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First Trust Dow Jones Select MicroCap Index Fund
FDM

62 hedge funds and large institutions have $104M invested in First Trust Dow Jones Select MicroCap Index Fund in 2024 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 21

13.4% more ownership

Funds ownership: 60.32% → 73.72% (+13%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less capital invested

Capital invested by funds: $108M → $104M (-$3.95M)

2% less funds holding

Funds holding: 63 → 62 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
62
Holders Change
-1
Holders Change %
-1.59%
% of All Funds
0.9%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
6
Increased
24
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SFC
Strategic Financial Concepts
Texas
+$23.3M
2
AFG
Arkansas Financial Group
Arkansas
+$1.93M
3
AF
Allworth Financial
California
+$1.02M
4
HWM
HB Wealth Management
Georgia
+$609K
5
LPL Financial
LPL Financial
California
+$526K

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.12M
2
Citadel Advisors
Citadel Advisors
Florida
-$1.36M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$850K
4
WDC
Woodward Diversified Capital
California
-$670K
5
HIC
Hartline Investment Corp
Illinois
-$631K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$519K -$33.8K -555 -6%
PSF
27
Pacific Sun Financial
California
$513K – – –
SMC
28
Smith, Moore & Co
Missouri
$459K -$1.83K -30 -0.4%
Envestnet Asset Management
29
Envestnet Asset Management
Illinois
$429K -$83.2K -1,365 -16%
Osaic Holdings
30
Osaic Holdings
Arizona
$401K -$258K -4,231 -39%
CAPTRUST Financial Advisors
31
CAPTRUST Financial Advisors
North Carolina
$375K -$4.45K -73 -1%
HighTower Advisors
32
HighTower Advisors
Illinois
$373K -$7.92K -130 -2%
WWMSC
33
Wagner Wealth Management (South Carolina)
South Carolina
$368K -$9.57K -157 -2%
GLLW
34
Graves Light Lenhart Wealth
Virginia
$360K +$427 +7 +0.1%
IFG
35
Independent Financial Group
California
$357K -$18.7K -307 -5%
Cetera Investment Advisers
36
Cetera Investment Advisers
Illinois
$356K +$128K +2,094 +55%
FTS
37
Fifth Third Securities
Ohio
$334K +$339K +5,570 New
GAM
38
Gemmer Asset Management
California
$314K +$319K +5,242 New
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$296K -$850K -13,945 -74%
RJA
40
Raymond James & Associates
Florida
$288K +$36.7K +602 +14%
KAS
41
Kestra Advisory Services
Texas
$220K +$25.5K +419 +13%
AP
42
Aspect Partners
Virginia
$149K – – –
CA
43
CoreCap Advisors
Michigan
$111K +$3.17K +52 +3%
IAIM
44
International Assets Investment Management
Florida
$86.4K +$87.8K +1,441 New
LFG
45
Larson Financial Group
Missouri
$82.6K +$670 +11 +0.8%
SL
46
Salomon & Ludwin
Virginia
$78.1K – – –
HI
47
Harbour Investments
Wisconsin
$68.6K -$2.74K -45 -4%
Jones Financial Companies
48
Jones Financial Companies
Missouri
$64.9K +$66K +1,083 New
FFA
49
Farther Finance Advisors
California
$59.4K +$61.2K +1,004 New
Comerica Bank
50
Comerica Bank
Texas
$35.2K +$548 +9 +2%
1
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FDM Hedge Fund Activity: Q2 2024 in Review

62 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q2 2024, worth a combined $104M — down 3.7% from $108M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of FDM and 6 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 24 added.

The largest buyer was Strategic Financial Concepts, adding an estimated $23.3M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $2.12M sold.

  • 62 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q2 2024, down from 63 in Q1 2024.
  • Funds reported $104M of First Trust Dow Jones Select MicroCap Index Fund stock for Q2 2024, down 3.7% quarter-over-quarter.
  • 6 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q2 2024 and 7 closed out, a net change of -1 holder.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q2 2024 was Strategic Financial Concepts, an estimated $23.3M added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q2 2024 was Susquehanna International Group, an estimated $2.12M sold.

Based on aggregated 13F filings for Q2 2024.