Cambria Tail Risk ETF
TAIL
48 hedge funds and large institutions have $140M invested in Cambria Tail Risk ETF in 2022 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 22 reducing their positions, and 14 closing their positions.
2.96% more ownership
Funds ownership: 50.98% → 53.94% (+3%)
9% less funds holding
Funds holding: 53 → 48 (-5)
34% less capital invested
Capital invested by funds: $213M → $140M (-$73.5M)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
36% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 22
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
+$14M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$11.5M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.27M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.85M |
| 5 |
Jane Street
New York
|
+$1.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAG
Goodman Advisory Group
Needham,
Massachusetts
|
-$35.6M |
| 2 |
CIM
Cambria Investment Management
Manhattan Beach,
California
|
-$13.7M |
| 3 |
OPCM
Osborne Partners Capital Management
San Francisco,
California
|
-$9.46M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$8.05M |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$5.81M |
TAIL Hedge Fund Activity: Q4 2022 in Review
48 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Cambria Tail Risk ETF (TAIL) for Q4 2022, worth a combined $140M — down 34% from $213M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TAIL and 9 opened new positions — a net loss of 5 holders — while 22 trimmed existing stakes and 14 added.
The largest buyer was Beaumont Financial Advisors, opening a new position worth an estimated $14M. The largest seller was Goodman Advisory Group, cutting an estimated $35.6M.
- 48 institutional investors held Cambria Tail Risk ETF (TAIL) as of Q4 2022, down from 53 in Q3 2022.
- Funds reported $140M of Cambria Tail Risk ETF stock for Q4 2022, down 34% quarter-over-quarter.
- 9 funds opened new Cambria Tail Risk ETF positions in Q4 2022 and 14 closed out, a net change of -5 holders.
- The largest Cambria Tail Risk ETF buyer in Q4 2022 was Beaumont Financial Advisors, an estimated $14M added.
- The largest Cambria Tail Risk ETF seller in Q4 2022 was Goodman Advisory Group, an estimated $35.6M sold.
Based on aggregated 13F filings for Q4 2022.