First Trust TCW Opportunistic Fixed Income

FIXD • NASDAQ

First Trust TCW Opportunistic Fixed Income is an exchange-traded fund on NASDAQ. As of Q3 2025, 273 institutional investors hold shares in this ETF, with total holdings valued at $2.4B. MORGAN STANLEY is the largest holder with a position valued at $384.3M.

Overview

Overview of institutional ownership in FIXD as of Q3 2025

All Institutions

Institutions: 273
Value Held: $2.4B
Shares Held: 54.3M
Avg Position: $8.8M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 4
Value Held: $16.7M
Shares Held: 375.0K
Avg Position: $4.2M
Median Position: $1.8M

Biggest Investors

Institutions with the largest positions in FIXD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$384.3M 0.02% of portfolio	8.7M shares	Q4 2022 Held for 2y 11m	$1.65T
L LPL Financial LLC Institution	-	$287.1M 0.08% of portfolio	6.5M shares	Q4 2022 Held for 2y 11m	$340.07B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$252.7M 0.05% of portfolio	5.7M shares	Q4 2022 Held for 2y 11m	$488.50B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$122.2M 0.03% of portfolio	2.8M shares	Q2 2024 Held for 1y 5m	$433.11B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$120.9M 0.04% of portfolio	2.7M shares	Q4 2024 Held for 11 months	$310.43B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$100.8M 0.03% of portfolio	2.3M shares	Q4 2022 Held for 2y 11m	$341.99B
SRS Capital Advisors, Inc. RIA/Wealth	Gerald Haig Ariyan Chairman	$67.7M 0.98% of portfolio	2.0M shares	Q2 2023 Held for 2y 5m	$6.9B
BB&T CORP Institution	William H. Rogers, Jr. CEO	$56.9M 0.08% of portfolio	1.3M shares	Q4 2022 Held for 2y 11m	$73.6B
A Advisor Group Holdings, Inc. Institution	-	$54.2M 0.08% of portfolio	1.2M shares	Q4 2022 Held for 2y 11m	$71.0B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$41.9M 0.05% of portfolio	942.8K shares	Q4 2022 Held for 2y 11m	$85.4B

Net Capital Flow

Institutional buying and selling activity for FIXD in Q3 2025

Traded: +$82.2M
Buyers: 136
Sellers: 142
Total Bought: +$165.1M
Total Sold: −$82.9M
Avg Position: $7.8M

Biggest Buyers

Institution	Net Bought	Current Position
SRS Capital Advisors, Inc. RIA/Wealth	+$49.4M +1.5M shares	$67.7M 2.0M shares
WELLS FARGO & COMPANY/MN Institution	+$20.8M +469.3K shares	$252.7M 5.7M shares
MML INVESTORS SERVICES, LLC RIA/Wealth	+$10.7M +13.4K shares	$10.7M 240.3K shares
Cetera Investment Advisers RIA/Wealth	+$9.5M +212.8K shares	$41.9M 942.8K shares
Baird Financial Group, Inc. Private Equity	+$7.8M +174.7K shares	$23.4M 525.8K shares
MORGAN STANLEY RIA/Wealth	+$7.2M +163.0K shares	$384.3M 8.7M shares
Landmark Wealth Management, LLC RIA/Wealth	+$6.4M +6.1K shares	$6.4M 143.0K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$4.8M +108.8K shares	$100.8M 2.3M shares
CoreCap Advisors, LLC RIA/Wealth	+$4.7M +106.6K shares	$5.4M 120.5K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	+$2.7M +60.5K shares	$2.7M 60.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
HARBOUR INVESTMENTS, INC. RIA/Wealth	−$7.5M −169.4K shares	$3.7M 83.3K shares
W WILEY BROS.-AINTREE CAPITAL, LLC Institution	−$6.6M −147.9K shares	$30.8M 692.5K shares
O OLD MISSION CAPITAL LLC Institution	−$6.0M −136.3K shares	Sold Off 0 shares
UBS Group AG Institution	−$5.7M −128.3K shares	$31.9M 718.5K shares
Larson Financial Group LLC RIA/Wealth	−$4.4M −98.8K shares	$8.8M 199.1K shares
GUARDIAN WEALTH ADVISORS, LLC / NC RIA/Wealth	−$3.6M −81.5K shares	Sold Off 0 shares
Visionary Wealth Advisors RIA/Wealth	−$3.3M −75.7K shares	Sold Off 0 shares
AMERIPRISE FINANCIAL INC Institution	−$3.3M −74.5K shares	$122.2M 2.8M shares
Golden State Equity Partners RIA/Wealth	−$2.8M −64.0K shares	Sold Off 0 shares
Rockefeller Capital Management L.P. Long Only Manager	−$2.5M −57.0K shares	$3.8M 85.5K shares

