First Trust Multi-Manager Small Cap Opportunities ETF
MMSC
14 hedge funds and large institutions have $22M invested in First Trust Multi-Manager Small Cap Opportunities ETF in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 3 closing their positions.
8% more capital invested
Capital invested by funds: $20.3M → $22M (+$1.7M)
0% more funds holding
Funds holding: 14 → 14 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.57% less ownership
Funds ownership: 78.82% → 78.25% (-0.57%)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$268K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$191K |
| 3 |
CF
Centaurus Financial
Anaheim,
California
|
+$152K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$37.3K |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$37K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$715K |
| 2 |
BIG
Brookwood Investment Group
Phoenix,
Arizona
|
-$329K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$218K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$145K |
| 5 |
MF
Manchester Financial
Westlake Village,
California
|
-$133K |
MMSC Hedge Fund Activity: Q3 2025 in Review
14 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) for Q3 2025, worth a combined $22M — up 8.4% from $20.3M a quarter earlier.
Fund positioning in MMSC was balanced in Q3 2025: 3 funds opened new positions, 3 closed out, 4 added to existing stakes and 6 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $268K. The largest seller was Tower Research Capital (TRC), cutting an estimated $715K.
- 14 institutional investors held First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $22M of First Trust Multi-Manager Small Cap Opportunities ETF stock for Q3 2025, up 8.4% quarter-over-quarter.
- 3 funds opened new First Trust Multi-Manager Small Cap Opportunities ETF positions in Q3 2025 and 3 closed out, a net change of 0 holders.
- The largest First Trust Multi-Manager Small Cap Opportunities ETF buyer in Q3 2025 was Envestnet Asset Management, an estimated $268K added.
- The largest First Trust Multi-Manager Small Cap Opportunities ETF seller in Q3 2025 was Tower Research Capital (TRC), an estimated $715K sold.
Based on aggregated 13F filings for Q3 2025.