Simplify MBS

MTBA • ARCA

Simplify MBS is an exchange-traded fund on ARCA. As of Q3 2025, 137 institutional investors hold shares in this ETF, with total holdings valued at $966.8M. ENVESTNET ASSET MANAGEMENT INC is the largest holder with a position valued at $106.6M.

Overview

Overview of institutional ownership in MTBA as of Q3 2025

All Institutions

Institutions: 137
Value Held: $966.8M
Shares Held: 19.2M
Avg Position: $7.1M
Median Position: $993.8K

Hedge Funds

Hedge Funds: 3
Value Held: $14.4M
Shares Held: 285.5K
Avg Position: $4.8M
Median Position: $765.6K

Biggest Investors

Institutions with the largest positions in MTBA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$106.6M 0.03% of portfolio	2.1M shares	Q1 2024 Held for 1y 8m	$341.99B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$89.4M 0.02% of portfolio	1.8M shares	Q2 2024 Held for 1y 5m	$488.50B
MML INVESTORS SERVICES, LLC RIA/Wealth	Vaughn Charles Bowman CEO	$82.5M 0.22% of portfolio	1.6M shares	Q1 2024 Held for 1y 8m	$36.7B
E EVERGREEN CAPITAL MANAGEMENT LLC Institution	-	$53.7M 1.28% of portfolio	1.1M shares	Q1 2024 Held for 1y 8m	$4.2B
Hilton Capital Management, LLC Long Only Manager	Christopher Craig O'Neill CEO	$42.1M 3.42% of portfolio	836.5K shares	Q3 2024 Held for 1y 2m	$1.2B
W Watchman Group, Inc. Institution	-	$39.3M 9.51% of portfolio	780.5K shares	Q1 2024 Held for 1y 8m	$413.1M
Change Path, LLC RIA/Wealth	Martin Joseph Pfannenstiel President	$30.9M 0.79% of portfolio	613.3K shares	Q1 2024 Held for 1y 8m	$3.9B
K KNIGHTSBRIDGE ASSET MANAGEMENT, LLC Institution	-	$29.8M 5.04% of portfolio	592.0K shares	Q2 2024 Held for 1y 5m	$591.0M
L LPL Financial LLC Institution	-	$27.9M 0.01% of portfolio	554.5K shares	Q3 2024 Held for 1y 2m	$340.07B
C CI INVESTMENTS INC. Institution	-	$21.1M 0.08% of portfolio	419.9K shares	Q4 2023 Held for 1y 11m	$26.9B

Net Capital Flow

Institutional buying and selling activity for MTBA in Q3 2025

Traded: +$103.9M
Buyers: 91
Sellers: 48
Total Bought: +$126.8M
Total Sold: −$22.9M
Avg Position: $6.2M

Biggest Buyers

Institution	Net Bought	Current Position
Change Path, LLC RIA/Wealth	+$29.3M +581.7K shares	$30.9M 613.3K shares
L LPL Financial LLC Institution	+$13.2M +261.5K shares	$27.9M 554.5K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$7.1M +141.5K shares	$106.6M 2.1M shares
MML INVESTORS SERVICES, LLC RIA/Wealth	+$6.6M +130.6K shares	$82.5M 1.6M shares
C CI INVESTMENTS INC. Institution	+$4.5M +89.3K shares	$21.1M 419.9K shares
Continuum Advisory, LLC RIA/Wealth	+$4.1M +81.9K shares	$4.1M 81.9K shares
Calamos Advisors LLC Long Only Manager	+$3.8M +75.9K shares	$7.0M 140.0K shares
Janney Montgomery Scott LLC RIA/Wealth	+$3.8M +75.4K shares	$9.8M 193.7K shares
Tortoise Investment Management, LLC RIA/Wealth	+$3.8M +74.9K shares	$21.1M 418.3K shares
ABBINGTON INVESTMENT GROUP RIA/Wealth	+$3.6M +71.0K shares	$3.6M 71.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
LEUTHOLD WEEDEN CAPITAL MANAGEMENT Long Only Manager	−$5.0M −100.0K shares	Sold Off 0 shares
J JANE STREET GROUP, LLC Institution	−$4.0M −79.5K shares	Sold Off 0 shares
Hilton Capital Management, LLC Long Only Manager	−$3.0M −59.4K shares	$42.1M 836.5K shares
WELLS FARGO & COMPANY/MN Institution	−$1.7M −33.4K shares	$89.4M 1.8M shares
P Proficio Capital Partners LLC Family Office	−$1.3M −25.5K shares	$12.0M 239.0K shares
Longview Financial Advisors, Inc. RIA/Wealth	−$764.9K −15.2K shares	$1.2M 23.8K shares
N NWAM LLC Institution	−$618.3K −12.2K shares	$7.1M 139.8K shares
W WHITEBOX ADVISORS LLC Hedge Fund•Multi-Strategy	−$566.3K −11.3K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$548.1K −10.9K shares	Sold Off 0 shares
Ethos Financial Group, LLC RIA/Wealth	−$522.5K −10.4K shares	$7.1M 142.0K shares

