First Trust Dow Jones Select MicroCap Index Fund
FDM
35 hedge funds and large institutions have $26.6M invested in First Trust Dow Jones Select MicroCap Index Fund in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 6 closing their positions.
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
3% less funds holding
Funds holding: 36 → 35 (-1)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
33.84% less ownership
Funds ownership: 65.77% → 31.93% (-34%)
65% less capital invested
Capital invested by funds: $76.8M → $26.6M (-$50.2M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.9M |
| 2 |
Morgan Stanley
New York
|
+$1.8M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.08M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$883K |
| 5 |
SG Americas Securities
New York
|
+$729K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Niemann Capital Management
Stateline,
Nevada
|
-$24.1M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$15.5M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$13.3M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.21M |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$1.16M |
FDM Hedge Fund Activity: Q1 2017 in Review
35 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q1 2017, worth a combined $26.6M — down 65% from $76.8M a quarter earlier.
Fund positioning in FDM was balanced in Q1 2017: 6 funds opened new positions, 6 closed out, 9 added to existing stakes and 13 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $1.9M. The largest seller was Niemann Capital Management, exiting entirely with an estimated $24.1M sold.
- 35 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q1 2017, down from 36 in Q4 2016.
- Funds reported $26.6M of First Trust Dow Jones Select MicroCap Index Fund stock for Q1 2017, down 65% quarter-over-quarter.
- 6 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q1 2017 and 6 closed out, a net change of 0 holders.
- The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q1 2017 was Susquehanna International Group, an estimated $1.9M added.
- The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q1 2017 was Niemann Capital Management, an estimated $24.1M sold.
Based on aggregated 13F filings for Q1 2017.