Entry and Exit Activity

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

New Positions: 19
New Value: $23.4M
Exited Positions: 33
Exited Value: $26.0M

New Positions

Institution	Position Value
MML INVESTORS SERVICES, LLC RIA/Wealth	$10.7M 240.3K shares
Landmark Wealth Management, LLC RIA/Wealth	$6.4M 143.0K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$2.7M 60.5K shares
National Wealth Management Group, LLC RIA/Wealth	$1.0M 22.8K shares
NBC SECURITIES, INC. RIA/Wealth	$550.9K 12.4K shares
Summit Financial, LLC RIA/Wealth	$508.5K 11.4K shares
T Triad Wealth Partners, LLC RIA/Wealth	$505.0K 11.4K shares
SMITHBRIDGE ASSET MANAGEMENT INC/DE RIA/Wealth	$439.1K 9.9K shares
O OneAscent Financial Services LLC RIA/Wealth	$358.3K 8.1K shares
Asset Allocation Strategies LLC RIA/Wealth	$205.2K 4.6K shares

Exited Positions

Institution	Previous Position
O OLD MISSION CAPITAL LLC Institution	$6.0M 136.3K shares
GUARDIAN WEALTH ADVISORS, LLC / NC RIA/Wealth	$3.6M 81.5K shares
Visionary Wealth Advisors RIA/Wealth	$3.3M 75.7K shares
Golden State Equity Partners RIA/Wealth	$2.8M 64.0K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.1M 46.9K shares
Signature Wealth Management Group RIA/Wealth	$1.9M 42.5K shares
Financial Advocates Investment Management RIA/Wealth	$920.1K 21.0K shares
L.M. KOHN & COMPANY RIA/Wealth	$765.6K 17.4K shares
Mach-1 Financial Group, Inc. RIA/Wealth	$662.9K 15.1K shares
Beck Bode, LLC RIA/Wealth	$653.5K 14.9K shares

Options Activity

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

Call Positions: 1
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
LeClair Wealth Partners LLC RIA/Wealth	Steven Edwin Leclair Managing Partner	14.54% $23.3M	525.5K shares	Q4 2024 Held for 11 months	$160.5M
D Dominguez Wealth Management Solutions, Inc. RIA/Wealth	Jeffrey Paul Dominguez President	9.00% $14.2M	320.2K shares	Q4 2022 Held for 2y 11m	$158.0M
Commonwealth Financial Services, LLC RIA/Wealth	Shanell Jeffrey CEO	5.53% $31.8M	715.8K shares	Q3 2023 Held for 2y 2m	$575.4M
Alpha Financial Advisors, LLC RIA/Wealth	Ann Marie Reilley Gugle CEO	5.52% $15.7M	353.2K shares	Q4 2022 Held for 2y 11m	$284.1M
B Bennett Associates Wealth Management RIA/Wealth	Collin Kenneth Randall President	4.42% $6.1M	137.2K shares	Q4 2023 Held for 1y 11m	$137.8M
TWIN PEAKS WEALTH ADVISORS, LLC RIA/Wealth	Katrina Lynn Hermanson COO	3.00% $8.7M	195.2K shares	Q4 2023 Held for 1y 11m	$289.3M
G Great Lakes Retirement, Inc. Institution	-	2.98% $27.2M	612.1K shares	Q2 2024 Held for 1y 5m	$913.2M
TCP Asset Management, LLC RIA/Wealth	Joshua Richard Allen CEO	2.94% $16.5M	370.9K shares	Q4 2022 Held for 2y 11m	$560.5M
Landmark Wealth Management, LLC RIA/Wealth	Joseph Michael Favorito Managing Partner	2.54% $6.4M	143.0K shares	Q3 2025 Held for 2 months	$249.8M
Triumph Capital Management RIA/Wealth	Derek Nathan Eichenwald President	2.54% $10.2M	229.1K shares	Q4 2022 Held for 2y 11m	$400.6M

Hedge Fund Spotlight

Discover hedge funds investing in FIXD

Bramshill Investments, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerStephen Christopher Selver

Portfolio Value: $1.5B
Positions: 150
Last Reported: Q3 2025

Sector Allocation

Position in First Trust TCW Opportunistic Fixed Income

Market Value: $799.6K
Shares Held: 18.0K
Portfolio Weight: 0.05%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 iShares 0-5 Year High Yield Corporate Bond SHYG	ETF ETF	$376.4M	25.70%
2 iShares Preferred and Income Securities ETF PFF	ETF ETF	$197.3M	13.47%
3 iShares 20+ Year Treasury Bond TLT	ETF ETF	$143.6M	9.81%