First Trust S&P REIT Index Fund
FRI
55 hedge funds and large institutions have $79.1M invested in First Trust S&P REIT Index Fund in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 30 reducing their positions, and 7 closing their positions.
1.75% more ownership
Funds ownership: 65.18% → 66.93% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $80.8M → $79.1M (-$1.68M)
10% less funds holding
Funds holding: 61 → 55 (-6)
50% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 30
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$7.15M |
| 2 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
+$1.22M |
| 3 |
AFS
Aft Forsyth & Sober
Valrico,
Florida
|
+$228K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$215K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$126K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.01M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.63M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.38M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.36M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.34M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
51
Geneos Wealth Management
Englewood,
Colorado
| $9.84K | – | – | – |
|
|
NFSG
52
Newbridge Financial Services Group
Boca Raton,
Florida
| $6.77K | – | – | – |
|
53
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $4K | – | – | – |
|
54
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1.13K | -$18.4K | -759 | -94% |
|
|
LFG
55
Larson Financial Group
St Louis,
Missouri
| $687 | – | – | – |
|
|
RJFSA
56
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$2.63M | -108,120 | Closed |
|
|
PAG
57
Private Advisor Group
Morristown,
New Jersey
| – | -$223K | -9,163 | Closed |
|
|
DC
58
Davenport & Co
Richmond,
Virginia
| – | -$206K | -8,469 | Closed |
|
|
SS
59
Sunbelt Securities
Houston,
Texas
| – | -$12.2K | -515 | Closed |
|
|
ASN
60
Advisory Services Network
Atlanta,
Georgia
| – | -$6.55K | -269 | Closed |
|
|
CFGS
61
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$5.68K | -235 | Closed |
|
|
AF
62
Allworth Financial
Folsom,
California
| – | -$4.64K | -190 | Closed |
|
FRI Hedge Fund Activity: Q2 2023 in Review
55 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q2 2023, worth a combined $79.1M — down 2.1% from $80.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FRI and 2 opened new positions — a net loss of 5 holders — while 30 trimmed existing stakes and 15 added.
The largest buyer was LPL Financial, adding an estimated $7.15M. The largest seller was Morgan Stanley, cutting an estimated $3.01M.
- 55 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q2 2023, down from 61 in Q1 2023.
- Funds reported $79.1M of First Trust S&P REIT Index Fund stock for Q2 2023, down 2.1% quarter-over-quarter.
- 2 funds opened new First Trust S&P REIT Index Fund positions in Q2 2023 and 7 closed out, a net change of -5 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q2 2023 was LPL Financial, an estimated $7.15M added.
- The largest First Trust S&P REIT Index Fund seller in Q2 2023 was Morgan Stanley, an estimated $3.01M sold.
Based on aggregated 13F filings for Q2 2023.