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First Trust Dow Jones Select MicroCap Index Fund
FDM

84 hedge funds and large institutions have $132M invested in First Trust Dow Jones Select MicroCap Index Fund in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 3

17% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 23

12% more funds holding

Funds holding: 75 → 84 (+9)

10% more capital invested

Capital invested by funds: $120M → $132M (+$12.3M)

1.42% more ownership

Funds ownership: 59.48% → 60.9% (+1.4%)

Holders
84
Holders Change
+9
Holders Change %
+12%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
27
Reduced
23
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Raymond James Financial
Raymond James Financial
Florida
+$1.4M
2
Citadel Advisors
Citadel Advisors
Florida
+$711K
3
LPL Financial
LPL Financial
California
+$661K
4
PAG
Private Advisory Group
Washington
+$650K
5
SA
Sanctuary Advisors
Indiana
+$413K

Top Sellers

1
HF
HRT Financial
New York
-$1.06M
2
Bank of America
Bank of America
North Carolina
-$662K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$615K
4
Two Sigma Investments
Two Sigma Investments
New York
-$569K
5
CP
Camelot Portfolios
Ohio
-$274K
Name Holding Trade Value Shares
Change 		Change in
Stake
CPIG
1
Chicago Partners Investment Group
Illinois
$15.8M -$65K -846 -0.4%
PAG
2
Private Advisory Group
Washington
$15.2M +$650K +8,456 +5%
AFG
3
Arkansas Financial Group
Arkansas
$13.8M -$174K -2,264 -1%
LPL Financial
4
LPL Financial
California
$13.5M +$661K +8,598 +5%
Baird Financial Group
5
Baird Financial Group
Wisconsin
$11M +$72.3K +941 +0.7%
Morgan Stanley
6
Morgan Stanley
New York
$7.62M +$42K +546 +0.6%
Wells Fargo
7
Wells Fargo
California
$6.16M -$42.8K -557 -0.7%
Raymond James Financial
8
Raymond James Financial
Florida
$4.43M +$1.4M +18,223 +49%
P
9
&Partners
Tennessee
$3.58M +$58.6K +763 +2%
HWM
10
HB Wealth Management
Georgia
$3.58M – – –
EWM
11
Empirical Wealth Management
Washington
$2.89M -$9.76K -127 -0.3%
KCM
12
Kendall Capital Management
Maryland
$1.77M – – –
WMG
13
WESCAP Management Group
California
$1.59M -$119K -1,552 -7%
Susquehanna International Group
14
Susquehanna International Group
Pennsylvania
$1.54M -$615K -8,010 -29%
Bank of America
15
Bank of America
North Carolina
$1.38M -$662K -8,617 -33%
BVP
16
Bristlecone Value Partners
California
$1.28M +$1.23M +16,049 New
NFG
17
Northbridge Financial Group
Florida
$1.19M +$1.15M +14,987 New
NFW
18
Noble Family Wealth
Florida
$1.19M -$32.3K -420 -3%
Jones Financial Companies
19
Jones Financial Companies
Missouri
$1.18M +$156K +2,033 +16%
EF
20
Envision Financial
Wisconsin
$1.14M +$1.46K +19 +0.1%
CP
21
Camelot Portfolios
Ohio
$1.12M -$274K -3,566 -20%
Stifel Financial
22
Stifel Financial
Missouri
$1.07M +$269K +3,505 +35%
TYCC
23
Texas Yale Capital Corp
Florida
$1.01M +$154K +2,000 +19%
UFAC
24
Urban Financial Advisory Corp
Illinois
$981K +$50.9K +663 +6%
UBS Group
25
UBS Group
Switzerland
$964K +$6.53K +85 +0.7%
1
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FDM Hedge Fund Activity: Q4 2025 in Review

84 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q4 2025, worth a combined $132M — up 10% from $120M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new FDM positions and 3 closed out — a net gain of 9 holders — while 27 added to existing stakes and 23 trimmed.

The largest buyer was Raymond James Financial, adding an estimated $1.4M. The largest seller was HRT Financial, exiting entirely with an estimated $1.06M sold.

  • 84 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q4 2025, up from 75 in Q3 2025.
  • Funds reported $132M of First Trust Dow Jones Select MicroCap Index Fund stock for Q4 2025, up 10% quarter-over-quarter.
  • 12 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q4 2025 and 3 closed out, a net change of +9 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q4 2025 was Raymond James Financial, an estimated $1.4M added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q4 2025 was HRT Financial, an estimated $1.06M sold.

Based on aggregated 13F filings for Q4 2025.