FIRST TR EXCH TRADED FD III

Ticker: RFEM CUSIP: 33739P707 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (6)

Ferguson Shapiro LLC

Value ($000) $7,611 Shares 96,110

Triad Wealth Partners, LLC

Value ($000) $472 Shares 5,961

MGO ONE SEVEN LLC

Value ($000) $330 Shares 4,170

Elevated Capital Advisors, LLC

Value ($000) $47 Shares 597

INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC

Value ($000) $53 Shares 670

Kestra Advisory Services, LLC

Value ($000) $23 Shares 290

Institution	Shares	Value ($000)
Ferguson Shapiro LLC	96,110	$7,611
Triad Wealth Partners, LLC	5,961	$472
MGO ONE SEVEN LLC	4,170	$330
Elevated Capital Advisors, LLC	597	$47
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC	670	$53
Kestra Advisory Services, LLC	290	$23

Increased Positions (12)

Maia Wealth LLC

Value ($000) $1,257 (+23.0%) Shares 14,334 (+10.6%)

Coppell Advisory Solutions LLC

Value ($000) $1,728 (+14.8%) Shares 21,832 (+9.6%)

LPL Financial LLC

Value ($000) $6,121 (+53.2%) Shares 77,302 (+46.7%)

OSAIC HOLDINGS, INC.

Value ($000) $1,120 (+1348.2%) Shares 14,133 (+1255.0%)

Prospera Financial Services Inc

Value ($000) $2,963 (+9.3%) Shares 37,417 (+4.7%)

WELLS FARGO & COMPANY/MN

Value ($000) $678 (+3449.9%) Shares 8,559 (+3296.4%)

MML INVESTORS SERVICES, LLC

Value ($000) $1,299 (+32.7%) Shares 16,401 (+27.1%)

ENVESTNET ASSET MANAGEMENT INC

Value ($000) $4,769 (+10.1%) Shares 60,221 (+5.4%)

J.W. COLE ADVISORS, INC.

Value ($000) $2,090 (+7.1%) Shares 26,392 (+2.5%)

Cetera Investment Advisers

Value ($000) $2,131 (+13.0%) Shares 26,909 (+8.2%)

World Investment Advisors

Value ($000) $949 (+9.3%) Shares 11,982 (+4.7%)

Janney Montgomery Scott LLC

Value ($000) $6 (+8.9%) Shares 72,344 (+4.3%)

Institution	Prev Shares	Curr Shares	Change
Maia Wealth LLC	12,959	14,334	+1,375 (+10.6%)
Coppell Advisory Solutions LLC	19,922	21,832	+1,910 (+9.6%)
LPL Financial LLC	52,684	77,302	+24,618 (+46.7%)
OSAIC HOLDINGS, INC.	1,043	14,133	+13,090 (+1255.0%)
Prospera Financial Services Inc	35,733	37,417	+1,684 (+4.7%)
WELLS FARGO & COMPANY/MN	252	8,559	+8,307 (+3296.4%)
MML INVESTORS SERVICES, LLC	12,901	16,401	+3,500 (+27.1%)
ENVESTNET ASSET MANAGEMENT INC	57,120	60,221	+3,101 (+5.4%)
J.W. COLE ADVISORS, INC.	25,741	26,392	+651 (+2.5%)
Cetera Investment Advisers	24,874	26,909	+2,035 (+8.2%)
World Investment Advisors	11,448	11,982	+534 (+4.7%)
Janney Montgomery Scott LLC	69,369	72,344	+2,975 (+4.3%)

Decreased Positions (5)

Sunbelt Securities, Inc.

Value ($000) $0 (-99.6%) Shares 3 (-99.7%)

Baird Financial Group, Inc.

Value ($000) $3,567 (+2.3%) Shares 45,046 (-2.1%)

TRUIST FINANCIAL CORP

Value ($000) $2,143 (+0.9%) Shares 27,064 (-3.4%)

TUCKER ASSET MANAGEMENT LLC

Value ($000) $46 (-2.5%) Shares 581 (-6.6%)

MORGAN STANLEY

Value ($000) $0 (-94.6%) Shares 1 (-97.2%)

Institution	Prev Shares	Curr Shares	Change
Sunbelt Securities, Inc.	953	3	-950 (-99.7%)
Baird Financial Group, Inc.	45,992	45,046	-946 (-2.1%)
TRUIST FINANCIAL CORP	28,011	27,064	-947 (-3.4%)
TUCKER ASSET MANAGEMENT LLC	622	581	-41 (-6.6%)
MORGAN STANLEY	36	1	-35 (-97.2%)

Exited Positions (4)

OLD MISSION CAPITAL LLC

Value ($000) $4,569 Shares 60,239

NBC SECURITIES, INC.

Value ($000) $83 Shares 1,100

JANE STREET GROUP, LLC

Value ($000) $1,514 Shares 19,961

ASSETMARK, INC

Value ($000) $15 Shares 197

Institution	Prev Shares	Prev Value ($000)
OLD MISSION CAPITAL LLC	60,239	$4,569
NBC SECURITIES, INC.	1,100	$83
JANE STREET GROUP, LLC	19,961	$1,514
ASSETMARK, INC	197	$15