First Trust Multi-Strategy Alternative ETF
LALT
19 hedge funds and large institutions have $29.7M invested in First Trust Multi-Strategy Alternative ETF in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 0 closing their positions.
533% more capital inflows, than outflows
Capital inflows: $8.99M | Capital outflows: $1.42M
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
36% more funds holding
Funds holding: 14 → 19 (+5)
28.71% more ownership
Funds ownership: 84.54% → 113.25% (+29%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$2.53M |
| 2 |
Holistic Financial Partners
Indianapolis,
Indiana
|
+$1.5M |
| 3 |
OneDigital Investment Advisors
Overland Park,
Kansas
|
+$1.08M |
| 4 |
Farther Finance Advisors
San Francisco,
California
|
+$711K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$646K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.4M |
| 2 |
Dynamic Advisor Solutions
Phoenix,
Arizona
|
-$14.7K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$6.68K |
LALT Hedge Fund Activity: Q4 2025 in Review
19 of the 8,307 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi-Strategy Alternative ETF (LALT) for Q4 2025, worth a combined $29.7M — up 34% from $22.1M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new LALT positions and 0 closed out — a net gain of 5 holders — while 8 added to existing stakes and 3 trimmed.
The largest buyer was Commonwealth Equity Services, adding an estimated $2.53M. The largest seller was Envestnet Asset Management, cutting an estimated $1.4M.
- 19 institutional investors held First Trust Multi-Strategy Alternative ETF (LALT) as of Q4 2025, up from 14 in Q3 2025.
- Funds reported $29.7M of First Trust Multi-Strategy Alternative ETF stock for Q4 2025, up 34% quarter-over-quarter.
- 5 funds opened new First Trust Multi-Strategy Alternative ETF positions in Q4 2025 and 0 closed out, a net change of +5 holders.
- The largest First Trust Multi-Strategy Alternative ETF buyer in Q4 2025 was Commonwealth Equity Services, an estimated $2.53M added.
- The largest First Trust Multi-Strategy Alternative ETF seller in Q4 2025 was Envestnet Asset Management, an estimated $1.4M sold.
Based on aggregated 13F filings for Q4 2025.