First Trust Dow Jones Internet Index Fund ETF
446 hedge funds and large institutions have $3.21B invested in First Trust Dow Jones Internet Index Fund ETF in 2023 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 133 increasing their positions, 142 reducing their positions, and 28 closing their positions.
68% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 28
44% more funds holding in top 10
Funds holding in top 10: 9 → 13 (+4)
23% more call options, than puts
Call options by funds: $27.3M | Put options by funds: $22.3M
12% more capital invested
Capital invested by funds: $2.87B → $3.21B (+$340M)
3.87% more ownership
Funds ownership: 53.53% → 57.41% (+3.9%)
3% more funds holding
Funds holding: 433 → 446 (+13)
6% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 142
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Churchill Management
Los Angeles,
California
|
+$361M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$18.9M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$14.2M |
| 4 |
HF
HRT Financial
New York
|
+$10.4M |
| 5 |
WWA
WCG Wealth Advisors
Las Vegas,
Nevada
|
+$9.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$35.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$19.4M |
| 3 |
Goldman Sachs
New York
|
-$14M |
| 4 |
Walleye Trading
New York
|
-$8.47M |
| 5 |
CCM
Chiron Capital Management
Tallahassee,
Florida
|
-$7.41M |
FDN Hedge Fund Activity: Q3 2023 in Review
446 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Internet Index Fund ETF (FDN) for Q3 2023, worth a combined $3.21B — up 12% from $2.87B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new FDN positions and 28 closed out — a net gain of 19 holders — while 133 added to existing stakes and 142 trimmed.
The largest buyer was Churchill Management, opening a new position worth an estimated $361M. The largest seller was Millennium Management, cutting an estimated $35.6M.
- 446 institutional investors held First Trust Dow Jones Internet Index Fund ETF (FDN) as of Q3 2023, up from 433 in Q2 2023.
- Funds reported $3.21B of First Trust Dow Jones Internet Index Fund ETF stock for Q3 2023, up 12% quarter-over-quarter.
- 47 funds opened new First Trust Dow Jones Internet Index Fund ETF positions in Q3 2023 and 28 closed out, a net change of +19 holders.
- The largest First Trust Dow Jones Internet Index Fund ETF buyer in Q3 2023 was Churchill Management, an estimated $361M added.
- The largest First Trust Dow Jones Internet Index Fund ETF seller in Q3 2023 was Millennium Management, an estimated $35.6M sold.
Based on aggregated 13F filings for Q3 2023.