First Trust Morningstar Dividend Leaders Index Fund
437 hedge funds and large institutions have $3.53B invested in First Trust Morningstar Dividend Leaders Index Fund in 2025 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 189 increasing their positions, 137 reducing their positions, and 38 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 189 | Existing positions reduced: 137
9% more capital invested
Capital invested by funds: $3.25B → $3.53B (+$287M)
1.4% more ownership
Funds ownership: 60.01% → 61.4% (+1.4%)
3% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 38
1% less funds holding
Funds holding: 443 → 437 (-6)
18% less funds holding in top 10
Funds holding in top 10: 17 → 14 (-3)
Top Buyers
| 1 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
+$130M |
| 2 |
Goldman Sachs
New York
|
+$18.6M |
| 3 |
LPL Financial
San Diego,
California
|
+$15.4M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$15.1M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$12.4M |
Top Sellers
| 1 |
BHB
Bank Hapoalim BM
Tel Aviv,
Israel
|
-$15.1M |
| 2 |
RW
Rockport Wealth
Fairview Park,
Ohio
|
-$13.3M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$10.1M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$8.52M |
| 5 |
WWM
WJ Wealth Management
Glendale,
Arizona
|
-$7.77M |
FDL Hedge Fund Activity: Q3 2025 in Review
437 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q3 2025, worth a combined $3.53B — up 8.8% from $3.25B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of FDL and 37 opened new positions — a net loss of 1 holder — while 137 trimmed existing stakes and 189 added.
The largest buyer was Arax Advisory Partners, adding an estimated $130M. The largest seller was Bank Hapoalim BM, exiting entirely with an estimated $15.1M sold.
- 437 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q3 2025, down from 443 in Q2 2025.
- Funds reported $3.53B of First Trust Morningstar Dividend Leaders Index Fund stock for Q3 2025, up 8.8% quarter-over-quarter.
- 37 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q3 2025 and 38 closed out, a net change of -1 holder.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q3 2025 was Arax Advisory Partners, an estimated $130M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q3 2025 was Bank Hapoalim BM, an estimated $15.1M sold.
Based on aggregated 13F filings for Q3 2025.