LeaderShares AlphaFactor US Core Equity ETF
LSAF
24 hedge funds and large institutions have $93.1M invested in LeaderShares AlphaFactor US Core Equity ETF in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
5.6% more ownership
Funds ownership: 78.65% → 84.25% (+5.6%)
4% more funds holding
Funds holding: 23 → 24 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
12% less capital invested
Capital invested by funds: $106M → $93.1M (-$12.5M)
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$797K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$383K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$320K |
| 4 |
VA
VestGen Advisors
Inverness,
Illinois
|
+$310K |
| 5 |
Goldman Sachs
New York
|
+$158K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mariner
Overland Park,
Kansas
|
-$5.73M |
| 2 |
LPL Financial
San Diego,
California
|
-$4M |
| 3 |
RIM
Redwood Investment Management
Scottsdale,
Arizona
|
-$2.04M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.4M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$900K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$900K | -20,131 | Closed |
|
27
Envestnet Asset Management
Chicago,
Illinois
| – | -$389K | -8,706 | Closed |
|
|
WANY
28
Wealthspire Advisors (New York)
New York
| – | -$114K | -2,556 | Closed |
|
29
Morgan Stanley
New York
| – | -$40.6K | -908 | Closed |
|
|
WWA
30
Wealth Watch Advisors
Englewood,
Colorado
| – | -$20.7K | -463 | Closed |
|
LSAF Hedge Fund Activity: Q4 2025 in Review
24 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in LeaderShares AlphaFactor US Core Equity ETF (LSAF) for Q4 2025, worth a combined $93.1M — down 12% from $106M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new LSAF positions and 6 closed out — a net gain of 1 holder — while 4 added to existing stakes and 9 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $797K. The largest seller was Mariner, exiting entirely with an estimated $5.73M sold.
- 24 institutional investors held LeaderShares AlphaFactor US Core Equity ETF (LSAF) as of Q4 2025, up from 23 in Q3 2025.
- Funds reported $93.1M of LeaderShares AlphaFactor US Core Equity ETF stock for Q4 2025, down 12% quarter-over-quarter.
- 7 funds opened new LeaderShares AlphaFactor US Core Equity ETF positions in Q4 2025 and 6 closed out, a net change of +1 holder.
- The largest LeaderShares AlphaFactor US Core Equity ETF buyer in Q4 2025 was Jane Street, an estimated $797K added.
- The largest LeaderShares AlphaFactor US Core Equity ETF seller in Q4 2025 was Mariner, an estimated $5.73M sold.
Based on aggregated 13F filings for Q4 2025.