Cambria Tail Risk ETF
TAIL
50 hedge funds and large institutions have $106M invested in Cambria Tail Risk ETF in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 24 reducing their positions, and 10 closing their positions.
400% more call options, than puts
Call options by funds: $35K | Put options by funds: $7K
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
4% more funds holding
Funds holding: 48 → 50 (+2)
3.9% more ownership
Funds ownership: 53.94% → 57.83% (+3.9%)
24% less capital invested
Capital invested by funds: $140M → $106M (-$33.7M)
58% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 24
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$16.7M |
| 2 |
CFG
Citizens Financial Group
Providence,
Rhode Island
|
+$9.91M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$5.77M |
| 4 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
+$2.84M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$16.8M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$16.1M |
| 3 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
-$13.7M |
| 4 |
JCM
J2 Capital Management
Troy,
Michigan
|
-$5.4M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$4.85M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFA
51
Beaumont Financial Advisors
Needham,
Massachusetts
| – | -$13.7M | -892,548 | Closed |
|
|
JCM
52
J2 Capital Management
Troy,
Michigan
| – | -$5.4M | -353,250 | Closed |
|
|
OMC
53
Old Mission Capital
Chicago,
Illinois
| – | -$1.49M | -97,679 | Closed |
|
|
RIA
54
Regal Investment Advisors
Kentwood,
Michigan
| – | -$742K | -48,516 | Closed |
|
|
EE
55
EWG Elevate
Roseville,
California
| – | -$646K | -42,238 | Closed |
|
|
PFS
56
Prospera Financial Services
Dallas,
Texas
| – | -$284K | -18,556 | Closed |
|
57
Envestnet Asset Management
Chicago,
Illinois
| – | -$176K | -11,495 | Closed |
|
|
GAG
58
Goodman Advisory Group
Needham,
Massachusetts
| – | -$120K | -7,833 | Closed |
|
|
FA
59
Fiduciary Alliance
Greenville,
South Carolina
| – | -$19.2K | -1,252 | Closed |
|
60
Rockefeller Capital Management
New York
| – | -$15K | -1,000 | Closed |
|
TAIL Hedge Fund Activity: Q1 2023 in Review
50 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cambria Tail Risk ETF (TAIL) for Q1 2023, worth a combined $106M — down 24% from $140M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new TAIL positions and 10 closed out — a net gain of 2 holders — while 10 added to existing stakes and 24 trimmed.
The largest buyer was AE Wealth Management, adding an estimated $16.7M. The largest seller was Wells Fargo, cutting an estimated $16.8M.
- 50 institutional investors held Cambria Tail Risk ETF (TAIL) as of Q1 2023, up from 48 in Q4 2022.
- Funds reported $106M of Cambria Tail Risk ETF stock for Q1 2023, down 24% quarter-over-quarter.
- 12 funds opened new Cambria Tail Risk ETF positions in Q1 2023 and 10 closed out, a net change of +2 holders.
- The largest Cambria Tail Risk ETF buyer in Q1 2023 was AE Wealth Management, an estimated $16.7M added.
- The largest Cambria Tail Risk ETF seller in Q1 2023 was Wells Fargo, an estimated $16.8M sold.
Based on aggregated 13F filings for Q1 2023.