ALPS ETF TR (BFOR): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

ALPS ETF TR (BFOR)

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

Smart Money Signals — BFOR

Based on 38 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their BFOR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🏔️

At the ownership peak (95% of max)

95% of all-time peak

38 hedge funds hold BFOR 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.

📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q

2 fewer hedge funds hold BFOR compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🟢

More buyers than sellers — 62% buying

18 buying11 selling

Last quarter: 18 funds were net buyers (3 opened a brand new position + 15 added to an existing one). Only 11 were sellers (7 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 5 → 4 → 5 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 29% medium ■ 16% new

21 out of 38 hedge funds have held BFOR 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

7 → 5 → 4 → 5 → 3 new funds/Q

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

🏛️

Deep conviction — 58% of holders stayed 2+ years

■ 58% veterans ■ 13% 1-2yr ■ 29% new

Of 38 current holders: 22 (58%) 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 — 76% AUM from top-100 funds

76% from top-100 AUM funds

8 of 38 holders are among the 100 largest funds by AUM, controlling 76% of total institutional value in BFOR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.2

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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	38	39	-2.56%
13F Shares	815K	764K	6.63%
Total Value	$67M	$62M	8.25%
New Positions	3	5	-2
Increased Positions	15	10	+5
Closed Positions	4	5	-1
Reduced Positions	7	6	+1
Total Calls	1	1	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

-2.56%

13F Shares

815K

764K

6.63%

Total Value

$67M

$62M

8.25%

New Positions

-2

Increased Positions

Closed Positions

-1

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

38 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 9 institutional holders of BFOR — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Trilogy Capital Inc.	0.13%	36,091	$3.0M
2	Sensible Money, LLC	0.08%	3,236	$269K
3	Huntleigh Advisors, Inc.	0.05%	3,197	$265K
4	Orange Investment Advisors, Inc.	0.03%	3,000	$249K
5	RVW Wealth, LLC	0.02%	2,899	$241K
6	CWA Asset Management Group, LLC	0.01%	3,500	$291K
7	IFP Advisors, Inc	0.01%	4,180	$347K
8	Spire Wealth Management	0.01%	2,200	$183K
9	Cambridge Investment Research Advisors, Inc.	0.00%	2,843	—

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 (BFOR)

What does the Smart Money Trend signal show for BFOR?

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

More buyers than sellers — 62% buying: Last quarter: 18 funds were net buyers (3 opened a brand new position + 15 added to an existing one). Only 11 were sellers (7 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BFOR holders?

Elite ownership — 76% AUM from top-100 funds: 8 of 38 holders are among the 100 largest funds by AUM, controlling 76% of total institutional value in BFOR. 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 BFOR?

55% of holders stayed for 2+ years: 21 out of 38 hedge funds have held BFOR 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.

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ALPS ETF TR (BFOR)

Smart Money Signals — BFOR

Selling streak — 1 quarter in a row

At the ownership peak (95% of max)

Outflows — 5% fewer funds vs a year ago

More buyers than sellers — 62% buying

Steady new buyers — ~3 new funds per quarter

55% of holders stayed for 2+ years

Steady discovery — ~3 new funds/quarter

Deep conviction — 58% of holders stayed 2+ years

Elite ownership — 76% AUM from top-100 funds

Hedge Fund Ownership: BFOR

Market Analysis: BFOR

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: BFOR

Hedge Fund Positioning: BFOR

Statistics: BFOR

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — ALPS ETF TR (BFOR)

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