First Trust Morningstar Dividend Leaders Index Fund
494 hedge funds and large institutions have $4.43B invested in First Trust Morningstar Dividend Leaders Index Fund in 2026 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 216 increasing their positions, 155 reducing their positions, and 37 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 216 | Existing positions reduced: 155
5% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 37
2% less capital invested
Capital invested by funds: $4.52B → $4.43B (-$90.5M)
1.11% less ownership
Funds ownership: 62.04% → 60.93% (-1.1%)
2% less funds holding
Funds holding: 503 → 494 (-9)
9% less funds holding in top 10
Funds holding in top 10: 23 → 21 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$83.4M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$20.8M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$15.6M |
| 4 |
Jones Financial Companies
Des Peres,
Missouri
|
+$14.3M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$31.7M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$30.2M |
| 3 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$14.7M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$12.5M |
| 5 |
IRC
Investors Research Corp
Atlanta,
Georgia
|
-$8.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NA
526
Networth Advisors
Canonsburg,
Pennsylvania
| – | -$51.2K | -1,007 | Closed |
|
527
Barclays
London,
United Kingdom
| – | -$40.6K | -800 | Closed |
|
|
Q1WB
528
Quest 10 Wealth Builders
Fuquay-Varina,
Virginia
| – | -$22.3K | -439 | Closed |
|
|
NB
529
NBT Bank
Norwich,
New York
| – | -$15K | -295 | Closed |
|
|
SFAM
530
Sawyer Falduto Asset Management
Elmhurst,
Illinois
| – | -$9.04K | -178 | Closed |
|
|
CCWM
531
Cassaday & Co Wealth Management
Mclean,
Virginia
| – | -$2.5K | -49 | Closed |
|
|
NRG
532
Nemes Rush Group
Novi,
Michigan
| – | -$1.02K | -20 | Closed |
|
|
TFA
533
Toth Financial Advisory
Leesburg,
Virginia
| – | -$1.02K | -20 | Closed |
|
FDL Hedge Fund Activity: Q2 2026 in Review
494 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q2 2026, worth a combined $4.43B — down 2% from $4.52B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new FDL positions and 37 closed out — a net gain of 2 holders — while 216 added to existing stakes and 155 trimmed.
The largest buyer was LPL Financial, adding an estimated $83.4M. The largest seller was JP Morgan Chase, cutting an estimated $31.7M.
- 494 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q2 2026, down from 503 in Q1 2026.
- Funds reported $4.43B of First Trust Morningstar Dividend Leaders Index Fund stock for Q2 2026, down 2% quarter-over-quarter.
- 39 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q2 2026 and 37 closed out, a net change of +2 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q2 2026 was LPL Financial, an estimated $83.4M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q2 2026 was JP Morgan Chase, an estimated $31.7M sold.
Based on aggregated 13F filings for Q2 2026.