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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
BEI
76
Benjamin Edwards Inc
Missouri
$31K +$3.42K +114 +12%
SPIA
77
Steward Partners Investment Advisory
New York
$13.4K
Northwestern Mutual Wealth Management
78
Northwestern Mutual Wealth Management
Wisconsin
$12.8K +$12.9K +431 New
BAM
79
Belpointe Asset Management
Nevada
$11.7K -$7.43K -248 -39%
SWA
80
SOA Wealth Advisors
New York
$8.8K +$480 +16 +6%
CWA
81
Clearview Wealth Advisors
Oregon
$5.59K +$30 +1 +0.5%
CIA
82
Cape Investment Advisory
Georgia
$4.37K +$4.41K +147 New
Morgan Stanley
83
Morgan Stanley
New York
$4.25K
TRCT
84
Tower Research Capital (TRC)
New York
$4K +$4.35K +145 New
ASN
85
Advisory Services Network
Georgia
$2.02K +$2.04K +68 New
NA
86
NewEdge Advisors
Louisiana
$1.31K -$2.01K -67 -60%
Commonwealth Equity Services
87
Commonwealth Equity Services
Massachusetts
$969 +$98.6K +3,289 +11%
Fidelity Investments
88
Fidelity Investments
Massachusetts
$178 +$180 +6 New
Wells Fargo
89
Wells Fargo
California
$24 -$30 -1 Closed
BHWA
90
Beacon Harbor Wealth Advisors
Virginia
-$4.07M -136,181 Closed
AOG
91
Alpha Omega Group
Virginia
-$3.9M -130,464 Closed
FTUS
92
Flow Traders U.S.
New York
-$1.3M -43,418 Closed
EH
93
Equitable Holdings
New York
-$826K -27,644 Closed
MML Investors Services
94
MML Investors Services
Massachusetts
-$674K -22,548 Closed
SG
95
StoneX Group
New York
-$669K -22,340 Closed
CAM
96
Concorde Asset Management
Michigan
-$243K -8,142 Closed

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.