TRFM · Aptus Collared Investment Opportunity ETF

$60.62 +0.99 (+1.66%) At close · Aug 27

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.

Quarter:

Holders: 79

Total Value: $2,453,661,707

Total Shares: 53,178,626

Institutional Ownership Trend

26 quarters

Holder Concentration

Across 79 13F filers · Δ vs Mar 31, 2026

Top Holder

35.0%

+7.3 pts

Top 5

73.0%

+16.2 pts

Top 10

86.4%

+17.3 pts

HHI

1,832

Moderately concentrated+730

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -53

Institutional value: -0.4%

Shares held: -9.4%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mid Integrated Wealth Concepts LLC	+3,437,498	11,296,079
Mid Aptus Capital Advisors, LLC	+2,331,679	18,591,361
Mid Signal Advisors Wealth, LLC	+251,452	1,453,023
Small Bienville Capital Management, LLC	+88,553	1,119,148
Small GUARDIAN WEALTH ADVISORS, LLC / NC	+70,920	4,543,323

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Large Corient Private Wealth LLC	−335,847	2,467,498
Mid Independent Advisor Alliance	−114,025	95,165
Large MAI Capital Management	−84,771	295,182
Small Uniting Wealth Partners, LLC	−49,172	280,213
Large Quantinno Capital Management LP	−34,861	18,010

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Small CoreFirst Bank & Trust	164,239	$7,577,987
Large NewEdge Advisors, LLC	16,142	$744,791
Mega JANE STREET GROUP, LLC	15,998	$738,147
Small Manhattan West Asset Management, LLC	15,588	$719,230
Large Cetera Investment Advisers	5,378	$248,140

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Micro KFG WEALTH MANAGEMENT, LLC	1,582,391	$66,397,126
Small First Heartland Consultants, Inc.	1,097,223	$46,039,477
Micro Clarus Group, Inc.	1,078,147	$45,239,048
Micro Sunburst Financial Group, LLC	1,069,252	$44,865,813
Small Diversified Enterprises, LLC	1,001,338	$42,016,142

Filter: New 12 Increased 31 Reduced 29 Sold out 65 Unchanged 7

Showing 79 of 79

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Aptus Capital Advisors, LLC

$857,805,396

34.96%

18,591,361

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

Manager	Shares	Value (USD)	% of position	Discretion
Williams Financial Group, LLC	1,263,568	$58,301,027	6.8%	Other
Held directly	17,327,793	$799,504,369	93.2%	Sole

Integrated Wealth Concepts LLC

$521,201,085

21.24%

11,296,079

GUARDIAN WEALTH ADVISORS, LLC / NC

$209,628,923

8.54%

4,543,323

Corient Private Wealth LLC

$113,850,357

4.64%

2,467,498

BROGAN FINANCIAL, INC.

$89,589,576

3.65%

1,941,690

ENVESTNET ASSET MANAGEMENT INC

$79,207,845

3.23%

1,716,685

RAYMOND JAMES FINANCIAL INC

$70,164,220

2.86%

1,520,681

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

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	577	$26,622	0.0%	Defined
Raymond James Financial Services Advisors, Inc.	1,520,104	$70,137,598	100.0%	Defined

Signal Advisors Wealth, LLC

$67,042,481

2.73%

1,453,023

Second Line Capital, LLC

$59,627,275

2.43%

1,292,312

Bienville Capital Management, LLC

$51,637,488

2.10%

1,119,148

Advisory Services Network, LLC

$51,104,801

2.08%

1,107,603

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

Manager	Shares	Value (USD)	% of position	Discretion
55I, LLC	2,755	$127,115	0.2%	Other
Aptus Capital Advisors, LLC	370,715	$17,104,790	33.5%	Other
Held directly	734,133	$33,872,896	66.3%	Sole

Park Place Capital Corp

$49,549,927

2.02%

1,073,905

WELLS FARGO & COMPANY/MN

$31,251,913

1.27%

677,328

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

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	303,376	$13,997,768	44.8%	Defined
WELLS FARGO CLEARING SERVICES, LLC	373,952	$17,254,145	55.2%	Defined

Compass Ion Advisors, LLC

$28,532,652

1.16%

618,393

LPL Financial LLC

$21,488,090

0.88%

465,715

SILVER OAK SECURITIES, INCORPORATED

$14,156,121

0.58%

306,808

MAI Capital Management

$13,619,697

0.56%

295,182

Uniting Wealth Partners, LLC

$12,929,027

0.53%

280,213

Prime Capital Investment Advisors, LLC

$11,537,583

0.47%

250,056

MARIPAU WEALTH MANAGEMENT LLC

$10,517,197

0.43%

227,941

LEVEL FOUR ADVISORY SERVICES, LLC

$9,327,893

0.38%

202,165

CoreFirst Bank & Trust

$7,577,987

0.31%

164,239

RENASANT BANK

$6,395,557

0.26%

138,612

UBS Group AG

$5,693,859

0.23%

123,404

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

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	117,398	$5,416,743	95.1%	Defined
UBS Securities LLC	6,006	$277,116	4.9%	Defined

Regal Investment Advisors LLC

$5,414,021

0.22%

117,339

Independent Advisor Alliance

$4,390,913

0.18%

95,165

Meridian Wealth Management, LLC

$4,268,365

0.17%

92,509

NCM Capital Management, LLC

$4,247,556

0.17%

92,058

Savvy Advisors, Inc.

