First Trust Alternative Absolute Return Strategy ETF
FAAR
74 hedge funds and large institutions have $122M invested in First Trust Alternative Absolute Return Strategy ETF in 2026 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 7 closing their positions.
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
23% more capital invested
Capital invested by funds: $99M → $122M (+$22.9M)
16% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 25
10% more funds holding
Funds holding: 67 → 74 (+7)
12.58% less ownership
Funds ownership: 82.06% → 69.48% (-13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.46M |
| 2 |
LPL Financial
San Diego,
California
|
+$3.22M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.03M |
| 4 |
GWP
Gateway Wealth Partners
Appleton,
Wisconsin
|
+$1.29M |
| 5 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
-$11.3M |
| 2 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
-$7.84M |
| 3 |
TA
TFB Advisors
Overland Park,
Kansas
|
-$428K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$428K |
| 5 |
Bank of New York Mellon
New York
|
-$347K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Wells Fargo
San Francisco,
California
| $9 | -$30 | -1 | Closed |
|
|
CAS
77
Coppell Advisory Solutions
Coppell,
Texas
| – | -$7.84M | -287,296 | Closed |
|
|
TA
78
TFB Advisors
Overland Park,
Kansas
| – | -$428K | -15,808 | Closed |
|
|
KAS
79
Kestra Advisory Services
Austin,
Texas
| – | -$317K | -11,695 | Closed |
|
|
FHA
80
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$3.66K | -135 | Closed |
|
|
AG
81
AmeriFlex Group
Las Vegas,
Nevada
| – | -$3.41K | -112 | Closed |
|
|
LAS
82
Lloyd Advisory Services
Suwanee,
Georgia
| – | -$190 | -7 | Closed |
|
FAAR Hedge Fund Activity: Q1 2026 in Review
74 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust Alternative Absolute Return Strategy ETF (FAAR) for Q1 2026, worth a combined $122M — up 23% from $99M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FAAR positions and 7 closed out — a net gain of 9 holders — while 29 added to existing stakes and 25 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $6.46M. The largest seller was AssetMark Inc, cutting an estimated $11.3M.
- 74 institutional investors held First Trust Alternative Absolute Return Strategy ETF (FAAR) as of Q1 2026, up from 67 in Q4 2025.
- Funds reported $122M of First Trust Alternative Absolute Return Strategy ETF stock for Q1 2026, up 23% quarter-over-quarter.
- 16 funds opened new First Trust Alternative Absolute Return Strategy ETF positions in Q1 2026 and 7 closed out, a net change of +9 holders.
- The largest First Trust Alternative Absolute Return Strategy ETF buyer in Q1 2026 was Morgan Stanley, an estimated $6.46M added.
- The largest First Trust Alternative Absolute Return Strategy ETF seller in Q1 2026 was AssetMark Inc, an estimated $11.3M sold.
Based on aggregated 13F filings for Q1 2026.