, ID 10,18110.2k $384.1k $384.1k 0.03% Added +1.8k +1,763
69 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 9,8439.8k $371.4k $371.4k 0.00% Unchanged
70 Advyzon Investment Management, LLC 0.03% of their portfolio LISLE, IL 9,6899.7k $365.6k $365.6k 0.03% New
71 CREATIVE FINANCIAL DESIGNS INC /ADV 0.02% of their portfolio KOKOMO, IN 9,6809.7k $365.2k $365.2k 0.02% Added +3.7k +3,699
72 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 9,0099.0k $339.9k $339.9k 0.00% Reduced -89 -89
73 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 8,8198.8k $332.7k $332.7k 0.00% Reduced -15.6k -15,601
74 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 8,4378.4k $318.3k $318.3k 0.00% Reduced -660 -660
75 FIDELIS CAPITAL PARTNERS, LLC 0.02% of their portfolio TAMPA, FL 8,3878.4k $316.4k $316.4k 0.02% Unchanged
76 Advisory Alpha, LLC 0.01% of their portfolio HOLLAND, MI 8,2958.3k $313.0k $313.0k 0.01% Reduced -1 -1
77 Sidoxia Capital Management, LLC 0.21% of their portfolio NEWPORT BEACH, CA 7,7267.7k $291.5k $291.5k 0.21% Reduced -156 -156
78 Moors & Cabot, Inc. 0.01% of their portfolio BOSTON, MA 7,6487.6k $288.6k $288.6k 0.01% New
79 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 7,4347.4k $280.0k $280.0k 0.00% Added +469 +469
80 BRIGHTON JONES LLC 0.01% of their portfolio SEATTLE, WA 7,2207.2k $272.4k $272.4k 0.01% Unchanged
81 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 7,1127.1k $268.3k $268.3k 0.00% Added +3.3k +3,340
82 Argyle Capital Partners, LLC 0.17% of their portfolio LOS ANGELES, CA 7,0887.1k $267.4k $267.4k 0.17% Added +285 +285
83 NewEdge Wealth, LLC 0.00% of their portfolio STAMFORD, CT 7,0707.1k $266.8k $266.8k 0.00% Added +935 +935
84 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 6,7326.7k $254.0k $254.0k 0.00% New
85 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 6,7316.7k $254.0k $254.0k 0.00% Added +145 +145
86 MUSTICO FINANCIAL GROUP, INC. 0.16% of their portfolio ELMIRA, NY 6,5676.6k $251.8k $251.8k 0.16% New
87 Summit Trail Advisors, LLC 0.00% of their portfolio NEW YORK, NY 6,5136.5k $245.7k $245.7k 0.00% Unchanged
88 PFG Investments, LLC 0.01% of their portfolio WOODBURY, NY 6,2476.2k $235.7k $235.7k 0.01% Reduced -50 -50
89 Main Street Financial Solutions, LLC 0.02% of their portfolio NEWTOWN, PA 6,2256.2k $234.9k $234.9k 0.02% New
90 CENTRAL TRUST Co 0.00% of their portfolio JEFFERSON CITY, MO 5,9315.9k $223.8k $223.8k 0.00% Unchanged
91 Hilltop Holdings Inc. 0.02% of their portfolio DALLAS, TX 5,6905.7k $214.7k $214.7k 0.02% New
92 Permanent Capital Management, LP 0.03% of their portfolio CHICAGO, IL 5,5805.6k $210.5k $210.5k 0.03% Unchanged
93 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 5,5775.6k $208.2k $208.2k 0.00% Reduced -55 -55
94 LEVIN CAPITAL STRATEGIES, L.P. 0.01% of their portfolio NEW YORK, NY 5,5705.6k $210.2k $210.2k 0.01% New
95 TCFG Investment Advisors, LLC 0.07% of their portfolio LAGUNA NIGUEL, CA 5,4645.5k $206.2k $206.2k 0.07% New
96 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 5,3565.4k $202.1k $202.1k 0.00% New
97 PARK AVENUE SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 5,3455.3k $202.0k $202.0k 0.00% New
98 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 5,3325.3k $201.2k $201.2k 0.00% Reduced -67 -67
99 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,0573.1k $115.3k $115.3k 0.00% Added +2.2k +2,198
100 Strategic Wealth Partners, Ltd. 0.00% of their portfolio INDEPENDENCE, OH 2,1082.1k $79.5k $79.5k 0.00% Unchanged