Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exchange-Traded Fd (FRI)

70 + Investors. Track Smart Money conviction in FRI. 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
46%

Smart Money Signals — FRI

Based on 70 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 FRI 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
70 hedge funds hold FRI 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 — +6% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 46% buying

31 buying36 selling
Last quarter: 36 funds reduced or exited vs 31 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 — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 5 → 10 → 15 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 24% medium ■ 11% new
45 out of 70 hedge funds have held FRI 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

6 → 5 → 10 → 15 → 11 new funds/Q
New funds entering each quarter: 5 → 10 → 15 → 11. A growing number of institutions are discovering FRI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 14% 1-2yr ■ 14% new
Of 70 current holders: 50 (71%) 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 — 52% AUM from top-100 funds

52% from top-100 AUM funds
14 of 70 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in FRI. 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 — FRI

In 2026 Q1, 31 hedge funds were net buyers of FRI (11 opened a new position, 20 added to an existing one), while 36 reduced or exited (26 trimmed, 10 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 52% of total institutional value in FRI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 70.

Hedge Fund Ownership: FRI

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

Market Analysis: FRI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FRI

-- --

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

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

Signal Freshness measures how much FRI 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
FRI
+8.8%
SPY
+13.9%

FRI outperformed SPY by -5.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
FRI
+1.8%
SPY
+0.2%

Since the filing became public, FRI outperformed SPY by +1.6% .

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.

2 top-rated funds 1 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: FRI
70 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 70 69 1.45%
13F Shares 4M 4M -2.16%
Total Value $109M $108M 0.82%
New Positions 11 15 -4
Increased Positions 20 18 +2
Closed Positions 10 5 +5
Reduced Positions 26 30 -4
Total Calls 0 1 -100.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FRI

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)

70 + investors

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

QUARTER:
Top 25 FRI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 True Blue Financial, LLC 2.43% 108,408 $3.1M
2 TCP Asset Management, LLC 1.99% 543,019 $15.5M
3 Aft, Forsyth & Sober, LLC 1.34% 154,200 $4.4M
4 Cottonwood Capital Advisors, LLC 0.37% 18,405 $524K
5 Risk Paradigm Group, LLC 0.28% 11,728 $334K
6 Pursue Wealth Partners LLC 0.17% 10,061 $286K
7 Maia Wealth LLC 0.14% 28,081 $799K
8 Harvest Investment Services, LLC 0.08% 14,861 $423K
9 RPg Family Wealth Advisory, LLC 0.07% 12,086 $344K
10 Chicago Partners Investment Group LLC 0.05% 76,885 $2.3M
11 Evolution Wealth Management INC. 0.05% 2,347 $67K
12 Twin Peaks Wealth Advisors, LLC 0.03% 4,852 $138K
13 Onyx Bridge Wealth Group LLC 0.03% 8,864 $252K
14 Private Trust Co NA 0.03% 9,990 $297K
15 Benjamin Edwards Inc 0.02% 80,659 $2.3M
16 Jaffetilchin Investment Partners, LLC 0.02% 12,421 $354K
17 RVW Wealth, LLC 0.02% 8,498 $242K
18 Financial Perspectives, Inc 0.02% 2,072 $59K
19 MTM Investment Management, LLC 0.02% 1,685 $48K
20 Stratos Wealth Advisors, LLC 0.02% 8,672 $247K
21 Cetera Investment Advisers 0.02% 497,818 $14.2M
22 Gateway Wealth Partners, LLC 0.01% 10,820 $308K
23 Benson Wealth Management INC 0.01% 265 $8K
24 Nbc Securities, INC. 0.01% 4,166 $119K
25 REAP Financial Group, LLC 0.01% 1,339 $38K
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 Fd (FRI)

What does the Smart Money Trend signal show for FRI?

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

More sellers than buyers — 46% buying: Last quarter: 36 funds reduced or exited vs 31 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 FRI holders?

Elite ownership — 52% AUM from top-100 funds: 14 of 70 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in FRI. 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 FRI?

64% of holders stayed for 2+ years: 45 out of 70 hedge funds have held FRI 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 Fd (FRI) following the 2026 Q1 hedge fund 13F filings?

As of today, FRI has moved +1.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +1.6%. Since the quarter end (March 31, 2026), FRI has gained +8.8% 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.

Full history →