Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exchng Traded Fd VI (FNOV)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
37%

Smart Money Signals — FNOV

Based on 158 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 FNOV positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
158 hedge funds hold FNOV 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
+21 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.
🔴

Heavy selling pressure — only 37% buying

49 buying82 selling
Last quarter: 82 funds sold vs only 49 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-23 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 19 → 8 → 38 → 15. 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.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 32% medium ■ 18% new
80 out of 158 hedge funds have held FNOV 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

11 → 19 → 8 → 38 → 15 new funds/Q
New funds entering each quarter: 19 → 8 → 38 → 15. A growing number of institutions are discovering FNOV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 53% veterans vs 22% newcomers

■ 53% veterans ■ 25% 1-2yr ■ 22% new
Entry-cohort mix of 158 holders: 83 (53%) are 2+ year veterans, 40 entered 1–2 years ago, and 35 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
5 of 158 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — FNOV

In 2026 Q1, 49 hedge funds were net buyers of FNOV (15 opened a new position, 34 added to an existing one), while 82 reduced or exited (64 trimmed, 18 sold completely) — a 37% buyer ratio, indicating net institutional distribution. 20% of total institutional value in FNOV is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 158.

Hedge Fund Ownership: FNOV

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

Market Analysis: FNOV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FNOV

-- --

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

Is It Too Late to Buy First Tr Exchng Traded Fd VI (FNOV) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FNOV 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 · 84d ago
FNOV
+8.5%
SPY
+14.9%

FNOV outperformed SPY by -6.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
FNOV
+0.3%
SPY
+1.1%

Since the filing became public, FNOV outperformed SPY by -0.8% .

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.

4 top-rated funds 2 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: FNOV
157 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 157 161 -2.48%
13F Shares 6M 6M -2.55%
Total Value $287M $309M -7.28%
New Positions 15 38 -23
Increased Positions 34 54 -20
Closed Positions 19 11 +8
Reduced Positions 64 47 +17
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FNOV

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Institutional Holders (2026 Q1)

157 + investors

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

QUARTER:
Top 25 FNOV holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 BAM Wealth Management, LLC 3.35% 83,930 $4.5M
2 Benson Wealth Management INC 2.23% 30,579 $1.6M
3 Northeast Planning Associates, INC. / Nh / 1.79% 49,954 $2.7M
4 Altman Advisors, Inc. 1.47% 94,298 $3.5M
5 DHJJ Financial Advisors, Ltd. 1.04% 58,904 $3.1M
6 REAP Financial Group, LLC 1.00% 94,496 $5.0M
7 FWG Investments, LLC. 0.97% 28,694 $1.5M
8 Integrity Financial Corp /WA 0.95% 35,916 $1.9M
9 Plotkin Financial Advisors, LLC 0.88% 32,776 $1.8M
10 Oakmont Advisory Group, LLC 0.88% 14,962 $820K
11 Oder Investment Management, LLC 0.79% 19,160 $1.0M
12 Pitti Group Wealth Management, LLC 0.65% 14,989 $800K
13 ERn Financial, LLC 0.57% 56,916 $3.0M
14 Clear Point Advisors Inc. 0.55% 13,313 $711K
15 Goldenstone Wealth Management LLC 0.55% 14,060 $751K
16 Tanglewood Legacy Advisors, LLC 0.54% 28,018 $1.5M
17 Fsb Premier Wealth Management, INC. 0.52% 31,188 $1.7M
18 Keystone Wealth Services, LLC 0.52% 45,467 $2.4M
19 VestGen Investment Management 0.51% 17,356 $927K
20 Arbor Capital Management Inc /Adv 0.39% 8,809 $480K
21 Faithward Advisors, LLC 0.38% 49,710 $2.7M
22 MBL Wealth, LLC 0.32% 79,281 $4.2M
23 Grantvest Financial Group LLC 0.29% 8,525 $455K
24 1776 Wealth LLC 0.27% 12,657 $676K
25 Pacific Excel Wealth Advisors, Inc. 0.26% 4,716 $252K
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 Exchng Traded Fd VI (FNOV)

What does the Smart Money Trend signal show for FNOV?

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

Heavy selling pressure — only 37% buying: Last quarter: 82 funds sold vs only 49 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 FNOV holders?

Strong quality — 20% AUM from major funds: 5 of 158 holders rank in the top 100 by AUM, accounting for 20% 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 FNOV?

51% of holders stayed for 2+ years: 80 out of 158 hedge funds have held FNOV 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 Exchng Traded Fd VI (FNOV) following the 2026 Q1 hedge fund 13F filings?

As of today, FNOV has moved +0.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -0.8%. Since the quarter end (March 31, 2026), FNOV has gained +8.5% vs +14.9% 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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