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First Trust Dow Jones Select MicroCap Index Fund
FDM

84 hedge funds and large institutions have $132M invested in First Trust Dow Jones Select MicroCap Index Fund in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 3

17% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 23

12% more funds holding

Funds holding: 75 → 84 (+9)

10% more capital invested

Capital invested by funds: $120M → $132M (+$12.3M)

1.42% more ownership

Funds ownership: 59.48% → 60.9% (+1.4%)

Holders
84
Holders Change
+9
Holders Change %
+12%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
27
Reduced
23
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Raymond James Financial
Raymond James Financial
Florida
+$1.4M
2
Citadel Advisors
Citadel Advisors
Florida
+$711K
3
LPL Financial
LPL Financial
California
+$661K
4
PAG
Private Advisory Group
Washington
+$650K
5
SA
Sanctuary Advisors
Indiana
+$413K

Top Sellers

1
HF
HRT Financial
New York
-$1.06M
2
Bank of America
Bank of America
North Carolina
-$662K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$615K
4
Two Sigma Investments
Two Sigma Investments
New York
-$569K
5
CP
Camelot Portfolios
Ohio
-$274K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
51
Commonwealth Equity Services
Massachusetts
$261K -$44.9K -585 -15%
IFG
52
Independent Financial Group
California
$255K -$184K -2,392 -43%
QCM
53
Quantinno Capital Management
New York
$234K +$225K +2,933 New
WMWM
54
Whitaker-Myers Wealth Managers
Ohio
$224K +$3.3K +43 +2%
Cambridge Investment Research Advisors
55
Cambridge Investment Research Advisors
Iowa
$203K +$196K +2,546 New
CA
56
CoreCap Advisors
Michigan
$200K +$35.4K +461 +22%
AP
57
Aspect Partners
Virginia
$198K – – –
BBHC
58
Brown Brothers Harriman & Co
New York
$187K – – –
NA
59
NewEdge Advisors
Louisiana
$121K +$5.22K +68 +5%
IAIM
60
International Assets Investment Management
Florida
$114K +$110K +1,427 New
SL
61
Salomon & Ludwin
Virginia
$103K -$461 -6 -0.5%
GRP
62
Global Retirement Partners
California
$80.9K – – –
HI
63
Harbour Investments
Wisconsin
$61.2K – – –
CFD
64
Creative Financial Designs
Indiana
$50.2K +$48.4K +630 New
Fidelity Investments
65
Fidelity Investments
Massachusetts
$45.1K +$14.6K +190 +50%
RIL
66
Rothschild Investment LLC
Illinois
$43.8K – – –
MNA
67
Manning & Napier Advisors
New York
$39.8K – – –
GWM
68
Geneos Wealth Management
Colorado
$31.8K – – –
Comerica Bank
69
Comerica Bank
Texas
$31.4K – – –
SPIA
70
Steward Partners Investment Advisory
New York
$20.8K – – –
GSWM
71
Golden State Wealth Management
California
$20.3K – – –
AF
72
Advisornet Financial
Minnesota
$13.9K +$13.4K +174 New
LFG
73
Larson Financial Group
Missouri
$12.9K -$12.4K -161 -50%
SIS
74
Sound Income Strategies
Florida
$12.1K +$11.1K +145 New
Bank of Montreal
75
Bank of Montreal
Ontario, Canada
$11.9K – – –
1 2
3
4

FDM Hedge Fund Activity: Q4 2025 in Review

84 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q4 2025, worth a combined $132M — up 10% from $120M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new FDM positions and 3 closed out — a net gain of 9 holders — while 27 added to existing stakes and 23 trimmed.

The largest buyer was Raymond James Financial, adding an estimated $1.4M. The largest seller was HRT Financial, exiting entirely with an estimated $1.06M sold.

  • 84 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q4 2025, up from 75 in Q3 2025.
  • Funds reported $132M of First Trust Dow Jones Select MicroCap Index Fund stock for Q4 2025, up 10% quarter-over-quarter.
  • 12 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q4 2025 and 3 closed out, a net change of +9 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q4 2025 was Raymond James Financial, an estimated $1.4M added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q4 2025 was HRT Financial, an estimated $1.06M sold.

Based on aggregated 13F filings for Q4 2025.