First Trust RBA American Industrial Renaissance

AIRR • NASDAQ

First Trust RBA American Industrial Renaissance is an exchange-traded fund on NASDAQ. As of Q3 2025, 377 institutional investors hold shares in this ETF, with total holdings valued at $3.7B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $686.6M.

Overview

Overview of institutional ownership in AIRR as of Q3 2025

All Institutions

Institutions: 377
Value Held: $3.7B
Shares Held: 38.6M
Avg Position: $9.9M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 3
Value Held: $4.0M
Shares Held: 41.6K
Avg Position: $1.3M
Median Position: $1.4M

Biggest Investors

Institutions with the largest positions in AIRR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$686.6M 0.05% of portfolio	7.1M shares	Q2 2024 Held for 1y 5m	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$454.8M 0.03% of portfolio	4.7M shares	Q1 2014 Held for 11y 8m	$1.65T
L LPL Financial LLC Institution	-	$394.4M 0.12% of portfolio	4.1M shares	Q4 2016 Held for 8y 11m	$340.07B
UBS Group AG Institution	Sergio P. Ermotti CEO	$185.4M 0.04% of portfolio	1.9M shares	Q4 2014 Held for 10y 11m	$511.54B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$175.7M 0.06% of portfolio	1.8M shares	Q4 2024 Held for 11 months	$310.43B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$170.3M 0.03% of portfolio	1.8M shares	Q3 2024 Held for 1y 2m	$488.50B
R ROYAL BANK OF CANADA Institution	-	$97.8M 0.02% of portfolio	1.0M shares	Q4 2016 Held for 8y 11m	$542.04B
Cambridge Investment Research Advisors, Inc. RIA/Wealth	Amy Lynn Webber CEO	$95.3M 0.28% of portfolio	986.2K shares	Q3 2015 Held for 10y 2m	$33.5B
Parcion Private Wealth LLC RIA/Wealth	Terrance Leo Cook Managing Partner	$60.2M 3.84% of portfolio	622.9K shares	Q1 2025 Held for 8 months	$1.6B
A Advisor Group Holdings, Inc. Institution	-	$59.1M 0.08% of portfolio	639.9K shares	Q1 2020 Held for 5y 8m	$71.0B

Net Capital Flow

Institutional buying and selling activity for AIRR in Q3 2025

Traded: +$587.7M
Buyers: 250
Sellers: 105
Total Bought: +$635.9M
Total Sold: −$48.2M
Avg Position: $9.4M

Biggest Buyers

Institution	Net Bought	Current Position
BANK OF AMERICA CORP /DE/ Institution	+$100.2M +1.0M shares	$686.6M 7.1M shares
L LPL Financial LLC Institution	+$67.4M +697.2K shares	$394.4M 4.1M shares
F FIL Ltd Institution	+$48.8M +505.0K shares	$54.5M 564.2K shares
MORGAN STANLEY RIA/Wealth	+$46.3M +478.6K shares	$454.8M 4.7M shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$38.7M +400.0K shares	$43.5M 450.0K shares
WELLS FARGO & COMPANY/MN Institution	+$36.8M +380.9K shares	$170.3M 1.8M shares
Cetera Investment Advisers RIA/Wealth	+$18.0M +186.5K shares	$42.1M 435.5K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$16.5M +170.3K shares	$175.7M 1.8M shares
R ROYAL BANK OF CANADA Institution	+$14.0M +144.9K shares	$97.8M 1.0M shares
UBS Group AG Institution	+$13.6M +140.5K shares	$185.4M 1.9M shares

Biggest Sellers

Institution	Net Sold	Current Position
Mach-1 Financial Group, Inc. RIA/Wealth	−$4.6M −56.6K shares	Sold Off 0 shares
IFG Advisory, LLC RIA/Wealth	−$3.9M −39.9K shares	$1.5M 15.5K shares
Parcion Private Wealth LLC RIA/Wealth	−$3.0M −30.9K shares	$60.2M 622.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$2.8M −29.4K shares	$1.0M 10.7K shares
P PUTNAM FL INVESTMENT MANAGEMENT CO Institution	−$2.3M −24.2K shares	$7.1M 73.3K shares
IHT Wealth Management, LLC RIA/Wealth	−$2.1M −21.4K shares	$21.9M 226.7K shares
F FIDUCIARY TRUST CO Institution	−$2.0M −21.1K shares	$590.4K 6.1K shares
N NWAM LLC Institution	−$1.8M −18.8K shares	$3.9M 41.2K shares
Parkside Investments, LLC RIA/Wealth	−$1.7M −17.4K shares	$13.8M 142.3K shares
Financial Advocates Investment Management RIA/Wealth	−$1.5M −18.3K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited AIRR in Q3 2025

