FT Vest US Small Cap Moderate Buffer ETF May
SMAY
54 hedge funds and large institutions have $40.6M invested in FT Vest US Small Cap Moderate Buffer ETF May in 2025 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 23 reducing their positions, and 8 closing their positions.
7% less funds holding
Funds holding: 58 → 54 (-4)
17.67% less ownership
Funds ownership: 58.88% → 41.21% (-18%)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
29% less capital invested
Capital invested by funds: $57.2M → $40.6M (-$16.5M)
48% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 23
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$813K |
| 2 |
ATPW
Ashton Thomas Private Wealth
Scottsdale,
Arizona
|
+$796K |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$445K |
| 4 |
PA
PFG Advisors
Phoenix,
Arizona
|
+$255K |
| 5 |
SWA
SOA Wealth Advisors
New York
|
+$237K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAW
Signal Advisors Wealth
Detroit,
Michigan
|
-$4.74M |
| 2 |
MW
Maia Wealth
Denver,
Colorado
|
-$4.17M |
| 3 |
LWM
Lionshead Wealth Management
New York
|
-$1.83M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$917K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$684K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
UBS Group
Zurich,
Switzerland
| $14.7K | +$938 | +38 | +7% |
|
|
CFD
52
Creative Financial Designs
Kokomo,
Indiana
| $14.3K | -$7.77K | -315 | -36% |
|
|
AWM
53
AE Wealth Management
Topeka,
Kansas
| $10.9K | +$864 | +35 | +9% |
|
54
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $6K | – | – | – |
|
|
SAW
55
Signal Advisors Wealth
Detroit,
Michigan
| – | -$4.74M | -197,779 | Closed |
|
|
MW
56
Maia Wealth
Denver,
Colorado
| – | -$4.17M | -173,998 | Closed |
|
|
57
Citadel Advisors
Miami,
Florida
| – | -$684K | -28,525 | Closed |
|
58
Jane Street
New York
| – | -$399K | -16,626 | Closed |
|
|
NA
59
NewEdge Advisors
New Orleans,
Louisiana
| – | -$205K | -8,542 | Closed |
|
|
IA
60
IFP Advisors
Tampa,
Florida
| – | -$37.8K | -1,579 | Closed |
|
|
TPWA
61
Twin Peaks Wealth Advisors
Burlingame,
California
| – | -$31.6K | -1,286 | Closed |
|
|
AWM
62
Abound Wealth Management
Franklin,
Tennessee
| – | -$24K | -1,000 | Closed |
|
SMAY Hedge Fund Activity: Q3 2025 in Review
54 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in FT Vest US Small Cap Moderate Buffer ETF May (SMAY) for Q3 2025, worth a combined $40.6M — down 29% from $57.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SMAY and 6 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 12 added.
The largest buyer was Cetera Investment Advisers, adding an estimated $813K. The largest seller was Signal Advisors Wealth, exiting entirely with an estimated $4.74M sold.
- 54 institutional investors held FT Vest US Small Cap Moderate Buffer ETF May (SMAY) as of Q3 2025, down from 58 in Q2 2025.
- Funds reported $40.6M of FT Vest US Small Cap Moderate Buffer ETF May stock for Q3 2025, down 29% quarter-over-quarter.
- 6 funds opened new FT Vest US Small Cap Moderate Buffer ETF May positions in Q3 2025 and 8 closed out, a net change of -2 holders.
- The largest FT Vest US Small Cap Moderate Buffer ETF May buyer in Q3 2025 was Cetera Investment Advisers, an estimated $813K added.
- The largest FT Vest US Small Cap Moderate Buffer ETF May seller in Q3 2025 was Signal Advisors Wealth, an estimated $4.74M sold.
Based on aggregated 13F filings for Q3 2025.