Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ALPS ETF TR (RFDA)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
1Q ▲
Buyers last Q
33%

Smart Money Signals — RFDA

Based on 26 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 RFDA 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.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
26 funds currently hold this stock — 93% of the 3.0-year high of 28 funds (reached 2023 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +8% more funds vs a year ago

fund count last 6Q
+2 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 33% buying

7 buying14 selling
Last quarter: 14 funds sold vs only 7 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~2 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 0 → 4 → 0 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

73% of holders stayed for 2+ years

73% conviction (2yr+) 15% medium 12% new
19 out of 26 hedge funds have held RFDA 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.
⚠️

Saturation — most institutions already know this story

5 → 0 → 4 → 0 → 2 new funds/Q
New funds entering each quarter: 0 → 4 → 0 → 2. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Deep conviction — 69% of holders stayed 2+ years

69% veterans 4% 1-2yr 27% new
Of 26 current holders: 18 (69%) 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.
📋

Smaller funds dominant — 14% AUM from top-100

14% from top-100 AUM funds
5 of 26 holders rank in the top 100 by AUM, but together hold only 14% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — RFDA

In 2025 Q4, 7 hedge funds were net buyers of RFDA (2 opened a new position, 5 added to an existing one), while 14 reduced or exited (14 trimmed their position) — a 33% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 26.

Hedge Fund Ownership: RFDA

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

Market Analysis: RFDA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RFDA

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: RFDA
2026 Q1 Stats Unlock in 7 days 26 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 26 24 8.33%
13F Shares 1M 1M 2.4%
Total Value $82M $78M 4.14%
New Positions 2 0 +2
Increased Positions 5 8 -3
Closed Positions 0 2 -2
Reduced Positions 14 8 +6
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: RFDA

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Institutional Holders (2026 Q1)

26 + investors

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

Top 16 institutional holders of RFDA — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 RETIREMENT PLANNING GROUP, LLC / NY 2.44% 60,477 $3.8M
2 Prospera Financial Services Inc 0.24% 240,976 $15.1M
3 RiverFront Investment Group, LLC 0.24% 243,331 $15.2M
4 Koshinski Asset Management, Inc. 0.06% 15,113 $947K
5 ALPS ADVISORS INC 0.05% 169,092 $10.6M
6 GAMMA Investing LLC 0.04% 14,780 $926K
7 EVOLUTION WEALTH MANAGEMENT INC. 0.04% 891 $56K
8 Elevated Capital Advisors, LLC 0.02% 974 $61K
9 TRUIST FINANCIAL CORP 0.01% 164,751 $10.3M
10 DAVENPORT & Co LLC 0.00% 11,728 $735K
11 ENVESTNET ASSET MANAGEMENT INC 0.00% 174,500 $10.9M
12 Stratos Wealth Partners, LTD. 0.00% 4,050 $254K
13 Janney Montgomery Scott LLC 0.00% 15,747
14 Kestra Advisory Services, LLC 0.00% 5,239 $328K
15 UBS Group AG 0.00% 389 $24K
16 WELLS FARGO & COMPANY/MN 0.00% 1
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 — ALPS ETF TR (RFDA)

What does the Smart Money Trend signal show for RFDA?

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

Heavy selling pressure — only 33% buying: Last quarter: 14 funds sold vs only 7 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for RFDA holders?

Smaller funds dominant — 14% AUM from top-100: 5 of 26 holders rank in the top 100 by AUM, but together hold only 14% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held RFDA?

73% of holders stayed for 2+ years: 19 out of 26 hedge funds have held RFDA 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.