First Trust Managed Futures Strategy Fund
FMF
82 hedge funds and large institutions have $207M invested in First Trust Managed Futures Strategy Fund in 2026 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 41 increasing their positions, 26 reducing their positions, and 11 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 26
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
14% more capital invested
Capital invested by funds: $181M → $207M (+$25.5M)
0% more funds holding
Funds holding: 82 → 82 (0)
4.01% less ownership
Funds ownership: 86.43% → 82.42% (-4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.29M |
| 2 |
LPL Financial
San Diego,
California
|
+$4.35M |
| 3 |
AFFA
ALM First Financial Advisors
Dallas,
Texas
|
+$2.52M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$2.31M |
| 5 |
GWP
Gateway Wealth Partners
Appleton,
Wisconsin
|
+$2.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
-$10.3M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$647K |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$553K |
| 4 |
PFA
Professional Financial Advisors
North Platte,
Nebraska
|
-$484K |
| 5 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$469K |
FMF Hedge Fund Activity: Q1 2026 in Review
82 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q1 2026, worth a combined $207M — up 14% from $181M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FMF positions and 11 closed out — a net gain of 2 holders — while 41 added to existing stakes and 26 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $6.29M. The largest seller was Coppell Advisory Solutions, exiting entirely with an estimated $10.3M sold.
- 82 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q1 2026, unchanged from Q4 2025.
- Funds reported $207M of First Trust Managed Futures Strategy Fund stock for Q1 2026, up 14% quarter-over-quarter.
- 13 funds opened new First Trust Managed Futures Strategy Fund positions in Q1 2026 and 11 closed out, a net change of +2 holders.
- The largest First Trust Managed Futures Strategy Fund buyer in Q1 2026 was Morgan Stanley, an estimated $6.29M added.
- The largest First Trust Managed Futures Strategy Fund seller in Q1 2026 was Coppell Advisory Solutions, an estimated $10.3M sold.
Based on aggregated 13F filings for Q1 2026.