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
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GRP
51
Global Retirement Partners
San Rafael,
California
| $12.7K | – | – | – |
|
|
GWM
52
Geneos Wealth Management
Englewood,
Colorado
| $11.2K | – | – | – |
|
|
AA
53
Ancora Advisors
Cleveland,
Ohio
| $6.07K | – | – | – |
|
|
KFI
54
Key Financial Inc
West Chester,
Pennsylvania
| $3.54K | – | – | – |
|
55
Fidelity Investments
Boston,
Massachusetts
| $2.38K | – | – | – |
|
56
JP Morgan Chase
New York
| $1.35K | – | – | – |
|
|
GI
57
Gradient Investments
Arden Hills,
Minnesota
| $172 | – | – | – |
|
|
CA
58
Cetera Advisors
Denver,
Colorado
| – | -$524K | -9,760 | Closed |
|
|
FAIM
59
Financial Advocates Investment Management
Olympia,
Washington
| – | -$257K | -4,788 | Closed |
|
|
BAM
60
Belpointe Asset Management
Reno,
Nevada
| – | -$12.1K | -225 | Closed |
|
|
AAS
61
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$268 | -5 | Closed |
|
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.