LeaderShares AlphaFactor US Core Equity ETF
LSAF
23 hedge funds and large institutions have $130M invested in LeaderShares AlphaFactor US Core Equity ETF in 2023 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 6 closing their positions.
1.33% more ownership
Funds ownership: 89.89% → 91.22% (+1.3%)
10% less capital invested
Capital invested by funds: $144M → $130M (-$14.5M)
18% less funds holding
Funds holding: 28 → 23 (-5)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$4.5M |
| 2 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$755K |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$407K |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$114K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$97.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FD
Financial Designs
Claremont,
California
|
-$23.2M |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$4.69M |
| 3 |
Mariner
Overland Park,
Kansas
|
-$653K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$625K |
| 5 |
PIA
Perennial Investment Advisors
Los Angeles,
California
|
-$309K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
26
Claro Advisors
Boston,
Massachusetts
| – | -$280K | -8,843 | Closed |
|
|
GRP
27
Global Retirement Partners
San Rafael,
California
| – | -$220K | -7,077 | Closed |
|
28
UBS Group
Zurich,
Switzerland
| – | -$60.1K | -1,900 | Closed |
|
29
Bank of America
Charlotte,
North Carolina
| – | -$4.68K | -148 | Closed |
|
LSAF Hedge Fund Activity: Q4 2023 in Review
23 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in LeaderShares AlphaFactor US Core Equity ETF (LSAF) for Q4 2023, worth a combined $130M — down 10% from $144M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of LSAF and 1 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 7 added.
The largest buyer was LPL Financial, adding an estimated $4.5M. The largest seller was Financial Designs, exiting entirely with an estimated $23.2M sold.
- 23 institutional investors held LeaderShares AlphaFactor US Core Equity ETF (LSAF) as of Q4 2023, down from 28 in Q3 2023.
- Funds reported $130M of LeaderShares AlphaFactor US Core Equity ETF stock for Q4 2023, down 10% quarter-over-quarter.
- 1 fund opened new LeaderShares AlphaFactor US Core Equity ETF positions in Q4 2023 and 6 closed out, a net change of -5 holders.
- The largest LeaderShares AlphaFactor US Core Equity ETF buyer in Q4 2023 was LPL Financial, an estimated $4.5M added.
- The largest LeaderShares AlphaFactor US Core Equity ETF seller in Q4 2023 was Financial Designs, an estimated $23.2M sold.
Based on aggregated 13F filings for Q4 2023.