First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF
AFEM
39 hedge funds and large institutions have $73.6M invested in First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF in 2026 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 6 closing their positions.
180% more capital inflows, than outflows
Capital inflows: $13.6M | Capital outflows: $4.85M
11.37% more ownership
Funds ownership: 82.7% → 94.07% (+11%)
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 41 → 39 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$7.35M |
| 2 |
J.W. Cole Advisors
Tampa,
Florida
|
+$2.32M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.57M |
| 4 |
Coppell Advisory Solutions
Coppell,
Texas
|
+$1.39M |
| 5 |
Jane Street
New York
|
+$249K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$1.47M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$839K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$429K |
| 4 |
Ferguson Shapiro
Decatur,
Georgia
|
-$388K |
| 5 |
MGO One Seven
Beachwood,
Ohio
|
-$318K |
AFEM Hedge Fund Activity: Q2 2026 in Review
39 of the 8,363 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 Q2 2026, worth a combined $73.6M — up 27% from $58M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of AFEM and 5 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 12 added.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $7.35M. The largest seller was Cetera Investment Advisers, cutting an estimated $1.47M.
- 39 institutional investors held First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF (AFEM) as of Q2 2026, down from 41 in Q1 2026.
- Funds reported $73.6M of First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF stock for Q2 2026, up 27% quarter-over-quarter.
- 5 funds opened new First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF positions in Q2 2026 and 6 closed out, a net change of -1 holder.
- The largest First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF buyer in Q2 2026 was Janney Montgomery Scott, an estimated $7.35M added.
- The largest First Trust Exchange-Traded Fund III First Trust Active Factor Emerging Markets ETF seller in Q2 2026 was Cetera Investment Advisers, an estimated $1.47M sold.
Based on aggregated 13F filings for Q2 2026.