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Alpha Architect Tail Risk ETF
CAOS

36 hedge funds and large institutions have $396M invested in Alpha Architect Tail Risk ETF in 2025 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 7

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

75% more funds holding in top 10

Funds holding in top 10: 4 → 7 (+3)

32% more capital invested

Capital invested by funds: $301M → $396M (+$95.6M)

13% more funds holding

Funds holding: 32 → 36 (+4)

4.6% more ownership

Funds ownership: 72.75% → 77.35% (+4.6%)

Holders
36
Holders Change
+4
Holders Change %
+12.5%
% of All Funds
0.47%
Holding in Top 10
7
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+75%
% of All Funds
0.09%
New
9
Increased
14
Reduced
7
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WCM
Wealthcare Capital Management
Virginia
+$83.6M
2
HIF
Hill Island Financial
Michigan
+$10.4M
3
WAP
Wealthcare Advisory Partners
Pennsylvania
+$1.74M
4
LKBC
L.K. Benson & Company
Maryland
+$928K
5
DAS
Dynamic Advisor Solutions
Arizona
+$914K

Top Sellers

Rank Fund Capital Flow
1
IA
Insight Advisors
Pennsylvania
-$3.43M
2
HighTower Advisors
HighTower Advisors
Illinois
-$2.73M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$1.91M
4
EF
Empirical Finance
Pennsylvania
-$1.51M
5
CL
CLG LLC
California
-$1M
Name Holding Trade Value Shares
Change 		Change in
Stake
W
26
WealthCollab
Washington
$374K – – –
QCM
27
Quantinno Capital Management
New York
$374K +$372K +4,174 New
NBWM
28
North Berkeley Wealth Management
California
$306K – – –
BEI
29
Benjamin Edwards Inc
Missouri
$283K +$282K +3,157 New
OFG
30
Orcam Financial Group
California
$279K – – –
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$249K +$248K +2,777 New
JWM
32
Jessup Wealth Management
Ohio
$238K – – –
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$119K -$124K -1,396 -51%
FDCDDQ
34
Federation des caisses Desjardins du Quebec
Quebec, Canada
$42.5K +$42.4K +475 New
AA
35
Ancora Advisors
Ohio
$5.19K -$367K -4,112 -99%
LC
36
Luminist Capital
Michigan
$3.94K – – –
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
– -$1.91M -21,534 Closed
SC
38
Stephens Consulting
Michigan
– -$86.7K -976 Closed
PS
39
Principal Securities
Iowa
– -$20.5K -231 Closed
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
– -$9K -98 Closed
UBS Group
41
UBS Group
Switzerland
– -$2.75K -31 Closed
1
2

CAOS Hedge Fund Activity: Q3 2025 in Review

36 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Alpha Architect Tail Risk ETF (CAOS) for Q3 2025, worth a combined $396M — up 32% from $301M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new CAOS positions and 5 closed out — a net gain of 4 holders — while 14 added to existing stakes and 7 trimmed.

The largest buyer was Wealthcare Capital Management, adding an estimated $83.6M. The largest seller was Insight Advisors, cutting an estimated $3.43M.

  • 36 institutional investors held Alpha Architect Tail Risk ETF (CAOS) as of Q3 2025, up from 32 in Q2 2025.
  • Funds reported $396M of Alpha Architect Tail Risk ETF stock for Q3 2025, up 32% quarter-over-quarter.
  • 9 funds opened new Alpha Architect Tail Risk ETF positions in Q3 2025 and 5 closed out, a net change of +4 holders.
  • The largest Alpha Architect Tail Risk ETF buyer in Q3 2025 was Wealthcare Capital Management, an estimated $83.6M added.
  • The largest Alpha Architect Tail Risk ETF seller in Q3 2025 was Insight Advisors, an estimated $3.43M sold.

Based on aggregated 13F filings for Q3 2025.