First Trust Dow Jones Select MicroCap Index Fund
FDM
62 hedge funds and large institutions have $70.5M invested in First Trust Dow Jones Select MicroCap Index Fund in 2022 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
3% more funds holding
Funds holding: 60 → 62 (+2)
1.45% less ownership
Funds ownership: 49.68% → 48.23% (-1.5%)
24% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 25
32% less capital inflows, than outflows
Capital inflows: $11.3M | Capital outflows: $16.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marquette Asset Management
Minneapolis,
Minnesota
|
+$4.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.57M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.27M |
| 4 |
Arkansas Financial Group
Little Rock,
Arkansas
|
+$977K |
| 5 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$777K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AE Wealth Management
Topeka,
Kansas
|
-$9.06M |
| 2 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$4.57M |
| 3 |
LPL Financial
San Diego,
California
|
-$998K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$300K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$217K |
FDM Hedge Fund Activity: Q4 2022 in Review
62 of the 6,241 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q4 2022, worth a combined $70.5M — up 1.4% from $69.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FDM positions and 7 closed out — a net gain of 3 holders — while 19 added to existing stakes and 25 trimmed.
The largest buyer was Marquette Asset Management, adding an estimated $4.6M. The largest seller was AE Wealth Management, exiting entirely with an estimated $9.06M sold.
- 62 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q4 2022, up from 60 in Q3 2022.
- Funds reported $70.5M of First Trust Dow Jones Select MicroCap Index Fund stock for Q4 2022, up 1.4% quarter-over-quarter.
- 10 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q4 2022 and 7 closed out, a net change of +3 holders.
- The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q4 2022 was Marquette Asset Management, an estimated $4.6M added.
- The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q4 2022 was AE Wealth Management, an estimated $9.06M sold.
Based on aggregated 13F filings for Q4 2022.