First Trust Dow Jones Select MicroCap Index Fund
FDM
41 hedge funds and large institutions have $29.5M invested in First Trust Dow Jones Select MicroCap Index Fund in 2020 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 9 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 11
9.29% less ownership
Funds ownership: 45.91% → 36.62% (-9.3%)
15% less funds holding
Funds holding: 48 → 41 (-7)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
59% less capital invested
Capital invested by funds: $71.5M → $29.5M (-$42M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.11M |
| 2 |
EWM
Empirical Wealth Management
Seattle,
Washington
|
+$2.08M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.65M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.02M |
| 5 |
LFG
Larson Financial Group
St Louis,
Missouri
|
+$834K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
-$18M |
| 2 |
Morgan Stanley
New York
|
-$8.65M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.22M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.02M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$764K |
FDM Hedge Fund Activity: Q1 2020 in Review
41 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q1 2020, worth a combined $29.5M — down 59% from $71.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FDM and 4 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 20 added.
The largest buyer was Raymond James & Associates, adding an estimated $2.11M. The largest seller was Cardan Capital Partners, cutting an estimated $18M.
- 41 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q1 2020, down from 48 in Q4 2019.
- Funds reported $29.5M of First Trust Dow Jones Select MicroCap Index Fund stock for Q1 2020, down 59% quarter-over-quarter.
- 4 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q1 2020 and 9 closed out, a net change of -5 holders.
- The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q1 2020 was Raymond James & Associates, an estimated $2.11M added.
- The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q1 2020 was Cardan Capital Partners, an estimated $18M sold.
Based on aggregated 13F filings for Q1 2020.