First Trust Technology AlphaFXLETF
13F holders, Q2 2025 (June 30)254holders +22
35new positions
18sold out
2famous investors
$157.40avg. 13F price*
At the end of Q2 2025, 254 institutions reported holding First Trust Technology Alpha (FXL) in their 13F filings, up 22 from Q1 2025. 35 opened new positions and 18 sold out. The largest holders were Morgan Stanley ($113.4M), LPL Financial LLC ($84.7M) and Wells Fargo & Company ($83.0M). 2 famous investors held it, including Ken Griffin (0.0% of Citadel Advisors's portfolio) and David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio).
- Company
- First Trust Technology Alpha
- CUSIP
- 33734X176
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2025 → Q2 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 35 | $5.2M |
| Exits | 18 | $6.7M |
All 13F filers, Q1 2025 → Q2 2025: 222,720 shares bought and 326,805 shares sold, net −104,085 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 254 holders
| Morgan Stanley | 0.01% | Add +2.5% | 720,754 | $113.4M |
| LPL Financial LLC | 0.03% | Add +8.6% | 538,390 | $84.7M |
| Wells Fargo & Company | 0.02% | Reduce -9.5% | 527,521 | $83.0M |
| Raymond James Financial Inc. | 0.02% | Reduce -0.8% | 425,938 | $67.0M |
| Vestmark Advisory Solutions, Inc. | 0.38% | Add +67.2% | 168,840 | $26.6M |
| Osaic Holdings, Inc. | 0.04% | Reduce -4.6% | 150,416 | $23.7M |
| UBS Group AG | 0.00% | Reduce -5.4% | 144,388 | $22.7M |
| Commonwealth Equity Services, LLC | 0.03% | Add +0.7% | 135,647 | $21.3M |
| Bank of America Corp. | 0.00% | Reduce -12.7% | 126,630 | $19.9M |
| Genesee Capital Advisors, LLC | 7.64% | Add +0.7% | 108,328 | $17.0M |
| Truist Financial Corp. | 0.02% | Add +3.6% | 105,740 | $16.6M |
| Envestnet Asset Management Inc. | 0.00% | Add +6.7% | 97,898 | $15.4M |
| Ameriprise Financial Inc. | 0.00% | Add +6.0% | 89,050 | $14.0M |
| Janney Montgomery Scott LLC | 0.04% | Reduce -5.2% | 87,280 | $13.7M |
| Stifel Financial Corp. | 0.01% | Add +10.5% | 80,631 | $12.7M |
| MAI Capital Management | 0.08% | Reduce -2.3% | 76,150 | $12.0M |
| Cetera Investment Advisers | 0.02% | Add +2.1% | 70,515 | $11.1M |
| RVW Wealth, LLC | 0.92% | Reduce -12.8% | 68,521 | $10.8M |
| Royal Bank of Canada | 0.00% | Reduce -7.1% | 62,787 | $9.9M |
| Choice Wealth Advisors LLC | 4.06% | Reduce -1.2% | 57,112 | $9.0M |
| Creative Planning | 0.01% | Reduce -49.3% | 50,563 | $8.0M |
| Susquehanna International Group, LLP | 0.01% | Add +7.1% | 45,632 | $7.2M |
| D.A. Davidson & Co. | 0.05% | Reduce -0.6% | 42,714 | $6.7M |
| Cambridge Investment Research Advisors, Inc. | 0.02% | Reduce -0.7% | 42,698 | $6.7M |
| Strategic Blueprint, LLC | 0.28% | Reduce -0.9% | 36,654 | $5.8M |
| Captrust Financial Advisors | 0.01% | Reduce -0.6% | 34,415 | $5.4M |
| Triton Wealth Management, PLLC | 2.23% | — | 32,750 | $5.2M |
| IHT Wealth Management, LLC | 0.14% | Reduce -0.7% | 32,340 | $5.1M |
| Kestra Private Wealth Services, LLC | 0.07% | Reduce -2.6% | 30,656 | $4.8M |
