Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exchange-Traded Fd (FRI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
57%

Smart Money Signals — FRI

Based on 69 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their FRI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
69 hedge funds hold FRI 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 — +15% more funds vs a year ago

fund count last 6Q
+9 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 4 quarters from the low — a sharp move.
🟡

Slight buying edge — 57% buying

39 buying29 selling
Last quarter: 39 funds bought or added vs 29 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 15 → 11 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 19% medium ■ 12% new
48 out of 69 hedge funds have held FRI 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.
➡️

Steady discovery — ~11 new funds/quarter

6 → 10 → 15 → 11 → 11 new funds/Q
New funds entering each quarter: 10 → 15 → 11 → 11. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 74% veterans vs 12% newcomers

■ 74% veterans ■ 14% 1-2yr ■ 12% new
Entry-cohort mix of 69 holders: 51 (74%) are 2+ year veterans, 10 entered 1–2 years ago, and 8 (12%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 55% AUM from top-100 funds

55% from top-100 AUM funds
17 of 69 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in FRI. 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.

Institutional Sentiment Summary — FRI

In 2026 Q2, 39 hedge funds were net buyers of FRI (11 opened a new position, 28 added to an existing one), while 29 reduced or exited (17 trimmed, 12 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 55% of total institutional value in FRI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 69.

Hedge Fund Ownership: FRI

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

Market Analysis: FRI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FRI

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: FRI
69 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 69 70 -1.43%
13F Shares 4M 4M 3.5%
Total Value $127M $109M 15.89%
New Positions 11 11 -
Increased Positions 28 20 +8
Closed Positions 12 10 +2
Reduced Positions 17 26 -9
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FRI

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Institutional Holders (2026 Q2)

69 + investors

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

QUARTER:
Top 25 FRI holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TCP Asset Management, LLC 2.02% 562,592 $17.8M
2 True Blue Financial, LLC 1.65% 123,223 $3.9M
3 Aft, Forsyth & Sober, LLC 1.37% 154,200 $4.4M
4 Cottonwood Capital Advisors, LLC 0.35% 18,520 $587K
5 Risk Paradigm Group, LLC 0.30% 12,191 $386K
6 Pursue Wealth Partners LLC 0.18% 10,061 $319K
7 Maia Wealth LLC 0.16% 33,771 $1.1M
8 RPg Family Wealth Advisory, LLC 0.08% 12,549 $398K
9 Harvest Investment Services, LLC 0.07% 14,638 $464K
10 Chicago Partners Investment Group LLC 0.05% 76,829 $2.5M
11 Private Trust Co NA 0.03% 9,990 $317K
12 Onyx Bridge Wealth Group LLC 0.03% 8,864 $281K
13 Benjamin Edwards Inc 0.02% 74,705 $2.4M
14 Financial Perspectives, Inc 0.02% 2,079 $66K
15 RVW Wealth, LLC 0.02% 7,591 $241K
16 MTM Investment Management, LLC 0.02% 1,685 $53K
17 Cetera Investment Advisers 0.01% 500,461 $15.9M
18 Stratos Wealth Advisors, LLC 0.01% 8,057 $255K
19 Lanark Financial, INC. 0.01% 4,166 $132K
20 Benson Wealth Management INC 0.01% 265 $8K
21 REAP Financial Group, LLC 0.00% 895 $28K
22 LPL Financial LLC 0.00% 643,819 $20.4M
23 GAMMA Investing LLC 0.00% 3,079 $98K
24 Millstone Evans Group, LLC 0.00% 200 $6K
25 Principal Securities, INC. 0.00% 7,630 $242K
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 Exchange-Traded Fd (FRI)

What does the Smart Money Trend signal show for FRI?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their FRI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for FRI?

Slight buying edge — 57% buying: Last quarter: 39 funds bought or added vs 29 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FRI holders?

Elite ownership — 55% AUM from top-100 funds: 17 of 69 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in FRI. 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 FRI?

70% of holders stayed for 2+ years: 48 out of 69 hedge funds have held FRI 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.

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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