First Trust S&P REIT Index Fund
FRI
42 hedge funds and large institutions have $43M invested in First Trust S&P REIT Index Fund in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 21 reducing their positions, and 15 closing their positions.
1.06% less ownership
Funds ownership: 52.46% → 51.4% (-1.1%)
19% less funds holding
Funds holding: 52 → 42 (-10)
21% less capital invested
Capital invested by funds: $54.1M → $43M (-$11.1M)
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
62% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 21
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.02M |
| 2 |
LFG
Larson Financial Group
St Louis,
Missouri
|
+$831K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$780K |
| 4 |
HT
HAP Trading
New York
|
+$662K |
| 5 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$143K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$3.99M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.86M |
| 3 |
MCM
Mainstay Capital Management
Grand Blanc,
Michigan
|
-$1.47M |
| 4 |
Jane Street
New York
|
-$920K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$831K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CF
51
Centaurus Financial
Anaheim,
California
| – | -$208K | -10,979 | Closed |
|
|
TSS
52
Two Sigma Securities
New York
| – | -$205K | -10,835 | Closed |
|
|
SF
53
Synovus Financial
Columbus,
Georgia
| – | -$112K | -5,946 | Closed |
|
|
ASN
54
Advisory Services Network
Atlanta,
Georgia
| – | -$58K | -3,060 | Closed |
|
|
WAP
55
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$39K | -2,081 | Closed |
|
|
EWM
56
EPG Wealth Management
Atlanta,
Georgia
| – | -$21K | -1,118 | Closed |
|
57
Fidelity Investments
Boston,
Massachusetts
| – | -$1K | -64 | Closed |
|
FRI Hedge Fund Activity: Q2 2020 in Review
42 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q2 2020, worth a combined $43M — down 21% from $54.1M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FRI and 6 opened new positions — a net loss of 9 holders — while 21 trimmed existing stakes and 8 added.
The largest buyer was Royal Bank of Canada, adding an estimated $1.02M. The largest seller was LPL Financial, cutting an estimated $3.99M.
- 42 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q2 2020, down from 52 in Q1 2020.
- Funds reported $43M of First Trust S&P REIT Index Fund stock for Q2 2020, down 21% quarter-over-quarter.
- 6 funds opened new First Trust S&P REIT Index Fund positions in Q2 2020 and 15 closed out, a net change of -9 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q2 2020 was Royal Bank of Canada, an estimated $1.02M added.
- The largest First Trust S&P REIT Index Fund seller in Q2 2020 was LPL Financial, an estimated $3.99M sold.
Based on aggregated 13F filings for Q2 2020.