FIAX β€” Nicholas Fixed Income Alternative ETF

Ownership history in FLOW TRADERS U.S. LLC  Β·  6 quarters on record

This page tracks every 13F SEC filing in which FLOW TRADERS U.S. LLC reported a position in Nicholas Fixed Income Alternative ETF (FIAX). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.08% (2025 Q3)
πŸ“Š Avg. % of fund
0.04%
πŸ“… First filed
2024 Q2
πŸ“… Last filed
2025 Q4
⏱ Quarters held
6

Position Intelligence

FLOW TRADERS U.S. LLC Γ— FIAX AI Analytics

πŸ“‰ FLOW TRADERS U.S. LLC underperformed the S&P 500 by –15.0% annually on this FIAX position. Timing score: 50% (2/4 decisions correct). Average cost basis: $17.28. Maximum drawdown during holding period: –1.0%.

πŸ“ˆ Position Alpha vs SPY
-15.0%
annualised excess return

❌ Significantly underperformed the S&P 500 by 15.0% ann.
4 quarters analyzed

⏱️ Timing Score
50%

➑️ Neutral timing β€” roughly coin-flip accuracy on add/trim calls.
2 of 4 add/trim decisions correct

πŸ’° Entry Quality
$17.28
+1.9% vs current ($17.61)

Best entry: $17.18 (2025 Q2)  Β·  Worst: $17.32 (2025 Q3)

πŸ›‘οΈ Drawdown Resilience
–1.0%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
67%
buy-side decisions

4 adds Β· 2 trims. Bought during 0 of 1 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.06% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    FIAX price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 6 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 93,864 -11,750 -11.1% 0.06% $1.7M $17.61
2025 Q3 ADDED 105,614 +63,138 +148.6% 0.08% $1.9M $17.32
2025 Q2 ADDED 42,476 +1,533 +3.7% 0.03% $775K $17.18
2025 Q1 REDUCED 40,943 -2,722 -6.2% 0.03% $756K $17.03
2024 Q4 ADDED 43,665 +30,737 +237.8% 0.03% $831K $17.21
2024 Q2 INITIATED 12,928 β€” β€” 0.01% $249K β€”
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