AVES · Avantis Emerging Markets Value ETF · Holdings ETF

$63.61 +0.01 (+0.02%) At close · Oct 21

Volume · Oct 21 80.05K Avg daily vol (3M) 88.64K

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 →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 40

Total Value: $297,613,990

Total Shares: 4,569,538

Institutional Ownership Trend

21 quarters

Holder Concentration

Across 40 13F filers · Δ vs Jun 30, 2026

Top Holder

58.4%

+44.3 pts

Top 5

82.1%

+28.7 pts

Top 10

92.9%

+28.6 pts

HHI

3,590

Highly concentrated+2,902

Who Holds AVES

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 186 filers, like-for-like change +4.9%; actively managed books +5.0%; index-like books -37.3%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	64.9%	125	+2.8%	18	3
Adviser	9.8%	1	+2.2%	0	0
Bank	2.0%	10	+11.9%	1	0
Broker-dealer	0.4%	1	+66.7%	0	0
Holding company	0.2%	5	-43.2%	1	0
Unknown	22.7%	44	+12.2%	4	4

Style	Share	Filers	Change	New	Exited
Index-like	0.2%	4	-37.3%	2	0
Systematic-like	0.3%	1	-74.5%	0	1
Concentrated	35.7%	86	+5.0%	7	1
Diversified active	63.8%	95	+6.6%	15	5
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	58.9%	139	+6.9%	20	5
Medium turnover	35.1%	21	+4.9%	3	0
High turnover	1.3%	4	-50.4%	0	2
Unknown	4.8%	22	+11.9%	1	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	4.1%	20	+1.0%	1	0
Medium horizon	17.6%	43	+1.2%	8	2
Long horizon	67.2%	117	+6.9%	13	3
Unknown	11.2%	6	+0.7%	2	2
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	23.3%	84	+5.1%	8	2
$1B to $10B	33.5%	48	+3.3%	8	2
$10B to $100B	14.2%	32	+3.3%	4	2
$100B or more	29.1%	22	+7.5%	4	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	60.0%	116	+4.6%	16	3
Pooled investment vehicles	0.3%	1	-73.7%	0	0
Registered funds and BDCs	3.8%	1	-2.6%	0	0
Pension and profit sharing plans	0.3%	2	+11.0%	1	0
Charitable organizations	0.0%	1	-48.7%	0	0
Other investment advisers	0.4%	2	+3.6%	0	0
Other	0.0%	1	new	1	0
Diversified	0.2%	1	+4.1%	0	0
Corporations	0.0%	0	—	0	0
Unknown	35.1%	61	+9.2%	6	4

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.8%	4	-46.1%	1	0
Private equity funds	0.8%	4	+75.5%	0	0
Venture capital funds	0.1%	2	0.0%	0	0
Real estate funds	0.1%	3	-24.3%	0	2
Other private funds	5.3%	7	-1.7%	2	0
Private funds, type not stated	0.5%	1	-3.1%	0	0
No private funds	57.3%	104	+4.1%	15	1
Mixed private funds	0.0%	0	—	0	0
Unknown	35.1%	61	+9.2%	6	4

Location	Share	Filers	Change	New	Exited
United States	99.9%	182	+4.9%	23	7
Outside the US	0.1%	4	+17.2%	1	0

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 2 holders with no observed 2026-03-31 13F and 2 holders with no observed 2026-06-30 13F.

Conviction and Crowding

186 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

109

58.6% of filers hold it in their top 10

Mar 31, 2026: 100

Holders above 5%

median weight 0.060%

Mar 31, 2026: 3

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

64.4%

of 13F shares, Herfindahl 0.069

Active holders

+5.0%

like-for-like share change of active filers

5% stakes on record

0 13D, 1 13G (1 institutional, 0 passive, 0 exempt)

How long holders have held it value-weighted 8.7 quarters

Under 1 year 35.2% 1 to 3 years 24.4% 3 years or more 40.4% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$56.77

estimated per share

Mar 31, 2026: $56.11

Quarter-end price

$65.60

implied by 13F values

Estimated gain or loss

+15.6%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 83.5% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of AVES by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	0	0
Active ETFs	9,686	1
Active funds	0	0
Unclassified	2,338,725	5
All registered funds	2,348,411	6

