First Trust Managed Futures Strategy Fund
FMF
67 hedge funds and large institutions have $107M invested in First Trust Managed Futures Strategy Fund in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 31 increasing their positions, 24 reducing their positions, and 16 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 24
6.28% less ownership
Funds ownership: 83.61% → 77.33% (-6.3%)
11% less capital invested
Capital invested by funds: $120M → $107M (-$13M)
14% less funds holding
Funds holding: 78 → 67 (-11)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$899K |
| 2 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$871K |
| 3 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
+$823K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$758K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$492K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cambria Investment Management
Manhattan Beach,
California
|
-$3.31M |
| 2 |
AWA
Authentikos Wealth Advisory
Morgan Hill,
California
|
-$2.77M |
| 3 |
Jane Street
New York
|
-$1.51M |
| 4 |
MCM
Mainstay Capital Management
Grand Blanc,
Michigan
|
-$1.35M |
| 5 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$1.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DAS
76
Diversify Advisory Services
Sandy,
Utah
| – | -$228K | -4,518 | Closed |
|
|
DADC
77
D.A. Davidson & Co
Great Falls,
Montana
| – | -$217K | -4,300 | Closed |
|
|
PA
78
PFG Advisors
Phoenix,
Arizona
| – | -$212K | -4,192 | Closed |
|
|
PAG
79
Private Advisor Group
Morristown,
New Jersey
| – | -$205K | -4,054 | Closed |
|
|
FGAM
80
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$9K | -178 | Closed |
|
81
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$6K | -118 | Closed |
|
|
NS
82
NBC Securities
Birmingham,
Alabama
| – | -$2K | -48 | Closed |
|
83
Fidelity Investments
Boston,
Massachusetts
| – | -$51 | -1 | Closed |
|
FMF Hedge Fund Activity: Q2 2024 in Review
67 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q2 2024, worth a combined $107M — down 11% from $120M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FMF and 8 opened new positions — a net loss of 8 holders — while 24 trimmed existing stakes and 31 added.
The largest buyer was AE Wealth Management, adding an estimated $899K. The largest seller was Cambria Investment Management, exiting entirely with an estimated $3.31M sold.
- 67 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q2 2024, down from 78 in Q1 2024.
- Funds reported $107M of First Trust Managed Futures Strategy Fund stock for Q2 2024, down 11% quarter-over-quarter.
- 8 funds opened new First Trust Managed Futures Strategy Fund positions in Q2 2024 and 16 closed out, a net change of -8 holders.
- The largest First Trust Managed Futures Strategy Fund buyer in Q2 2024 was AE Wealth Management, an estimated $899K added.
- The largest First Trust Managed Futures Strategy Fund seller in Q2 2024 was Cambria Investment Management, an estimated $3.31M sold.
Based on aggregated 13F filings for Q2 2024.