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

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

As of today, FNK has moved +3.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of +2.1%. Since the quarter end (March 31, 2026), FNK gained +5.4% 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.

First Tr Exchange-Traded Alp (FNK)

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

Smart Money Signals — FNK

Based on 60 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added FNK 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

60 hedge funds hold FNK 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.

🟢

More buyers than sellers — 62% buying

31 buying19 selling

Last quarter: 31 funds were net buyers (11 opened a brand new position + 20 added to an existing one). Only 19 were sellers (15 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter

Funds opening a new FNK position: 1 → 7 → 5 → 11. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 25% medium ■ 20% new

33 out of 60 hedge funds have held FNK 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

4 → 1 → 7 → 5 → 11 new funds/Q

New funds entering each quarter: 1 → 7 → 5 → 11. A growing number of institutions are discovering FNK each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 65% veterans vs 17% newcomers

■ 65% veterans ■ 18% 1-2yr ■ 17% new

Entry-cohort mix of 60 holders: 39 (65%) are 2+ year veterans, 11 entered 1–2 years ago, and 10 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 31% AUM from major funds

31% from top-100 AUM funds

14 of 60 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.6

out of 10

Low Exit Risk

Exit risk score 3.6/10 — 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	59	53	11.32%
13F Shares	3M	3M	0.56%
Total Value	$145M	$142M	2.18%
New Positions	11	5	+6
Increased Positions	19	15	+4
Closed Positions	5	5	-
Reduced Positions	15	18	-3
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

11.32%

13F Shares

0.56%

Total Value

$145M

$142M

2.18%

New Positions

Increased Positions

Closed Positions

Reduced Positions

-3

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

59 + investors

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

QUARTER:

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

Top 25 FNK holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Total Investment Management Inc	8.93%	1,341,711	$76.6M
2	ARS Wealth Advisors Group, LLC	0.06%	11,488	$656K
3	Kingsview Wealth Management, LLC	0.05%	62,667	$3.6M
4	Keel Point, LLC	0.04%	11,847	$676K
5	Triumph Capital Management	0.04%	3,488	$199K
6	Founders Financial Alliance, LLC	0.03%	2,919	$167K
7	Benson Wealth Management INC	0.03%	356	$20K
8	Advisor OS, LLC	0.02%	4,475	$255K
9	Level Four Advisory Services, LLC	0.01%	5,614	$320K
10	Equitable Holdings, Inc.	0.01%	20,790	$1.2M
11	Daymark Wealth Partners, LLC	0.01%	4,132	$236K
12	Stratos Wealth Partners, LTD.	0.01%	10,455	$597K
13	Sigma Planning Corp	0.01%	4,181	$239K
14	Dynamic Advisor Solutions LLC	0.01%	3,665	$209K
15	Ashton Thomas Private Wealth, LLC	0.01%	4,763	$272K
16	Cetera Investment Advisers	0.01%	105,572	$6.0M
17	GAMMA Investing LLC	0.00%	1,816	$104K
18	Osaic Holdings, INC.	0.00%	50,439	$2.9M
19	Great Valley Advisor Group, INC.	0.00%	3,988	$227K
20	Tower Research Capital LLC (TRC)	0.00%	2,251	$128K
21	Geneos Wealth Management Inc.	0.00%	2,400	$137K
22	Benjamin Edwards Inc	0.00%	5,323	$304K
23	Wells Fargo & Company/Mn	0.00%	258,612	$14.8M
24	Sound Income Strategies, LLC	0.00%	984	$56K
25	Quest 10 Wealth Builders, Inc.	0.00%	50	$3K

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 (FNK)

What does the Smart Money Trend signal show for FNK?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added FNK 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 FNK?

More buyers than sellers — 62% buying: Last quarter: 31 funds were net buyers (11 opened a brand new position + 20 added to an existing one). Only 19 were sellers (15 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FNK holders?

Strong quality — 31% AUM from major funds: 14 of 60 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FNK?

55% of holders stayed for 2+ years: 33 out of 60 hedge funds have held FNK 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 (FNK) following the 2026 Q1 hedge fund 13F filings?

As of today, FNK has moved +3.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of +2.1%. Since the quarter end (March 31, 2026), FNK has gained +5.4% 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.

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First Tr Exchange-Traded Alp (FNK)

Smart Money Signals — FNK

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Steady growth — +5% more funds vs a year ago

More buyers than sellers — 62% buying

More new buyers each quarter (+6 vs last Q)

55% of holders stayed for 2+ years

Growing discovery — still being found

Veteran-anchored — 65% veterans vs 17% newcomers

Strong quality — 31% AUM from major funds

Institutional Sentiment Summary — FNK

Hedge Fund Ownership: FNK

Market Analysis: FNK

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FNK

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

Hedge Fund Positioning: FNK

Statistics: FNK

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — First Tr Exchange-Traded Alp (FNK)

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