First Trust Horizon Managed Volatility Small/Mid ETF
HSMV
17 hedge funds and large institutions have $25.9M invested in First Trust Horizon Managed Volatility Small/Mid ETF in 2025 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 2 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
6% less capital invested
Capital invested by funds: $27.5M → $25.9M (-$1.55M)
6.64% less ownership
Funds ownership: 127.19% → 120.54% (-6.6%)
11% less funds holding
Funds holding: 19 → 17 (-2)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$373K |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$290K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$197K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$128K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$104K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$577K |
| 2 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
-$333K |
| 3 |
AWS
Atria Wealth Solutions
New York
|
-$330K |
| 4 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$71K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$60.2K |
HSMV Hedge Fund Activity: Q2 2025 in Review
17 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) for Q2 2025, worth a combined $25.9M — down 5.7% from $27.5M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of HSMV and 1 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 6 added.
The largest buyer was LPL Financial, adding an estimated $373K. The largest seller was Tower Research Capital (TRC), cutting an estimated $577K.
- 17 institutional investors held First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) as of Q2 2025, down from 19 in Q1 2025.
- Funds reported $25.9M of First Trust Horizon Managed Volatility Small/Mid ETF stock for Q2 2025, down 5.7% quarter-over-quarter.
- 1 fund opened new First Trust Horizon Managed Volatility Small/Mid ETF positions in Q2 2025 and 2 closed out, a net change of -1 holder.
- The largest First Trust Horizon Managed Volatility Small/Mid ETF buyer in Q2 2025 was LPL Financial, an estimated $373K added.
- The largest First Trust Horizon Managed Volatility Small/Mid ETF seller in Q2 2025 was Tower Research Capital (TRC), an estimated $577K sold.
Based on aggregated 13F filings for Q2 2025.