FT Vest Laddered Moderate Buffer

BUFZ • BATS

FT Vest Laddered Moderate Buffer is an exchange-traded fund on BATS. As of Q3 2025, 97 institutional investors hold shares in this ETF, with total holdings valued at $557.2M. LPL Financial LLC is the largest holder with a position valued at $81.7M.

Overview

Overview of institutional ownership in BUFZ as of Q3 2025

All Institutions

Institutions: 97
Value Held: $557.2M
Shares Held: 21.5M
Avg Position: $5.7M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 2
Value Held: $2.3M
Shares Held: 87.6K
Avg Position: $1.1M
Median Position: $1.1M

Biggest Investors

Institutions with the largest positions in BUFZ as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
L LPL Financial LLC Institution	-	$81.7M 0.02% of portfolio	3.2M shares	Q2 2024 Held for 1y 5m	$340.07B
Forge Financial Services LLC RIA/Wealth	Charlotte Nanette Shaw CEO	$66.4M 31.10% of portfolio	2.6M shares	Q2 2025 Held for 5 months	$213.4M
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$59.3M 0.02% of portfolio	2.3M shares	Q4 2024 Held for 11 months	$310.43B
A Advisor Group Holdings, Inc. Institution	-	$41.2M 0.06% of portfolio	1.6M shares	Q4 2023 Held for 1y 11m	$71.0B
C Coppell Advisory Solutions LLC RIA/Wealth	Bryce Bradley Engel CEO	$33.7M 3.90% of portfolio	1.3M shares	Q1 2025 Held for 8 months	$863.8M
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$31.9M 0.01% of portfolio	1.2M shares	Q2 2024 Held for 1y 5m	$341.99B
Kestra Advisory Services, LLC RIA/Wealth	John Vincent Amore President	$25.6M 0.12% of portfolio	986.9K shares	Q4 2023 Held for 1y 11m	$21.7B
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	Wayne Michael Bloom CEO	$22.3M 0.03% of portfolio	859.9K shares	Q4 2023 Held for 1y 11m	$71.1B
CWM, LLC RIA/Wealth	George Burton White CEO	$20.6M 0.07% of portfolio	794.7K shares	Q2 2024 Held for 1y 5m	$31.5B
BB&T CORP Institution	William H. Rogers, Jr. CEO	$14.1M 0.02% of portfolio	545.7K shares	Q4 2024 Held for 11 months	$73.6B

Net Capital Flow

Institutional buying and selling activity for BUFZ in Q3 2025

Net Flow: +$80.3M
Buyers: 51
Sellers: 30
Total Bought: +$98.3M
Total Sold: −$18.0M
Avg Position: $5.6M

Biggest Buyers

Institution	Net Bought	Current Position
Forge Financial Services LLC RIA/Wealth	+$64.7M +2.5M shares	$66.4M 2.6M shares
Change Path, LLC RIA/Wealth	+$6.5M +250.7K shares	$7.4M 285.3K shares
A Advisor Group Holdings, Inc. Institution	+$4.2M +164.2K shares	$41.2M 1.6M shares
JPMORGAN CHASE & CO Institution	+$2.9M +111.8K shares	$3.0M 116.5K shares
CWM, LLC RIA/Wealth	+$2.8M +107.7K shares	$20.6M 794.7K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$1.8M +69.6K shares	$59.3M 2.3M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.5M +59.5K shares	$1.9M 74.9K shares
BB&T CORP Institution	+$1.4M +52.8K shares	$14.1M 545.7K shares
Rise Advisors, LLC RIA/Wealth	+$1.4M +52.3K shares	$9.1M 349.8K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	+$1.3M +50.9K shares	$4.7M 181.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
L LPL Financial LLC Institution	−$5.2M −199.5K shares	$81.7M 3.2M shares
A Atlas Private Wealth Advisors RIA/Wealth	−$2.4M −92.9K shares	$2.3M 86.9K shares
IHT Wealth Management, LLC RIA/Wealth	−$2.2M −88.3K shares	Sold Off 0 shares
ZEGA Investments, LLC RIA/Wealth	−$1.6M −64.5K shares	Sold Off 0 shares
O OLD MISSION CAPITAL LLC Institution	−$1.1M −44.9K shares	Sold Off 0 shares
Ameritas Advisory Services, LLC RIA/Wealth	−$932.5K −37.4K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$924.3K −37.1K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$441.8K −17.1K shares	$1.2M 44.5K shares
C Coppell Advisory Solutions LLC RIA/Wealth	−$418.6K −16.2K shares	$33.7M 1.3M shares
TOUNJIAN ADVISORY PARTNERS, LLC Family Office	−$381.4K −16.2K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 10
New Value: $16.0M
Exited Positions: 10
Exited Value: $7.8M

