First Trust Horizon Managed Volatility Developed International ETF
HDMV
29 hedge funds and large institutions have $19.2M invested in First Trust Horizon Managed Volatility Developed International ETF in 2025 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 3 increasing their positions, 13 reducing their positions, and 9 closing their positions.
3% less funds holding
Funds holding: 30 → 29 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
25.35% less ownership
Funds ownership: 109.86% → 84.52% (-25%)
45% less capital invested
Capital invested by funds: $35.2M → $19.2M (-$16M)
77% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$2.35M |
| 2 |
Jane Street
New York
|
+$847K |
| 3 |
LPL Financial
San Diego,
California
|
+$468K |
| 4 |
IFG
Independent Financial Group
San Diego,
California
|
+$282K |
| 5 |
FA
Fountainhead AM
Warren,
New Jersey
|
+$234K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$7.04M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$5.46M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$5.28M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$750K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$722K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
26
WPG Advisers
Baltimore,
Maryland
| $3.04K | – | – | – |
|
|
PS
27
Principal Securities
Des Moines,
Iowa
| $1.57K | -$479K | -13,954 | -100% |
|
28
Russell Investments Group
London,
United Kingdom
| $20 | – | – | – |
|
29
Wells Fargo
San Francisco,
California
| $17 | – | – | – |
|
|
30
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$5.46M | -170,248 | Closed |
|
|
31
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$5.28M | -164,626 | Closed |
|
|
32
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$750K | -23,380 | Closed |
|
33
Envestnet Portfolio Solutions
Chicago,
Illinois
| – | -$642K | -20,008 | Closed |
|
|
AAS
34
Avantax Advisory Services
Dallas,
Texas
| – | -$400K | -12,472 | Closed |
|
|
AWS
35
Atria Wealth Solutions
New York
| – | -$341K | -10,617 | Closed |
|
|
GIA
36
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
| – | -$263K | -8,181 | Closed |
|
37
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$7K | -216 | Closed |
|
38
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$5K | -155 | Closed |
|
HDMV Hedge Fund Activity: Q2 2025 in Review
29 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in First Trust Horizon Managed Volatility Developed International ETF (HDMV) for Q2 2025, worth a combined $19.2M — down 45% from $35.2M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of HDMV and 8 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 3 added.
The largest buyer was Kestra Advisory Services, opening a new position worth an estimated $2.35M. The largest seller was Envestnet Asset Management, cutting an estimated $7.04M.
- 29 institutional investors held First Trust Horizon Managed Volatility Developed International ETF (HDMV) as of Q2 2025, down from 30 in Q1 2025.
- Funds reported $19.2M of First Trust Horizon Managed Volatility Developed International ETF stock for Q2 2025, down 45% quarter-over-quarter.
- 8 funds opened new First Trust Horizon Managed Volatility Developed International ETF positions in Q2 2025 and 9 closed out, a net change of -1 holder.
- The largest First Trust Horizon Managed Volatility Developed International ETF buyer in Q2 2025 was Kestra Advisory Services, an estimated $2.35M added.
- The largest First Trust Horizon Managed Volatility Developed International ETF seller in Q2 2025 was Envestnet Asset Management, an estimated $7.04M sold.
Based on aggregated 13F filings for Q2 2025.