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First Trust US Equity Opportunities ETF
FPX

76 hedge funds and large institutions have $180M invested in First Trust US Equity Opportunities ETF in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 39 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

9.72% less ownership

Funds ownership: 40.19% → 30.48% (-9.7%)

17% less funds holding

Funds holding: 92 → 76 (-16)

43% less capital invested

Capital invested by funds: $317M → $180M (-$138M)

46% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 39

83% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 18

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
76
Holders Change
-16
Holders Change %
-17.39%
% of All Funds
2.03%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
3
Increased
21
Reduced
39
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TRCT
Tower Research Capital (TRC)
New York
+$1.29M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$883K
3
VKH
Virtu KCG Holdings
New York
+$796K
4
LTFS
Ladenburg Thalmann Financial Services
Florida
+$397K
5
MFS
MSI Financial Services
Massachusetts
+$290K

Top Sellers

1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$26M
2
Wells Fargo
Wells Fargo
California
-$18.7M
3
LPL Financial
LPL Financial
California
-$14.6M
4
UBS Group
UBS Group
Switzerland
-$12.5M
5
Bank of America
Bank of America
North Carolina
-$12.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
76
Bank of Montreal
Ontario, Canada
– -$26M -509,008 Closed
KA
77
Kovack Advisors
Florida
– -$4.02M -78,651 Closed
RJFSA
78
Raymond James Financial Services Advisors
Florida
– -$3.5M -68,383 Closed
CS
79
Credit Suisse
Switzerland
– -$3.01M -58,923 Closed
TPWA
80
TRUE Private Wealth Advisors
Oregon
– -$2.65M -51,808 Closed
VFS
81
VSR Financial Services
Kansas
– -$1.36M -26,658 Closed
CC
82
Cedar Capital
Illinois
– -$1.05M -20,452 Closed
LWA
83
Lowe Wealth Advisors
Maryland
– -$1.02M -19,874 Closed
SB
84
Suntrust Banks
Georgia
– -$1.04M -19,848 Closed
LI
85
LVZ Inc
Michigan
– -$281K -5,495 Closed
EDRE
86
Edmond de Rothschild (Europe)
Luxembourg
– -$274K -5,365 Closed
EDRH
87
Edmond de Rothschild Holding
Switzerland
– -$274K -5,365 Closed
UR
88
USCA RIA
Texas
– -$240K -4,700 Closed
MC
89
Moors & Cabot
Massachusetts
– -$212K -4,148 Closed
MM
90
Midas Management
New York
– -$148K -2,900 Closed
Fifth Third Bancorp
91
Fifth Third Bancorp
Ohio
– -$76K -1,477 Closed
MCM
92
Manchester Capital Management
Vermont
– -$41K -800 Closed
CFN
93
Cordasco Financial Network
Florida
– -$1K -25 Closed
1 2 3
4

FPX Hedge Fund Activity: Q1 2016 in Review

76 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust US Equity Opportunities ETF (FPX) for Q1 2016, worth a combined $180M — down 43% from $317M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of FPX and 3 opened new positions — a net loss of 15 holders — while 39 trimmed existing stakes and 21 added.

The largest buyer was Tower Research Capital (TRC), adding an estimated $1.29M. The largest seller was Bank of Montreal, exiting entirely with an estimated $26M sold.

  • 76 institutional investors held First Trust US Equity Opportunities ETF (FPX) as of Q1 2016, down from 92 in Q4 2015.
  • Funds reported $180M of First Trust US Equity Opportunities ETF stock for Q1 2016, down 43% quarter-over-quarter.
  • 3 funds opened new First Trust US Equity Opportunities ETF positions in Q1 2016 and 18 closed out, a net change of -15 holders.
  • The largest First Trust US Equity Opportunities ETF buyer in Q1 2016 was Tower Research Capital (TRC), an estimated $1.29M added.
  • The largest First Trust US Equity Opportunities ETF seller in Q1 2016 was Bank of Montreal, an estimated $26M sold.

Based on aggregated 13F filings for Q1 2016.