Vault-13

VALUED ADVISERS TR EQTY

KOVITZ CORE EQT · ETP · CUSIP 92046L353

11 institutional holders +2 vs Q3 2023
43,647,23643.6m shares reported held*
$867.8mreported value*
4 new 2 added 2 reduced 2 sold out net sold ≈ $7.8m (-391.2k 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 ≈ $19.88. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

051015Q4 22: 13Q1 23: 10Q2 23: 10Q3 23: 9Q4 23: 1111Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q4 202213
Q1 202310
Q2 202310
Q3 20239
Q4 202311

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q1 23: 3 bought or addedQ1 23: 10 cut or sold outQ1 23Q2 23: 3 bought or addedQ2 23: 4 cut or sold outQ2 23Q3 23: 3 bought or addedQ3 23: 6 cut or sold outQ3 23Q4 23: 6 bought or addedQ4 23: 4 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q1 2023310
Q2 202334
Q3 202336
Q4 202364

Biggest buyers

GTS SECURITIES LLC New +27,733+27.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +24,579+24.6k
TELEMUS CAPITAL, LLC New +21,585+21.6k
MORGAN STANLEY Added +3,916+3.9k
ROYAL BANK OF CANADA Added +2,533+2.5k
UBS Group AG New +1,842+1.8k

Biggest sellers

NorthCoast Asset Management LLC Reduced -431,471-431.5k
ENVESTNET ASSET MANAGEMENT INC Sold out -17,347-17.3k
Procyon Advisors, LLC Sold out -17,347-17.3k
Gratus Capital, LLC Reduced -7,260-7.3k

Biggest calls

None

Biggest puts

CONCOURSE FINANCIAL GROUP SECURITIES, INC. New $00 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.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NorthCoast Asset Management LLC 14.32% of their portfolio STAMFORD, CT 43,429,75143.4m $863.5m $863.5m 14.32% Reduced -431.5k -431,471
2 Gratus Capital, LLC 0.13% of their portfolio ATLANTA, GA 113,226113.2k $2.3m $2.3m 0.13% Reduced -7.3k -7,260
3 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 27,73327.7k $551.4k $551.4k 0.01% New
4 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 24,57924.6k $488.7k $488.7k 0.00% New
5 TELEMUS CAPITAL, LLC 0.04% of their portfolio Southfield, MI 21,58521.6k $429.2k $429.2k 0.04% New
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 19,25619.3k $383.0k $383.0k 0.00% Added +2.5k +2,533
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,8307.8k $155.7k $155.7k 0.00% Added +3.9k +3,916
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,8421.8k $36.6k $36.6k 0.00% New
9 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 1,1901.2k $23.7k $23.7k 0.00% Unchanged
10 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 244244 $4.9k $4.9k 0.00% Unchanged
11 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged