Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exch Trd Alphdx Fd (FEMS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
57%

Smart Money Signals — FEMS

Based on 66 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 FEMS 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 — 94% of 3.0Y peak

94% of all-time peak
66 funds currently hold this stock — 94% of the 3.0-year high of 70 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding FEMS is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 57% buying

38 buying29 selling
Last quarter: 38 funds bought or added vs 29 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.
➡️

Steady new buyers — ~6 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 4 → 3 → 9 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 23% medium ■ 12% new
43 out of 66 hedge funds have held FEMS 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 — ~6 new funds/quarter

7 → 4 → 3 → 9 → 6 new funds/Q
New funds entering each quarter: 4 → 3 → 9 → 6. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 74% veterans vs 14% newcomers

■ 74% veterans ■ 12% 1-2yr ■ 14% new
Entry-cohort mix of 66 holders: 49 (74%) are 2+ year veterans, 8 entered 1–2 years ago, and 9 (14%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
11 of 66 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in FEMS. 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.

Institutional Sentiment Summary — FEMS

In 2026 Q1, 38 hedge funds were net buyers of FEMS (6 opened a new position, 32 added to an existing one), while 29 reduced or exited (21 trimmed, 8 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 45% of total institutional value in FEMS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 66.

Hedge Fund Ownership: FEMS

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

Market Analysis: FEMS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FEMS

-- --

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

Is It Too Late to Buy First Tr Exch Trd Alphdx Fd (FEMS) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FEMS has moved relative to its sector benchmark (SPY) since the 2026 Q1 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 March 31, 2026 · 82d ago
FEMS
+3.2%
SPY
+15.1%

FEMS outperformed SPY by -11.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
FEMS
-1.5%
SPY
+1.3%

Since the filing became public, FEMS outperformed SPY by -2.8% .

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.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: FEMS
66 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 66 68 -2.94%
13F Shares 3M 3M -1.21%
Total Value $145M $139M 4.78%
New Positions 6 9 -3
Increased Positions 32 25 +7
Closed Positions 8 2 +6
Reduced Positions 21 29 -8
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FEMS

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

66 + investors

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

QUARTER:
Top 25 FEMS holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Beta Wealth Group, Inc. 3.67% 194,720 $8.9M
2 626 Financial, LLC 2.85% 140,372 $6.4M
3 Quad-Cities Investment Group, LLC 0.82% 45,257 $2.1M
4 SFI Advisors, LLC 0.77% 16,084 $733K
5 Archer Investment Corp 0.67% 69,100 $3.1M
6 Crusonia Wealth Advisors LLC 0.51% 54,276 $2.5M
7 Cornerstone Planning Group LLC 0.31% 47,905 $2.3M
8 Hbw Advisory Services LLC 0.25% 51,240 $2.3M
9 Stonehaven Wealth & Tax Solutions, LLC 0.20% 5,052 $230K
10 Arax Advisory Partners 0.17% 135,116 $6.2M
11 Trivium Point Advisory, LLC 0.14% 17,173 $782K
12 VestGen Advisors, LLC 0.09% 73,182 $3.5M
13 Richmond Investment Services, LLC 0.07% 9,206 $419K
14 Pinnacle Bancorp, Inc. 0.07% 4,880 $222K
15 RVW Wealth, LLC 0.05% 13,604 $620K
16 Independent Advisor Alliance 0.04% 72,428 $3.3M
17 American Financial Advisors, LLC 0.03% 4,675 $213K
18 Private Advisor Group, LLC 0.03% 121,082 $5.5M
19 Summit Wealth Group LLC / Co 0.03% 5,387 $245K
20 Private Trust Co NA 0.02% 5,318 $242K
21 Indivisible Partners 0.02% 5,263 $240K
22 Nations Financial Group Inc, /Ia/ /Adv 0.02% 8,778 $400K
23 Western Wealth Management, LLC 0.02% 11,042 $503K
24 Old Mission Capital LLC 0.01% 16,904 $770K
25 Integrated Wealth Concepts LLC 0.01% 28,394 $1.3M
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 Exch Trd Alphdx Fd (FEMS)

What does the Smart Money Trend signal show for FEMS?

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

Slight buying edge — 57% buying: Last quarter: 38 funds bought or added vs 29 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 FEMS holders?

Elite ownership — 45% AUM from top-100 funds: 11 of 66 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in FEMS. 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 FEMS?

65% of holders stayed for 2+ years: 43 out of 66 hedge funds have held FEMS 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 Exch Trd Alphdx Fd (FEMS) following the 2026 Q1 hedge fund 13F filings?

As of today, FEMS has moved -1.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of -2.8%. Since the quarter end (March 31, 2026), FEMS has gained +3.2% vs +15.1% 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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