AGF US Market Neutral Anti-Beta Fund
BTAL
71 hedge funds and large institutions have $240M invested in AGF US Market Neutral Anti-Beta Fund in 2025 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 24 reducing their positions, and 26 closing their positions.
11% more capital invested
Capital invested by funds: $217M → $240M (+$23.3M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 24
11% less funds holding
Funds holding: 80 → 71 (-9)
15.67% less ownership
Funds ownership: 77.56% → 61.89% (-16%)
31% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 26
89% less call options, than puts
Call options by funds: $13K | Put options by funds: $114K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$22.3M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$6.98M |
| 3 |
WIA
Wealthedge Investment Advisors
New York
|
+$6.49M |
| 4 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$5.97M |
| 5 |
KF
Krilogy Financial
St. Louis,
Missouri
|
+$5.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TA
Tactive Advisors
Jacksonville,
Florida
|
-$6.35M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.62M |
| 3 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
-$1.55M |
| 4 |
Renaissance Technologies
New York
|
-$1.52M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.46M |
BTAL Hedge Fund Activity: Q3 2025 in Review
71 of the 7,640 institutional investors tracked by Wall St. Rank reported a position in AGF US Market Neutral Anti-Beta Fund (BTAL) for Q3 2025, worth a combined $240M — up 11% from $217M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of BTAL and 18 opened new positions — a net loss of 8 holders — while 24 trimmed existing stakes and 24 added.
The largest buyer was Kovitz Investment Group Partners, adding an estimated $22.3M. The largest seller was Tactive Advisors, cutting an estimated $6.35M.
- 71 institutional investors held AGF US Market Neutral Anti-Beta Fund (BTAL) as of Q3 2025, down from 80 in Q2 2025.
- Funds reported $240M of AGF US Market Neutral Anti-Beta Fund stock for Q3 2025, up 11% quarter-over-quarter.
- 18 funds opened new AGF US Market Neutral Anti-Beta Fund positions in Q3 2025 and 26 closed out, a net change of -8 holders.
- The largest AGF US Market Neutral Anti-Beta Fund buyer in Q3 2025 was Kovitz Investment Group Partners, an estimated $22.3M added.
- The largest AGF US Market Neutral Anti-Beta Fund seller in Q3 2025 was Tactive Advisors, an estimated $6.35M sold.
Based on aggregated 13F filings for Q3 2025.