IQ Hedge Multi-Strategy Tracker
QAI • ARCA
IQ Hedge Multi-Strategy Tracker is an exchange-traded fund on ARCA. As of Q3 2025, 95 institutional investors hold shares in this ETF, with total holdings valued at $583.1M. MORGAN STANLEY is the largest holder with a position valued at $108.6M.
Overview
Overview of institutional ownership in QAI as of Q3 2025
All Institutions
- Institutions
- 95
- Value Held
- $583.1M
- Shares Held
- 17.3M
- Avg Position
- $6.1M
- Median Position
- $371.9K
Hedge Funds
- Hedge Funds
- 2
- Value Held
- $3.2M
- Shares Held
- 93.8K
- Avg Position
- $1.6M
- Median Position
- $1.6M
Biggest Investors
Institutions with the largest positions in QAI as of Q3 2025
| Institution | Position Value |
|---|---|
 MORGAN STANLEY RIA/Wealth | $108.6M 0.01% of portfolio |
T Tredje AP-fonden Institution | $104.3M 0.84% of portfolio |
P PITCAIRN CO Institution | $60.8M 4.80% of portfolio |
 Alaska Permanent Capital Management RIA/Wealth | $51.8M 3.81% of portfolio |
R ROYAL BANK OF CANADA Institution | $39.8M 0.01% of portfolio |
 APCM Wealth Management for Individuals RIA/Wealth | $33.2M 4.34% of portfolio |
C Colony Group, LLC Institution | $25.5M 0.04% of portfolio |
 CAPTRUST FINANCIAL ADVISORS RIA/Wealth | $19.9M 0.04% of portfolio |
 Verdence Capital Advisors LLC RIA/Wealth | $18.2M 1.05% of portfolio |
 RAYMOND JAMES FINANCIAL INC RIA/Wealth | $15.4M 0.00% of portfolio |
Net Capital Flow
Institutional buying and selling activity for QAI in Q3 2025
- Traded
- −$5.1M
- Buyers
- 47
- Sellers
- 39
- Total Bought
- +$30.0M
- Total Sold
- −$35.1M
- Avg Position
- $5.4M
Biggest Buyers
| Institution | Net Bought |
|---|---|
 UBS Group AG Institution | +$6.0M +178.4K shares |
Verdence Capital Advisors LLC RIA/Wealth | +$5.3M +154.9K shares |
P PITCAIRN CO Institution | +$4.3M +129.3K shares |
C Colony Group, LLC Institution | +$3.3M +97.7K shares |
A Advisor Group Holdings, Inc. Institution | +$3.3M +98.0K shares |
 Mariner Wealth Advisors, LLC RIA/Wealth | +$1.7M +51.5K shares |
APCM Wealth Management for Individuals RIA/Wealth | +$1.5M +43.8K shares |
 Live Oak Investment Partners RIA/Wealth | +$441.1K +13.1K shares |
 ASPIRIANT, LLC RIA/Wealth | +$358.0K +10.6K shares |
 Patten Group, Inc. RIA/Wealth | +$334.6K +9.9K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
MORGAN STANLEY RIA/Wealth | −$27.4M −814.7K shares |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | −$2.0M −61.0K shares |
E EVERGREEN CAPITAL MANAGEMENT LLC Institution | −$1.6M −51.0K shares |
 GOLDMAN SACHS GROUP INC Institution | −$1.2M −36.3K shares |
C COMERICA BANK Institution | −$610.6K −18.2K shares |
 COLDSTREAM CAPITAL MANAGEMENT INC RIA/Wealth | −$421.8K −13.1K shares |
W WOLVERINE TRADING, LLC Institution | −$301.3K −9.3K shares |
 COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth | −$253.9K −7.5K shares |
−$244.4K −7.2K shares | |
 WELLS FARGO & COMPANY/MN Institution | −$232.0K −6.9K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited QAI in Q3 2025
- New Positions
- 4
- New Value
- $249.4K
- Exited Positions
- 12
- Exited Value
- $5.8M
New Positions
| Institution | Position Value |
|---|---|
 Sincerus Advisory, LLC RIA/Wealth | $203.2K 6.0K shares |
 Legacy Wealth Managment, LLC/ID RIA/Wealth | $22.5K 670.0 shares |
F FIRST COMMUNITY TRUST NA Institution | $18.8K 559.0 shares |
 Strategic Wealth Partners, Ltd. RIA/Wealth | $4.9K 145.0 shares |
Exited Positions
| Institution | Previous Position |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $2.0M 61.0K shares |
E EVERGREEN CAPITAL MANAGEMENT LLC Institution | $1.6M 51.0K shares |
GOLDMAN SACHS GROUP INC Institution | $1.2M 36.3K shares |
COLDSTREAM CAPITAL MANAGEMENT INC RIA/Wealth | $421.8K 13.1K shares |
W WOLVERINE TRADING, LLC Institution | $301.3K 9.3K shares |
 National Asset Management, Inc. RIA/Wealth | $219.0K 6.8K shares |
 Johnson Financial Group, Inc. RIA/Wealth | $39.5K 1.2K shares |
 IFP Advisors, Inc RIA/Wealth | $12.5K 387.0 shares |
 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity | $5.5K 170.0 shares |
B Beacon Capital Management, LLC RIA/Wealth | $595.0 18.0 shares |
Options Activity
Institutions with the largest Call and Put options positions in QAI as of Q3 2025
- Call Positions
- 1
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
B Belvedere Trading LLC Institution | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with QAI as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
P PITCAIRN CO Institution | 4.80% $60.8M |
APCM Wealth Management for Individuals RIA/Wealth | 4.34% $33.2M |
Alaska Permanent Capital Management RIA/Wealth | 3.81% $51.8M |
 Endowment Wealth Management, Inc. RIA/Wealth | 3.36% $7.4M |
 CONSULTIVA WEALTH MANAGEMENT, CORP. RIA/Wealth | 3.14% $1.1M |
Live Oak Investment Partners RIA/Wealth | 2.13% $4.3M |
L LFA - Lugano Financial Advisors SA Institution | 1.90% $3.6M |
 Baron Financial Group, LLC RIA/Wealth | 1.76% $3.2M |
 Harwood Advisory Group, LLC RIA/Wealth | 1.15% $3.5M |
 BROWN WEALTH MANAGEMENT, LLC RIA/Wealth | 1.09% $3.9M |
Hedge Fund Spotlight
Discover hedge funds investing in QAI
HBK Sorce Advisory LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerMatthew Atcheson Leffers
- Portfolio Value
- $4.1B
- Positions
- 732
- Last Reported
- Q3 2025
Sector Allocation
Position in IQ Hedge Multi-Strategy Tracker
- Market Value
- $1.8M
- Shares Held
- 53.2K
- Portfolio Weight
- 0.04%
- Owned Since
- 2020-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
ETF ETF | $897.0M | 21.96% | |
ETF ETF | $680.4M | 16.66% | |
ETF ETF | $464.3M | 11.37% |
