First Trust Morningstar Dividend Leaders Index Fund
87 hedge funds and large institutions have $393M invested in First Trust Morningstar Dividend Leaders Index Fund in 2014 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 7 closing their positions.
200% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 7
71% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 21
56% more capital invested
Capital invested by funds: $252M → $393M (+$141M)
16% more funds holding
Funds holding: 75 → 87 (+12)
8.24% more ownership
Funds ownership: 31.86% → 40.1% (+8.2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Churchill Management
Los Angeles,
California
|
+$69.4M |
| 2 |
Morgan Stanley
New York
|
+$16.4M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$14.4M |
| 4 |
LPL Financial
San Diego,
California
|
+$7.33M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$6.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Argentus Capital Management
Dallas,
Texas
|
-$4.23M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.39M |
| 3 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$843K |
| 4 |
AF
Allworth Financial
Folsom,
California
|
-$820K |
| 5 |
AIG
American International Group
New York
|
-$505K |
FDL Hedge Fund Activity: Q4 2014 in Review
87 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q4 2014, worth a combined $393M — up 56% from $252M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FDL positions and 7 closed out — a net gain of 14 holders — while 36 added to existing stakes and 21 trimmed.
The largest buyer was Churchill Management, opening a new position worth an estimated $69.4M. The largest seller was Argentus Capital Management, exiting entirely with an estimated $4.23M sold.
- 87 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q4 2014, up from 75 in Q3 2014.
- Funds reported $393M of First Trust Morningstar Dividend Leaders Index Fund stock for Q4 2014, up 56% quarter-over-quarter.
- 21 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q4 2014 and 7 closed out, a net change of +14 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q4 2014 was Churchill Management, an estimated $69.4M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q4 2014 was Argentus Capital Management, an estimated $4.23M sold.
Based on aggregated 13F filings for Q4 2014.