First Trust S&P REIT Index Fund
FRI
56 hedge funds and large institutions have $282M invested in First Trust S&P REIT Index Fund in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 11 reducing their positions, and 7 closing their positions.
109% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 11
108% more capital invested
Capital invested by funds: $135M → $282M (+$146M)
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
22.85% more ownership
Funds ownership: 50.98% → 73.83% (+23%)
6% more funds holding
Funds holding: 53 → 56 (+3)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
+$74.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$11.2M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$3.27M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.68M |
| 5 |
Goldman Sachs
New York
|
+$2.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Shamrock Asset Management
Dallas,
Texas
|
-$4.97M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$3.12M |
| 3 |
FHA
First Horizon Advisors
Memphis,
Tennessee
|
-$2.28M |
| 4 |
SG Americas Securities
New York
|
-$1.68M |
| 5 |
VF
Virtu Financial
New York
|
-$1.44M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Barclays
London,
United Kingdom
| $12K | – | – | – |
|
52
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $11K | +$10.7K | +500 | New |
|
53
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $6K | – | – | – |
|
|
GI
54
Gradient Investments
Arden Hills,
Minnesota
| $4K | +$3.41K | +159 | New |
|
55
AllianceBernstein
Nashville,
Tennessee
| $1K | – | – | – |
|
|
VKH
56
Virtu KCG Holdings
New York
| – | -$3.12M | -158,817 | Closed |
|
|
57
SG Americas Securities
New York
| – | -$1.68M | -85,556 | Closed |
|
|
VFS
58
VSR Financial Services
Overland Park,
Kansas
| – | -$929K | -47,243 | Closed |
|
|
PAG
59
Private Advisor Group
Morristown,
New Jersey
| – | -$215K | -10,956 | Closed |
|
|
TIM
60
Tortoise Investment Management
White Plains,
New York
| – | -$11K | -581 | Closed |
|
|
NFG
61
Next Financial Group
Houston,
Texas
| – | -$7K | -340 | Closed |
|
|
HI
62
Hudock Inc
Williamsport,
Pennsylvania
| – | -$1K | -61 | Closed |
|
63
Parallax Volatility Advisers
San Francisco,
California
| – | +$21 | +1 | New |
|
FRI Hedge Fund Activity: Q4 2014 in Review
56 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q4 2014, worth a combined $282M — up 108% from $135M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FRI positions and 7 closed out — a net gain of 4 holders — while 23 added to existing stakes and 11 trimmed.
The largest buyer was F-Squared Investment Management, opening a new position worth an estimated $74.9M. The largest seller was Shamrock Asset Management, cutting an estimated $4.97M.
- 56 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q4 2014, up from 53 in Q3 2014.
- Funds reported $282M of First Trust S&P REIT Index Fund stock for Q4 2014, up 108% quarter-over-quarter.
- 11 funds opened new First Trust S&P REIT Index Fund positions in Q4 2014 and 7 closed out, a net change of +4 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q4 2014 was F-Squared Investment Management, an estimated $74.9M added.
- The largest First Trust S&P REIT Index Fund seller in Q4 2014 was Shamrock Asset Management, an estimated $4.97M sold.
Based on aggregated 13F filings for Q4 2014.