First Trust Long/Short Equity ETF

FTLS • ARCA

First Trust Long/Short Equity ETF is an exchange-traded fund on ARCA. As of Q3 2025, 227 institutional investors hold shares in this ETF, with total holdings valued at $1.6B. MORGAN STANLEY is the largest holder with a position valued at $361.9M.

Overview

Overview of institutional ownership in FTLS as of Q3 2025

All Institutions

Institutions: 227
Value Held: $1.6B
Shares Held: 22.9M
Avg Position: $7.1M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 4
Value Held: $11.6M
Shares Held: 167.9K
Avg Position: $2.9M
Median Position: $1.3M

Biggest Investors

Institutions with the largest positions in FTLS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$361.9M 0.02% of portfolio	5.2M shares	Q1 2016 Held for 9y 8m	$1.65T
R ROYAL BANK OF CANADA Institution	-	$172.8M 0.03% of portfolio	2.5M shares	Q1 2015 Held for 10y 8m	$542.04B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$159.3M 0.04% of portfolio	2.3M shares	Q4 2023 Held for 1y 11m	$433.11B
L LPL Financial LLC Institution	-	$157.2M 0.05% of portfolio	2.2M shares	Q3 2015 Held for 10y 2m	$340.07B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$41.2M 0.01% of portfolio	588.3K shares	Q3 2018 Held for 7y 2m	$341.99B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$39.0M 0.01% of portfolio	558.2K shares	Q4 2024 Held for 11 months	$310.43B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$36.9M 0.04% of portfolio	527.7K shares	Q4 2020 Held for 4y 11m	$85.4B
BB&T CORP Institution	William H. Rogers, Jr. CEO	$30.0M 0.04% of portfolio	428.3K shares	Q4 2019 Held for 5y 11m	$73.6B
C CENTRAL TRUST & INVESTMENT CO Institution	-	$27.8M 0.58% of portfolio	397.9K shares	Q2 2021 Held for 4y 5m	$4.8B
S STIFEL FINANCIAL CORP Long Only Manager	Adam Vartan Topalian CIO	$22.3M 0.02% of portfolio	318.9K shares	Q2 2016 Held for 9y 5m	$109.37B

Net Capital Flow

Institutional buying and selling activity for FTLS in Q3 2025

Traded: −$121.1M
Buyers: 125
Sellers: 105
Total Bought: +$46.8M
Total Sold: −$167.9M
Avg Position: $6.5M

Biggest Buyers

Institution	Net Bought	Current Position
Merit Financial Group, LLC RIA/Wealth	+$4.5M +63.7K shares	$6.6M 94.5K shares
KINGSWOOD WEALTH ADVISORS, LLC RIA/Wealth	+$3.2M +45.2K shares	$7.9M 113.2K shares
Summit Financial, LLC RIA/Wealth	+$2.4M +35.0K shares	$2.4M 35.0K shares
Mutual Advisors, LLC RIA/Wealth	+$2.4M +34.6K shares	$2.4M 34.6K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$2.2M +31.4K shares	$2.2M 31.4K shares
FIRST TRUST ADVISORS LP ETF Provider	+$2.1M +29.9K shares	$6.8M 96.9K shares
Koshinski Asset Management, Inc. RIA/Wealth	+$1.9M +27.2K shares	$5.8M 83.4K shares
WORLD EQUITY GROUP, INC. RIA/Wealth	+$1.8M +25.7K shares	$20.1M 287.7K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	+$1.5M +20.8K shares	$8.0M 114.3K shares
Kingsview Wealth Management, LLC RIA/Wealth	+$1.4M +20.1K shares	$5.4M 76.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
MORGAN STANLEY RIA/Wealth	−$67.4M −963.9K shares	$361.9M 5.2M shares
AMERIPRISE FINANCIAL INC Institution	−$9.8M −140.6K shares	$159.3M 2.3M shares
C COMERICA BANK Institution	−$9.3M −132.9K shares	$7.2M 103.3K shares
L LPL Financial LLC Institution	−$8.1M −115.5K shares	$157.2M 2.2M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$8.1M −115.2K shares	$39.0M 558.2K shares
Cetera Investment Advisers RIA/Wealth	−$7.2M −103.6K shares	$36.9M 527.7K shares
R ROYAL BANK OF CANADA Institution	−$5.5M −78.4K shares	$172.8M 2.5M shares
Sowell Financial Services LLC RIA/Wealth	−$5.5M −78.2K shares	$2.1M 29.9K shares
Armis Advisers, LLC RIA/Wealth	−$5.2M −79.2K shares	Sold Off 0 shares
HARBOUR INVESTMENTS, INC. RIA/Wealth	−$3.2M −45.5K shares	$3.7M 53.2K shares

