First Trust Dow Jones Select MicroCap Index Fund
FDM
57 hedge funds and large institutions have $70.4M invested in First Trust Dow Jones Select MicroCap Index Fund in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 27 reducing their positions, and 4 closing their positions.
8% more capital invested
Capital invested by funds: $65M → $70.4M (+$5.4M)
1.12% more ownership
Funds ownership: 43.9% → 45.02% (+1.1%)
5% less funds holding
Funds holding: 60 → 57 (-3)
37% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 27
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$999K |
| 2 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$532K |
| 3 |
AFG
Arkansas Financial Group
Little Rock,
Arkansas
|
+$414K |
| 4 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$399K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$298K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WMG
WESCAP Management Group
Glendale,
California
|
-$664K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$584K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$547K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
-$524K |
| 5 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$257K |
FDM Hedge Fund Activity: Q2 2023 in Review
57 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q2 2023, worth a combined $70.4M — up 8.3% from $65M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FDM and 2 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 17 added.
The largest buyer was LPL Financial, adding an estimated $999K. The largest seller was WESCAP Management Group, cutting an estimated $664K.
- 57 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q2 2023, down from 60 in Q1 2023.
- Funds reported $70.4M of First Trust Dow Jones Select MicroCap Index Fund stock for Q2 2023, up 8.3% quarter-over-quarter.
- 2 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q2 2023 and 4 closed out, a net change of -2 holders.
- The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q2 2023 was LPL Financial, an estimated $999K added.
- The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q2 2023 was WESCAP Management Group, an estimated $664K sold.
Based on aggregated 13F filings for Q2 2023.