RATIONAL ADVISORS, INC.

Filed: 11/12/2025ACC: 0001580642-25-007222

📋 What this filing means

RATIONAL ADVISORS, INC. filed this quarterly 13F‑HR report disclosing 193 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.

193

Positions

$1.01B

Total AUM (reported)

107.48M

Total Shares

Allocation by class

COM$105.13M10.5%

PORTFOLIO AGRGTE$75.93M7.6%

TOTAL BND MRKT$75.90M7.6%

CORE US AGGBD ET$75.82M7.5%

NASDAQ 100 ETF$51.04M5.1%

GLB X MLP ENRG I$50.67M5.0%

SBI INT-UTILS$47.17M4.7%

Portfolio Concentration

Top 3$227.66M22.6%

4–10$308.87M30.7%

11–25$219.04M21.8%

Rest$249.67M24.8%

Top 3 weight

22.6%

Top 10 weight

53.4%

Voting Authority Distribution

Total shares with voting rights: 107.48M

Sole

Full voting authority

13.02M

% of voting shares12.1%

Shared

Joint voting authority

94.46M

% of voting shares87.9%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole21

Shared0

Other172

Dominant voting typeShared · 87.9% of voting shares

Institutional Holdings193

Rows:

SPDR SERIES TRUST

SOLE

PORTFOLIO AGRGTE

Shares2.94M

TypeSH

Market value$75.93M

7.55%

Sole

2.94M

Shared

0.00

None

0.00

VANGUARD BD INDEX FDS

SOLE

TOTAL BND MRKT

Shares1.02M

TypeSH

Market value$75.90M

7.55%

Sole

1.02M

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE US AGGBD ET

Shares756.35K

TypeSH

Market value$75.82M

7.54%

Sole

756.35K

Shared

0.00

None

0.00

INVESCO EXCH TRADED FD TR II

SOLE

NASDAQ 100 ETF

Shares206.56K

TypeSH

Market value$51.04M

5.08%

Sole

206.56K

Shared

0.00

None

0.00

GLOBAL X FDS

SOLE

GLB X MLP ENRG I

Shares808.01K

TypeSH

Market value$50.67M

5.04%

Sole

808.01K

Shared

0.00

None

0.00

SELECT SECTOR SPDR TR

SOLE

SBI INT-UTILS

Shares540.87K

TypeSH

Market value$47.17M

4.69%

Sole

540.87K

Shared

0.00

None

0.00

ISHARES TR

OTR

CORE S&P500 ETF

Shares69.43K

TypeSH

Market value$46.47M

4.62%

Sole

38.23K

Shared

31.20K

None

0.00

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares194.39K

TypeSH

Market value$41.95M

4.17%

Sole

194.39K

Shared

0.00

None

0.00

WISDOMTREE TR

SOLE

US EFFICIENT COR

Shares713.69K

TypeSH

Market value$38.48M

3.83%

Sole

713.69K

Shared

0.00

None

0.00

SCHWAB STRATEGIC TR

SOLE

US REIT ETF

Shares1.53M

TypeSH

Market value$33.09M

3.29%

Sole

1.53M

Shared

0.00

None

0.00

J P MORGAN EXCHANGE TRADED F

SOLE

EQUITY PREMIUM

Shares507.27K

TypeSH

Market value$28.97M

2.88%

Sole

507.27K

Shared

0.00

None

0.00

SPDR SERIES TRUST

SOLE

PORTFLI HIGH YLD

Shares1.04M

TypeSH

Market value$24.94M

2.48%

Sole

1.04M

Shared

0.00

None

0.00

GLOBAL X FDS

SOLE

US PFD ETF

Shares1.07M

TypeSH

Market value$20.77M

2.07%

Sole

1.07M

Shared

0.00

None

0.00

VANGUARD INDEX FDS

OTR

S&P 500 ETF SHS

Shares33.10K

TypeSH

Market value$20.27M

2.02%

Sole

24.30K

Shared

8.80K

None

0.00

SPDR SERIES TRUST

SOLE

PORTFOLIO S&P500

Shares212.63K

TypeSH

Market value$16.66M

1.66%

Sole

212.63K

Shared

0.00

None

0.00

DIMENSIONAL ETF TRUST

SOLE

CORE FIXED INCOM

Shares388.81K

TypeSH

Market value$16.63M

1.65%

Sole

388.81K

Shared

