Cambria Tail Risk ETF
TAIL
53 hedge funds and large institutions have $213M invested in Cambria Tail Risk ETF in 2022 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 23 reducing their positions, and 19 closing their positions.
440% more call options, than puts
Call options by funds: $81K | Put options by funds: $15K
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
13.12% less ownership
Funds ownership: 64.1% → 50.98% (-13%)
17% less funds holding
Funds holding: 64 → 53 (-11)
26% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 23
31% less capital invested
Capital invested by funds: $310M → $213M (-$96.7M)
58% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$7.14M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$6M |
| 3 |
CIM
Cambria Investment Management
Manhattan Beach,
California
|
+$5.83M |
| 4 |
LPL Financial
San Diego,
California
|
+$5.35M |
| 5 |
TF
Trek Financial
Scottsdale,
Arizona
|
+$4.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAG
Goodman Advisory Group
Needham,
Massachusetts
|
-$42.6M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$21.8M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$13.4M |
| 4 |
BPWM
Badgley Phelps Wealth Managers
Seattle,
Washington
|
-$11.5M |
| 5 |
ARC
Advisor Resource Council
Dallas,
Texas
|
-$9.05M |
TAIL Hedge Fund Activity: Q3 2022 in Review
53 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Cambria Tail Risk ETF (TAIL) for Q3 2022, worth a combined $213M — down 31% from $310M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of TAIL and 8 opened new positions — a net loss of 11 holders — while 23 trimmed existing stakes and 17 added.
The largest buyer was HighTower Advisors, opening a new position worth an estimated $7.14M. The largest seller was Goodman Advisory Group, cutting an estimated $42.6M.
- 53 institutional investors held Cambria Tail Risk ETF (TAIL) as of Q3 2022, down from 64 in Q2 2022.
- Funds reported $213M of Cambria Tail Risk ETF stock for Q3 2022, down 31% quarter-over-quarter.
- 8 funds opened new Cambria Tail Risk ETF positions in Q3 2022 and 19 closed out, a net change of -11 holders.
- The largest Cambria Tail Risk ETF buyer in Q3 2022 was HighTower Advisors, an estimated $7.14M added.
- The largest Cambria Tail Risk ETF seller in Q3 2022 was Goodman Advisory Group, an estimated $42.6M sold.
Based on aggregated 13F filings for Q3 2022.