First Trust Alternative Absolute Return Strategy ETF
FAAR
30 hedge funds and large institutions have $19.5M invested in First Trust Alternative Absolute Return Strategy ETF in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 4 reducing their positions, and 4 closing their positions.
175% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 4
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
49% more capital invested
Capital invested by funds: $13.1M → $19.5M (+$6.44M)
30.58% more ownership
Funds ownership: 50.6% → 81.18% (+31%)
15% more funds holding
Funds holding: 26 → 30 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.2M |
| 2 |
SF
Synovus Financial
Columbus,
Georgia
|
+$1.82M |
| 3 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$839K |
| 4 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
+$605K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$372K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$799K |
| 2 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$366K |
| 3 |
LPL Financial
San Diego,
California
|
-$362K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$273K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$224K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LAS
26
Lloyd Advisory Services
Suwanee,
Georgia
| $6K | +$1.37K | +54 | +31% |
|
|
BEI
27
Benjamin Edwards Inc
Clayton,
Missouri
| $4K | +$4.4K | +173 | New |
|
|
NFG
28
Next Financial Group
Houston,
Texas
| $3K | – | – | – |
|
|
LFG
29
LifePlan Financial Group
Dayton,
Ohio
| $2K | – | – | – |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $2K | +$254 | +10 | +15% |
|
|
CAN
31
Cetera Advisor Networks
El Segundo,
California
| – | -$799K | -30,856 | Closed |
|
|
MIAN
32
Mariner Independent Advisor Network
Overland Park,
Kansas
| – | -$366K | -14,121 | Closed |
|
|
PAG
33
Private Advisor Group
Morristown,
New Jersey
| – | -$273K | -10,530 | Closed |
|
|
34
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$224K | -8,650 | Closed |
|
FAAR Hedge Fund Activity: Q1 2020 in Review
30 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in First Trust Alternative Absolute Return Strategy ETF (FAAR) for Q1 2020, worth a combined $19.5M — up 49% from $13.1M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FAAR positions and 4 closed out — a net gain of 6 holders — while 11 added to existing stakes and 4 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $3.2M. The largest seller was Cetera Advisor Networks, exiting entirely with an estimated $799K sold.
- 30 institutional investors held First Trust Alternative Absolute Return Strategy ETF (FAAR) as of Q1 2020, up from 26 in Q4 2019.
- Funds reported $19.5M of First Trust Alternative Absolute Return Strategy ETF stock for Q1 2020, up 49% quarter-over-quarter.
- 10 funds opened new First Trust Alternative Absolute Return Strategy ETF positions in Q1 2020 and 4 closed out, a net change of +6 holders.
- The largest First Trust Alternative Absolute Return Strategy ETF buyer in Q1 2020 was Envestnet Asset Management, an estimated $3.2M added.
- The largest First Trust Alternative Absolute Return Strategy ETF seller in Q1 2020 was Cetera Advisor Networks, an estimated $799K sold.
Based on aggregated 13F filings for Q1 2020.