LeaderShares AlphaFactor Tactical Focused ETF
LSAT
25 hedge funds and large institutions have $61.9M invested in LeaderShares AlphaFactor Tactical Focused ETF in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 3 increasing their positions, 12 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
4.97% more ownership
Funds ownership: 80.04% → 85.01% (+5%)
4% more funds holding
Funds holding: 24 → 25 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
20% less capital invested
Capital invested by funds: $77M → $61.9M (-$15M)
75% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$761K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$706K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$398K |
| 4 |
BTI
Blue Trust Inc
Alpharetta,
Georgia
|
+$52.1K |
| 5 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$14.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mariner
Overland Park,
Kansas
|
-$3.23M |
| 2 |
LPL Financial
San Diego,
California
|
-$2.97M |
| 3 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
-$1.95M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.49M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$759K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Mariner
Overland Park,
Kansas
| – | -$3.23M | -78,064 | Closed |
|
|
27
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$759K | -18,348 | Closed |
|
28
Morgan Stanley
New York
| – | -$394K | -9,525 | Closed |
|
29
Envestnet Asset Management
Chicago,
Illinois
| – | -$218K | -5,268 | Closed |
|
|
YWM
30
Yardley Wealth Management
Yardley,
Pennsylvania
| – | -$216K | -5,211 | Closed |
|
|
WANY
31
Wealthspire Advisors (New York)
New York
| – | -$118K | -2,845 | Closed |
|
LSAT Hedge Fund Activity: Q4 2025 in Review
25 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in LeaderShares AlphaFactor Tactical Focused ETF (LSAT) for Q4 2025, worth a combined $61.9M — down 20% from $77M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new LSAT positions and 6 closed out — a net gain of 1 holder — while 3 added to existing stakes and 12 trimmed.
The largest buyer was Old Mission Capital, opening a new position worth an estimated $761K. The largest seller was Mariner, exiting entirely with an estimated $3.23M sold.
- 25 institutional investors held LeaderShares AlphaFactor Tactical Focused ETF (LSAT) as of Q4 2025, up from 24 in Q3 2025.
- Funds reported $61.9M of LeaderShares AlphaFactor Tactical Focused ETF stock for Q4 2025, down 20% quarter-over-quarter.
- 7 funds opened new LeaderShares AlphaFactor Tactical Focused ETF positions in Q4 2025 and 6 closed out, a net change of +1 holder.
- The largest LeaderShares AlphaFactor Tactical Focused ETF buyer in Q4 2025 was Old Mission Capital, an estimated $761K added.
- The largest LeaderShares AlphaFactor Tactical Focused ETF seller in Q4 2025 was Mariner, an estimated $3.23M sold.
Based on aggregated 13F filings for Q4 2025.