First Trust Dow Jones Internet Index Fund ETF
FDN
433 hedge funds and large institutions have $2.87B invested in First Trust Dow Jones Internet Index Fund ETF in 2023 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 124 increasing their positions, 156 reducing their positions, and 29 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 5 → 10 (+5)
90% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 29
76% more call options, than puts
Call options by funds: $60.9M | Put options by funds: $34.6M
62% more capital invested
Capital invested by funds: $1.77B → $2.87B (+$1.1B)
8.59% more ownership
Funds ownership: 44.94% → 53.53% (+8.6%)
5% more funds holding
Funds holding: 411 → 433 (+22)
21% less repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 156
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$630M |
| 2 |
Millennium Management
New York
|
+$46.3M |
| 3 |
Morgan Stanley
New York
|
+$41.6M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$31.1M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$21.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$91.8M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$27.1M |
| 3 |
Citigroup
New York
|
-$13.8M |
| 4 |
MCC
Money Concepts Capital
Palm Beach Gardens,
Florida
|
-$12.8M |
| 5 |
HF
HRT Financial
New York
|
-$7.5M |
FDN Hedge Fund Activity: Q2 2023 in Review
433 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Internet Index Fund ETF (FDN) for Q2 2023, worth a combined $2.87B — up 62% from $1.77B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new FDN positions and 29 closed out — a net gain of 26 holders — while 124 added to existing stakes and 156 trimmed.
The largest buyer was First Trust Advisors, adding an estimated $630M. The largest seller was UBS Group, cutting an estimated $91.8M.
- 433 institutional investors held First Trust Dow Jones Internet Index Fund ETF (FDN) as of Q2 2023, up from 411 in Q1 2023.
- Funds reported $2.87B of First Trust Dow Jones Internet Index Fund ETF stock for Q2 2023, up 62% quarter-over-quarter.
- 55 funds opened new First Trust Dow Jones Internet Index Fund ETF positions in Q2 2023 and 29 closed out, a net change of +26 holders.
- The largest First Trust Dow Jones Internet Index Fund ETF buyer in Q2 2023 was First Trust Advisors, an estimated $630M added.
- The largest First Trust Dow Jones Internet Index Fund ETF seller in Q2 2023 was UBS Group, an estimated $91.8M sold.
Based on aggregated 13F filings for Q2 2023.