| Brass Tax Wealth Management, Inc. | 0.90% | Reduce -2.6% | 29,703 | $4.7M |
| Chicago Partners Investment Group LLC | 0.13% | Reduce -2.5% | 27,526 | $4.4M |
| NewEdge Advisors, LLC | 0.02% | Add +5.7% | 25,212 | $4.0M |
| Rockefeller Capital Management L.P. | 0.01% | Reduce -0.3% | 24,765 | $3.9M |
| Avantax Advisory Services, Inc. | 0.02% | Reduce -0.3% | 22,788 | $3.6M |
| Schrum Private Wealth Management LLC | 2.83% | No change | 22,424 | $3.5M |
| US Bancorp \de | 0.00% | Add +1.5% | 20,630 | $3.2M |
| Kestra Advisory Services, LLC | 0.02% | Reduce -2.9% | 19,828 | $3.1M |
| Citadel Advisors | 0.00% | Add +327.7% | 19,777 | $3.1M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -14.8% | 18,234 | $2.9M |
| MML Investors Services, LLC | 0.01% | Add +7.7% | 16,510 | $2.6M |
| Socha Financial Group, LLC | 1.15% | Reduce -12.0% | 16,392 | $2.6M |
| Stephens Inc. | 0.04% | Add +0.0% | 16,261 | $2.6M |
| Proactive Wealth Strategies LLC | 1.21% | Reduce -0.1% | 16,242 | $2.6M |
| Wealth Watch Advisors, INC | 1.43% | Reduce -7.8% | 15,724 | $2.5M |
| MTM Investment Management, LLC | 0.79% | Reduce -0.4% | 14,916 | $2.3M |
| L & S Advisors Inc | 0.26% | Add +9.3% | 14,885 | $2.3M |
| Brueske Advisory Services, LLC | 1.57% | Reduce -2.8% | 14,653 | $2.3M |
| CoreCap Advisors, LLC | 0.09% | Reduce -2.8% | 14,237 | $2.2M |
| Farther Finance Advisors, LLC | 0.04% | Add +1.1% | 12,988 | $2.0M |
| Jane Street Group, LLC | 0.00% | Reduce -4.3% | 12,563 | $2.0M |
| HighTower Advisors, LLC | 0.00% | Reduce -0.0% | 11,710 | $1.8M |
| Private Advisor Group, LLC | 0.01% | Reduce -0.0% | 11,633 | $1.8M |
| Plotkin Financial Advisors, LLC | 0.97% | No change | 11,118 | $1.7M |
| Paragon Private Wealth Management, LLC | 0.69% | Reduce -7.8% | 11,003 | $1.7M |
| Novak & Powell Financial Services, Inc. | 1.10% | Reduce -0.8% | 10,092 | $1.6M |
| Arkadios Wealth Advisors | 0.05% | Add +5.7% | 9,937 | $1.6M |
| Jones Financial Companies LLLP | 0.00% | Add +13.6% | 9,986 | $1.6M |
| Arax Advisory Partners | 0.07% | Add +6.3% | 9,803 | $1.5M |
| TFG Advisers LLC | 0.50% | Reduce -0.5% | 9,291 | $1.5M |
| Three Seasons Wealth, LLC | 0.17% | Reduce -7.0% | 9,278 | $1.5M |
| Benjamin Edwards Inc. | 0.02% | Add +14.6% | 8,952 | $1.4M |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.18% | Reduce -6.5% | 8,950 | $1.4M |
| IFP Advisors, Inc | 0.04% | Reduce -1.7% | 8,697 | $1.4M |
| Bawa N Mallick Trust | 0.57% | No change | 8,697 | $1.4M |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +6.4% | 8,180 | $1.3M |
| Baird Financial Group, Inc. | 0.00% | Reduce -6.0% | 7,804 | $1.2M |
| Clear Creek Financial Management, LLC | 0.11% | Reduce -8.6% | 7,624 | $1.2M |
| Retirement Planning Group, LLC | 0.05% | Add +141.4% | 7,557 | $1.2M |
| Cwm, LLC | 0.00% | Reduce -3.2% | 7,138 | $1.1M |
| Ashton Thomas Private Wealth, LLC | 0.04% | Reduce -1.7% | 7,132 | $1.1M |
| RFG Advisory, LLC | 0.03% | Reduce -1.4% | 6,986 | $1.1M |
| Focus Financial Network, Inc. | 0.04% | Add +11.1% | 6,979 | $1.1M |
