Horizon Expedition Plus ETF
HBTA
20 hedge funds and large institutions have $111M invested in Horizon Expedition Plus ETF in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 13 reducing their positions, and 3 closing their positions.
9% less funds holding
Funds holding: 22 → 20 (-2)
9.17% less ownership
Funds ownership: 62.15% → 52.98% (-9.2%)
13% less capital invested
Capital invested by funds: $127M → $111M (-$16M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
77% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$377K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$333K |
| 3 |
HAS
HBW Advisory Services
Simi Valley,
California
|
+$150K |
| 4 |
PS
Principal Securities
Des Moines,
Iowa
|
+$77.2K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$31.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$16.8M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.23M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$434K |
| 4 |
JP Morgan Chase
New York
|
-$333K |
| 5 |
Jane Street
New York
|
-$300K |
HBTA Hedge Fund Activity: Q4 2025 in Review
20 of the 8,281 institutional investors tracked by Wall St. Rank reported a position in Horizon Expedition Plus ETF (HBTA) for Q4 2025, worth a combined $111M — down 13% from $127M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of HBTA and 2 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 3 added.
The largest buyer was Cetera Investment Advisers, adding an estimated $377K. The largest seller was Bank of New York Mellon, cutting an estimated $16.8M.
- 20 institutional investors held Horizon Expedition Plus ETF (HBTA) as of Q4 2025, down from 22 in Q3 2025.
- Funds reported $111M of Horizon Expedition Plus ETF stock for Q4 2025, down 13% quarter-over-quarter.
- 2 funds opened new Horizon Expedition Plus ETF positions in Q4 2025 and 3 closed out, a net change of -1 holder.
- The largest Horizon Expedition Plus ETF buyer in Q4 2025 was Cetera Investment Advisers, an estimated $377K added.
- The largest Horizon Expedition Plus ETF seller in Q4 2025 was Bank of New York Mellon, an estimated $16.8M sold.
Based on aggregated 13F filings for Q4 2025.