We are live on ! Find out more
OVL icon

Overlay Shares Large Cap Equity ETF
OVL

36 hedge funds and large institutions have $171M invested in Overlay Shares Large Cap Equity ETF in 2026 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $145M → $171M (+$26.4M)

13.02% more ownership

Funds ownership: 81.61% → 94.63% (+13%)

0% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 13

3% less funds holding

Funds holding: 37 → 36 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
36
Holders Change
-1
Holders Change %
-2.7%
% of All Funds
0.44%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
5
Increased
13
Reduced
13
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AA
Armis Advisers
Georgia
+$13.9M
2
AWM
Apollon Wealth Management
South Carolina
+$1.82M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.78M
4
SCM
Shelton Capital Management
Colorado
+$1.44M
5
OMC
Old Mission Capital
Illinois
+$452K

Top Sellers

1
HH
Hilltop Holdings
Texas
-$896K
2
EH
Equitable Holdings
New York
-$746K
3
BCI
Brinker Capital Investments
Pennsylvania
-$686K
4
Raymond James Financial
Raymond James Financial
Florida
-$576K
5
OA
Oasis Advisors
Iowa
-$563K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
1
Armis Advisers
Georgia
$115M +$13.9M +263,374 +15%
Envestnet Asset Management
2
Envestnet Asset Management
Illinois
$14.2M +$1.78M +33,659 +14%
Raymond James Financial
3
Raymond James Financial
Florida
$8.98M -$576K -10,878 -6%
LPT
4
Legacy Private Trust
Wisconsin
$4.34M +$55.9K +1,056 +1%
JP Morgan Chase
5
JP Morgan Chase
New York
$4.3M -$67.1K -1,268 -1%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$3.38M +$20.5K +387 +0.6%
EWM
7
Evolution Wealth Management
Florida
$2.11M -$58.7K -1,110 -3%
Janney Montgomery Scott
8
Janney Montgomery Scott
Pennsylvania
$1.86M -$54.6K -1,031 -3%
PAG
9
Private Advisor Group
New Jersey
$1.79M +$17.6K +332 +0.9%
JWWM
10
Johnson & White Wealth Management
Pennsylvania
$1.76M +$104K +1,958 +6%
SAM
11
Smartleaf Asset Management
Massachusetts
$1.73M +$12.1K +229 +0.6%
AWM
12
Apollon Wealth Management
South Carolina
$1.73M +$1.82M +34,450 New
SCM
13
Shelton Capital Management
Colorado
$1.36M +$1.44M +27,131 New
OMC
14
Old Mission Capital
Illinois
$747K +$452K +8,548 +136%
EH
15
Equitable Holdings
New York
$708K -$746K -14,099 -51%
LPL Financial
16
LPL Financial
California
$702K +$358K +6,759 +94%
NS
17
NBC Securities
Alabama
$625K -$8.73K -165 -1%
Stifel Financial
18
Stifel Financial
Missouri
$616K – – –
RFG
19
REAP Financial Group
Texas
$501K -$86.6K -1,636 -14%
LC
20
Luminist Capital
Michigan
$420K -$25.1K -474 -5%
BIG
21
Brooklyn Investment Group
New York
$414K +$436K +8,237 New
WC
22
Waterloo Capital
Texas
$393K -$69.9K -1,320 -14%
GS
23
GTS Securities
New York
$392K +$204K +3,862 +98%
Osaic Holdings
24
Osaic Holdings
Arizona
$383K -$53.7K -1,015 -12%
AWM
25
AE Wealth Management
Kansas
$363K -$132K -2,490 -26%
1
2

OVL Hedge Fund Activity: Q1 2026 in Review

36 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Overlay Shares Large Cap Equity ETF (OVL) for Q1 2026, worth a combined $171M — up 18% from $145M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of OVL and 5 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 13 added.

The largest buyer was Armis Advisers, adding an estimated $13.9M. The largest seller was Hilltop Holdings, exiting entirely with an estimated $896K sold.

  • 36 institutional investors held Overlay Shares Large Cap Equity ETF (OVL) as of Q1 2026, down from 37 in Q4 2025.
  • Funds reported $171M of Overlay Shares Large Cap Equity ETF stock for Q1 2026, up 18% quarter-over-quarter.
  • 5 funds opened new Overlay Shares Large Cap Equity ETF positions in Q1 2026 and 6 closed out, a net change of -1 holder.
  • The largest Overlay Shares Large Cap Equity ETF buyer in Q1 2026 was Armis Advisers, an estimated $13.9M added.
  • The largest Overlay Shares Large Cap Equity ETF seller in Q1 2026 was Hilltop Holdings, an estimated $896K sold.

Based on aggregated 13F filings for Q1 2026.