First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF
AFEM
36 hedge funds and large institutions have $50.5M invested in First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 4 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 6
115% more capital inflows, than outflows
Capital inflows: $13.8M | Capital outflows: $6.41M
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
9% more funds holding
Funds holding: 33 → 36 (+3)
7.33% more ownership
Funds ownership: 90.55% → 97.88% (+7.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ferguson Shapiro
Decatur,
Georgia
|
+$7.49M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.92M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.02M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$647K |
| 5 |
Triad Wealth Partners
Lawrence,
Kansas
|
+$464K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Old Mission Capital
Chicago,
Illinois
|
-$4.57M |
| 2 |
Jane Street
New York
|
-$1.51M |
| 3 |
NBC Securities
Birmingham,
Alabama
|
-$83.4K |
| 4 |
Sunbelt Securities
Houston,
Texas
|
-$74K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$73.8K |
AFEM Hedge Fund Activity: Q4 2025 in Review
36 of the 8,297 institutional investors tracked by Wall St. Rank reported a position in First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF (AFEM) for Q4 2025, worth a combined $50.5M — up 22% from $41.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new AFEM positions and 4 closed out — a net gain of 3 holders — while 15 added to existing stakes and 6 trimmed.
The largest buyer was Ferguson Shapiro, opening a new position worth an estimated $7.49M. The largest seller was Old Mission Capital, exiting entirely with an estimated $4.57M sold.
- 36 institutional investors held First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF (AFEM) as of Q4 2025, up from 33 in Q3 2025.
- Funds reported $50.5M of First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF stock for Q4 2025, up 22% quarter-over-quarter.
- 7 funds opened new First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF positions in Q4 2025 and 4 closed out, a net change of +3 holders.
- The largest First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF buyer in Q4 2025 was Ferguson Shapiro, an estimated $7.49M added.
- The largest First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF seller in Q4 2025 was Old Mission Capital, an estimated $4.57M sold.
Based on aggregated 13F filings for Q4 2025.