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First Trust S&P REIT Index Fund
FRI

58 hedge funds and large institutions have $99M invested in First Trust S&P REIT Index Fund in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 31 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more capital invested

Capital invested by funds: $78.4M → $99M (+$20.6M)

11.7% more ownership

Funds ownership: 68.73% → 80.43% (+12%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less funds holding

Funds holding: 59 → 58 (-1)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

65% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 31

Holders
58
Holders Change
-1
Holders Change %
-1.69%
% of All Funds
0.85%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
8
Increased
11
Reduced
31
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$20M
2
Cerity Partners
Cerity Partners
New York
+$379K
3
MML Investors Services
MML Investors Services
Massachusetts
+$229K
4
SWA
Stratos Wealth Advisors
Ohio
+$212K
5
CAN
Cetera Advisor Networks
California
+$191K

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$4.84M
2
FIS
Fischer Investment Strategies
California
-$1.25M
3
AFS
Aft Forsyth & Sober
Florida
-$1.18M
4
Baird Financial Group
Baird Financial Group
Wisconsin
-$979K
5
KNW
Kesler Norman & Wride
Utah
-$657K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
51
Ancora Advisors
Ohio
$49.5K +$95 +4 +0.2%
HI
52
Harbour Investments
Wisconsin
$25.1K -$169K -7,144 -88%
Carson Wealth (CWM LLC)
53
Carson Wealth (CWM LLC)
Nebraska
$21K -$1.47K -62 -7%
Qube Research & Technologies (QRT)
54
Qube Research & Technologies (QRT)
United Kingdom
$20.8K – – –
HCP
55
Hexagon Capital Partners
Arkansas
$20.1K – – –
SPIA
56
Steward Partners Investment Advisory
New York
$14K – – –
ASN
57
Advisory Services Network
Georgia
$5.06K +$4.57K +193 New
LFG
58
Larson Financial Group
Missouri
$733 – – –
FIS
59
Fischer Investment Strategies
California
– -$1.25M -54,861 Closed
Baird Financial Group
60
Baird Financial Group
Wisconsin
– -$979K -42,824 Closed
KNW
61
Kesler Norman & Wride
Utah
– -$657K -28,746 Closed
DC
62
Davenport & Co
Virginia
– -$209K -9,126 Closed
B
63
Bensler
Washington
– -$200K -8,758 Closed
Legacy Financial Group (Iowa)
64
Legacy Financial Group (Iowa)
Iowa
– -$18.3K -800 Closed
GWM
65
Geneos Wealth Management
Colorado
– -$9.14K -400 Closed
AWA
66
Authentikos Wealth Advisory
California
– -$8.52K -373 Closed
Simplex Trading
67
Simplex Trading
Illinois
– -$2K -100 Closed
1 2
3

FRI Hedge Fund Activity: Q4 2023 in Review

58 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q4 2023, worth a combined $99M — up 26% from $78.4M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of FRI and 8 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 11 added.

The largest buyer was Morgan Stanley, adding an estimated $20M. The largest seller was LPL Financial, cutting an estimated $4.84M.

  • 58 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q4 2023, down from 59 in Q3 2023.
  • Funds reported $99M of First Trust S&P REIT Index Fund stock for Q4 2023, up 26% quarter-over-quarter.
  • 8 funds opened new First Trust S&P REIT Index Fund positions in Q4 2023 and 9 closed out, a net change of -1 holder.
  • The largest First Trust S&P REIT Index Fund buyer in Q4 2023 was Morgan Stanley, an estimated $20M added.
  • The largest First Trust S&P REIT Index Fund seller in Q4 2023 was LPL Financial, an estimated $4.84M sold.

Based on aggregated 13F filings for Q4 2023.