Vault-13

VALUED ADVISERS TR MBSF

REGAN FLTG RATE · ETP · CUSIP 92046L338

50 institutional holders +8 vs Q3 2025
4,935,5564.9m shares reported held*
$126.6mreported value*
9 new 18 added 15 reduced 4 sold out net sold ≈ $4.3m (-169.1k 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 ≈ $25.65.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 24: 15Q2 24: 24Q3 24: 31Q4 24: 35Q1 25: 43Q2 25: 50Q3 25: 42Q4 25: 5050Q1 24Q3 24Q1 25Q3 25Q4 25
Numbers
QuarterHolders
Q1 202415
Q2 202424
Q3 202431
Q4 202435
Q1 202543
Q2 202550
Q3 202542
Q4 202550

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 18 bought or addedQ2 24: 5 cut or sold outQ2 24Q3 24: 24 bought or addedQ3 24: 8 cut or sold outQ4 24: 21 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 27 bought or addedQ1 25: 16 cut or sold outQ2 25: 33 bought or addedQ2 25: 20 cut or sold outQ2 25Q3 25: 24 bought or addedQ3 25: 22 cut or sold outQ4 25: 27 bought or addedQ4 25: 19 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q2 2024185
Q3 2024248
Q4 20242115
Q1 20252716
Q2 20253320
Q3 20252422
Q4 20252719

Biggest buyers

United Asset Strategies, Inc. New +103,262+103.3k
ROYAL BANK OF CANADA New +83,100+83.1k
Acorn Wealth Advisors, LLC Added +63,150+63.1k
GOLDMAN SACHS GROUP INC New +54,875+54.9k
Bison Wealth, LLC Added +38,021+38.0k
Castleview Partners, LLC Added +32,598+32.6k
Auour Investments LLC Added +31,702+31.7k
CacheTech Inc. New +30,039+30.0k
LPL Financial LLC New +24,240+24.2k
Cambridge Investment Research Advisors, Inc. New +14,455+14.5k

