Vault-13

ZACKS TRUST SMIZ

SMALL/MID CAP · ETP · CUSIP 98888G204

46 institutional holders +6 vs Q1 2025
3,120,2303.1m shares reported held*
$105.9mreported value*
7 new 19 added 13 reduced 2 sold out net bought ≈ $3.1m (+91.5k 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 ($443.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $33.95.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q4 23: 7Q1 24: 16Q2 24: 21Q3 24: 24Q4 24: 34Q1 25: 40Q2 25: 4646Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 20237
Q1 202416
Q2 202421
Q3 202424
Q4 202434
Q1 202540
Q2 202546

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 15 bought or addedQ1 24: 2 cut or sold outQ1 24Q2 24: 17 bought or addedQ2 24: 4 cut or sold outQ2 24Q3 24: 16 bought or addedQ3 24: 9 cut or sold outQ3 24Q4 24: 27 bought or addedQ4 24: 4 cut or sold outQ4 24Q1 25: 31 bought or addedQ1 25: 8 cut or sold outQ1 25Q2 25: 26 bought or addedQ2 25: 15 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024152
Q2 2024174
Q3 2024169
Q4 2024274
Q1 2025318
Q2 20252615

Biggest buyers

TRUE Private Wealth Advisors Added +63,141+63.1k
Avior Wealth Management, LLC Added +59,857+59.9k
CreativeOne Wealth, LLC Added +45,125+45.1k
Navigation Wealth Management, Inc. Added +41,921+41.9k
Advisory Services Network, LLC Added +17,320+17.3k
Arete Wealth Advisors, LLC Added +16,813+16.8k
GeoWealth Management, LLC New +16,696+16.7k
M1 Capital Management LLC Added +16,442+16.4k
Advyzon Investment Management, LLC New +16,201+16.2k
Alteri Wealth LLC Added +14,201+14.2k

Biggest sellers

Creative Planning Reduced -206,392-206.4k
LPL Financial LLC Reduced -31,090-31.1k
Simplicity Wealth,LLC Sold out -22,961-23.0k
FLOW TRADERS U.S. LLC Sold out -8,775-8.8k
Strategic Blueprint, LLC Reduced -7,946-7.9k
Cambridge Investment Research Advisors, Inc. Reduced -1,862-1.9k
Prosperity Financial Group, Inc. Reduced -484-484
Maia Wealth LLC Reduced -446-446
AXXCESS WEALTH MANAGEMENT, LLC Reduced -337-337
Axiom Financial Strategies, LLC Reduced -317-317