| Apollon Wealth Management, LLC | 0.02% | Reduce -3.4% | 6,826 | $1.1M |
| Stratos Wealth Partners, LTD. | 0.01% | Reduce -1.9% | 6,554 | $1.0M |
| Prospera Financial Services Inc | 0.02% | Add +3.1% | 6,261 | $986K |
| Equitable Holdings, Inc. | 0.01% | No change | 6,096 | $959K |
| Kesler, Norman & Wride, LLC | 0.17% | Reduce -2.1% | 6,022 | $948K |
| Stablepoint Partners, LLC | 0.15% | Add +2.6% | 5,788 | $911K |
| TruWealth Advisors, LLC | 0.05% | No change | 5,562 | $875K |
| Mutual Advisors, LLC | 0.02% | Add +0.9% | 5,431 | $874K |
| &partners | 0.01% | Add +1.2% | 5,357 | $859K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -3.2% | 5,362 | $844K |
| Wedbush Securities Inc. | 0.03% | Reduce -0.4% | 5,275 | $830K |
| WMG Financial Advisors, LLC | 0.30% | Reduce -1.8% | 5,105 | $803K |
| Comerica Bank | 0.00% | Reduce -0.8% | 5,066 | $797K |
| PGIM Custom Harvest LLC | 0.02% | No change | 4,998 | $786K |
| FMR LLC | 0.00% | Reduce -1.6% | 4,890 | $769K |
| Morey & Quinn Wealth Partners, LLC | 0.62% | Reduce -0.1% | 4,888 | $769K |
| Keybank National Association | 0.00% | No change | 4,801 | $755K |
| International Assets Investment Management, LLC | 0.06% | Reduce -0.5% | 4,457 | $701K |
| TCFG Wealth Management, LLC | 0.32% | Reduce -0.3% | 4,442 | $699K |
| Mariner, LLC | 0.00% | Reduce -0.1% | 4,403 | $693K |
| Independent Financial Group, LLC | 0.02% | Add +76.6% | 4,379 | $689K |
| Coppell Advisory Solutions LLC | 0.08% | No change | 4,273 | $665K |
| Concurrent Investment Advisors, LLC | 0.01% | Reduce -48.1% | 4,157 | $654K |
| Atria Investments, Inc | 0.01% | Reduce -0.5% | 4,042 | $636K |
| Atria Wealth Solutions, Inc. | 0.01% | Add +23.0% | 4,013 | $631K |
| Sanctuary Advisors, LLC | 0.00% | Reduce -6.1% | 4,001 | $630K |
| Regal Investment Advisors LLC | 0.04% | No change | 3,797 | $597K |
| Beacon Pointe Advisors, LLC | 0.01% | Reduce -7.3% | 3,780 | $595K |
| Tyler-Stone Wealth Management | 0.09% | Reduce -22.4% | 3,544 | $558K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +12.9% | 3,388 | $542K |
| Level Four Advisory Services, LLC | 0.02% | Reduce -8.9% | 3,411 | $537K |
| Alamea Verwaltungs GmbH | 0.40% | No change | 3,410 | $537K |
| Gateway Wealth Partners, LLC | 0.10% | Add +1.1% | 3,383 | $532K |
| Clarus Wealth Advisors | 0.25% | No change | 3,332 | $532K |
| Venture Visionary Partners LLC | 0.02% | No change | 3,250 | $511K |
| Harbour Investments, Inc. | 0.01% | Reduce -4.1% | 3,234 | $509K |
| Waverly Advisors, LLC | 0.01% | No change | 3,226 | $508K |
| Prime Capital Investment Advisors, LLC | 0.01% | Reduce -16.6% | 3,183 | $501K |
| IFG Advisory, LLC | 0.02% | Reduce -2.0% | 3,133 | $493K |
| Dale Q Rice Investment Management Ltd | 0.40% | Reduce -50.4% | 3,078 | $483K |
| TrueWealth Advisors, LLC | 0.14% | Reduce -1.3% | 2,995 | $471K |
| D. E. Shaw & Co. | 0.00% | No change | 2,982 | $469K |
| Sargent Investment Group, LLC | 0.06% | No change | 2,795 | $445K |
| Truvestments Capital LLC | 0.09% | Reduce -5.9% | 2,792 | $439K |
