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First Trust Dow Jones Select MicroCap Index Fund
FDM

61 hedge funds and large institutions have $88.5M invested in First Trust Dow Jones Select MicroCap Index Fund in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

25% more capital invested

Capital invested by funds: $70.8M → $88.5M (+$17.7M)

5% more funds holding

Funds holding: 58 → 61 (+3)

4.2% more ownership

Funds ownership: 47.13% → 51.33% (+4.2%)

27% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 22

Holders
61
Holders Change
+3
Holders Change %
+5.17%
% of All Funds
0.89%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
16
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$4.91M
2
AFG
Arkansas Financial Group
Arkansas
+$2.2M
3
KCM
Kendall Capital Management
Maryland
+$888K
4
HWM
HB Wealth Management
Georgia
+$558K
5
CPIG
Chicago Partners Investment Group
Illinois
+$534K

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$785K
2
Citadel Advisors
Citadel Advisors
Florida
-$590K
3
Charles Schwab
Charles Schwab
California
-$426K
4
APWA
Atlas Private Wealth Advisors
New Jersey
-$369K
5
Osaic Holdings
Osaic Holdings
Arizona
-$297K
Name Holding Trade Value Shares
Change 		Change in
Stake
IGWM
51
ICA Group Wealth Management
Colorado
$24.7K +$22.4K +402 New
HGERS
52
Householder Group Estate & Retirement Specialist
Arizona
$16K – – –
SPIA
53
Steward Partners Investment Advisory
New York
$15.9K – – –
GRP
54
Global Retirement Partners
California
$13K – – –
GWM
55
Geneos Wealth Management
Colorado
$12.3K – – –
NA
56
NewEdge Advisors
Louisiana
$11.8K -$15.6K -280 -59%
Fidelity Investments
57
Fidelity Investments
Massachusetts
$8.79K +$56 +1 +0.7%
AA
58
Ancora Advisors
Ohio
$6.63K – – –
KFI
59
Key Financial Inc
Pennsylvania
$3.86K – – –
JP Morgan Chase
60
JP Morgan Chase
New York
$1.47K – – –
GI
61
Gradient Investments
Minnesota
$188 – – –
Charles Schwab
62
Charles Schwab
California
– -$426K -7,778 Closed
APWA
63
Atlas Private Wealth Advisors
New Jersey
– -$369K -6,730 Closed
SFC
64
Strategic Financial Concepts
Texas
– -$263K -4,799 Closed
Truist Financial
65
Truist Financial
North Carolina
– -$221K -4,028 Closed
WCFA
66
Walkner Condon Financial Advisors
Wisconsin
– -$207K -3,775 Closed
Carson Wealth (CWM LLC)
67
Carson Wealth (CWM LLC)
Nebraska
– -$14K -263 Closed
Citigroup
68
Citigroup
New York
– -$110 -2 Closed
1 2
3

FDM Hedge Fund Activity: Q4 2023 in Review

61 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q4 2023, worth a combined $88.5M — up 25% from $70.8M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FDM positions and 7 closed out — a net gain of 3 holders — while 16 added to existing stakes and 22 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $4.91M. The largest seller was Susquehanna International Group, cutting an estimated $785K.

  • 61 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q4 2023, up from 58 in Q3 2023.
  • Funds reported $88.5M of First Trust Dow Jones Select MicroCap Index Fund stock for Q4 2023, up 25% quarter-over-quarter.
  • 10 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q4 2023 and 7 closed out, a net change of +3 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q4 2023 was Morgan Stanley, an estimated $4.91M added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q4 2023 was Susquehanna International Group, an estimated $785K sold.

Based on aggregated 13F filings for Q4 2023.