First Trust Dow Jones Select MicroCap Index Fund
FDM
35 hedge funds and large institutions have $76.4M invested in First Trust Dow Jones Select MicroCap Index Fund in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 6 closing their positions.
407% more capital invested
Capital invested by funds: $15.1M → $76.4M (+$61.3M)
140% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 5
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
34.64% more ownership
Funds ownership: 30.65% → 65.29% (+35%)
9% more funds holding
Funds holding: 32 → 35 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Niemann Capital Management
Stateline,
Nevada
|
+$21.6M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$14.2M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$11.9M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.15M |
| 5 |
Morgan Stanley
New York
|
+$1.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.11M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$669K |
| 3 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$414K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$277K |
| 5 |
FWM
Frontier Wealth Management
Kansas City,
Missouri
|
-$272K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AG
26
Advisor Group
Phoenix,
Arizona
| $37K | +$9.47K | +240 | +40% |
|
|
WA
27
WFG Advisors
Dallas,
Texas
| $34K | – | – | – |
|
|
MFS
28
MSI Financial Services
Springfield,
Massachusetts
| $18K | – | – | – |
|
|
DADC
29
D.A. Davidson & Co
Great Falls,
Montana
| $17K | – | – | – |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $8K | +$6.99K | +177 | New |
|
31
Creative Planning
Overland Park,
Kansas
| $7K | – | – | – |
|
|
DBT
32
Dubuque Bank & Trust
Dubuque,
Iowa
| $4K | – | – | – |
|
|
IFA
33
Interactive Financial Advisors
New Lenox,
Illinois
| $4K | +$3.95K | +100 | New |
|
|
TH
34
Timber Hill
Greenwich,
Connecticut
| – | -$414K | -11,429 | Closed |
|
|
VKH
35
Virtu KCG Holdings
New York
| – | -$277K | -7,630 | Closed |
|
36
Citadel Advisors
Miami,
Florida
| – | -$224K | -6,175 | Closed |
|
|
MWP
37
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| – | -$51K | -1,411 | Closed |
|
|
IWMPD
38
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$40K | -1,100 | Closed |
|
|
PA
39
Parallel Advisors
San Francisco,
California
| – | +$39 | +1 | New |
|
FDM Hedge Fund Activity: Q4 2016 in Review
35 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q4 2016, worth a combined $76.4M — up 407% from $15.1M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FDM positions and 6 closed out — a net gain of 3 holders — while 12 added to existing stakes and 5 trimmed.
The largest buyer was Niemann Capital Management, opening a new position worth an estimated $21.6M. The largest seller was Susquehanna International Group, cutting an estimated $1.11M.
- 35 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q4 2016, up from 32 in Q3 2016.
- Funds reported $76.4M of First Trust Dow Jones Select MicroCap Index Fund stock for Q4 2016, up 407% quarter-over-quarter.
- 9 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q4 2016 and 6 closed out, a net change of +3 holders.
- The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q4 2016 was Niemann Capital Management, an estimated $21.6M added.
- The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q4 2016 was Susquehanna International Group, an estimated $1.11M sold.
Based on aggregated 13F filings for Q4 2016.