First Trust Short Duration Managed Municipal ETF
FSMB
139 hedge funds and large institutions have $462M invested in First Trust Short Duration Managed Municipal ETF in 2026 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 67 increasing their positions, 38 reducing their positions, and 13 closing their positions.
76% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 38
15% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 13
5% more capital invested
Capital invested by funds: $441M → $462M (+$21.1M)
1% less funds holding
Funds holding: 140 → 139 (-1)
7.72% less ownership
Funds ownership: 87.18% → 79.46% (-7.7%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| 1 |
LPL Financial
San Diego,
California
|
+$17M |
| 2 |
Morgan Stanley
New York
|
+$14.8M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$6.79M |
| 4 |
Goldman Sachs
New York
|
+$3.98M |
| 5 |
FF
Francis Financial
|
+$3.95M |
Top Sellers
| 1 |
Corient Private Wealth
Miami,
Florida
|
-$28.1M |
| 2 |
TFP
TrueWealth Financial Partners
Bellevue,
Washington
|
-$4.04M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.15M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.91M |
| 5 |
SG
StoneX Group
New York
|
-$1.27M |
FSMB Hedge Fund Activity: Q1 2026 in Review
139 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q1 2026, worth a combined $462M — up 4.8% from $441M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FSMB positions and 13 closed out — a net gain of 2 holders — while 67 added to existing stakes and 38 trimmed.
The largest buyer was LPL Financial, adding an estimated $17M. The largest seller was Corient Private Wealth, cutting an estimated $28.1M.
- 139 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q1 2026, down from 140 in Q4 2025.
- Funds reported $462M of First Trust Short Duration Managed Municipal ETF stock for Q1 2026, up 4.8% quarter-over-quarter.
- 15 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q1 2026 and 13 closed out, a net change of +2 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q1 2026 was LPL Financial, an estimated $17M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q1 2026 was Corient Private Wealth, an estimated $28.1M sold.
Based on aggregated 13F filings for Q1 2026.