First Trust Managed Futures Strategy Fund
FMF
76 hedge funds and large institutions have $154M invested in First Trust Managed Futures Strategy Fund in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 39 increasing their positions, 20 reducing their positions, and 6 closing their positions.
95% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 20
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
15% more capital invested
Capital invested by funds: $134M → $154M (+$19.6M)
4% more funds holding
Funds holding: 73 → 76 (+3)
2.94% less ownership
Funds ownership: 86.19% → 83.25% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.7M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$2.24M |
| 3 |
BWG
Beta Wealth Group
San Diego,
California
|
+$1.43M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.09M |
| 5 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SW
Simplicity Wealth
Summit,
New Jersey
|
-$1.87M |
| 2 |
AssetMark Inc
Concord,
California
|
-$535K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$411K |
| 4 |
TFP
Traction Financial Partners
Encampment,
Wyoming
|
-$251K |
| 5 |
PA
PFG Advisors
Phoenix,
Arizona
|
-$199K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
UBS Group
Zurich,
Switzerland
| $1.12K | +$1.08K | +23 | New |
|
|
TFP
77
Traction Financial Partners
Encampment,
Wyoming
| – | -$251K | -5,544 | Closed |
|
78
US Bancorp
Minneapolis,
Minnesota
| – | -$24.5K | -543 | Closed |
|
79
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$18K | -405 | Closed |
|
|
AAS
80
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$2.8K | -62 | Closed |
|
81
Wells Fargo
San Francisco,
California
| – | -$1.08K | -24 | Closed |
|
|
T
82
Transce3nd
Kyle,
Texas
| – | -$723 | -16 | Closed |
|
FMF Hedge Fund Activity: Q3 2025 in Review
76 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q3 2025, worth a combined $154M — up 15% from $134M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FMF positions and 6 closed out — a net gain of 4 holders — while 39 added to existing stakes and 20 trimmed.
The largest buyer was LPL Financial, adding an estimated $2.7M. The largest seller was Simplicity Wealth, cutting an estimated $1.87M.
- 76 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q3 2025, up from 73 in Q2 2025.
- Funds reported $154M of First Trust Managed Futures Strategy Fund stock for Q3 2025, up 15% quarter-over-quarter.
- 10 funds opened new First Trust Managed Futures Strategy Fund positions in Q3 2025 and 6 closed out, a net change of +4 holders.
- The largest First Trust Managed Futures Strategy Fund buyer in Q3 2025 was LPL Financial, an estimated $2.7M added.
- The largest First Trust Managed Futures Strategy Fund seller in Q3 2025 was Simplicity Wealth, an estimated $1.87M sold.
Based on aggregated 13F filings for Q3 2025.