Cambria Tail Risk ETF
TAIL
40 hedge funds and large institutions have $47.4M invested in Cambria Tail Risk ETF in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 14 reducing their positions, and 18 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11.66% less ownership
Funds ownership: 60.48% → 48.82% (-12%)
14% less call options, than puts
Call options by funds: $70K | Put options by funds: $81K
20% less funds holding
Funds holding: 50 → 40 (-10)
43% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 14
51% less capital invested
Capital invested by funds: $96.3M → $47.4M (-$48.9M)
56% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFG
Citizens Financial Group
Providence,
Rhode Island
|
+$10M |
| 2 |
ARC
Advisor Resource Council
Dallas,
Texas
|
+$916K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$357K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$327K |
| 5 |
CWM
Centric Wealth Management
Chicago,
Illinois
|
+$248K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$34.4M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$10.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.38M |
| 4 |
SIA
Soltis Investment Advisors
St. George,
Utah
|
-$2.23M |
| 5 |
BOSSRA
B.O.S.S. Retirement Advisors
Lehi,
Utah
|
-$1.83M |
TAIL Hedge Fund Activity: Q4 2023 in Review
40 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Cambria Tail Risk ETF (TAIL) for Q4 2023, worth a combined $47.4M — down 51% from $96.3M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of TAIL and 8 opened new positions — a net loss of 10 holders — while 14 trimmed existing stakes and 8 added.
The largest buyer was Citizens Financial Group, opening a new position worth an estimated $10M. The largest seller was AE Wealth Management, cutting an estimated $34.4M.
- 40 institutional investors held Cambria Tail Risk ETF (TAIL) as of Q4 2023, down from 50 in Q3 2023.
- Funds reported $47.4M of Cambria Tail Risk ETF stock for Q4 2023, down 51% quarter-over-quarter.
- 8 funds opened new Cambria Tail Risk ETF positions in Q4 2023 and 18 closed out, a net change of -10 holders.
- The largest Cambria Tail Risk ETF buyer in Q4 2023 was Citizens Financial Group, an estimated $10M added.
- The largest Cambria Tail Risk ETF seller in Q4 2023 was AE Wealth Management, an estimated $34.4M sold.
Based on aggregated 13F filings for Q4 2023.