QVAL · Alpha Architect U.S. Quantitative Value ETF ETF

$62.02 -0.19 (-0.31%) 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: 37

Total Value: $120,122,512

Total Shares: 2,816,472

Institutional Ownership Trend

21 quarters

Holder Concentration

Across 37 13F filers · Δ vs Dec 31, 2024

Top Holder

15.8%

−11.9 pts

Top 5

47.5%

−4.7 pts

Top 10

78.4%

+9.3 pts

HHI

760

Broadly held−302

Quarterly Activity

vs Dec 31, 2024

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -26

Institutional value: -45.9%

Shares held: -43.4%

Top Buyers

vs Dec 31, 2024

Institution	Added	Now Holds
Small Stokes Family Office, LLC	+101,736	241,422
Large CWM, LLC	+33,936	224,482
Mega LPL Financial LLC	+29,840	74,044
Micro Valley Financial Group, Inc.	+19,553	210,056
Micro BWM Planning, LLC	+18,731	195,416

Top Sellers

vs Dec 31, 2024

Institution	Sold	Now Holds
Mid Empirical Finance, LLC	−101,202	444,428
Small Lifeworks Advisors, LLC	−18,310	16,541
Micro Kathleen S. Wright Associates Inc.	−5,730	108,714
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP	−3,957	20,755
Mega ROYAL BANK OF CANADA	−3,704	113,754

Top New Positions

vs Dec 31, 2024

Institution	Acquired	Value (USD)
Mega RAYMOND JAMES FINANCIAL INC	206,864	$8,822,749
Mega AQR CAPITAL MANAGEMENT LLC	18,927	$807,235
Mega TWO SIGMA INVESTMENTS, LP	16,744	$714,131
Mid Equitable Holdings, Inc.	13,333	$568,652
Small GWN SECURITIES INC.	6,696	$285,584

Top Sold-Out Positions

vs Dec 31, 2024

Institution	Previously Held	Last Value (USD)
Micro Strid Group, LLC	1,378,715	$61,545,837
Small MENLO ADVISORS LLC	251,355	$11,220,487
Large Empowered Funds, LLC	141,529	$6,317,854
Small Well Done, LLC	138,314	$6,174,336
Micro ONE PLUS ONE WEALTH MANAGEMENT, LLC	137,933	$6,157,329

Filter: New 5 Increased 14 Reduced 10 Sold out 31 Unchanged 8

Showing 37 of 37

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Empirical Finance, LLC QVAL

$18,954,854

15.78%

444,428

Stokes Family Office, LLC QVAL

$10,296,648

8.57%

241,422

CWM, LLC QVAL

$9,574,157

7.97%

224,482

Waverly Advisors, LLC QVAL

$9,258,248

7.71%

217,075

Valley Financial Group, Inc. QVAL

$8,958,888

7.46%

210,056

RAYMOND JAMES FINANCIAL INC QVAL

$8,822,749

7.34%

206,864

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

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	61,911	$2,640,504	29.9%	Defined
Raymond James Financial Services Advisors, Inc.	134,054	$5,717,403	64.8%	Defined
RAYMOND JAMES TRUST N.A.	10,899	$464,842	5.3%	Defined

Ethos Financial Group, LLC QVAL

$8,674,668

7.22%

203,392

BWM Planning, LLC QVAL

$8,334,492

6.94%

195,416

Kathmere Capital Management, LLC QVAL

$6,118,995

5.09%

143,470

One Degree Advisors Inc QVAL

$5,203,129

4.33%

121,996

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO QVAL

$5,099,063

4.24%

119,556

ROYAL BANK OF CANADA QVAL

$4,851,607

4.04%

113,754

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	113,648	$4,847,087	99.9%	Defined
RBC Dominion Securities Inc.	106	$4,520	0.1%	Defined

Kathleen S. Wright Associates Inc. QVAL

$4,636,652

3.86%

108,714

LPL Financial LLC QVAL

$3,157,976

2.63%

74,044

Meredith Wealth Planning QVAL

$1,180,893

0.98%

27,688

SUSQUEHANNA INTERNATIONAL GROUP, LLP QVAL

$885,200

0.74%

20,755

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

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	20,755	$885,200	100.0%	Other

TOWNSQUARE CAPITAL LLC QVAL

$873,258

0.73%

20,475

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

Manager	Shares	Value (USD)	% of position	Discretion
WARREN STREET WEALTH ADVISORS, LLC	20,475	$873,258	100.0%	Other

AQR CAPITAL MANAGEMENT LLC QVAL

$807,235

0.67%

18,927

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

Manager	Shares	Value (USD)	% of position	Discretion
Stokes Family Office, LLC	17,715	$755,544	93.6%	Other
Held directly	1,212	$51,691	6.4%	Defined

TWO SIGMA INVESTMENTS, LP QVAL

$714,131

0.59%

16,744

Lifeworks Advisors, LLC QVAL

$705,473

0.59%

16,541

Pathstone Holdings, LLC QVAL

$596,289

0.50%

13,981

Equitable Holdings, Inc. QVAL

$568,652

0.47%

13,333

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

Manager	Shares	Value (USD)	% of position	Discretion
EQUITABLE ADVISORS, LLC	13,333	$568,652	100.0%	Defined

OSAIC HOLDINGS, INC. QVAL

$344,397

0.29%

8,075

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

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	852	$36,337	10.6%	Defined
Osaic Advisory Services, LLC	7,223	$308,060	89.4%	Defined

O'SHAUGHNESSY ASSET MANAGEMENT, LLC QVAL

$342,863

0.29%

8,039

GWN SECURITIES INC. QVAL

$285,584

0.24%

6,696

Cetera Investment Advisers QVAL

$233,380

0.19%

5,472

Innova Wealth Partners QVAL

$228,646

0.19%

5,361

MORGAN STANLEY QVAL

$122,489

0.10%

2,872

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

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO. LLC	2,213	$94,384	77.1%	Defined
MORGAN STANLEY SMITH BARNEY LLC	659	$28,105	22.9%	Defined

SRH ADVISORS, LLC QVAL

$102,360

0.09%

2,400

MAI Capital Management QVAL

$63,975

0.05%

1,500

BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC QVAL

$46,062

0.04%

1,080

JPMORGAN CHASE & CO QVAL

$45,891

0.04%

1,076

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

Manager	Shares	Value (USD)	% of position	Discretion
55I, LLC	1,076	$45,891	100.0%	Other

AE Wealth Management LLC QVAL

$18,382

0.02%

431

Steward Partners Investment Advisory, LLC QVAL

$8,530

0.01%

200

IFP Advisors, Inc QVAL

$6,696

0.01%

157

WELLS FARGO & COMPANY/MN QVAL

0.00%

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

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO CLEARING SERVICES, LLC	0	$0	—	Defined

PROEQUITIES, INC. QVAL

0.00%

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

Manager	Shares	Value (USD)	% of position	Discretion
Alpha Architect, LLC	141,529	$6,317,854	100.0%	Other

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

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	7,542	$336,674	100.0%	Defined

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

Manager	Shares	Value (USD)	% of position	Discretion
UBS Securities LLC	2,159	$96,377	100.0%	Sole