First Trust Alternative Absolute Return Strategy ETF
FAAR
50 hedge funds and large institutions have $53.6M invested in First Trust Alternative Absolute Return Strategy ETF in 2021 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 3 closing their positions.
333% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 3
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
22% more funds holding
Funds holding: 41 → 50 (+9)
22% more capital invested
Capital invested by funds: $44.1M → $53.6M (+$9.51M)
14.41% less ownership
Funds ownership: 76.99% → 62.57% (-14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.68M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$1.28M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$857K |
| 4 |
AW
ACG Wealth
Atlanta,
Georgia
|
+$730K |
| 5 |
LPL Financial
San Diego,
California
|
+$594K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$888K |
| 2 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
-$353K |
| 3 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$329K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$214K |
| 5 |
CAM
Concorde Asset Management
Ann Arbor,
Michigan
|
-$42.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Morgan Stanley
New York
| $4K | +$4.05K | +143 | New |
|
|
52
Jane Street
New York
| – | -$888K | -32,553 | Closed |
|
|
53
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$214K | -7,860 | Closed |
|
54
Wells Fargo
San Francisco,
California
| – | -$28 | -1 | Closed |
|
FAAR Hedge Fund Activity: Q1 2021 in Review
50 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in First Trust Alternative Absolute Return Strategy ETF (FAAR) for Q1 2021, worth a combined $53.6M — up 22% from $44.1M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FAAR positions and 3 closed out — a net gain of 10 holders — while 20 added to existing stakes and 12 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $1.68M. The largest seller was Jane Street, exiting entirely with an estimated $888K sold.
- 50 institutional investors held First Trust Alternative Absolute Return Strategy ETF (FAAR) as of Q1 2021, up from 41 in Q4 2020.
- Funds reported $53.6M of First Trust Alternative Absolute Return Strategy ETF stock for Q1 2021, up 22% quarter-over-quarter.
- 13 funds opened new First Trust Alternative Absolute Return Strategy ETF positions in Q1 2021 and 3 closed out, a net change of +10 holders.
- The largest First Trust Alternative Absolute Return Strategy ETF buyer in Q1 2021 was Envestnet Asset Management, an estimated $1.68M added.
- The largest First Trust Alternative Absolute Return Strategy ETF seller in Q1 2021 was Jane Street, an estimated $888K sold.
Based on aggregated 13F filings for Q1 2021.