RATIONAL ADVISORS, INC.

Filed: 7/31/2025ACC: 0001162044-25-000770

📋 What this filing means

RATIONAL ADVISORS, INC. filed this quarterly 13F‑HR report disclosing 191 equity positions with a total reported market value of $1.01B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

191

Positions

$1.01B

Total AUM (reported)

107.67M

Total Shares

Allocation by class

COM$103.13M10.2%

TOTAL BND MRKT$76.02M7.5%

PORTFOLIO AGRGTE$76.00M7.5%

CORE US AGGBD ET$75.90M7.5%

GLB X MLP ENRG I$51.21M5.1%

NASDAQ 100 ETF$51.17M5.1%

DIV APP ETF$46.90M4.6%

Portfolio Concentration

Top 3$227.91M22.6%

4–10$305.38M30.3%

11–25$233.92M23.2%

Rest$241.95M24.0%

Top 3 weight

22.6%

Top 10 weight

52.8%

Voting Authority Distribution

Total shares with voting rights: 107.67M

Sole

Full voting authority

13.34M

% of voting shares12.4%

Shared

Joint voting authority

94.33M

% of voting shares87.6%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole19

Shared0

Other172

Dominant voting typeShared · 87.6% of voting shares

Institutional Holdings191

Rows:

VANGUARD BD INDEX FDS

SOLE

TOTAL BND MRKT

Shares1.03M

TypeSH

Market value$76.02M

7.53%

Sole

1.03M

Shared

0.00

None

0.00

SPDR SERIES TRUST

SOLE

PORTFOLIO AGRGTE

Shares2.97M

TypeSH

Market value$76.00M

7.53%

Sole

2.97M

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE US AGGBD ET

Shares765.07K

TypeSH

Market value$75.90M

7.52%

Sole

765.07K

Shared

0.00

None

0.00

GLOBAL X FDS

SOLE

GLB X MLP ENRG I

Shares817.27K

TypeSH

Market value$51.21M

5.07%

Sole

817.27K

Shared

0.00

None

0.00

INVESCO EXCH TRADED FD TR II

SOLE

NASDAQ 100 ETF

Shares225.32K

TypeSH

Market value$51.17M

5.07%

Sole

225.32K

Shared

0.00

None

0.00

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares229.14K

TypeSH

Market value$46.90M

4.65%

Sole

229.14K

Shared

0.00

None

0.00

ISHARES TR

OTR

CORE S&P500 ETF

Shares68.58K

TypeSH

Market value$42.58M

4.22%

Sole

31.48K

Shared

37.09K

None

0.00

SELECT SECTOR SPDR TR

OTR

SBI INT-UTILS

Shares510.80K

TypeSH

Market value$41.71M

4.13%

Sole

502.83K

Shared

7.97K

None

0.00

WISDOMTREE TR

SOLE

US EFFICIENT COR

Shares779.08K

TypeSH

Market value$39.00M

3.86%

Sole

779.08K

Shared

0.00

None

0.00

SCHWAB STRATEGIC TR

SOLE

US REIT ETF

Shares1.55M

TypeSH

Market value$32.81M

3.25%

Sole

1.55M

Shared

0.00

None

0.00

J P MORGAN EXCHANGE TRADED F

SOLE

EQUITY PREMIUM

Shares514.29K

TypeSH

Market value$29.24M

2.90%

Sole

514.29K

Shared

0.00

None

0.00

SPDR SERIES TRUST

SOLE

PORTFLI HIGH YLD

Shares1.05M

TypeSH

Market value$25.09M

2.49%

Sole

1.05M

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE MSCI EAFE

Shares281.23K

TypeSH

Market value$23.48M

2.33%

Sole

281.23K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

OTR

S&P 500 ETF SHS

Shares39.50K

TypeSH

Market value$22.44M

2.22%

Sole

29.28K

Shared

10.22K

None

0.00

GLOBAL X FDS

SOLE

US PFD ETF

Shares1.10M

TypeSH

Market value$20.76M

2.06%

Sole

1.10M

Shared

0.00

None

0.00

SPDR SERIES TRUST

SOLE

PORTFOLIO S&P500

Shares231.69K

TypeSH

Market value$16.84M

