Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Enhanced Equity (FFA)

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

Fetching live quote...
Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
59%

Smart Money Signals — FFA

Based on 64 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
64 hedge funds hold FFA 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 — +5% more funds vs a year ago

fund count last 6Q
+3 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

37 buying26 selling
Last quarter: 37 funds bought or added vs 26 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 — ~10 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 4 → 13 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

62% of holders stayed for 2+ years

62% conviction (2yr+) 19% medium 19% new
40 out of 64 hedge funds have held FFA 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 — ~10 new funds/quarter

5 → 3 → 4 → 13 → 10 new funds/Q
New funds entering each quarter: 3 → 4 → 13 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 69% of holders stayed 2+ years

69% veterans 9% 1-2yr 22% new
Of 64 current holders: 44 (69%) 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 — 57% AUM from top-100 funds

57% from top-100 AUM funds
12 of 64 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in FFA. 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 — FFA

In 2026 Q1, 37 hedge funds were net buyers of FFA (10 opened a new position, 27 added to an existing one), while 26 reduced or exited (16 trimmed, 10 sold completely) — a 59% buyer ratio, indicating a slight buying edge. 57% of total institutional value in FFA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 64.

Hedge Fund Ownership: FFA

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

Market Analysis: FFA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FFA

-- --

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

Is It Too Late to Buy First Tr Enhanced Equity (FFA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FFA has moved relative to its sector benchmark (XLF) 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
FFA
+10.7%
XLF
+9.5%

FFA outperformed XLF by +1.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
FFA
+0.4%
XLF
+5.8%

Since the filing became public, FFA outperformed XLF by -5.4% .

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.

2 top-rated funds 2 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: FFA
63 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 63 64 -1.56%
13F Shares 7M 6M 2.66%
Total Value $132M $140M -5.33%
New Positions 9 13 -4
Increased Positions 27 26 +1
Closed Positions 10 6 +4
Reduced Positions 16 17 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FFA

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

63 + investors

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

QUARTER:
Top 25 FFA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Exeter Financial, LLC 4.82% 579,022 $11.8M
2 Smith Asset Management Co., LLC 2.68% 153,242 $3.1M
3 Shaker Financial Services, LLC 2.38% 334,855 $6.8M
4 PMG Family Office LLC 1.32% 57,847 $1.2M
5 Clear Point Advisors Inc. 1.22% 26,385 $1.6M
6 North Star Investment Management Corp. 0.22% 178,517 $3.6M
7 Centurion Wealth Management LLC 0.13% 27,827 $568K
8 Opal Wealth Advisors, LLC 0.10% 21,116 $431K
9 Logan Stone Capital, LLC 0.09% 16,703 $341K
10 Axiom Investment Management LLC 0.09% 5,795 $118K
11 Karpus Management, Inc. 0.09% 134,930 $2.8M
12 West Michigan Advisors, LLC 0.06% 12,666 $258K
13 Proactive Wealth Strategies LLC 0.04% 11,598 $237K
14 Wolverine Asset Management LLC 0.02% 109,223 $2.2M
15 Guggenheim Capital LLC 0.02% 127,891 $2.6M
16 Koshinski Asset Management, Inc. 0.02% 14,812 $302K
17 International Assets Investment Management, LLC 0.02% 12,813 $265K
18 Readystate Asset Management LP 0.02% 16,589 $338K
19 Advisors Asset Management, Inc. 0.01% 41,132 $839K
20 Integrated Wealth Concepts LLC 0.01% 73,429 $1.5M
21 Global Assets Advisory, LLC 0.01% 2,000 $41K
22 Waverly Advisors, LLC 0.01% 48,892 $997K
23 Kestra Private Wealth Services, LLC 0.01% 24,891 $508K
24 D.A. Davidson & CO. 0.00% 37,736 $770K
25 Blue Bell Private Wealth Management, LLC 0.00% 1,351 $28K
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 Enhanced Equity (FFA)

What does the Smart Money Trend signal show for FFA?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for FFA?

Slight buying edge — 59% buying: Last quarter: 37 funds bought or added vs 26 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 FFA holders?

Elite ownership — 57% AUM from top-100 funds: 12 of 64 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in FFA. 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 FFA?

62% of holders stayed for 2+ years: 40 out of 64 hedge funds have held FFA 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 Enhanced Equity (FFA) following the 2026 Q1 hedge fund 13F filings?

As of today, FFA has moved +0.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of -5.4%. Since the quarter end (March 31, 2026), FFA has gained +10.7% vs +9.5% for XLF. 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.

Full history →