First Trust Multi-Strategy Alternative
LALT • ARCA
First Trust Multi-Strategy Alternative is an exchange-traded fund on ARCA. As of Q3 2025, 13 institutional investors hold shares in this ETF, with total holdings valued at $21.0M. Holistic Financial Partners is the largest holder with a position valued at $6.0M.
Overview
Overview of institutional ownership in LALT as of Q3 2025
All Institutions
- Institutions
- 13
- Value Held
- $21.0M
- Shares Held
- 922.6K
- Avg Position
- $1.6M
- Median Position
- $440.3K
Hedge Funds
- Hedge Funds
- 0
- Value Held
- -
- Shares Held
- -
- Avg Position
- -
- Median Position
- -
Biggest Investors
Institutions with the largest positions in LALT as of Q3 2025
| Institution | Position Value |
|---|---|
 Holistic Financial Partners RIA/Wealth | $6.0M 2.45% of portfolio |
R ROYAL BANK OF CANADA Institution | $4.0M 0.00% of portfolio |
 Change Path, LLC RIA/Wealth | $3.8M 0.10% of portfolio |
 COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth | $2.4M 0.00% of portfolio |
 ENVESTNET ASSET MANAGEMENT INC Long Only Manager | $1.9M 0.00% of portfolio |
 Cetera Investment Advisers RIA/Wealth | $1.7M 0.00% of portfolio |
 ARBOR CAPITAL MANAGEMENT INC /ADV RIA/Wealth | $440.3K 0.36% of portfolio |
D Dynamic Advisors Solutions LLC Institution | $312.9K 0.01% of portfolio |
 Farther Finance Advisors, LLC RIA/Wealth | $235.9K 0.00% of portfolio |
A Advisor Group Holdings, Inc. Institution | $180.1K 0.00% of portfolio |
Net Capital Flow
Institutional buying and selling activity for LALT in Q3 2025
- Traded
- +$4.0M
- Buyers
- 7
- Sellers
- 5
- Total Bought
- +$4.9M
- Total Sold
- −$908.4K
- Avg Position
- $1.4M
Biggest Buyers
| Institution | Net Bought |
|---|---|
R ROYAL BANK OF CANADA Institution | +$4.0M +174.7K shares |
Change Path, LLC RIA/Wealth | +$282.1K +12.4K shares |
Farther Finance Advisors, LLC RIA/Wealth | +$235.9K +10.3K shares |
A Advisor Group Holdings, Inc. Institution | +$132.6K +5.9K shares |
ARBOR CAPITAL MANAGEMENT INC /ADV RIA/Wealth | +$114.7K +5.1K shares |
Holistic Financial Partners RIA/Wealth | +$87.7K +3.8K shares |
Cetera Investment Advisers RIA/Wealth | +$41.5K +1.8K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth | −$394.5K −17.3K shares |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | −$389.1K −18.3K shares |
ENVESTNET ASSET MANAGEMENT INC Long Only Manager | −$90.5K −4.0K shares |
 UBS Group AG Institution | −$29.7K −1.4K shares |
D Dynamic Advisors Solutions LLC Institution | −$4.6K −204.0 shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited LALT in Q3 2025
- New Positions
- 2
- New Value
- $4.2M
- Exited Positions
- 2
- Exited Value
- $418.8K
New Positions
| Institution | Position Value |
|---|---|
R ROYAL BANK OF CANADA Institution | $4.0M 174.7K shares |
Farther Finance Advisors, LLC RIA/Wealth | $235.9K 10.3K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $389.1K 18.3K shares |
UBS Group AG Institution | $29.7K 1.4K shares |
Options Activity
Institutions with the largest Call and Put options positions in LALT 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 LALT as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
Holistic Financial Partners RIA/Wealth | 2.45% $6.0M |
ARBOR CAPITAL MANAGEMENT INC /ADV RIA/Wealth | 0.36% $440.3K |
Change Path, LLC RIA/Wealth | 0.10% $3.8M |
D Dynamic Advisors Solutions LLC Institution | 0.01% $312.9K |
Farther Finance Advisors, LLC RIA/Wealth | 0.00% $235.9K |
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth | 0.00% $2.4M |
Cetera Investment Advisers RIA/Wealth | 0.00% $1.7M |
R ROYAL BANK OF CANADA Institution | 0.00% $4.0M |
ENVESTNET ASSET MANAGEMENT INC Long Only Manager | 0.00% $1.9M |
A Advisor Group Holdings, Inc. Institution | 0.00% $180.1K |