Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIRST TR EXCHANGE-TRADED FD (FRI)

66 + 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
↑ +9
Streak
2Q ▲
Buyers last Q
48%

Smart Money Signals — FRI

Based on 66 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added FRI 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
66 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding FRI is almost the same as a year ago (-2 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 48% buying

32 buying34 selling
Last quarter: 34 funds reduced or exited vs 32 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~14 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 5 → 5 → 10 → 14. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 21% medium ■ 14% new
43 out of 66 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.
📈

Growing discovery — still being found

16 → 5 → 5 → 10 → 14 new funds/Q
New funds entering each quarter: 5 → 5 → 10 → 14. A growing number of institutions are discovering FRI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 70% of holders stayed 2+ years

■ 70% veterans ■ 12% 1-2yr ■ 18% new
Of 66 current holders: 46 (70%) 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 — 51% AUM from top-100 funds

51% from top-100 AUM funds
14 of 66 holders are among the 100 largest funds by AUM, controlling 51% 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.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 2025 Q4, 32 hedge funds were net buyers of FRI (14 opened a new position, 18 added to an existing one), while 34 reduced or exited (29 trimmed, 5 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 51% of total institutional value in FRI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +9 funds (more new holders than closures). Total institutional holders: 66.

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.

5 top-rated funds 1 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: FRI
2026 Q1 Stats Unlock in 1 days 66 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 66 57 15.79%
13F Shares 4M 4M -4.66%
Total Value $108M $120M -9.8%
New Positions 14 10 +4
Increased Positions 18 23 -5
Closed Positions 5 9 -4
Reduced Positions 29 16 +13
Total Calls 1 0 100%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FRI

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Institutional Holders (2026 Q1)

66 + 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 institutional holders of FRI — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TRUE BLUE FINANCIAL, LLC 2.43% 108,408 $3.1M
2 TCP Asset Management, LLC 1.99% 543,019 $15.5M
3 Aft, Forsyth & Sober, LLC 1.34% 154,200 $4.4M
4 COTTONWOOD CAPITAL ADVISORS, LLC 0.37% 18,405 $524K
5 Risk Paradigm Group, LLC 0.28% 11,728 $334K
6 PURSUE WEALTH PARTNERS LLC 0.17% 10,061 $286K
7 Maia Wealth LLC 0.14% 28,081 $799K
8 Harvest Investment Services, LLC 0.08% 14,861 $423K
9 RPg Family Wealth Advisory, LLC 0.07% 12,086 $344K
10 Chicago Partners Investment Group LLC 0.05% 76,885 $2.3M
11 EVOLUTION WEALTH MANAGEMENT INC. 0.05% 2,347 $67K
12 TWIN PEAKS WEALTH ADVISORS, LLC 0.03% 4,852 $138K
13 Onyx Bridge Wealth Group LLC 0.03% 8,864 $252K
14 PRIVATE TRUST CO NA 0.03% 9,990 $297K
15 CX Institutional 0.02% 27,759 —
16 BENJAMIN EDWARDS INC 0.02% 80,659 $2.3M
17 Jaffetilchin Investment Partners, LLC 0.02% 12,421 $354K
18 RVW Wealth, LLC 0.02% 8,498 $242K
19 Virtu Financial LLC 0.02% 14,143 —
20 Financial Perspectives, Inc 0.02% 2,072 $59K
21 MTM Investment Management, LLC 0.02% 1,685 $48K
22 Stratos Wealth Advisors, LLC 0.02% 8,672 $247K
23 Cetera Investment Advisers 0.02% 497,818 $14.2M
24 Gateway Wealth Partners, LLC 0.01% 10,820 $308K
25 Benson Wealth Management INC 0.01% 265 $8K
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?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added FRI 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 FRI?

More sellers than buyers — 48% buying: Last quarter: 34 funds reduced or exited vs 32 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for FRI holders?

Elite ownership — 51% AUM from top-100 funds: 14 of 66 holders are among the 100 largest funds by AUM, controlling 51% 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?

65% of holders stayed for 2+ years: 43 out of 66 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.