UNITED STS 12 MONTH OIL FD L

Ticker: USL CUSIP: 91288V103 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (1)

Virtu Financial LLC

Value ($000) $2 Shares 45,699

Institution	Shares	Value ($000)
Virtu Financial LLC	45,699	$2

Increased Positions (2)

Roxbury Financial LLC

Value ($000) $127 (+114.7%) Shares 3,825 (+129.5%)

AdvisorNet Financial, Inc

Value ($000) $2 (+14.2%) Shares 61 (+22.0%)

Institution	Prev Shares	Curr Shares	Change
Roxbury Financial LLC	1,667	3,825	+2,158 (+129.5%)
AdvisorNet Financial, Inc	50	61	+11 (+22.0%)

Decreased Positions (4)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $1,715 (-25.6%) Shares 51,482 (-20.5%)

Value ($000) $26 (-73.7%) Shares 786 (-71.9%)

Cetera Investment Advisers

Value ($000) $320 (-17.2%) Shares 9,616 (-11.5%)

OSAIC HOLDINGS, INC.

Value ($000) $166 (-24.6%) Shares 4,975 (-18.5%)

Institution	Prev Shares	Curr Shares	Change
SUSQUEHANNA INTERNATIONAL GROUP, LLP	64,745	51,482	-13,263 (-20.5%)
UBS Group AG	2,801	786	-2,015 (-71.9%)
Cetera Investment Advisers	10,866	9,616	-1,250 (-11.5%)
OSAIC HOLDINGS, INC.	6,105	4,975	-1,130 (-18.5%)

Exited Positions (4)

JANE STREET GROUP, LLC

Value ($000) $1,150 Shares 32,297

Value ($000) $1 Shares 16

SIMPLEX TRADING, LLC

Value ($000) $0 Shares 56

ROYAL BANK OF CANADA

Value ($000) $0 Shares 11

Institution	Prev Shares	Prev Value ($000)
JANE STREET GROUP, LLC	32,297	$1,150
BARCLAYS PLC	16	$1
SIMPLEX TRADING, LLC	56	$0
ROYAL BANK OF CANADA	11	$0