First Trust Alternative Absolute Return Strategy ETF
FAAR
63 hedge funds and large institutions have $138M invested in First Trust Alternative Absolute Return Strategy ETF in 2026 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 26 reducing their positions, and 18 closing their positions.
14.43% more ownership
Funds ownership: 69.48% → 83.91% (+14%)
13% more capital invested
Capital invested by funds: $122M → $138M (+$16.2M)
15% less funds holding
Funds holding: 74 → 63 (-11)
15% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 26
50% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$48M |
| 2 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
+$9.99M |
| 3 |
Morgan Stanley
New York
|
+$8.08M |
| 4 |
AssetMark Inc
Concord,
California
|
+$2.16M |
| 5 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$11M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$10.4M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.35M |
| 4 |
BEI
Benjamin Edwards Inc
Clayton,
Missouri
|
-$2.88M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$2.39M |
FAAR Hedge Fund Activity: Q2 2026 in Review
63 institutional investors reported a position in First Trust Alternative Absolute Return Strategy ETF (FAAR) for Q2 2026, worth a combined $138M — up 13% from $122M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FAAR and 9 opened new positions — a net loss of 9 holders — while 26 trimmed existing stakes and 22 added.
The largest buyer was First Trust Advisors, adding an estimated $48M. The largest seller was LPL Financial, cutting an estimated $11M.
- 63 institutional investors held First Trust Alternative Absolute Return Strategy ETF (FAAR) as of Q2 2026, down from 74 in Q1 2026.
- Funds reported $138M of First Trust Alternative Absolute Return Strategy ETF stock for Q2 2026, up 13% quarter-over-quarter.
- 9 funds opened new First Trust Alternative Absolute Return Strategy ETF positions in Q2 2026 and 18 closed out, a net change of -9 holders.
- The largest First Trust Alternative Absolute Return Strategy ETF buyer in Q2 2026 was First Trust Advisors, an estimated $48M added.
- The largest First Trust Alternative Absolute Return Strategy ETF seller in Q2 2026 was LPL Financial, an estimated $11M sold.
Based on aggregated 13F filings for Q2 2026.