First Trust S&P REIT Index Fund
FRI
59 hedge funds and large institutions have $253M invested in First Trust S&P REIT Index Fund in 2015 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 27 increasing their positions, 12 reducing their positions, and 8 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 12
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
5% more funds holding
Funds holding: 56 → 59 (+3)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
10% less capital invested
Capital invested by funds: $282M → $253M (-$28.1M)
14.78% less ownership
Funds ownership: 73.83% → 59.05% (-15%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$20.9M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$6.06M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$5.15M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.58M |
| 5 |
Morgan Stanley
New York
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
-$77.6M |
| 2 |
X
Xponance
Philadelphia,
Pennsylvania
|
-$6.34M |
| 3 |
New York State Common Retirement Fund
Albany,
New York
|
-$5.55M |
| 4 |
FHA
First Horizon Advisors
Memphis,
Tennessee
|
-$2.19M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.78M |
FRI Hedge Fund Activity: Q1 2015 in Review
59 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q1 2015, worth a combined $253M — down 10% from $282M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FRI positions and 8 closed out — a net gain of 5 holders — while 27 added to existing stakes and 12 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $20.9M. The largest seller was F-Squared Investment Management, exiting entirely with an estimated $77.6M sold.
- 59 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q1 2015, up from 56 in Q4 2014.
- Funds reported $253M of First Trust S&P REIT Index Fund stock for Q1 2015, down 10% quarter-over-quarter.
- 13 funds opened new First Trust S&P REIT Index Fund positions in Q1 2015 and 8 closed out, a net change of +5 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q1 2015 was Goldman Sachs, an estimated $20.9M added.
- The largest First Trust S&P REIT Index Fund seller in Q1 2015 was F-Squared Investment Management, an estimated $77.6M sold.
Based on aggregated 13F filings for Q1 2015.