First Trust Equity Market Neutral ETF
NTRL
36 hedge funds and large institutions have $26.2M invested in First Trust Equity Market Neutral ETF in 2026 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 9 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
7% less capital invested
Capital invested by funds: $28M → $26.2M (-$1.88M)
10% less funds holding
Funds holding: 40 → 36 (-4)
11.13% less ownership
Funds ownership: 77.65% → 66.52% (-11%)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$3.11M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$2.71M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.74M |
| 4 |
LPL Financial
San Diego,
California
|
+$784K |
| 5 |
FWP
FAS Wealth Partners
Leawood,
Kansas
|
+$542K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OL
Owen LaRue
Elizabethtown,
Kentucky
|
-$3.55M |
| 2 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
-$1.92M |
| 3 |
AssetMark Inc
Concord,
California
|
-$1.85M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.67M |
| 5 |
CFAM
Center For Asset Management
Palm Beach Gardens,
Florida
|
-$739K |
NTRL Hedge Fund Activity: Q1 2026 in Review
36 of the 8,206 institutional investors tracked by Wall St. Rank reported a position in First Trust Equity Market Neutral ETF (NTRL) for Q1 2026, worth a combined $26.2M — down 6.7% from $28M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NTRL and 7 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 11 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $3.11M. The largest seller was Owen LaRue, cutting an estimated $3.55M.
- 36 institutional investors held First Trust Equity Market Neutral ETF (NTRL) as of Q1 2026, down from 40 in Q4 2025.
- Funds reported $26.2M of First Trust Equity Market Neutral ETF stock for Q1 2026, down 6.7% quarter-over-quarter.
- 7 funds opened new First Trust Equity Market Neutral ETF positions in Q1 2026 and 9 closed out, a net change of -2 holders.
- The largest First Trust Equity Market Neutral ETF buyer in Q1 2026 was Citadel Advisors, an estimated $3.11M added.
- The largest First Trust Equity Market Neutral ETF seller in Q1 2026 was Owen LaRue, an estimated $3.55M sold.
Based on aggregated 13F filings for Q1 2026.