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First Trust Dow Jones Select MicroCap Index Fund
FDM

69 hedge funds and large institutions have $86.9M invested in First Trust Dow Jones Select MicroCap Index Fund in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 31 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

5% more funds holding

Funds holding: 66 → 69 (+3)

1.11% less ownership

Funds ownership: 56.23% → 55.11% (-1.1%)

13% less capital invested

Capital invested by funds: $100M → $86.9M (-$13.1M)

42% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 31

Holders
69
Holders Change
+3
Holders Change %
+4.55%
% of All Funds
0.93%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
18
Reduced
31
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AFG
Arkansas Financial Group
Arkansas
+$871K
2
Jane Street
Jane Street
New York
+$722K
3
AWM
Apollon Wealth Management
South Carolina
+$701K
4
TYCC
Texas Yale Capital Corp
Florida
+$675K
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$642K

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.97M
2
Citadel Advisors
Citadel Advisors
Florida
-$1.8M
3
LPL Financial
LPL Financial
California
-$1.79M
4
VF
Virtu Financial
New York
-$1.54M
5
Stifel Financial
Stifel Financial
Missouri
-$745K
Name Holding Trade Value Shares
Change 		Change in
Stake
CPIG
1
Chicago Partners Investment Group
Illinois
$11.8M +$223K +3,297 +2%
AFG
2
Arkansas Financial Group
Arkansas
$9.39M +$871K +12,894 +9%
Baird Financial Group
3
Baird Financial Group
Wisconsin
$8.9M +$642K +9,501 +7%
LPL Financial
4
LPL Financial
California
$8.74M -$1.79M -26,510 -16%
Morgan Stanley
5
Morgan Stanley
New York
$6.5M -$740K -10,954 -9%
Wells Fargo
6
Wells Fargo
California
$4.7M +$365K +5,411 +8%
HWM
7
HB Wealth Management
Georgia
$2.8M – – –
P
8
&Partners
Tennessee
$2.48M +$96.4K +1,427 +4%
Raymond James Financial
9
Raymond James Financial
Florida
$2.33M -$81.7K -1,210 -3%
EWM
10
Empirical Wealth Management
Washington
$1.85M -$131K -1,946 -6%
Bank of America
11
Bank of America
North Carolina
$1.42M -$113K -1,667 -7%
WMG
12
WESCAP Management Group
California
$1.4M -$34.5K -511 -2%
KCM
13
Kendall Capital Management
Maryland
$1.37M -$9.99K -148 -0.7%
SAM
14
Smithbridge Asset Management
Pennsylvania
$1.3M +$1.41M +20,885 New
CP
15
Camelot Portfolios
Ohio
$1.25M +$230K +3,412 +20%
AWS
16
Atria Wealth Solutions
New York
$1.21M +$82.7K +1,224 +7%
NFW
17
Noble Family Wealth
Florida
$996K -$229K -3,384 -17%
EF
18
Envision Financial
Wisconsin
$994K -$75K -1,111 -7%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$959K -$26.9K -399 -3%
VF
20
Virtu Financial
New York
$907K -$1.54M -22,739 -61%
Citadel Advisors
21
Citadel Advisors
Florida
$890K -$1.8M -26,715 -65%
AF
22
Allworth Financial
California
$883K +$878 +13 +0.1%
Two Sigma Investments
23
Two Sigma Investments
New York
$877K -$27K -400 -3%
UBS Group
24
UBS Group
Switzerland
$796K -$539K -7,979 -38%
Mariner
25
Mariner
Kansas
$712K +$4.39K +65 +0.6%
1
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FDM Hedge Fund Activity: Q1 2025 in Review

69 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q1 2025, worth a combined $86.9M — down 13% from $100M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new FDM positions and 2 closed out — a net gain of 4 holders — while 18 added to existing stakes and 31 trimmed.

The largest buyer was Arkansas Financial Group, adding an estimated $871K. The largest seller was Susquehanna International Group, cutting an estimated $1.97M.

  • 69 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q1 2025, up from 66 in Q4 2024.
  • Funds reported $86.9M of First Trust Dow Jones Select MicroCap Index Fund stock for Q1 2025, down 13% quarter-over-quarter.
  • 6 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q1 2025 and 2 closed out, a net change of +4 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q1 2025 was Arkansas Financial Group, an estimated $871K added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q1 2025 was Susquehanna International Group, an estimated $1.97M sold.

Based on aggregated 13F filings for Q1 2025.