ICLO · Holdings ETF

$25.55 +0.01 (+0.02%) At close · Oct 20

Volume · Oct 20 100.63K Avg daily vol (3M) 139.6K

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: 23

Total Value: $63,881,099

Total Shares: 2,496,331

Institutional Ownership Trend

16 quarters

Holder Concentration

Across 23 13F filers · Δ vs Jun 30, 2026

Top Holder

22.6%

−3.8 pts

Top 5

63.5%

+11.6 pts

Top 10

90.1%

+24.4 pts

HHI

1,132

Broadly held+170

Who Holds ICLO

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: 93 filers, like-for-like change +13.4%; actively managed books +14.5%; index-like books -0.5%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	44.8%	63	+14.7%	8	6
Adviser	10.6%	2	-0.3%	0	0
Bank	8.9%	7	+19.2%	0	0
Broker-dealer	26.4%	1	+3.0%	0	0
Holding company	0.6%	2	+42.9%	0	0
Unknown	8.7%	18	+75.6%	3	3

Style	Share	Filers	Change	New	Exited
Index-like	6.5%	2	-0.5%	0	0
Systematic-like	0.1%	1	-44.5%	0	0
Concentrated	14.4%	23	+58.9%	2	3
Diversified active	79.0%	67	+9.1%	9	6
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	84.2%	61	+12.5%	5	2
Medium turnover	12.2%	19	+22.1%	3	2
High turnover	0.6%	4	+85.1%	3	3
Unknown	3.0%	9	-0.5%	0	2
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	3.0%	9	-4.9%	1	4
Medium horizon	19.0%	26	+23.3%	4	4
Long horizon	77.4%	57	+11.0%	5	1
Unknown	0.7%	1	new	1	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	20.4%	36	+26.2%	6	6
$1B to $10B	12.9%	25	-12.2%	1	2
$10B to $100B	16.4%	18	+40.4%	2	1
$100B or more	50.3%	14	+10.2%	2	0
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	44.2%	59	+15.3%	7	5
Pooled investment vehicles	0.1%	2	-43.7%	1	0
Pension and profit sharing plans	0.1%	1	0.0%	0	0
Other investment advisers	0.4%	1	+92.1%	0	0
Corporations	0.0%	0	-100.0%	0	1
Diversified	0.0%	0	—	0	0
Unknown	55.2%	30	+12.4%	3	3

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.2%	3	-22.4%	1	0
Mixed private funds	0.3%	1	-29.0%	0	0
Private funds, type not stated	1.2%	1	-5.1%	0	0
No private funds	43.1%	58	+17.3%	7	5
Private equity funds	0.0%	0	-100.0%	0	1
Other private funds	0.0%	0	—	0	0
Unknown	55.2%	30	+12.4%	3	3

Location	Share	Filers	Change	New	Exited
United States	99.6%	92	+13.0%	11	9
Outside the US	0.4%	1	+665.5%	0	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 1 holder with no observed 2026-06-30 13F.

Conviction and Crowding

93 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

9.68% of filers hold it in their top 10

Mar 31, 2026: 10

Holders above 5%

median weight 0.020%

Mar 31, 2026: 0

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

65.7%

of 13F shares, Herfindahl 0.096

Active holders

+14.5%

like-for-like share change of active filers

5% stakes on record

0 13D, 2 13G (2 institutional, 0 passive, 0 exempt)

How long holders have held it value-weighted 7.6 quarters

Under 1 year 16.0% 1 to 3 years 70.3% 3 years or more 13.6% 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

$25.59

estimated per share

Mar 31, 2026: $25.60

Quarter-end price

$25.58

implied by 13F values

Estimated gain or loss

0.0%

price against the estimated cost

Estimated at a loss

65.4%

of costed 13F value

Estimated cost covers 96.0% 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 ICLO 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	274,672	1
Active funds	0	0
Unclassified	0	0
All registered funds	274,672	1

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: -70

Institutional value: -82.9%

Shares held: -82.9%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Small ELEVATUS WELATH MANAGEMENT	+376,588	564,838
Small Cadent Capital Advisors, LLC	+106,962	119,162
Small Green Ridge Wealth Planning LLC	+30,224	146,554
Micro ASL Financial, LLC	+9,036	131,949
Small Meridian Financial Advisors, LLC	+8,938	70,147

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Large Concurrent Investment Advisors, LLC	−141,587	149,788
Small Commonwealth Financial Services, LLC	−103,698	346,818
Small Elm3 Financial Group, LLC	−2,911	125,405
Small CGC Financial Services, LLC	−848	2,623
Mid Signal Advisors Wealth, LLC	−819	11,145

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)	Open
Small Greater Midwest Financial Group, LLC	7,985	$204,336
Large Farther Finance Advisors, LLC	3	$76

Top Sold-Out Positions

vs Jun 30, 2026

No fully closed positions this quarter.

