First Trust Morningstar Dividend Leaders Index Fund
444 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 48 funds opening new positions, 200 increasing their positions, 123 reducing their positions, and 37 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 200 | Existing positions reduced: 123
58% more capital inflows, than outflows
Capital inflows: $362M | Capital outflows: $229M
30% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 37
2% more funds holding
Funds holding: 435 → 444 (+9)
0.14% less ownership
Funds ownership: 60.15% → 60.01% (-0.14%)
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 |
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 |
One Capital Management
Westlake Village,
California
|
-$27.9M |
| 4 |
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$18.5M |
| 5 |
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$10.7M |
FDL Hedge Fund Activity: Q2 2025 in Review
444 of the 7,621 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 0.93% from $3.22B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new FDL positions and 37 closed out — a net gain of 11 holders — while 200 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.
- 444 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q2 2025, up from 435 in Q1 2025.
- Funds reported $3.25B of First Trust Morningstar Dividend Leaders Index Fund stock for Q2 2025, up 0.93% quarter-over-quarter.
- 48 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q2 2025 and 37 closed out, a net change of +11 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.