First Trust North American Energy Infrastructure Fund
EMLP
374 hedge funds and large institutions have $2.55B invested in First Trust North American Energy Infrastructure Fund in 2025 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 151 increasing their positions, 123 reducing their positions, and 20 closing their positions.
105% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 20
23% more repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 123
4% more funds holding
Funds holding: 360 → 374 (+14)
1% less capital invested
Capital invested by funds: $2.58B → $2.55B (-$26.1M)
1.33% less ownership
Funds ownership: 76.88% → 75.56% (-1.3%)
30% less funds holding in top 10
Funds holding in top 10: 10 → 7 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$22.6M |
| 2 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$10.7M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$8.57M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.36M |
| 5 |
Rockefeller Capital Management
New York
|
+$2.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPO
Cerity Partners OCIO
New York
|
-$49.4M |
| 2 |
ABTD
Arvest Bank Trust Division
Dewey,
Oklahoma
|
-$18.9M |
| 3 |
FWP
Forefront Wealth Partners
Austin,
Texas
|
-$9.93M |
| 4 |
AI
Arvest Investments
Lowell,
Arkansas
|
-$6.45M |
| 5 |
FLPIM
F.L. Putnam Investment Management
Lynnfield,
Massachusetts
|
-$4.1M |
EMLP Hedge Fund Activity: Q4 2025 in Review
374 of the 8,286 institutional investors tracked by Wall St. Rank reported a position in First Trust North American Energy Infrastructure Fund (EMLP) for Q4 2025, worth a combined $2.55B — down 1% from $2.58B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new EMLP positions and 20 closed out — a net gain of 21 holders — while 151 added to existing stakes and 123 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $22.6M. The largest seller was Cerity Partners OCIO, cutting an estimated $49.4M.
- 374 institutional investors held First Trust North American Energy Infrastructure Fund (EMLP) as of Q4 2025, up from 360 in Q3 2025.
- Funds reported $2.55B of First Trust North American Energy Infrastructure Fund stock for Q4 2025, down 1% quarter-over-quarter.
- 41 funds opened new First Trust North American Energy Infrastructure Fund positions in Q4 2025 and 20 closed out, a net change of +21 holders.
- The largest First Trust North American Energy Infrastructure Fund buyer in Q4 2025 was Morgan Stanley, an estimated $22.6M added.
- The largest First Trust North American Energy Infrastructure Fund seller in Q4 2025 was Cerity Partners OCIO, an estimated $49.4M sold.
Based on aggregated 13F filings for Q4 2025.