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First Trust Alternative Absolute Return Strategy ETF

82 hedge funds and large institutions have $115M invested in First Trust Alternative Absolute Return Strategy ETF in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 33 increasing their positions, 38 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

0.34% less ownership

Funds ownership: 77.34%77.01% (-0.34%)

5% less capital invested

Capital invested by funds: $121M → $115M (-$5.45M)

5% less funds holding

Funds holding: 8682 (-4)

13% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 38

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

Holders
82
Holders Change
-4
Holders Change %
-4.65%
% of All Funds
1.18%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
6
Increased
33
Reduced
38
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AssetMark Inc
26
AssetMark Inc
California
$1.1M +$303K +10,756 +39%
CAN
27
Cetera Advisor Networks
California
$1.04M -$3.81M -135,212 -79%
SW
28
Simplicity Wealth
New Jersey
$1.01M +$984K +34,960 New
Envestnet Portfolio Solutions
29
Envestnet Portfolio Solutions
Illinois
$993K -$279K -9,893 -22%
Mercer Global Advisors
30
Mercer Global Advisors
Colorado
$936K -$523K -18,571 -36%
GM
31
GeoWealth Management
Illinois
$892K +$165K +5,844 +23%
AWM
32
AE Wealth Management
Kansas
$844K -$5.71M -202,801 -87%
VL
33
Vima LLC
Michigan
$837K -$126K -4,457 -14%
BCI
34
Brinker Capital Investments
Pennsylvania
$793K -$473K -16,811 -38%
OPS
35
Orion Portfolio Solutions
Nebraska
$793K -$473K -16,811 -38%
SCA
36
Snowden Capital Advisors
New York
$760K +$24.1K +855 +3%
BWA
37
BlueChip Wealth Advisors
Georgia
$750K
SW
38
SMART Wealth
Nebraska
$673K -$1.17M -41,455 -64%
BRWA
39
B. Riley Wealth Advisors
Florida
$641K +$233K +8,281 +59%
CA
40
Cetera Advisors
Colorado
$628K +$194K +6,891 +46%
SWP
41
Stratos Wealth Partners
Ohio
$620K -$162K -5,768 -21%
KAS
42
Kestra Advisory Services
Texas
$607K -$156K -5,555 -21%
FPWM
43
FSB Premier Wealth Management
Iowa
$572K +$135K +4,782 +32%
PFGIA
44
Patriot Financial Group Insurance Agency
Massachusetts
$543K +$120K +4,253 +29%
NW
45
NewEdge Wealth
Pennsylvania
$540K -$413K -14,670 -43%
GRP
46
Global Retirement Partners
California
$524K -$7.04K -250 -1%
VCM
47
Virtue Capital Management
Tennessee
$485K +$1.58K +56 +0.3%
PAS
48
Park Avenue Securities
New York
$481K -$392K -13,921 -45%
CW
49
CreativeOne Wealth
Kansas
$431K +$166K +5,901 +65%
RA
50
RFG Advisory
Alabama
$415K +$13.6K +484 +3%

FAAR Hedge Fund Activity: Q1 2024 in Review

82 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Trust Alternative Absolute Return Strategy ETF (FAAR) for Q1 2024, worth a combined $115M — down 4.5% from $121M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of FAAR and 6 opened new positions — a net loss of 2 holders — while 38 trimmed existing stakes and 33 added.

The largest buyer was Jane Street, adding an estimated $5.85M. The largest seller was Envestnet Asset Management, cutting an estimated $9M.

  • 82 institutional investors held First Trust Alternative Absolute Return Strategy ETF (FAAR) as of Q1 2024, down from 86 in Q4 2023.
  • Funds reported $115M of First Trust Alternative Absolute Return Strategy ETF stock for Q1 2024, down 4.5% quarter-over-quarter.
  • 6 funds opened new First Trust Alternative Absolute Return Strategy ETF positions in Q1 2024 and 8 closed out, a net change of -2 holders.
  • The largest First Trust Alternative Absolute Return Strategy ETF buyer in Q1 2024 was Jane Street, an estimated $5.85M added.
  • The largest First Trust Alternative Absolute Return Strategy ETF seller in Q1 2024 was Envestnet Asset Management, an estimated $9M sold.

Based on aggregated 13F filings for Q1 2024.