Nicholas Fixed Income Alternative ETF
FIAX
12 hedge funds and large institutions have $112M invested in Nicholas Fixed Income Alternative ETF in 2026 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 6 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
9% more funds holding
Funds holding: 11 → 12 (+1)
1.81% more ownership
Funds ownership: 83.04% → 84.85% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $114M → $112M (-$1.74M)
83% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$381K |
| 2 |
LC
Luminist Capital
Grand Rapids,
Michigan
|
+$42.2K |
| 3 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$10.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZI
ZEGA Investments
Palm Beach Gardens,
Florida
|
-$1.02M |
| 2 |
BCM
BluePath Capital Management
Atlanta,
Georgia
|
-$707K |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$526K |
| 4 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
-$486K |
| 5 |
Jane Street
New York
|
-$221K |
FIAX Hedge Fund Activity: Q2 2026 in Review
12 of the 8,339 institutional investors tracked by Wall St. Rank reported a position in Nicholas Fixed Income Alternative ETF (FIAX) for Q2 2026, worth a combined $112M — down 1.5% from $114M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new FIAX positions and 1 closed out — a net gain of 1 holder — while 1 added to existing stakes and 6 trimmed.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $381K. The largest seller was ZEGA Investments, cutting an estimated $1.02M.
- 12 institutional investors held Nicholas Fixed Income Alternative ETF (FIAX) as of Q2 2026, up from 11 in Q1 2026.
- Funds reported $112M of Nicholas Fixed Income Alternative ETF stock for Q2 2026, down 1.5% quarter-over-quarter.
- 2 funds opened new Nicholas Fixed Income Alternative ETF positions in Q2 2026 and 1 closed out, a net change of +1 holder.
- The largest Nicholas Fixed Income Alternative ETF buyer in Q2 2026 was Goldman Sachs, an estimated $381K added.
- The largest Nicholas Fixed Income Alternative ETF seller in Q2 2026 was ZEGA Investments, an estimated $1.02M sold.
Based on aggregated 13F filings for Q2 2026.