Who Owns First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)?Hedge Fund & Institutional Holders
Institutional Holders
18
as of Q4 2025
Total Institutional Value
$1.0000001000000291e+51T
% of Float Held
—
QoQ Change in Holders
+6 / -2
Price History
HSMV — Biggest New Institutional Buyers This Quarter
| Fund | Action | Shares Added | Value Added |
|---|---|---|---|
| Tower Research Capital LLC (TRC) | Increased | +32K | +$801.9M |
| CERTIOR FINANCIAL GROUP, LLC | New Position | +8K | +$293.0M |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | New Position | +286 | +$10.0M |
| ENVESTNET ASSET MANAGEMENT INC | New Position | +211K | +$7.0M |
| Bank of New York Mellon Corp | New Position | +137K | +$4.0M |
| Envestnet Portfolio Solutions, Inc. | New Position | +6K | +$0 |
| MORGAN STANLEY | New Position | +1 | +$0 |
| Cambridge Investment Research Advisors, Inc. | Increased | +8K | +$-199K |
| PRINCIPAL SECURITIES, INC. | Increased | +1K | +$-511K |
| LPL Financial LLC | Increased | +11K | +$-5.5B |
| Cetera Investment Advisers | Increased | +4K | +$-6.2B |
HSMV — Institutions Reducing or Closing Positions
| Fund | Action | Shares Sold | Value Sold |
|---|---|---|---|
| TWO SIGMA INVESTMENTS, LP | Closed Position | -7K | -$263.2M |
| OSAIC HOLDINGS, INC. | Decreased | -411 | -$142.9M |
| Orion Porfolio Solutions, LLC | Decreased | -809 | -$86.6M |
| UBS Group AG | Decreased | -788 | -$30.0M |
| Rossby Financial, LCC | Closed Position | -244 | -$8.9M |
Top Institutional Holders(Q4 2025)
| # | Fund | Shares | Value | % of Portfolio | Type |
|---|---|---|---|---|---|
| 1 | Orion Porfolio Solutions, LLC | 29,065 | $1.0B | 0.01% | Share |
| 2 | Tower Research Capital LLC (TRC) | 37,863 | $1.0B | 0.02% | Share |
| 3 | CERTIOR FINANCIAL GROUP, LLC | 8,246 | $293.0M | 0.20% | Share |
| 4 | UBS Group AG | 890 | $31.0M | 0.00% | Share |
| 5 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 286 | $10.0M | 0.00% | Share |
| 6 | ENVESTNET ASSET MANAGEMENT INC | 211,235 | $7.0M | 0.00% | Share |
| 7 | Cetera Investment Advisers | 175,477 | $6.0M | 0.01% | Share |
| 8 | Cambridge Investment Research Advisors, Inc. | 150,687 | $5.0M | 0.01% | Share |
| 9 | LPL Financial LLC | 163,070 | $5.0M | 0.00% | Share |
| 10 | Bank of New York Mellon Corp | 137,121 | $4.0M | 0.00% | Share |
| 11 | Horizon Investments, LLC | 64 | $2.0M | 0.00% | Share |
| 12 | Truvestments Capital LLC | 227 | $8K | 0.00% | Share |
| 13 | Envestnet Portfolio Solutions, Inc. | 6,327 | $0 | 0.00% | Share |
| 14 | PRINCIPAL SECURITIES, INC. | 15,488 | $0 | 0.00% | Share |
| 15 | MORGAN STANLEY | 1 | $0 | 0.00% | Share |
| 16 | OSAIC HOLDINGS, INC. | 3,502 | $0 | 0.00% | Share |
| 17 | Russell Investments Group, Ltd. | 1 | $0 | 0.00% | Share |
| 18 | Bank of New York Mellon Corp | 2 | $0 | 0.00% | Share |
HSMV Institutional Ownership History
| Quarter | Holders | Total Value | Change |
|---|---|---|---|
| Q4 2025 | 17 | $2.4B | +4 |
| Q3 2025 | 13 | $13.5B | -1 |
| Q2 2025 | 14 | $30.3B | -4 |
| Q1 2025 | 18 | $19.6B | -1 |
| Q4 2024 | 19 | $803.6B | +1 |
| Q3 2024 | 18 | $12.0T | +4 |
| Q2 2024 | 14 | $7.0T | -2 |
| Q1 2024 | 16 | $6.9T | — |
Similar Stocks by Institutional Ownership
As of Q4 2025, 18 institutional investors hold HSMV (First Trust Horizon Managed Volatility Small/Mid ETF). The largest holder is Orion Porfolio Solutions, LLC with $1.0B in shares. This quarter, 6 institutions opened new positions and 2 closed their positions.
Frequently Asked Questions
How many hedge funds own HSMV?
As of Q4 2025, 18 institutional investors report holding HSMV (First Trust Horizon Managed Volatility Small/Mid ETF) in their 13F filings.
Who is the largest institutional holder of HSMV?
The largest institutional holder of HSMV is Orion Porfolio Solutions, LLC with $1.0B in shares.
Is institutional ownership of HSMV increasing or decreasing?
This quarter, 6 institutions opened new positions in HSMV and 2 closed their positions.