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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
Envestnet Asset Management
1
Envestnet Asset Management
Illinois
$19.7M -$1.16M -38,799 -6%
LPL Financial
2
LPL Financial
California
$18.5M +$2.47M +82,451 +15%
AWM
3
AE Wealth Management
Kansas
$9.88M +$600K +20,005 +6%
KAS
4
Kestra Advisory Services
Texas
$9.64M -$226K -7,525 -2%
Osaic Holdings
5
Osaic Holdings
Arizona
$8.7M -$1.66M -55,427 -16%
Mercer Global Advisors
6
Mercer Global Advisors
Colorado
$6.54M -$319K -10,644 -5%
Cetera Investment Advisers
7
Cetera Investment Advisers
Illinois
$5.56M -$2.3M -76,601 -29%
CAN
8
Cetera Advisor Networks
California
$5.31M -$1.47M -49,199 -22%
QA
9
Quantitative Advantage
Minnesota
$4.74M +$43.5K +1,451 +0.9%
HighTower Advisors
10
HighTower Advisors
Illinois
$3.81M +$3.88M +129,390 New
AAS
11
Avantax Advisory Services
Texas
$3.58M -$181K -6,051 -5%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$3.58M -$191K -6,383 -5%
PFS
13
Prospera Financial Services
Texas
$3.53M -$4.2M -140,180 -54%
AWA
14
Authentikos Wealth Advisory
California
$3.28M +$3.28M +109,606 New
RJFSA
15
Raymond James Financial Services Advisors
Florida
$2.51M -$261K -8,694 -9%
IA
16
IFP Advisors
Florida
$2.22M -$2.46M -81,971 -52%
AWS
17
Atria Wealth Solutions
New York
$2.13M -$136K -4,553 -6%
AFP
18
Ausdal Financial Partners
Iowa
$2.05M +$255K +8,511 +14%
JIP
19
Jaffetilchin Investment Partners
Florida
$2M +$98.4K +3,282 +5%
CWM
20
Catalyst Wealth Management
Georgia
$1.81M -$110K -3,669 -6%
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$1.4M -$425K -14,186 -23%
KPWS
22
Kestra Private Wealth Services
Texas
$1.34M -$11.7K -390 -0.9%
IWM
23
Iams Wealth Management
Nebraska
$1.34M +$72K +2,404 +6%
SW
24
SMART Wealth
Nebraska
$1.14M -$157K -5,249 -12%
SPC
25
Sigma Planning Corp
Michigan
$1.08M -$18.3K -609 -2%

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.