First Trust Active Factor Small Cap ETF
AFSM
21 hedge funds and large institutions have $30.2M invested in First Trust Active Factor Small Cap ETF in 2025 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 2 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
5% more funds holding
Funds holding: 20 → 21 (+1)
2.33% more ownership
Funds ownership: 91.76% → 94.08% (+2.3%)
0% less capital invested
Capital invested by funds: $30.4M → $30.2M (-$123K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$829K |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
+$684K |
| 3 |
LPL Financial
San Diego,
California
|
+$633K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$586K |
| 5 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$207K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAWC
Boyce & Associates Wealth Consulting
Cedar Park,
Texas
|
-$655K |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$489K |
| 3 |
BFA
Beacon Financial Advisory
Cleveland,
Ohio
|
-$239K |
| 4 |
IFG
Independent Financial Group
San Diego,
California
|
-$211K |
| 5 |
CSP
Cary Street Partners
Richmond,
Virginia
|
-$72.1K |
AFSM Hedge Fund Activity: Q1 2025 in Review
21 of the 7,476 institutional investors tracked by Wall St. Rank reported a position in First Trust Active Factor Small Cap ETF (AFSM) for Q1 2025, worth a combined $30.2M — down 0.4% from $30.4M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new AFSM positions and 2 closed out — a net gain of 1 holder — while 12 added to existing stakes and 6 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $829K. The largest seller was Boyce & Associates Wealth Consulting, cutting an estimated $655K.
- 21 institutional investors held First Trust Active Factor Small Cap ETF (AFSM) as of Q1 2025, up from 20 in Q4 2024.
- Funds reported $30.2M of First Trust Active Factor Small Cap ETF stock for Q1 2025, down 0.4% quarter-over-quarter.
- 3 funds opened new First Trust Active Factor Small Cap ETF positions in Q1 2025 and 2 closed out, a net change of +1 holder.
- The largest First Trust Active Factor Small Cap ETF buyer in Q1 2025 was Envestnet Asset Management, an estimated $829K added.
- The largest First Trust Active Factor Small Cap ETF seller in Q1 2025 was Boyce & Associates Wealth Consulting, an estimated $655K sold.
Based on aggregated 13F filings for Q1 2025.