New Positions: 48
New Value: $55.4M
Exited Positions: 22
Exited Value: $10.2M

New Positions

Institution	Position Value
P Proficio Capital Partners LLC Family Office	$13.6M 140.2K shares
Guided Capital Wealth Management, LLC RIA/Wealth	$5.4M 55.6K shares
Advyzon Investment Management, LLC RIA/Wealth	$4.7M 48.5K shares
P PECAUT & CO. Institution	$4.6M 47.9K shares
G GTS SECURITIES LLC Institution	$3.6M 37.7K shares
ABLE Financial Group, LLC RIA/Wealth	$2.8M 28.8K shares
B BANQUE PICTET & CIE SA Institution	$2.4M 25.0K shares
PARK NATIONAL CORP /OH/ Institution	$2.4M 24.9K shares
Intrua Financial, LLC RIA/Wealth	$1.7M 18.0K shares
Eldridge Investment Advisors, Inc. RIA/Wealth	$1.6M 16.2K shares

Exited Positions

Institution	Previous Position
Mach-1 Financial Group, Inc. RIA/Wealth	$4.6M 56.6K shares
Financial Advocates Investment Management RIA/Wealth	$1.5M 18.3K shares
SRS Capital Advisors, Inc. RIA/Wealth	$1.0M 12.4K shares
Ferguson Shapiro LLC RIA/Wealth	$615.1K 7.6K shares
BlueChip Wealth Advisors LLC RIA/Wealth	$567.8K 7.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$536.8K 6.6K shares
SIGNATURE SECURITIES GROUP CORPORATION RIA/Wealth	$386.7K 4.8K shares
SeaCrest Wealth Management, LLC RIA/Wealth	$310.2K 3.8K shares
Ergawealth Advisors, Inc. RIA/Wealth	$204.4K 2.5K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$114.0K 1.4K shares

Options Activity

Institutions with the largest Call and Put options positions in AIRR as of Q3 2025

Call Positions: 2
Call Value: $425.4K
Put Positions: 1
Put Value: -

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$222.4K 23.0 contracts
B Belvedere Trading LLC Institution	$203.0K 21.0 contracts

Put Positions

Institution	Position Value
B Belvedere Trading LLC Institution	- - contracts

Most Committed Institutions

Institutions with AIRR as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
SAGE PRIVATE WEALTH GROUP, LLC RIA/Wealth	Khaled Awad Taha Managing Partner	11.57% $18.8M	194.5K shares	Q3 2023 Held for 2y 2m	$162.6M
Frederick Financial Consultants, LLC RIA/Wealth	David Lytal Fountain President	7.55% $13.4M	138.4K shares	Q4 2024 Held for 11 months	$177.3M
Next Level Private LLC RIA/Wealth	Barry Peter Mitchell Managing Partner	5.36% $18.4M	187.6K shares	Q4 2023 Held for 1y 11m	$343.7M
P PUFF WEALTH MANAGEMENT, LLC Institution	-	5.14% $3.0M	31.2K shares	Q4 2024 Held for 11 months	$58.7M
Comprehensive Wealth Management, LLC RIA/Wealth	Shilo Michelle Lockett President	5.02% $7.1M	73.3K shares	Q1 2025 Held for 8 months	$141.0M
Presidio Capital Management, LLC RIA/Wealth	Dustin S Tenbroeck Managing Partner	4.93% $14.1M	145.5K shares	Q1 2025 Held for 8 months	$285.2M
Guided Capital Wealth Management, LLC RIA/Wealth	Kyle R Louvar Managing Partner	4.61% $5.4M	55.6K shares	Q3 2025 Held for 2 months	$116.6M
Strive Asset Management, LLC ETF Provider	Michael Conner Searcy Managing Partner	4.15% $7.6M	79.1K shares	Q1 2025 Held for 8 months	$184.4M
A Atlas Wealth LLC Institution	-	4.08% $9.6M	99.3K shares	Q4 2022 Held for 2y 11m	$235.1M
Symphony Financial Services, Inc. RIA/Wealth	John Y Kim President	4.01% $7.4M	76.9K shares	Q1 2025 Held for 8 months	$185.3M

Hedge Fund Spotlight

Discover hedge funds investing in AIRR

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in First Trust RBA American Industrial Renaissance

Market Value: $1.4M
Shares Held: 14.5K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%