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First Trust Multi-Manager Small Cap Opportunities ETF
MMSC

17 hedge funds and large institutions have $34.6M invested in First Trust Multi-Manager Small Cap Opportunities ETF in 2026 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 4

12% more capital invested

Capital invested by funds: $30.8M → $34.6M (+$3.84M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4.42% less ownership

Funds ownership: 82.9% → 78.48% (-4.4%)

11% less funds holding

Funds holding: 19 → 17 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
17
Holders Change
-2
Holders Change %
-10.53%
% of All Funds
0.21%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
4
Increased
8
Reduced
4
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$1.77M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$935K
3
Osaic Holdings
Osaic Holdings
Arizona
+$523K
4
TRCT
Tower Research Capital (TRC)
New York
+$502K
5
BIG
Brookwood Investment Group
Arizona
+$376K

Top Sellers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$646K
2
JIP
Jaffetilchin Investment Partners
Florida
-$352K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$240K
4
MF
Manchester Financial
California
-$169K
5
Truist Financial
Truist Financial
North Carolina
-$141K
Name Holding Trade Value Shares
Change 		Change in
Stake
TLP
1
Trinity Legacy Partners
Texas
$12M +$29.4K +1,175 +0.3%
JIP
2
Jaffetilchin Investment Partners
Florida
$6.76M -$352K -14,100 -5%
MF
3
Manchester Financial
California
$6.04M -$169K -6,753 -3%
Cetera Investment Advisers
4
Cetera Investment Advisers
Illinois
$3.41M +$1.77M +70,651 +96%
BIG
5
Brookwood Investment Group
Arizona
$1.3M +$376K +15,052 +38%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$1.18M +$935K +37,398 +306%
Cambridge Investment Research Advisors
7
Cambridge Investment Research Advisors
Iowa
$912K -$66.5K -2,660 -6%
ARC
8
Advisor Resource Council
Texas
$707K +$329K +13,167 +79%
Osaic Holdings
9
Osaic Holdings
Arizona
$657K +$523K +20,931 +309%
TRCT
10
Tower Research Capital (TRC)
New York
$542K +$502K +20,078 +724%
TI
11
Tidal Investments
Wisconsin
$462K +$156K +6,224 +47%
Truist Financial
12
Truist Financial
North Carolina
$221K -$141K -5,655 -38%
VEM
13
Vann Equity Management
Texas
$211K +$223K +8,904 New
ACA
14
Aptus Capital Advisors
Alabama
$110K – – –
AI
15
Arvest Investments
Arkansas
$37.4K +$39.4K +1,576 New
ASN
16
Advisory Services Network
Georgia
$25.2K +$26.6K +1,065 New
ACM
17
Anfield Capital Management
California
$1.61K +$1.7K +68 New
Envestnet Asset Management
18
Envestnet Asset Management
Illinois
– -$646K -26,998 Closed
Susquehanna International Group
19
Susquehanna International Group
Pennsylvania
– -$240K -10,005 Closed
KAS
20
Kestra Advisory Services
Texas
– -$49.9K -2,086 Closed
IIM
21
IFC & Insurance Marketing
California
– -$5K -226 Closed
JP Morgan Chase
22
JP Morgan Chase
New York
– -$1.82K -76 Closed
GWSA
23
Global Wealth Strategies & Associates
Colorado
– -$96 -4 Closed

MMSC Hedge Fund Activity: Q1 2026 in Review

17 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) for Q1 2026, worth a combined $34.6M — up 12% from $30.8M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of MMSC and 4 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 8 added.

The largest buyer was Cetera Investment Advisers, adding an estimated $1.77M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $646K sold.

  • 17 institutional investors held First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) as of Q1 2026, down from 19 in Q4 2025.
  • Funds reported $34.6M of First Trust Multi-Manager Small Cap Opportunities ETF stock for Q1 2026, up 12% quarter-over-quarter.
  • 4 funds opened new First Trust Multi-Manager Small Cap Opportunities ETF positions in Q1 2026 and 6 closed out, a net change of -2 holders.
  • The largest First Trust Multi-Manager Small Cap Opportunities ETF buyer in Q1 2026 was Cetera Investment Advisers, an estimated $1.77M added.
  • The largest First Trust Multi-Manager Small Cap Opportunities ETF seller in Q1 2026 was Envestnet Asset Management, an estimated $646K sold.

Based on aggregated 13F filings for Q1 2026.