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First Trust Dow Jones Select MicroCap Index Fund
FDM

69 hedge funds and large institutions have $86.9M invested in First Trust Dow Jones Select MicroCap Index Fund in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 31 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

5% more funds holding

Funds holding: 66 → 69 (+3)

1.11% less ownership

Funds ownership: 56.23% → 55.11% (-1.1%)

13% less capital invested

Capital invested by funds: $100M → $86.9M (-$13.1M)

42% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 31

Holders
69
Holders Change
+3
Holders Change %
+4.55%
% of All Funds
0.93%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
18
Reduced
31
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AFG
Arkansas Financial Group
Arkansas
+$871K
2
Jane Street
Jane Street
New York
+$722K
3
AWM
Apollon Wealth Management
South Carolina
+$701K
4
TYCC
Texas Yale Capital Corp
Florida
+$675K
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$642K

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.97M
2
Citadel Advisors
Citadel Advisors
Florida
-$1.8M
3
LPL Financial
LPL Financial
California
-$1.79M
4
VF
Virtu Financial
New York
-$1.54M
5
Stifel Financial
Stifel Financial
Missouri
-$745K
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
26
Jane Street
New York
$664K +$722K +10,685 New
AWM
27
Apollon Wealth Management
South Carolina
$646K +$701K +10,387 New
TYCC
28
Texas Yale Capital Corp
Florida
$622K +$675K +10,000 New
Stifel Financial
29
Stifel Financial
Missouri
$569K -$745K -11,027 -55%
Jones Financial Companies
30
Jones Financial Companies
Missouri
$569K +$175K +2,596 +40%
BCA
31
Bay Colony Advisors
Massachusetts
$550K +$4.86K +72 +0.8%
Mercer Global Advisors
32
Mercer Global Advisors
Colorado
$549K -$17.4K -257 -3%
PSF
33
Pacific Sun Financial
California
$510K – – –
AFP
34
Ausdal Financial Partners
Iowa
$493K -$11.3K -168 -2%
SMC
35
Smith, Moore & Co
Missouri
$470K -$4.19K -62 -0.8%
Osaic Holdings
36
Osaic Holdings
Arizona
$452K +$15.7K +233 +3%
FTS
37
Fifth Third Securities
Ohio
$433K -$2.57K -38 -0.5%
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
$424K -$1.97M -29,126 -81%
WWMSC
39
Wagner Wealth Management (South Carolina)
South Carolina
$392K +$2.9K +43 +0.7%
CAPTRUST Financial Advisors
40
CAPTRUST Financial Advisors
North Carolina
$385K – – –
SFC
41
Strategic Financial Concepts
Texas
$385K +$55.4K +821 +15%
HighTower Advisors
42
HighTower Advisors
Illinois
$370K +$338 +5 +0.1%
IFG
43
Independent Financial Group
California
$362K -$26.5K -393 -6%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$353K -$237K -3,516 -38%
GAM
45
Gemmer Asset Management
California
$292K +$317K +4,692 New
Envestnet Asset Management
46
Envestnet Asset Management
Illinois
$291K -$56.4K -835 -15%
KAS
47
Kestra Advisory Services
Texas
$250K -$6.62K -98 -2%
HAS
48
Horizon Advisory Services
New York
$223K -$36.4K -539 -13%
AIC
49
Allodium Investment Consultants
Minnesota
$212K – – –
AP
50
Aspect Partners
Virginia
$155K – – –
1
2
3

FDM Hedge Fund Activity: Q1 2025 in Review

69 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q1 2025, worth a combined $86.9M — down 13% from $100M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new FDM positions and 2 closed out — a net gain of 4 holders — while 18 added to existing stakes and 31 trimmed.

The largest buyer was Arkansas Financial Group, adding an estimated $871K. The largest seller was Susquehanna International Group, cutting an estimated $1.97M.

  • 69 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q1 2025, up from 66 in Q4 2024.
  • Funds reported $86.9M of First Trust Dow Jones Select MicroCap Index Fund stock for Q1 2025, down 13% quarter-over-quarter.
  • 6 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q1 2025 and 2 closed out, a net change of +4 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q1 2025 was Arkansas Financial Group, an estimated $871K added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q1 2025 was Susquehanna International Group, an estimated $1.97M sold.

Based on aggregated 13F filings for Q1 2025.