Aptus Collared Investment Opportunity

ACIO • BATS

Aptus Collared Investment Opportunity is an exchange-traded fund on BATS. As of Q3 2025, 118 institutional investors hold shares in this ETF, with total holdings valued at $2.2B. Aptus Capital Advisors, LLC is the largest holder with a position valued at $599.1M.

Overview

Overview of institutional ownership in ACIO as of Q3 2025

All Institutions

Institutions: 118
Value Held: $2.2B
Shares Held: 51.6M
Avg Position: $19.0M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 3
Value Held: $49.2M
Shares Held: 1.1M
Avg Position: $16.4M
Median Position: $6.2M

Biggest Investors

Institutions with the largest positions in ACIO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Aptus Capital Advisors, LLC ETF Provider	Brett Mathew Wickmann CCO	$599.1M 5.55% of portfolio	13.8M shares	Q3 2019 Held for 6y 2m	$10.8B
Integrated Wealth Concepts LLC RIA/Wealth	Paul Anton Saganey Founder	$318.6M 2.88% of portfolio	7.3M shares	Q3 2023 Held for 2y 2m	$11.1B
GUARDIAN WEALTH ADVISORS, LLC / NC RIA/Wealth	Thibault Basquin Member	$189.7M 12.66% of portfolio	4.4M shares	Q4 2021 Held for 3y 11m	$1.5B
BROGAN FINANCIAL, INC. RIA/Wealth	James Edward Brogan President	$85.7M 36.54% of portfolio	2.0M shares	Q4 2022 Held for 2y 11m	$234.7M
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$83.5M 0.02% of portfolio	1.9M shares	Q3 2023 Held for 2y 2m	$341.99B
KFG WEALTH MANAGEMENT, LLC RIA/Wealth	Kevin Sidney Korhorn President	$71.1M 10.44% of portfolio	1.6M shares	Q3 2024 Held for 1y 2m	$681.3M
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$65.2M 0.02% of portfolio	1.5M shares	Q4 2024 Held for 11 months	$310.43B
S Second Line Capital, LLC RIA/Wealth	John Bordelon CEO	$53.1M 11.06% of portfolio	1.2M shares	Q4 2023 Held for 1y 11m	$480.4M
C Clarus Group, Inc. RIA/Wealth	Rex Clinton Whiteside President	$48.9M 17.00% of portfolio	1.1M shares	Q1 2024 Held for 1y 8m	$287.6M
Signal Advisors Wealth, LLC RIA/Wealth	Patrick Richard Kelly CEO	$46.1M 4.25% of portfolio	1.1M shares	Q1 2024 Held for 1y 8m	$1.1B

Net Capital Flow

Institutional buying and selling activity for ACIO in Q3 2025

Traded: −$48.6M
Buyers: 68
Sellers: 45
Total Bought: +$137.7M
Total Sold: −$186.3M
Avg Position: $18.1M

Biggest Buyers

Institution	Net Bought	Current Position
Integrated Wealth Concepts LLC RIA/Wealth	+$28.7M +660.3K shares	$318.6M 7.3M shares
Uniting Wealth Partners, LLC RIA/Wealth	+$13.3M +306.7K shares	$31.4M 722.6K shares
Signal Advisors Wealth, LLC RIA/Wealth	+$13.2M +304.1K shares	$46.1M 1.1M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$11.9M +273.9K shares	$83.5M 1.9M shares
Park Place Capital Corp RIA/Wealth	+$7.2M +166.2K shares	$44.2M 1.0M shares
KFG WEALTH MANAGEMENT, LLC RIA/Wealth	+$7.1M +164.1K shares	$71.1M 1.6M shares
Diversified Enterprises, LLC RIA/Wealth	+$5.4M +123.3K shares	$34.4M 791.5K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$4.8M +109.5K shares	$6.2M 142.5K shares
GUARDIAN WEALTH ADVISORS, LLC / NC RIA/Wealth	+$4.4M +101.1K shares	$189.7M 4.4M shares
Sunburst Financial Group, LLC RIA/Wealth	+$3.9M +90.4K shares	$43.2M 995.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$143.4M −3.3M shares	$65.2M 1.5M shares
Aptus Capital Advisors, LLC ETF Provider	−$10.2M −235.3K shares	$599.1M 13.8M shares
Wealthcare Advisory Partners LLC RIA/Wealth	−$5.3M −122.9K shares	$6.7M 154.0K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	−$5.0M −121.1K shares	Sold Off 0 shares
TrueWealth Advisors, LLC RIA/Wealth	−$3.2M −74.1K shares	$15.0M 346.4K shares
Oregon Pacific Wealth Management, LLC RIA/Wealth	−$2.6M −63.6K shares	Sold Off 0 shares
Delta Investment Management, LLC RIA/Wealth	−$2.4M −55.6K shares	$8.1M 187.4K shares
Bienville Capital Management, LLC Hedge Fund•Multi-Strategy	−$2.1M −48.3K shares	$41.4M 953.7K shares
HARBOUR INVESTMENTS, INC. RIA/Wealth	−$1.9M −43.9K shares	$687.7K 15.8K shares
MBE Wealth Management, LLC RIA/Wealth	−$1.9M −43.4K shares	$11.8M 272.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ACIO in Q3 2025

