First Trust STOXX European Select Dividend Income Fund
FDD
70 hedge funds and large institutions have $76M invested in First Trust STOXX European Select Dividend Income Fund in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 25 increasing their positions, 33 reducing their positions, and 12 closing their positions.
13% less funds holding
Funds holding: 80 → 70 (-10)
17.54% less ownership
Funds ownership: 64.47% → 46.93% (-18%)
24% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 33
37% less capital invested
Capital invested by funds: $120M → $76M (-$44.1M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
75% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$945K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$425K |
| 3 |
EH
Equitable Holdings
New York
|
+$298K |
| 4 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$283K |
| 5 |
IP
Intellectus Partners
San Francisco,
California
|
+$262K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$23M |
| 2 |
SMF
Sterling Manor Financial
Saratoga Springs,
New York
|
-$7.71M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$7.56M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.27M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$581K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LWM
76
Liberty Wealth Management
Oakland,
California
| – | -$166K | -13,747 | Closed |
|
77
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$152K | -12,576 | Closed |
|
|
OPA
78
Old Port Advisors
Portland,
Maine
| – | -$152K | -12,568 | Closed |
|
79
Fisher Asset Management
Camas,
Washington
| – | -$134K | -11,114 | Closed |
|
80
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$38.6K | -3,200 | Closed |
|
|
LA
81
LM Advisors
San Diego,
California
| – | -$10.3K | -854 | Closed |
|
|
LFG
82
Larson Financial Group
St Louis,
Missouri
| – | -$5.23K | -433 | Closed |
|
FDD Hedge Fund Activity: Q1 2024 in Review
70 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust STOXX European Select Dividend Income Fund (FDD) for Q1 2024, worth a combined $76M — down 37% from $120M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FDD and 3 opened new positions — a net loss of 9 holders — while 33 trimmed existing stakes and 25 added.
The largest buyer was Royal Bank of Canada, adding an estimated $945K. The largest seller was Morgan Stanley, cutting an estimated $23M.
- 70 institutional investors held First Trust STOXX European Select Dividend Income Fund (FDD) as of Q1 2024, down from 80 in Q4 2023.
- Funds reported $76M of First Trust STOXX European Select Dividend Income Fund stock for Q1 2024, down 37% quarter-over-quarter.
- 3 funds opened new First Trust STOXX European Select Dividend Income Fund positions in Q1 2024 and 12 closed out, a net change of -9 holders.
- The largest First Trust STOXX European Select Dividend Income Fund buyer in Q1 2024 was Royal Bank of Canada, an estimated $945K added.
- The largest First Trust STOXX European Select Dividend Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $23M sold.
Based on aggregated 13F filings for Q1 2024.