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Avior Wealth Management, LLC 0.82% of their portfolio OMAHA, NE 699,141699.1k $23.7m $23.7m 0.82% Added +59.9k +59,857
2 TRUE Private Wealth Advisors 2.56% of their portfolio Salem, OR 673,056673.1k $22.8m $22.8m 2.56% Added +63.1k +63,141
3 CreativeOne Wealth, LLC 0.33% of their portfolio OVERLAND PARK, KS 372,755372.8k $12.6m $12.6m 0.33% Added +45.1k +45,125
4 Sanchez Wealth Management Group 1.50% of their portfolio JACKSONVILLE, FL 183,926183.9k $6.2m $6.2m 1.50% Added +5.2k +5,161
5 Wayfinding Financial, LLC 2.31% of their portfolio LYNNWOOD, WA 148,899148.9k $5.2m $5.2m 2.31% Added +6.9k +6,922
6 Arete Wealth Advisors, LLC 0.31% of their portfolio CHICAGO, IL 130,279130.3k $4.4m $4.4m 0.31% Added +16.8k +16,813
7 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 104,685104.7k $3.5m $3.5m 0.00% Reduced -206.4k -206,392
8 Advisory Services Network, LLC 0.05% of their portfolio ATLANTA, GA 98,80098.8k $3.4m $3.4m 0.05% Added +17.3k +17,320
9 AXXCESS WEALTH MANAGEMENT, LLC 0.05% of their portfolio CARLSBAD, CA 63,73863.7k $2.2m $2.2m 0.05% Reduced -337 -337
10 Strategic Blueprint, LLC 0.09% of their portfolio ATLANTA, GA 56,16756.2k $1.9m $1.9m 0.09% Reduced -7.9k -7,946
11 Balboa Wealth Partners 0.38% of their portfolio SCOTTSDALE, AZ 55,41455.4k $1.9m $1.9m 0.38% Added +6.5k +6,460
12 Prosperity Financial Group, Inc. 0.77% of their portfolio San Ramon, CA 53,36953.4k $1.8m $1.8m 0.77% Reduced -484 -484
13 Navigation Wealth Management, Inc. 2.63% of their portfolio FORT COLLINS, CO 52,70252.7k $1.8m $1.8m 2.63% Added +41.9k +41,921
14 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 47,85247.9k $1.6m $1.6m 0.00% Added +5.5k +5,519
15 CONTINENTAL INVESTORS SERVICES, INC. 2.54% of their portfolio LONGVIEW, WA 41,31541.3k $1.4m $1.4m 2.54% Added +6.8k +6,849
16 M1 Capital Management LLC 0.62% of their portfolio TROY, MI 36,15236.2k $1.2m $1.2m 0.62% Added +16.4k +16,442
17 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 33,72433.7k $1.1m $1.1m 0.00% Reduced -31.1k -31,090
18 Paragon Private Wealth Management, LLC 0.37% of their portfolio LEXINGTON, KY 27,56327.6k $934.1k $934.1k 0.37% Added +4.9k +4,859
19 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 26,01926.0k $882.0k $882.0k 0.00% Reduced -1.9k -1,862
20 Alteri Wealth LLC 0.32% of their portfolio WESTLAKE VILLAGE, CA 24,01124.0k $813.7k $813.7k 0.32% Added +14.2k +14,201
21 Ignite Planners, LLC 0.14% of their portfolio SAN CLEMENTE, CA 23,28223.3k $801.2k $801.2k 0.14% Added +1.7k +1,704
22 GeoWealth Management, LLC 0.02% of their portfolio CHICAGO, IL 16,69616.7k $565.8k $565.8k 0.02% New
23 Carter Financial Group, INC. 0.36% of their portfolio BARRINGTON, IL 16,38216.4k $555.2k $555.2k 0.36% First filing
24 Advyzon Investment Management, LLC 0.12% of their portfolio LISLE, IL 16,20116.2k $549.1k $549.1k 0.12% New
25 Maia Wealth LLC 0.10% of their portfolio DENVER, CO 15,21515.2k $515.6k $515.6k 0.10% Reduced -446 -446
26 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 14,49814.5k $491.3k $491.3k 0.00% Unchanged
27 Freedom Investment Management, Inc. 0.04% of their portfolio SOUTH WINDSOR, CT 13,08713.1k $443.5k $443.5k 0.04% Reduced -9 -9
28 UNIQUE WEALTH, LLC 0.07% of their portfolio TAMPA, FL 12,14412.1k $411.6k $411.6k 0.07% Added +2.0k +1,954
29 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 11,82611.8k $400.8k $400.8k 0.00% New
30 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 9,5379.5k $323.2k $323.2k 0.00% Reduced -215 -215
31 Axiom Financial Strategies, LLC 0.15% of their portfolio NEW ALBANY, IN 8,1798.2k $277.2k $277.2k 0.15% Reduced -317 -317
32 Empirical Asset Management, LLC 0.08% of their portfolio WELLESLEY, MA 7,4867.5k $253.7k $253.7k 0.08% Reduced -190 -190
33 Rossby Financial, LCC 0.09% of their portfolio MELBOURNE, FL 7,2997.3k $247.4k $247.4k 0.09% Reduced -169 -169
34 INVESTMENT ADVISORY SERVICES INC /TX /ADV 0.08% of their portfolio THE WOODLANDS, TX 6,9326.9k $234.9k $234.9k 0.08% Unchanged
35 Koshinski Asset Management, Inc. 0.02% of their portfolio DECATUR, IL 6,2906.3k $213.2k $213.2k 0.02% New
36 B.O.S.S. Retirement Advisors, LLC 0.05% of their portfolio Lehi, UT 6,0826.1k $206.1k $206.1k 0.05% New
37 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,9866.0k $202.9k $202.9k 0.00% Unchanged
38 Westside Investment Management, Inc. 0.02% of their portfolio SANTA MONICA, CA 3,5073.5k $118.9k $118.9k 0.02% Added +251 +251
39 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 853853 $28.9k $28.9k 0.00% New
40 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 500500 $16.9k $16.9k 0.00% Unchanged
41 Retirement Wealth Solutions LLC 0.01% of their portfolio MARSHFIELD, WI 468468 $15.9k $15.9k 0.01% Added +36 +36
42 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 431431 $14.6k $14.6k 0.00% New
43 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 372372 $12.6k $12.6k 0.00% Added +40 +40
44 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 300300 $10.2k $10.2k 0.00% Reduced -300 -300
45 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 197197 $6.7k $6.7k 0.00% Unchanged
46 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged