Nicholas Fixed Income Alternative ETF
FIAX
14 hedge funds and large institutions have $128M invested in Nicholas Fixed Income Alternative ETF in 2025 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 0 closing their positions.
17% more funds holding
Funds holding: 12 → 14 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
12.58% less ownership
Funds ownership: 93% → 80.42% (-13%)
14% less capital invested
Capital invested by funds: $150M → $128M (-$21.3M)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$2.77M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$351K |
| 3 |
SW
SMART Wealth
Omaha,
Nebraska
|
+$173K |
| 4 |
CWM
Centric Wealth Management
Chicago,
Illinois
|
+$51.2K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$9.02K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BluePath Capital Management
Atlanta,
Georgia
|
-$18.2M |
| 2 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$1.88M |
| 3 |
AWA
Authentikos Wealth Advisory
Morgan Hill,
California
|
-$443K |
| 4 |
Jane Street
New York
|
-$346K |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$51.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TAF
1
Tredje AP-fonden
Se-111 91 Stockholm,
Sweden
| $91.1M | – | – | – |
|
|
BCM
2
BluePath Capital Management
Atlanta,
Georgia
| $17.1M | -$18.2M | -961,630 | -51% |
|
|
AWM
3
AE Wealth Management
Topeka,
Kansas
| $9.26M | +$2.77M | +146,636 | +41% |
|
|
SW
4
SMART Wealth
Omaha,
Nebraska
| $7.46M | +$173K | +9,129 | +2% |
|
|
CWM
5
Centric Wealth Management
Chicago,
Illinois
| $936K | +$51.2K | +2,705 | +6% |
|
|
FTUS
6
Flow Traders U.S.
New York
| $756K | -$51.5K | -2,722 | -6% |
|
|
AWA
7
Authentikos Wealth Advisory
Morgan Hill,
California
| $579K | -$443K | -23,436 | -43% |
|
|
8
Jane Street
New York
| $352K | -$346K | -18,293 | -49% |
|
|
9
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $342K | +$351K | +18,533 | New |
|
|
ZI
10
ZEGA Investments
Palm Beach Gardens,
Florida
| $212K | -$35.7K | -1,887 | -14% |
|
|
TI
11
Tidal Investments
Milwaukee,
Wisconsin
| $203K | -$1.88M | -99,472 | -90% |
|
12
Morgan Stanley
New York
| $47.6K | – | – | – |
|
|
13
UBS Group
Zurich,
Switzerland
| $29.2K | +$9.02K | +477 | +43% |
|
14
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $1K | +$1.42K | +75 | New |
|
FIAX Hedge Fund Activity: Q1 2025 in Review
14 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Nicholas Fixed Income Alternative ETF (FIAX) for Q1 2025, worth a combined $128M — down 14% from $150M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new FIAX positions and 0 closed out — a net gain of 2 holders — while 4 added to existing stakes and 6 trimmed.
The largest buyer was AE Wealth Management, adding an estimated $2.77M. The largest seller was BluePath Capital Management, cutting an estimated $18.2M.
- 14 institutional investors held Nicholas Fixed Income Alternative ETF (FIAX) as of Q1 2025, up from 12 in Q4 2024.
- Funds reported $128M of Nicholas Fixed Income Alternative ETF stock for Q1 2025, down 14% quarter-over-quarter.
- 2 funds opened new Nicholas Fixed Income Alternative ETF positions in Q1 2025 and 0 closed out, a net change of +2 holders.
- The largest Nicholas Fixed Income Alternative ETF buyer in Q1 2025 was AE Wealth Management, an estimated $2.77M added.
- The largest Nicholas Fixed Income Alternative ETF seller in Q1 2025 was BluePath Capital Management, an estimated $18.2M sold.
Based on aggregated 13F filings for Q1 2025.