NTRL · First Trust Merger Arbitrage ETF ETF

$21.71 -0.05 (-0.22%) At close · Sep 4

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 34

Total Value: $46,329,562

Total Shares: 2,302,663

Institutional Ownership Trend

13 quarters

Holder Concentration

Across 34 13F filers · Δ vs Dec 31, 2022

Top Holder

14.4%

−6.8 pts

Top 5

49.3%

−3.2 pts

Top 10

73.9%

−2.0 pts

HHI

692

Broadly held−171

Quarterly Activity

vs Dec 31, 2022

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -3

Institutional value: -31.3%

Shares held: -31.1%

Top Buyers

vs Dec 31, 2022

Institution	Added	Now Holds
Small FAS Wealth Partners, Inc.	+48,856	181,039
Mid Cetera Advisor Networks LLC	+11,039	68,928
Mid NATIONS FINANCIAL GROUP INC, /IA/ /ADV	+11,037	57,449
Small Virtue Capital Management, LLC	+7,774	36,041
Large HighTower Advisors, LLC	+7,632	331,791

Top Sellers

vs Dec 31, 2022

Institution	Sold	Now Holds
Large OSAIC HOLDINGS, INC.	−100,606	91,179
Small Vivaldi Capital Management LP	−80,888	229,910
Mid HARBOUR INVESTMENTS, INC.	−37,609	117,565
Mega ENVESTNET ASSET MANAGEMENT INC	−29,758	136,203
Large Cambridge Investment Research Advisors, Inc.	−18,788	20,354

Top New Positions

vs Dec 31, 2022

Institution	Acquired	Value (USD)
Mid Atria Investments, Inc	128,909	$2,593,649
Mid CreativeOne Wealth, LLC	43,167	$868,520
Small ORG Partners LLC	39,474	$794,216
Mid Visionary Wealth Advisors	36,752	$739,450
Small Continuum Advisory, LLC	15,009	$301,981

Top Sold-Out Positions

vs Dec 31, 2022

Institution	Previously Held	Last Value (USD)
Small MAINSTAY CAPITAL MANAGEMENT LLC /ADV	710,418	$14,330,551
Large AE Wealth Management LLC	154,063	$3,107,758
Mid First Trust Capital Management L.P.	99,718	$2,011,511
Mid IFP Advisors, Inc	74,273	$1,498,234
Small Laurel Wealth Advisors, Inc.	35,578	$717,679

Filter: New 11 Increased 8 Reduced 13 Sold out 14 Unchanged 2

Showing 34 of 34

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

HighTower Advisors, LLC NTRL

$6,675,634

14.41%

331,791

Vivaldi Capital Management LP NTRL

$4,625,789

9.98%

229,910

Owen LaRue, LLC NTRL

$4,418,251

9.54%

219,595

FAS Wealth Partners, Inc. NTRL

$3,642,504

7.86%

181,039

Clark Capital Management Group, Inc. NTRL

$3,499,069

7.55%

173,910

ENVESTNET ASSET MANAGEMENT INC NTRL

$2,740,404

5.92%

136,203

Atria Investments, Inc NTRL

$2,593,649

5.60%

128,909

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WORLD EQUITY GROUP, INC.	128,909	$2,593,649	100.0%	Sole

HARBOUR INVESTMENTS, INC. NTRL

$2,365,407

5.11%

117,565

Atlas Wealth LLC NTRL

$1,855,164

4.00%

92,205

OSAIC HOLDINGS, INC. NTRL

$1,834,519

3.96%

91,179

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ROYAL ALLIANCE ASSOCIATES, INC.	361	$7,263	0.4%	Defined
SAGEPOINT FINANCIAL, INC.	6,006	$120,840	6.6%	Defined
WOODBURY FINANCIAL SERVICES, INC.	23,073	$464,228	25.3%	Defined
SECURITIES AMERICA ADVISORS INC	23,452	$471,854	25.7%	Defined
TRIAD ADVISORS, LLC	52	$1,046	0.1%	Defined
VISION2020 WEALTH MANAGEMENT CORP.	38,235	$769,288	41.9%	Defined

Cetera Advisor Networks LLC NTRL

$1,386,831

2.99%

68,928

OneDigital Investment Advisors LLC NTRL

$1,231,947

2.66%

61,230

NATIONS FINANCIAL GROUP INC, /IA/ /ADV NTRL

$1,155,873

2.49%

57,449

Kestra Advisory Services, LLC NTRL

$1,097,827

2.37%

54,564

PROEQUITIES, INC. NTRL

$949,362

2.05%

47,185

COMMONWEALTH EQUITY SERVICES, LLC NTRL

$935,117

2.02%

46,477

CreativeOne Wealth, LLC NTRL

$868,520

1.87%

43,167

ORG Partners LLC NTRL

$794,216

1.71%

39,474

Visionary Wealth Advisors NTRL

$739,450

1.60%

36,752

Virtue Capital Management, LLC NTRL

$725,144

1.57%

36,041

Cambridge Investment Research Advisors, Inc. NTRL

$409,522

0.88%

20,354

MML INVESTORS SERVICES, LLC NTRL

$385,961

0.83%

19,183

Cetera Investment Advisers NTRL

$314,354

0.68%

15,624

Continuum Advisory, LLC NTRL

$301,981

0.65%

15,009

Moloney Securities Asset Management, LLC NTRL

$265,684

0.57%

13,205

FIRST FOUNDATION ADVISORS NTRL

$257,375

0.56%

12,792

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FIRST FOUNDATION BANK	342	$6,881	2.7%	Defined
Held directly	12,450	$250,494	97.3%	Sole

MARIPAU WEALTH MANAGEMENT LLC NTRL

$202,910

0.44%

10,085

ROYAL BANK OF CANADA NTRL

$37,684

0.08%

1,873

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	1,592	$32,031	85.0%	Defined
CITY NATIONAL ROCHDALE, LLC	281	$5,653	15.0%	Defined

Avior Wealth Management, LLC NTRL

$7,726

0.02%

384

UBS Group AG NTRL

$4,949

0.01%

246

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Securities LLC	246	$4,949	100.0%	Sole

Belpointe Asset Management LLC NTRL

$4,667

0.01%

232

Advisory Services Network, LLC NTRL

$2,032

0.00%

101

FMR LLC NTRL

$20

0.00%

JPMORGAN CHASE & CO NTRL

$20

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	1	$20	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	1,665	$33,586	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BOFA SECURITIES, INC.	455	$9,178	100.0%	Defined