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -146

Institutional value: -75.5%

Shares held: -75.3%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Mid SIGNATURE ESTATE & INVESTMENT ADVISORS LLC	+63,470	2,668,590
Small Three Arch Wealth Management LLC	+12,616	272,505
Small Apeiron RIA LLC	+9,126	157,839
Small Global Strategic Investment Solutions, LLC	+8,127	149,947
Large Farther Finance Advisors, LLC	+8,045	122,216

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Small Parkshore Wealth Management, Inc.	−9,323	38,791
Small Freedom Day Solutions, LLC	−1,812	3,891
Small True Wealth Design, LLC	−1,802	14,298
Small marrick wealth, LLC	−1,529	5,949
Small ENZI WEALTH	−220	20,361

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)	Open
Small Trellis Wealth Advisors LLC	647	$42,139
Small PENSION & WEALTH MANAGEMENT ADVISORS, INC.	10	$651

Top Sold-Out Positions

vs Jun 30, 2026

No fully closed positions this quarter.

Filter: New 2 Increased 23 Reduced 6 Sold out 0 Unchanged 9

Holder type: Registered adviser 27 Unknown 13

Showing 40 of 40

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

SIGNATURE ESTATE & INVESTMENT ADVISORS LLC AVES

$173,805,266

58.40%

2,668,590

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

Manager	Shares	Value (USD)	% of position	Discretion
SIGNATURE INVESTMENT ADVISORS LLC	2,086,247	$135,877,267	78.2%	Defined
Held directly	582,343	$37,927,999	21.8%	Sole

Armbruster Capital Management, Inc. AVES

$23,498,904

7.90%

360,800

Meredith Wealth Planning AVES

$18,906,392

6.35%

290,287

Three Arch Wealth Management LLC AVES

$17,748,250

5.96%

272,505

Apeiron RIA LLC AVES

$10,280,054

3.45%

157,839

Global Strategic Investment Solutions, LLC AVES

$9,766,048

3.28%

149,947

Farther Finance Advisors, LLC AVES

$7,959,928

2.67%

122,216

BANNERMAN WEALTH MANAGEMENT GROUP, LLC AVES

$6,463,240

2.17%

99,236

ENTREWEALTH, LLC AVES

$4,233,840

1.42%

65,006

Northland Capital Management LLC AVES

$3,958,666

1.33%

60,781

Wedmont Private Capital AVES

$3,153,659

1.06%

48,421

Parkshore Wealth Management, Inc. AVES

$2,526,457

0.85%

38,791

Accurate Wealth Management, LLC AVES

$1,333,406

0.45%

20,473

ENZI WEALTH AVES

$1,326,111

0.45%

20,361

Versant Capital Management, Inc AVES

$1,248,411

0.42%

19,168

CoreCap Advisors, LLC AVES

$1,171,688

0.39%

17,990

Sensible Money, LLC AVES

$1,064,484

0.36%

16,344

Breakwater Capital Group AVES

$957,736

0.32%

14,705

Forum Financial Management, LP AVES

$950,637

0.32%

14,596

True Wealth Design, LLC AVES

$931,228

0.31%

14,298

M Wealth Management, LLC AVES

$815,557

0.27%

12,522

XY Planning Network, Inc. AVES

$686,600

0.23%

10,542

Seed Wealth Management, Inc. AVES

$645,438

0.22%

9,910

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC AVES

$589,426

0.20%

9,050

DBK Financial Counsel, LLC AVES

$516,155

0.17%

7,925

Vestment Financial LLC AVES

$512,507

0.17%

7,869

Pacific Asset Management, LLC AVES

$398,400

0.13%

6,117

marrick wealth, LLC AVES

$387,458

0.13%

5,949

Apella Capital, LLC AVES

$310,474

0.10%

4,767

Financial Architects, LLC AVES

$306,762

0.10%

4,710

Powerhouse Assets LLC AVES

$265,079

0.09%

4,070

Physician Wealth Solutions Inc. AVES

$259,022

0.09%

3,977

Freedom Day Solutions, LLC AVES

$253,420

0.09%

3,891

PRIVATE TRUST CO NA AVES

$191,091

0.06%

2,934

3 FACTOR INDEXING, LLC AVES

$102,254

0.03%

1,570

Trellis Wealth Advisors LLC AVES

$42,139

0.01%

647

Bank of New Hampshire AVES

$27,549

0.01%

423

Catherine Avery Investment Management LLC AVES

$15,110

0.01%

232

Moisand Fitzgerald Tamayo, LLC AVES

$4,493

0.00%

PENSION & WEALTH MANAGEMENT ADVISORS, INC. AVES

$651

0.00%