First Trust Active Factor Large Cap ETF
AFLG
108 hedge funds and large institutions have $367M invested in First Trust Active Factor Large Cap ETF in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 46 increasing their positions, 38 reducing their positions, and 3 closing their positions.
500% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 3
21% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 38
20% more capital invested
Capital invested by funds: $306M → $367M (+$61.6M)
15% more funds holding
Funds holding: 94 → 108 (+14)
6.31% more ownership
Funds ownership: 72.93% → 79.24% (+6.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
+$20.4M |
| 2 |
LPL Financial
San Diego,
California
|
+$11.8M |
| 3 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
+$7.14M |
| 4 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$5.55M |
| 5 |
MOS
MGO One Seven
Beachwood,
Ohio
|
+$3.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Manchester Financial
Westlake Village,
California
|
-$9.81M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$832K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$735K |
| 4 |
IFG
Independent Financial Group
San Diego,
California
|
-$702K |
| 5 |
GPW
Gentry Private Wealth
Wichita,
Kansas
|
-$621K |
AFLG Hedge Fund Activity: Q4 2025 in Review
108 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in First Trust Active Factor Large Cap ETF (AFLG) for Q4 2025, worth a combined $367M — up 20% from $306M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new AFLG positions and 3 closed out — a net gain of 15 holders — while 46 added to existing stakes and 38 trimmed.
The largest buyer was Arax Advisory Partners, opening a new position worth an estimated $20.4M. The largest seller was Manchester Financial, cutting an estimated $9.81M.
- 108 institutional investors held First Trust Active Factor Large Cap ETF (AFLG) as of Q4 2025, up from 94 in Q3 2025.
- Funds reported $367M of First Trust Active Factor Large Cap ETF stock for Q4 2025, up 20% quarter-over-quarter.
- 18 funds opened new First Trust Active Factor Large Cap ETF positions in Q4 2025 and 3 closed out, a net change of +15 holders.
- The largest First Trust Active Factor Large Cap ETF buyer in Q4 2025 was Arax Advisory Partners, an estimated $20.4M added.
- The largest First Trust Active Factor Large Cap ETF seller in Q4 2025 was Manchester Financial, an estimated $9.81M sold.
Based on aggregated 13F filings for Q4 2025.