First Trust Indxx Aerospace & Defense ETF
MISL
136 hedge funds and large institutions have $1.28B invested in First Trust Indxx Aerospace & Defense ETF in 2026 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 53 increasing their positions, 26 reducing their positions, and 7 closing their positions.
571% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 7
104% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 26
42% more funds holding
Funds holding: 96 → 136 (+40)
7% more capital invested
Capital invested by funds: $1.2B → $1.28B (+$82.1M)
4.36% less ownership
Funds ownership: 93.16% → 88.8% (-4.4%)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$55.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$39.7M |
| 3 |
LPL Financial
San Diego,
California
|
+$17.4M |
| 4 |
Morgan Stanley
New York
|
+$16.8M |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$16.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$188M |
| 2 |
KCFA
Key Client Fiduciary Advisors
Fairfield,
New Jersey
|
-$13.1M |
| 3 |
NP
Nilsine Partners
Greenwood Village,
Colorado
|
-$5.95M |
| 4 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$4.6M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$3.21M |
MISL Hedge Fund Activity: Q1 2026 in Review
136 of the 8,127 institutional investors tracked by Wall St. Rank reported a position in First Trust Indxx Aerospace & Defense ETF (MISL) for Q1 2026, worth a combined $1.28B — up 6.9% from $1.2B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new MISL positions and 7 closed out — a net gain of 40 holders — while 53 added to existing stakes and 26 trimmed.
The largest buyer was Harel Insurance Investments & Financial Services, adding an estimated $55.6M. The largest seller was First Trust Advisors, cutting an estimated $188M.
- 136 institutional investors held First Trust Indxx Aerospace & Defense ETF (MISL) as of Q1 2026, up from 96 in Q4 2025.
- Funds reported $1.28B of First Trust Indxx Aerospace & Defense ETF stock for Q1 2026, up 6.9% quarter-over-quarter.
- 47 funds opened new First Trust Indxx Aerospace & Defense ETF positions in Q1 2026 and 7 closed out, a net change of +40 holders.
- The largest First Trust Indxx Aerospace & Defense ETF buyer in Q1 2026 was Harel Insurance Investments & Financial Services, an estimated $55.6M added.
- The largest First Trust Indxx Aerospace & Defense ETF seller in Q1 2026 was First Trust Advisors, an estimated $188M sold.
Based on aggregated 13F filings for Q1 2026.