FT U.S. Equity Max Buffer ETF - January
JANM
20 hedge funds and large institutions have $10.8M invested in FT U.S. Equity Max Buffer ETF - January in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 10 reducing their positions, and 4 closing their positions.
13% less funds holding
Funds holding: 23 → 20 (-3)
31.32% less ownership
Funds ownership: 64.91% → 33.6% (-31%)
47% less capital invested
Capital invested by funds: $20.5M → $10.8M (-$9.71M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
80% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$332K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$22.3K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$20.2K |
| 4 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$4.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$7.26M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.41M |
| 3 |
LPL Financial
San Diego,
California
|
-$536K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$439K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$156K |
JANM Hedge Fund Activity: Q4 2025 in Review
20 of the 8,280 institutional investors tracked by Wall St. Rank reported a position in FT U.S. Equity Max Buffer ETF - January (JANM) for Q4 2025, worth a combined $10.8M — down 47% from $20.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of JANM and 2 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 2 added.
The largest buyer was Susquehanna International Group, adding an estimated $332K. The largest seller was Commonwealth Equity Services, cutting an estimated $7.26M.
- 20 institutional investors held FT U.S. Equity Max Buffer ETF - January (JANM) as of Q4 2025, down from 23 in Q3 2025.
- Funds reported $10.8M of FT U.S. Equity Max Buffer ETF - January stock for Q4 2025, down 47% quarter-over-quarter.
- 2 funds opened new FT U.S. Equity Max Buffer ETF - January positions in Q4 2025 and 4 closed out, a net change of -2 holders.
- The largest FT U.S. Equity Max Buffer ETF - January buyer in Q4 2025 was Susquehanna International Group, an estimated $332K added.
- The largest FT U.S. Equity Max Buffer ETF - January seller in Q4 2025 was Commonwealth Equity Services, an estimated $7.26M sold.
Based on aggregated 13F filings for Q4 2025.