First Trust Morningstar Dividend Leaders Index Fund
443 hedge funds and large institutions have $3.25B invested in First Trust Morningstar Dividend Leaders Index Fund in 2025 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 199 increasing their positions, 123 reducing their positions, and 37 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 199 | Existing positions reduced: 123
32% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 37
2% more funds holding
Funds holding: 433 → 443 (+10)
1% more capital invested
Capital invested by funds: $3.22B → $3.25B (+$31.2M)
0.12% less ownership
Funds ownership: 60.12% → 60.01% (-0.12%)
15% less funds holding in top 10
Funds holding in top 10: 20 → 17 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$45.8M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$28.8M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$24.4M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$17M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$16.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
-$46.7M |
| 2 |
JP Morgan Chase
New York
|
-$30.6M |
| 3 |
OCM
One Capital Management
Westlake Village,
California
|
-$27.9M |
| 4 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$18.5M |
| 5 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$10.7M |
FDL Hedge Fund Activity: Q2 2025 in Review
443 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q2 2025, worth a combined $3.25B — up 0.97% from $3.22B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new FDL positions and 37 closed out — a net gain of 12 holders — while 199 added to existing stakes and 123 trimmed.
The largest buyer was LPL Financial, adding an estimated $45.8M. The largest seller was Creative Planning, cutting an estimated $46.7M.
- 443 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q2 2025, up from 433 in Q1 2025.
- Funds reported $3.25B of First Trust Morningstar Dividend Leaders Index Fund stock for Q2 2025, up 0.97% quarter-over-quarter.
- 49 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q2 2025 and 37 closed out, a net change of +12 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q2 2025 was LPL Financial, an estimated $45.8M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q2 2025 was Creative Planning, an estimated $46.7M sold.
Based on aggregated 13F filings for Q2 2025.