ADVISORSHARES TR

Ticker: PSIL CUSIP: 00768Y297 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (2)

TORNO CAPITAL, LLC

Value ($000) $601 Shares 35,000

Allworth Financial LP

Value ($000) $0 Shares 22

Institution	Shares	Value ($000)
TORNO CAPITAL, LLC	35,000	$601
Allworth Financial LP	22	$0

Increased Positions (3)

CIBC Private Wealth Group, LLC

Value ($000) $508 (+6.9%) Shares 29,566 (+18.2%)

Value ($000) $4 (+448.2%) Shares 212 (+505.7%)

Bell Investment Advisors, Inc

Value ($000) $1 (-0.7%) Shares 75 (+10.3%)

Institution	Prev Shares	Curr Shares	Change
CIBC Private Wealth Group, LLC	25,019	29,566	+4,547 (+18.2%)
UBS Group AG	35	212	+177 (+505.7%)
Bell Investment Advisors, Inc	68	75	+7 (+10.3%)

Decreased Positions (1)

Value ($000) $7 (-68.4%) Shares 400 (-65.1%)

Institution	Prev Shares	Curr Shares	Change
MORGAN STANLEY	1,146	400	-746 (-65.1%)

Exited Positions (3)

MAI Capital Management

Value ($000) $3 Shares 147

OSAIC HOLDINGS, INC.

Value ($000) $0 Shares 6

Value ($000) $0 Shares 1

Institution	Prev Shares	Prev Value ($000)
MAI Capital Management	147	$3
OSAIC HOLDINGS, INC.	6	$0
FMR LLC	1	$0