1.67%

Sole

231.69K

Shared

0.00

None

0.00

DIMENSIONAL ETF TRUST

SOLE

CORE FIXED INCOM

Shares395.90K

TypeSH

Market value$16.73M

1.66%

Sole

395.90K

Shared

0.00

None

0.00

SCHWAB STRATEGIC TR

SOLE

5 10YR CORP BD

Shares551.21K

TypeSH

Market value$12.55M

1.24%

Sole

551.21K

Shared

0.00

None

0.00

UBER TECHNOLOGIES INC

OTR

NOTE 0.875%12/0

Shares7.34M

TypeSH

Market value$10.47M

1.04%

Sole

0.00

Shared

7.34M

None

0.00

META PLATFORMS INC

OTR

CL A

Shares13.61K

TypeSH

Market value$10.04M

1.00%

Sole

0.00

Shared

13.61K

None

0.00

BANK AMERICA CORP

OTR

7.25%CNV PFD L

Shares8.05K

TypeSH

Market value$9.76M

0.97%

Sole

0.00

Shared

8.05K

None

0.00

WELLS FARGO CO NEW

OTR

PERP PFD CNV A

Shares8.20K

TypeSH

Market value$9.63M

0.95%

Sole

0.00

Shared

8.20K

None

0.00

BOOKING HOLDINGS INC

OTR

COM

Shares1.60K

TypeSH

Market value$9.26M

0.92%

Sole

0.00

Shared

1.60K

None

0.00

DEXCOM INC

OTR

NOTE 0.250%11/1

Shares9.15M

TypeSH

Market value$8.98M

0.89%

Sole

0.00

Shared

9.15M

None

0.00

APOLLO GLOBAL MGMT INC

OTR

SER A MAND CNV

Shares115.80K

TypeSH

Market value$8.67M

0.86%

Sole

0.00

Shared

115.80K

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared
VANGUARD BD INDEX FDSSOLE	TOTAL BND MRKT	1.03M	SH	$76.02M 7.53%	1.03M	0.00
SPDR SERIES TRUSTSOLE	PORTFOLIO AGRGTE	2.97M	SH	$76.00M 7.53%	2.97M	0.00
ISHARES TRSOLE	CORE US AGGBD ET	765.07K	SH	$75.90M 7.52%	765.07K	0.00
GLOBAL X FDSSOLE	GLB X MLP ENRG I	817.27K	SH	$51.21M 5.07%	817.27K	0.00
INVESCO EXCH TRADED FD TR IISOLE	NASDAQ 100 ETF	225.32K	SH	$51.17M 5.07%	225.32K	0.00
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	229.14K	SH	$46.90M 4.65%	229.14K	0.00
ISHARES TROTR	CORE S&P500 ETF	68.58K	SH	$42.58M 4.22%	31.48K	37.09K
SELECT SECTOR SPDR TROTR	SBI INT-UTILS	510.80K	SH	$41.71M 4.13%	502.83K	7.97K
WISDOMTREE TRSOLE	US EFFICIENT COR	779.08K	SH	$39.00M 3.86%	779.08K	0.00
SCHWAB STRATEGIC TRSOLE	US REIT ETF	1.55M	SH	$32.81M 3.25%	1.55M	0.00
J P MORGAN EXCHANGE TRADED FSOLE	EQUITY PREMIUM	514.29K	SH	$29.24M 2.90%	514.29K	0.00
SPDR SERIES TRUSTSOLE	PORTFLI HIGH YLD	1.05M	SH	$25.09M 2.49%	1.05M	0.00
ISHARES TRSOLE	CORE MSCI EAFE	281.23K	SH	$23.48M 2.33%	281.23K	0.00
VANGUARD INDEX FDSOTR	S&P 500 ETF SHS	39.50K	SH	$22.44M 2.22%	29.28K	10.22K
GLOBAL X FDSSOLE	US PFD ETF	1.10M	SH	$20.76M 2.06%	1.10M	0.00
SPDR SERIES TRUSTSOLE	PORTFOLIO S&P500	231.69K	SH	$16.84M 1.67%	231.69K	0.00
DIMENSIONAL ETF TRUSTSOLE	CORE FIXED INCOM	395.90K	SH	$16.73M 1.66%	395.90K	0.00
SCHWAB STRATEGIC TRSOLE	5 10YR CORP BD	551.21K	SH	$12.55M 1.24%	551.21K	0.00
UBER TECHNOLOGIES INCOTR	NOTE 0.875%12/0	7.34M	SH	$10.47M 1.04%	0.00	7.34M
META PLATFORMS INCOTR	CL A	13.61K	SH	$10.04M 1.00%	0.00	13.61K
BANK AMERICA CORPOTR	7.25%CNV PFD L	8.05K	SH	$9.76M 0.97%	0.00	8.05K
WELLS FARGO CO NEWOTR	PERP PFD CNV A	8.20K	SH	$9.63M 0.95%	0.00	8.20K
BOOKING HOLDINGS INCOTR	COM	1.60K	SH	$9.26M 0.92%	0.00	1.60K
DEXCOM INCOTR	NOTE 0.250%11/1	9.15M	SH	$8.98M 0.89%	0.00	9.15M
APOLLO GLOBAL MGMT INCOTR	SER A MAND CNV	115.80K	SH	$8.67M 0.86%	0.00	115.80K

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