Entry and Exit Activity

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

New Positions: 15
New Value: $6.4M
Exited Positions: 21
Exited Value: $19.5M

New Positions

Institution	Position Value
Summit Financial, LLC RIA/Wealth	$2.4M 35.0K shares
Mutual Advisors, LLC RIA/Wealth	$2.4M 34.6K shares
GREENWOOD CAPITAL ASSOCIATES LLC RIA/Wealth	$297.1K 4.2K shares
P PATTEN & PATTEN INC/TN Institution	$253.7K 3.6K shares
Able Wealth Management LLC RIA/Wealth	$233.4K 3.3K shares
Fiscal Wisdom Wealth Management, LLC RIA/Wealth	$221.2K 3.2K shares
PRIVATE CLIENT SERVICES, LLC RIA/Wealth	$204.0K 2.9K shares
J.Safra Asset Management Corp Fund of Funds	$162.4K 2.3K shares
SALEM INVESTMENT COUNSELORS INC RIA/Wealth	$79.3K 1.1K shares
BURKETT FINANCIAL SERVICES, LLC RIA/Wealth	$28.0K 400.0 shares

Exited Positions

Institution	Previous Position
Armis Advisers, LLC RIA/Wealth	$5.2M 79.2K shares
Legacy Financial Advisors, Inc. RIA/Wealth	$2.7M 41.3K shares
Oregon Pacific Wealth Management, LLC RIA/Wealth	$2.1M 31.8K shares
Richard P Slaughter Associates Inc RIA/Wealth	$2.0M 30.7K shares
National Asset Management, Inc. RIA/Wealth	$1.9M 28.2K shares
SRS Capital Advisors, Inc. RIA/Wealth	$1.2M 17.9K shares
Concurrent Investment Advisors, LLC RIA/Wealth	$858.5K 13.0K shares
W WCG Wealth Advisors LLC Institution	$813.4K 12.3K shares
J JANE STREET GROUP, LLC Institution	$502.7K 7.6K shares
Financial Advocates Investment Management RIA/Wealth	$495.9K 7.5K shares

Options Activity

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

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

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
WORLD EQUITY GROUP, INC. RIA/Wealth	Craig Michael Gould CEO	4.64% $20.1M	287.7K shares	Q1 2024 Held for 1y 8m	$433.4M
Hobart Private Capital, LLC RIA/Wealth	Christopher Scott Hobart CEO	4.45% $21.3M	304.3K shares	Q1 2025 Held for 8 months	$477.7M
E EdgeRock Capital LLC RIA/Wealth	Kyle F O'Dell President	4.09% $14.2M	203.0K shares	Q2 2024 Held for 1y 5m	$346.9M
IMG Wealth Management, Inc. RIA/Wealth	Nick Allen Edwards President	3.82% $5.6M	79.6K shares	Q4 2024 Held for 11 months	$145.7M
FOCUS Wealth Advisors, LLC RIA/Wealth	Mark Andrew Frugoni Managing Partner	3.13% $6.5M	93.1K shares	Q3 2022 Held for 3y 2m	$208.1M
Stegent Equity Advisors, Inc. RIA/Wealth	Loyd James Stegent President	3.02% $3.7M	52.7K shares	Q3 2023 Held for 2y 2m	$122.2M
Live Oak Investment Partners RIA/Wealth	Michael Richard Hostick CCO	2.95% $6.0M	85.2K shares	Q2 2024 Held for 1y 5m	$202.0M
Proactive Wealth Strategies LLC RIA/Wealth	Cory Mason Mcpherson CEO	2.67% $6.2M	88.8K shares	Q3 2024 Held for 1y 2m	$232.2M
Cornerstone Planning Group LLC RIA/Wealth	Christopher Kendall Abts President	2.59% $15.9M	223.1K shares	Q2 2023 Held for 2y 5m	$611.7M
V VIAWEALTH, LLC RIA/Wealth	David Lance Larson Founder	2.54% $4.6M	66.4K shares	Q3 2023 Held for 2y 2m	$183.1M

Hedge Fund Spotlight

Discover hedge funds investing in FTLS

Quantinno Capital Management LP

Hedge Fund • Market Neutral

Portfolio ManagerHoon Nmn Kim

Portfolio Value: $36.6B
Positions: 2,911
Last Reported: Q3 2025

Sector Allocation

Position in First Trust Long/Short Equity ETF

Market Value: $278.3K
Shares Held: 4.0K
Portfolio Weight: 0.00%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$2.1B	5.71%
2 Apple AAPL	Consumer Electronics Technology	$1.9B	5.06%
3 Microsoft MSFT	Software - Infrastructure Technology	$1.4B	3.93%