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First Trust Innovation Leaders ETF
ILDR

80 hedge funds and large institutions have $173M invested in First Trust Innovation Leaders ETF in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 37 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 6

147% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 15

40% more capital invested

Capital invested by funds: $124M → $173M (+$49.2M)

18% more funds holding

Funds holding: 68 → 80 (+12)

0.32% less ownership

Funds ownership: 80.41% → 80.09% (-0.32%)

Holders
80
Holders Change
+12
Holders Change %
+17.65%
% of All Funds
0.97%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
37
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$14.9M
2
Citadel Advisors
Citadel Advisors
Florida
+$12.9M
3
M1FG
Mach-1 Financial Group
Arkansas
+$4.05M
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$2.18M
5
MWM
Maridea Wealth Management
New York
+$2M

Top Sellers

Rank Fund Capital Flow
1
FTUS
Flow Traders U.S.
New York
-$2.38M
2
HAS
HBW Advisory Services
California
-$811K
3
Jane Street
Jane Street
New York
-$711K
4
PFS
Prospera Financial Services
Texas
-$382K
5
KCFA
Key Client Fiduciary Advisors
New Jersey
-$257K
Name Holding Trade Value Shares
Change 		Change in
Stake
SW
51
Simplicity Wealth
New Jersey
$414K +$417K +12,553 New
PEWA
52
Pacific Excel Wealth Advisors
California
$410K +$412K +12,418 New
GSIAS
53
Garden State Investment Advisory Services
New Jersey
$398K +$400K +12,050 New
GAA
54
Global Assets Advisory
Florida
$377K -$3.32K -100 -0.9%
NDSI
55
Newman Dignan & Sheerar Inc
Rhode Island
$330K +$9.92K +299 +3%
SAW
56
Signal Advisors Wealth
Michigan
$270K -$64.2K -1,936 -19%
MML Investors Services
57
MML Investors Services
Massachusetts
$243K -$216K -6,519 -47%
TSMHT
58
Thurston Springer Miller Herd & Titak
Indiana
$240K +$124K +3,730 +105%
DWP
59
Daymark Wealth Partners
Ohio
$227K +$228K +6,877 New
TWM
60
Triton Wealth Management
Arizona
$225K +$234K +7,044 New
AWA
61
Arkadios Wealth Advisors
Georgia
$218K -$29.8K -898 -12%
Comerica Bank
62
Comerica Bank
Texas
$148K – – –
Bank of America
63
Bank of America
North Carolina
$92.2K – – –
KFAS
64
Keating Financial Advisory Services
Kansas
$44.3K +$44.5K +1,342 New
KFI
65
Key Financial Inc
Pennsylvania
$40.9K – – –
SIS
66
Sound Income Strategies
Florida
$40.1K +$39.5K +1,191 New
TCM
67
Triumph Capital Management
Colorado
$33K +$33.2K +1,000 New
Carson Wealth (CWM LLC)
68
Carson Wealth (CWM LLC)
Nebraska
$28K – – –
Fifth Third Bancorp
69
Fifth Third Bancorp
Ohio
$21.5K – – –
SAM
70
Smartleaf Asset Management
Massachusetts
$20.2K +$20.1K +606 New
CIAS
71
Capital Investment Advisory Services
North Carolina
$20K +$20.1K +606 New
SEP
72
Signature Equity Partners
Ohio
$12.2K +$12.2K +369 New
OSAM
73
O'Shaughnessy Asset Management
Connecticut
$10.1K – – –
TWC
74
TD Waterhouse Canada
Ontario, Canada
$9.72K +$9.82K +296 New
NWMP
75
Noble Wealth Management PBC
Colorado
$9.07K – – –
1 2
3
4

ILDR Hedge Fund Activity: Q4 2025 in Review

80 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Trust Innovation Leaders ETF (ILDR) for Q4 2025, worth a combined $173M — up 40% from $124M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new ILDR positions and 6 closed out — a net gain of 12 holders — while 37 added to existing stakes and 15 trimmed.

The largest buyer was LPL Financial, adding an estimated $14.9M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $2.38M sold.

  • 80 institutional investors held First Trust Innovation Leaders ETF (ILDR) as of Q4 2025, up from 68 in Q3 2025.
  • Funds reported $173M of First Trust Innovation Leaders ETF stock for Q4 2025, up 40% quarter-over-quarter.
  • 18 funds opened new First Trust Innovation Leaders ETF positions in Q4 2025 and 6 closed out, a net change of +12 holders.
  • The largest First Trust Innovation Leaders ETF buyer in Q4 2025 was LPL Financial, an estimated $14.9M added.
  • The largest First Trust Innovation Leaders ETF seller in Q4 2025 was Flow Traders U.S., an estimated $2.38M sold.

Based on aggregated 13F filings for Q4 2025.