TrueShares Structured Outcome November ETF
NOVZ
12 hedge funds and large institutions have $15.7M invested in TrueShares Structured Outcome November ETF in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 15 closing their positions.
6.94% more ownership
Funds ownership: 74.96% → 81.9% (+6.9%)
32% less capital invested
Capital invested by funds: $23.2M → $15.7M (-$7.5M)
54% less funds holding
Funds holding: 26 → 12 (-14)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
87% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 15
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
TrueMark Investments
Chicago,
Illinois
|
+$363K |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$286K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$67.7K |
| 4 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
+$16K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$4.88M |
| 2 |
LAS
Lloyd Advisory Services
Suwanee,
Georgia
|
-$1.58M |
| 3 |
BOSSRA
B.O.S.S. Retirement Advisors
Lehi,
Utah
|
-$917K |
| 4 |
HBS
Howard Bailey Securities
Fort Wayne,
Indiana
|
-$493K |
| 5 |
LI
LifeWealth Investments
Winter Garden,
Florida
|
-$478K |
NOVZ Hedge Fund Activity: Q3 2025 in Review
12 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in TrueShares Structured Outcome November ETF (NOVZ) for Q3 2025, worth a combined $15.7M — down 32% from $23.2M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NOVZ and 2 opened new positions — a net loss of 13 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was TrueMark Investments, adding an estimated $363K. The largest seller was AE Wealth Management, cutting an estimated $4.88M.
- 12 institutional investors held TrueShares Structured Outcome November ETF (NOVZ) as of Q3 2025, down from 26 in Q2 2025.
- Funds reported $15.7M of TrueShares Structured Outcome November ETF stock for Q3 2025, down 32% quarter-over-quarter.
- 2 funds opened new TrueShares Structured Outcome November ETF positions in Q3 2025 and 15 closed out, a net change of -13 holders.
- The largest TrueShares Structured Outcome November ETF buyer in Q3 2025 was TrueMark Investments, an estimated $363K added.
- The largest TrueShares Structured Outcome November ETF seller in Q3 2025 was AE Wealth Management, an estimated $4.88M sold.
Based on aggregated 13F filings for Q3 2025.