KFA Mount Lucas Managed Futures Index Strategy ETF
KMLM
49 hedge funds and large institutions have $63.7M invested in KFA Mount Lucas Managed Futures Index Strategy ETF in 2025 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 11 closing their positions.
8.79% less ownership
Funds ownership: 42.22% → 33.42% (-8.8%)
9% less funds holding
Funds holding: 54 → 49 (-5)
25% less capital invested
Capital invested by funds: $85.2M → $63.7M (-$21.5M)
30% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 23
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
+$3.71M |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$906K |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$508K |
| 4 |
IA
Integrity Alliance
Urbandale,
Iowa
|
+$371K |
| 5 |
TBC
Ted Buchan & Co
San Diego,
California
|
+$317K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MPW
Magnolia Private Wealth
Philadelphia,
Pennsylvania
|
-$8.22M |
| 2 |
Morgan Stanley
New York
|
-$8.17M |
| 3 |
NYLIM
New York Life Investment Management
New York
|
-$2.68M |
| 4 |
PCA
PMV Capital Advisers
Dallas,
Texas
|
-$2.62M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$2.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCA
51
PMV Capital Advisers
Dallas,
Texas
| – | -$2.62M | -96,016 | Closed |
|
|
52
MML Investors Services
Springfield,
Massachusetts
| – | -$2.29M | -83,916 | Closed |
|
|
GS
53
GWN Securities
Palm Beach Gardens,
Florida
| – | -$2.25M | -82,540 | Closed |
|
54
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$769K | -28,142 | Closed |
|
|
NW
55
Naviter Wealth
Little Rock,
Arkansas
| – | -$757K | -27,574 | Closed |
|
|
HH
56
Hilltop Holdings
Dallas,
Texas
| – | -$416K | -15,252 | Closed |
|
|
WCM
57
Wealthcare Capital Management
Richmond,
Virginia
| – | -$294K | -10,779 | Closed |
|
58
Bank of America
Charlotte,
North Carolina
| – | -$193K | -7,057 | Closed |
|
|
SIS
59
Sound Income Strategies
Ft Lauderdale,
Florida
| – | -$78.6K | -2,883 | Closed |
|
|
MG
60
Mather Group
Chicago,
Illinois
| – | -$8.13K | -298 | Closed |
|
KMLM Hedge Fund Activity: Q2 2025 in Review
49 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in KFA Mount Lucas Managed Futures Index Strategy ETF (KMLM) for Q2 2025, worth a combined $63.7M — down 25% from $85.2M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of KMLM and 6 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 16 added.
The largest buyer was Flow Traders U.S., opening a new position worth an estimated $3.71M. The largest seller was Magnolia Private Wealth, cutting an estimated $8.22M.
- 49 institutional investors held KFA Mount Lucas Managed Futures Index Strategy ETF (KMLM) as of Q2 2025, down from 54 in Q1 2025.
- Funds reported $63.7M of KFA Mount Lucas Managed Futures Index Strategy ETF stock for Q2 2025, down 25% quarter-over-quarter.
- 6 funds opened new KFA Mount Lucas Managed Futures Index Strategy ETF positions in Q2 2025 and 11 closed out, a net change of -5 holders.
- The largest KFA Mount Lucas Managed Futures Index Strategy ETF buyer in Q2 2025 was Flow Traders U.S., an estimated $3.71M added.
- The largest KFA Mount Lucas Managed Futures Index Strategy ETF seller in Q2 2025 was Magnolia Private Wealth, an estimated $8.22M sold.
Based on aggregated 13F filings for Q2 2025.