First Trust Alternative Absolute Return Strategy ETF
FAAR
83 hedge funds and large institutions have $116M invested in First Trust Alternative Absolute Return Strategy ETF in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 34 increasing their positions, 38 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
0.44% less ownership
Funds ownership: 77.89% → 77.45% (-0.44%)
5% less capital invested
Capital invested by funds: $122M → $116M (-$5.63M)
5% less funds holding
Funds holding: 87 → 83 (-4)
11% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 38
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$5.85M |
| 2 |
SW
Simplicity Wealth
Summit,
New Jersey
|
+$984K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$866K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$848K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$553K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$9M |
| 2 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$5.71M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.25M |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$3.81M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$2.44M |
FAAR Hedge Fund Activity: Q1 2024 in Review
83 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in First Trust Alternative Absolute Return Strategy ETF (FAAR) for Q1 2024, worth a combined $116M — down 4.6% from $122M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FAAR and 6 opened new positions — a net loss of 2 holders — while 38 trimmed existing stakes and 34 added.
The largest buyer was Jane Street, adding an estimated $5.85M. The largest seller was Envestnet Asset Management, cutting an estimated $9M.
- 83 institutional investors held First Trust Alternative Absolute Return Strategy ETF (FAAR) as of Q1 2024, down from 87 in Q4 2023.
- Funds reported $116M of First Trust Alternative Absolute Return Strategy ETF stock for Q1 2024, down 4.6% quarter-over-quarter.
- 6 funds opened new First Trust Alternative Absolute Return Strategy ETF positions in Q1 2024 and 8 closed out, a net change of -2 holders.
- The largest First Trust Alternative Absolute Return Strategy ETF buyer in Q1 2024 was Jane Street, an estimated $5.85M added.
- The largest First Trust Alternative Absolute Return Strategy ETF seller in Q1 2024 was Envestnet Asset Management, an estimated $9M sold.
Based on aggregated 13F filings for Q1 2024.