Alpha Architect Tail Risk ETF
CAOS
32 hedge funds and large institutions have $301M invested in Alpha Architect Tail Risk ETF in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 6 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
19% more capital invested
Capital invested by funds: $253M → $301M (+$47.9M)
10% more funds holding
Funds holding: 29 → 32 (+3)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
2.53% less ownership
Funds ownership: 75.28% → 72.75% (-2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$16.8M |
| 2 |
EF
Empirical Finance
Havertown,
Pennsylvania
|
+$14.2M |
| 3 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
+$10M |
| 4 |
EFG
Ethos Financial Group
King Of Prussia,
Pennsylvania
|
+$2.63M |
| 5 |
LKBC
L.K. Benson & Company
Baltimore,
Maryland
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MG
Marex Group
London,
|
-$2.44M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$2.07M |
| 3 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
-$1.24M |
| 4 |
Jane Street
New York
|
-$356K |
| 5 |
BWM
BlackDiamond Wealth Management
New York
|
-$297K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $242K | – | – | – |
|
|
JWM
27
Jessup Wealth Management
Dayton,
Ohio
| $236K | – | – | – |
|
|
SC
28
Stephens Consulting
Flint,
Michigan
| $86.7K | +$86.7K | +976 | New |
|
|
PS
29
Principal Securities
Des Moines,
Iowa
| $20.5K | +$20.5K | +231 | New |
|
30
Royal Bank of Canada
Toronto,
Ontario, Canada
| $9K | +$8.71K | +98 | New |
|
|
LC
31
Luminist Capital
Grand Rapids,
Michigan
| $3.91K | – | – | – |
|
32
UBS Group
Zurich,
Switzerland
| $2.75K | -$122K | -1,373 | -98% |
|
|
MG
33
Marex Group
London,
| – | -$2.44M | -27,799 | Closed |
|
|
OMC
34
Old Mission Capital
Chicago,
Illinois
| – | -$2.07M | -23,524 | Closed |
|
|
EF
35
Empowered Funds
Havertown,
Pennsylvania
| – | -$1.24M | -14,102 | Closed |
|
|
36
Jane Street
New York
| – | -$356K | -4,046 | Closed |
|
|
BWM
37
BlackDiamond Wealth Management
New York
| – | -$297K | -3,371 | Closed |
|
|
IA
38
IFP Advisors
Tampa,
Florida
| – | -$23.5K | -267 | Closed |
|
CAOS Hedge Fund Activity: Q2 2025 in Review
32 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Alpha Architect Tail Risk ETF (CAOS) for Q2 2025, worth a combined $301M — up 19% from $253M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new CAOS positions and 6 closed out — a net gain of 3 holders — while 13 added to existing stakes and 6 trimmed.
The largest buyer was HighTower Advisors, adding an estimated $16.8M. The largest seller was Marex Group, exiting entirely with an estimated $2.44M sold.
- 32 institutional investors held Alpha Architect Tail Risk ETF (CAOS) as of Q2 2025, up from 29 in Q1 2025.
- Funds reported $301M of Alpha Architect Tail Risk ETF stock for Q2 2025, up 19% quarter-over-quarter.
- 9 funds opened new Alpha Architect Tail Risk ETF positions in Q2 2025 and 6 closed out, a net change of +3 holders.
- The largest Alpha Architect Tail Risk ETF buyer in Q2 2025 was HighTower Advisors, an estimated $16.8M added.
- The largest Alpha Architect Tail Risk ETF seller in Q2 2025 was Marex Group, an estimated $2.44M sold.
Based on aggregated 13F filings for Q2 2025.