Alps ETF Tr (ELFY): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Alps ETF Tr (ELFY) following the 2026 Q1 hedge fund 13F filings?

As of today, ELFY has moved +0.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -0.2%. Since the quarter end (March 31, 2026), ELFY gained +12.7% vs +14.9% 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.

Alps ETF Tr (ELFY)

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

Smart Money Signals — ELFY

Based on 38 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 3Q

For 3 consecutive quarters, more hedge funds added ELFY 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

38 hedge funds hold ELFY right now — the highest count in 1.0 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.

🟢

More buyers than sellers — 75% buying

27 buying9 selling

Last quarter: 27 funds were net buyers (16 opened a brand new position + 11 added to an existing one). Only 9 were sellers (7 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~16 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 11 → 11 → 16. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 89% entered in last year

■ 0% conviction (2yr+) ■ 11% medium ■ 89% new

Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

📈

Growing discovery — still being found

11 → 11 → 16 new funds/Q

New funds entering each quarter: 11 → 11 → 16. A growing number of institutions are discovering ELFY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🌱

Early stage — 100% of holders entered in last year

■ 0% veterans ■ 0% 1-2yr ■ 100% new

Of 38 current holders: 38 (100%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

📋

Smaller funds dominant — 10% AUM from top-100

10% from top-100 AUM funds

6 of 38 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.

7.2

out of 10

High Exit Risk

Exit risk score 7.2/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high — near peak crowding. Crowded trades can unwind fast — a single catalyst can trigger a cascade.

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 (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	38	24	58.33%
13F Shares	911K	1M	-18.64%
Total Value	$35M	$39M	-10.89%
New Positions	16	11	+5
Increased Positions	11	7	+4
Closed Positions	2	3	-1
Reduced Positions	7	4	+3
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

58.33%

13F Shares

911K

-18.64%

Total Value

$35M

$39M

-10.89%

New Positions

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 ELFY. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 ELFY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Redhawk Wealth Advisors, Inc.	0.62%	143,800	$5.7M
2	Brookwood Investment Group LLC	0.27%	55,014	$2.2M
3	Inspire Advisors, LLC	0.21%	65,719	$2.6M
4	BXM Wealth LLC	0.18%	5,960	$234K
5	Noble Wealth Management PBC	0.15%	7,624	$300K
6	Strategic Financial Concepts, LLC	0.12%	12,380	$487K
7	Level Four Advisory Services, LLC	0.11%	85,828	$3.4M
8	Belpointe Asset Management LLC	0.04%	29,865	$1.2M
9	Tripletail Wealth Management, LLC	0.04%	750	$30K
10	Silver Oak Securities, Incorporated	0.02%	6,746	$265K
11	Alps Advisors Inc	0.02%	99,245	$3.9M
12	Farther Finance Advisors, LLC	0.01%	23,982	$954K
13	Diversify Wealth Management, LLC	0.01%	10,756	$455K
14	Gill Capital Partners, LLC	0.01%	578	$23K
15	Osaic Holdings, INC.	0.01%	104,685	$4.1M
16	Summit Financial, LLC	0.00%	9,116	$359K
17	Private Advisor Group, LLC	0.00%	21,242	$836K
18	Wealth Enhancement Advisory Services, LLC	0.00%	42,003	$1.7M
19	Commonwealth Equity Services, LLC	0.00%	33,173	$1.3M
20	Harbour Investments, INC.	0.00%	2,729	$107K
21	Cetera Investment Advisers	0.00%	26,909	$1.1M
22	Sanctuary Advisors, LLC	0.00%	5,244	$206K
23	LPL Financial LLC	0.00%	38,636	$1.5M
24	Anfield Capital Management, LLC	0.00%	37	$1K
25	JNBA Financial Advisors	0.00%	120	$5K

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 (ELFY)

What does the Smart Money Trend signal show for ELFY?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added ELFY 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 ELFY?

More buyers than sellers — 75% buying: Last quarter: 27 funds were net buyers (16 opened a brand new position + 11 added to an existing one). Only 9 were sellers (7 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for ELFY holders?

Smaller funds dominant — 10% AUM from top-100: 6 of 38 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 ELFY?

Mostly new holders — 89% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Alps ETF Tr (ELFY) following the 2026 Q1 hedge fund 13F filings?

As of today, ELFY has moved +0.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -0.2%. Since the quarter end (March 31, 2026), ELFY has gained +12.7% vs +14.9% 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.

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Alps ETF Tr (ELFY)

Smart Money Signals — ELFY

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

More buyers than sellers — 75% buying

Steady new buyers — ~16 new funds per quarter

Mostly new holders — 89% entered in last year

Growing discovery — still being found

Early stage — 100% of holders entered in last year

Smaller funds dominant — 10% AUM from top-100

Institutional Sentiment Summary — ELFY

Hedge Fund Ownership: ELFY

Market Analysis: ELFY

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: ELFY

Is It Too Late to Buy Alps ETF Tr (ELFY) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: ELFY

Statistics: ELFY

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Alps ETF Tr (ELFY)

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