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First Trust S&P REIT Index Fund
FRI

52 hedge funds and large institutions have $54.1M invested in First Trust S&P REIT Index Fund in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

11.8% less ownership

Funds ownership: 64.26% → 52.46% (-12%)

13% less funds holding

Funds holding: 60 → 52 (-8)

32% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 19

33% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 15

58% less capital invested

Capital invested by funds: $128M → $54.1M (-$73.4M)

Holders
52
Holders Change
-8
Holders Change %
-13.33%
% of All Funds
1.15%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
10
Increased
13
Reduced
19
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$1.28M
2
Jane Street
Jane Street
New York
+$1.19M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.05M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.04M
5
PCM
Peak Capital Management
Colorado
+$781K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$19.5M
2
LPL Financial
LPL Financial
California
-$6.6M
3
RJFSA
Raymond James Financial Services Advisors
Florida
-$5.62M
4
Bank of America
Bank of America
North Carolina
-$5.13M
5
Wells Fargo
Wells Fargo
California
-$4.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
SS
26
Simplicity Solutions
Minnesota
$450K +$582K +23,789 New
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$437K -$21.9K -895 -4%
MAFM
28
Mid Atlantic Financial Management
Pennsylvania
$415K -$2.45K -100 -0.5%
Goldman Sachs
29
Goldman Sachs
New York
$406K +$525K +21,467 New
BFA
30
Beacon Financial Advisory
Ohio
$384K +$2.98K +122 +0.6%
TFA
31
Teamwork Financial Advisors
Texas
$378K -$9.32K -381 -2%
HIS
32
Harvest Investment Services
Illinois
$306K -$1.03M -42,109 -72%
RJA
33
Raymond James & Associates
Florida
$288K -$600K -24,541 -62%
QCIG
34
Quad-Cities Investment Group
Iowa
$287K +$4.84K +198 +1%
FTS
35
Fifth Third Securities
Ohio
$257K -$11.3K -461 -3%
CF
36
Centaurus Financial
California
$208K +$269K +10,979 New
TSS
37
Two Sigma Securities
New York
$205K +$265K +10,835 New
UCFA
38
United Capital Financial Advisors
Texas
$202K – – –
SF
39
Synovus Financial
Georgia
$112K +$145K +5,946 New
APA
40
American Portfolios Advisors
New York
$83.4K – – –
ASN
41
Advisory Services Network
Georgia
$58K -$22.2K -908 -23%
WAP
42
Wealthcare Advisory Partners
Pennsylvania
$39K +$11K +450 +28%
Fifth Third Bancorp
43
Fifth Third Bancorp
Ohio
$38K – – –
EWM
44
EPG Wealth Management
Georgia
$21K +$27.3K +1,118 New
Carson Wealth (CWM LLC)
45
Carson Wealth (CWM LLC)
Nebraska
$19K – – –
SFPG
46
Stonebridge Financial Planning Group
Florida
$14K – – –
Citigroup
47
Citigroup
New York
$13K +$8.8K +360 +103%
SPIA
48
Steward Partners Investment Advisory
New York
$10K – – –
CFGS
49
Concourse Financial Group Securities
Alabama
$7K – – –
GWM
50
Geneos Wealth Management
Colorado
$7K – – –
1
2
3

FRI Hedge Fund Activity: Q1 2020 in Review

52 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q1 2020, worth a combined $54.1M — down 58% from $128M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FRI and 10 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 13 added.

The largest buyer was Citadel Advisors, adding an estimated $1.28M. The largest seller was Morgan Stanley, cutting an estimated $19.5M.

  • 52 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q1 2020, down from 60 in Q4 2019.
  • Funds reported $54.1M of First Trust S&P REIT Index Fund stock for Q1 2020, down 58% quarter-over-quarter.
  • 10 funds opened new First Trust S&P REIT Index Fund positions in Q1 2020 and 15 closed out, a net change of -5 holders.
  • The largest First Trust S&P REIT Index Fund buyer in Q1 2020 was Citadel Advisors, an estimated $1.28M added.
  • The largest First Trust S&P REIT Index Fund seller in Q1 2020 was Morgan Stanley, an estimated $19.5M sold.

Based on aggregated 13F filings for Q1 2020.