Biggest sellers

HBW ADVISORY SERVICES LLC Reduced -214,866-214.9k
Sanctuary Advisors, LLC Reduced -116,985-117.0k
WealthPlan Investment Management, LLC Reduced -94,015-94.0k
JANE STREET GROUP, LLC Sold out -71,335-71.3k
Balefire, LLC Reduced -51,385-51.4k
IAMS WEALTH MANAGEMENT, LLC Sold out -39,694-39.7k
Touchstone Capital, Inc. Sold out -37,259-37.3k
Apollon Wealth Management, LLC Reduced -19,665-19.7k
CITADEL ADVISORS LLC Reduced -16,353-16.4k
WealthPLAN Partners, LLC Reduced -15,194-15.2k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Castleview Partners, LLC 13.99% of their portfolio DALLAS, TX 1,101,1381.1m $28.2m $28.2m 13.99% Added +32.6k +32,598
2 WealthPlan Investment Management, LLC 0.61% of their portfolio OMAHA, NE 373,532373.5k $9.6m $9.6m 0.61% Reduced -94.0k -94,015
3 Balefire, LLC 1.77% of their portfolio DALLAS, TX 353,761353.8k $9.1m $9.1m 1.77% Reduced -51.4k -51,385
4 Auour Investments LLC 2.49% of their portfolio WOBURN, MA 305,455305.5k $7.8m $7.8m 2.49% Added +31.7k +31,702
5 Biltmore Family Office, LLC 1.00% of their portfolio CHARLOTTE, NC 282,620282.6k $7.2m $7.2m 1.00% Added +9.7k +9,731
6 Diesslin Group, Inc. 2.42% of their portfolio FORT WORTH, TX 237,709237.7k $6.1m $6.1m 2.42% First filing
7 CWC Advisors, LLC. 2.49% of their portfolio LAKE OSWEGO, OR 201,235201.2k $5.2m $5.2m 2.49% Added +11.5k +11,484
8 State of New Jersey Common Pension Fund D 0.02% of their portfolio TRENTON, NJ 200,000200.0k $5.1m $5.1m 0.02% Unchanged
9 Sterneck Capital Management, LLC 2.24% of their portfolio KANSAS CITY, MO 193,636193.6k $5.0m $5.0m 2.24% Added +7.2k +7,209
10 EXCHANGE TRADED CONCEPTS, LLC 0.04% of their portfolio Oklahoma City, OK 168,457168.5k $4.3m $4.3m 0.04% Added +3.5k +3,461
11 Camarda Financial Advisors, LLC 1.16% of their portfolio FLEMING ISLAND, FL 118,852118.9k $3.0m $3.0m 1.16% Reduced -2.7k -2,669
12 Bison Wealth, LLC 0.32% of their portfolio ATLANTA, GA 109,841109.8k $2.8m $2.8m 0.32% Added +38.0k +38,021
13 WealthPLAN Partners, LLC 0.42% of their portfolio OMAHA, NE 109,220109.2k $2.8m $2.8m 0.42% Reduced -15.2k -15,194
14 United Asset Strategies, Inc. 0.20% of their portfolio GARDEN CITY, NY 103,262103.3k $2.6m $2.6m 0.20% New
15 Apollon Wealth Management, LLC 0.04% of their portfolio MOUNT PLEASANT, SC 88,57088.6k $2.3m $2.3m 0.04% Reduced -19.7k -19,665
16 Acorn Wealth Advisors, LLC 0.66% of their portfolio Grand Blanc, MI 86,62186.6k $2.2m $2.2m 0.66% Added +63.1k +63,150
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 83,10083.1k $2.1m $2.1m 0.00% New
18 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 80,28880.3k $2.1m $2.1m 0.02% Reduced -12.3k -12,270
19 BlackDiamond Wealth Management, LLC 0.96% of their portfolio NEW YORK, NY 76,83776.8k $2.0m $2.0m 0.96% Added +1.6k +1,552
20 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 71,51771.5k $1.8m $1.8m 0.01% Added +12.4k +12,423
21 WESPAC Advisors, LLC 0.95% of their portfolio ORINDA, CA 68,54068.5k $1.8m $1.8m 0.95% Reduced -10.0k -9,961
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 54,87554.9k $1.4m $1.4m 0.00% New
23 ENDEAVOR PRIVATE WEALTH, INC. 0.38% of their portfolio TOPEKA, KS 51,69251.7k $1.3m $1.3m 0.38% Added +7.2k +7,172
24 HBW ADVISORY SERVICES LLC 0.14% of their portfolio SIMI VALLEY, CA 50,00350.0k $1.3m $1.3m 0.14% Reduced -214.9k -214,866
25 BEAM WEALTH ADVISORS, INC. 0.28% of their portfolio COVINGTON, LA 39,26139.3k $1.0m $1.0m 0.28% Reduced -4.1k -4,091
26 Dynamic Advisor Solutions LLC 0.03% of their portfolio PHOENIX, AZ 31,26831.3k $801.9k $801.9k 0.03% Added +3.5k +3,502
27 CacheTech Inc. 0.14% of their portfolio LOGAN, UT 30,03930.0k $770.3k $770.3k 0.14% New
28 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 24,24024.2k $621.6k $621.6k 0.00% New
29 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 21,68621.7k $556.1k $556.1k 0.00% Reduced -117.0k -116,985
30 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 20,84020.8k $534.4k $534.4k 0.00% Reduced -600 -600
31 LANE BROTHERS & CO INC 0.35% of their portfolio PRESCOTT, AZ 18,62518.6k $477.6k $477.6k 0.35% First filing
32 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 17,88117.9k $458.6k $458.6k 0.02% Reduced -2.2k -2,229
33 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 15,74115.7k $404.0k $404.0k 0.01% Added +7.0k +7,037
34 Global View Capital Management LLC 0.07% of their portfolio WAUKESHA, WI 15,28915.3k $392.1k $392.1k 0.07% Reduced -752 -752
35 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,45514.5k $371.0k $371.0k 0.00% New
36 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 12,84712.8k $329.5k $329.5k 0.00% Reduced -16.4k -16,353
37 SILVER OAK SECURITIES, INCORPORATED 0.02% of their portfolio JACKSON, TN 12,59312.6k $322.5k $322.5k 0.02% Added +1.1k +1,079
38 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 12,50512.5k $320.7k $320.7k 0.01% Added +584 +584
39 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 12,14812.1k $311.5k $311.5k 0.00% Unchanged
40 Chicago Partners Investment Group LLC 0.01% of their portfolio CHICAGO, IL 10,41910.4k $267.8k $267.8k 0.01% Added +155 +155
41 J2 Capital Management Inc 0.19% of their portfolio TROY, MI 10,27310.3k $263.4k $263.4k 0.19% Unchanged
42 TCP Asset Management, LLC 0.04% of their portfolio Upper Arlington, OH 8,9939.0k $230.6k $230.6k 0.04% New
43 Stegent Equity Advisors, Inc. 0.18% of their portfolio HOUSTON, TX 8,7708.8k $224.9k $224.9k 0.18% Reduced -654 -654
44 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 8,4018.4k $215.4k $215.4k 0.00% First filing
45 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 8,3528.4k $214.2k $214.2k 0.00% Added +741 +741
46 Weaver Consulting Group 0.05% of their portfolio HUNTINGTON BEACH, CA 8,0508.1k $206.4k $206.4k 0.05% Unchanged
47 FWL INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio Dallas, TX 1,4301.4k $36.7k $36.7k 0.01% Unchanged
48 UBS Group AG 0.00% of their portfolio ZURICH, V8 334334 $8.6k $8.6k 0.00% New
49 CWM, LLC 0.00% of their portfolio OMAHA, NE 212212 $5.0k $5.0k 0.00% Added +3 +3
50 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 143143 $3.7k $3.7k 0.00% New