Investment Managers Series Trust II Tradr 2X Long Innovation ETF

TARK • NASDAQ

Investment Managers Series Trust II Tradr 2X Long Innovation ETF is an exchange-traded fund on NASDAQ. As of Q3 2025, 8 institutional investors hold shares in this ETF, with total holdings valued at $6.8M. Client First Investment Management LLC is the largest holder with a position valued at $4.3M.

Overview

Overview of institutional ownership in TARK as of Q3 2025

All Institutions

Institutions: 8
Value Held: $6.8M
Shares Held: 82.4K
Avg Position: $845.2K
Median Position: $482.5K

Hedge Funds

Hedge Funds: 0
Value Held: -
Shares Held: -
Avg Position: -
Median Position: -

Biggest Investors

Institutions with the largest positions in TARK as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Client First Investment Management LLC RIA/Wealth	Paul Zarling Managing Partner	$4.3M 2.20% of portfolio	51.9K shares	Q3 2025 Held for 2 months	$193.8M
O Optiver Holding B.V. Institution	-	$871.3K 0.01% of portfolio	10.6K shares	Q2 2025 Held for 5 months	$6.1B
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	-	$646.6K 0.00% of portfolio	7.9K shares	Q1 2025 Held for 8 months	$67.9B
S Sloy Dahl & Holst, LLC RIA/Wealth	Ronald Joseph Sloy President	$624.6K 0.07% of portfolio	7.6K shares	Q4 2024 Held for 11 months	$941.6M
G GTS SECURITIES LLC Institution	-	$340.5K 0.01% of portfolio	4.1K shares	Q3 2024 Held for 1y 2m	$2.5B
B Belvedere Trading LLC Institution	-	$10.7K 0.00% of portfolio	130.0 shares	Q1 2023 Held for 2y 8m	$1.2B
Newbridge Financial Services Group, Inc. RIA/Wealth	Robert Pendelton Spitler CEO	$3.3K 0.00% of portfolio	41.0 shares	Q3 2025 Held for 2 months	$667.8M
UBS Group AG Institution	Sergio P. Ermotti CEO	$2.5K 0.00% of portfolio	31.0 shares	Q3 2024 Held for 1y 2m	$511.54B
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	Patrick James Haynes Iii Founder	- 0.00% of portfolio	- shares	Q1 2025 Held for 8 months	$49.6M
H HRT FINANCIAL LLC Institution	-	- 0.00% of portfolio	- shares	Q2 2025 Held for 5 months	$21.1B

Net Capital Flow

Institutional buying and selling activity for TARK in Q3 2025

Traded: +$2.1M
Buyers: 6
Sellers: 5
Total Bought: +$4.6M
Total Sold: −$2.5M
Avg Position: $563.5K

Biggest Buyers

Institution	Net Bought	Current Position
Client First Investment Management LLC RIA/Wealth	+$4.3M +51.9K shares	$4.3M 51.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$285.5K +3.5K shares	$646.6K 7.9K shares
G GTS SECURITIES LLC Institution	+$16.8K +205.0 shares	$340.5K 4.1K shares
B Belvedere Trading LLC Institution	+$10.7K +-2.2K shares	$10.7K 130.0 shares
Newbridge Financial Services Group, Inc. RIA/Wealth	+$3.3K +41.0 shares	$3.3K 41.0 shares
UBS Group AG Institution	+$2.5K +-2.4K shares	$2.5K 31.0 shares

Biggest Sellers

Institution	Net Sold	Current Position
O Optiver Holding B.V. Institution	−$1.5M −18.8K shares	$871.3K 10.6K shares
J JANE STREET GROUP, LLC Institution	−$522.5K −9.3K shares	Sold Off 0 shares
H HRT FINANCIAL LLC Institution	−$211.1K −3.7K shares	Sold Off 0 shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	−$204.2K −3.6K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$59.0 −1.0 shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 2
New Value: $4.3M
Exited Positions: 4
Exited Value: $937.9K

New Positions

Institution	Position Value
Client First Investment Management LLC RIA/Wealth	$4.3M 51.9K shares
Newbridge Financial Services Group, Inc. RIA/Wealth	$3.3K 41.0 shares

Exited Positions

Institution	Previous Position
J JANE STREET GROUP, LLC Institution	$522.5K 9.3K shares
H HRT FINANCIAL LLC Institution	$211.1K 3.7K shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	$204.2K 3.6K shares
MORGAN STANLEY RIA/Wealth	$59.0 1.0 shares

Options Activity

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

Call Positions: 4
Call Value: $9.0M
Put Positions: 3
Put Value: $476.2K

Call Positions

Institution	Position Value
B Belvedere Trading LLC Institution	$5.1M 617.0 contracts
J JANE STREET GROUP, LLC Institution	$3.5M 423.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$484.4K 59.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$262.7K 32.0 contracts
J JANE STREET GROUP, LLC Institution	$205.3K 25.0 contracts
B Belvedere Trading LLC Institution	$8.2K 1.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Client First Investment Management LLC RIA/Wealth	Paul Zarling Managing Partner	2.20% $4.3M	51.9K shares	Q3 2025 Held for 2 months	$193.8M
S Sloy Dahl & Holst, LLC RIA/Wealth	Ronald Joseph Sloy President	0.07% $624.6K	7.6K shares	Q4 2024 Held for 11 months	$941.6M
O Optiver Holding B.V. Institution	-	0.01% $871.3K	10.6K shares	Q2 2025 Held for 5 months	$6.1B
G GTS SECURITIES LLC Institution	-	0.01% $340.5K	4.1K shares	Q3 2024 Held for 1y 2m	$2.5B
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	-	0.00% $646.6K	7.9K shares	Q1 2025 Held for 8 months	$67.9B
B Belvedere Trading LLC Institution	-	0.00% $10.7K	130.0 shares	Q1 2023 Held for 2y 8m	$1.2B
Newbridge Financial Services Group, Inc. RIA/Wealth	Robert Pendelton Spitler CEO	0.00% $3.3K	41.0 shares	Q3 2025 Held for 2 months	$667.8M
UBS Group AG Institution	Sergio P. Ermotti CEO	0.00% $2.5K	31.0 shares	Q3 2024 Held for 1y 2m	$511.54B
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	Patrick James Haynes Iii Founder	0.00% -	- shares	Q1 2025 Held for 8 months	$49.6M
H HRT FINANCIAL LLC Institution	-	0.00% -	- shares	Q2 2025 Held for 5 months	$21.1B