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First Trust Dow Jones Select MicroCap Index Fund
FDM

66 hedge funds and large institutions have $100M invested in First Trust Dow Jones Select MicroCap Index Fund in 2024 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 24 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 4

3% more funds holding

Funds holding: 64 → 66 (+2)

7.71% less ownership

Funds ownership: 63.93% → 56.23% (-7.7%)

12% less capital invested

Capital invested by funds: $113M → $100M (-$13.3M)

13% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 24

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
66
Holders Change
+2
Holders Change %
+3.13%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
21
Reduced
24
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$2.97M
2
Citadel Advisors
Citadel Advisors
Florida
+$2.79M
3
P
&Partners
Tennessee
+$2.6M
4
VF
Virtu Financial
New York
+$2.54M
5
Two Sigma Investments
Two Sigma Investments
New York
+$748K

Top Sellers

Rank Fund Capital Flow
1
HAS
Horizon Advisory Services
New York
-$21.2M
2
MAM
Marquette Asset Management
Minnesota
-$7.36M
3
Wells Fargo
Wells Fargo
California
-$2.84M
4
Baird Financial Group
Baird Financial Group
Wisconsin
-$2.66M
5
GAM
Gemmer Asset Management
California
-$301K
Name Holding Trade Value Shares
Change 		Change in
Stake
Mariner
26
Mariner
Kansas
$776K +$1.02K +15 +0.1%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$627K +$310K +4,552 +98%
Mercer Global Advisors
28
Mercer Global Advisors
Colorado
$619K -$3.13K -46 -0.5%
BCA
29
Bay Colony Advisors
Massachusetts
$596K -$88.4K -1,299 -13%
PSF
30
Pacific Sun Financial
California
$559K – – –
AFP
31
Ausdal Financial Partners
Iowa
$551K -$90.8K -1,335 -14%
SMC
32
Smith, Moore & Co
Missouri
$520K -$7.62K -112 -1%
Osaic Holdings
33
Osaic Holdings
Arizona
$479K +$21.2K +312 +5%
FTS
34
Fifth Third Securities
Ohio
$478K +$97.9K +1,439 +26%
Jones Financial Companies
35
Jones Financial Companies
Missouri
$444K +$79.6K +1,170 +22%
WWMSC
36
Wagner Wealth Management (South Carolina)
South Carolina
$427K +$5.17K +76 +1%
IFG
37
Independent Financial Group
California
$423K +$37.6K +552 +10%
CAPTRUST Financial Advisors
38
CAPTRUST Financial Advisors
North Carolina
$422K – – –
HighTower Advisors
39
HighTower Advisors
Illinois
$405K -$21K -308 -5%
Envestnet Asset Management
40
Envestnet Asset Management
Illinois
$376K +$21.7K +319 +6%
SFC
41
Strategic Financial Concepts
Texas
$366K -$28K -412 -7%
BBHC
42
Brown Brothers Harriman & Co
New York
$320K – – –
HAS
43
Horizon Advisory Services
New York
$281K -$21.2M -311,273 -99%
KAS
44
Kestra Advisory Services
Texas
$281K +$41K +602 +17%
AIC
45
Allodium Investment Consultants
Minnesota
$232K +$232K +3,403 New
JIC
46
Johnson Investment Counsel
Ohio
$207K +$57.9K +851 New
AP
47
Aspect Partners
Virginia
$170K – – –
CA
48
CoreCap Advisors
Michigan
$136K +$8.98K +132 +7%
SL
49
Salomon & Ludwin
Virginia
$88.4K -$408 -6 -0.5%
HI
50
Harbour Investments
Wisconsin
$64.5K – – –
1
2
3

FDM Hedge Fund Activity: Q4 2024 in Review

66 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q4 2024, worth a combined $100M — down 12% from $113M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FDM positions and 4 closed out — a net gain of 6 holders — while 21 added to existing stakes and 24 trimmed.

The largest buyer was LPL Financial, adding an estimated $2.97M. The largest seller was Horizon Advisory Services, cutting an estimated $21.2M.

  • 66 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q4 2024, up from 64 in Q3 2024.
  • Funds reported $100M of First Trust Dow Jones Select MicroCap Index Fund stock for Q4 2024, down 12% quarter-over-quarter.
  • 10 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q4 2024 and 4 closed out, a net change of +6 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q4 2024 was LPL Financial, an estimated $2.97M added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q4 2024 was Horizon Advisory Services, an estimated $21.2M sold.

Based on aggregated 13F filings for Q4 2024.