Entry and Exit Activity

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

New Positions: 14
New Value: $7.4M
Exited Positions: 19
Exited Value: $11.7M

New Positions

Institution	Position Value
ABBINGTON INVESTMENT GROUP RIA/Wealth	$3.6M 71.0K shares
Northern Financial Advisors Inc RIA/Wealth	$2.1M 41.9K shares
S STEINBERGANNA WEALTH MANAGEMENT RIA/Wealth	$623.3K 12.4K shares
F FIRST CITIZENS BANK & TRUST CO Institution	$337.7K 6.7K shares
G Granite Springs Asset Management LLC Hedge Fund•Credit Arb	$246.1K 4.9K shares
Cetera Investment Advisers RIA/Wealth	$232.7K 4.6K shares
BAM Wealth Management, LLC RIA/Wealth	$218.2K 4.3K shares
Rockefeller Capital Management L.P. Long Only Manager	$50.4K 1.0K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	$19.0K 377.0 shares
A Atlantic Trust Group, LLC Institution	$9.7K 192.0 shares

Exited Positions

Institution	Previous Position
LEUTHOLD WEEDEN CAPITAL MANAGEMENT Long Only Manager	$5.0M 100.0K shares
J JANE STREET GROUP, LLC Institution	$4.0M 79.5K shares
W WHITEBOX ADVISORS LLC Hedge Fund•Multi-Strategy	$566.3K 11.3K shares
GOLDMAN SACHS GROUP INC Institution	$548.1K 10.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$464.5K 9.3K shares
ENDEAVOR PRIVATE WEALTH, INC. RIA/Wealth	$315.2K 6.3K shares
Magnus Financial Group LLC RIA/Wealth	$213.2K 4.3K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	$201.0K 4.0K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$111.3K 2.2K shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	$62.4K 1.2K shares

Options Activity

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
W Watchman Group, Inc. Institution	-	9.51% $39.3M	780.5K shares	Q1 2024 Held for 1y 8m	$413.1M
PEAK FINANCIAL ADVISORS LLC RIA/Wealth	Brian Timothy Sells CIO	7.20% $15.0M	298.6K shares	Q1 2024 Held for 1y 8m	$208.8M
Morling Financial Advisors, LLC RIA/Wealth	Matthew James Shibata Managing Partner	5.22% $15.7M	312.3K shares	Q4 2024 Held for 11 months	$301.3M
K KNIGHTSBRIDGE ASSET MANAGEMENT, LLC Institution	-	5.04% $29.8M	592.0K shares	Q2 2024 Held for 1y 5m	$591.0M
Hilton Capital Management, LLC Long Only Manager	Christopher Craig O'Neill CEO	3.42% $42.1M	836.5K shares	Q3 2024 Held for 1y 2m	$1.2B
True Wealth Design, LLC RIA/Wealth	Kevin Keith Kroskey Managing Partner	3.42% $10.9M	216.4K shares	Q2 2025 Held for 5 months	$318.9M
ABBINGTON INVESTMENT GROUP RIA/Wealth	Grace Yuan Mei Toh Founder	3.06% $3.6M	71.0K shares	Q3 2025 Held for 2 months	$116.8M
COMPASS CAPITAL CORP /MA/ /ADV RIA/Wealth	Timothy Francis Shanahan President	3.01% $6.6M	129.9K shares	Q4 2024 Held for 11 months	$218.2M
Edge Wealth Management LLC RIA/Wealth	Matthew Alan Weinberg Managing Partner	2.87% $16.2M	321.2K shares	Q3 2024 Held for 1y 2m	$563.7M
HUTCHINSON CAPITAL MANAGEMENT/CA RIA/Wealth	Steven Kelley Wilkes CEO	2.70% $15.6M	310.4K shares	Q4 2024 Held for 11 months	$577.9M

Hedge Fund Spotlight

Discover hedge funds investing in MTBA

Cove Street Capital, LLC

Hedge Fund • Value

Portfolio ManagerMatthew James Weber

Portfolio Value: $75.9M
Positions: 93
Last Reported: Q3 2025

Sector Allocation

Position in Simplify MBS

Market Value: $765.6K
Shares Held: 15.2K
Portfolio Weight: 1.01%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 American Vanguard AVD	Agricultural Inputs Basic Materials	$8.0M	10.58%
2 Research Solutions RSSS	Software - Application Technology	$5.0M	6.56%
3 Six Flags Entertainment FUN	Leisure Consumer Cyclical	$4.6M	6.12%