Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exch Trd Alphdx Fd (FSZ)

25 + Investors. Track Smart Money conviction in FSZ. 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
43%

Smart Money Signals — FSZ

Based on 25 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 FSZ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
25 funds currently hold this stock — 89% of the 3.0-year high of 28 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 11% fewer funds vs a year ago

fund count last 6Q
3 fewer hedge funds hold FSZ compared to a year ago (-11% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 43% buying

10 buying13 selling
Last quarter: 13 funds reduced or exited vs 10 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 — ~3 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 2 → 6 → 5 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 20% medium ■ 16% new
16 out of 25 hedge funds have held FSZ 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 — ~3 new funds/quarter

4 → 2 → 6 → 5 → 3 new funds/Q
New funds entering each quarter: 2 → 6 → 5 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 68% veterans vs 16% newcomers

■ 68% veterans ■ 16% 1-2yr ■ 16% new
Entry-cohort mix of 25 holders: 17 (68%) are 2+ year veterans, 4 entered 1–2 years ago, and 4 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 10% AUM from top-100

10% from top-100 AUM funds
7 of 25 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.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 — FSZ

In 2026 Q2, 10 hedge funds were net buyers of FSZ (3 opened a new position, 7 added to an existing one), while 13 reduced or exited (9 trimmed, 4 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 25.

Hedge Fund Ownership: FSZ

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

Market Analysis: FSZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FSZ

-- --

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
0.6
/ 10
conviction
Hedge Fund Positioning: FSZ
25 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 25 26 -3.85%
13F Shares 271K 285K -5.14%
Total Value $22M $22M 0.9%
New Positions 3 5 -2
Increased Positions 7 7 -
Closed Positions 4 4 -
Reduced Positions 9 8 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FSZ

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Return on Assets (ttm) --
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Institutional Holders (2026 Q2)

25 + investors

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

QUARTER:
Top 25 FSZ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Ssa Swiss Advisors AG 1.19% 32,245 $2.6M
2 Cottonwood Capital Advisors, LLC 1.07% 21,607 $1.8M
3 Climber Capital SA 0.45% 8,945 $732K
4 Hyposwiss Advisors SA 0.34% 4,420 $363K
5 Genesee Capital Advisors, LLC 0.17% 6,762 $555K
6 BFI Infinity Ltd. 0.08% 3,300 $270K
7 MTM Investment Management, LLC 0.04% 1,866 $153K
8 Vontobel Holding Ltd. 0.03% 110,440 $9.1M
9 Syon Capital LLC 0.03% 7,108 $583K
10 PGIM Custom Harvest LLC 0.01% 7,826 $642K
11 Golden State Wealth Management, LLC 0.01% 897 $74K
12 Stifel Financial Corp 0.00% 6,431 $528K
13 Transamerica Financial Advisors, LLC 0.00% 38 $3K
14 Jane Street Group, LLC 0.00% 19,780 $1.6M
15 LPL Financial LLC 0.00% 6,181 $507K
16 Osaic Holdings, INC. 0.00% 1,012 $83K
17 Raymond James Financial Inc 0.00% 4,036 $331K
18 Susquehanna International Group, LLP 0.00% 12,947 $1.1M
19 Citadel Advisors LLC 0.00% 4,823 $396K
20 Integrated Wealth Concepts LLC 0.00% 90 $7K
21 Morgan Stanley 0.00% 7,353 $603K
22 Royal Bank of Canada 0.00% 1,240 $102K
23 UBS Group AG 0.00% 1,144 $94K
24 Assetmark, Inc 0.00% 80 $7K
25 Jpmorgan Chase & Co 0.00% 115 $10K
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 (FSZ)

What does the Smart Money Trend signal show for FSZ?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their FSZ 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 FSZ?

More sellers than buyers — 43% buying: Last quarter: 13 funds reduced or exited vs 10 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 FSZ holders?

Smaller funds dominant — 10% AUM from top-100: 7 of 25 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 FSZ?

64% of holders stayed for 2+ years: 16 out of 25 hedge funds have held FSZ 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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