First Trust Multi-Strategy Alternative ETF
LALT
14 hedge funds and large institutions have $22.1M invested in First Trust Multi-Strategy Alternative ETF in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 2 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
28% more capital invested
Capital invested by funds: $17.3M → $22.1M (+$4.82M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
1.14% less ownership
Funds ownership: 85.68% → 84.54% (-1.1%)
7% less funds holding
Funds holding: 15 → 14 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.83M |
| 2 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$271K |
| 3 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$227K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$130K |
| 5 |
ACMA
Arbor Capital Management (Alaska)
Anchorage,
Alaska
|
+$111K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$389K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$379K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$87K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$29.7K |
| 5 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
-$4.47K |
LALT Hedge Fund Activity: Q3 2025 in Review
14 of the 7,622 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi-Strategy Alternative ETF (LALT) for Q3 2025, worth a combined $22.1M — up 28% from $17.3M a quarter earlier.
Fund positioning in LALT was balanced in Q3 2025: 2 funds opened new positions, 2 closed out, 6 added to existing stakes and 3 trimmed.
The largest buyer was Royal Bank of Canada, opening a new position worth an estimated $3.83M. The largest seller was Citadel Advisors, exiting entirely with an estimated $389K sold.
- 14 institutional investors held First Trust Multi-Strategy Alternative ETF (LALT) as of Q3 2025, down from 15 in Q2 2025.
- Funds reported $22.1M of First Trust Multi-Strategy Alternative ETF stock for Q3 2025, up 28% quarter-over-quarter.
- 2 funds opened new First Trust Multi-Strategy Alternative ETF positions in Q3 2025 and 2 closed out, a net change of 0 holders.
- The largest First Trust Multi-Strategy Alternative ETF buyer in Q3 2025 was Royal Bank of Canada, an estimated $3.83M added.
- The largest First Trust Multi-Strategy Alternative ETF seller in Q3 2025 was Citadel Advisors, an estimated $389K sold.
Based on aggregated 13F filings for Q3 2025.