First Trust Alternative Absolute Return Strategy ETF
FAAR
82 hedge funds and large institutions have $138M invested in First Trust Alternative Absolute Return Strategy ETF in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 44 increasing their positions, 28 reducing their positions, and 12 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 28
0.11% more ownership
Funds ownership: 77.04% → 77.15% (+0.11%)
7% less capital invested
Capital invested by funds: $149M → $138M (-$10.7M)
8% less funds holding
Funds holding: 89 → 82 (-7)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $2.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$5.37M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$4.48M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$2.13M |
| 4 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
+$1.81M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$6.12M |
| 2 |
LPL Financial
San Diego,
California
|
-$5.29M |
| 3 |
Mercer Global Advisors
Denver,
Colorado
|
-$3.09M |
| 4 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
-$1.45M |
| 5 |
IWM
Iams Wealth Management
Omaha,
Nebraska
|
-$1.3M |
FAAR Hedge Fund Activity: Q2 2023 in Review
82 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Trust Alternative Absolute Return Strategy ETF (FAAR) for Q2 2023, worth a combined $138M — down 7.2% from $149M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FAAR and 8 opened new positions — a net loss of 4 holders — while 28 trimmed existing stakes and 44 added.
The largest buyer was Jane Street, adding an estimated $5.37M. The largest seller was Kestra Advisory Services, cutting an estimated $6.12M.
- 82 institutional investors held First Trust Alternative Absolute Return Strategy ETF (FAAR) as of Q2 2023, down from 89 in Q1 2023.
- Funds reported $138M of First Trust Alternative Absolute Return Strategy ETF stock for Q2 2023, down 7.2% quarter-over-quarter.
- 8 funds opened new First Trust Alternative Absolute Return Strategy ETF positions in Q2 2023 and 12 closed out, a net change of -4 holders.
- The largest First Trust Alternative Absolute Return Strategy ETF buyer in Q2 2023 was Jane Street, an estimated $5.37M added.
- The largest First Trust Alternative Absolute Return Strategy ETF seller in Q2 2023 was Kestra Advisory Services, an estimated $6.12M sold.
Based on aggregated 13F filings for Q2 2023.