First Trust California Municipal High income ETF
FCAL
86 hedge funds and large institutions have $144M invested in First Trust California Municipal High income ETF in 2026 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 29 increasing their positions, 27 reducing their positions, and 7 closing their positions.
143% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 7
30% more capital inflows, than outflows
Capital inflows: $21.4M | Capital outflows: $16.4M
12% more funds holding
Funds holding: 77 → 86 (+9)
7% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 27
1.85% less ownership
Funds ownership: 66.61% → 64.75% (-1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$4.47M |
| 2 |
EC
Elequin Capital
New York
|
+$2.67M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.32M |
| 4 |
Savvy Advisors Inc
New York
|
+$1M |
| 5 |
IP
Ignite Planners
San Clemente,
California
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Miracle Mile Advisors
Los Angeles,
California
|
-$5.44M |
| 2 |
Mariner
Overland Park,
Kansas
|
-$2.41M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.73M |
| 4 |
Old Mission Capital
Chicago,
Illinois
|
-$962K |
| 5 |
Jane Street
New York
|
-$708K |
FCAL Hedge Fund Activity: Q2 2026 in Review
86 of the 8,352 institutional investors tracked by Wall St. Rank reported a position in First Trust California Municipal High income ETF (FCAL) for Q2 2026, worth a combined $144M — up 4.3% from $138M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FCAL positions and 7 closed out — a net gain of 10 holders — while 29 added to existing stakes and 27 trimmed.
The largest buyer was LPL Financial, adding an estimated $4.47M. The largest seller was Miracle Mile Advisors, cutting an estimated $5.44M.
- 86 institutional investors held First Trust California Municipal High income ETF (FCAL) as of Q2 2026, up from 77 in Q1 2026.
- Funds reported $144M of First Trust California Municipal High income ETF stock for Q2 2026, up 4.3% quarter-over-quarter.
- 17 funds opened new First Trust California Municipal High income ETF positions in Q2 2026 and 7 closed out, a net change of +10 holders.
- The largest First Trust California Municipal High income ETF buyer in Q2 2026 was LPL Financial, an estimated $4.47M added.
- The largest First Trust California Municipal High income ETF seller in Q2 2026 was Miracle Mile Advisors, an estimated $5.44M sold.
Based on aggregated 13F filings for Q2 2026.