First Trust Managed Futures Strategy Fund
FMF
73 hedge funds and large institutions have $134M invested in First Trust Managed Futures Strategy Fund in 2025 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 32 increasing their positions, 25 reducing their positions, and 7 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 25
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2.76% more ownership
Funds ownership: 83.43% → 86.19% (+2.8%)
4% more capital invested
Capital invested by funds: $129M → $134M (+$5.66M)
0% more funds holding
Funds holding: 73 → 73 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$4.28M |
| 2 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
+$2.02M |
| 3 |
SW
Simplicity Wealth
Summit,
New Jersey
|
+$1.53M |
| 4 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$1.46M |
| 5 |
PAS
Park Avenue Securities
New York
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$1.55M |
| 2 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
-$963K |
| 3 |
AWS
Atria Wealth Solutions
New York
|
-$923K |
| 4 |
HFP
Holistic Financial Partners
Indianapolis,
Indiana
|
-$480K |
| 5 |
WIA
World Investment Advisors
Santa Barbara,
California
|
-$450K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SIM
76
Synergy Investment Management
Altamonte Springs,
Florida
| – | -$189K | -4,089 | Closed |
|
|
LRWM
77
Lord & Richards Wealth Management
Highlands Ranch,
Colorado
| – | -$30.9K | -670 | Closed |
|
|
SIS
78
Sound Income Strategies
Ft Lauderdale,
Florida
| – | -$3.55K | -77 | Closed |
|
|
GI
79
GAMMA Investing
Foster City,
California
| – | -$1.48K | -32 | Closed |
|
80
UBS Group
Zurich,
Switzerland
| – | -$1.15K | -25 | Closed |
|
FMF Hedge Fund Activity: Q2 2025 in Review
73 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q2 2025, worth a combined $134M — up 4.4% from $129M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FMF positions and 7 closed out — a net gain of 1 holder — while 32 added to existing stakes and 25 trimmed.
The largest buyer was Janney Montgomery Scott, adding an estimated $4.28M. The largest seller was Harbour Investments, cutting an estimated $1.55M.
- 73 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $134M of First Trust Managed Futures Strategy Fund stock for Q2 2025, up 4.4% quarter-over-quarter.
- 8 funds opened new First Trust Managed Futures Strategy Fund positions in Q2 2025 and 7 closed out, a net change of +1 holder.
- The largest First Trust Managed Futures Strategy Fund buyer in Q2 2025 was Janney Montgomery Scott, an estimated $4.28M added.
- The largest First Trust Managed Futures Strategy Fund seller in Q2 2025 was Harbour Investments, an estimated $1.55M sold.
Based on aggregated 13F filings for Q2 2025.