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Nicholas Fixed Income Alternative ETF

12 hedge funds and large institutions have $130M invested in Nicholas Fixed Income Alternative ETF in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 4

1.72% more ownership

Funds ownership: 81.78%83.5% (+1.7%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

0% less capital invested

Capital invested by funds: $131M → $130M (-$362K)

14% less funds holding

Funds holding: 1412 (-2)

67% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 3

Holders
12
Holders Change
-2
Holders Change %
-14.29%
% of All Funds
0.16%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
1
Increased
5
Reduced
4
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
TAF
1
Tredje AP-fonden
Sweden
$89M
BCM
2
BluePath Capital Management
Georgia
$14.4M -$1.59M -87,676 -10%
SW
3
SMART Wealth
Nebraska
$10.3M +$1.87M +103,061 +22%
AWM
4
AE Wealth Management
Kansas
$9.81M +$328K +18,067 +3%
TI
5
Tidal Investments
Wisconsin
$2.34M +$133K +7,317 +6%
FTUS
6
Flow Traders U.S.
New York
$1.9M +$1.15M +63,138 +149%
AWA
7
Authentikos Wealth Advisory
California
$1.15M -$14.9K -820 -1%
CWM
8
Centric Wealth Management
Illinois
$962K +$67.3K +3,712 +7%
Jane Street
9
Jane Street
New York
$339K -$91.4K -5,041 -21%
Morgan Stanley
10
Morgan Stanley
New York
$46.4K
UBS Group
11
UBS Group
Switzerland
$14.6K -$81.5K -4,492 -85%
Wells Fargo
12
Wells Fargo
California
$721 +$725 +40 New
Susquehanna International Group
13
Susquehanna International Group
Pennsylvania
-$343K -18,782 Closed
ZI
14
ZEGA Investments
Florida
-$210K -11,489 Closed
Carson Wealth (CWM LLC)
15
Carson Wealth (CWM LLC)
Nebraska
-$1K -75 Closed

FIAX Hedge Fund Activity: Q3 2025 in Review

12 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Nicholas Fixed Income Alternative ETF (FIAX) for Q3 2025, worth a combined $130M — down 0.28% from $131M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of FIAX and 1 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 5 added.

The largest buyer was SMART Wealth, adding an estimated $1.87M. The largest seller was BluePath Capital Management, cutting an estimated $1.59M.

  • 12 institutional investors held Nicholas Fixed Income Alternative ETF (FIAX) as of Q3 2025, down from 14 in Q2 2025.
  • Funds reported $130M of Nicholas Fixed Income Alternative ETF stock for Q3 2025, down 0.28% quarter-over-quarter.
  • 1 fund opened new Nicholas Fixed Income Alternative ETF positions in Q3 2025 and 3 closed out, a net change of -2 holders.
  • The largest Nicholas Fixed Income Alternative ETF buyer in Q3 2025 was SMART Wealth, an estimated $1.87M added.
  • The largest Nicholas Fixed Income Alternative ETF seller in Q3 2025 was BluePath Capital Management, an estimated $1.59M sold.

Based on aggregated 13F filings for Q3 2025.