| JPMorgan Chase & Co. | 0.00% | Reduce -58.6% | 2,654 | $418K |
| Cyndeo Wealth Partners, LLC | 0.02% | No change | 2,642 | $416K |
| Worth Financial Advisory Group, LLC | 0.25% | Reduce -3.7% | 2,619 | $412K |
| Betterment LLC | 0.00% | Reduce -1.7% | 2,593 | $408K |
| Quadrant Private Wealth Management, LLC | 0.08% | No change | 2,587 | $407K |
| Global Retirement Partners, LLC | 0.01% | — | 2,584 | $407K |
| Signature Estate & Investment Advisors LLC | 0.01% | No change | 2,574 | $405K |
| Ausdal Financial Partners, Inc. | 0.03% | Reduce -12.1% | 2,528 | $398K |
| Old National Bancorp | 0.01% | No change | 2,518 | $396K |
| Foundations Investment Advisors, LLC | 0.01% | New | 2,444 | $385K |
| Bison Wealth, LLC | 0.03% | Reduce -33.0% | 2,398 | $377K |
| StoneX Group Inc. | 0.02% | Reduce -0.7% | 2,356 | $371K |
| Oppenheimer & Co. Inc. | 0.00% | Reduce -0.6% | 2,311 | $364K |
| Corient Private Wealth LP | 0.00% | New | 2,277 | $358K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | Reduce -37.3% | 2,253 | $355K |
| Grantvest Financial Group LLC | 0.26% | No change | 2,201 | $346K |
| Kraft, Davis & Associates, LLC | 0.09% | No change | 2,110 | $343K |
| B. Riley Wealth Advisors, Inc. | 0.02% | Reduce -65.3% | 2,122 | $334K |
| Arete Wealth Advisors, LLC | 0.02% | Reduce -2.4% | 2,083 | $328K |
| Steward Partners Investment Advisory, LLC | 0.00% | Reduce -5.1% | 2,082 | $328K |
| Argent Trust Co | 0.01% | No change | 2,081 | $327K |
| HFG Advisors, Inc. | 0.25% | No change | 2,036 | $320K |
| Empower Advisory Group, LLC | 0.00% | No change | 2,015 | $317K |
| REAP Financial Group, LLC | 0.07% | Reduce -39.1% | 2,005 | $315K |
| Thoroughbred Financial Services, LLC | 0.02% | No change | 2,006 | $315K |
| Destiny Wealth Partners, LLC | 0.04% | No change | 1,980 | $312K |
| Institute for Wealth Management, LLC. | 0.03% | No change | 1,950 | $307K |
| Capital Wealth Alliance, LLC | 0.16% | Reduce -6.8% | 1,912 | $301K |
| Country Club Bank | 0.02% | No change | 1,930 | $300K |
| Nilsine Partners, LLC | 0.03% | Reduce -32.9% | 1,866 | $294K |
| L. Roy Papp & Associates, LLP | 0.03% | No change | 1,843 | $290K |
| Summit Financial, LLC | 0.01% | Add +4.6% | 1,750 | $275K |
| Capital Square, LLC | 0.15% | New | 1,747 | $273K |
| AE Wealth Management LLC | 0.00% | Reduce -56.8% | 1,736 | $273K |
| TradeWell Securities, LLC. | 0.13% | No change | 1,722 | $271K |
| NWF Advisory Services Inc. | 0.03% | Add +2.3% | 1,688 | $266K |
| Intrua Financial, LLC | 0.04% | Reduce -4.0% | 1,674 | $263K |
| Advisory Services Network, LLC | 0.00% | Reduce -3.0% | 1,638 | $262K |
| CreativeOne Wealth, LLC | 0.01% | New | 1,629 | $256K |
| Rf&l Wealth Management, LLC | 0.16% | No change | 1,625 | $256K |
| Fidelis Capital Partners, LLC | 0.02% | No change | 1,564 | $249K |
| One Charles Private Wealth Services, LLC | 0.07% | No change | 1,557 | $245K |
| Americana Partners, LLC | 0.01% | No change | 1,554 | $245K |
| OneDigital Investment Advisors LLC | 0.00% | No change | 1,551 | $244K |
