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Swan Hedged Equity US Large Cap ETF
HEGD

63 hedge funds and large institutions have $335M invested in Swan Hedged Equity US Large Cap ETF in 2025 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 16 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 16

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

20% more capital invested

Capital invested by funds: $279M → $335M (+$56.6M)

1.75% more ownership

Funds ownership: 76.96% → 78.71% (+1.8%)

10% less funds holding

Funds holding: 70 → 63 (-7)

43% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 14

Holders
63
Holders Change
-7
Holders Change %
-10%
% of All Funds
0.83%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.09%
New
8
Increased
27
Reduced
16
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NA
NewEdge Advisors
Louisiana
+$14.3M
2
BIP
Blueprint Investment Partners
North Carolina
+$12.4M
3
BFA
Blueprint Financial Advisors
North Carolina
+$4.84M
4
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
+$3.4M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$3.31M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$1.66M
2
Envestnet Portfolio Solutions
Envestnet Portfolio Solutions
Illinois
-$1.48M
3
AWS
Atria Wealth Solutions
New York
-$1.34M
4
LPL Financial
LPL Financial
California
-$1.07M
5
SGI
Swan Global Investments
Colorado
-$1M
Name Holding Trade Value Shares
Change 		Change in
Stake
AFP
26
Ausdal Financial Partners
Iowa
$994K -$37.1K -1,654 -4%
AWS
27
Atria Wealth Solutions
New York
$935K -$1.34M -59,672 -60%
BWMG
28
Barnes Wealth Management Group
California
$890K +$201K +8,941 +31%
MML Investors Services
29
MML Investors Services
Massachusetts
$830K +$159K +7,079 +25%
CCM
30
Chilton Capital Management
Texas
$799K – – –
RWM
31
Riverchase Wealth Management
Texas
$785K – – –
SEIA
32
Signature Estate & Investment Advisors
California
$724K -$2.49K -111 -0.4%
CAG
33
Csenge Advisory Group
Florida
$719K -$1.28K -57 -0.2%
PAG
34
Private Advisor Group
New Jersey
$583K -$59.5K -2,650 -10%
CW
35
CreativeOne Wealth
Kansas
$528K -$18.3K -817 -4%
FIM
36
Freedom Investment Management
Connecticut
$462K +$441K +19,661 New
Goldman Sachs
37
Goldman Sachs
New York
$394K +$376K +16,751 New
Envestnet Portfolio Solutions
38
Envestnet Portfolio Solutions
Illinois
$384K -$1.48M -65,968 -80%
Truist Financial
39
Truist Financial
North Carolina
$367K -$53.6K -2,390 -13%
PFG
40
Prosperity Financial Group
California
$364K +$128K +5,702 +58%
KAS
41
Kestra Advisory Services
Texas
$349K +$35.9K +1,601 +12%
IWC
42
Integrated Wealth Concepts
Massachusetts
$314K – – –
LSA
43
Lion Street Advisors
Texas
$295K +$46.9K +2,092 +20%
Wealth Enhancement Advisory Services
44
Wealth Enhancement Advisory Services
Minnesota
$274K +$259K +11,556 New
VT
45
Vise Technologies
New York
$272K +$259K +11,556 New
SPWG
46
Syntegra Private Wealth Group
Missouri
$259K – – –
HH
47
Hilltop Holdings
Texas
$221K +$211K +9,424 New
IWM
48
IHT Wealth Management
Illinois
$204K +$195K +8,700 New
GRP
49
Global Retirement Partners
California
$199K +$190K +8,450 New
CT
50
Colonial Trust
South Carolina
$191K +$119K +5,316 +187%
1
2
3 4

HEGD Hedge Fund Activity: Q2 2025 in Review

63 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Swan Hedged Equity US Large Cap ETF (HEGD) for Q2 2025, worth a combined $335M — up 20% from $279M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of HEGD and 8 opened new positions — a net loss of 6 holders — while 16 trimmed existing stakes and 27 added.

The largest buyer was NewEdge Advisors, adding an estimated $14.3M. The largest seller was Jane Street, exiting entirely with an estimated $1.66M sold.

  • 63 institutional investors held Swan Hedged Equity US Large Cap ETF (HEGD) as of Q2 2025, down from 70 in Q1 2025.
  • Funds reported $335M of Swan Hedged Equity US Large Cap ETF stock for Q2 2025, up 20% quarter-over-quarter.
  • 8 funds opened new Swan Hedged Equity US Large Cap ETF positions in Q2 2025 and 14 closed out, a net change of -6 holders.
  • The largest Swan Hedged Equity US Large Cap ETF buyer in Q2 2025 was NewEdge Advisors, an estimated $14.3M added.
  • The largest Swan Hedged Equity US Large Cap ETF seller in Q2 2025 was Jane Street, an estimated $1.66M sold.

Based on aggregated 13F filings for Q2 2025.