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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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
32
Holders Change
+2
Holders Change %
+6.67%
% of All Funds
0.39%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
5
Increased
20
Reduced
4
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
+$2.93M
2
LPL Financial
LPL Financial
California
+$2.19M
3
USCWA
U.S. Capital Wealth Advisors
Texas
+$2.17M
4
JP Morgan Chase
JP Morgan Chase
New York
+$1.02M
5
TRCT
Tower Research Capital (TRC)
New York
+$1.01M

Top Sellers

1
IA
IFG Advisory
Georgia
-$2.03M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$560K
3
CFD
Creative Financial Designs
Indiana
-$536K
4
BFA
Beacon Financial Advisory
Ohio
-$386K
5
Osaic Holdings
Osaic Holdings
Arizona
-$333K
Name Holding Trade Value Shares
Change 		Change in
Stake
JJBC
1
James J. Burns & Company
New York
$18.1M +$864K +25,406 +5%
Carson Wealth (CWM LLC)
2
Carson Wealth (CWM LLC)
Nebraska
$13.9M +$2.93M +86,134 +26%
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$6.6M +$384K +11,307 +6%
Truist Financial
4
Truist Financial
North Carolina
$6.34M +$269K +7,921 +4%
LPL Financial
5
LPL Financial
California
$5.99M +$2.19M +64,302 +54%
JP Morgan Chase
6
JP Morgan Chase
New York
$4.34M +$1.02M +30,122 +28%
Cetera Investment Advisers
7
Cetera Investment Advisers
Illinois
$2.76M -$135K -3,983 -5%
FDCDDQ
8
Federation des caisses Desjardins du Quebec
Quebec, Canada
$2.59M +$51.7K +1,521 +2%
MOS
9
MGO One Seven
Ohio
$2.42M +$100K +2,952 +4%
USCWA
10
U.S. Capital Wealth Advisors
Texas
$2.1M +$2.17M +63,919 New
SCA
11
Snowden Capital Advisors
New York
$1.65M +$372K +10,952 +28%
EFG
12
Ethos Financial Group
Pennsylvania
$1.49M +$143K +4,213 +10%
Osaic Holdings
13
Osaic Holdings
Arizona
$1.48M -$333K -9,807 -18%
TRCT
14
Tower Research Capital (TRC)
New York
$975K +$1.01M +29,686 New
KAS
15
Kestra Advisory Services
Texas
$924K +$42.4K +1,246 +5%
CWA
16
Crusonia Wealth Advisors
Colorado
$618K +$68 +2 +0%
AP
17
Advisortrust Partners
North Carolina
$564K – – –
MC
18
Moors & Cabot
Massachusetts
$548K +$102K +3,014 +22%
Citadel Advisors
19
Citadel Advisors
Florida
$464K +$480K +14,125 New
FPWM
20
FSB Premier Wealth Management
Iowa
$350K +$43.7K +1,285 +14%
WEG
21
World Equity Group
Illinois
$338K +$5.37K +158 +2%
SMC
22
Smith, Moore & Co
Missouri
$328K +$40.1K +1,179 +13%
KPWS
23
Kestra Private Wealth Services
Texas
$300K +$68 +2 +0%
WS
24
Wedbush Securities
California
$230K – – –
RA
25
RFG Advisory
Alabama
$226K +$234K +6,875 New
1
2

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.