First Trust Active Factor Small Cap ETF
AFSM
38 hedge funds and large institutions have $89.3M invested in First Trust Active Factor Small Cap ETF in 2026 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 1 closing their positions.
800% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 1
60% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 10
19% more funds holding
Funds holding: 32 → 38 (+6)
17% more capital invested
Capital invested by funds: $76.1M → $89.3M (+$13.3M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
16.55% less ownership
Funds ownership: 98.7% → 82.16% (-17%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$3.52M |
| 2 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
+$2.42M |
| 3 |
IA
IFG Advisory
Atlanta,
Georgia
|
+$2.16M |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.75M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$573K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$464K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$234K |
| 4 |
SCA
Snowden Capital Advisors
New York
|
-$212K |
| 5 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$67.2K |
AFSM Hedge Fund Activity: Q2 2026 in Review
38 of the 8,318 institutional investors tracked by Wall St. Rank reported a position in First Trust Active Factor Small Cap ETF (AFSM) for Q2 2026, worth a combined $89.3M — up 17% from $76.1M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new AFSM positions and 1 closed out — a net gain of 8 holders — while 16 added to existing stakes and 10 trimmed.
The largest buyer was LPL Financial, adding an estimated $3.52M. The largest seller was Tower Research Capital (TRC), cutting an estimated $573K.
- 38 institutional investors held First Trust Active Factor Small Cap ETF (AFSM) as of Q2 2026, up from 32 in Q1 2026.
- Funds reported $89.3M of First Trust Active Factor Small Cap ETF stock for Q2 2026, up 17% quarter-over-quarter.
- 9 funds opened new First Trust Active Factor Small Cap ETF positions in Q2 2026 and 1 closed out, a net change of +8 holders.
- The largest First Trust Active Factor Small Cap ETF buyer in Q2 2026 was LPL Financial, an estimated $3.52M added.
- The largest First Trust Active Factor Small Cap ETF seller in Q2 2026 was Tower Research Capital (TRC), an estimated $573K sold.
Based on aggregated 13F filings for Q2 2026.