First Trust Managed Futures Strategy Fund
FMF
78 hedge funds and large institutions have $120M invested in First Trust Managed Futures Strategy Fund in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 36 increasing their positions, 24 reducing their positions, and 15 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 24
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
4% less funds holding
Funds holding: 81 → 78 (-3)
7% less capital invested
Capital invested by funds: $129M → $120M (-$8.78M)
8.01% less ownership
Funds ownership: 91.62% → 83.61% (-8%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
TCP Asset Management
Columbus,
Ohio
|
+$1.89M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.75M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.65M |
| 4 |
MCM
Mainstay Capital Management
Grand Blanc,
Michigan
|
+$1.3M |
| 5 |
SW
Simplicity Wealth
Summit,
New Jersey
|
+$976K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFGM
Marshall Financial Group (Maryland)
Hunt Valley,
Maryland
|
-$7.01M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.95M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$5.46M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.57M |
| 5 |
Jane Street
New York
|
-$2.73M |
FMF Hedge Fund Activity: Q1 2024 in Review
78 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q1 2024, worth a combined $120M — down 6.8% from $129M a quarter earlier.
Fund positioning in FMF was balanced in Q1 2024: 15 funds opened new positions, 15 closed out, 36 added to existing stakes and 24 trimmed.
The largest buyer was TCP Asset Management, adding an estimated $1.89M. The largest seller was Marshall Financial Group (Maryland), exiting entirely with an estimated $7.01M sold.
- 78 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q1 2024, down from 81 in Q4 2023.
- Funds reported $120M of First Trust Managed Futures Strategy Fund stock for Q1 2024, down 6.8% quarter-over-quarter.
- 15 funds opened new First Trust Managed Futures Strategy Fund positions in Q1 2024 and 15 closed out, a net change of 0 holders.
- The largest First Trust Managed Futures Strategy Fund buyer in Q1 2024 was TCP Asset Management, an estimated $1.89M added.
- The largest First Trust Managed Futures Strategy Fund seller in Q1 2024 was Marshall Financial Group (Maryland), an estimated $7.01M sold.
Based on aggregated 13F filings for Q1 2024.