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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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
76
Holders Change
+3
Holders Change %
+4.11%
% of All Funds
1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
39
Reduced
20
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$2.7M
2
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$2.24M
3
BWG
Beta Wealth Group
California
+$1.43M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.09M
5
CAS
Coppell Advisory Solutions
Texas
+$1.05M

Top Sellers

1
SW
Simplicity Wealth
New Jersey
-$1.87M
2
AssetMark Inc
AssetMark Inc
California
-$535K
3
Osaic Holdings
Osaic Holdings
Arizona
-$411K
4
TFP
Traction Financial Partners
Wyoming
-$251K
5
PA
PFG Advisors
Arizona
-$199K
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
1
Envestnet Asset Management
Illinois
$21.7M +$1.09M +23,180 +5%
LPL Financial
2
LPL Financial
California
$19.5M +$2.7M +57,395 +17%
AFFA
3
ALM First Financial Advisors
Texas
$12.7M – – –
CAS
4
Coppell Advisory Solutions
Texas
$10M +$1.05M +22,260 +12%
TAM
5
TCP Asset Management
Ohio
$9.4M +$319K +6,780 +4%
Cetera Investment Advisers
6
Cetera Investment Advisers
Illinois
$8.95M +$2.24M +47,467 +35%
Janney Montgomery Scott
7
Janney Montgomery Scott
Pennsylvania
$6.84M +$1.01M +21,421 +18%
First Trust Advisors
8
First Trust Advisors
Illinois
$5.64M +$945K +20,061 +21%
Cambridge Investment Research Advisors
9
Cambridge Investment Research Advisors
Iowa
$4.97M +$828K +17,578 +21%
AssetMark Inc
10
AssetMark Inc
California
$4.59M -$535K -11,352 -11%
Raymond James Financial
11
Raymond James Financial
Florida
$4.12M +$254K +5,392 +7%
BEI
12
Benjamin Edwards Inc
Missouri
$4.09M +$654K +13,887 +20%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$3.26M +$87.1K +1,849 +3%
BCI
14
Brinker Capital Investments
Pennsylvania
$2.38M +$23K +488 +1%
IA
15
IFP Advisors
Florida
$2.28M +$27.5K +583 +1%
RA
16
RFG Advisory
Alabama
$2.08M +$39.4K +836 +2%
Osaic Holdings
17
Osaic Holdings
Arizona
$1.94M -$411K -8,717 -18%
CW
18
CreativeOne Wealth
Kansas
$1.59M -$66K -1,402 -4%
BWG
19
Beta Wealth Group
California
$1.48M +$1.43M +30,390 New
GWP
20
Gateway Wealth Partners
Wisconsin
$1.47M -$1.46K -31 -0.1%
Jane Street
21
Jane Street
New York
$1.23M -$140K -2,970 -11%
PAS
22
Park Avenue Securities
New York
$1.21M +$46.1K +978 +4%
NW
23
NewEdge Wealth
Pennsylvania
$1.12M +$1.27K +27 +0.1%
TPWM
24
Twelve Points Wealth Management
Massachusetts
$1.05M +$1.01M +21,486 New
IWM
25
Iams Wealth Management
Nebraska
$1.01M -$96.6K -2,051 -9%
1
2 3 4

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.