LeaderShares AlphaFactor Tactical Focused ETF
LSAT
24 hedge funds and large institutions have $127M invested in LeaderShares AlphaFactor Tactical Focused ETF in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 15 reducing their positions, and 6 closing their positions.
1.23% more ownership
Funds ownership: 89.38% → 90.61% (+1.2%)
11% less funds holding
Funds holding: 27 → 24 (-3)
27% less capital invested
Capital invested by funds: $174M → $127M (-$47M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
67% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$5.14M |
| 2 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
+$4.99M |
| 3 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$1.01M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$447K |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$319K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
Redwood Investment Management
Scottsdale,
Arizona
|
-$27M |
| 2 |
FD
Financial Designs
Claremont,
California
|
-$25.1M |
| 3 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$5.67M |
| 4 |
Mariner
Overland Park,
Kansas
|
-$1M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$850K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAS
26
Avantax Advisory Services
Dallas,
Texas
| – | -$5.67M | -169,341 | Closed |
|
27
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$473K | -14,123 | Closed |
|
|
CA
28
Claro Advisors
Boston,
Massachusetts
| – | -$318K | -9,497 | Closed |
|
|
GRP
29
Global Retirement Partners
San Rafael,
California
| – | -$258K | -7,877 | Closed |
|
30
Bank of America
Charlotte,
North Carolina
| – | -$6.13K | -183 | Closed |
|
LSAT Hedge Fund Activity: Q4 2023 in Review
24 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in LeaderShares AlphaFactor Tactical Focused ETF (LSAT) for Q4 2023, worth a combined $127M — down 27% from $174M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of LSAT and 3 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 5 added.
The largest buyer was LPL Financial, adding an estimated $5.14M. The largest seller was Redwood Investment Management, cutting an estimated $27M.
- 24 institutional investors held LeaderShares AlphaFactor Tactical Focused ETF (LSAT) as of Q4 2023, down from 27 in Q3 2023.
- Funds reported $127M of LeaderShares AlphaFactor Tactical Focused ETF stock for Q4 2023, down 27% quarter-over-quarter.
- 3 funds opened new LeaderShares AlphaFactor Tactical Focused ETF positions in Q4 2023 and 6 closed out, a net change of -3 holders.
- The largest LeaderShares AlphaFactor Tactical Focused ETF buyer in Q4 2023 was LPL Financial, an estimated $5.14M added.
- The largest LeaderShares AlphaFactor Tactical Focused ETF seller in Q4 2023 was Redwood Investment Management, an estimated $27M sold.
Based on aggregated 13F filings for Q4 2023.