Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exchange-Traded Fd (FDL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
1Q ▼
Buyers last Q
56%

Smart Money Signals — FDL

Based on 496 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their FDL 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 (99% of max)

99% of all-time peak
496 hedge funds hold FDL 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.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+56 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

256 buying204 selling
Last quarter: 256 funds bought or added vs 204 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.
⚠️

Fewer new buyers each quarter (-37 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 37 → 64 → 81 → 44. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 24% medium ■ 19% new
279 out of 496 hedge funds have held FDL 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.
📈

Growing discovery — still being found

56 → 37 → 64 → 81 → 44 new funds/Q
New funds entering each quarter: 37 → 64 → 81 → 44. A growing number of institutions are discovering FDL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 58% veterans vs 24% newcomers

■ 58% veterans ■ 18% 1-2yr ■ 24% new
Entry-cohort mix of 496 holders: 289 (58%) are 2+ year veterans, 87 entered 1–2 years ago, and 120 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 56% AUM from top-100 funds

56% from top-100 AUM funds
27 of 494 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in FDL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — FDL

In 2026 Q2, 256 hedge funds were net buyers of FDL (44 opened a new position, 212 added to an existing one), while 204 reduced or exited (156 trimmed, 48 sold completely) — a 56% buyer ratio, indicating a slight buying edge. 56% of total institutional value in FDL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 496.

Hedge Fund Ownership: FDL

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

Market Analysis: FDL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FDL

-- --

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

Is It Too Late to Buy First Tr Exchange-Traded Fd (FDL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FDL has moved relative to its sector benchmark (SPY) since the 2026 Q2 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 June 30, 2026 · 78d ago
FDL
+8.0%
SPY
+5.2%

FDL outperformed SPY by +2.8% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 33d ago
FDL
-0.6%
SPY
-2.3%

Since the filing became public, FDL outperformed SPY by +1.7% .

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.

12 top-rated funds 15 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
3.9
/ 10
conviction
Hedge Fund Positioning: FDL
494 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 494 500 -1.2%
13F Shares 91M 88M 3.43%
Total Value $4.32B $4.36B -0.82%
New Positions 44 81 -37
Increased Positions 212 200 +12
Closed Positions 48 37 +11
Reduced Positions 156 142 +14
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FDL

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Financial Highlights

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Institutional Holders (2026 Q2)

494 + investors

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

QUARTER:
Top 25 FDL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 HC Advisors, LLC 8.91% 301,517 $14.7M
2 Center for Wealth Management Advisory 8.85% 289,599 $14.1M
3 Rockport Wealth LLC 8.03% 982,928 $47.8M
4 Del-Sette Capital Management, LLC 6.97% 245,466 $11.9M
5 Park Square Financial Group, LLC 6.44% 14,667 $714K
6 Milestones Private Investment Advisors LLC 5.08% 131,010 $6.4M
7 Randall & Associates Wealth Management 4.93% 163,745 $8.0M
8 Southland Equity Partners LLC 4.78% 561,017 $27.3M
9 Keeler Thomas Management LLC 4.22% 244,574 $11.9M
10 Wisconsin Wealth Advisors, LLC 3.96% 94,893 $4.6M
11 HFG Advisors, Inc. 3.74% 123,145 $6.0M
12 Csenge Advisory Group 3.41% 1,728,408 $84.1M
13 Shepherd Kaplan Krochuk, LLC 3.20% 82,654 $4.0M
14 Mach-1 Financial Group, LLC 3.19% 169,188 $8.2M
15 Compass Financial Services Inc 3.16% 173,592 $8.4M
16 Hidden Cove Wealth Management, LLC 3.09% 115,430 $5.6M
17 BlueChip Wealth Advisors LLC 3.01% 163,113 $7.9M
18 Key Client Fiduciary Advisors, LLC 2.83% 201,438 $9.8M
19 Oxford Wealth Group, LLC 2.70% 124,182 $6.0M
20 IFS Group,LLC 2.66% 39,848 $1.9M
21 TRUE Private Wealth Advisors 2.63% 627,429 $30.5M
22 Manchester Financial Inc 2.56% 295,698 $14.4M
23 PMG Wealth Management, Inc. 2.54% 84,453 $4.1M
24 Next Level Private LLC 2.39% 251,170 $12.2M
25 Hobart Private Capital, LLC 2.18% 261,661 $12.7M
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 Exchange-Traded Fd (FDL)

What does the Smart Money Trend signal show for FDL?

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

Slight buying edge — 56% buying: Last quarter: 256 funds bought or added vs 204 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 FDL holders?

Elite ownership — 56% AUM from top-100 funds: 27 of 494 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in FDL. 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 FDL?

56% of holders stayed for 2+ years: 279 out of 496 hedge funds have held FDL 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 Exchange-Traded Fd (FDL) following the 2026 Q2 hedge fund 13F filings?

As of today, FDL has moved -0.6% since the 2026 Q2 13F filing date (August 14, 2026), compared to -2.3% for the SPY sector ETF — an outperformance of +1.7%. Since the quarter end (June 30, 2026), FDL has gained +8.0% vs +5.2% 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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