First Trust Alternative Absolute Return Strategy ETF
FAAR
89 hedge funds and large institutions have $149M invested in First Trust Alternative Absolute Return Strategy ETF in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 31 increasing their positions, 32 reducing their positions, and 7 closing their positions.
200% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 7
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
16% more funds holding
Funds holding: 77 → 89 (+12)
3% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 32
2.92% less ownership
Funds ownership: 79.96% → 77.04% (-2.9%)
8% less capital invested
Capital invested by funds: $161M → $149M (-$12.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$3.88M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.47M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$600K |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$527K |
| 5 |
NW
NewEdge Wealth
Pittsburgh,
Pennsylvania
|
+$486K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$4.2M |
| 2 |
BHWA
Beacon Harbor Wealth Advisors
Virginia Beach,
Virginia
|
-$4.07M |
| 3 |
AOG
Alpha Omega Group
Reston,
Virginia
|
-$3.9M |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$2.46M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$2.3M |
FAAR Hedge Fund Activity: Q1 2023 in Review
89 of the 6,283 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 $149M — down 7.8% from $161M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FAAR positions and 7 closed out — a net gain of 14 holders — while 31 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.
- 89 institutional investors held First Trust Alternative Absolute Return Strategy ETF (FAAR) as of Q1 2023, up from 77 in Q4 2022.
- Funds reported $149M of First Trust Alternative Absolute Return Strategy ETF stock for Q1 2023, down 7.8% quarter-over-quarter.
- 21 funds opened new First Trust Alternative Absolute Return Strategy ETF positions in Q1 2023 and 7 closed out, a net change of +14 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.