First Trust Multi-Strategy Alternative ETF
LALT
73 hedge funds and large institutions have $255M invested in First Trust Multi-Strategy Alternative ETF in 2026 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 16 increasing their positions, 5 reducing their positions, and 0 closing their positions.
540% more capital invested
Capital invested by funds: $39.9M → $255M (+$215M)
220% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 5
192% more funds holding
Funds holding: 25 → 73 (+48)
172.07% more ownership
Funds ownership: 84.15% → 256.22% (+172%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$49.1M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$47.5M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$19.6M |
| 4 |
T
Tidemark
San Diego,
California
|
+$15.5M |
| 5 |
AssetMark Inc
Concord,
California
|
+$13.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HFP
Holistic Financial Partners
Indianapolis,
Indiana
|
-$6.07M |
| 2 |
ACMA
Arbor Capital Management (Alaska)
Anchorage,
Alaska
|
-$69.8K |
| 3 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
-$36.9K |
| 4 |
Morgan Stanley
New York
|
-$9.63K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
-$74 |
LALT Hedge Fund Activity: Q2 2026 in Review
73 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi-Strategy Alternative ETF (LALT) for Q2 2026, worth a combined $255M — up 540% from $39.9M a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new LALT positions and 0 closed out — a net gain of 48 holders — while 16 added to existing stakes and 5 trimmed.
The largest buyer was LPL Financial, adding an estimated $49.1M. The largest seller was Holistic Financial Partners, cutting an estimated $6.07M.
- 73 institutional investors held First Trust Multi-Strategy Alternative ETF (LALT) as of Q2 2026, up from 25 in Q1 2026.
- Funds reported $255M of First Trust Multi-Strategy Alternative ETF stock for Q2 2026, up 540% quarter-over-quarter.
- 48 funds opened new First Trust Multi-Strategy Alternative ETF positions in Q2 2026 and 0 closed out, a net change of +48 holders.
- The largest First Trust Multi-Strategy Alternative ETF buyer in Q2 2026 was LPL Financial, an estimated $49.1M added.
- The largest First Trust Multi-Strategy Alternative ETF seller in Q2 2026 was Holistic Financial Partners, an estimated $6.07M sold.
Based on aggregated 13F filings for Q2 2026.