New Positions

Institution	Position Value
KESTRA PRIVATE WEALTH SERVICES, LLC RIA/Wealth	$11.1M 430.0K shares
W WOLFF WIESE MAGANA LLC Institution	$1.1M 43.3K shares
Diversify Advisory Services, LLC RIA/Wealth	$1.1M 41.2K shares
B B.O.S.S. Retirement Advisors, LLC RIA/Wealth	$1.1M 41.4K shares
Simplicity Wealth,LLC RIA/Wealth	$500.4K 19.3K shares
A AdvisorNet Financial, Inc Institution	$491.1K 19.0K shares
MCDONALD PARTNERS LLC RIA/Wealth	$297.9K 11.5K shares
GOLDMAN SACHS GROUP INC Institution	$249.6K 9.6K shares
Game Plan Financial Advisors, LLC RIA/Wealth	$5.5K 213.0 shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager	$2.5K 96.0 shares

Exited Positions

Institution	Previous Position
IHT Wealth Management, LLC RIA/Wealth	$2.2M 88.3K shares
ZEGA Investments, LLC RIA/Wealth	$1.6M 64.5K shares
O OLD MISSION CAPITAL LLC Institution	$1.1M 44.9K shares
Ameritas Advisory Services, LLC RIA/Wealth	$932.5K 37.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$924.3K 37.1K shares
TOUNJIAN ADVISORY PARTNERS, LLC Family Office	$381.4K 16.2K shares
Armis Advisers, LLC RIA/Wealth	$262.6K 10.5K shares
W WCG Wealth Advisors LLC Institution	$254.3K 10.2K shares
DAGCO, INC. RIA/Wealth	$100.5K 4.0K shares
SRS Capital Advisors, Inc. RIA/Wealth	$52.4K 2.1K shares

Options Activity

Institutions with the largest Call and Put options positions in BUFZ 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 BUFZ as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Forge Financial Services LLC RIA/Wealth	Charlotte Nanette Shaw CEO	31.10% $66.4M	2.6M shares	Q2 2025 Held for 5 months	$213.4M
C Coppell Advisory Solutions LLC RIA/Wealth	Bryce Bradley Engel CEO	3.90% $33.7M	1.3M shares	Q1 2025 Held for 8 months	$863.8M
Rise Advisors, LLC RIA/Wealth	Stephanie Michel Kelm Partner	3.25% $9.1M	349.8K shares	Q1 2025 Held for 8 months	$278.4M
Ergawealth Advisors, Inc. RIA/Wealth	Ian Leo Laterreur President	1.63% $3.4M	129.4K shares	Q1 2024 Held for 1y 8m	$205.2M
Richmond Investment Services, LLC RIA/Wealth	Matthew Riley Richmond CEO	1.21% $6.5M	249.9K shares	Q1 2025 Held for 8 months	$535.8M
Mayfair Advisory Group, LLC RIA/Wealth	Patrick Joseph Marody President	0.98% $2.3M	87.8K shares	Q2 2024 Held for 1y 5m	$233.1M
Jacobi Capital Management LLC RIA/Wealth	Michael Joseph Hirthler Managing Partner	0.82% $13.4M	517.3K shares	Q4 2024 Held for 11 months	$1.6B
W WOLFF WIESE MAGANA LLC Institution	-	0.64% $1.1M	43.3K shares	Q3 2025 Held for 2 months	$175.5M
Prosperity Financial Group, Inc. RIA/Wealth	Elliot Herbert Kallen President	0.59% $1.5M	59.4K shares	Q2 2025 Held for 5 months	$262.6M
A Atlas Private Wealth Advisors RIA/Wealth	Juan Antonio Perez Mayo Managing Partner	0.55% $2.3M	86.9K shares	Q3 2024 Held for 1y 2m	$406.4M

Hedge Fund Spotlight

Discover hedge funds investing in BUFZ

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in FT Vest Laddered Moderate Buffer

Market Value: $1.9M
Shares Held: 74.9K
Portfolio Weight: 0.00%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%