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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWM
HB Wealth Management
Atlanta,
Georgia
|
+$3.32M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.37M |
| 3 |
HF
HRT Financial
New York
|
+$1.04M |
| 4 |
UFAC
Urban Financial Advisory Corp
Chicago,
Illinois
|
+$860K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$858K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.16M |
| 2 |
Morgan Stanley
New York
|
-$731K |
| 3 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
-$455K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$321K |
| 5 |
VF
Virtu Financial
New York
|
-$319K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFC
76
Strategic Financial Concepts
San Antonio,
Texas
| – | -$455K | -6,348 | Closed |
|
|
77
Envestnet Asset Management
Chicago,
Illinois
| – | -$321K | -4,477 | Closed |
|
|
VF
78
Virtu Financial
New York
| – | -$319K | -4,458 | Closed |
|
|
AIP
79
Almanack Investment Partners
Wayne,
Pennsylvania
| – | -$294K | -4,110 | Closed |
|
80
Jane Street
New York
| – | -$234K | -3,265 | Closed |
|
|
PSFG
81
Park Square Financial Group
Roswell,
Georgia
| – | -$40.3K | -562 | Closed |
|
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.