FT Vest US Equity Buffer ETF May
FMAY
117 hedge funds and large institutions have $229M invested in FT Vest US Equity Buffer ETF May in 2025 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 21 increasing their positions, 48 reducing their positions, and 15 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
2% less funds holding
Funds holding: 119 → 117 (-2)
6.16% less ownership
Funds ownership: 27.87% → 21.72% (-6.2%)
15% less capital invested
Capital invested by funds: $270M → $229M (-$41.2M)
56% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 48
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LWMI
Legacy Wealth Management (Idaho)
Boise,
Idaho
|
+$4.16M |
| 2 |
AssetMark Inc
Concord,
California
|
+$1.24M |
| 3 |
RFG
REAP Financial Group
Austin,
Texas
|
+$1.03M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$994K |
| 5 |
SB
Strategic Blueprint
Atlanta,
Georgia
|
+$938K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$21.7M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$9.14M |
| 3 |
AA
Armis Advisers
Atlanta,
Georgia
|
-$6.86M |
| 4 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
-$5.42M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$4.04M |
FMAY Hedge Fund Activity: Q3 2025 in Review
117 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in FT Vest US Equity Buffer ETF May (FMAY) for Q3 2025, worth a combined $229M — down 15% from $270M a quarter earlier.
Fund positioning in FMAY was balanced in Q3 2025: 15 funds opened new positions, 15 closed out, 21 added to existing stakes and 48 trimmed.
The largest buyer was Legacy Wealth Management (Idaho), opening a new position worth an estimated $4.16M. The largest seller was Envestnet Asset Management, cutting an estimated $21.7M.
- 117 institutional investors held FT Vest US Equity Buffer ETF May (FMAY) as of Q3 2025, down from 119 in Q2 2025.
- Funds reported $229M of FT Vest US Equity Buffer ETF May stock for Q3 2025, down 15% quarter-over-quarter.
- 15 funds opened new FT Vest US Equity Buffer ETF May positions in Q3 2025 and 15 closed out, a net change of 0 holders.
- The largest FT Vest US Equity Buffer ETF May buyer in Q3 2025 was Legacy Wealth Management (Idaho), an estimated $4.16M added.
- The largest FT Vest US Equity Buffer ETF May seller in Q3 2025 was Envestnet Asset Management, an estimated $21.7M sold.
Based on aggregated 13F filings for Q3 2025.