First Trust Short Duration Managed Municipal ETF
FSMB
113 hedge funds and large institutions have $304M invested in First Trust Short Duration Managed Municipal ETF in 2023 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 33 increasing their positions, 51 reducing their positions, and 13 closing their positions.
31% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 13
3% more funds holding
Funds holding: 110 → 113 (+3)
1.34% more ownership
Funds ownership: 75.51% → 76.85% (+1.3%)
6% less capital invested
Capital invested by funds: $323M → $304M (-$19.5M)
35% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 51
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$4.88M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.08M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.95M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$1.82M |
| 5 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$5M |
| 2 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
-$5M |
| 3 |
LPL Financial
San Diego,
California
|
-$4.71M |
| 4 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$4.16M |
| 5 |
Morgan Stanley
New York
|
-$3.41M |
FSMB Hedge Fund Activity: Q3 2023 in Review
113 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q3 2023, worth a combined $304M — down 6% from $323M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FSMB positions and 13 closed out — a net gain of 4 holders — while 33 added to existing stakes and 51 trimmed.
The largest buyer was Jane Street, adding an estimated $4.88M. The largest seller was Brinker Capital Investments, cutting an estimated $5M.
- 113 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q3 2023, up from 110 in Q2 2023.
- Funds reported $304M of First Trust Short Duration Managed Municipal ETF stock for Q3 2023, down 6% quarter-over-quarter.
- 17 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q3 2023 and 13 closed out, a net change of +4 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q3 2023 was Jane Street, an estimated $4.88M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q3 2023 was Brinker Capital Investments, an estimated $5M sold.
Based on aggregated 13F filings for Q3 2023.