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Nicholas Fixed Income Alternative ETF

11 hedge funds and large institutions have $113M invested in Nicholas Fixed Income Alternative ETF in 2026 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.1% less ownership

Funds ownership: 84.15%83.04% (-1.1%)

12% less capital invested

Capital invested by funds: $129M → $113M (-$15.6M)

15% less funds holding

Funds holding: 1311 (-2)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

50% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 4

Holders
11
Holders Change
-2
Holders Change %
-15.38%
% of All Funds
0.14%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
2
Increased
2
Reduced
4
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
TAF
1
Tredje AP-fonden
Sweden
$86.1M
BCM
2
BluePath Capital Management
Georgia
$11.2M -$2.08M -117,027 -15%
AWM
3
AE Wealth Management
Kansas
$9.68M +$160K +9,016 +2%
SW
4
SMART Wealth
Nebraska
$2.44M -$7.73M -434,585 -76%
ZI
5
ZEGA Investments
Florida
$1.29M +$1.32M +74,156 New
AWA
6
Authentikos Wealth Advisory
California
$899K -$128K -7,226 -12%
CWM
7
Centric Wealth Management
Illinois
$731K -$203K -11,410 -22%
Jane Street
8
Jane Street
New York
$659K +$354K +19,891 +111%
KA
9
Kovack Advisors
Florida
$192K
Morgan Stanley
10
Morgan Stanley
New York
$45K
QAM
11
Q3 Asset Management
Michigan
$486 +$496K +27,894 New
TI
12
Tidal Investments
Wisconsin
-$2.18M -121,411 Closed
FTUS
13
Flow Traders U.S.
New York
-$1.69M -93,864 Closed
Wells Fargo
14
Wells Fargo
California
-$719 -40 Closed
UBS Group
15
UBS Group
Switzerland
-$701 -39 Closed

FIAX Hedge Fund Activity: Q1 2026 in Review

11 of the 8,141 institutional investors tracked by Wall St. Rank reported a position in Nicholas Fixed Income Alternative ETF (FIAX) for Q1 2026, worth a combined $113M — down 12% from $129M a quarter earlier.

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

The largest buyer was ZEGA Investments, opening a new position worth an estimated $1.32M. The largest seller was SMART Wealth, cutting an estimated $7.73M.

  • 11 institutional investors held Nicholas Fixed Income Alternative ETF (FIAX) as of Q1 2026, down from 13 in Q4 2025.
  • Funds reported $113M of Nicholas Fixed Income Alternative ETF stock for Q1 2026, down 12% quarter-over-quarter.
  • 2 funds opened new Nicholas Fixed Income Alternative ETF positions in Q1 2026 and 4 closed out, a net change of -2 holders.
  • The largest Nicholas Fixed Income Alternative ETF buyer in Q1 2026 was ZEGA Investments, an estimated $1.32M added.
  • The largest Nicholas Fixed Income Alternative ETF seller in Q1 2026 was SMART Wealth, an estimated $7.73M sold.

Based on aggregated 13F filings for Q1 2026.