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First Trust Morningstar Dividend Leaders Index Fund
FDL

405 hedge funds and large institutions have $2.84B invested in First Trust Morningstar Dividend Leaders Index Fund in 2024 Q4 according to their latest regulatory filings, with 68 funds opening new positions, 162 increasing their positions, 110 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

172% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 25

47% more repeat investments, than reductions

Existing positions increased: 162 | Existing positions reduced: 110

16% more capital invested

Capital invested by funds: $2.46B → $2.84B (+$388M)

9% more funds holding

Funds holding: 371 → 405 (+34)

3.43% less ownership

Funds ownership: 61.2% → 57.77% (-3.4%)

7% less funds holding in top 10

Funds holding in top 10: 15 → 14 (-1)

Holders
405
Holders Change
+34
Holders Change %
+9.16%
% of All Funds
5.33%
Holding in Top 10
14
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.67%
% of All Funds
0.18%
New
68
Increased
162
Reduced
110
Closed
25
Calls
$8K
Puts
–
Net Calls
+$8K
Net Calls Change
+$8K

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$60.3M
2
LPL Financial
LPL Financial
California
+$27.6M
3
Bank of America
Bank of America
North Carolina
+$16M
4
Morgan Stanley
Morgan Stanley
New York
+$14.7M
5
RW
Rockport Wealth
Ohio
+$13.4M

Top Sellers

1
IAIM
International Assets Investment Management
Florida
-$224M
2
Two Sigma Investments
Two Sigma Investments
New York
-$13.9M
3
Osaic Holdings
Osaic Holdings
Arizona
-$5.73M
4
RL
Retireful LLC
Michigan
-$4.87M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$367M +$27.6M +656,768 +8%
Morgan Stanley
2
Morgan Stanley
New York
$281M +$14.7M +350,890 +5%
Koshinski Asset Management
3
Koshinski Asset Management
Illinois
$277M +$8.48K +202 +3%
Raymond James Financial
4
Raymond James Financial
Florida
$127M +$133M +3,162,621 New
Ameriprise
5
Ameriprise
Minnesota
$121M +$60.3M +1,437,428 +92%
Wells Fargo
6
Wells Fargo
California
$110M +$11.4M +272,247 +11%
Bank of America
7
Bank of America
North Carolina
$83.9M +$16M +382,304 +22%
UBS Group
8
UBS Group
Switzerland
$80.6M +$8.22M +195,889 +11%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$79.2M +$12.7M +301,639 +18%
RW
10
Rockport Wealth
Ohio
$78.6M +$13.4M +319,857 +20%
Cetera Investment Advisers
11
Cetera Investment Advisers
Illinois
$72.3M +$651K +15,522 +0.9%
CAG
12
Csenge Advisory Group
Florida
$70.1M +$570K +13,574 +0.8%
Northwestern Mutual Wealth Management
13
Northwestern Mutual Wealth Management
Wisconsin
$62.6M +$2.29M +54,548 +4%
Stifel Financial
14
Stifel Financial
Missouri
$47.8M +$7.24M +172,590 +17%
Osaic Holdings
15
Osaic Holdings
Arizona
$45.3M -$5.73M -136,430 -11%
JP Morgan Chase
16
JP Morgan Chase
New York
$41.7M +$735K +17,508 +2%
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$40.2M -$793K -18,889 -2%
TPWA
18
TRUE Private Wealth Advisors
Oregon
$38.5M -$756K -18,022 -2%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$33.4M +$4.43M +105,472 +15%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$30.4M -$4.1M -97,640 -11%
Janney Montgomery Scott
21
Janney Montgomery Scott
Pennsylvania
$23.4M +$625K +14,894 +3%
Truist Financial
22
Truist Financial
North Carolina
$22.9M -$14K -333 -0.1%
SI
23
Stephens Inc
Arkansas
$22.1M +$2.02M +48,174 +10%
BFG
24
Beacon Financial Group
Texas
$21.5M +$171K +4,083 +0.8%
PAG
25
Private Advisor Group
New Jersey
$20.4M +$1.43M +34,166 +7%
1
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FDL Hedge Fund Activity: Q4 2024 in Review

405 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q4 2024, worth a combined $2.84B — up 16% from $2.46B a quarter earlier.

Buyers outnumbered sellers: 68 funds opened new FDL positions and 25 closed out — a net gain of 43 holders — while 162 added to existing stakes and 110 trimmed.

The largest buyer was Ameriprise, adding an estimated $60.3M. The largest seller was International Assets Investment Management, cutting an estimated $224M.

  • 405 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q4 2024, up from 371 in Q3 2024.
  • Funds reported $2.84B of First Trust Morningstar Dividend Leaders Index Fund stock for Q4 2024, up 16% quarter-over-quarter.
  • 68 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q4 2024 and 25 closed out, a net change of +43 holders.
  • The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q4 2024 was Ameriprise, an estimated $60.3M added.
  • The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q4 2024 was International Assets Investment Management, an estimated $224M sold.

Based on aggregated 13F filings for Q4 2024.