First Trust Indxx Aerospace & Defense ETF
MISL
96 hedge funds and large institutions have $1.2B invested in First Trust Indxx Aerospace & Defense ETF in 2025 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 33 increasing their positions, 15 reducing their positions, and 3 closing their positions.
1,267% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 3
784% more capital invested
Capital invested by funds: $135M → $1.2B (+$1.06B)
120% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 15
66% more funds holding
Funds holding: 58 → 96 (+38)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
27.06% more ownership
Funds ownership: 66.09% → 93.16% (+27%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$780M |
| 2 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$117M |
| 3 |
NP
Nilsine Partners
Greenwood Village,
Colorado
|
+$21.9M |
| 4 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$18.4M |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$17.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$971K |
| 3 |
HF
HRT Financial
New York
|
-$558K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$548K |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$286K |
MISL Hedge Fund Activity: Q4 2025 in Review
96 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in First Trust Indxx Aerospace & Defense ETF (MISL) for Q4 2025, worth a combined $1.2B — up 784% from $135M a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new MISL positions and 3 closed out — a net gain of 38 holders — while 33 added to existing stakes and 15 trimmed.
The largest buyer was First Trust Advisors, opening a new position worth an estimated $780M. The largest seller was Osaic Holdings, cutting an estimated $3.1M.
- 96 institutional investors held First Trust Indxx Aerospace & Defense ETF (MISL) as of Q4 2025, up from 58 in Q3 2025.
- Funds reported $1.2B of First Trust Indxx Aerospace & Defense ETF stock for Q4 2025, up 784% quarter-over-quarter.
- 41 funds opened new First Trust Indxx Aerospace & Defense ETF positions in Q4 2025 and 3 closed out, a net change of +38 holders.
- The largest First Trust Indxx Aerospace & Defense ETF buyer in Q4 2025 was First Trust Advisors, an estimated $780M added.
- The largest First Trust Indxx Aerospace & Defense ETF seller in Q4 2025 was Osaic Holdings, an estimated $3.1M sold.
Based on aggregated 13F filings for Q4 2025.