First Trust Alternative Absolute Return Strategy ETF
FAAR
72 hedge funds and large institutions have $89.3M invested in First Trust Alternative Absolute Return Strategy ETF in 2024 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 33 increasing their positions, 32 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
3% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 32
5% less funds holding
Funds holding: 76 → 72 (-4)
8% less capital invested
Capital invested by funds: $96.8M → $89.3M (-$7.53M)
11.56% less ownership
Funds ownership: 78.37% → 66.81% (-12%)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AssetMark Inc
Concord,
California
|
+$1.91M |
| 2 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$587K |
| 3 |
HAS
Horizon Advisory Services
West Henrietta,
New York
|
+$540K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$521K |
| 5 |
WIA
World Investment Advisors
Santa Barbara,
California
|
+$405K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFP
Ausdal Financial Partners
Davenport,
Iowa
|
-$2.04M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.01M |
| 3 |
WCFA
Walkner Condon Financial Advisors
Madison,
Wisconsin
|
-$1.85M |
| 4 |
Jane Street
New York
|
-$1.29M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.15M |
FAAR Hedge Fund Activity: Q3 2024 in Review
72 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in First Trust Alternative Absolute Return Strategy ETF (FAAR) for Q3 2024, worth a combined $89.3M — down 7.8% from $96.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FAAR and 6 opened new positions — a net loss of 1 holder — while 32 trimmed existing stakes and 33 added.
The largest buyer was AssetMark Inc, adding an estimated $1.91M. The largest seller was Ausdal Financial Partners, exiting entirely with an estimated $2.04M sold.
- 72 institutional investors held First Trust Alternative Absolute Return Strategy ETF (FAAR) as of Q3 2024, down from 76 in Q2 2024.
- Funds reported $89.3M of First Trust Alternative Absolute Return Strategy ETF stock for Q3 2024, down 7.8% quarter-over-quarter.
- 6 funds opened new First Trust Alternative Absolute Return Strategy ETF positions in Q3 2024 and 7 closed out, a net change of -1 holder.
- The largest First Trust Alternative Absolute Return Strategy ETF buyer in Q3 2024 was AssetMark Inc, an estimated $1.91M added.
- The largest First Trust Alternative Absolute Return Strategy ETF seller in Q3 2024 was Ausdal Financial Partners, an estimated $2.04M sold.
Based on aggregated 13F filings for Q3 2024.