First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
US ˙ ARCA ˙ US33739P8555

SecurityFPEI / First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
InstitutionCitadel Advisors Llc
ManagerKen Griffin
Latest Disclosed Ownership35,520 shares
Latest Disclosed Value $ 688,733
Citadel Advisors Llc reports 22.59% increase in ownership of FPEI / First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF

On February 17, 2026 - Citadel Advisors Llc filed a 13F-HR form disclosing ownership of 35,520 shares of First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF (US:FPEI) valued at $688,733 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 28,974 shares of First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF. This represents a change in shares of 22.59% during the quarter. The current value of the position is $682,694 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-17 2025-12-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 35,520 6,546 22.59 689 22.86 0.0001
2025-11-14 2025-09-30 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 28,974 13,268 84.48 560 87.92 0.0001
2025-08-14 2025-06-30 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 15,706 15,706 298 0.0001
2025-05-15 2025-03-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 0 -14,234 -100.00 0 -100.00
2025-02-14 2024-12-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 14,234 14,234 266 0.0000
2024-05-15 2024-03-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 0 -17,584 -100.00 0 -100.00
2024-02-14 2023-12-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 17,584 17,584 314 0.0001
2023-02-14 2022-12-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 0 -27,680 -100.00 0 -100.00
2022-11-14 2022-09-30 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 27,680 -176,861 -86.47 475 -86.89 0.0001
2022-08-15 2022-06-30 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 204,541 138,282 208.70 3,624 182.02 0.0009
2022-05-16 2022-03-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 66,259 66,259 1,285 0.0003
2022-02-14 2021-12-31 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 0 -48,309 -100.00 0 -100.00
2021-11-15 2021-09-30 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 48,309 48,309 998 0.0002
2021-02-16 2020-12-31 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 0 -170,307 -100.00 0 -100.00
2020-11-16 2020-09-30 13F FIRST TR EXCH TRADED FD III INSTL PFD SECS 33739P855 170,307 -101,268 -37.29 3,301 -35.48 0.0009
2020-08-14 2020-06-30 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 271,575 271,575 5,116 0.0018
2020-05-15 2020-03-31 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 0 -26,770 -100.00 0 -100.00
2020-02-14 2019-12-31 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 26,770 5,606 26.49 537 29.40 0.0002
2019-11-14 2019-09-30 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 21,164 -56,701 -72.82 415 -72.55 0.0002
2019-08-14 2019-06-30 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 77,865 -5,449 -6.54 1,512 -4.55 0.0007
2019-05-15 2019-03-31 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 83,314 83,314 1,584 0.0008
2019-02-14 2018-12-31 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 0 -32,066 -100.00 0 -100.00
2018-11-13 2018-09-30 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 32,066 17,315 117.38 609 117.50 0.0003
2018-08-14 2018-06-30 13F/A-1 FIRST TR EXCH TRADED FD III Cmn 33739P855 14,751 -38,377 -72.23 280 -72.95 0.0001
2018-08-10 2018-06-30 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 14,751 -38,377 280
2018-05-14 2018-03-31 13F/A-1 FIRST TR EXCH TRADED FD III Cmn 33739P855 53,128 53,128 1,035 0.0006
2018-05-11 2018-03-31 13F FIRST TR EXCH TRADED FD III Cmn 33739P855 53,128 1,035
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.