| Park Avenue Securities LLC | 0.00% | Reduce -16.0% | 1,535 | $242K |
| Abound Financial, LLC | 0.11% | Reduce -1.4% | 1,533 | $241K |
| Quantum Private Wealth, LLC | 0.08% | New | 1,500 | $236K |
| Wealth Management Associates, Inc. | 0.09% | New | 1,468 | $231K |
| Kingsview Wealth Management, LLC | 0.00% | New | 1,459 | $230K |
| Cypress Wealth Services, LLC | 0.04% | New | 1,456 | $229K |
| Apollon Financial, LLC | 0.05% | New | 1,411 | $222K |
| Sovran Advisors, LLC | 0.02% | New | 1,378 | $220K |
| Impact Partnership Wealth, LLC | 0.04% | New | 1,399 | $220K |
| World Investment Advisors | 0.01% | New | 1,386 | $218K |
| Pure Financial Advisors, LLC | 0.00% | New | 1,352 | $213K |
| LVZ, Inc. | 0.03% | New | 1,337 | $210K |
| ABLE Financial Group, LLC | 0.05% | New | 1,336 | $210K |
| Blue Trust, Inc. | 0.00% | Reduce -0.1% | 1,331 | $209K |
| Convergence Financial, LLC | 0.04% | New | 1,305 | $205K |
| Daymark Wealth Partners, LLC | 0.01% | New | 1,288 | $203K |
| Cresset Asset Management, LLC | 0.00% | Reduce -61.9% | 1,279 | $201K |
| Delos Wealth Advisors, LLC | 0.15% | New | 1,254 | $197K |
| Integrity Financial Corp | 0.09% | No change | 1,156 | $182K |
| CX Institutional | 0.01% | Reduce -97.5% | 1,129 | $178K |
| Principal Securities, Inc. | 0.00% | No change | 1,063 | $167K |
| Brown Brothers Harriman & Co. | 0.00% | Reduce -13.8% | 1,000 | $157K |
| Sunbelt Securities, Inc. | 0.01% | Add +55.8% | 1,002 | $149K |
| Atwood & Palmer Inc. | 0.01% | Reduce -5.3% | 900 | $142K |
| Smartleaf Asset Management LLC | 0.01% | New | 900 | $140K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | New | 865 | $136K |
| RMG Wealth Management LLC | 0.02% | — | 760 | $121K |
| Geneos Wealth Management Inc. | 0.00% | Add +19.4% | 752 | $118K |
| Physician Wealth Advisors, Inc. | 0.02% | No change | 729 | $115K |
| Crews Bank & Trust | 0.02% | New | 692 | $109K |
| Tanglewood Legacy Advisors, LLC | 0.04% | No change | 661 | $104K |
| WealthShield Partners, LLC | 0.01% | No change | 655 | $103K |
| Spire Wealth Management | 0.00% | Reduce -97.0% | 626 | $99K |
| MCF Advisors LLC | 0.01% | No change | 616 | $97K |
| Blair William & Co. | 0.00% | No change | 615 | $97K |
| Ameritas Advisory Services, LLC | 0.01% | New | 607 | $96K |
| Assetmark, Inc. | 0.00% | Add +252.8% | 561 | $88K |
| Trust Co. of Toledo NA | 0.01% | New | 526 | $83K |
| Harbor Asset Planning, Inc. | 0.08% | — | 506 | $80K |
| Nova Wealth Management, Inc. | 0.06% | Reduce -4.3% | 489 | $77K |
| Biltmore Family Office, LLC | 0.01% | New | 438 | $69K |
| O'shaughnessy Asset Management, LLC | 0.00% | New | 427 | $67K |
| Creative Financial Designs Inc. | 0.00% | No change | 405 | $64K |
| CIBC Private Wealth Group LLC | 0.00% | No change | 389 | $61K |
| MPWM Advisory Solutions, LLC | 0.03% | New | 314 | $49K |
| Russell Investments Group, Ltd. | 0.00% | Reduce -15.7% | 311 | $49K |
| FAS Wealth Partners, Inc. | 0.00% | No change | 292 | $46K |
| Allworth Financial LP | 0.00% | No change | 255 | $40K |
