Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ALPS ETF TR (ELFY)

38 + Investors. Track Smart Money conviction in ELFY. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +14
Streak
3Q ▲
Buyers last Q
75%

Smart Money Signals — ELFY

Based on 38 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 3Q
For 3 consecutive quarters, more hedge funds added ELFY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
38 hedge funds hold ELFY right now — the highest count in 1.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🟢

More buyers than sellers — 75% buying

27 buying9 selling
Last quarter: 27 funds were net buyers (16 opened a brand new position + 11 added to an existing one). Only 9 were sellers (7 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~16 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 11 → 11 → 16. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 89% entered in last year

0% conviction (2yr+) 11% medium 89% new
Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
📈

Growing discovery — still being found

11 → 11 → 16 new funds/Q
New funds entering each quarter: 11 → 11 → 16. A growing number of institutions are discovering ELFY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 100% of holders entered in last year

0% veterans 0% 1-2yr 100% new
Of 38 current holders: 38 (100%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 10% AUM from top-100

10% from top-100 AUM funds
6 of 38 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
7.2
out of 10
High Exit Risk
Exit risk score 7.2/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high — near peak crowding. Crowded trades can unwind fast — a single catalyst can trigger a cascade.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ELFY

In 2026 Q1, 27 hedge funds were net buyers of ELFY (16 opened a new position, 11 added to an existing one), while 9 reduced or exited (7 trimmed, 2 sold completely) — a 75% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +14 funds (more new holders than closures). Total institutional holders: 38.

Hedge Fund Ownership: ELFY

How many hedge funds hold ELFY — quarterly history vs. share price
Quarterly hedge fund ownership of ELFY vs. share price

Market Analysis: ELFY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ELFY

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy ALPS ETF TR (ELFY) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ELFY has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 65d ago
ELFY
+18.2%
SPY
+16.8%

ELFY outperformed SPY by +1.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 20d ago
ELFY
+3.1%
SPY
+2.7%

Since the filing became public, ELFY outperformed SPY by +0.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: ELFY
38 + Investors

Track Smart Money conviction in ELFY. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 38 24 58.33%
13F Shares 911K 1M -18.64%
Total Value $35M $39M -10.89%
New Positions 16 11 +5
Increased Positions 11 7 +4
Closed Positions 2 3 -1
Reduced Positions 7 4 +3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ELFY

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Financial Highlights

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Institutional Holders (2026 Q1)

38 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ELFY. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of ELFY — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Redhawk Wealth Advisors, Inc. 0.62% 143,800 $5.7M
2 Brookwood Investment Group LLC 0.27% 55,014 $2.2M
3 Inspire Advisors, LLC 0.21% 65,719 $2.6M
4 BXM Wealth LLC 0.18% 5,960 $234K
5 Noble Wealth Management PBC 0.15% 7,624 $300K
6 Strategic Financial Concepts, LLC 0.12% 12,380 $487K
7 LEVEL FOUR ADVISORY SERVICES, LLC 0.11% 85,828 $3.4M
8 Belpointe Asset Management LLC 0.04% 29,865 $1.2M
9 Tripletail Wealth Management, LLC 0.04% 750 $30K
10 SILVER OAK SECURITIES, INCORPORATED 0.02% 6,746 $265K
11 ALPS ADVISORS INC 0.02% 99,245 $3.9M
12 Farther Finance Advisors, LLC 0.01% 23,982 $954K
13 DIVERSIFY WEALTH MANAGEMENT, LLC 0.01% 10,756 $455K
14 GILL CAPITAL PARTNERS, LLC 0.01% 578 $23K
15 OSAIC HOLDINGS, INC. 0.01% 104,685 $4.1M
16 Summit Financial, LLC 0.00% 9,116 $359K
17 Private Advisor Group, LLC 0.00% 21,242 $836K
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% 42,003 $1.7M
19 COMMONWEALTH EQUITY SERVICES, LLC 0.00% 33,173 $1.3M
20 HARBOUR INVESTMENTS, INC. 0.00% 2,729 $107K
21 Cetera Investment Advisers 0.00% 26,909 $1.1M
22 Sanctuary Advisors, LLC 0.00% 5,244 $206K
23 Janney Montgomery Scott LLC 0.00% 10,380
24 THRIVENT FINANCIAL FOR LUTHERANS 0.00% 8,504
25 LPL Financial LLC 0.00% 38,636 $1.5M
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — ALPS ETF TR (ELFY)

What does the Smart Money Trend signal show for ELFY?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added ELFY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for ELFY?

More buyers than sellers — 75% buying: Last quarter: 27 funds were net buyers (16 opened a brand new position + 11 added to an existing one). Only 9 were sellers (7 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for ELFY holders?

Smaller funds dominant — 10% AUM from top-100: 6 of 38 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held ELFY?

Mostly new holders — 89% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy ALPS ETF TR (ELFY) following the 2026 Q1 hedge fund 13F filings?

As of today, ELFY has moved +3.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.7% for the SPY sector ETF — an outperformance of +0.4%. Since the quarter end (March 31, 2026), ELFY has gained +18.2% vs +16.8% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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