Vault-13

VS TRUST SVIX

-1X SHRT VIX FUT · ETP · CUSIP 92891H101

15 institutional holders -6 vs Q1 2026
1,402,8201.4m shares reported held*
$33.4mreported value*
2 new 6 added 6 reduced 8 sold out net sold ≈ $28.9m (-1.2m 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 ≈ $23.82. Options: 5 managers hold calls ($65.9m notional), 7 hold puts ($51.7m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 14Q4 22: 14Q1 23: 14Q2 23: 22Q3 23: 18Q4 23: 21Q1 24: 21Q2 24: 21Q3 24: 23Q4 24: 27Q1 25: 23Q2 25: 22Q3 25: 18Q4 25: 18Q1 26: 21Q2 26: 1515Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202214
Q4 202214
Q1 202314
Q2 202322
Q3 202318
Q4 202321
Q1 202421
Q2 202421
Q3 202423
Q4 202427
Q1 202523
Q2 202522
Q3 202518
Q4 202518
Q1 202621
Q2 202615

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 24: 17 bought or addedQ3 24: 12 cut or sold outQ4 24: 16 bought or addedQ4 24: 14 cut or sold outQ4 24Q1 25: 13 bought or addedQ1 25: 17 cut or sold outQ2 25: 14 bought or addedQ2 25: 15 cut or sold outQ2 25Q3 25: 8 bought or addedQ3 25: 14 cut or sold outQ4 25: 9 bought or addedQ4 25: 11 cut or sold outQ4 25Q1 26: 17 bought or addedQ1 26: 10 cut or sold outQ2 26: 8 bought or addedQ2 26: 14 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241712
Q4 20241614
Q1 20251317
Q2 20251415
Q3 2025814
Q4 2025911
Q1 20261710
Q2 2026814

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 25 calls: $68.7mQ3 25 puts: $31.8mQ3 25P/C 0.46Q4 25 calls: $82.4mQ4 25 puts: $28.0mQ4 25P/C 0.34Q1 26 calls: $46.7mQ1 26 puts: $33.3mQ1 26P/C 0.71Q2 26 calls: $65.9mQ2 26 puts: $51.7mQ2 26P/C 0.78
Numbers
QuarterCallsPutsP/C
Q3 2025$68.7m$31.8m0.46
Q4 2025$82.4m$28.0m0.34
Q1 2026$46.7m$33.3m0.71
Q2 2026$65.9m$51.7m0.78

Biggest buyers

GOLDMAN SACHS GROUP INC Added +350,000+350.0k
HRT FINANCIAL LP Added +181,961+182.0k
Innova Wealth Partners New +87,305+87.3k
Quadrature Capital Ltd Added +37,927+37.9k
NICOLET BANKSHARES INC Added +10,059+10.1k
Tower Research Capital LLC (TRC) New +6,449+6.4k
Bank of New Hampshire Added +3,941+3.9k
MORGAN STANLEY Added +100+100

Biggest sellers

JANE STREET GROUP, LLC Reduced -708,352-708.4k
Jump Financial, LLC Sold out -699,521-699.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -152,737-152.7k
RBF Capital, LLC Sold out -114,726-114.7k
FLOW TRADERS U.S. LLC Reduced -83,434-83.4k
Hamilton Wealth, LLC Sold out -47,375-47.4k
Summit Trail Advisors, LLC Sold out -40,976-41.0k
RAMSEY QUANTITATIVE SYSTEMS Reduced -33,600-33.6k
SIMPLEX TRADING, LLC Reduced -12,863-12.9k
TWO SIGMA SECURITIES, LLC Sold out -12,087-12.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $20.9m877.0k shares
GROUP ONE TRADING LLC Reduced $19.5m818.2k shares
IMC-Chicago, LLC Reduced $10.3m432.0k shares
CITADEL ADVISORS LLC Added $10.1m426.7k shares
JANE STREET GROUP, LLC Reduced $5.2m218.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $26.5m1.1m shares
IMC-Chicago, LLC Added $7.6m318.1k shares
GROUP ONE TRADING LLC Added $5.1m215.3k shares
JANE STREET GROUP, LLC Reduced $4.6m193.1k shares
CITADEL ADVISORS LLC Reduced $4.3m180.3k shares
MILLENNIUM MANAGEMENT LLC New $2.9m120.0k shares
HRT FINANCIAL LP Reduced $789.0k33.2k 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 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 410,000410.0k $9.7m $9.7m 0.00% Added +350.0k +350,000
2 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 390,535390.5k $9.3m $9.3m 0.02% Added +182.0k +181,961
3 NICOLET BANKSHARES INC 0.09% of their portfolio GREEN BAY, WI 120,972121.0k $2.9m $2.9m 0.09% Added +10.1k +10,059
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 100,100100.1k $2.4m $2.4m 0.00% Added +100 +100
5 Quadrature Capital Ltd 0.02% of their portfolio LONDON, X0 87,46487.5k $2.1m $2.1m 0.02% Added +37.9k +37,927
6 Innova Wealth Partners 0.86% of their portfolio NEWTOWN, PA 87,30587.3k $2.1m $2.1m 0.86% New
7 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 57,50057.5k $1.4m $1.4m 0.00% Reduced -5.7k -5,700
8 SIMPLEX TRADING, LLC 0.03% of their portfolio CHICAGO, IL 41,41441.4k $984.8k $984.8k 0.03% Reduced -12.9k -12,863
9 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 40,11340.1k $953.9k $953.9k 0.00% Reduced -708.4k -708,352
10 RAMSEY QUANTITATIVE SYSTEMS 0.85% of their portfolio LOUISVILLE, KY 40,00040.0k $951.2k $951.2k 0.85% Reduced -33.6k -33,600
11 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 13,37513.4k $318.0k $318.0k 0.01% Reduced -83.4k -83,434
12 Bank of New Hampshire 0.03% of their portfolio LACONIA, NH 6,9597.0k $165.5k $165.5k 0.03% Added +3.9k +3,941
13 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 6,4496.4k $153.4k $153.4k 0.00% New
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 482482 $11.5k $11.5k 0.00% Unchanged
15 Hilton Head Capital Partners, LLC 0.00% of their portfolio HILTON HEAD ISLAND, SC 152152 $3.6k $3.6k 0.00% Reduced -250 -250