ETF SER SOLUTIONS

Ticker: TRFM CUSIP: 26922B683 Class: AAM TRANSFORMERS

Holders for Q4 2025 Position Changes for Q4 2025

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

InstitutionSharesValue ($000)
LPL Financial LLC1,253,257$59,718
OSAIC HOLDINGS, INC.149,396$7,119
RAYMOND JAMES FINANCIAL INC73,427$3,499
SeaCrest Wealth Management, LLC56,598$2,826
Cetera Investment Advisers44,591$2,125
STIFEL FINANCIAL CORP38,735$1,846
Key Client Fiduciary Advisors, LLC37,199$1,773
COMMONWEALTH EQUITY SERVICES, LLC36,588$1,743
KESTRA PRIVATE WEALTH SERVICES, LLC27,858$1,327
FARMERS & MERCHANTS TRUST Co OF LONG BEACH20,871$995
JANE STREET GROUP, LLC15,927$759
TRUIST FINANCIAL CORP12,750$608
ENVESTNET ASSET MANAGEMENT INC11,874$566
ROYAL BANK OF CANADA10,652$508
OPPENHEIMER & CO INC9,400$448
Prospera Financial Services Inc6,920$330
Balboa Wealth Partners6,463$308
PRINCIPAL SECURITIES, INC.5,496$262
WELLS FARGO & COMPANY/MN4,778$228
SUSQUEHANNA INTERNATIONAL GROUP, LLP4,749$226
CHILTON INVESTMENT CO INC.4,608$220
Steward Partners Investment Advisory, LLC3,377$161
PRIVATE TRUST CO NA3,199$152
FMR LLC838$40
Strengthening Families & Communities, LLC500$24
MORGAN STANLEY298$14
Total (26 institutions)1,840,349$87,822