Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Alps ETF Tr (RFDA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -5
Streak
1Q ▼
Buyers last Q
27%

Smart Money Signals — RFDA

Based on 22 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 RFDA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 79% of 3.0Y peak

79% of all-time peak
22 funds currently hold this stock — 79% of the 3.0-year high of 28 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
1 fewer hedge funds hold RFDA compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 27% buying

7 buying19 selling
Last quarter: 19 funds sold vs only 7 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~0 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 4 → 0 → 2 → 0. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

73% of holders stayed for 2+ years

■ 73% conviction (2yr+) ■ 27% medium ■ 0% new
16 out of 22 hedge funds have held RFDA 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

0 → 4 → 0 → 2 → 0 new funds/Q
New funds entering each quarter: 4 → 0 → 2 → 0. 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 — 73% veterans vs 9% newcomers

■ 73% veterans ■ 18% 1-2yr ■ 9% new
Entry-cohort mix of 22 holders: 16 (73%) are 2+ year veterans, 4 entered 1–2 years ago, and 2 (9%) 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
5 of 22 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.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 — RFDA

In 2026 Q1, 7 hedge funds were net buyers of RFDA (7 added to existing positions), while 19 reduced or exited (14 trimmed, 5 sold completely) — a 27% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 22.

Hedge Fund Ownership: RFDA

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

Market Analysis: RFDA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RFDA

-- --

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

Is It Too Late to Buy Alps ETF Tr (RFDA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much RFDA has moved relative to its sector benchmark (SPY) since the 2026 Q2 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 June 30, 2026 · 32d ago
RFDA
+2.1%
SPY
+0.0%

RFDA outperformed SPY by +2.1% since June 30, 2026.

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 1 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: RFDA
2026 Q2 Stats Unlock in 18 days 22 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 22 27 -18.52%
13F Shares 1M 1M -10.57%
Total Value $75M $86M -12.97%
New Positions 0 2 -2
Increased Positions 7 5 +2
Closed Positions 5 0 +5
Reduced Positions 14 15 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: RFDA

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Valuation Measures Data as of: --

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

Financial Highlights

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Diluted EPS (ttm) --
Total Cash (mrq) --
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Institutional Holders (2026 Q1)

22 + investors

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

QUARTER:
Top 21 RFDA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Retirement Planning Group, LLC / Ny 2.44% 60,477 $3.8M
2 Leigh Baldwin & CO., LLC 0.33% 8,179 $513K
3 Prospera Financial Services Inc 0.24% 240,976 $15.1M
4 RiverFront Investment Group, LLC 0.24% 243,331 $15.2M
5 Bison Wealth, LLC 0.20% 29,935 $2.1M
6 Koshinski Asset Management, Inc. 0.06% 15,113 $947K
7 Alps Advisors Inc 0.05% 169,092 $10.6M
8 GAMMA Investing LLC 0.04% 14,780 $926K
9 Evolution Wealth Management INC. 0.04% 891 $56K
10 Elevated Capital Advisors, LLC 0.02% 974 $61K
11 Truist Financial Corp 0.01% 164,751 $10.3M
12 DAVENPORT & Co LLC 0.00% 11,728 $735K
13 Envestnet Asset Management Inc 0.00% 174,500 $10.9M
14 Stratos Wealth Partners, LTD. 0.00% 4,050 $254K
15 Kestra Advisory Services, LLC 0.00% 5,239 $328K
16 Raymond James Financial Inc 0.00% 30,566 $1.9M
17 Two Sigma Investments, LP 0.00% 4,380 $274K
18 Citadel Advisors LLC 0.00% 9,475 $594K
19 UBS Group AG 0.00% 389 $24K
20 Morgan Stanley 0.00% 86 $5K
21 Wells Fargo & Company/Mn 0.00% 1 —
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 — Alps ETF Tr (RFDA)

What does the Smart Money Trend signal show for RFDA?

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

Heavy selling pressure — only 27% buying: Last quarter: 19 funds sold vs only 7 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 RFDA holders?

Smaller funds dominant — 15% AUM from top-100: 5 of 22 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 RFDA?

73% of holders stayed for 2+ years: 16 out of 22 hedge funds have held RFDA 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 Alps ETF Tr (RFDA) following the 2026 Q2 hedge fund 13F filings?

Since the quarter end (June 30, 2026), RFDA has gained +2.1% vs +0.0% 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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