Cambria Tail Risk ETF
TAIL
20 hedge funds and large institutions have $30.8M invested in Cambria Tail Risk ETF in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 4 increasing their positions, 1 reducing their positions, and 4 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 1
250% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 4
82% more funds holding
Funds holding: 11 → 20 (+9)
21.15% less ownership
Funds ownership: 54.67% → 33.52% (-21%)
24% less capital invested
Capital invested by funds: $40.6M → $30.8M (-$9.86M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$6.7M |
| 2 |
CIM
Cambria Investment Management
Manhattan Beach,
California
|
+$5.13M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.45M |
| 4 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
+$1.28M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LJAC
L.J. Altfest & Co
New York
|
-$31.6M |
| 2 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
-$3.87M |
| 3 |
Jane Street
New York
|
-$1.93M |
| 4 |
EE
EWG Elevate
Roseville,
California
|
-$314K |
| 5 |
AA
Argent Advisors
Monroe,
Louisiana
|
-$116K |
TAIL Hedge Fund Activity: Q1 2020 in Review
20 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Cambria Tail Risk ETF (TAIL) for Q1 2020, worth a combined $30.8M — down 24% from $40.6M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new TAIL positions and 4 closed out — a net gain of 10 holders — while 4 added to existing stakes and 1 trimmed.
The largest buyer was LPL Financial, adding an estimated $6.7M. The largest seller was L.J. Altfest & Co, cutting an estimated $31.6M.
- 20 institutional investors held Cambria Tail Risk ETF (TAIL) as of Q1 2020, up from 11 in Q4 2019.
- Funds reported $30.8M of Cambria Tail Risk ETF stock for Q1 2020, down 24% quarter-over-quarter.
- 14 funds opened new Cambria Tail Risk ETF positions in Q1 2020 and 4 closed out, a net change of +10 holders.
- The largest Cambria Tail Risk ETF buyer in Q1 2020 was LPL Financial, an estimated $6.7M added.
- The largest Cambria Tail Risk ETF seller in Q1 2020 was L.J. Altfest & Co, an estimated $31.6M sold.
Based on aggregated 13F filings for Q1 2020.