First Trust Horizon Managed Volatility Small/Mid ETF
HSMV
17 hedge funds and large institutions have $40.5M invested in First Trust Horizon Managed Volatility Small/Mid ETF in 2026 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
20.5% more ownership
Funds ownership: 171.83% → 192.34% (+21%)
18% more capital invested
Capital invested by funds: $34.2M → $40.5M (+$6.3M)
6% more funds holding
Funds holding: 16 → 17 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.41M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.11M |
| 3 |
Bank of New York Mellon
New York
|
+$374K |
| 4 |
LPL Financial
San Diego,
California
|
+$248K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$151K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$47.5K |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$32.9K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$12K |
| 4 |
CFG
Certior Financial Group
King Of Prussia,
Pennsylvania
|
-$10.7K |
| 5 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$2.4K |
HSMV Hedge Fund Activity: Q2 2026 in Review
17 of the 8,330 institutional investors tracked by Wall St. Rank reported a position in First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) for Q2 2026, worth a combined $40.5M — up 18% from $34.2M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new HSMV positions and 1 closed out — a net gain of 1 holder — while 7 added to existing stakes and 5 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $2.41M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $47.5K.
- 17 institutional investors held First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) as of Q2 2026, up from 16 in Q1 2026.
- Funds reported $40.5M of First Trust Horizon Managed Volatility Small/Mid ETF stock for Q2 2026, up 18% quarter-over-quarter.
- 2 funds opened new First Trust Horizon Managed Volatility Small/Mid ETF positions in Q2 2026 and 1 closed out, a net change of +1 holder.
- The largest First Trust Horizon Managed Volatility Small/Mid ETF buyer in Q2 2026 was Envestnet Asset Management, an estimated $2.41M added.
- The largest First Trust Horizon Managed Volatility Small/Mid ETF seller in Q2 2026 was Cambridge Investment Research Advisors, an estimated $47.5K sold.
Based on aggregated 13F filings for Q2 2026.