First Trust Managed Futures Strategy Fund
FMF
87 hedge funds and large institutions have $176M invested in First Trust Managed Futures Strategy Fund in 2022 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 37 increasing their positions, 17 reducing their positions, and 11 closing their positions.
155% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 11
118% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 17
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
24% more funds holding
Funds holding: 70 → 87 (+17)
21% more capital invested
Capital invested by funds: $146M → $176M (+$29.9M)
7.9% more ownership
Funds ownership: 80.06% → 87.95% (+7.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$11.5M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$9.22M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$4.75M |
| 4 |
State Street
Boston,
Massachusetts
|
+$4.68M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$3.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$13.3M |
| 2 |
CIM
Cambria Investment Management
Manhattan Beach,
California
|
-$9.17M |
| 3 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
-$7.41M |
| 4 |
AFP
Ausdal Financial Partners
Davenport,
Iowa
|
-$1.71M |
| 5 |
EH
Equitable Holdings
New York
|
-$1.12M |
FMF Hedge Fund Activity: Q4 2022 in Review
87 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q4 2022, worth a combined $176M — up 21% from $146M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new FMF positions and 11 closed out — a net gain of 17 holders — while 37 added to existing stakes and 17 trimmed.
The largest buyer was LPL Financial, adding an estimated $11.5M. The largest seller was HighTower Advisors, cutting an estimated $13.3M.
- 87 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q4 2022, up from 70 in Q3 2022.
- Funds reported $176M of First Trust Managed Futures Strategy Fund stock for Q4 2022, up 21% quarter-over-quarter.
- 28 funds opened new First Trust Managed Futures Strategy Fund positions in Q4 2022 and 11 closed out, a net change of +17 holders.
- The largest First Trust Managed Futures Strategy Fund buyer in Q4 2022 was LPL Financial, an estimated $11.5M added.
- The largest First Trust Managed Futures Strategy Fund seller in Q4 2022 was HighTower Advisors, an estimated $13.3M sold.
Based on aggregated 13F filings for Q4 2022.