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First Trust Alternative Absolute Return Strategy ETF

88 hedge funds and large institutions have $147M invested in First Trust Alternative Absolute Return Strategy ETF in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 30 increasing their positions, 32 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 8

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

14% more funds holding

Funds holding: 7788 (+11)

6% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 32

3.43% less ownership

Funds ownership: 79.96%76.53% (-3.4%)

9% less capital invested

Capital invested by funds: $161M → $147M (-$14.5M)

Holders
88
Holders Change
+11
Holders Change %
+14.29%
% of All Funds
1.4%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
21
Increased
30
Reduced
32
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CA
51
Cetera Advisors
Colorado
$377K -$67.5K -2,252 -15%
1W
52
1776 Wealth
Georgia
$374K
MA
53
Mutual Advisors
Nebraska
$370K +$659 +22 +0.2%
T
54
TRUADVICE
Florida
$367K -$22.1K -736 -5%
HI
55
Harbour Investments
Wisconsin
$364K -$10.7K -356 -3%
MWM
56
Maripau Wealth Management
Indiana
$349K -$4.17K -139 -1%
Rockefeller Capital Management
57
Rockefeller Capital Management
New York
$336K +$959 +32 +0.3%
PAS
58
Park Avenue Securities
New York
$328K +$331K +11,045 New
GVAG
59
Great Valley Advisor Group
Delaware
$325K +$20.9K +696 +7%
WCFA
60
Walkner Condon Financial Advisors
Wisconsin
$321K +$26.9K +896 +9%
IAIM
61
International Assets Investment Management
Florida
$318K
Mariner
62
Mariner
Kansas
$302K +$304K +10,153 New
First Trust Advisors
63
First Trust Advisors
Illinois
$257K +$259K +8,639 New
FPWM
64
FSB Premier Wealth Management
Iowa
$256K -$60.9K -2,033 -19%
TCA
65
Transcend Capital Advisors
New Jersey
$252K +$16.4K +547 +7%
PAG
66
Private Advisor Group
New Jersey
$240K +$242K +8,072 New
PVI
67
Pine Valley Investments
New Jersey
$219K +$226K +7,530 New
Royal Bank of Canada
68
Royal Bank of Canada
Ontario, Canada
$212K -$32.4K -1,080 -13%
SS
69
Simplicity Solutions
Minnesota
$200K +$202K +6,744 New
AAS
70
Ameritas Advisory Services
Nebraska
$97.1K +$98.2K +3,278 New
UBS Group
71
UBS Group
Switzerland
$80K +$58.4K +1,947 +261%
GRP
72
Global Retirement Partners
California
$46.2K -$3.72K -124 -7%
CFD
73
Creative Financial Designs
Indiana
$45.3K -$4.5K -150 -9%
TAM
74
Tucker Asset Management
Colorado
$38.2K +$210 +7 +0.5%
SS
75
Sunbelt Securities
Texas
$34.4K +$34.6K +1,154 New

FAAR Hedge Fund Activity: Q1 2023 in Review

88 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in First Trust Alternative Absolute Return Strategy ETF (FAAR) for Q1 2023, worth a combined $147M — down 9% from $161M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FAAR positions and 8 closed out — a net gain of 13 holders — while 30 added to existing stakes and 32 trimmed.

The largest buyer was HighTower Advisors, opening a new position worth an estimated $3.88M. The largest seller was Prospera Financial Services, cutting an estimated $4.2M.

  • 88 institutional investors held First Trust Alternative Absolute Return Strategy ETF (FAAR) as of Q1 2023, up from 77 in Q4 2022.
  • Funds reported $147M of First Trust Alternative Absolute Return Strategy ETF stock for Q1 2023, down 9% quarter-over-quarter.
  • 21 funds opened new First Trust Alternative Absolute Return Strategy ETF positions in Q1 2023 and 8 closed out, a net change of +13 holders.
  • The largest First Trust Alternative Absolute Return Strategy ETF buyer in Q1 2023 was HighTower Advisors, an estimated $3.88M added.
  • The largest First Trust Alternative Absolute Return Strategy ETF seller in Q1 2023 was Prospera Financial Services, an estimated $4.2M sold.

Based on aggregated 13F filings for Q1 2023.