Overlay Shares Large Cap Equity ETF
OVL
33 hedge funds and large institutions have $221M invested in Overlay Shares Large Cap Equity ETF in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 6 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
25% more capital invested
Capital invested by funds: $177M → $221M (+$43.6M)
10.54% more ownership
Funds ownership: 86.71% → 97.24% (+11%)
11% less funds holding
Funds holding: 37 → 33 (-4)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
38% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Armis Advisers
Atlanta,
Georgia
|
+$21.4M |
| 2 |
EH
Equitable Holdings
New York
|
+$1.55M |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
+$368K |
| 4 |
LPL Financial
San Diego,
California
|
+$236K |
| 5 |
NB
Nicolet Bankshares
Green Bay,
Wisconsin
|
+$196K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$723K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$423K |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$402K |
| 4 |
LPT
Legacy Private Trust
Neenah,
Wisconsin
|
-$343K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$270K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FA
26
Fiduciary Alliance
Greenville,
South Carolina
| $245K | -$147K | -3,321 | -40% |
|
|
NB
27
Nicolet Bankshares
Green Bay,
Wisconsin
| $214K | +$196K | +4,425 | New |
|
|
AUB
28
Atlantic Union Bankshares
Glen Allen,
Virginia
| $183K | +$168K | +3,798 | New |
|
29
Comerica Bank
Dallas,
Texas
| $182K | – | – | – |
|
|
AWM
30
AE Wealth Management
Topeka,
Kansas
| $120K | – | – | – |
|
|
BHWM
31
Beaird Harris Wealth Management
Dallas,
Texas
| $107K | – | – | – |
|
32
Morgan Stanley
New York
| $99.4K | – | – | – |
|
|
LC
33
Luminist Capital
Grand Rapids,
Michigan
| $18.6K | – | – | – |
|
|
OMC
34
Old Mission Capital
Chicago,
Illinois
| – | -$402K | -9,172 | Closed |
|
|
35
Citadel Advisors
Miami,
Florida
| – | -$270K | -6,169 | Closed |
|
|
GAG
36
GM Advisory Group
Melville,
New York
| – | -$224K | -5,104 | Closed |
|
|
CA
37
CoreCap Advisors
Southfield,
Michigan
| – | -$65.8K | -1,502 | Closed |
|
38
UBS Group
Zurich,
Switzerland
| – | -$33.6K | -768 | Closed |
|
39
Bessemer Group
Woodbridge,
New Jersey
| – | -$3K | -75 | Closed |
|
OVL Hedge Fund Activity: Q2 2025 in Review
33 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Overlay Shares Large Cap Equity ETF (OVL) for Q2 2025, worth a combined $221M — up 25% from $177M 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 8 added.
The largest buyer was Armis Advisers, adding an estimated $21.4M. The largest seller was Brinker Capital Investments, cutting an estimated $723K.
- 33 institutional investors held Overlay Shares Large Cap Equity ETF (OVL) as of Q2 2025, down from 37 in Q1 2025.
- Funds reported $221M of Overlay Shares Large Cap Equity ETF stock for Q2 2025, up 25% quarter-over-quarter.
- 5 funds opened new Overlay Shares Large Cap Equity ETF positions in Q2 2025 and 6 closed out, a net change of -1 holder.
- The largest Overlay Shares Large Cap Equity ETF buyer in Q2 2025 was Armis Advisers, an estimated $21.4M added.
- The largest Overlay Shares Large Cap Equity ETF seller in Q2 2025 was Brinker Capital Investments, an estimated $723K sold.
Based on aggregated 13F filings for Q2 2025.