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 |
SMAY Hedge Fund Activity: Q3 2025 in Review
54 of the 7,640 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.