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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$14.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$12.9M |
| 3 |
M1FG
Mach-1 Financial Group
Rogers,
Arkansas
|
+$4.05M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$2.18M |
| 5 |
MWM
Maridea Wealth Management
Brooklyn,
New York
|
+$2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$2.38M |
| 2 |
HAS
HBW Advisory Services
Simi Valley,
California
|
-$811K |
| 3 |
Jane Street
New York
|
-$711K |
| 4 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$382K |
| 5 |
KCFA
Key Client Fiduciary Advisors
Fairfield,
New Jersey
|
-$257K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAP
76
Arax Advisory Partners
Denver,
Colorado
| $5.01K | +$5.04K | +152 | New |
|
|
AG
77
AmeriFlex Group
Las Vegas,
Nevada
| $4.95K | -$4.98K | -150 | -50% |
|
|
BWM
78
Bernard Wealth Management
Royal Oak,
Michigan
| $2.48K | – | – | – |
|
|
WWM
79
Wolff Wiese Magana
Carslbad,
California
| $1.45K | – | – | – |
|
|
CA
80
CoreCap Advisors
Southfield,
Michigan
| $462 | -$7.23K | -218 | -94% |
|
|
FTUS
81
Flow Traders U.S.
New York
| – | -$2.38M | -73,500 | Closed |
|
|
KCFA
82
Key Client Fiduciary Advisors
Fairfield,
New Jersey
| – | -$257K | -7,942 | Closed |
|
|
PA
83
PFG Advisors
Phoenix,
Arizona
| – | -$217K | -6,700 | Closed |
|
|
TA
84
TFB Advisors
Overland Park,
Kansas
| – | -$209K | -6,275 | Closed |
|
|
ASN
85
Advisory Services Network
Atlanta,
Georgia
| – | -$17.3K | -535 | Closed |
|
86
Morgan Stanley
New York
| – | -$2.66K | -82 | Closed |
|
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.