First Trust Horizon Managed Volatility Small/Mid ETF
HSMV
19 hedge funds and large institutions have $27.5M invested in First Trust Horizon Managed Volatility Small/Mid ETF in 2025 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 3 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
0% more capital invested
Capital invested by funds: $27.3M → $27.5M (+$130K)
0% more funds holding
Funds holding: 19 → 19 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.56% less ownership
Funds ownership: 139.31% → 138.75% (-0.56%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$221K |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$124K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$110K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$16.8K |
| 5 |
Bank of New York Mellon
New York
|
+$11.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$305K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$231K |
| 3 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
-$33K |
| 4 |
AWS
Atria Wealth Solutions
New York
|
-$21.8K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$10.6K |
HSMV Hedge Fund Activity: Q1 2025 in Review
19 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) for Q1 2025, worth a combined $27.5M — up 0.48% from $27.3M a quarter earlier.
Fund positioning in HSMV was balanced in Q1 2025: 3 funds opened new positions, 3 closed out, 7 added to existing stakes and 6 trimmed.
The largest buyer was LPL Financial, adding an estimated $221K. The largest seller was Tower Research Capital (TRC), cutting an estimated $305K.
- 19 institutional investors held First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) as of Q1 2025, unchanged from Q4 2024.
- Funds reported $27.5M of First Trust Horizon Managed Volatility Small/Mid ETF stock for Q1 2025, up 0.48% quarter-over-quarter.
- 3 funds opened new First Trust Horizon Managed Volatility Small/Mid ETF positions in Q1 2025 and 3 closed out, a net change of 0 holders.
- The largest First Trust Horizon Managed Volatility Small/Mid ETF buyer in Q1 2025 was LPL Financial, an estimated $221K added.
- The largest First Trust Horizon Managed Volatility Small/Mid ETF seller in Q1 2025 was Tower Research Capital (TRC), an estimated $305K sold.
Based on aggregated 13F filings for Q1 2025.