First Trust Horizon Managed Volatility Small/Mid ETF
HSMV
16 hedge funds and large institutions have $34.2M invested in First Trust Horizon Managed Volatility Small/Mid ETF in 2026 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 2 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
2% more capital invested
Capital invested by funds: $33.5M → $34.2M (+$689K)
0.69% more ownership
Funds ownership: 117.44% → 118.14% (+0.69%)
6% less funds holding
Funds holding: 17 → 16 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$384K |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$338K |
| 3 |
LPL Financial
San Diego,
California
|
+$324K |
| 4 |
Bank of New York Mellon
New York
|
+$233K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$86.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$914K |
| 2 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
-$226K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$32.8K |
| 4 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$26.3K |
| 5 |
CFG
Certior Financial Group
King Of Prussia,
Pennsylvania
|
-$15.4K |
HSMV Hedge Fund Activity: Q1 2026 in Review
16 of the 8,134 institutional investors tracked by Wall St. Rank reported a position in First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) for Q1 2026, worth a combined $34.2M — up 2.1% from $33.5M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of HSMV and 1 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 8 added.
The largest buyer was Envestnet Asset Management, adding an estimated $384K. The largest seller was Tower Research Capital (TRC), cutting an estimated $914K.
- 16 institutional investors held First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) as of Q1 2026, down from 17 in Q4 2025.
- Funds reported $34.2M of First Trust Horizon Managed Volatility Small/Mid ETF stock for Q1 2026, up 2.1% quarter-over-quarter.
- 1 fund opened new First Trust Horizon Managed Volatility Small/Mid ETF positions in Q1 2026 and 2 closed out, a net change of -1 holder.
- The largest First Trust Horizon Managed Volatility Small/Mid ETF buyer in Q1 2026 was Envestnet Asset Management, an estimated $384K added.
- The largest First Trust Horizon Managed Volatility Small/Mid ETF seller in Q1 2026 was Tower Research Capital (TRC), an estimated $914K sold.
Based on aggregated 13F filings for Q1 2026.