First Trust Multi-Manager Small Cap Opportunities ETF
MMSC
19 hedge funds and large institutions have $30.8M invested in First Trust Multi-Manager Small Cap Opportunities ETF in 2025 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
40% more capital invested
Capital invested by funds: $22M → $30.8M (+$8.74M)
36% more funds holding
Funds holding: 14 → 19 (+5)
4.65% more ownership
Funds ownership: 78.25% → 82.9% (+4.6%)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TLP
Trinity Legacy Partners
Houston,
Texas
|
+$6.41M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.16M |
| 3 |
BIG
Brookwood Investment Group
Phoenix,
Arizona
|
+$956K |
| 4 |
ARC
Advisor Resource Council
Dallas,
Texas
|
+$398K |
| 5 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$318K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$784K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$205K |
| 3 |
MF
Manchester Financial
Westlake Village,
California
|
-$190K |
| 4 |
CF
Centaurus Financial
Anaheim,
California
|
-$163K |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$39.8K |
MMSC Hedge Fund Activity: Q4 2025 in Review
19 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) for Q4 2025, worth a combined $30.8M — up 40% from $22M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MMSC positions and 3 closed out — a net gain of 5 holders — while 5 added to existing stakes and 5 trimmed.
The largest buyer was Trinity Legacy Partners, adding an estimated $6.41M. The largest seller was Tower Research Capital (TRC), cutting an estimated $784K.
- 19 institutional investors held First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) as of Q4 2025, up from 14 in Q3 2025.
- Funds reported $30.8M of First Trust Multi-Manager Small Cap Opportunities ETF stock for Q4 2025, up 40% quarter-over-quarter.
- 8 funds opened new First Trust Multi-Manager Small Cap Opportunities ETF positions in Q4 2025 and 3 closed out, a net change of +5 holders.
- The largest First Trust Multi-Manager Small Cap Opportunities ETF buyer in Q4 2025 was Trinity Legacy Partners, an estimated $6.41M added.
- The largest First Trust Multi-Manager Small Cap Opportunities ETF seller in Q4 2025 was Tower Research Capital (TRC), an estimated $784K sold.
Based on aggregated 13F filings for Q4 2025.