KFA Mount Lucas Managed Futures Index Strategy ETF
KMLM
50 hedge funds and large institutions have $99.7M invested in KFA Mount Lucas Managed Futures Index Strategy ETF in 2026 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 8 closing their positions.
81% more capital invested
Capital invested by funds: $55M → $99.7M (+$44.7M)
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
38% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 13
9% more funds holding
Funds holding: 46 → 50 (+4)
4.34% more ownership
Funds ownership: 32.6% → 36.94% (+4.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFM
Potomac Fund Management
Miami,
Florida
|
+$26.8M |
| 2 |
GM
GeoWealth Management
Chicago,
Illinois
|
+$2.52M |
| 3 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$2.23M |
| 4 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$1.93M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$3.27M |
| 2 |
NL
NVWM LLC
Yardley,
Pennsylvania
|
-$463K |
| 3 |
KP
Kitching Partners
Conshohocken,
Pennsylvania
|
-$399K |
| 4 |
TA
Tactive Advisors
Jacksonville,
Florida
|
-$374K |
| 5 |
SPW
Signet Private Wealth
Chicago,
Illinois
|
-$258K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Jane Street
New York
| – | -$3.27M | -126,051 | Closed |
|
|
KP
52
Kitching Partners
Conshohocken,
Pennsylvania
| – | -$399K | -15,380 | Closed |
|
|
TA
53
Tactive Advisors
Jacksonville,
Florida
| – | -$374K | -14,418 | Closed |
|
|
SPW
54
Signet Private Wealth
Chicago,
Illinois
| – | -$258K | -9,926 | Closed |
|
|
PA
55
PFG Advisors
Phoenix,
Arizona
| – | -$253K | -9,753 | Closed |
|
56
Simplex Trading
Chicago,
Illinois
| – | -$25.6K | -985 | Closed |
|
57
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$10.4K | -400 | Closed |
|
|
SL
58
Salomon & Ludwin
Richmond,
Virginia
| – | -$1.6K | -61 | Closed |
|
KMLM Hedge Fund Activity: Q1 2026 in Review
50 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in KFA Mount Lucas Managed Futures Index Strategy ETF (KMLM) for Q1 2026, worth a combined $99.7M — up 81% from $55M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new KMLM positions and 8 closed out — a net gain of 6 holders — while 18 added to existing stakes and 13 trimmed.
The largest buyer was Potomac Fund Management, opening a new position worth an estimated $26.8M. The largest seller was Jane Street, exiting entirely with an estimated $3.27M sold.
- 50 institutional investors held KFA Mount Lucas Managed Futures Index Strategy ETF (KMLM) as of Q1 2026, up from 46 in Q4 2025.
- Funds reported $99.7M of KFA Mount Lucas Managed Futures Index Strategy ETF stock for Q1 2026, up 81% quarter-over-quarter.
- 14 funds opened new KFA Mount Lucas Managed Futures Index Strategy ETF positions in Q1 2026 and 8 closed out, a net change of +6 holders.
- The largest KFA Mount Lucas Managed Futures Index Strategy ETF buyer in Q1 2026 was Potomac Fund Management, an estimated $26.8M added.
- The largest KFA Mount Lucas Managed Futures Index Strategy ETF seller in Q1 2026 was Jane Street, an estimated $3.27M sold.
Based on aggregated 13F filings for Q1 2026.