First Trust S&P REIT Index Fund
FRI
46 hedge funds and large institutions have $71.3M invested in First Trust S&P REIT Index Fund in 2018 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 10 closing their positions.
28% more capital invested
Capital invested by funds: $55.7M → $71.3M (+$15.6M)
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
0.86% less ownership
Funds ownership: 55.8% → 54.94% (-0.86%)
4% less funds holding
Funds holding: 48 → 46 (-2)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$14.4M |
| 2 |
Morgan Stanley
New York
|
+$3.91M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.81M |
| 4 |
PFA
Pinnacle Family Advisors
Springfield,
Missouri
|
+$2.59M |
| 5 |
Jane Street
New York
|
+$803K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.74M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.33M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.62M |
| 5 |
F
F3Logic
Burnsville,
Minnesota
|
-$796K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HA
51
Hays Advisory
Franklin,
Tennessee
| – | -$100K | -4,284 | Closed |
|
|
AWA
52
Acorn Wealth Advisors
Grand Blanc,
Michigan
| – | -$79K | -3,385 | Closed |
|
|
FHA
53
First Horizon Advisors
Memphis,
Tennessee
| – | -$39K | -1,705 | Closed |
|
|
CF
54
Centaurus Financial
Anaheim,
California
| – | -$9K | -382 | Closed |
|
55
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$6K | -236 | Closed |
|
FRI Hedge Fund Activity: Q3 2018 in Review
46 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q3 2018, worth a combined $71.3M — up 28% from $55.7M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FRI and 8 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 14 added.
The largest buyer was LPL Financial, adding an estimated $14.4M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $2.74M.
- 46 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q3 2018, down from 48 in Q2 2018.
- Funds reported $71.3M of First Trust S&P REIT Index Fund stock for Q3 2018, up 28% quarter-over-quarter.
- 8 funds opened new First Trust S&P REIT Index Fund positions in Q3 2018 and 10 closed out, a net change of -2 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q3 2018 was LPL Financial, an estimated $14.4M added.
- The largest First Trust S&P REIT Index Fund seller in Q3 2018 was Raymond James Financial Services Advisors, an estimated $2.74M sold.
Based on aggregated 13F filings for Q3 2018.