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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.77M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$935K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$523K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$502K |
| 5 |
BIG
Brookwood Investment Group
Phoenix,
Arizona
|
+$376K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$646K |
| 2 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
-$352K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$240K |
| 4 |
MF
Manchester Financial
Westlake Village,
California
|
-$169K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$141K |
MMSC Hedge Fund Activity: Q1 2026 in Review
17 of the 8,191 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.