ETF OPPORTUNITIES TRUST

Ticker: MSTZ CUSIP: 26923N413 Class: T REX 2X INVERSE

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (5)

Scientech Research LLC
Value ($000) $378 Shares 22,032
Headlands Technologies LLC
Value ($000) $204 Shares 11,874
IMC-Chicago, LLC
Value ($000) $390 Shares 22,740
CITIGROUP INC
Value ($000) $144 Shares 8,422
HOLLENCREST CAPITAL MANAGEMENT
Value ($000) $0 Shares 5

Increased Positions (1)

Tower Research Capital LLC (TRC)
Value ($000) $99 (+3678.2%) Shares 5,794 (+1058.8%)

Decreased Positions (8)

StoneX Group Inc.
Value ($000) $737 (+26.4%) Shares 42,963 (-61.2%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $3,590 (-42.5%) Shares 209,315 (-82.4%)
Optiver Holding B.V.
Value ($000) $370 (-82.7%) Shares 21,582 (-94.7%)
CITADEL ADVISORS LLC
Value ($000) $229 (-85.4%) Shares 13,364 (-95.5%)
Jump Financial, LLC
Value ($000) $662 (+91.2%) Shares 38,592 (-41.4%)
UBS Group AG
Value ($000) $9 (-98.9%) Shares 518 (-99.7%)
SBI Securities Co., Ltd.
Value ($000) $286 (+109.5%) Shares 16,668 (-35.7%)
JANE STREET GROUP, LLC
Value ($000) $1,606 (+215.5%) Shares 93,628 (-3.2%)

Exited Positions (11)

Revere Asset Management, Inc
Value ($000) $1,278 Shares 243,030
Hunting Hill Global Capital, LLC
Value ($000) $256 Shares 48,674
TWO SIGMA SECURITIES, LLC
Value ($000) $492 Shares 93,441
XTX Topco Ltd
Value ($000) $172 Shares 32,711
FLOW TRADERS U.S. LLC
Value ($000) $0 Shares 86,254
Belvedere Trading LLC
Value ($000) $236 Shares 44,860
Geneos Wealth Management Inc.
Value ($000) $39 Shares 7,407
Federation des caisses Desjardins du Quebec
Value ($000) $13 Shares 2,500
Advisory Services Network, LLC
Value ($000) $4 Shares 790
HRT FINANCIAL LP
Value ($000) $0 Shares 24,258
SIMPLEX TRADING, LLC
Value ($000) $0 Shares 10,213