First Trust STOXX European Select Dividend Income Fund
FDD
80 hedge funds and large institutions have $120M invested in First Trust STOXX European Select Dividend Income Fund in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 15 increasing their positions, 37 reducing their positions, and 10 closing their positions.
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
25% more capital invested
Capital invested by funds: $96.1M → $120M (+$24M)
10.85% more ownership
Funds ownership: 53.62% → 64.47% (+11%)
10% more funds holding
Funds holding: 73 → 80 (+7)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
59% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$18.9M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$7.54M |
| 3 |
IP
Intellectus Partners
San Francisco,
California
|
+$899K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$722K |
| 5 |
HPC
Hobart Private Capital
Charlotte,
North Carolina
|
+$516K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$6.38M |
| 2 |
Jane Street
New York
|
-$4.99M |
| 3 |
SMF
Sterling Manor Financial
Saratoga Springs,
New York
|
-$1.82M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$1.38M |
| 5 |
LPL Financial
San Diego,
California
|
-$1.3M |
FDD Hedge Fund Activity: Q4 2023 in Review
80 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust STOXX European Select Dividend Income Fund (FDD) for Q4 2023, worth a combined $120M — up 25% from $96.1M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FDD positions and 10 closed out — a net gain of 7 holders — while 15 added to existing stakes and 37 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $18.9M. The largest seller was UBS Group, cutting an estimated $6.38M.
- 80 institutional investors held First Trust STOXX European Select Dividend Income Fund (FDD) as of Q4 2023, up from 73 in Q3 2023.
- Funds reported $120M of First Trust STOXX European Select Dividend Income Fund stock for Q4 2023, up 25% quarter-over-quarter.
- 17 funds opened new First Trust STOXX European Select Dividend Income Fund positions in Q4 2023 and 10 closed out, a net change of +7 holders.
- The largest First Trust STOXX European Select Dividend Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $18.9M added.
- The largest First Trust STOXX European Select Dividend Income Fund seller in Q4 2023 was UBS Group, an estimated $6.38M sold.
Based on aggregated 13F filings for Q4 2023.