Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exch Trd Alphdx Fd (FPA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
2Q ▲
Buyers last Q
50%

Smart Money Signals — FPA

Based on 14 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added FPA 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
14 hedge funds hold FPA 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.
🚀

Fast accumulation — +56% more funds vs a year ago

fund count last 6Q
+5 new funds entered over the past year (+56% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks. The peak was reached in just 2 quarters from the low — a sharp move.
🟡

Slight buying edge — 50% buying

7 buying7 selling
Last quarter: 7 funds bought or added vs 7 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 — ~2 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 3 → 3 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

71% of holders stayed for 2+ years

■ 71% conviction (2yr+) ■ 14% medium ■ 14% new
10 out of 14 hedge funds have held FPA 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.
⚠️

Saturation — most institutions already know this story

2 → 7 → 3 → 3 → 2 new funds/Q
New funds entering each quarter: 7 → 3 → 3 → 2. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Veteran-anchored — 79% veterans vs 21% newcomers

■ 79% veterans ■ 0% 1-2yr ■ 21% new
Entry-cohort mix of 14 holders: 11 (79%) are 2+ year veterans, 0 entered 1–2 years ago, and 3 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 15% AUM from top-100

15% from top-100 AUM funds
4 of 14 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
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 — FPA

In 2026 Q1, 7 hedge funds were net buyers of FPA (2 opened a new position, 5 added to an existing one), while 7 reduced or exited (6 trimmed, 1 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 14.

Hedge Fund Ownership: FPA

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

Market Analysis: FPA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FPA

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: FPA
2026 Q2 Stats Unlock in 2 days 14 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 14 13 7.69%
13F Shares 509K 631K -19.42%
Total Value $22M $24M -6.17%
New Positions 2 3 -1
Increased Positions 5 2 +3
Closed Positions 1 2 -1
Reduced Positions 6 6 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FPA

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Institutional Holders (2026 Q2)

14 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 24 FPA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Risk Paradigm Group, LLC 0.75% 17,838 $955K
2 Cottonwood Capital Advisors, LLC 0.43% 13,327 $713K
3 Dunhill Financial, LLC 0.25% 22,827 $1.2M
4 RPg Family Wealth Advisory, LLC 0.21% 18,722 $1.0M
5 W1M Asset Management Ltd 0.13% 270,250 $14.4M
6 Advisory Services Network, LLC 0.05% 79,829 $4.3M
7 Compass Financial Management LLC 0.04% 5,957 $319K
8 First Trust Advisors LP 0.04% 1,185,499 $63.4M
9 &Partners 0.03% 149,166 $8.0M
10 GeoWealth Management, LLC 0.02% 13,771 $737K
11 Rathbones Group PLC 0.01% 45,737 $2.4M
12 Farther Finance Advisors, LLC 0.01% 21,233 $1.1M
13 Cibc World Market INC. 0.00% 9,240 $495K
14 LPL Financial LLC 0.00% 50,015 $2.7M
15 Osaic Holdings, INC. 0.00% 6,748 $361K
16 Raymond James Financial Inc 0.00% 23,655 $1.3M
17 Commonwealth Equity Services, LLC 0.00% 4,675 $250K
18 Truist Financial Corp 0.00% 3,844 $206K
19 Jane Street Group, LLC 0.00% 44,056 $2.4M
20 Citadel Advisors LLC 0.00% 15,743 $843K
21 Susquehanna International Group, LLP 0.00% 8,479 $454K
22 Steward Partners Investment Advisory, LLC 0.00% 100 $5K
23 Morgan Stanley 0.00% 2,954 $158K
24 Wells Fargo & Company/Mn 0.00% 20 $1K
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 (FPA)

What does the Smart Money Trend signal show for FPA?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added FPA 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 FPA?

Slight buying edge — 50% buying: Last quarter: 7 funds bought or added vs 7 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 FPA holders?

Smaller funds dominant — 15% AUM from top-100: 4 of 14 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FPA?

71% of holders stayed for 2+ years: 10 out of 14 hedge funds have held FPA 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.

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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