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First Trust Water ETF
FIW

297 hedge funds and large institutions have $866M invested in First Trust Water ETF in 2025 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 113 increasing their positions, 92 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 19

23% more repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 92

0.63% more ownership

Funds ownership: 49.6% → 50.23% (+0.63%)

0% more funds holding

Funds holding: 296 → 297 (+1)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less capital invested

Capital invested by funds: $882M → $866M (-$16.2M)

Holders
297
Holders Change
+1
Holders Change %
+0.34%
% of All Funds
3.98%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
26
Increased
113
Reduced
92
Closed
19
Calls
$493K
Puts
–
Net Calls
+$493K
Net Calls Change
+$1.15M

Top Buyers

Rank Fund Capital Flow
1
Raymond James Financial
Raymond James Financial
Florida
+$4.28M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$3.46M
3
LPL Financial
LPL Financial
California
+$3.32M
4
Citadel Advisors
Citadel Advisors
Florida
+$2.92M
5
AAS
Ameritas Advisory Services
Nebraska
+$2.63M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$11.1M
2
Wells Fargo
Wells Fargo
California
-$5.7M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$3.83M
4
AAS
Avantax Advisory Services
Texas
-$3.5M
5
GIA
Gladstone Institutional Advisory
Florida
-$3.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
AWA
151
Arkadios Wealth Advisors
Georgia
$515K +$23.3K +225 +5%
KWM
152
Kingsview Wealth Management
Oregon
$506K -$3.62K -35 -0.7%
Goldman Sachs
153
Goldman Sachs
New York
$498K -$961K -9,295 -65%
RZH
154
Relyea Zuckerberg Hanson
Connecticut
$497K -$100K -968 -16%
GSIAS
155
Garden State Investment Advisory Services
New Jersey
$489K -$7.24K -70 -1%
KNW
156
Kesler Norman & Wride
Utah
$487K -$952K -9,211 -66%
FFS
157
Founders Financial Securities
Maryland
$481K +$498K +4,814 New
PS
158
Principal Securities
Iowa
$476K – – –
BMCM
159
Bryn Mawr Capital Management
Pennsylvania
$474K -$24.2K -234 -5%
ASN
160
Advisory Services Network
Georgia
$474K +$48.7K +471 +11%
WCFA
161
Walkner Condon Financial Advisors
Wisconsin
$471K +$2.69K +26 +0.6%
Brown Advisory
162
Brown Advisory
Maryland
$453K – – –
AA
163
Armis Advisers
Georgia
$444K +$454K +4,394 New
DCM
164
Delta Capital Management
New Jersey
$443K – – –
WE
165
Wealth Effects
Massachusetts
$426K – – –
GIA
166
Gladstone Institutional Advisory
Florida
$421K -$3.2M -31,009 -88%
Two Sigma Investments
167
Two Sigma Investments
New York
$413K +$424K +4,100 New
NB
168
NBT Bank
New York
$408K – – –
KFS
169
Kaizen Financial Strategies
California
$394K -$20.3K -196 -5%
HIIFS
170
Harel Insurance Investments & Financial Services
Israel
$388K +$26.9K +260 +7%
JCM
171
Jacobi Capital Management
Pennsylvania
$385K +$413 +4 +0.1%
TA
172
TruWealth Advisors
Louisiana
$385K +$413 +4 +0.1%
SAI
173
Savvy Advisors Inc
New York
$384K – – –
KWM
174
KFG Wealth Management
Indiana
$377K +$3.62K +35 +0.9%
PNC Financial Services Group
175
PNC Financial Services Group
Pennsylvania
$368K – – –
5 6
7
8 9

FIW Hedge Fund Activity: Q1 2025 in Review

297 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in First Trust Water ETF (FIW) for Q1 2025, worth a combined $866M — down 1.8% from $882M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new FIW positions and 19 closed out — a net gain of 7 holders — while 113 added to existing stakes and 92 trimmed.

The largest buyer was Raymond James Financial, adding an estimated $4.28M. The largest seller was Morgan Stanley, cutting an estimated $11.1M.

  • 297 institutional investors held First Trust Water ETF (FIW) as of Q1 2025, up from 296 in Q4 2024.
  • Funds reported $866M of First Trust Water ETF stock for Q1 2025, down 1.8% quarter-over-quarter.
  • 26 funds opened new First Trust Water ETF positions in Q1 2025 and 19 closed out, a net change of +7 holders.
  • The largest First Trust Water ETF buyer in Q1 2025 was Raymond James Financial, an estimated $4.28M added.
  • The largest First Trust Water ETF seller in Q1 2025 was Morgan Stanley, an estimated $11.1M sold.

Based on aggregated 13F filings for Q1 2025.