RBB FD INC

Ticker: UTEN CUSIP: 74933W536 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (7)

STAPP WEALTH MANAGEMENT, PLLC

Value ($000) $653 Shares 14,825

Laird Norton Wetherby Trust Company, LLC

Value ($000) $325 Shares 7,376

Kestra Advisory Services, LLC

Value ($000) $114 Shares 2,585

Spire Wealth Management

Value ($000) $24 Shares 547

OSAIC HOLDINGS, INC.

Value ($000) $13 Shares 300

FMR LLC

Value ($000) $12 Shares 277

Aptus Capital Advisors, LLC

Value ($000) $4 Shares 87

Institution	Shares	Value ($000)
STAPP WEALTH MANAGEMENT, PLLC	14,825	$653
Laird Norton Wetherby Trust Company, LLC	7,376	$325
Kestra Advisory Services, LLC	2,585	$114
Spire Wealth Management	547	$24
OSAIC HOLDINGS, INC.	300	$13
FMR LLC	277	$12
Aptus Capital Advisors, LLC	87	$4

Increased Positions (17)

ALTFEST L J & CO INC

Value ($000) $44,155 (+3.1%) Shares 1,002,268 (+3.5%)

Crew Capital Management, Ltd.

Value ($000) $1,414 (+15.4%) Shares 32,100 (+15.8%)

LVW Advisors, LLC

Value ($000) $802 (+58.9%) Shares 18,209 (+59.5%)

Equitable Holdings, Inc.

Value ($000) $30,762 (+3.0%) Shares 698,274 (+3.4%)

Apollon Wealth Management, LLC

Value ($000) $2,589 (+23.5%) Shares 58,760 (+24.0%)

Stewardship Advisors, LLC

Value ($000) $634 (+8.1%) Shares 14,394 (+8.5%)

STIFEL FINANCIAL CORP

Value ($000) $2,573 (+92.3%) Shares 58,396 (+93.0%)

LPL Financial LLC

Value ($000) $8,917 (+20.6%) Shares 202,414 (+21.0%)

MORGAN STANLEY

Value ($000) $16,305 (+10.0%) Shares 370,114 (+10.5%)

UBS Group AG

Value ($000) $2,058 (+45.2%) Shares 46,704 (+45.8%)

RAYMOND JAMES FINANCIAL INC

Value ($000) $755 (+159.1%) Shares 17,147 (+160.1%)

CITADEL ADVISORS LLC

Value ($000) $1,299 (+42.4%) Shares 29,494 (+43.0%)

TRUIST FINANCIAL CORP

Value ($000) $1,088 (+11.3%) Shares 24,701 (+11.7%)

NewEdge Advisors, LLC

Value ($000) $1,612 (+4.6%) Shares 36,585 (+5.0%)

COMMONWEALTH EQUITY SERVICES, LLC

Value ($000) $4,975 (+101175.9%) Shares 112,920 (+1.7%)

JPMORGAN CHASE & CO

Value ($000) $55 (+47.6%) Shares 1,252 (+48.2%)

Steward Partners Investment Advisory, LLC

Value ($000) $43 (+42.4%) Shares 972 (+42.9%)

Institution	Prev Shares	Curr Shares	Change
ALTFEST L J & CO INC	968,781	1,002,268	+33,487 (+3.5%)
Crew Capital Management, Ltd.	27,724	32,100	+4,376 (+15.8%)
LVW Advisors, LLC	11,415	18,209	+6,794 (+59.5%)
Equitable Holdings, Inc.	675,396	698,274	+22,878 (+3.4%)
Apollon Wealth Management, LLC	47,400	58,760	+11,360 (+24.0%)
Stewardship Advisors, LLC	13,264	14,394	+1,130 (+8.5%)
STIFEL FINANCIAL CORP	30,258	58,396	+28,138 (+93.0%)
LPL Financial LLC	167,271	202,414	+35,143 (+21.0%)
MORGAN STANLEY	335,072	370,114	+35,042 (+10.5%)
UBS Group AG	32,042	46,704	+14,662 (+45.8%)
RAYMOND JAMES FINANCIAL INC	6,592	17,147	+10,555 (+160.1%)
CITADEL ADVISORS LLC	20,630	29,494	+8,864 (+43.0%)
TRUIST FINANCIAL CORP	22,113	24,701	+2,588 (+11.7%)
NewEdge Advisors, LLC	34,842	36,585	+1,743 (+5.0%)
COMMONWEALTH EQUITY SERVICES, LLC	111,074	112,920	+1,846 (+1.7%)
JPMORGAN CHASE & CO	845	1,252	+407 (+48.2%)
Steward Partners Investment Advisory, LLC	680	972	+292 (+42.9%)

Decreased Positions (13)

MidWestOne Financial Group, Inc.

Value ($000) $1,104 (-84.9%) Shares 25,050 (-84.9%)

WEALTHCARE CAPITAL MANAGEMENT LLC

Value ($000) $16,976 (-6.6%) Shares 385,345 (-6.2%)

Foguth Wealth Management, LLC.

Value ($000) $4,638 (-9.9%) Shares 105,388 (-10.1%)

Empirical Asset Management, LLC

Value ($000) $803 (-40.4%) Shares 120,843 (-9.2%)

Tower Research Capital LLC (TRC)

Value ($000) $471 (-64.3%) Shares 10,686 (-64.2%)

F/M Investments LLC

Value ($000) $264 (-30.6%) Shares 5,999 (-30.3%)

JANE STREET GROUP, LLC

Value ($000) $687 (-59.2%) Shares 15,587 (-59.1%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $220 (-72.7%) Shares 5,000 (-72.6%)

Valtinson Bruner Financial Planning LLC

Value ($000) $232 (-6.1%) Shares 5,259 (-5.7%)

THOROUGHBRED FINANCIAL SERVICES, LLC

Value ($000) $0 (-35.2%) Shares 7,309 (-35.0%)

Wealthcare Advisory Partners LLC

Value ($000) $484 (-6.9%) Shares 10,982 (-6.5%)

Sanctuary Advisors, LLC

Value ($000) $896 (-3.9%) Shares 20,344 (-3.5%)

AE Wealth Management LLC

Value ($000) $5 (-21.2%) Shares 106 (-20.9%)

Institution	Prev Shares	Curr Shares	Change
MidWestOne Financial Group, Inc.	165,515	25,050	-140,465 (-84.9%)
WEALTHCARE CAPITAL MANAGEMENT LLC	410,998	385,345	-25,653 (-6.2%)
Foguth Wealth Management, LLC.	117,276	105,388	-11,888 (-10.1%)
Empirical Asset Management, LLC	133,096	120,843	-12,253 (-9.2%)
Tower Research Capital LLC (TRC)	29,854	10,686	-19,168 (-64.2%)
F/M Investments LLC	8,612	5,999	-2,613 (-30.3%)
JANE STREET GROUP, LLC	38,066	15,587	-22,479 (-59.1%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	18,256	5,000	-13,256 (-72.6%)
Valtinson Bruner Financial Planning LLC	5,578	5,259	-319 (-5.7%)
THOROUGHBRED FINANCIAL SERVICES, LLC	11,244	7,309	-3,935 (-35.0%)
Wealthcare Advisory Partners LLC	11,751	10,982	-769 (-6.5%)
Sanctuary Advisors, LLC	21,081	20,344	-737 (-3.5%)
AE Wealth Management LLC	134	106	-28 (-20.9%)

Exited Positions (1)

Financial Gravity Asset Management, Inc.

Value ($000) $18 Shares 399

Institution	Prev Shares	Prev Value ($000)
Financial Gravity Asset Management, Inc.	399	$18