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First Trust Dow Jones Select MicroCap Index Fund
FDM

60 hedge funds and large institutions have $69.5M invested in First Trust Dow Jones Select MicroCap Index Fund in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 25 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

9% more capital invested

Capital invested by funds: $63.5M → $69.5M (+$5.96M)

4.6% more ownership

Funds ownership: 45.09% → 49.68% (+4.6%)

3% more funds holding

Funds holding: 58 → 60 (+2)

28% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 25

Holders
60
Holders Change
+2
Holders Change %
+3.45%
% of All Funds
1.03%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
18
Reduced
25
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AWM
AE Wealth Management
Kansas
+$10.1M
2
HWM
HB Wealth Management
Georgia
+$1.39M
3
Citadel Advisors
Citadel Advisors
Florida
+$892K
4
FAIM
Financial Advocates Investment Management
Washington
+$608K
5
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$373K

Top Sellers

1
TRCT
Tower Research Capital (TRC)
New York
-$1.2M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$865K
3
Wells Fargo
Wells Fargo
California
-$716K
4
LPL Financial
LPL Financial
California
-$676K
5
Morgan Stanley
Morgan Stanley
New York
-$383K
Name Holding Trade Value Shares
Change 		Change in
Stake
PSF
26
Pacific Sun Financial
California
$430K +$1.11K +20 +0.2%
WWMSC
27
Wagner Wealth Management (South Carolina)
South Carolina
$424K -$10.4K -186 -2%
CA
28
Cetera Advisors
Colorado
$417K -$1.95K -35 -0.4%
SMC
29
Smith, Moore & Co
Missouri
$399K +$82.4K +1,481 +23%
HighTower Advisors
30
HighTower Advisors
Illinois
$378K -$7.85K -141 -2%
APWA
31
Atlas Private Wealth Advisors
New Jersey
$372K +$22.8K +410 +6%
IFG
32
Independent Financial Group
California
$353K -$2.45K -44 -0.6%
CAPTRUST Financial Advisors
33
CAPTRUST Financial Advisors
North Carolina
$335K +$373K +6,700 New
Mercer Global Advisors
34
Mercer Global Advisors
Colorado
$327K -$11K -197 -3%
Mariner
35
Mariner
Kansas
$298K +$331K +5,955 New
MAM
36
Marquette Asset Management
Minnesota
$276K +$288K +5,175 +1,479%
SAM
37
Smithbridge Asset Management
Pennsylvania
$268K +$299K +5,363 New
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$262K -$865K -15,547 -75%
AA
39
Aire Advisors
California
$251K -$23.9K -430 -8%
KAS
40
Kestra Advisory Services
Texas
$233K +$259K +4,658 New
RJA
41
Raymond James & Associates
Florida
$226K +$15.6K +281 +7%
Cambridge Investment Research Advisors
42
Cambridge Investment Research Advisors
Iowa
$223K +$3.4K +61 +1%
WCFA
43
Walkner Condon Financial Advisors
Wisconsin
$222K +$19.5K +350 +9%
NGA
44
Naples Global Advisors
Florida
$208K – – –
Kayne Anderson Rudnick Investment Management
45
Kayne Anderson Rudnick Investment Management
California
$206K +$103K +1,853 +82%
HI
46
Harbour Investments
Wisconsin
$167K – – –
AIP
47
Almanack Investment Partners
Pennsylvania
$124K +$139K +2,489 New
IA
48
IFP Advisors
Florida
$120K -$15.3K -274 -10%
LFG
49
Larson Financial Group
Missouri
$90K -$4.95K -89 -5%
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$33K – – –
1
2
3

FDM Hedge Fund Activity: Q3 2022 in Review

60 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q3 2022, worth a combined $69.5M — up 9.4% from $63.5M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FDM positions and 7 closed out — a net gain of 3 holders — while 18 added to existing stakes and 25 trimmed.

The largest buyer was AE Wealth Management, opening a new position worth an estimated $10.1M. The largest seller was Tower Research Capital (TRC), exiting entirely with an estimated $1.2M sold.

  • 60 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q3 2022, up from 58 in Q2 2022.
  • Funds reported $69.5M of First Trust Dow Jones Select MicroCap Index Fund stock for Q3 2022, up 9.4% quarter-over-quarter.
  • 10 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q3 2022 and 7 closed out, a net change of +3 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q3 2022 was AE Wealth Management, an estimated $10.1M added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q3 2022 was Tower Research Capital (TRC), an estimated $1.2M sold.

Based on aggregated 13F filings for Q3 2022.