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First Trust Dow Jones Select MicroCap Index Fund
FDM

41 hedge funds and large institutions have $29.5M invested in First Trust Dow Jones Select MicroCap Index Fund in 2020 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 11

9.29% less ownership

Funds ownership: 45.91% → 36.62% (-9.3%)

15% less funds holding

Funds holding: 48 → 41 (-7)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

59% less capital invested

Capital invested by funds: $71.5M → $29.5M (-$42M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
41
Holders Change
-7
Holders Change %
-14.58%
% of All Funds
0.9%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
4
Increased
20
Reduced
11
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RJA
Raymond James & Associates
Florida
+$2.11M
2
EWM
Empirical Wealth Management
Washington
+$2.08M
3
Wells Fargo
Wells Fargo
California
+$1.65M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.02M
5
LFG
Larson Financial Group
Missouri
+$834K

Top Sellers

1
CCP
Cardan Capital Partners
Colorado
-$18M
2
Morgan Stanley
Morgan Stanley
New York
-$8.65M
3
LPL Financial
LPL Financial
California
-$1.22M
4
UBS Group
UBS Group
Switzerland
-$1.02M
5
Citadel Advisors
Citadel Advisors
Florida
-$764K
Name Holding Trade Value Shares
Change 		Change in
Stake
AW
26
ACG Wealth
Georgia
$263K +$10K +230 +3%
BCA
27
Bay Colony Advisors
Massachusetts
$260K +$19.2K +440 +6%
PSF
28
Pacific Sun Financial
California
$222K +$53.1K +1,220 +21%
Citigroup
29
Citigroup
New York
$82K +$114K +2,612 New
NFG
30
Next Financial Group
Texas
$68K -$73.8K -1,693 -44%
Bessemer Group
31
Bessemer Group
New Jersey
$30K – – –
PNC Financial Services Group
32
PNC Financial Services Group
Pennsylvania
$27K – – –
Carson Wealth (CWM LLC)
33
Carson Wealth (CWM LLC)
Nebraska
$19K – – –
DAM
34
Delta Asset Management
Tennessee
$16K – – –
GSWM
35
Golden State Wealth Management
California
$13K +$17.6K +405 New
EIP
36
Ellis Investment Partners
Pennsylvania
$11K -$5.53K -127 -25%
CFGS
37
Concourse Financial Group Securities
Alabama
$9K +$8.58K +197 +216%
ASN
38
Advisory Services Network
Georgia
$8K -$71.9K -1,650 -86%
MWM
39
MBE Wealth Management
Wisconsin
$7K +$11K +253 New
AA
40
Advisory Alpha
Michigan
$3.71K – – –
Citadel Advisors
41
Citadel Advisors
Florida
– -$764K -14,999 Closed
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
– -$406K -7,977 Closed
NGA
43
Naples Global Advisors
Florida
– -$295K -5,785 Closed
OCM
44
One Capital Management
California
– -$235K -4,608 Closed
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
– -$225K -4,427 Closed
SFS
46
Sowell Financial Services
Arkansas
– -$102K -2,000 Closed
FFW
47
Fusion Family Wealth
New York
– -$93K -1,831 Closed
US Bancorp
48
US Bancorp
Minnesota
– -$3K -56 Closed
1
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FDM Hedge Fund Activity: Q1 2020 in Review

41 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q1 2020, worth a combined $29.5M — down 59% from $71.5M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of FDM and 4 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 20 added.

The largest buyer was Raymond James & Associates, adding an estimated $2.11M. The largest seller was Cardan Capital Partners, cutting an estimated $18M.

  • 41 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q1 2020, down from 48 in Q4 2019.
  • Funds reported $29.5M of First Trust Dow Jones Select MicroCap Index Fund stock for Q1 2020, down 59% quarter-over-quarter.
  • 4 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q1 2020 and 9 closed out, a net change of -5 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q1 2020 was Raymond James & Associates, an estimated $2.11M added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q1 2020 was Cardan Capital Partners, an estimated $18M sold.

Based on aggregated 13F filings for Q1 2020.