First Trust Active Factor Small Cap ETF
AFSM
26 hedge funds and large institutions have $36.9M invested in First Trust Active Factor Small Cap ETF in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
24% more funds holding
Funds holding: 21 → 26 (+5)
21% more capital invested
Capital invested by funds: $30.4M → $36.9M (+$6.47M)
8.24% more ownership
Funds ownership: 94.59% → 102.84% (+8.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$2.94M |
| 2 |
IA
IFG Advisory
Atlanta,
Georgia
|
+$1.66M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$999K |
| 4 |
LPL Financial
San Diego,
California
|
+$963K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$954K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSP
Cary Street Partners
Richmond,
Virginia
|
-$1.66M |
| 2 |
BAWC
Boyce & Associates Wealth Consulting
Cedar Park,
Texas
|
-$856K |
| 3 |
BFA
Beacon Financial Advisory
Cleveland,
Ohio
|
-$735K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$633K |
| 5 |
WEG
World Equity Group
Schaumburg,
Illinois
|
-$472K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| $51 | +$28 | +1 | New |
|
|
CSP
27
Cary Street Partners
Richmond,
Virginia
| – | -$1.66M | -59,481 | Closed |
|
|
BAWC
28
Boyce & Associates Wealth Consulting
Cedar Park,
Texas
| – | -$856K | -30,626 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | -$633K | -22,647 | Closed |
|
|
GWM
30
Geneos Wealth Management
Englewood,
Colorado
| – | -$328K | -11,750 | Closed |
|
AFSM Hedge Fund Activity: Q2 2025 in Review
26 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in First Trust Active Factor Small Cap ETF (AFSM) for Q2 2025, worth a combined $36.9M — up 21% from $30.4M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new AFSM positions and 4 closed out — a net gain of 5 holders — while 9 added to existing stakes and 5 trimmed.
The largest buyer was Carson Wealth (CWM LLC), opening a new position worth an estimated $2.94M. The largest seller was Cary Street Partners, exiting entirely with an estimated $1.66M sold.
- 26 institutional investors held First Trust Active Factor Small Cap ETF (AFSM) as of Q2 2025, up from 21 in Q1 2025.
- Funds reported $36.9M of First Trust Active Factor Small Cap ETF stock for Q2 2025, up 21% quarter-over-quarter.
- 9 funds opened new First Trust Active Factor Small Cap ETF positions in Q2 2025 and 4 closed out, a net change of +5 holders.
- The largest First Trust Active Factor Small Cap ETF buyer in Q2 2025 was Carson Wealth (CWM LLC), an estimated $2.94M added.
- The largest First Trust Active Factor Small Cap ETF seller in Q2 2025 was Cary Street Partners, an estimated $1.66M sold.
Based on aggregated 13F filings for Q2 2025.