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

$8.800028000245592e+198T

% of Float Held

—

QoQ Change in Holders

+15 / -1

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
RMR Wealth BuildersNew Position+1.0M+$20.5M
PFS Partners, LLCNew Position+688K+$13.8M
Sanctuary Advisors, LLCNew Position+413K+$8.2M
EnRich Financial Partners LLCNew Position+396K+$7.9M
ENVESTNET ASSET MANAGEMENT INCNew Position+387K+$7.0M
Pine Valley Investments Ltd Liability CoNew Position+220K+$4.4M
TrueWealth Financial PartnersNew Position+202K+$4.0M
TRUE BLUE FINANCIAL, LLCNew Position+202K+$4.0M
Francis Financial, Inc.New Position+161K+$3.2M
COMMONWEALTH EQUITY SERVICES, LLCNew Position+199K+$3.0M
STEPHENS INC /AR/New Position+116K+$2.3M
Gateway Wealth Partners, LLCNew Position+115K+$2.3M
Pursuit Wealth Management LLCNew Position+108K+$2.2M
Envestnet Portfolio Solutions, Inc.New Position+112K+$2.0M
MGO ONE SEVEN LLCNew Position+88K+$1.8M

FSMB — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
LPL Financial LLCDecreased-17K-$28.9B
TruWealth Advisors, LLCDecreased-22K-$12.9B
OSAIC HOLDINGS, INC.Decreased-4K-$6.1B
Allworth Financial LPDecreased-18K-$5.1B
JPMORGAN CHASE & CODecreased-29K-$4.9B
STIFEL FINANCIAL CORPDecreased-13K-$4.7B
CONDOR CAPITAL MANAGEMENTDecreased-3K-$4.7B
MML INVESTORS SERVICES, LLCDecreased-5K-$3.0B
Orion Porfolio Solutions, LLCDecreased-14K-$2.5B
COMERICA BANKDecreased-1K-$1.8B
StoneX Group Inc.Decreased-14K-$1.5B
ELEVATION POINT WEALTH PARTNERS, LLCDecreased-3K-$1.4B
Vestmark Advisory Solutions, Inc.Decreased-3K-$1.4B
Visionary Wealth AdvisorsClosed Position-68K-$1.4B
Summit Financial, LLCDecreased-6K-$1.1B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1MORGAN STANLEY4,412,892$88.0M0.01%Share
2LPL Financial LLC1,422,753$28.0M0.01%Share
3Corient Private Wealth LLC1,225,195$24.6M0.03%Share
4RMR Wealth Builders1,023,222$20.5M1.64%Share
5HighTower Advisors, LLC880,016$17.0M0.02%Share
6PFS Partners, LLC687,636$13.8M6.31%Share
7UBS Group AG685,393$13.7M0.00%Share
8TruWealth Advisors, LLC619,568$12.4M0.61%Share
9Rockefeller Capital Management L.P.476,836$9.0M0.02%Share
10ROYAL BANK OF CANADA479,560$9.0M0.00%Share
11NewEdge Advisors, LLC487,616$9.0M0.03%Share
12EnRich Financial Partners LLC396,123$7.9M2.16%Share
13ENVESTNET ASSET MANAGEMENT INC387,356$7.0M0.00%Share
14RAYMOND JAMES FINANCIAL INC385,973$7.0M0.00%Share
15Nilsine Partners, LLC252,715$5.1M0.44%Share
16WELLS FARGO & COMPANY/MN261,454$5.0M0.00%Share
17Allworth Financial LP235,153$4.7M0.02%Share
18CONDOR CAPITAL MANAGEMENT230,777$4.6M0.37%Share
19TRUE BLUE FINANCIAL, LLC201,726$4.0M3.34%Share
20TrueWealth Financial Partners201,726$4.0M3.34%Share
21JPMORGAN CHASE & CO214,080$4.0M0.00%Share
22STIFEL FINANCIAL CORP223,207$4.0M0.00%Share
23Cetera Investment Advisers214,530$4.0M0.00%Share
24WELLS FARGO & COMPANY/MN199,779$4.0M0.00%Share
25Per Stirling Capital Management, LLC.197,053$3.9M0.44%Share
26Francis Financial, Inc.161,251$3.2M0.63%Share
27COMMONWEALTH EQUITY SERVICES, LLC199,110$3.0M0.00%Share
28Sanctuary Advisors, LLC122,211$2.4M0.01%Share
29Sanctuary Advisors, LLC118,132$2.4M0.01%Share
30STEPHENS INC /AR/116,454$2.3M0.03%Share
31Gateway Wealth Partners, LLC115,448$2.3M0.26%Share
32RFG Advisory, LLC109,956$2.2M0.04%Share
33Pursuit Wealth Management LLC108,238$2.2M1.86%Share
34MML INVESTORS SERVICES, LLC147,035$2.0M0.00%Share
35Cambridge Investment Research Advisors, Inc.137,847$2.0M0.01%Share
36Envestnet Portfolio Solutions, Inc.112,281$2.0M0.01%Share
37Orion Porfolio Solutions, LLC108,781$2.0M0.01%Share
38IFP Advisors, Inc114,601$2.0M0.04%Share
39OSAIC HOLDINGS, INC.138,768$2.0M0.00%Share
40OSAIC HOLDINGS, INC.135,020$2.0M0.00%Share
41MGO ONE SEVEN LLC88,418$1.8M0.04%Share
42Insight Inv LLC88,235$1.8M0.99%Share
43Sanctuary Advisors, LLC86,169$1.7M0.01%Share
44Sanctuary Advisors, LLC86,169$1.7M0.01%Share
45Dynamic Advisor Solutions LLC82,888$1.7M0.05%Share
46Sowell Financial Services LLC79,359$1.6M0.06%Share
47COMERICA BANK74,206$1.5M0.01%Share
48GENESIS PRIVATE WEALTH, LLC70,989$1.4M0.44%Share
49Mutual Advisors, LLC69,217$1.4M0.03%Share
50Vestmark Advisory Solutions, Inc.68,375$1.4M0.02%Share

FSMB Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025139$404.6M+63
Q3 202576$280.7B-43
Q2 2025119$315.8B-8
Q1 2025127$355.2B+18
Q4 2024109$20.5T+24
Q3 202485$163.6T-1
Q2 202486$195.4T+8
Q1 202478$181.1T—

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As of Q4 2025, 50 institutional investors hold FSMB (First Trust Short Duration Managed Municipal ETF). The largest holder is MORGAN STANLEY with $88.0M in shares. This quarter, 15 institutions opened new positions and 1 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 MORGAN STANLEY with $88.0M in shares.

Is institutional ownership of FSMB increasing or decreasing?

This quarter, 15 institutions opened new positions in FSMB and 1 closed their positions.