Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exch Trd Alphdx Fd (FSZ)

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

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

Smart Money Signals — FSZ

Based on 26 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 FSZ 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.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
26 funds currently hold this stock — 93% of the 3.0-year high of 28 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +8% more funds vs a year ago

fund count last 6Q
+2 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 3 quarters from the low — a sharp move.
🟡

Slight buying edge — 50% buying

12 buying12 selling
Last quarter: 12 funds bought or added vs 12 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 — ~5 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 4 → 2 → 6 → 5. 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+) ■ 15% medium ■ 23% new
16 out of 26 hedge funds have held FSZ 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 — ~5 new funds/quarter

3 → 4 → 2 → 6 → 5 new funds/Q
New funds entering each quarter: 4 → 2 → 6 → 5. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 65% veterans vs 23% newcomers

■ 65% veterans ■ 12% 1-2yr ■ 23% new
Entry-cohort mix of 26 holders: 17 (65%) are 2+ year veterans, 3 entered 1–2 years ago, and 6 (23%) 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
7 of 26 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.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 — FSZ

In 2026 Q1, 12 hedge funds were net buyers of FSZ (5 opened a new position, 7 added to an existing one), while 12 reduced or exited (8 trimmed, 4 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 31% of total institutional value in FSZ is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 26.

Hedge Fund Ownership: FSZ

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

Market Analysis: FSZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FSZ

-- --

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

Is It Too Late to Buy First Tr Exch Trd Alphdx Fd (FSZ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FSZ 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 · 86d ago
FSZ
+3.3%
SPY
+13.0%

FSZ outperformed SPY by -9.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 41d ago
FSZ
+2.3%
SPY
-0.5%

Since the filing became public, FSZ outperformed SPY by +2.8% .

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.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: FSZ
26 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 26 25 4.0%
13F Shares 285K 359K -20.42%
Total Value $22M $29M -23.69%
New Positions 5 6 -1
Increased Positions 7 6 +1
Closed Positions 4 6 -2
Reduced Positions 8 10 -2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FSZ

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

26 + investors

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

QUARTER:
Top 25 FSZ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cottonwood Capital Advisors, LLC 1.21% 21,714 $1.7M
2 Climber Capital SA 0.42% 8,140 $645K
3 Hyposwiss Advisors SA 0.27% 3,420 $271K
4 Genesee Capital Advisors, LLC 0.22% 6,762 $536K
5 BFI Infinity Ltd. 0.15% 3,300 $262K
6 MTM Investment Management, LLC 0.05% 1,866 $148K
7 Vontobel Holding Ltd. 0.03% 110,790 $8.8M
8 Syon Capital LLC 0.03% 7,219 $573K
9 PGIM Custom Harvest LLC 0.01% 7,563 $600K
10 Golden State Wealth Management, LLC 0.01% 897 $71K
11 Beacon Pointe Advisors, LLC 0.00% 5,614 $445K
12 Ashton Thomas Private Wealth, LLC 0.00% 875 $69K
13 Stifel Financial Corp 0.00% 6,534 $518K
14 Citadel Advisors LLC 0.00% 28,014 $2.2M
15 Transamerica Financial Advisors, LLC 0.00% 39 $3K
16 Jane Street Group, LLC 0.00% 25,464 $2.0M
17 Western Wealth Management, LLC 0.00% 82 $7K
18 LPL Financial LLC 0.00% 5,773 $458K
19 Osaic Holdings, INC. 0.00% 1,012 $80K
20 Susquehanna International Group, LLP 0.00% 12,760 $1.0M
21 Raymond James Financial Inc 0.00% 4,135 $328K
22 Morgan Stanley 0.00% 12,293 $975K
23 Royal Bank of Canada 0.00% 959 $76K
24 Assetmark, Inc 0.00% 80 $6K
25 UBS Group AG 0.00% 1,022 $81K
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 (FSZ)

What does the Smart Money Trend signal show for FSZ?

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

Slight buying edge — 50% buying: Last quarter: 12 funds bought or added vs 12 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 FSZ holders?

Strong quality — 31% AUM from major funds: 7 of 26 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 FSZ?

62% of holders stayed for 2+ years: 16 out of 26 hedge funds have held FSZ 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 Exch Trd Alphdx Fd (FSZ) following the 2026 Q1 hedge fund 13F filings?

As of today, FSZ has moved +2.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to -0.5% for the SPY sector ETF — an outperformance of +2.8%. Since the quarter end (March 31, 2026), FSZ has gained +3.3% vs +13.0% 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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