Cambria Tail Risk ETF
TAIL
39 hedge funds and large institutions have $37.5M invested in Cambria Tail Risk ETF in 2025 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 13 closing their positions.
94% more call options, than puts
Call options by funds: $105K | Put options by funds: $54K
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
2% more capital invested
Capital invested by funds: $36.8M → $37.5M (+$764K)
0.59% more ownership
Funds ownership: 36.96% → 37.55% (+0.59%)
19% less funds holding
Funds holding: 48 → 39 (-9)
69% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$6.45M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.76M |
| 3 |
PJWM
Philip James Wealth Mangement
Milton,
Georgia
|
+$1.93M |
| 4 |
CWA
Continuum Wealth Advisors
Saratoga Springs,
New York
|
+$419K |
| 5 |
Goldman Sachs
New York
|
+$412K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cambria Investment Management
Manhattan Beach,
California
|
-$7.79M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$961K |
| 3 |
Jane Street
New York
|
-$783K |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$683K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$413K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
UBS Group
Zurich,
Switzerland
| – | -$2.87K | -239 | Closed |
|
52
Bank of America
Charlotte,
North Carolina
| – | -$1.2K | -100 | Closed |
|
TAIL Hedge Fund Activity: Q3 2025 in Review
39 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Cambria Tail Risk ETF (TAIL) for Q3 2025, worth a combined $37.5M — up 2.1% from $36.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TAIL and 4 opened new positions — a net loss of 9 holders — while 14 trimmed existing stakes and 16 added.
The largest buyer was LPL Financial, adding an estimated $6.45M. The largest seller was Cambria Investment Management, exiting entirely with an estimated $7.79M sold.
- 39 institutional investors held Cambria Tail Risk ETF (TAIL) as of Q3 2025, down from 48 in Q2 2025.
- Funds reported $37.5M of Cambria Tail Risk ETF stock for Q3 2025, up 2.1% quarter-over-quarter.
- 4 funds opened new Cambria Tail Risk ETF positions in Q3 2025 and 13 closed out, a net change of -9 holders.
- The largest Cambria Tail Risk ETF buyer in Q3 2025 was LPL Financial, an estimated $6.45M added.
- The largest Cambria Tail Risk ETF seller in Q3 2025 was Cambria Investment Management, an estimated $7.79M sold.
Based on aggregated 13F filings for Q3 2025.