0.00

None

0.00

SCHWAB STRATEGIC TR

SOLE

5 10YR CORP BD

Shares540.68K

TypeSH

Market value$12.48M

1.24%

Sole

540.68K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE MSCI EAFE

Shares140.18K

TypeSH

Market value$12.24M

1.22%

Sole

140.18K

Shared

0.00

None

0.00

UBER TECHNOLOGIES INC

OTR

NOTE 0.875%12/0

Shares7.34M

TypeSH

Market value$10.79M

1.07%

Sole

0.00

Shared

7.34M

None

0.00

BANK AMERICA CORP

OTR

7.25%CNV PFD L

Shares8.05K

TypeSH

Market value$10.30M

1.02%

Sole

0.00

Shared

8.05K

None

0.00

WELLS FARGO CO NEW

OTR

PERP PFD CNV A

Shares8.20K

TypeSH

Market value$10.12M

1.01%

Sole

0.00

Shared

8.20K

None

0.00

ON SEMICONDUCTOR CORP

OTR

NOTE 0.500% 3/0

Shares9.95M

TypeSH

Market value$9.18M

0.91%

Sole

0.00

Shared

9.95M

None

0.00

GLOBAL PMTS INC

OTR

NOTE 1.500% 3/0

Shares9.46M

TypeSH

Market value$8.66M

0.86%

Sole

0.00

Shared

9.46M

None

0.00

ALPHABET INC

OTR

CAP STK CL A

Shares35.30K

TypeSH

Market value$8.58M

0.85%

Sole

0.00

Shared

35.30K

None

0.00

KKR & CO INC

OTR

6.25 CON SER D

Shares161.60K

TypeSH

Market value$8.46M

0.84%

Sole

0.00

Shared

161.60K

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared
SPDR SERIES TRUSTSOLE	PORTFOLIO AGRGTE	2.94M	SH	$75.93M 7.55%	2.94M	0.00
VANGUARD BD INDEX FDSSOLE	TOTAL BND MRKT	1.02M	SH	$75.90M 7.55%	1.02M	0.00
ISHARES TRSOLE	CORE US AGGBD ET	756.35K	SH	$75.82M 7.54%	756.35K	0.00
INVESCO EXCH TRADED FD TR IISOLE	NASDAQ 100 ETF	206.56K	SH	$51.04M 5.08%	206.56K	0.00
GLOBAL X FDSSOLE	GLB X MLP ENRG I	808.01K	SH	$50.67M 5.04%	808.01K	0.00
SELECT SECTOR SPDR TRSOLE	SBI INT-UTILS	540.87K	SH	$47.17M 4.69%	540.87K	0.00
ISHARES TROTR	CORE S&P500 ETF	69.43K	SH	$46.47M 4.62%	38.23K	31.20K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	194.39K	SH	$41.95M 4.17%	194.39K	0.00
WISDOMTREE TRSOLE	US EFFICIENT COR	713.69K	SH	$38.48M 3.83%	713.69K	0.00
SCHWAB STRATEGIC TRSOLE	US REIT ETF	1.53M	SH	$33.09M 3.29%	1.53M	0.00
J P MORGAN EXCHANGE TRADED FSOLE	EQUITY PREMIUM	507.27K	SH	$28.97M 2.88%	507.27K	0.00
SPDR SERIES TRUSTSOLE	PORTFLI HIGH YLD	1.04M	SH	$24.94M 2.48%	1.04M	0.00
GLOBAL X FDSSOLE	US PFD ETF	1.07M	SH	$20.77M 2.07%	1.07M	0.00
VANGUARD INDEX FDSOTR	S&P 500 ETF SHS	33.10K	SH	$20.27M 2.02%	24.30K	8.80K
SPDR SERIES TRUSTSOLE	PORTFOLIO S&P500	212.63K	SH	$16.66M 1.66%	212.63K	0.00
DIMENSIONAL ETF TRUSTSOLE	CORE FIXED INCOM	388.81K	SH	$16.63M 1.65%	388.81K	0.00
SCHWAB STRATEGIC TRSOLE	5 10YR CORP BD	540.68K	SH	$12.48M 1.24%	540.68K	0.00
ISHARES TRSOLE	CORE MSCI EAFE	140.18K	SH	$12.24M 1.22%	140.18K	0.00
UBER TECHNOLOGIES INCOTR	NOTE 0.875%12/0	7.34M	SH	$10.79M 1.07%	0.00	7.34M
BANK AMERICA CORPOTR	7.25%CNV PFD L	8.05K	SH	$10.30M 1.02%	0.00	8.05K
WELLS FARGO CO NEWOTR	PERP PFD CNV A	8.20K	SH	$10.12M 1.01%	0.00	8.20K
ON SEMICONDUCTOR CORPOTR	NOTE 0.500% 3/0	9.95M	SH	$9.18M 0.91%	0.00	9.95M
GLOBAL PMTS INCOTR	NOTE 1.500% 3/0	9.46M	SH	$8.66M 0.86%	0.00	9.46M
ALPHABET INCOTR	CAP STK CL A	35.30K	SH	$8.58M 0.85%	0.00	35.30K
KKR & CO INCOTR	6.25 CON SER D	161.60K	SH	$8.46M 0.84%	0.00	161.60K

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