Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exchange-Traded Alp (FEX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +13
Streak
4Q ▲
Buyers last Q
45%

Smart Money Signals — FEX

Based on 227 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added FEX 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
227 hedge funds hold FEX 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 — +15% more funds vs a year ago

fund count last 6Q
+30 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 45% buying

79 buying98 selling
Last quarter: 98 funds reduced or exited vs 79 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~25 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 22 → 15 → 24 → 25. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 19% medium ■ 16% new
149 out of 227 hedge funds have held FEX 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 (-19% value, -38% shares)

Value
-19%
Shares
-37%
Last quarter: total value of institutional FEX holdings rose -19% even though funds reduced share count by 38%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈

Growing discovery — still being found

9 → 22 → 15 → 24 → 25 new funds/Q
New funds entering each quarter: 22 → 15 → 24 → 25. A growing number of institutions are discovering FEX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 67% of holders stayed 2+ years

■ 67% veterans ■ 13% 1-2yr ■ 20% new
Of 227 current holders: 153 (67%) 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 — 53% AUM from top-100 funds

53% from top-100 AUM funds
20 of 227 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in FEX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — FEX

In 2026 Q1, 79 hedge funds were net buyers of FEX (25 opened a new position, 54 added to an existing one), while 98 reduced or exited (86 trimmed, 12 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 53% of total institutional value in FEX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +13 funds (more new holders than closures). Total institutional holders: 227.

Hedge Fund Ownership: FEX

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

Market Analysis: FEX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FEX

-- --

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

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

Signal Freshness measures how much FEX 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 · 79d ago
FEX
+12.1%
SPY
+13.9%

FEX outperformed SPY by -1.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
FEX
+4.8%
SPY
+0.2%

Since the filing became public, FEX outperformed SPY by +4.6% .

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.

9 top-rated funds 1 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: FEX
226 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 226 214 5.61%
13F Shares 7M 11M -37.75%
Total Value $782M $968M -19.23%
New Positions 25 24 +1
Increased Positions 54 50 +4
Closed Positions 13 15 -2
Reduced Positions 85 82 +3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FEX

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Financial Highlights

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Institutional Holders (2026 Q1)

226 + investors

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

QUARTER:
Top 25 FEX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Crusonia Wealth Advisors LLC 3.32% 132,254 $16.1M
2 Elevation Capital Advisory, LLC 2.55% 49,089 $6.0M
3 Hershey Financial Advisers, LLC 1.39% 13,231 $1.6M
4 Triumph Capital Management 1.29% 51,784 $6.3M
5 Silver Oak Securities, Incorporated 1.20% 134,610 $16.4M
6 Morey & Quinn Wealth Partners, LLC 1.04% 12,007 $1.5M
7 Tcfg Wealth Management, LLC 0.98% 21,507 $2.6M
8 TCFG Investment Advisors, LLC 0.98% 21,507 $2.6M
9 Rik Saylor Financial, INC. 0.87% 9,371 $1.1M
10 BIP Wealth, LLC 0.63% 127,052 $15.5M
11 Farrell Financial LLC 0.62% 8,509 $1.0M
12 KPP Advisory Services LLC 0.53% 29,954 $3.7M
13 Keystone Wealth Services, LLC 0.53% 20,181 $2.5M
14 Potentia Wealth 0.48% 10,214 $1.2M
15 HBK Sorce Advisory LLC 0.46% 176,933 $23.2M
16 Wetzel Investment Advisors, INC. 0.46% 9,470 $1.2M
17 Kaydan Wealth Management, Inc. 0.43% 10,629 $1.3M
18 Atlanta Consulting Group Advisors, LLC 0.39% 15,049 $1.8M
19 HFG Advisors, Inc. 0.37% 4,323 $527K
20 IFS Group,LLC 0.37% 3,393 $414K
21 Nova Wealth Management, Inc. 0.30% 3,725 $454K
22 Risk Paradigm Group, LLC 0.27% 2,613 $319K
23 Hilton Head Capital Partners, LLC 0.23% 3,353 $409K
24 AssuredPartners Investment Advisors, LLC 0.23% 16,875 $2.1M
25 Element Wealth, LLC 0.18% 3,495 $426K
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 Alp (FEX)

What does the Smart Money Trend signal show for FEX?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added FEX 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 FEX?

More sellers than buyers — 45% buying: Last quarter: 98 funds reduced or exited vs 79 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for FEX holders?

Elite ownership — 53% AUM from top-100 funds: 20 of 227 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in FEX. 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 FEX?

66% of holders stayed for 2+ years: 149 out of 227 hedge funds have held FEX 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 Alp (FEX) following the 2026 Q1 hedge fund 13F filings?

As of today, FEX has moved +4.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +4.6%. Since the quarter end (March 31, 2026), FEX has gained +12.1% 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.

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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