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Overlay Shares Large Cap Equity ETF
OVL

37 hedge funds and large institutions have $177M invested in Overlay Shares Large Cap Equity ETF in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

12% more capital invested

Capital invested by funds: $158M → $177M (+$18.7M)

6% more funds holding

Funds holding: 35 → 37 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8.43% less ownership

Funds ownership: 95.14% → 86.71% (-8.4%)

53% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 15

Holders
37
Holders Change
+2
Holders Change %
+5.71%
% of All Funds
0.5%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
8
Increased
7
Reduced
15
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AA
Armis Advisers
Georgia
+$55.6M
2
JP Morgan Chase
JP Morgan Chase
New York
+$2.94M
3
LPT
Legacy Private Trust
Wisconsin
+$1.66M
4
NS
NBC Securities
Alabama
+$620K
5
OMC
Old Mission Capital
Illinois
+$428K

Top Sellers

1
BCI
Brinker Capital Investments
Pennsylvania
-$1.57M
2
OPS
Orion Portfolio Solutions
Nebraska
-$1.57M
3
GS
GTS Securities
New York
-$1.26M
4
Raymond James Financial
Raymond James Financial
Florida
-$512K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$509K
Name Holding Trade Value Shares
Change 		Change in
Stake
GAG
26
GM Advisory Group
New York
$224K +$238K +5,104 New
SSB
27
Sandy Spring Bank
Maryland
$165K -$50.7K -1,087 -22%
Comerica Bank
28
Comerica Bank
Texas
$165K – – –
IA
29
IFP Advisors
Florida
$161K +$171K +3,667 New
AWM
30
AE Wealth Management
Kansas
$109K – – –
BHWM
31
Beaird Harris Wealth Management
Texas
$97.2K – – –
Morgan Stanley
32
Morgan Stanley
New York
$90.1K -$11.7K -250 -11%
CA
33
CoreCap Advisors
Michigan
$65.8K +$70.1K +1,502 New
UBS Group
34
UBS Group
Switzerland
$33.6K +$35.8K +768 New
NWMP
35
Noble Wealth Management PBC
Colorado
$20.5K – – –
LC
36
Luminist Capital
Michigan
$16.9K – – –
HNB
37
Huntington National Bank
Ohio
$8.1K – – –
Bessemer Group
38
Bessemer Group
New Jersey
$3K +$3.5K +75 New
GS
39
GTS Securities
New York
– -$1.26M -26,915 Closed
Jane Street
40
Jane Street
New York
– -$274K -5,867 Closed
LPL Financial
41
LPL Financial
California
– -$231K -4,960 Closed
Goldman Sachs
42
Goldman Sachs
New York
– -$208K -4,460 Closed
CFGS
43
Concourse Financial Group Securities
Alabama
– -$25.6K -529 Closed
1
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OVL Hedge Fund Activity: Q1 2025 in Review

37 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Overlay Shares Large Cap Equity ETF (OVL) for Q1 2025, worth a combined $177M — up 12% from $158M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new OVL positions and 5 closed out — a net gain of 3 holders — while 7 added to existing stakes and 15 trimmed.

The largest buyer was Armis Advisers, adding an estimated $55.6M. The largest seller was Brinker Capital Investments, cutting an estimated $1.57M.

  • 37 institutional investors held Overlay Shares Large Cap Equity ETF (OVL) as of Q1 2025, up from 35 in Q4 2024.
  • Funds reported $177M of Overlay Shares Large Cap Equity ETF stock for Q1 2025, up 12% quarter-over-quarter.
  • 8 funds opened new Overlay Shares Large Cap Equity ETF positions in Q1 2025 and 5 closed out, a net change of +3 holders.
  • The largest Overlay Shares Large Cap Equity ETF buyer in Q1 2025 was Armis Advisers, an estimated $55.6M added.
  • The largest Overlay Shares Large Cap Equity ETF seller in Q1 2025 was Brinker Capital Investments, an estimated $1.57M sold.

Based on aggregated 13F filings for Q1 2025.