First Trust Multi-Strategy Alternative ETF
LALT
25 hedge funds and large institutions have $39.9M invested in First Trust Multi-Strategy Alternative ETF in 2026 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 4 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
175% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 4
34% more capital invested
Capital invested by funds: $29.7M → $39.9M (+$10.2M)
32% more funds holding
Funds holding: 19 → 25 (+6)
5.66% less ownership
Funds ownership: 89.82% → 84.15% (-5.7%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.69M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.17M |
| 3 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$836K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$774K |
| 5 |
HFP
Holistic Financial Partners
Indianapolis,
Indiana
|
+$640K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$428K |
| 2 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
-$103K |
| 3 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$63.5K |
| 4 |
VDC
Van Diest Capital
Poly City,
Iowa
|
-$33.6K |
| 5 |
ACMA
Arbor Capital Management (Alaska)
Anchorage,
Alaska
|
-$4.03K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Citadel Advisors
Miami,
Florida
| – | -$428K | -18,795 | Closed |
|
LALT Hedge Fund Activity: Q1 2026 in Review
25 of the 8,146 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi-Strategy Alternative ETF (LALT) for Q1 2026, worth a combined $39.9M — up 34% from $29.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new LALT positions and 1 closed out — a net gain of 6 holders — while 11 added to existing stakes and 4 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $2.69M. The largest seller was Citadel Advisors, exiting entirely with an estimated $428K sold.
- 25 institutional investors held First Trust Multi-Strategy Alternative ETF (LALT) as of Q1 2026, up from 19 in Q4 2025.
- Funds reported $39.9M of First Trust Multi-Strategy Alternative ETF stock for Q1 2026, up 34% quarter-over-quarter.
- 7 funds opened new First Trust Multi-Strategy Alternative ETF positions in Q1 2026 and 1 closed out, a net change of +6 holders.
- The largest First Trust Multi-Strategy Alternative ETF buyer in Q1 2026 was Royal Bank of Canada, an estimated $2.69M added.
- The largest First Trust Multi-Strategy Alternative ETF seller in Q1 2026 was Citadel Advisors, an estimated $428K sold.
Based on aggregated 13F filings for Q1 2026.