First Trust Indxx Aerospace & Defense ETF
MISL
127 hedge funds and large institutions have $622M invested in First Trust Indxx Aerospace & Defense ETF in 2026 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 57 increasing their positions, 35 reducing their positions, and 29 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 35
7% less funds holding
Funds holding: 136 → 127 (-9)
11.82% less ownership
Funds ownership: 88.8% → 76.97% (-12%)
24% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 29
51% less capital invested
Capital invested by funds: $1.28B → $622M (-$658M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$62.2M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$10.8M |
| 3 |
TAP
Tounjian Advisory Partners
Fort Myers,
Florida
|
+$4.67M |
| 4 |
LPL Financial
San Diego,
California
|
+$3.55M |
| 5 |
BW
BIP Wealth
Atlanta,
Georgia
|
+$2.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$657M |
| 2 |
NP
Nilsine Partners
Greenwood Village,
Colorado
|
-$17.5M |
| 3 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$15.4M |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$15.4M |
| 5 |
P
&Partners
Nashville,
Tennessee
|
-$14M |
MISL Hedge Fund Activity: Q2 2026 in Review
127 of the 8,350 institutional investors tracked by Wall St. Rank reported a position in First Trust Indxx Aerospace & Defense ETF (MISL) for Q2 2026, worth a combined $622M — down 51% from $1.28B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of MISL and 22 opened new positions — a net loss of 7 holders — while 35 trimmed existing stakes and 57 added.
The largest buyer was Harel Insurance Investments & Financial Services, adding an estimated $62.2M. The largest seller was First Trust Advisors, exiting entirely with an estimated $657M sold.
- 127 institutional investors held First Trust Indxx Aerospace & Defense ETF (MISL) as of Q2 2026, down from 136 in Q1 2026.
- Funds reported $622M of First Trust Indxx Aerospace & Defense ETF stock for Q2 2026, down 51% quarter-over-quarter.
- 22 funds opened new First Trust Indxx Aerospace & Defense ETF positions in Q2 2026 and 29 closed out, a net change of -7 holders.
- The largest First Trust Indxx Aerospace & Defense ETF buyer in Q2 2026 was Harel Insurance Investments & Financial Services, an estimated $62.2M added.
- The largest First Trust Indxx Aerospace & Defense ETF seller in Q2 2026 was First Trust Advisors, an estimated $657M sold.
Based on aggregated 13F filings for Q2 2026.