FT Vest US Small Cap Moderate Buffer ETF May
SMAY
62 hedge funds and large institutions have $43.2M invested in FT Vest US Small Cap Moderate Buffer ETF May in 2025 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 6 increasing their positions, 24 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
15% more funds holding
Funds holding: 54 → 62 (+8)
6% more capital invested
Capital invested by funds: $40.6M → $43.2M (+$2.56M)
4.99% more ownership
Funds ownership: 41.21% → 46.2% (+5%)
75% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WWM
Westwood Wealth Management
Los Angeles,
California
|
+$2.13M |
| 2 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
+$698K |
| 3 |
OAS
Optivise Advisory Services
Franklin,
Tennessee
|
+$460K |
| 4 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
+$285K |
| 5 |
SOS
Silver Oak Securities
Jackson,
Tennessee
|
+$225K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ATS
Ashton Thomas Securities
Rochester,
New York
|
-$1.11M |
| 2 |
HIS
Harvest Investment Services
Oakbrook Terrace,
Illinois
|
-$766K |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$457K |
| 4 |
PA
PFG Advisors
Phoenix,
Arizona
|
-$262K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$257K |
SMAY Hedge Fund Activity: Q4 2025 in Review
62 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in FT Vest US Small Cap Moderate Buffer ETF May (SMAY) for Q4 2025, worth a combined $43.2M — up 6.3% from $40.6M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SMAY positions and 5 closed out — a net gain of 9 holders — while 6 added to existing stakes and 24 trimmed.
The largest buyer was Westwood Wealth Management, opening a new position worth an estimated $2.13M. The largest seller was Ashton Thomas Securities, exiting entirely with an estimated $1.11M sold.
- 62 institutional investors held FT Vest US Small Cap Moderate Buffer ETF May (SMAY) as of Q4 2025, up from 54 in Q3 2025.
- Funds reported $43.2M of FT Vest US Small Cap Moderate Buffer ETF May stock for Q4 2025, up 6.3% quarter-over-quarter.
- 14 funds opened new FT Vest US Small Cap Moderate Buffer ETF May positions in Q4 2025 and 5 closed out, a net change of +9 holders.
- The largest FT Vest US Small Cap Moderate Buffer ETF May buyer in Q4 2025 was Westwood Wealth Management, an estimated $2.13M added.
- The largest FT Vest US Small Cap Moderate Buffer ETF May seller in Q4 2025 was Ashton Thomas Securities, an estimated $1.11M sold.
Based on aggregated 13F filings for Q4 2025.