First Trust Managed Futures Strategy Fund
FMF
11 hedge funds and large institutions have $5.3M invested in First Trust Managed Futures Strategy Fund in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 3 closing their positions.
1.91% less ownership
Funds ownership: 61.36% → 59.45% (-1.9%)
8% less funds holding
Funds holding: 12 → 11 (-1)
21% less capital invested
Capital invested by funds: $6.74M → $5.3M (-$1.45M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$210K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$16.1K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.29K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$901K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$725K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$102K |
| 4 |
LPL Financial
San Diego,
California
|
-$43K |
| 5 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$5K |
FMF Hedge Fund Activity: Q3 2019 in Review
11 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q3 2019, worth a combined $5.3M — down 21% from $6.74M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FMF and 2 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 2 added.
The largest buyer was D.A. Davidson & Co, opening a new position worth an estimated $210K. The largest seller was Citadel Advisors, cutting an estimated $901K.
- 11 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q3 2019, down from 12 in Q2 2019.
- Funds reported $5.3M of First Trust Managed Futures Strategy Fund stock for Q3 2019, down 21% quarter-over-quarter.
- 2 funds opened new First Trust Managed Futures Strategy Fund positions in Q3 2019 and 3 closed out, a net change of -1 holder.
- The largest First Trust Managed Futures Strategy Fund buyer in Q3 2019 was D.A. Davidson & Co, an estimated $210K added.
- The largest First Trust Managed Futures Strategy Fund seller in Q3 2019 was Citadel Advisors, an estimated $901K sold.
Based on aggregated 13F filings for Q3 2019.