First Trust Managed Futures Strategy Fund
FMF
30 hedge funds and large institutions have $23.7M invested in First Trust Managed Futures Strategy Fund in 2020 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 3 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
19% more capital invested
Capital invested by funds: $19.9M → $23.7M (+$3.77M)
3% more funds holding
Funds holding: 29 → 30 (+1)
3.22% more ownership
Funds ownership: 69.28% → 72.5% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cambria Investment Management
Manhattan Beach,
California
|
+$720K |
| 2 |
LPL Financial
San Diego,
California
|
+$697K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$588K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$434K |
| 5 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
+$261K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$772K |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
-$317K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$122K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$63.9K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$33K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $9K | – | – | – |
|
27
Fifth Third Bancorp
Cincinnati,
Ohio
| $7K | – | – | – |
|
|
LAS
28
Lloyd Advisory Services
Suwanee,
Georgia
| $5K | -$579 | -13 | -10% |
|
29
UBS Group
Zurich,
Switzerland
| $4K | -$11.2K | -251 | -72% |
|
|
CAL
30
Capital Analysts LLC
Fort Washington,
Pennsylvania
| $4K | – | – | – |
|
|
31
Truist Financial
Charlotte,
North Carolina
| – | -$317K | -7,173 | Closed |
|
|
CAN
32
Cetera Advisor Networks
El Segundo,
California
| – | -$122K | -2,765 | Closed |
|
|
PAG
33
Private Advisor Group
Morristown,
New Jersey
| – | -$3K | -62 | Closed |
|
FMF Hedge Fund Activity: Q3 2020 in Review
30 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q3 2020, worth a combined $23.7M — up 19% from $19.9M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FMF positions and 3 closed out — a net gain of 1 holder — while 15 added to existing stakes and 8 trimmed.
The largest buyer was Cambria Investment Management, adding an estimated $720K. The largest seller was Susquehanna International Group, cutting an estimated $772K.
- 30 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q3 2020, up from 29 in Q2 2020.
- Funds reported $23.7M of First Trust Managed Futures Strategy Fund stock for Q3 2020, up 19% quarter-over-quarter.
- 4 funds opened new First Trust Managed Futures Strategy Fund positions in Q3 2020 and 3 closed out, a net change of +1 holder.
- The largest First Trust Managed Futures Strategy Fund buyer in Q3 2020 was Cambria Investment Management, an estimated $720K added.
- The largest First Trust Managed Futures Strategy Fund seller in Q3 2020 was Susquehanna International Group, an estimated $772K sold.
Based on aggregated 13F filings for Q3 2020.