Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIRST TR EXCH TRADED FD III (RFDI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — RFDI

Based on 46 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added RFDI 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
46 hedge funds hold RFDI 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 — +21% more funds vs a year ago

fund count last 6Q
+8 new funds entered over the past year (+21% 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.
🟡

Slight buying edge — 57% buying

20 buying15 selling
Last quarter: 20 funds bought or added vs 15 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 — ~7 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 3 → 4 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 15% medium ■ 24% new
28 out of 46 hedge funds have held RFDI 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 — ~7 new funds/quarter

5 → 8 → 3 → 4 → 7 new funds/Q
New funds entering each quarter: 8 → 3 → 4 → 7. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 63% of holders stayed 2+ years

■ 63% veterans ■ 11% 1-2yr ■ 26% new
Of 46 current holders: 29 (63%) 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 — 43% AUM from top-100 funds

43% from top-100 AUM funds
9 of 46 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in RFDI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — RFDI

In 2026 Q1, 20 hedge funds were net buyers of RFDI (7 opened a new position, 13 added to an existing one), while 15 reduced or exited (12 trimmed, 3 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 43% of total institutional value in RFDI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 46.

Hedge Fund Ownership: RFDI

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

Market Analysis: RFDI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RFDI

-- --

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

Is It Too Late to Buy FIRST TR EXCH TRADED FD III (RFDI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much RFDI has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 57d ago
RFDI
+5.9%
SPY
+15.4%

RFDI outperformed SPY by -9.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 12d ago
RFDI
+0.2%
SPY
+1.5%

Since the filing became public, RFDI outperformed SPY by -1.3% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

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
0.4
/ 10
conviction
Hedge Fund Positioning: RFDI
46 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 46 42 9.52%
13F Shares 1M 1M 2.77%
Total Value $122M $116M 4.75%
New Positions 7 4 +3
Increased Positions 13 11 +2
Closed Positions 3 2 +1
Reduced Positions 12 14 -2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: RFDI

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Institutional Holders (2026 Q1)

46 + investors

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

QUARTER:
Top 25 institutional holders of RFDI — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Per Stirling Capital Management, LLC. 1.67% 184,196 $15.1M
2 Claris Financial LLC 0.73% 16,787 $1.3M
3 Prospera Financial Services Inc 0.19% 141,647 $11.6M
4 RiverFront Investment Group, LLC 0.15% 121,774 $10.0M
5 MONEYWISE, INC. 0.12% 3,458 $284K
6 Strategic Equity Management 0.09% 2,920 $240K
7 Walkner Condon Financial Advisors LLC 0.07% 6,177 $507K
8 EVOLUTION WEALTH MANAGEMENT INC. 0.03% 471 $39K
9 GTS SECURITIES LLC 0.03% 8,650 $710K
10 Spartan Wealth Advisory Services LLC 0.02% 2,806 $230K
11 Bison Wealth, LLC 0.02% 2,354 $204K
12 Cetera Investment Advisers 0.01% 168,550 $13.8M
13 FULTON BREAKEFIELD BROENNIMAN LLC 0.01% 2,658 $218K
14 GAMMA Investing LLC 0.01% 3,471 $285K
15 CENTRAL TRUST Co 0.01% 5,969 $490K
16 TRUIST FINANCIAL CORP 0.01% 85,511 $7.0M
17 Dana Investment Advisors, Inc. 0.01% 3,798 $312K
18 Elevated Capital Advisors, LLC 0.01% 417 $34K
19 Orion Porfolio Solutions, LLC 0.01% 9,742 $800K
20 DAVENPORT & Co LLC 0.01% 11,363 $933K
21 NBC SECURITIES, INC. 0.00% 624 $51K
22 ENVESTNET ASSET MANAGEMENT INC 0.00% 155,626 $12.8M
23 Cerity Partners LLC 0.00% 21,140 $1.7M
24 Baird Financial Group, Inc. 0.00% 14,372 $1.2M
25 MORGAN STANLEY 0.00% 361,121 $29.7M
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 TRADED FD III (RFDI)

What does the Smart Money Trend signal show for RFDI?

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

Slight buying edge — 57% buying: Last quarter: 20 funds bought or added vs 15 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 RFDI holders?

Elite ownership — 43% AUM from top-100 funds: 9 of 46 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in RFDI. 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 RFDI?

61% of holders stayed for 2+ years: 28 out of 46 hedge funds have held RFDI 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.

Is it too late to buy FIRST TR EXCH TRADED FD III (RFDI) following the 2026 Q1 hedge fund 13F filings?

As of today, RFDI has moved +0.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.5% for the SPY sector ETF — an outperformance of -1.3%. Since the quarter end (March 31, 2026), RFDI has gained +5.9% vs +15.4% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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