First Trust Managed Futures Strategy Fund
FMF
70 hedge funds and large institutions have $146M invested in First Trust Managed Futures Strategy Fund in 2022 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 35 increasing their positions, 22 reducing their positions, and 9 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
59% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 22
25% more capital invested
Capital invested by funds: $117M → $146M (+$29M)
6.59% more ownership
Funds ownership: 73.46% → 80.06% (+6.6%)
1% less funds holding
Funds holding: 71 → 70 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cambria Investment Management
Manhattan Beach,
California
|
+$12.5M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$4.39M |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$3.59M |
| 4 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
+$2.96M |
| 5 |
GVAG
Great Valley Advisor Group
Wilmington,
Delaware
|
+$1.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.37M |
| 2 |
EH
Equitable Holdings
New York
|
-$1.75M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.4M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.09M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$929K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HWA
76
HHM Wealth Advisors
Chattanooga,
Tennessee
| – | -$19K | -366 | Closed |
|
|
TCWM
77
Total Clarity Wealth Management
St. Charles,
Illinois
| – | -$8K | -147 | Closed |
|
|
CA
78
CoreCap Advisors
Southfield,
Michigan
| – | -$3K | -55 | Closed |
|
79
Morgan Stanley
New York
| – | +$50 | +1 | New |
|
FMF Hedge Fund Activity: Q3 2022 in Review
70 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q3 2022, worth a combined $146M — up 25% from $117M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FMF and 8 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 35 added.
The largest buyer was Cambria Investment Management, adding an estimated $12.5M. The largest seller was Osaic Holdings, cutting an estimated $2.37M.
- 70 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q3 2022, down from 71 in Q2 2022.
- Funds reported $146M of First Trust Managed Futures Strategy Fund stock for Q3 2022, up 25% quarter-over-quarter.
- 8 funds opened new First Trust Managed Futures Strategy Fund positions in Q3 2022 and 9 closed out, a net change of -1 holder.
- The largest First Trust Managed Futures Strategy Fund buyer in Q3 2022 was Cambria Investment Management, an estimated $12.5M added.
- The largest First Trust Managed Futures Strategy Fund seller in Q3 2022 was Osaic Holdings, an estimated $2.37M sold.
Based on aggregated 13F filings for Q3 2022.