First Trust Alternative Absolute Return Strategy ETF
FAAR
77 hedge funds and large institutions have $97.3M invested in First Trust Alternative Absolute Return Strategy ETF in 2024 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 39 reducing their positions, and 12 closing their positions.
1.31% more ownership
Funds ownership: 77.45% → 78.75% (+1.3%)
7% less funds holding
Funds holding: 83 → 77 (-6)
16% less capital invested
Capital invested by funds: $116M → $97.3M (-$18.7M)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
33% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 39
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Authentikos Wealth Advisory
Morgan Hill,
California
|
+$1.18M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.17M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$753K |
| 4 |
HAS
Horizon Advisory Services
West Henrietta,
New York
|
+$712K |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$664K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$7.57M |
| 2 |
LPL Financial
San Diego,
California
|
-$2.44M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.92M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$1.1M |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$1.1M |
FAAR Hedge Fund Activity: Q2 2024 in Review
77 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in First Trust Alternative Absolute Return Strategy ETF (FAAR) for Q2 2024, worth a combined $97.3M — down 16% from $116M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FAAR and 9 opened new positions — a net loss of 3 holders — while 39 trimmed existing stakes and 26 added.
The largest buyer was Authentikos Wealth Advisory, adding an estimated $1.18M. The largest seller was Jane Street, cutting an estimated $7.57M.
- 77 institutional investors held First Trust Alternative Absolute Return Strategy ETF (FAAR) as of Q2 2024, down from 83 in Q1 2024.
- Funds reported $97.3M of First Trust Alternative Absolute Return Strategy ETF stock for Q2 2024, down 16% quarter-over-quarter.
- 9 funds opened new First Trust Alternative Absolute Return Strategy ETF positions in Q2 2024 and 12 closed out, a net change of -3 holders.
- The largest First Trust Alternative Absolute Return Strategy ETF buyer in Q2 2024 was Authentikos Wealth Advisory, an estimated $1.18M added.
- The largest First Trust Alternative Absolute Return Strategy ETF seller in Q2 2024 was Jane Street, an estimated $7.57M sold.
Based on aggregated 13F filings for Q2 2024.