Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Tr Exch Traded Fd III (RFEM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
2Q ▲
Buyers last Q
54%

Smart Money Signals — RFEM

Based on 38 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 RFEM 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
38 hedge funds hold RFEM 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding RFEM is almost the same as a year ago (+1 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 54% buying

20 buying17 selling
Last quarter: 20 funds bought or added vs 17 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 — ~10 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 3 → 7 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 29% medium ■ 21% new
19 out of 38 hedge funds have held RFEM 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 — ~10 new funds/quarter

2 → 3 → 3 → 7 → 10 new funds/Q
New funds entering each quarter: 3 → 3 → 7 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 55% veterans vs 29% newcomers

■ 55% veterans ■ 16% 1-2yr ■ 29% new
Entry-cohort mix of 38 holders: 21 (55%) are 2+ year veterans, 6 entered 1–2 years ago, and 11 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 26% AUM from major funds

26% from top-100 AUM funds
7 of 38 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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 — RFEM

In 2026 Q1, 20 hedge funds were net buyers of RFEM (10 opened a new position, 10 added to an existing one), while 17 reduced or exited (10 trimmed, 7 sold completely) — a 54% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 26% of total institutional value in RFEM is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 38.

Hedge Fund Ownership: RFEM

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

Market Analysis: RFEM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RFEM

-- --

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

Is It Too Late to Buy First Tr Exch Traded Fd III (RFEM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much RFEM 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 · 85d ago
RFEM
+12.8%
SPY
+14.9%

RFEM outperformed SPY by -2.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
RFEM
+1.8%
SPY
+1.1%

Since the filing became public, RFEM outperformed SPY by +0.7% .

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 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: RFEM
38 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 38 35 8.57%
13F Shares 702K 636K 10.46%
Total Value $56M $50M 11.91%
New Positions 10 7 +3
Increased Positions 10 15 -5
Closed Positions 7 4 +3
Reduced Positions 10 5 +5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: RFEM

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)

38 + investors

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

QUARTER:
Top 25 RFEM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Ferguson Shapiro LLC 5.45% 217,818 $17.9M
2 Maia Wealth LLC 0.22% 15,582 $1.3M
3 Keystone Wealth Services, LLC 0.13% 7,462 $613K
4 Prospera Financial Services Inc 0.05% 37,037 $3.0M
5 RiverFront Investment Group, LLC 0.05% 36,407 $3.0M
6 Triad Wealth Partners, LLC 0.03% 4,882 $401K
7 Old Mission Capital LLC 0.03% 21,350 $1.8M
8 World Investment Advisors 0.01% 11,160 $917K
9 Evolution Wealth Management INC. 0.01% 159 $13K
10 REAP Financial Group, LLC 0.01% 586 $48K
11 GAMMA Investing LLC 0.01% 1,890 $155K
12 GeoWealth Management, LLC 0.01% 2,373 $195K
13 Mgo One Seven LLC 0.01% 3,869 $318K
14 Baird Financial Group, Inc. 0.01% 45,498 $3.7M
15 International Assets Investment Management, LLC 0.00% 853 $70K
16 Farther Finance Advisors, LLC 0.00% 6,180 $509K
17 Mml Investors Services, LLC 0.00% 16,285 $1.3M
18 Truist Financial Corp 0.00% 26,405 $2.2M
19 Cetera Investment Advisers 0.00% 28,554 $2.3M
20 Benjamin Edwards Inc 0.00% 2,969 $244K
21 Elevated Capital Advisors, LLC 0.00% 112 $9K
22 LPL Financial LLC 0.00% 102,186 $8.4M
23 Envestnet Asset Management Inc 0.00% 60,401 $5.0M
24 Ascentis Independent Advisors 0.00% 67 $6K
25 Osaic Holdings, INC. 0.00% 3,200 $263K
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 Traded Fd III (RFEM)

What does the Smart Money Trend signal show for RFEM?

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

Slight buying edge — 54% buying: Last quarter: 20 funds bought or added vs 17 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 RFEM holders?

Strong quality — 26% AUM from major funds: 7 of 38 holders rank in the top 100 by AUM, accounting for 26% 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 RFEM?

50% of holders stayed for 2+ years: 19 out of 38 hedge funds have held RFEM 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 Traded Fd III (RFEM) following the 2026 Q1 hedge fund 13F filings?

As of today, RFEM has moved +1.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of +0.7%. Since the quarter end (March 31, 2026), RFEM has gained +12.8% 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.

Full history →