FT Vest US Small Cap Moderate Buffer ETF May
SMAY
57 hedge funds and large institutions have $30M invested in FT Vest US Small Cap Moderate Buffer ETF May in 2026 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 29 reducing their positions, and 8 closing their positions.
8% less funds holding
Funds holding: 62 → 57 (-5)
9.51% less ownership
Funds ownership: 46.2% → 36.68% (-9.5%)
31% less capital invested
Capital invested by funds: $43.2M → $30M (-$13.2M)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
72% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$802K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$492K |
| 3 |
EWS
Evergreen Wealth Solutions
Williamsport,
Pennsylvania
|
+$319K |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$300K |
| 5 |
BWS
BFI Wealth Solutions
Dallas,
Texas
|
+$226K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.32M |
| 2 |
WWM
Westwood Wealth Management
Los Angeles,
California
|
-$2.16M |
| 3 |
EMAM
Encompass More Asset Management
Danville,
California
|
-$1.54M |
| 4 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$1.53M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$1.29M |
SMAY Hedge Fund Activity: Q1 2026 in Review
57 of the 8,128 institutional investors tracked by Wall St. Rank reported a position in FT Vest US Small Cap Moderate Buffer ETF May (SMAY) for Q1 2026, worth a combined $30M — down 31% from $43.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SMAY and 3 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 8 added.
The largest buyer was Wealth Enhancement Advisory Services, adding an estimated $802K. The largest seller was Osaic Holdings, cutting an estimated $3.32M.
- 57 institutional investors held FT Vest US Small Cap Moderate Buffer ETF May (SMAY) as of Q1 2026, down from 62 in Q4 2025.
- Funds reported $30M of FT Vest US Small Cap Moderate Buffer ETF May stock for Q1 2026, down 31% quarter-over-quarter.
- 3 funds opened new FT Vest US Small Cap Moderate Buffer ETF May positions in Q1 2026 and 8 closed out, a net change of -5 holders.
- The largest FT Vest US Small Cap Moderate Buffer ETF May buyer in Q1 2026 was Wealth Enhancement Advisory Services, an estimated $802K added.
- The largest FT Vest US Small Cap Moderate Buffer ETF May seller in Q1 2026 was Osaic Holdings, an estimated $3.32M sold.
Based on aggregated 13F filings for Q1 2026.