First Trust Managed Futures Strategy Fund
FMF
78 hedge funds and large institutions have $149M invested in First Trust Managed Futures Strategy Fund in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 39 increasing their positions, 27 reducing their positions, and 11 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 27
1.5% more ownership
Funds ownership: 87.31% → 88.82% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3% less capital invested
Capital invested by funds: $154M → $149M (-$5.36M)
6% less funds holding
Funds holding: 83 → 78 (-5)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $2.79M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.39M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.54M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.19M |
| 4 |
TAM
TCP Asset Management
Columbus,
Ohio
|
+$984K |
| 5 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
+$979K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$10.9M |
| 2 |
Jane Street
New York
|
-$2.22M |
| 3 |
IWM
Iams Wealth Management
Omaha,
Nebraska
|
-$1.37M |
| 4 |
MWM
Moran Wealth Management
Naples,
Florida
|
-$1.15M |
| 5 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$779K |
FMF Hedge Fund Activity: Q2 2023 in Review
78 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q2 2023, worth a combined $149M — down 3.5% from $154M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FMF and 8 opened new positions — a net loss of 3 holders — while 27 trimmed existing stakes and 39 added.
The largest buyer was Envestnet Asset Management, adding an estimated $2.39M. The largest seller was Kestra Advisory Services, cutting an estimated $10.9M.
- 78 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q2 2023, down from 83 in Q1 2023.
- Funds reported $149M of First Trust Managed Futures Strategy Fund stock for Q2 2023, down 3.5% quarter-over-quarter.
- 8 funds opened new First Trust Managed Futures Strategy Fund positions in Q2 2023 and 11 closed out, a net change of -3 holders.
- The largest First Trust Managed Futures Strategy Fund buyer in Q2 2023 was Envestnet Asset Management, an estimated $2.39M added.
- The largest First Trust Managed Futures Strategy Fund seller in Q2 2023 was Kestra Advisory Services, an estimated $10.9M sold.
Based on aggregated 13F filings for Q2 2023.