Filter: New 2 Increased 12 Reduced 8 Sold out 0 Unchanged 1

Holder type: Registered adviser 18 Unknown 5

Showing 23 of 23

All Common Calls Puts

Compact Export CSV

Holder	Value (USD)	% of 13F	Shares	Own %	Change	Type	Filed
Small ELEVATUS WELATH MANAGEMENT Registered adviser ICLO	$14,454,204	22.63%	564,838	—	+376,588 +200.0%	Shares	2026-10-19
Small Commonwealth Financial Services, LLC Registered adviser ICLO	$8,875,072	13.89%	346,818	—	-103,698 -23.0%	Shares	2026-10-20
Small San Luis Wealth Advisors LLC ICLO	$7,934,512	12.42%	310,063	—	0 0.0%	Shares	2026-10-19
Small Stewardship Advisors, LLC Registered adviser ICLO	$5,462,902	8.55%	213,478	—	+4,480 +2.1%	Shares	2026-10-20
Large Concurrent Investment Advisors, LLC Registered adviser ICLO	$3,833,074	6.00%	149,788	—	-141,587 -48.6%	Shares	2026-10-16
Small Green Ridge Wealth Planning LLC Registered adviser ICLO	$3,750,316	5.87%	146,554	—	+30,224 +26.0%	Shares	2026-10-08
Small Asset Allocation Strategies LLC Registered adviser ICLO	$3,593,885	5.63%	140,441	—	+4,702 +3.5%	Shares	2026-10-20
Micro ASL Financial, LLC Registered adviser ICLO	$3,376,574	5.29%	131,949	—	+9,036 +7.4%	Shares	2026-10-15
Small Elm3 Financial Group, LLC Registered adviser ICLO	$3,209,113	5.02%	125,405	—	-2,911 -2.3%	Shares	2026-10-07
Small Cadent Capital Advisors, LLC Registered adviser ICLO	$3,049,355	4.77%	119,162	—	+106,962 +876.7%	Shares	2026-10-09
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC ICLO	$2,135,204	3.34%	83,439	—	+1,013 +1.2%	Shares	2026-10-13
Small Meridian Financial Advisors, LLC Registered adviser ICLO	$1,795,061	2.81%	70,147	—	+8,938 +14.6%	Shares	2026-10-14
Small AVAII WEALTH MANAGEMENT, LLC ICLO	$705,311	1.10%	27,562	—	+287 +1.1%	Shares	2026-10-09
Large MATHER GROUP, LLC. Registered adviser ICLO	$439,533	0.69%	17,176	—	-5 -0.0%	Shares	2026-10-14
Mid Signal Advisors Wealth, LLC ICLO	$285,200	0.45%	11,145	—	-819 -6.8%	Shares	2026-10-13
Small NWF Advisory Services Inc. Registered adviser ICLO	$261,018	0.41%	10,200	—	+1,300 +14.6%	Shares	2026-10-19
Mid Sowell Financial Services LLC Registered adviser ICLO	$228,749	0.36%	8,939	—	-42 -0.5%	Shares	2026-10-20
Small Greater Midwest Financial Group, LLC Registered adviser ICLO	$204,336	0.32%	7,985	—	New	Shares	2026-10-13
Mid PRIVATE TRUST CO NA ICLO	$125,391	0.20%	4,900	—	-100 -2.0%	Shares	2026-10-20
Mid CoreCap Advisors, LLC Registered adviser ICLO	$87,722	0.14%	3,428	—	+705 +25.9%	Shares	2026-10-08
Small CGC Financial Services, LLC Registered adviser ICLO	$67,122	0.11%	2,623	—	-848 -24.4%	Shares	2026-10-13
Mid IFP Advisors, Inc Registered adviser ICLO	$7,369	0.01%	288	—	+149 +107.2%	Shares	2026-10-16
Large Farther Finance Advisors, LLC Registered adviser ICLO	$76	0.00%	3	—	New	Shares	2026-10-08
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