Key Points
Bison Wealth added 450,926 shares of FTGC during the fourth quarter, an estimated $11.72 million trade based on quarterly average pricing.
Meanwhile, the quarter-end FTGC stake was valued at $12.93 million.
The new position represents 1.45% of 13F assets.
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Bison Wealth initiated a new position in the First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC), acquiring 450,926 shares in the fourth quarter. The estimated trade value was $11.72 million, based on quarterly average pricing, according to a March 24, 2026, SEC filing.
What happened
According to a March 24, 2026, SEC filing, Bison Wealth disclosed a new stake of 450,926 shares in the First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) during the fourth quarter. The estimated transaction value was $11.72 million, based on the period's average closing prices. Meanwhile, the quarter-end value of the position was $12.93 million, reflecting both the share acquisition and price movement over the period.
What else to know
- This new position accounts for 1.45% of Bison Wealth, LLC’s 13F reportable assets as of December 31, 2025.
- Top holdings after the filing:
- NYSEMKT:OVL: $87.86 million (9.9% of AUM)
- NYSEMKT:OVLH: $41.34 million (4.7% of AUM)
- NYSEMKT:OVT: $32.37 million (3.6% of AUM)
- NYSEMKT:BIL: $29.27 million (3.3% of AUM)
- NYSEMKT:OVB: $22.30 million (2.5% of AUM)
- As of March 23, 2026, FTGC shares were priced at $27.89; the fund is up about 11% over the past year, and it carries a recent yield of about 16%.
ETF overview
| Metric | Value |
|---|---|
| AUM | $2.4 billion |
| Price (as of market close 2026-03-23) | $27.89 |
| Yield (TTM) | 16% |
ETF snapshot
- FTGC is an actively managed ETF seeking total return and a stable risk profile through diversified commodity exposure.
- It is structured as an exchange-traded fund.
- The fund targets institutional and retail investors seeking income and diversification through commodities.
The First Trust Global Tactical Commodity Strategy Fund (FTGC) is a large, actively managed ETF with net assets of roughly $2.4 billion. The fund provides investors with diversified access to global commodity markets, seeking to balance return potential with risk management through tactical asset allocation. FTGC's robust distribution yield and strong one-year total return highlight its role as a potential income and diversification tool within institutional portfolios.
What this transaction means for investors
This move stands out relative to Bison Wealth’s top holdings, which are largely concentrated in structured products, cash equivalents, and equities. Commodities play a different role than all three, and that’s particularly interesting given recent uncertainty around inflation, rates, and, of course, geopolitics.
Against that backdrop, FTGC has been a standout performer. The fund is up 20% year to date, as the broader market, on the other hand, has struggled to be in positive territory. Even better for investors, the ETF is holding on to a roughly 16% distribution rate for the last 12 months, something that should certainly pique the interest of those looking to prioritize yield. Nevertheless, it’s important to remember that commodity exposure can bring volatility, and that’ll be particularly true for FTGC, whose top holdings include gold, gasoline, and coffee futures. With all this in mind, it seems like FTGC provides a good complement to the rest of this portfolio, offering protection during choppy markets but sometimes subject to that volatility itself.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
