FPA Hedge Fund Ownership (Q2 2026)

First Tr Exch Trd Alphdx Fd (FPA)

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

Smart Money Signals — FPA

Based on 25 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added FPA 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

25 hedge funds hold FPA 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.

🚀

Fast accumulation — +79% more funds vs a year ago

fund count last 6Q

+11 new funds entered over the past year (+79% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 68% buying

17 buying8 selling

Last quarter: 17 funds were net buyers (12 opened a brand new position + 5 added to an existing one). Only 8 were sellers (7 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter

Funds opening a new FPA position: 3 → 3 → 2 → 12. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

40% of holders stayed for 2+ years

■ 40% conviction (2yr+) ■ 8% medium ■ 52% new

10 out of 25 hedge funds have held FPA 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.

💰

Value +390% but shares only +299% — price-driven

Value

+390%

+298%

Last quarter: the total dollar value of institutional holdings rose +390%, but actual share count only changed +299%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

📈

Growing discovery — still being found

7 → 3 → 3 → 2 → 12 new funds/Q

New funds entering each quarter: 3 → 3 → 2 → 12. A growing number of institutions are discovering FPA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 48% veterans vs 48% newcomers

■ 48% veterans ■ 4% 1-2yr ■ 48% new

Entry-cohort mix of 25 holders: 12 (48%) are 2+ year veterans, 1 entered 1–2 years ago, and 12 (48%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 62% AUM from top-100 funds

62% from top-100 AUM funds

5 of 25 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in FPA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

5.3

out of 10

Moderate Exit Risk

Exit risk score 5.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	25	14	78.57%
13F Shares	2M	509K	298.81%
Total Value	$108M	$22M	390.27%
New Positions	12	2	+10
Increased Positions	5	5	-
Closed Positions	1	1	-
Reduced Positions	7	6	+1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

78.57%

13F Shares

509K

298.81%

Total Value

$108M

$22M

390.27%

New Positions

+10

Increased Positions

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

25 + investors

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

QUARTER:

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

Top 25 FPA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Risk Paradigm Group, LLC	0.75%	17,838	$955K
2	Cottonwood Capital Advisors, LLC	0.43%	13,327	$713K
3	Dunhill Financial, LLC	0.25%	22,827	$1.2M
4	RPg Family Wealth Advisory, LLC	0.21%	18,722	$1.0M
5	W1M Asset Management Ltd	0.13%	270,250	$14.4M
6	Transamerica Financial Advisors, LLC	0.07%	14,598	$781K
7	Advisory Services Network, LLC	0.05%	79,829	$4.3M
8	Compass Financial Management LLC	0.04%	5,957	$319K
9	First Trust Advisors LP	0.04%	1,185,499	$63.4M
10	&Partners	0.03%	149,166	$8.0M
11	GeoWealth Management, LLC	0.02%	13,771	$737K
12	Rathbones Group PLC	0.01%	45,737	$2.4M
13	Farther Finance Advisors, LLC	0.01%	21,233	$1.1M
14	Cibc World Market INC.	0.00%	9,240	$495K
15	LPL Financial LLC	0.00%	50,015	$2.7M
16	Osaic Holdings, INC.	0.00%	6,748	$361K
17	Raymond James Financial Inc	0.00%	23,655	$1.3M
18	Commonwealth Equity Services, LLC	0.00%	4,675	$250K
19	Truist Financial Corp	0.00%	3,844	$206K
20	Jane Street Group, LLC	0.00%	44,056	$2.4M
21	Citadel Advisors LLC	0.00%	15,743	$843K
22	Susquehanna International Group, LLP	0.00%	8,479	$454K
23	Steward Partners Investment Advisory, LLC	0.00%	100	$5K
24	Morgan Stanley	0.00%	2,954	$158K
25	Wells Fargo & Company/Mn	0.00%	20	$1K

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 Trd Alphdx Fd (FPA)

What does the Smart Money Trend signal show for FPA?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added FPA 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 FPA?

More buyers than sellers — 68% buying: Last quarter: 17 funds were net buyers (12 opened a brand new position + 5 added to an existing one). Only 8 were sellers (7 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FPA holders?

Elite ownership — 62% AUM from top-100 funds: 5 of 25 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in FPA. 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 FPA?

40% of holders stayed for 2+ years: 10 out of 25 hedge funds have held FPA 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 Trd Alphdx Fd (FPA)

Smart Money Signals — FPA

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +79% more funds vs a year ago

More buyers than sellers — 68% buying

More new buyers each quarter (+10 vs last Q)

40% of holders stayed for 2+ years

Value +390% but shares only +299% — price-driven

Growing discovery — still being found

Veteran-anchored — 48% veterans vs 48% newcomers

Elite ownership — 62% AUM from top-100 funds

Institutional Sentiment Summary — FPA

Hedge Fund Ownership: FPA

Market Analysis: FPA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FPA

Hedge Fund Positioning: FPA

Statistics: FPA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — First Tr Exch Trd Alphdx Fd (FPA)

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