New Positions: 11
New Value: $6.9M
Exited Positions: 6
Exited Value: $8.8M

New Positions

Institution	Position Value
Mendel Money Management RIA/Wealth	$2.0M 45.6K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.6M 36.6K shares
Regal Investment Advisors, LLC RIA/Wealth	$1.4M 31.4K shares
VISIONARY HORIZONS, LLC RIA/Wealth	$676.5K 15.6K shares
Cetera Investment Advisers RIA/Wealth	$360.6K 8.3K shares
AXXCESS WEALTH MANAGEMENT, LLC RIA/Wealth	$324.4K 7.5K shares
Foundations Investment Advisors, LLC RIA/Wealth	$314.9K 7.3K shares
Able Wealth Management LLC RIA/Wealth	$214.8K 4.9K shares
Hanson McClain, Inc. RIA/Wealth	$17.6K 406.0 shares
PNC FINANCIAL SERVICES GROUP, INC. Institution	$17.6K 406.0 shares

Exited Positions

Institution	Previous Position
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	$5.0M 121.1K shares
Oregon Pacific Wealth Management, LLC RIA/Wealth	$2.6M 63.6K shares
Advisor Resource Council RIA/Wealth	$794.1K 19.2K shares
Magnolia Private Wealth, LLC RIA/Wealth	$298.2K 7.2K shares
Northwest Capital Management Inc RIA/Wealth	$89.7K 2.2K shares
B Beacon Capital Management, LLC RIA/Wealth	$4.8K 116.0 shares

Options Activity

Institutions with the largest Call and Put options positions in ACIO as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with ACIO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
BROGAN FINANCIAL, INC. RIA/Wealth	James Edward Brogan President	36.54% $85.7M	2.0M shares	Q4 2022 Held for 2y 11m	$234.7M
C Clarus Group, Inc. RIA/Wealth	Rex Clinton Whiteside President	17.00% $48.9M	1.1M shares	Q1 2024 Held for 1y 8m	$287.6M
GUARDIAN WEALTH ADVISORS, LLC / NC RIA/Wealth	Thibault Basquin Member	12.66% $189.7M	4.4M shares	Q4 2021 Held for 3y 11m	$1.5B
S Second Line Capital, LLC RIA/Wealth	John Bordelon CEO	11.06% $53.1M	1.2M shares	Q4 2023 Held for 1y 11m	$480.4M
KFG WEALTH MANAGEMENT, LLC RIA/Wealth	Kevin Sidney Korhorn President	10.44% $71.1M	1.6M shares	Q3 2024 Held for 1y 2m	$681.3M
L Lord & Richards Wealth Management, LLC Institution	-	10.25% $10.8M	248.2K shares	Q4 2024 Held for 11 months	$105.2M
Cushing Capital Partners, LLC RIA/Wealth	Jacob Steven Mayer Managing Partner	10.13% $12.7M	292.2K shares	Q4 2024 Held for 11 months	$125.3M
Park Place Capital Corp RIA/Wealth	William Hall Miskelly Chairman	9.74% $44.2M	1.0M shares	Q1 2024 Held for 1y 8m	$454.2M
Sunburst Financial Group, LLC RIA/Wealth	Jonathan Michael Winzeler CIO	9.11% $43.2M	995.8K shares	Q1 2024 Held for 1y 8m	$474.9M
Pandora Wealth, Inc. RIA/Wealth	Stephen Albert Greco CEO	8.58% $14.2M	326.5K shares	Q1 2025 Held for 8 months	$165.2M

Hedge Fund Spotlight

Discover hedge funds investing in ACIO

Bienville Capital Management, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerWilliam Herbert Stimpson

Portfolio Value: $524.8M
Positions: 74
Last Reported: Q3 2025

Sector Allocation

Position in Aptus Collared Investment Opportunity

Market Value: $41.4M
Shares Held: 953.7K
Portfolio Weight: 7.89%
Owned Since: 2021-Q4

Top Holding	Sector	Market Value	Weight
1 Aptus Collared Investment Opportunity ACIO	ETF ETF	$41.4M	7.89%
2 monday.com MNDY	Software - Application Technology	$39.5M	7.53%
3 GitLab GTLB	Software - Application Technology	$37.5M	7.15%