| Lanark Financial, Inc. | 0.00% | Reduce -15.8% | 235 | $37K |
| Bessemer Group Inc. | 0.00% | No change | 232 | $37K |
| HHM Wealth Advisors, LLC | 0.00% | No change | 234 | $37K |
| Westside Investment Management, Inc. | 0.01% | No change | 209 | $33K |
| Trust Co. of Vermont | 0.00% | New | 205 | $32K |
| Asset Dedication, LLC | 0.00% | No change | 197 | $31K |
| Quest 10 Wealth Builders, Inc. | 0.03% | No change | 190 | $30K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -53.5% | 188 | $30K |
| Creative Capital Management Investments LLC | 0.01% | New | 186 | $29K |
| Fifth Third Bancorp | 0.00% | No change | 174 | $27K |
| Luminist Capital LLC | 0.03% | No change | 167 | $26K |
| Ameriflex Group, Inc. | 0.01% | Reduce -88.4% | 168 | $26K |
| HM Payson & Co. | 0.00% | No change | 166 | $26K |
| Barrett & Company, Inc. | 0.01% | No change | 150 | $24K |
| Wilmington Savings Fund Society, FSB | 0.00% | No change | 146 | $23K |
| Semmax Financial Advisors Inc. | 0.01% | New | 135 | $21K |
| Legend Financial Advisors, Inc. | 0.01% | New | 133 | $21K |
| Tidemark, LLC | 0.01% | No change | 129 | $20K |
| Copia Wealth Management | 0.02% | No change | 125 | $20K |
| Farmers & Merchants Investments Inc. | 0.00% | New | 118 | $19K |
| Bogart Wealth, LLC | 0.00% | No change | 109 | $17K |
| Park Square Financial Group, LLC | 0.01% | No change | 100 | $16K |
| 2UniFi Bank | 0.01% | No change | 93 | $15K |
| Beacon Capital Management, LLC | 0.00% | Reduce -55.4% | 87 | $14K |
| Transamerica Financial Advisors, LLC | 0.00% | No change | 86 | $14K |
| Founders Financial Alliance, LLC | 0.00% | No change | 82 | $13K |
| CarsonAllaria Wealth Management, Ltd. | 0.01% | No change | 75 | $12K |
| GPS Wealth Strategies Group, LLC | 0.00% | No change | 70 | $11K |
| Capital Investment Advisory Services, LLC | 0.00% | No change | 67 | $10K |
| Qube Research & Technologies Ltd | 0.00% | No change | 66 | $10K |
| Oliver Lagore Vanvalin Investment Group | 0.00% | — | 67 | $9K |
| Golden State Wealth Management, LLC | 0.00% | No change | 50 | $8K |
| Caldwell Trust Co | 0.00% | No change | 50 | $8K |
| Transce3nd, LLC | 0.00% | No change | 49 | $8K |
| Bank of Montreal | 0.00% | No change | 49 | $8K |
| EverSource Wealth Advisors, LLC | 0.00% | New | 43 | $7K |
| AdvisorNet Financial, Inc | 0.00% | New | 40 | $6K |
| Valued Wealth Advisors LLC | 0.00% | No change | 34 | $5K |
| Eukles Asset Management | 0.00% | No change | 25 | $4K |
| Guardian Wealth Advisors, LLC / NC | 0.00% | No change | 23 | $4K |
| Aptus Capital Advisors, LLC | 0.00% | No change | 23 | $4K |
| POM Investment Strategies, LLC | 0.00% | No change | 9 | $1K |
| DHJJ Financial Advisors, Ltd. | 0.00% | No change | 7 | $1K |
| Valley National Advisers Inc. | 0.00% | No change | 12 | $1K |
| Capital Analysts, LLC | 0.00% | New | 5 | $1K |
| Citigroup Inc. | 0.00% | New | 1 | $157 |
"% of holder's portfolio" is FXL's weight in each manager's 13F, not the share of First Trust Technology Alpha the manager owns.