$3,825,974

0.16%

82,921

Orion Porfolio Solutions, LLC

$3,798,844

0.15%

82,333

OSAIC HOLDINGS, INC.

$3,768,345

0.15%

81,672

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

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	61,175	$2,822,614	74.9%	Defined
CW Advisors, LLC	18,186	$839,102	22.3%	Sole
Osaic Advisory Services, LLC	2,311	$106,629	2.8%	Defined

MML INVESTORS SERVICES, LLC

$2,640,869

0.11%

57,236

Delta Investment Management, LLC

$2,472,734

0.10%

53,592

Geneos Wealth Management Inc.

$2,379,439

0.10%

51,570

TFR Capital, LLC.

$2,318,673

0.09%

50,253

Legacy Capital Wealth Partners, LLC

$2,176,516

0.09%

47,172

AQR CAPITAL MANAGEMENT LLC

$2,125,946

0.09%

46,076

CITADEL ADVISORS LLC

$1,429,278

0.06%

30,977

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

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	30,977	$1,429,278	100.0%	Defined

HRT FINANCIAL LP

$1,394,396

0.06%

30,221

MERCER GLOBAL ADVISORS INC /ADV

$1,169,279

0.05%

25,342

Prosperity Bancshares Inc

$994,962

0.04%

21,564

Betterment LLC

$951,452

0.04%

20,621

Quantinno Capital Management LP

$830,981

0.03%

18,010

NewEdge Advisors, LLC

$744,791

0.03%

16,142

JANE STREET GROUP, LLC

$738,147

0.03%

15,998

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	15,998	$738,147	100.0%	Defined

OLD MISSION CAPITAL LLC

$723,059

0.03%

15,671

Manhattan West Asset Management, LLC

$719,230

0.03%

15,588

Equitable Holdings, Inc.

$591,376

0.02%

12,817

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

Manager	Shares	Value (USD)	% of position	Discretion
EQUITABLE ADVISORS, LLC	12,817	$591,376	100.0%	Defined

Perigon Wealth Management, LLC

$518,982

0.02%

11,248

GTS SECURITIES LLC

$424,580

0.02%

9,202

Parallel Advisors, LLC

$399,710

0.02%

8,663

Retirement Planning Group, LLC

$382,685

0.02%

8,294

Moors & Cabot, Inc.

$351,125

0.01%

7,610

Thompson David Blair

$330,823

0.01%

7,170

WealthShield Partners, LLC

$260,598

0.01%

5,648

Peak Planning Group, LLC

$255,615

0.01%

5,540

Cetera Investment Advisers

$248,140

0.01%

5,378

Forefront Wealth Partners, LLC

$247,402

0.01%

5,362

Ameritas Advisory Services, LLC

$245,510

0.01%

5,321

ROYAL BANK OF CANADA

$242,327

0.01%

5,252

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	5,252	$242,327	100.0%	Defined

Western Wealth Management, LLC

$240,066

0.01%

5,203

JPMORGAN CHASE & CO

$237,436

0.01%

5,146

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

Manager	Shares	Value (USD)	% of position	Discretion
55I, LLC	5,146	$237,436	100.0%	Other

Global Retirement Partners, LLC

$230,976

0.01%

5,006

CAPTRUST FINANCIAL ADVISORS

$220,364

0.01%

4,776

Transcendent Capital Group LLC

$216,858

0.01%

4,700

LIBERTY SQUARE WEALTH PARTNERS LLC

$213,212

0.01%

4,621

FIFTH THIRD BANCORP

$210,998

0.01%

4,573

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

Manager	Shares	Value (USD)	% of position	Discretion
Fifth Third Bank, National Association	4,573	$210,998	100.0%	Defined

CONSULTIVA WEALTH MANAGEMENT, CORP.

$190,096

0.01%

4,120

HARBOUR INVESTMENTS, INC.

$176,577

0.01%

3,827

CHILTON CAPITAL MANAGEMENT LLC

$111,335

0.00%

2,413

COMPASS FINANCIAL MANAGEMENT LLC

$73,870

0.00%

1,601

AE Wealth Management LLC

$36,127

0.00%

783

O'SHAUGHNESSY ASSET MANAGEMENT, LLC

$22,931

0.00%

497

Dunhill Financial, LLC

$14,211

0.00%

308

Silver Grove Financial Group, Inc.

$3,091

0.00%

PNC FINANCIAL SERVICES GROUP, INC.

$2,214

0.00%

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

Manager	Shares	Value (USD)	% of position	Discretion
PNC Bank, National Association	48	$2,214	100.0%	Defined

IFG Advisory, LLC

$1,107

0.00%

Smartleaf Asset Management LLC

$599

0.00%

MORGAN STANLEY

$46

0.00%

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	$46	100.0%	Defined

Key facts CIK 1539639 CUSIP 26922A222 13F (30d) 82 filings 79 filers Visit website