FIRST TR EXCH TRADED FD III (FCAL): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

FIRST TR EXCH TRADED FD III (FCAL)

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

Smart Money Signals — FCAL

Based on 72 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added FCAL 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 (97% of max)

97% of all-time peak

72 hedge funds hold FCAL right now — the highest count in 3.0 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.

📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q

+8 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 60% buying

39 buying26 selling

Last quarter: 39 funds were net buyers (7 opened a brand new position + 32 added to an existing one). Only 26 were sellers (24 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~7 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 9 → 10 → 5 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 29% medium ■ 19% new

37 out of 72 hedge funds have held FCAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

📊

Peak discovery — momentum slowing

12 → 9 → 10 → 5 → 7 new funds/Q

New funds entering each quarter: 9 → 10 → 5 → 7. FCAL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Deep conviction — 49% of holders stayed 2+ years

■ 49% veterans ■ 21% 1-2yr ■ 31% new

Of 72 current holders: 35 (49%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds

6 of 72 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in FCAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.4

out of 10

Low Exit Risk

Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	72	67	7.46%
13F Shares	3M	2M	19.84%
Total Value	$136M	$120M	13.21%
New Positions	7	5	+2
Increased Positions	32	27	+5
Closed Positions	2	12	-10
Reduced Positions	24	27	-3
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

7.46%

13F Shares

19.84%

Total Value

$136M

$120M

13.21%

New Positions

Increased Positions

Closed Positions

-10

Reduced Positions

-3

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

72 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 institutional holders of FCAL — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Citizens Business Bank	0.95%	118,812	$5.8M
2	Westside Investment Management, Inc.	0.79%	105,885	$5.2M
3	Entruity Wealth, LLC	0.69%	20,766	$1.0M
4	Catalina Capital Group, LLC	0.48%	16,540	$809K
5	Climber Capital SA	0.47%	14,635	$715K
6	Ignite Planners, LLC	0.45%	59,874	$2.9M
7	INTEGRAL INVESTMENT ADVISORS, INC.	0.40%	32,755	$1.6M
8	Guild Investment Management, Inc.	0.38%	11,000	$538K
9	New Insight Wealth Advisors	0.37%	21,172	$1.0M
10	Southland Equity Partners LLC	0.34%	35,863	$1.8M
11	Navigation Group, LLC	0.34%	29,536	$1.4M
12	ASL Financial, LLC	0.24%	6,160	$301K
13	FORONJY FINANCIAL LLC	0.19%	9,256	$453K
14	Argyle Capital Partners, LLC	0.18%	5,051	$247K
15	Magnus Financial Group LLC	0.18%	44,242	$2.2M
16	Warren Street Wealth Advisors, LLC	0.17%	13,481	$659K
17	WESPAC Advisors SoCal, LLC	0.15%	14,801	$724K
18	Towerpoint Wealth, LLC	0.14%	6,950	$340K
19	Tidemark, LLC	0.11%	8,743	$427K
20	Golden State Wealth Management, LLC	0.10%	18,275	$893K
21	Composition Wealth, LLC	0.10%	143,476	$7.0M
22	Blue Zone Wealth Advisors, LLC	0.08%	8,000	$391K
23	TriaGen Wealth Management LLC	0.07%	5,259	$257K
24	TWIN PEAKS WEALTH ADVISORS, LLC	0.04%	3,494	$171K
25	SeaCrest Wealth Management, LLC	0.04%	7,776	$380K

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 — FIRST TR EXCH TRADED FD III (FCAL)

What does the Smart Money Trend signal show for FCAL?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added FCAL 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 FCAL?

More buyers than sellers — 60% buying: Last quarter: 39 funds were net buyers (7 opened a brand new position + 32 added to an existing one). Only 26 were sellers (24 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FCAL holders?

Elite ownership — 44% AUM from top-100 funds: 6 of 72 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in FCAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held FCAL?

51% of holders stayed for 2+ years: 37 out of 72 hedge funds have held FCAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

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.

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FIRST TR EXCH TRADED FD III (FCAL)

Smart Money Signals — FCAL

Buying streak — 1 quarter in a row

At the ownership peak (97% of max)

Steady growth — +12% more funds vs a year ago

More buyers than sellers — 60% buying

Steady new buyers — ~7 new funds per quarter

51% of holders stayed for 2+ years

Peak discovery — momentum slowing

Deep conviction — 49% of holders stayed 2+ years

Elite ownership — 44% AUM from top-100 funds

Hedge Fund Ownership: FCAL

Market Analysis: FCAL

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FCAL

Hedge Fund Positioning: FCAL

Statistics: FCAL

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — FIRST TR EXCH TRADED FD III (FCAL)

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