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Cambria Tail Risk ETF
TAIL

46 hedge funds and large institutions have $76.9M invested in Cambria Tail Risk ETF in 2025 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

105% more capital invested

Capital invested by funds: $37.5M → $76.9M (+$39.3M)

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

40% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 10

18% more funds holding

Funds holding: 39 → 46 (+7)

14.31% more ownership

Funds ownership: 37.55% → 51.86% (+14%)

93% less call options, than puts

Call options by funds: $38K | Put options by funds: $509K

Holders
46
Holders Change
+7
Holders Change %
+17.95%
% of All Funds
0.56%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
14
Increased
14
Reduced
10
Closed
7
Calls
$38K
Puts
$509K
Net Calls
-$471K
Net Calls Change
-$522K

Top Buyers

Rank Fund Capital Flow
1
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
+$16.6M
2
HighTower Advisors
HighTower Advisors
Illinois
+$12.4M
3
LPL Financial
LPL Financial
California
+$9.26M
4
Raymond James Financial
Raymond James Financial
Florida
+$2.15M
5
SC
Sierra Capital
Florida
+$1.43M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$5.83M
2
Goldman Sachs
Goldman Sachs
New York
-$823K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$551K
4
CFG
Citizens Financial Group
Rhode Island
-$479K
5
CWA
Continuum Wealth Advisors
New York
-$418K
Name Holding Trade Value Shares
Change 		Change in
Stake
P
26
&Partners
Tennessee
$171K -$56.4K -4,768 -23%
MML Investors Services
27
MML Investors Services
Massachusetts
$123K +$126K +10,680 New
PS
28
Principal Securities
Iowa
$116K +$79.9K +6,759 +202%
Bank of Montreal
29
Bank of Montreal
Ontario, Canada
$115K +$118K +10,000 New
CAL
30
Capital Analysts LLC
Pennsylvania
$60K – – –
GRP
31
Global Retirement Partners
California
$53.1K +$37.8K +3,196 +224%
AF
32
Advisornet Financial
Minnesota
$39.3K – – –
Simplex Trading
33
Simplex Trading
Illinois
$26K +$26.4K +2,229 +6,192%
AA
34
Ancora Advisors
Ohio
$23K – – –
NS
35
NBC Securities
Alabama
$23K +$23.6K +2,000 New
AWM
36
AE Wealth Management
Kansas
$10K -$1.89K -160 -15%
Morgan Stanley
37
Morgan Stanley
New York
$6.33K -$11.7K -992 -64%
TCM
38
Triumph Capital Management
Colorado
$3.45K +$3.55K +300 New
FHA
39
Flagship Harbor Advisors
Massachusetts
$3.03K +$3.11K +263 New
PA
40
Parallel Advisors
California
$2.93K – – –
Group One Trading
41
Group One Trading
Illinois
$1.15K – – –
FFA
42
Farther Finance Advisors
California
$126 +$130 +11 New
NWMP
43
Noble Wealth Management PBC
Colorado
$126 +$130 +11 New
LAS
44
Lloyd Advisory Services
Georgia
$101 +$106 +9 New
AF
45
Allworth Financial
California
$58 – – –
IA
46
IFP Advisors
Florida
$57 – – –
Goldman Sachs
47
Goldman Sachs
New York
– -$823K -69,554 Closed
CWA
48
Continuum Wealth Advisors
New York
– -$418K -35,314 Closed
GIA
49
Gladstone Institutional Advisory
Florida
– -$232K -19,570 Closed
LA
50
Lifeworks Advisors
Michigan
– -$215K -18,172 Closed
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TAIL Hedge Fund Activity: Q4 2025 in Review

46 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Cambria Tail Risk ETF (TAIL) for Q4 2025, worth a combined $76.9M — up 105% from $37.5M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new TAIL positions and 7 closed out — a net gain of 7 holders — while 14 added to existing stakes and 10 trimmed.

The largest buyer was Focus Partners Wealth, opening a new position worth an estimated $16.6M. The largest seller was Wells Fargo, cutting an estimated $5.83M.

  • 46 institutional investors held Cambria Tail Risk ETF (TAIL) as of Q4 2025, up from 39 in Q3 2025.
  • Funds reported $76.9M of Cambria Tail Risk ETF stock for Q4 2025, up 105% quarter-over-quarter.
  • 14 funds opened new Cambria Tail Risk ETF positions in Q4 2025 and 7 closed out, a net change of +7 holders.
  • The largest Cambria Tail Risk ETF buyer in Q4 2025 was Focus Partners Wealth, an estimated $16.6M added.
  • The largest Cambria Tail Risk ETF seller in Q4 2025 was Wells Fargo, an estimated $5.83M sold.

Based on aggregated 13F filings for Q4 2025.