Who Owns First Trust Short Duration Managed Municipal ETF (FSMB)?Hedge Fund & Institutional Holders

$20.12-0.01 (-0.05%)Financial ServicesNYSE_ARCA

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

—

QoQ Change in Holders

+14 / -3

Price History

$19.58$19.74$19.91$20.07$20.24Sep 24Jun 25Mar 26

FSMB — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
PFS Partners, LLCNew Position+688K+$13.8B
EnRich Financial Partners LLCNew Position+396K+$7.9B
TrueWealth Financial PartnersNew Position+202K+$4.0B
Francis Financial, Inc.New Position+161K+$3.2B
COMMONWEALTH EQUITY SERVICES, LLCNew Position+199K+$3.0B
STEPHENS INC /AR/New Position+116K+$2.3B
Gateway Wealth Partners, LLCNew Position+115K+$2.3B
Insight Inv LLCNew Position+88K+$1.8B
Sowell Financial Services LLCNew Position+79K+$1.6B
Mutual Advisors, LLCNew Position+69K+$1.4B
AVAII WEALTH MANAGEMENT, LLCNew Position+55K+$1.1B
FSB PREMIER WEALTH MANAGEMENT, INC.New Position+49K+$979.0M
Tower Research Capital LLC (TRC)Increased+54K+$929.7M
D.A. DAVIDSON & CO.New Position+41K+$818.0M
ARBOR CAPITAL MANAGEMENT INC /ADVNew Position+40K+$798.0M

FSMB — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
LPL Financial LLCDecreased-17K-$28.9B
Allworth Financial LPDecreased-18K-$5.1B
MML INVESTORS SERVICES, LLCDecreased-5K-$3.0B
OSAIC HOLDINGS, INC.Decreased-4K-$2.1B
StoneX Group Inc.Decreased-14K-$1.5B
Vestmark Advisory Solutions, Inc.Decreased-3K-$1.4B
Visionary Wealth AdvisorsClosed Position-68K-$1.4B
CITADEL ADVISORS LLCClosed Position-55K-$1.1B
JPMORGAN CHASE & CODecreased-29K-$881.0M
STIFEL FINANCIAL CORPDecreased-13K-$740.9M
Crossmark Global Holdings, Inc.Closed Position-36K-$715.5M
World Investment AdvisorsDecreased-2K-$489.9M
TruWealth Advisors, LLCDecreased-22K-$472.2M
Orion Porfolio Solutions, LLCDecreased-14K-$469.3M
ELEVATION POINT WEALTH PARTNERS, LLCDecreased-3K-$436.6M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1PFS Partners, LLC687,636$13.8B6.31%Share
2UBS Group AG685,393$13.7B2.23%Share
3TruWealth Advisors, LLC619,568$12.4B0.61%Share
4ROYAL BANK OF CANADA479,560$9.0B1.46%Share
5Rockefeller Capital Management L.P.476,836$9.0B16.20%Share
6EnRich Financial Partners LLC396,123$7.9B2.16%Share
7RAYMOND JAMES FINANCIAL INC385,973$7.0B2.18%Share
8Nilsine Partners, LLC252,715$5.1B0.44%Share
9WELLS FARGO & COMPANY/MN261,454$5.0B0.91%Share
10CONDOR CAPITAL MANAGEMENT230,777$4.6B0.37%Share
11TrueWealth Financial Partners201,726$4.0B3.34%Share
12STIFEL FINANCIAL CORP223,207$4.0B3.60%Share
13JPMORGAN CHASE & CO214,080$4.0B0.25%Share
14WELLS FARGO & COMPANY/MN199,779$4.0B0.73%Share
15Per Stirling Capital Management, LLC.197,053$3.9B0.44%Share
16Francis Financial, Inc.161,251$3.2B0.63%Share
17COMMONWEALTH EQUITY SERVICES, LLC199,110$3.0B4.00%Share
18STEPHENS INC /AR/116,454$2.3B29.04%Share
19Gateway Wealth Partners, LLC115,448$2.3B0.26%Share
20Orion Porfolio Solutions, LLC108,781$2.0B14.67%Share
21OSAIC HOLDINGS, INC.138,768$2.0B2.92%Share
22OSAIC HOLDINGS, INC.135,020$2.0B2.92%Share
23IFP Advisors, Inc114,601$2.0B0.04%Share
24Insight Inv LLC88,235$1.8B0.99%Share
25Sowell Financial Services LLC79,359$1.6B0.06%Share
26COMERICA BANK74,206$1.5B5.93%Share
27GENESIS PRIVATE WEALTH, LLC70,989$1.4B0.44%Share
28Mutual Advisors, LLC69,217$1.4B0.03%Share
29Hobart Private Capital, LLC56,667$1.1B0.22%Share
30AVAII WEALTH MANAGEMENT, LLC55,326$1.1B0.40%Share
31Security Financial Services, INC.54,655$1.1B0.17%Share
32Elequin Capital, LP51,965$1.0B0.08%Share
33ELEVATION POINT WEALTH PARTNERS, LLC68,375$1.0B0.05%Share
34RAYMOND JAMES FINANCIAL INC72,809$1.0B0.31%Share
35Equitable Holdings, Inc.80,979$1.0B6.84%Share
36Tower Research Capital LLC (TRC)57,463$1.0B0.02%Share
37FSB PREMIER WEALTH MANAGEMENT, INC.48,856$979.0M0.31%Share
38Stratos Wealth Partners, LTD.41,958$841.0M9.51%Share
39D.A. DAVIDSON & CO.40,827$818.0M5.01%Share
40ARBOR CAPITAL MANAGEMENT INC /ADV39,775$798.0M0.67%Share
41TRUST CO OF OKLAHOMA33,043$662.0M0.19%Share
42Sigma Planning Corp31,553$632.0M0.02%Share
43Eldridge Investment Advisors, Inc.31,491$631.0M0.14%Share
44Foster Victor Wealth Advisors, LLC27,163$546.0M0.03%Share
45CASTLE WEALTH MANAGEMENT LLC26,203$525.0M0.17%Share
46Principle Wealth Partners LLC24,040$481.0M0.03%Share
47Summit Wealth Partners, LLC23,394$468.0M0.09%Share
48ONE PLUS ONE WEALTH MANAGEMENT, LLC21,119$423.0M0.20%Share
49Core Wealth Partners LLC19,831$397.0M0.18%Share
50Capital Investment Advisory Services, LLC19,729$395.0M0.03%Share

FSMB Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025136$157.1B+60
Q3 202576$187.6B-42
Q2 2025118$247.3B-8
Q1 2025126$318.1B+17
Q4 2024109$3.1T+24
Q3 202485$37.1T+0
Q2 202485$17.2T+8
Q1 202477$377.0T—

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As of Q4 2025, 50 institutional investors hold FSMB (First Trust Short Duration Managed Municipal ETF). The largest holder is PFS Partners, LLC with $13.8B in shares. This quarter, 14 institutions opened new positions and 3 closed their positions.

Frequently Asked Questions

How many hedge funds own FSMB?

As of Q4 2025, 50 institutional investors report holding FSMB (First Trust Short Duration Managed Municipal ETF) in their 13F filings.

Who is the largest institutional holder of FSMB?

The largest institutional holder of FSMB is PFS Partners, LLC with $13.8B in shares.

Is institutional ownership of FSMB increasing or decreasing?

This quarter, 14 institutions opened new positions in FSMB and 3 closed their positions.