First Trust Horizon Managed Volatility Small/Mid ETF
HSMV
17 hedge funds and large institutions have $31.9M invested in First Trust Horizon Managed Volatility Small/Mid ETF in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 0 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
23% more capital invested
Capital invested by funds: $25.9M → $31.9M (+$5.95M)
0% more funds holding
Funds holding: 17 → 17 (0)
3.7% less ownership
Funds ownership: 120.54% → 116.84% (-3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$4.35M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$567K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$540K |
| 4 |
LPL Financial
San Diego,
California
|
+$299K |
| 5 |
Two Sigma Investments
New York
|
+$262K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$172K |
| 2 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
-$63.5K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$47.5K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$45.5K |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$42.8K |
HSMV Hedge Fund Activity: Q3 2025 in Review
17 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) for Q3 2025, worth a combined $31.9M — up 23% from $25.9M a quarter earlier.
Buyers outnumbered sellers: 1 fund opened new HSMV positions and 0 closed out — a net gain of 1 holder — while 8 added to existing stakes and 5 trimmed.
The largest buyer was Bank of New York Mellon, adding an estimated $4.35M. The largest seller was Tower Research Capital (TRC), cutting an estimated $172K.
- 17 institutional investors held First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $31.9M of First Trust Horizon Managed Volatility Small/Mid ETF stock for Q3 2025, up 23% quarter-over-quarter.
- 1 fund opened new First Trust Horizon Managed Volatility Small/Mid ETF positions in Q3 2025 and 0 closed out, a net change of +1 holder.
- The largest First Trust Horizon Managed Volatility Small/Mid ETF buyer in Q3 2025 was Bank of New York Mellon, an estimated $4.35M added.
- The largest First Trust Horizon Managed Volatility Small/Mid ETF seller in Q3 2025 was Tower Research Capital (TRC), an estimated $172K sold.
Based on aggregated 13F filings for Q3 2025.