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First Trust Long Duration Opportunities ETF
LGOV

125 hedge funds and large institutions have $540M invested in First Trust Long Duration Opportunities ETF in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 52 increasing their positions, 49 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

4.83% more ownership

Funds ownership: 77.26% → 82.1% (+4.8%)

6% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 49

1% less capital invested

Capital invested by funds: $544M → $540M (-$4.17M)

7% less funds holding

Funds holding: 135 → 125 (-10)

37% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 19

Holders
125
Holders Change
-10
Holders Change %
-7.41%
% of All Funds
1.64%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
12
Increased
52
Reduced
49
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$16.7M
2
SIM
Stratos Investment Management
Ohio
+$15.8M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$12.5M
4
IWC
Integrated Wealth Concepts
Massachusetts
+$5.18M
5
WCFA
Walkner Condon Financial Advisors
Wisconsin
+$2.99M

Top Sellers

1
BIG
Brookwood Investment Group
Arizona
-$10.9M
2
HI
Harbour Investments
Wisconsin
-$7.64M
3
Jane Street
Jane Street
New York
-$7.5M
4
HighTower Advisors
HighTower Advisors
Illinois
-$5.05M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$75.9M +$16.7M +776,336 +29%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$38.9M +$12.5M +583,971 +49%
Raymond James Financial
3
Raymond James Financial
Florida
$36.5M -$639K -29,747 -2%
CWM
4
Comprehensive Wealth Management
Washington
$31.6M -$2.76M -128,671 -8%
Morgan Stanley
5
Morgan Stanley
New York
$25.4M +$947K +44,110 +4%
FEG
6
Financial Enhancement Group
Indiana
$23.4M -$2M -93,173 -8%
GWM
7
GDS Wealth Management
Texas
$23.3M +$1.21M +56,399 +6%
CAG
8
Csenge Advisory Group
Florida
$20M +$343K +15,959 +2%
Cambridge Investment Research Advisors
9
Cambridge Investment Research Advisors
Iowa
$17.5M -$618K -28,783 -3%
SIM
10
Stratos Investment Management
Ohio
$16M +$15.8M +735,206 New
MFGM
11
Marshall Financial Group (Maryland)
Maryland
$15M +$148K +6,890 +1%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$14.8M +$909K +42,365 +7%
WCFA
13
Walkner Condon Financial Advisors
Wisconsin
$14.7M +$2.99M +139,332 +26%
SI
14
Stephens Inc
Arkansas
$14.2M +$300K +13,998 +2%
IWC
15
Integrated Wealth Concepts
Massachusetts
$13.7M +$5.18M +241,238 +62%
HighTower Advisors
16
HighTower Advisors
Illinois
$13.3M -$5.05M -235,288 -28%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$11.5M +$367K +17,117 +3%
Cetera Investment Advisers
18
Cetera Investment Advisers
Illinois
$9.28M +$2.54M +118,107 +38%
AFS
19
Anderson Financial Strategies
Ohio
$7.05M +$648K +30,200 +10%
Osaic Holdings
20
Osaic Holdings
Arizona
$6.44M -$929K -43,263 -13%
AI
21
Arvest Investments
Arkansas
$6.2M +$765K +35,648 +14%
FFA
22
Farther Finance Advisors
California
$5.21M +$86.8K +4,043 +2%
MFN
23
Midwest Financial Network
Illinois
$5.01M +$662K +30,829 +15%
NA
24
NewEdge Advisors
Louisiana
$4.89M -$263K -12,271 -5%
P
25
&Partners
Tennessee
$4.88M -$739K -34,425 -13%
1
2 3 4 5

LGOV Hedge Fund Activity: Q3 2025 in Review

125 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in First Trust Long Duration Opportunities ETF (LGOV) for Q3 2025, worth a combined $540M — down 0.77% from $544M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of LGOV and 12 opened new positions — a net loss of 7 holders — while 49 trimmed existing stakes and 52 added.

The largest buyer was LPL Financial, adding an estimated $16.7M. The largest seller was Brookwood Investment Group, exiting entirely with an estimated $10.9M sold.

  • 125 institutional investors held First Trust Long Duration Opportunities ETF (LGOV) as of Q3 2025, down from 135 in Q2 2025.
  • Funds reported $540M of First Trust Long Duration Opportunities ETF stock for Q3 2025, down 0.77% quarter-over-quarter.
  • 12 funds opened new First Trust Long Duration Opportunities ETF positions in Q3 2025 and 19 closed out, a net change of -7 holders.
  • The largest First Trust Long Duration Opportunities ETF buyer in Q3 2025 was LPL Financial, an estimated $16.7M added.
  • The largest First Trust Long Duration Opportunities ETF seller in Q3 2025 was Brookwood Investment Group, an estimated $10.9M sold.

Based on aggregated 13F filings for Q3 2025.