First Trust Managed Futures Strategy Fund
FMF
82 hedge funds and large institutions have $191M invested in First Trust Managed Futures Strategy Fund in 2026 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 25 increasing their positions, 30 reducing their positions, and 14 closing their positions.
14% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 14
0% more funds holding
Funds holding: 82 → 82 (0)
6.82% less ownership
Funds ownership: 82.42% → 75.6% (-6.8%)
7% less capital invested
Capital invested by funds: $207M → $191M (-$15.2M)
17% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 30
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$45.9M |
| 2 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
+$11.7M |
| 3 |
Morgan Stanley
New York
|
+$8.03M |
| 4 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$1.69M |
| 5 |
BCMIO
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
|
+$1.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$19.8M |
| 2 |
LPL Financial
San Diego,
California
|
-$18.1M |
| 3 |
AFFA
ALM First Financial Advisors
Dallas,
Texas
|
-$15.8M |
| 4 |
BEI
Benjamin Edwards Inc
Clayton,
Missouri
|
-$5.95M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$3.95M |
FMF Hedge Fund Activity: Q2 2026 in Review
82 institutional investors reported a position in First Trust Managed Futures Strategy Fund (FMF) for Q2 2026, worth a combined $191M — down 7.4% from $207M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FMF positions and 14 closed out — a net gain of 2 holders — while 25 added to existing stakes and 30 trimmed.
The largest buyer was First Trust Advisors, adding an estimated $45.9M. The largest seller was Envestnet Asset Management, cutting an estimated $19.8M.
- 82 institutional investors held First Trust Managed Futures Strategy Fund (FMF) as of Q2 2026, unchanged from Q1 2026.
- Funds reported $191M of First Trust Managed Futures Strategy Fund stock for Q2 2026, down 7.4% quarter-over-quarter.
- 16 funds opened new First Trust Managed Futures Strategy Fund positions in Q2 2026 and 14 closed out, a net change of +2 holders.
- The largest First Trust Managed Futures Strategy Fund buyer in Q2 2026 was First Trust Advisors, an estimated $45.9M added.
- The largest First Trust Managed Futures Strategy Fund seller in Q2 2026 was Envestnet Asset Management, an estimated $19.8M sold.
Based on aggregated 13F filings for Q2 2026.