ETF OPPORTUNITIES TRUST

Ticker: NFLU CUSIP: 26923N447 Class: T REX 2X LNG NFL

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (2)

Larson Financial Group LLC

Value ($000) $4 Shares 111

Value ($000) $0 Shares 1

Institution	Shares	Value ($000)
Larson Financial Group LLC	111	$4
CITIGROUP INC	1	$0

Increased Positions (1)

Optiver Holding B.V.

Value ($000) $342 (+14.0%) Shares 10,552 (+99.5%)

Institution	Prev Shares	Curr Shares	Change
Optiver Holding B.V.	5,289	10,552	+5,263 (+99.5%)

Decreased Positions (2)

Belvedere Trading LLC

Value ($000) $565 (-81.4%) Shares 17,429 (-67.4%)

GROUP ONE TRADING, L.P.

Value ($000) $117 (-52.6%) Shares 3,622 (-16.9%)

Institution	Prev Shares	Curr Shares	Change
Belvedere Trading LLC	53,389	17,429	-35,960 (-67.4%)
GROUP ONE TRADING, L.P.	4,360	3,622	-738 (-16.9%)

Exited Positions (4)

IMC-Chicago, LLC

Value ($000) $718 Shares 12,646

HOLLENCREST CAPITAL MANAGEMENT

Value ($000) $50 Shares 875

FLOW TRADERS U.S. LLC

Value ($000) $0 Shares 3,806

SIMPLEX TRADING, LLC

Value ($000) $0 Shares 2,978

Institution	Prev Shares	Prev Value ($000)
IMC-Chicago, LLC	12,646	$718
HOLLENCREST CAPITAL MANAGEMENT	875	$50
FLOW TRADERS U.S. LLC	3,806	$0
SIMPLEX TRADING, LLC	2,978	$0