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First Trust Dow Jones Select MicroCap Index Fund
FDM

75 hedge funds and large institutions have $120M invested in First Trust Dow Jones Select MicroCap Index Fund in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

10% more capital invested

Capital invested by funds: $109M → $120M (+$10.6M)

4% more funds holding

Funds holding: 72 → 75 (+3)

2.36% more ownership

Funds ownership: 57.12% → 59.48% (+2.4%)

17% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 23

Holders
75
Holders Change
+3
Holders Change %
+4.17%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
19
Reduced
23
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWM
HB Wealth Management
Georgia
+$3.32M
2
LPL Financial
LPL Financial
California
+$1.37M
3
HF
HRT Financial
New York
+$1.04M
4
UFAC
Urban Financial Advisory Corp
Illinois
+$860K
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$858K

Top Sellers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$1.16M
2
Morgan Stanley
Morgan Stanley
New York
-$731K
3
SFC
Strategic Financial Concepts
Texas
-$455K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$321K
5
VF
Virtu Financial
New York
-$319K
Name Holding Trade Value Shares
Change 		Change in
Stake
Mariner
26
Mariner
Kansas
$825K – – –
TYCC
27
Texas Yale Capital Corp
Florida
$814K +$54.6K +740 +7%
Stifel Financial
28
Stifel Financial
Missouri
$752K -$88.3K -1,197 -11%
Osaic Holdings
29
Osaic Holdings
Arizona
$729K -$246K -3,334 -26%
AWM
30
Apollon Wealth Management
South Carolina
$724K -$10.5K -142 -1%
FTS
31
Fifth Third Securities
Ohio
$678K +$19.8K +269 +3%
SMC
32
Smith, Moore & Co
Missouri
$627K +$20.4K +277 +3%
PSF
33
Pacific Sun Financial
California
$622K – – –
Mercer Global Advisors
34
Mercer Global Advisors
Colorado
$589K -$21.7K -294 -4%
AFP
35
Ausdal Financial Partners
Iowa
$583K -$5.02K -68 -0.9%
BCA
36
Bay Colony Advisors
Massachusetts
$481K -$163K -2,205 -26%
CAPTRUST Financial Advisors
37
CAPTRUST Financial Advisors
North Carolina
$469K – – –
WWMSC
38
Wagner Wealth Management (South Carolina)
South Carolina
$436K +$1.7K +23 +0.4%
IFG
39
Independent Financial Group
California
$423K -$1.99K -27 -0.5%
GAM
40
Gemmer Asset Management
California
$337K -$4.13K -56 -1%
KAS
41
Kestra Advisory Services
Texas
$335K +$29.5K +400 +10%
HighTower Advisors
42
HighTower Advisors
Illinois
$332K -$39K -528 -11%
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$292K -$1.16M -15,760 -80%
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$281K -$98.2K -1,331 -26%
AIC
45
Allodium Investment Consultants
Minnesota
$258K – – –
SA
46
Sanctuary Advisors
Indiana
$249K +$243K +3,287 New
SAM
47
Smithbridge Asset Management
Pennsylvania
$214K -$2.66K -36 -1%
WMWM
48
Whitaker-Myers Wealth Managers
Ohio
$210K +$204K +2,768 New
AP
49
Aspect Partners
Virginia
$189K – – –
BBHC
50
Brown Brothers Harriman & Co
New York
$178K – – –
1
2
3 4

FDM Hedge Fund Activity: Q3 2025 in Review

75 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q3 2025, worth a combined $120M — up 9.7% from $109M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FDM positions and 6 closed out — a net gain of 4 holders — while 19 added to existing stakes and 23 trimmed.

The largest buyer was HB Wealth Management, opening a new position worth an estimated $3.32M. The largest seller was Commonwealth Equity Services, cutting an estimated $1.16M.

  • 75 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q3 2025, up from 72 in Q2 2025.
  • Funds reported $120M of First Trust Dow Jones Select MicroCap Index Fund stock for Q3 2025, up 9.7% quarter-over-quarter.
  • 10 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q3 2025 and 6 closed out, a net change of +4 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q3 2025 was HB Wealth Management, an estimated $3.32M added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q3 2025 was Commonwealth Equity Services, an estimated $1.16M sold.

Based on aggregated 13F filings for Q3 2025.