First Trust Dow Jones Select MicroCap Index Fund
FDM
93 hedge funds and large institutions have $160M invested in First Trust Dow Jones Select MicroCap Index Fund in 2026 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 27 increasing their positions, 27 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
14% more capital invested
Capital invested by funds: $140M → $160M (+$19.9M)
9% more funds holding
Funds holding: 85 → 93 (+8)
0% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 27
0.8% less ownership
Funds ownership: 61.35% → 60.55% (-0.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UFAC
Urban Financial Advisory Corp
Chicago,
Illinois
|
+$1.97M |
| 2 |
VF
Virtu Financial
New York
|
+$1.7M |
| 3 |
Morgan Stanley
New York
|
+$1.61M |
| 4 |
Goldman Sachs
New York
|
+$1.35M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisory Group
Redmond,
Washington
|
-$4.54M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.86M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.75M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$453K |
| 5 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
-$421K |
FDM Hedge Fund Activity: Q2 2026 in Review
93 of the 8,349 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q2 2026, worth a combined $160M — up 14% from $140M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FDM positions and 6 closed out — a net gain of 8 holders — while 27 added to existing stakes and 27 trimmed.
The largest buyer was Urban Financial Advisory Corp, adding an estimated $1.97M. The largest seller was Private Advisory Group, cutting an estimated $4.54M.
- 93 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q2 2026, up from 85 in Q1 2026.
- Funds reported $160M of First Trust Dow Jones Select MicroCap Index Fund stock for Q2 2026, up 14% quarter-over-quarter.
- 14 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q2 2026 and 6 closed out, a net change of +8 holders.
- The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q2 2026 was Urban Financial Advisory Corp, an estimated $1.97M added.
- The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q2 2026 was Private Advisory Group, an estimated $4.54M sold.
Based on aggregated 13F filings for Q2 2026.