KFA Mount Lucas Managed Futures Index Strategy ETF
KMLM
61 hedge funds and large institutions have $87.1M invested in KFA Mount Lucas Managed Futures Index Strategy ETF in 2026 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 10 closing their positions.
120% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 10
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
22% more funds holding
Funds holding: 50 → 61 (+11)
8.35% less ownership
Funds ownership: 36.94% → 28.59% (-8.4%)
13% less capital invested
Capital invested by funds: $99.7M → $87.1M (-$12.6M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWAU
Alliance Wealth Advisors (Utah)
Centerville,
Utah
|
+$7.37M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.04M |
| 3 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$2.31M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.71M |
| 5 |
BCMIO
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFM
Potomac Fund Management
Miami,
Florida
|
-$28.1M |
| 2 |
IIM
Illumine Investment Management
Poulsbo,
Washington
|
-$3.14M |
| 3 |
GM
GeoWealth Management
Chicago,
Illinois
|
-$2.63M |
| 4 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$1.61M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.07M |
KMLM Hedge Fund Activity: Q2 2026 in Review
61 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in KFA Mount Lucas Managed Futures Index Strategy ETF (KMLM) for Q2 2026, worth a combined $87.1M — down 13% from $99.7M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new KMLM positions and 10 closed out — a net gain of 12 holders — while 22 added to existing stakes and 11 trimmed.
The largest buyer was Alliance Wealth Advisors (Utah), opening a new position worth an estimated $7.37M. The largest seller was Potomac Fund Management, exiting entirely with an estimated $28.1M sold.
- 61 institutional investors held KFA Mount Lucas Managed Futures Index Strategy ETF (KMLM) as of Q2 2026, up from 50 in Q1 2026.
- Funds reported $87.1M of KFA Mount Lucas Managed Futures Index Strategy ETF stock for Q2 2026, down 13% quarter-over-quarter.
- 22 funds opened new KFA Mount Lucas Managed Futures Index Strategy ETF positions in Q2 2026 and 10 closed out, a net change of +12 holders.
- The largest KFA Mount Lucas Managed Futures Index Strategy ETF buyer in Q2 2026 was Alliance Wealth Advisors (Utah), an estimated $7.37M added.
- The largest KFA Mount Lucas Managed Futures Index Strategy ETF seller in Q2 2026 was Potomac Fund Management, an estimated $28.1M sold.
Based on aggregated 13F filings for Q2 2026.