AGF US Market Neutral Anti-Beta Fund
BTAL
81 hedge funds and large institutions have $175M invested in AGF US Market Neutral Anti-Beta Fund in 2025 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 22 increasing their positions, 25 reducing their positions, and 17 closing their positions.
59% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 17
14% more funds holding
Funds holding: 71 → 81 (+10)
4.3% less ownership
Funds ownership: 61.89% → 57.59% (-4.3%)
12% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 25
27% less capital invested
Capital invested by funds: $240M → $175M (-$65.7M)
29% less call options, than puts
Call options by funds: $12K | Put options by funds: $17K
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$19.1M |
| 2 |
CCA
Carrera Capital Advisors
Troy,
Michigan
|
+$7.44M |
| 3 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$4.73M |
| 4 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$4.25M |
| 5 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
+$3.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$35.4M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$23.8M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$12.2M |
| 4 |
WIA
Wealthedge Investment Advisors
New York
|
-$6.63M |
| 5 |
LPL Financial
San Diego,
California
|
-$6.62M |
BTAL Hedge Fund Activity: Q4 2025 in Review
81 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in AGF US Market Neutral Anti-Beta Fund (BTAL) for Q4 2025, worth a combined $175M — down 27% from $240M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new BTAL positions and 17 closed out — a net gain of 10 holders — while 22 added to existing stakes and 25 trimmed.
The largest buyer was Focus Partners Wealth, opening a new position worth an estimated $19.1M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $35.4M sold.
- 81 institutional investors held AGF US Market Neutral Anti-Beta Fund (BTAL) as of Q4 2025, up from 71 in Q3 2025.
- Funds reported $175M of AGF US Market Neutral Anti-Beta Fund stock for Q4 2025, down 27% quarter-over-quarter.
- 27 funds opened new AGF US Market Neutral Anti-Beta Fund positions in Q4 2025 and 17 closed out, a net change of +10 holders.
- The largest AGF US Market Neutral Anti-Beta Fund buyer in Q4 2025 was Focus Partners Wealth, an estimated $19.1M added.
- The largest AGF US Market Neutral Anti-Beta Fund seller in Q4 2025 was Kovitz Investment Group Partners, an estimated $35.4M sold.
Based on aggregated 13F filings for Q4 2025.