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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
40
Holders Change
-10
Holders Change %
-20%
% of All Funds
0.58%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
8
Increased
8
Reduced
14
Closed
18
Calls
$70K
Puts
$81K
Net Calls
-$11K
Net Calls Change
+$41K

Top Buyers

Rank Fund Capital Flow
1
CFG
Citizens Financial Group
Rhode Island
+$10M
2
ARC
Advisor Resource Council
Texas
+$916K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$357K
4
Citadel Advisors
Citadel Advisors
Florida
+$327K
5
CWM
Centric Wealth Management
Illinois
+$248K

Top Sellers

Rank Fund Capital Flow
1
AWM
AE Wealth Management
Kansas
-$34.4M
2
HighTower Advisors
HighTower Advisors
Illinois
-$10.8M
3
Wells Fargo
Wells Fargo
California
-$2.38M
4
SIA
Soltis Investment Advisors
Utah
-$2.23M
5
BOSSRA
B.O.S.S. Retirement Advisors
Utah
-$1.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAG
51
Csenge Advisory Group
Florida
– -$188K -14,546 Closed
OPCM
52
Osborne Partners Capital Management
California
– -$147K -11,396 Closed
TC
53
TownSquare Capital
Utah
– -$137K -10,550 Closed
IPW
54
Impact Partnership Wealth
Georgia
– -$39.4K -3,046 Closed
OLVIG
55
Oliver Lagore Vanvalin Investment Group
Michigan
– -$8.68K -671 Closed
BAAM
56
Baker Avenue Asset Management
California
– -$5.55K -429 Closed
FDCDDQ
57
Federation des caisses Desjardins du Quebec
Quebec, Canada
– -$2.03K -157 Closed
RWPA
58
Richard W. Paul & Associates
Michigan
– -$1.58K -122 Closed
1 2
3

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.