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First Trust Dow Jones Select MicroCap Index Fund
FDM

60 hedge funds and large institutions have $69.5M invested in First Trust Dow Jones Select MicroCap Index Fund in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 25 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

9% more capital invested

Capital invested by funds: $63.5M → $69.5M (+$5.96M)

4.6% more ownership

Funds ownership: 45.09% → 49.68% (+4.6%)

3% more funds holding

Funds holding: 58 → 60 (+2)

28% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 25

Holders
60
Holders Change
+2
Holders Change %
+3.45%
% of All Funds
1.03%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
18
Reduced
25
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AWM
AE Wealth Management
Kansas
+$10.1M
2
HWM
HB Wealth Management
Georgia
+$1.39M
3
Citadel Advisors
Citadel Advisors
Florida
+$892K
4
FAIM
Financial Advocates Investment Management
Washington
+$608K
5
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$373K

Top Sellers

1
TRCT
Tower Research Capital (TRC)
New York
-$1.2M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$865K
3
Wells Fargo
Wells Fargo
California
-$716K
4
LPL Financial
LPL Financial
California
-$676K
5
Morgan Stanley
Morgan Stanley
New York
-$383K
Name Holding Trade Value Shares
Change 		Change in
Stake
Baird Financial Group
1
Baird Financial Group
Wisconsin
$9.14M +$64K +1,150 +0.6%
AWM
2
AE Wealth Management
Kansas
$9.05M +$10.1M +181,110 New
CPIG
3
Chicago Partners Investment Group
Illinois
$7.14M +$189K +3,390 +3%
Morgan Stanley
4
Morgan Stanley
New York
$6.37M -$383K -6,882 -5%
LPL Financial
5
LPL Financial
California
$5.71M -$676K -12,146 -10%
FAIM
6
Financial Advocates Investment Management
Washington
$4.52M +$608K +10,923 +14%
Wells Fargo
7
Wells Fargo
California
$4.34M -$716K -12,861 -13%
EWM
8
Empirical Wealth Management
Washington
$2.52M -$71K -1,276 -2%
WMG
9
WESCAP Management Group
California
$2.03M -$161K -2,899 -7%
CP
10
Camelot Portfolios
Ohio
$1.36M -$157K -2,822 -9%
HWM
11
HB Wealth Management
Georgia
$1.25M +$1.39M +25,000 New
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$1.02M -$176K -3,153 -13%
UBS Group
13
UBS Group
Switzerland
$949K -$170K -3,060 -14%
RJFSA
14
Raymond James Financial Services Advisors
Florida
$895K -$84.7K -1,522 -8%
Citadel Advisors
15
Citadel Advisors
Florida
$801K +$892K +16,028 New
Osaic Holdings
16
Osaic Holdings
Arizona
$695K +$8.91K +160 +1%
Stifel Financial
17
Stifel Financial
Missouri
$638K +$18.6K +334 +3%
Bank of America
18
Bank of America
North Carolina
$634K +$334K +6,008 +90%
AWS
19
Atria Wealth Solutions
New York
$617K -$557 -10 -0.1%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$616K -$147K -2,643 -18%
Susquehanna International Group
21
Susquehanna International Group
Pennsylvania
$530K -$193K -3,473 -25%
AFP
22
Ausdal Financial Partners
Iowa
$523K +$2.28K +41 +0.4%
Truist Financial
23
Truist Financial
North Carolina
$486K -$22.6K -406 -4%
BCA
24
Bay Colony Advisors
Massachusetts
$463K -$25.1K -450 -5%
TAIM
25
TD Ameritrade Investment Management
Nebraska
$446K -$17.5K -314 -3%
1
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FDM Hedge Fund Activity: Q3 2022 in Review

60 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q3 2022, worth a combined $69.5M — up 9.4% from $63.5M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FDM positions and 7 closed out — a net gain of 3 holders — while 18 added to existing stakes and 25 trimmed.

The largest buyer was AE Wealth Management, opening a new position worth an estimated $10.1M. The largest seller was Tower Research Capital (TRC), exiting entirely with an estimated $1.2M sold.

  • 60 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q3 2022, up from 58 in Q2 2022.
  • Funds reported $69.5M of First Trust Dow Jones Select MicroCap Index Fund stock for Q3 2022, up 9.4% quarter-over-quarter.
  • 10 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q3 2022 and 7 closed out, a net change of +3 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q3 2022 was AE Wealth Management, an estimated $10.1M added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q3 2022 was Tower Research Capital (TRC), an estimated $1.2M sold.

Based on aggregated 13F filings for Q3 2022.