PMBS · Holdings ETF

$46.61 +0.06 (+0.13%)

Volume · Oct 20 162.52K Avg daily vol (3M) 166.43K

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: 22

Total Value: $342,738,907

Total Shares: 7,407,368

Institutional Ownership Trend

9 quarters

Holder Concentration

Across 22 13F filers · Δ vs Jun 30, 2026

Top Holder

69.4%

+29.9 pts

Top 5

93.3%

+22.1 pts

Top 10

98.3%

+16.1 pts

HHI

5,035

Highly concentrated+2,992

Who Holds PMBS

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: 108 filers, like-for-like change +20.6%; actively managed books +20.4%; index-like books +366.4%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	48.8%	72	+20.3%	13	3
Bank	0.3%	5	+368.6%	1	4
Broker-dealer	3.3%	1	+91.6%	0	0
Non-US	0.3%	1	-10.6%	0	0
Holding company	0.4%	4	+454.4%	1	0
Insurer	0.0%	0	—	0	0
Unknown	46.9%	25	+16.8%	5	2

Style	Share	Filers	Change	New	Exited
Index-like	0.2%	2	+366.4%	0	0
Systematic-like	0.0%	1	+12.0%	0	0
Concentrated	31.9%	31	+8.0%	5	1
Diversified active	67.9%	74	+27.3%	15	8
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	50.2%	72	+26.8%	14	5
Medium turnover	47.3%	26	+14.8%	4	2
High turnover	0.9%	4	+50.6%	1	1
Unknown	1.5%	6	+1.1%	1	1
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	1.5%	6	+1.1%	1	1
Medium horizon	5.0%	22	+58.7%	5	2
Long horizon	88.4%	77	+19.9%	14	6
Unknown	5.1%	3	+11.3%	0	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	8.2%	42	+32.5%	7	2
$1B to $10B	35.4%	32	+17.1%	7	2
$10B to $100B	10.7%	21	+27.2%	3	2
$100B or more	45.6%	13	+19.9%	3	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	43.7%	67	+18.5%	12	3
Pooled investment vehicles	0.0%	1	+12.0%	0	0
Registered funds and BDCs	1.2%	1	0.0%	0	0
Pension and profit sharing plans	3.9%	2	+58.5%	1	0
Other investment advisers	0.0%	1	-17.9%	0	0
Corporations	0.0%	0	—	0	0
Diversified	0.0%	0	—	0	0
Unknown	51.2%	36	+20.8%	7	6

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.1%	2	+7.1%	0	0
Private equity funds	0.4%	3	+40.0%	2	0
Real estate funds	3.0%	2	+11331.9%	1	1
Other private funds	2.0%	3	+43.5%	1	0
Mixed private funds	0.0%	0	—	0	0
No private funds	43.3%	62	+11.6%	9	2
Unknown	51.2%	36	+20.8%	7	6

Location	Share	Filers	Change	New	Exited
United States	60.2%	105	+22.6%	19	9
Outside the US	39.8%	3	+17.6%	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 1 holder with no observed 2026-06-30 13F.

Fund Ownership of PMBS 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	6,857,051	1
Active funds	294,176	1
Unclassified	0	0
All registered funds	7,151,227	2

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: -87

Institutional value: -71.8%

Shares held: -69.9%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Mid Orgel Wealth Management, LLC	+273,906	5,144,104
Small True Wealth Design, LLC	+52,943	151,412
Mid Avidian Wealth Enterprises, LLC	+22,767	758,352
Mid AVITY INVESTMENT MANAGEMENT INC.	+16,850	84,130
Small Econ Financial Services Corp	+13,570	136,028

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	−292,739	715,250
Small Cresta Advisors, Ltd.	−30,875	140,920
Small Weaver Consulting Group	−2,250	10,462
Large Farther Finance Advisors, LLC	−734	8,781
Small Williams & Novak, LLC	−410	15,412

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)	Open
Large Concurrent Investment Advisors, LLC	22,841	$1,056,853
Small Baker Ellis Asset Management LLC	5,000	$231,350

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)	Open
Small Cornerstone Planning Group LLC	572	$28,245

Filter: New 2 Increased 11 Reduced 5 Sold out 1 Unchanged 4

Holder type: Registered adviser 16 Unknown 6

Showing 22 of 22

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Orgel Wealth Management, LLC PMBS

$238,017,692

69.45%

5,144,104

Avidian Wealth Enterprises, LLC PMBS

$35,088,947

10.24%

758,352

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC PMBS

$33,094,617

9.66%

715,250

True Wealth Design, LLC PMBS

$7,005,833

2.04%

151,412

Cresta Advisors, Ltd. PMBS

$6,520,368

1.90%

140,920

Econ Financial Services Corp PMBS

$6,294,015

1.84%

136,028

AVITY INVESTMENT MANAGEMENT INC. PMBS

$3,892,695

1.14%

84,130

Krilogy Financial LLC PMBS

$3,490,099

1.02%

75,429

Financial Synergies Wealth Advisors, Inc. PMBS

$1,906,832

0.56%

41,211

BAM Wealth Management, LLC PMBS

$1,474,578

0.43%

31,869

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

Manager	Shares	Value (USD)	% of position	Discretion
GeoWealth Management, LLC	28,805	$1,332,807	90.4%	Other
Held directly	3,064	$141,771	9.6%	Sole

DAVENPORT & Co LLC PMBS

$1,269,463

0.37%

27,436

Concurrent Investment Advisors, LLC PMBS

$1,056,853

0.31%

22,841

Williams & Novak, LLC PMBS

$713,113

0.21%

15,412

MILESTONE ASSET MANAGEMENT, LLC PMBS

$617,889

0.18%

13,354

Weaver Consulting Group PMBS

$484,076

0.14%

10,462

Farther Finance Advisors, LLC PMBS

$406,296

0.12%

8,781

Signal Advisors Wealth, LLC PMBS

$363,959

0.11%

7,866

Retirement Planning Group, LLC PMBS

$285,208

0.08%

6,164

Essex Bank PMBS

$283,819

0.08%

6,134

Baker Ellis Asset Management LLC PMBS

$231,350

0.07%

5,000

Bison Wealth, LLC PMBS

$215,757

0.06%

4,663

IFP Advisors, Inc PMBS

$25,448

0.01%

550