First Trust Dow Jones Select MicroCap Index Fund
FDM
23 hedge funds and large institutions have $48.9M invested in First Trust Dow Jones Select MicroCap Index Fund in 2013 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 4 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
8% less funds holding
Funds holding: 25 → 23 (-2)
22.22% less ownership
Funds ownership: 68.41% → 46.19% (-22%)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
56% less capital invested
Capital invested by funds: $112M → $48.9M (-$63.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.18M |
| 2 |
Morgan Stanley
New York
|
+$695K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$420K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$155K |
| 5 |
CP
Camelot Portfolios
Maumee,
Ohio
|
+$103K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$56M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.8M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$1.63M |
| 4 |
PI
Placemark Investments
Chicago,
Illinois
|
-$775K |
| 5 |
Comerica Bank
Dallas,
Texas
|
-$345K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| – | -$29K | -1,000 | Closed |
|
|
HI
27
Hudock Inc
Williamsport,
Pennsylvania
| – | -$3K | -116 | Closed |
|
FDM Hedge Fund Activity: Q4 2013 in Review
23 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q4 2013, worth a combined $48.9M — down 56% from $112M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FDM and 2 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 12 added.
The largest buyer was Susquehanna International Group, adding an estimated $2.18M. The largest seller was RiverFront Investment Group, cutting an estimated $56M.
- 23 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q4 2013, down from 25 in Q3 2013.
- Funds reported $48.9M of First Trust Dow Jones Select MicroCap Index Fund stock for Q4 2013, down 56% quarter-over-quarter.
- 2 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q4 2013 and 4 closed out, a net change of -2 holders.
- The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q4 2013 was Susquehanna International Group, an estimated $2.18M added.
- The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q4 2013 was RiverFront Investment Group, an estimated $56M sold.
Based on aggregated 13F filings for Q4 2013.