First Trust Managed Futures Strategy Fund
FMF
82 hedge funds and large institutions have $152M invested in First Trust Managed Futures Strategy Fund in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 30 reducing their positions, and 16 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 30
1.23% less ownership
Funds ownership: 87.95% → 86.72% (-1.2%)
6% less funds holding
Funds holding: 87 → 82 (-5)
13% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 16
14% less capital invested
Capital invested by funds: $176M → $152M (-$24.1M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$6.1M |
| 2 |
TAM
TCP Asset Management
Columbus,
Ohio
|
+$4.23M |
| 3 |
MFGM
Marshall Financial Group (Maryland)
Hunt Valley,
Maryland
|
+$1.52M |
| 4 |
TC
TAP Consulting
Kirkwood,
Missouri
|
+$1.48M |
| 5 |
HFP
Holistic Financial Partners
Indianapolis,
Indiana
|
+$962K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RWM
Refined Wealth Management
Salt Lake City,
Utah
|
-$6.97M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$5.4M |
| 3 |
State Street
Boston,
Massachusetts
|
-$4.49M |
| 4 |
LPL Financial
San Diego,
California
|
-$4.22M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$3.37M |
FMF Hedge Fund Activity: Q1 2023 in Review
82 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q1 2023, worth a combined $152M — down 14% from $176M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FMF and 14 opened new positions — a net loss of 2 holders — while 30 trimmed existing stakes and 34 added.
The largest buyer was Jane Street, adding an estimated $6.1M. The largest seller was Refined Wealth Management, exiting entirely with an estimated $6.97M sold.
- 82 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q1 2023, down from 87 in Q4 2022.
- Funds reported $152M of First Trust Managed Futures Strategy Fund stock for Q1 2023, down 14% quarter-over-quarter.
- 14 funds opened new First Trust Managed Futures Strategy Fund positions in Q1 2023 and 16 closed out, a net change of -2 holders.
- The largest First Trust Managed Futures Strategy Fund buyer in Q1 2023 was Jane Street, an estimated $6.1M added.
- The largest First Trust Managed Futures Strategy Fund seller in Q1 2023 was Refined Wealth Management, an estimated $6.97M sold.
Based on aggregated 13F filings for Q1 2023.