First Trust S&P REIT Index Fund
FRI
49 hedge funds and large institutions have $146M invested in First Trust S&P REIT Index Fund in 2015 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 21 reducing their positions, and 13 closing their positions.
10.34% more ownership
Funds ownership: 59.05% → 69.39% (+10%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
14% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 21
17% less funds holding
Funds holding: 59 → 49 (-10)
42% less capital invested
Capital invested by funds: $253M → $146M (-$107M)
77% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$1.89M |
| 2 |
HA
Hays Advisory
Franklin,
Tennessee
|
+$1.69M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$906K |
| 4 |
Goldman Sachs
New York
|
+$750K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$45.1M |
| 2 |
Morgan Stanley
New York
|
-$12.9M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$9.55M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.96M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Jane Street
New York
| – | -$2.41M | -103,891 | Closed |
|
|
VFS
52
VSR Financial Services
Overland Park,
Kansas
| – | -$1.91M | -82,559 | Closed |
|
|
SSWM
53
Sheets Smith Wealth Management
Winston-Salem,
North Carolina
| – | -$1.09M | -47,000 | Closed |
|
|
RPG
54
Risk Paradigm Group
Austin,
Texas
| – | -$927K | -39,999 | Closed |
|
55
US Bancorp
Minneapolis,
Minnesota
| – | -$696K | -30,000 | Closed |
|
|
FAAS
56
First Allied Advisory Services
San Diego,
California
| – | -$233K | -9,916 | Closed |
|
|
NA
57
Navellier & Associates
Reno,
Nevada
| – | -$207K | -8,936 | Closed |
|
|
AP
58
Advisors Preferred
Rockville,
Maryland
| – | -$33.7K | -1,453 | Closed |
|
|
WCM
59
Wealthcare Capital Management
Richmond,
Virginia
| – | -$6K | -250 | Closed |
|
|
WP
60
WealthPLAN Partners
Omaha,
Nebraska
| – | -$2K | -70 | Closed |
|
61
AllianceBernstein
Nashville,
Tennessee
| – | -$1K | -61 | Closed |
|
FRI Hedge Fund Activity: Q2 2015 in Review
49 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q2 2015, worth a combined $146M — down 42% from $253M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FRI and 3 opened new positions — a net loss of 10 holders — while 21 trimmed existing stakes and 18 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $1.89M. The largest seller was BB&T Securities, exiting entirely with an estimated $45.1M sold.
- 49 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q2 2015, down from 59 in Q1 2015.
- Funds reported $146M of First Trust S&P REIT Index Fund stock for Q2 2015, down 42% quarter-over-quarter.
- 3 funds opened new First Trust S&P REIT Index Fund positions in Q2 2015 and 13 closed out, a net change of -10 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q2 2015 was Virtu Financial, an estimated $1.89M added.
- The largest First Trust S&P REIT Index Fund seller in Q2 2015 was BB&T Securities, an estimated $45.1M sold.
Based on aggregated 13F filings for Q2 2015.