First Trust Active Factor Small Cap ETF
AFSM
32 hedge funds and large institutions have $76.1M invested in First Trust Active Factor Small Cap ETF in 2026 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 4 reducing their positions, and 3 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 4
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
12% more capital invested
Capital invested by funds: $68.1M → $76.1M (+$7.97M)
7% more funds holding
Funds holding: 30 → 32 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.87% less ownership
Funds ownership: 103.57% → 98.7% (-4.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$2.93M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.19M |
| 3 |
USCWA
U.S. Capital Wealth Advisors
Austin,
Texas
|
+$2.17M |
| 4 |
JP Morgan Chase
New York
|
+$1.02M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
IFG Advisory
Atlanta,
Georgia
|
-$2.03M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$560K |
| 3 |
CFD
Creative Financial Designs
Kokomo,
Indiana
|
-$536K |
| 4 |
BFA
Beacon Financial Advisory
Cleveland,
Ohio
|
-$386K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$333K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWA
26
Arkadios Wealth Advisors
Atlanta,
Georgia
| $207K | +$816 | +24 | +0.4% |
|
|
FFA
27
Farther Finance Advisors
San Francisco,
California
| $104K | +$38.2K | +1,123 | +56% |
|
|
HI
28
Harbour Investments
Madison,
Wisconsin
| $39.9K | – | – | – |
|
|
CFD
29
Creative Financial Designs
Kokomo,
Indiana
| $37.9K | -$536K | -15,757 | -93% |
|
30
National Bank of Canada
Montreal,
Quebec, Canada
| $36.7K | -$1.77K | -52 | -4% |
|
31
Morgan Stanley
New York
| $13.5K | +$13.9K | +409 | +40,900% |
|
|
FFA
32
Founders Financial Alliance
Raleigh,
North Carolina
| $8.21K | +$8.5K | +250 | New |
|
|
IA
33
IFG Advisory
Atlanta,
Georgia
| – | -$2.03M | -61,679 | Closed |
|
|
34
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$560K | -17,033 | Closed |
|
|
BFA
35
Beacon Financial Advisory
Cleveland,
Ohio
| – | -$386K | -11,745 | Closed |
|
AFSM Hedge Fund Activity: Q1 2026 in Review
32 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust Active Factor Small Cap ETF (AFSM) for Q1 2026, worth a combined $76.1M — up 12% from $68.1M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new AFSM positions and 3 closed out — a net gain of 2 holders — while 20 added to existing stakes and 4 trimmed.
The largest buyer was Carson Wealth (CWM LLC), adding an estimated $2.93M. The largest seller was IFG Advisory, exiting entirely with an estimated $2.03M sold.
- 32 institutional investors held First Trust Active Factor Small Cap ETF (AFSM) as of Q1 2026, up from 30 in Q4 2025.
- Funds reported $76.1M of First Trust Active Factor Small Cap ETF stock for Q1 2026, up 12% quarter-over-quarter.
- 5 funds opened new First Trust Active Factor Small Cap ETF positions in Q1 2026 and 3 closed out, a net change of +2 holders.
- The largest First Trust Active Factor Small Cap ETF buyer in Q1 2026 was Carson Wealth (CWM LLC), an estimated $2.93M added.
- The largest First Trust Active Factor Small Cap ETF seller in Q1 2026 was IFG Advisory, an estimated $2.03M sold.
Based on aggregated 13F filings for Q1 2026.