VOLATILITY SHS TR SOLZ
SOLANA ETF · ETP · CUSIP 92864M822
45
institutional holders
+7 vs Q4 2025
909.0k
shares reported held*
$7.6mreported value*
16 new
9 added
4 reduced
10 sold out
net sold ≈ $747.2k (-89.4k 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 ≈ $8.36. Options: 3 managers hold calls ($1.3m notional), 3 hold puts ($853.5k).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2025 | 2 |
| Q2 2025 | 7 |
| Q3 2025 | 42 |
| Q4 2025 | 38 |
| Q1 2026 | 45 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2025 | 6 | 1 |
| Q3 2025 | 41 | 3 |
| Q4 2025 | 22 | 27 |
| Q1 2026 | 25 | 14 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $0 | $0 | — |
| Q3 2025 | $11.3m | $27.5m | 2.43 |
| Q4 2025 | $6.3m | $4.5m | 0.71 |
| Q1 2026 | $1.3m | $853.5k | 0.65 |
Biggest buyers
| ENVESTNET ASSET MANAGEMENT INC | New | +271.8k |
| NEUBERGER BERMAN GROUP LLC | Added | +88.0k |
| San Luis Wealth Advisors LLC | New | +23.1k |
| CITADEL ADVISORS LLC | Added | +21.9k |
| Maridea Wealth Management LLC | New | +20.4k |
| Rye Brook Capital LLC | New | +14.6k |
| rebel Financial LLC | New | +14.5k |
| SIGNATUREFD, LLC | New | +10.0k |
| Estate Planners Group, LLC | Added | +7.2k |
| CAPTRUST FINANCIAL ADVISORS | Added | +5.0k |
Biggest sellers
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -231.7k |
| DRW Securities, LLC | Sold out | -203.8k |
| Tactive Advisors, LLC | Reduced | -49.4k |
| IMC-Chicago, LLC | Reduced | -23.5k |
| OneDigital Investment Advisors LLC | Sold out | -16.0k |
| Focus Partners Wealth | Sold out | -14.2k |
| CENTAURUS FINANCIAL, INC. | Sold out | -13.0k |
| UBS Group AG | Reduced | -11.5k |
| Mariner, LLC | Sold out | -11.1k |
| FLOW TRADERS U.S. LLC | Sold out | -10.8k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $967.2k115.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $335.2k40.1k shares |
| MAI Capital Management | Added | $10.0k1.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $554.2k66.3k shares |
| JANE STREET GROUP, LLC | Reduced | $171.4k20.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $127.9k15.3k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 271.8k $2.3m | New |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 148.1k $1.2m | Added +88.0k |
| Galaxy Digital Capital Management GP LLC 1.06% of their portfolio | 98.3k $821.7k | Added +4.1k |
| VR Advisory Services Ltd 0.06% of their portfolio | 58.0k $484.8k | Unchanged |
| IMC-Chicago, LLC 0.01% of their portfolio | 47.0k $393.3k | Reduced -23.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 35.4k $295.8k | Added +21.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 30.3k $253.1k | Reduced -231.7k |
| Estate Planners Group, LLC 0.10% of their portfolio | 24.0k $200.8k | Added +7.2k |
| Tactive Advisors, LLC 0.06% of their portfolio | 23.6k $197.5k | Reduced -49.4k |
| San Luis Wealth Advisors LLC 0.03% of their portfolio | 23.1k $193.1k | New |
| Maridea Wealth Management LLC 0.02% of their portfolio | 20.4k $170.4k | New |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 16.1k $134.2k | Added +5.0k |
| Rye Brook Capital LLC 0.11% of their portfolio | 14.6k $122.0k | New |
| rebel Financial LLC 0.05% of their portfolio | 14.5k $120.8k | New |
| Visionary Wealth Advisors 0.01% of their portfolio | 14.0k $117.1k | Added +800 |
| Vienna Asset Management LLC 0.07% of their portfolio | 10.7k $89.5k | Added +253 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 10.3k $86.1k | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 10.0k $83.7k | New |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 6.0k $50.2k | Unchanged |
| Activest Wealth Management 0.01% of their portfolio | 4.9k $40.8k | New |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 4.2k $34.7k | New |
| Opal Wealth Advisors, LLC 0.01% of their portfolio | 3.4k $28.4k | New |
| Parallel Advisors, LLC 0.00% of their portfolio | 3.4k $28.3k | Unchanged |
| MONTAG A & ASSOCIATES INC 0.00% of their portfolio | 2.8k $23.0k | Unchanged |
| Innovative Asset Advisors Group, LLC 0.01% of their portfolio | 2.1k $17.8k | First filing |
| TWIN PEAKS WEALTH ADVISORS, LLC 0.00% of their portfolio | 1.6k $13.1k | New |
| Glass Jacobson Investment Advisors llc 0.00% of their portfolio | 1.5k $12.8k | Unchanged |
| MAI Capital Management 0.00% of their portfolio | 1.3k $10.9k | Unchanged |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 1.3k $10.5k | New |
| Caitlin John, LLC 0.01% of their portfolio | 1.2k $10.3k | Added +1.1k |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 950 $8.0k | New |
| IFP Advisors, Inc 0.00% of their portfolio | 800 $6.7k | Unchanged |
| Strategic Wealth Partners, Ltd. 0.00% of their portfolio | 700 $5.9k | New |
| HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio | 550 $4.6k | Unchanged |
| Quaker Wealth Management, LLC 0.00% of their portfolio | 533 $4.5k | Added +22 |
| Portus Wealth Advisors, LLC 0.00% of their portfolio | 481 $4.0k | New |
| Sound Income Strategies, LLC 0.00% of their portfolio | 354 $3.0k | Unchanged |
| CHESAPEAKE ASSET MANAGEMENT LLC 0.00% of their portfolio | 300 $2.5k | Unchanged |
| Rossby Financial, LCC 0.00% of their portfolio | 200 $1.7k | New |
| Ankerstar Wealth, LLC 0.00% of their portfolio | 140 $1.2k | Unchanged |
| TOTH FINANCIAL ADVISORY CORP 0.00% of their portfolio | 100 $836 | Unchanged |
| UBS Group AG 0.00% of their portfolio | 67 $560 | Reduced -11.5k |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 25 $209 | Unchanged |
| Ascentis Independent Advisors 0.00% of their portfolio | 25 $209 | New |
| High Note Wealth, LLC 0.00% of their portfolio | 10 $84 | Unchanged |