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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Armis Advisers
Atlanta,
Georgia
|
+$13.9M |
| 2 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
+$1.82M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.78M |
| 4 |
SCM
Shelton Capital Management
Denver,
Colorado
|
+$1.44M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$452K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$896K |
| 2 |
EH
Equitable Holdings
New York
|
-$746K |
| 3 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$686K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$576K |
| 5 |
OA
Oasis Advisors
Forest City,
Iowa
|
-$563K |
OVL Hedge Fund Activity: Q1 2026 in Review
36 of the 8,191 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.