Nicholas Fixed Income Alternative ETF
FIAX
14 hedge funds and large institutions have $131M invested in Nicholas Fixed Income Alternative ETF in 2025 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 8 increasing their positions, 2 reducing their positions, and closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 2
1.36% more ownership
Funds ownership: 80.42% → 81.78% (+1.4%)
2% more capital invested
Capital invested by funds: $128M → $131M (+$2.18M)
0% more funds holding
Funds holding: 14 → 14 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$2.02M |
| 2 |
SW
SMART Wealth
Omaha,
Nebraska
|
+$1.14M |
| 3 |
AWA
Authentikos Wealth Advisory
Morgan Hill,
California
|
+$602K |
| 4 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$441K |
| 5 |
Jane Street
New York
|
+$86.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BluePath Capital Management
Atlanta,
Georgia
|
-$749K |
| 2 |
CWM
Centric Wealth Management
Chicago,
Illinois
|
-$19.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TAF
1
Tredje AP-fonden
Se-111 91 Stockholm,
Sweden
| $90.1M | – | – | – |
|
|
BCM
2
BluePath Capital Management
Atlanta,
Georgia
| $16.1M | -$749K | -41,344 | -4% |
|
|
AWM
3
AE Wealth Management
Topeka,
Kansas
| $9.6M | +$441K | +24,310 | +5% |
|
|
SW
4
SMART Wealth
Omaha,
Nebraska
| $8.53M | +$1.14M | +63,128 | +16% |
|
|
TI
5
Tidal Investments
Milwaukee,
Wisconsin
| $2.23M | +$2.02M | +111,242 | +1,012% |
|
|
AWA
6
Authentikos Wealth Advisory
Morgan Hill,
California
| $1.18M | +$602K | +33,196 | +106% |
|
|
CWM
7
Centric Wealth Management
Chicago,
Illinois
| $902K | -$19.8K | -1,090 | -2% |
|
|
FTUS
8
Flow Traders U.S.
New York
| $775K | +$27.8K | +1,533 | +4% |
|
|
9
Jane Street
New York
| $435K | +$86.6K | +4,778 | +25% |
|
10
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $343K | +$4.51K | +249 | +1% |
|
|
ZI
11
ZEGA Investments
Palm Beach Gardens,
Florida
| $210K | – | – | – |
|
12
UBS Group
Zurich,
Switzerland
| $96.7K | +$67.4K | +3,719 | +235% |
|
13
Morgan Stanley
New York
| $47K | – | – | – |
|
14
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $1K | – | – | – |
|
FIAX Hedge Fund Activity: Q2 2025 in Review
14 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Nicholas Fixed Income Alternative ETF (FIAX) for Q2 2025, worth a combined $131M — up 1.7% from $128M a quarter earlier.
Fund positioning in FIAX was balanced in Q2 2025: 0 funds opened new positions, 0 closed out, 8 added to existing stakes and 2 trimmed.
The largest buyer was Tidal Investments, adding an estimated $2.02M. The largest seller was BluePath Capital Management, cutting an estimated $749K.
- 14 institutional investors held Nicholas Fixed Income Alternative ETF (FIAX) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $131M of Nicholas Fixed Income Alternative ETF stock for Q2 2025, up 1.7% quarter-over-quarter.
- 0 funds opened new Nicholas Fixed Income Alternative ETF positions in Q2 2025 and 0 closed out.
- The largest Nicholas Fixed Income Alternative ETF buyer in Q2 2025 was Tidal Investments, an estimated $2.02M added.
- The largest Nicholas Fixed Income Alternative ETF seller in Q2 2025 was BluePath Capital Management, an estimated $749K sold.
Based on aggregated 13F filings for Q2 2025.