First Trust Horizon Managed Volatility Developed International ETF
HDMV
27 hedge funds and large institutions have $18.9M invested in First Trust Horizon Managed Volatility Developed International ETF in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
8% more funds holding
Funds holding: 25 → 27 (+2)
2% less capital invested
Capital invested by funds: $19.2M → $18.9M (-$310K)
2.7% less ownership
Funds ownership: 84.9% → 82.2% (-2.7%)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$566K |
| 2 |
LPL Financial
San Diego,
California
|
+$545K |
| 3 |
Lido Advisors
Los Angeles,
California
|
+$245K |
| 4 |
Jane Street
New York
|
+$161K |
| 5 |
IFG
Independent Financial Group
San Diego,
California
|
+$80.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GSEP
Golden State Equity Partners
South Coast Metro,
California
|
-$825K |
| 2 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$614K |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$260K |
| 4 |
FA
Fountainhead AM
Warren,
New Jersey
|
-$240K |
| 5 |
GSWM
Golden State Wealth Management
Santa Ana,
California
|
-$74.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $27 | – | – | – |
|
27
Russell Investments Group
London,
United Kingdom
| $20 | – | – | – |
|
|
OIA
28
OneDigital Investment Advisors
Overland Park,
Kansas
| – | -$614K | -17,694 | Closed |
|
|
FA
29
Fountainhead AM
Warren,
New Jersey
| – | -$240K | -6,929 | Closed |
|
|
RF
30
Rossby Financial
Melbourne,
Florida
| – | -$9.28K | -268 | Closed |
|
HDMV Hedge Fund Activity: Q4 2025 in Review
27 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in First Trust Horizon Managed Volatility Developed International ETF (HDMV) for Q4 2025, worth a combined $18.9M — down 1.6% from $19.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new HDMV positions and 3 closed out — a net gain of 2 holders — while 7 added to existing stakes and 10 trimmed.
The largest buyer was Private Advisor Group, opening a new position worth an estimated $566K. The largest seller was Golden State Equity Partners, cutting an estimated $825K.
- 27 institutional investors held First Trust Horizon Managed Volatility Developed International ETF (HDMV) as of Q4 2025, up from 25 in Q3 2025.
- Funds reported $18.9M of First Trust Horizon Managed Volatility Developed International ETF stock for Q4 2025, down 1.6% quarter-over-quarter.
- 5 funds opened new First Trust Horizon Managed Volatility Developed International ETF positions in Q4 2025 and 3 closed out, a net change of +2 holders.
- The largest First Trust Horizon Managed Volatility Developed International ETF buyer in Q4 2025 was Private Advisor Group, an estimated $566K added.
- The largest First Trust Horizon Managed Volatility Developed International ETF seller in Q4 2025 was Golden State Equity Partners, an estimated $825K sold.
Based on aggregated 13F filings for Q4 2025.