First Tr Exchange-Traded Fd (FDNI): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy First Tr Exchange-Traded Fd (FDNI) following the 2026 Q1 hedge fund 13F filings?

As of today, FDNI has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), FDNI gained nan% vs +13.9% 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.

First Tr Exchange-Traded Fd (FDNI)

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

Smart Money Signals — FDNI

Based on 23 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

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

📊

High ownership — 79% of 3.0Y peak

79% of all-time peak

23 funds currently hold this stock — 79% of the 3.0-year high of 29 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📉

Outflows — 12% fewer funds vs a year ago

fund count last 6Q

3 fewer hedge funds hold FDNI compared to a year ago (-12% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🔴

Heavy selling pressure — only 32% buying

9 buying19 selling

Last quarter: 19 funds sold vs only 9 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 6 → 5 → 9 → 2. 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.

🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 26% medium ■ 17% new

13 out of 23 hedge funds have held FDNI 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.

💰

Price up while funds trimmed (-11% value, -35% shares)

Value

-10%

-35%

Last quarter: total value of institutional FDNI holdings rose -11% even though funds reduced share count by 35%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.

➡️

Steady discovery — ~2 new funds/quarter

8 → 6 → 5 → 9 → 2 new funds/Q

New funds entering each quarter: 6 → 5 → 9 → 2. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 61% veterans vs 26% newcomers

■ 61% veterans ■ 13% 1-2yr ■ 26% new

Entry-cohort mix of 23 holders: 14 (61%) are 2+ year veterans, 3 entered 1–2 years ago, and 6 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

📋

Smaller funds dominant — 15% AUM from top-100

15% from top-100 AUM funds

7 of 23 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

3.3

out of 10

Low Exit Risk

Exit risk score 3.3/10 — 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 (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	23	29	-20.69%
13F Shares	737K	1M	-35.32%
Total Value	$35M	$39M	-10.57%
New Positions	2	9	-7
Increased Positions	7	8	-1
Closed Positions	8	7	+1
Reduced Positions	11	6	+5
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

-20.69%

13F Shares

737K

-35.32%

Total Value

$35M

$39M

-10.57%

New Positions

-7

Increased Positions

-1

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

23 + investors

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

QUARTER:

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

Top 22 FDNI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Warner Group LLC	2.31%	129,958	$3.5M
2	Smart Portfolios, LLC	1.46%	53,937	$1.5M
3	Twin Peaks Wealth Advisors, LLC	0.04%	5,350	$146K
4	Old Mission Capital LLC	0.02%	38,981	$1.1M
5	Gts Securities LLC	0.01%	11,921	$325K
6	Gill Capital Partners, LLC	0.01%	644	$18K
7	Advisory Services Network, LLC	0.00%	6,258	$170K
8	Osaic Holdings, INC.	0.00%	51,889	$1.4M
9	Raymond James Financial Inc	0.00%	146,229	$4.0M
10	Financial Engines Advisors L.L.C.	0.00%	11,293	$307K
11	Mariner, LLC	0.00%	12,895	$351K
12	Millennium Management LLC	0.00%	25,875	$704K
13	Susquehanna International Group, LLP	0.00%	84,862	$2.3M
14	LPL Financial LLC	0.00%	35,070	$955K
15	Assetmark, Inc	0.00%	3,872	$105K
16	Citadel Advisors LLC	0.00%	36,054	$982K
17	Harbour Investments, INC.	0.00%	239	$7K
18	Royal Bank of Canada	0.00%	8,465	$230K
19	Transamerica Financial Advisors, LLC	0.00%	7	—
20	Morgan Stanley	0.00%	6,222	$169K
21	Wells Fargo & Company/Mn	0.00%	1,681	$46K
22	Farther Finance Advisors, LLC	0.00%	22	—

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 (FDNI)

What does the Smart Money Trend signal show for FDNI?

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

Heavy selling pressure — only 32% buying: Last quarter: 19 funds sold vs only 9 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for FDNI holders?

Smaller funds dominant — 15% AUM from top-100: 7 of 23 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FDNI?

57% of holders stayed for 2+ years: 13 out of 23 hedge funds have held FDNI 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 (FDNI) following the 2026 Q1 hedge fund 13F filings?

As of today, FDNI has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), FDNI has gained nan% vs +13.9% 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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First Tr Exchange-Traded Fd (FDNI)

Smart Money Signals — FDNI

Selling streak — 1 quarter in a row

High ownership — 79% of 3.0Y peak

Outflows — 12% fewer funds vs a year ago

Heavy selling pressure — only 32% buying

Fewer new buyers each quarter (-7 vs last Q)

57% of holders stayed for 2+ years

Price up while funds trimmed (-11% value, -35% shares)

Steady discovery — ~2 new funds/quarter

Veteran-anchored — 61% veterans vs 26% newcomers

Smaller funds dominant — 15% AUM from top-100

Institutional Sentiment Summary — FDNI

Hedge Fund Ownership: FDNI

Market Analysis: FDNI

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FDNI

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

Hedge Fund Positioning: FDNI

Statistics: FDNI

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — First Tr Exchange-Traded Fd (FDNI)

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