First Trust S&P REIT Index Fund
FRI
62 hedge funds and large institutions have $77.9M invested in First Trust S&P REIT Index Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 25 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
7% more funds holding
Funds holding: 58 → 62 (+4)
15.84% less ownership
Funds ownership: 80.43% → 64.59% (-16%)
21% less capital invested
Capital invested by funds: $99M → $77.9M (-$21.2M)
28% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 25
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$3.08M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$1.18M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$653K |
| 4 |
BCA
Bay Colony Advisors
Concord,
Massachusetts
|
+$577K |
| 5 |
HIC
Hartline Investment Corp
Winnetka,
Illinois
|
+$577K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$18.2M |
| 2 |
LPL Financial
San Diego,
California
|
-$6.08M |
| 3 |
MHS
M Holdings Securities
Portland,
Oregon
|
-$579K |
| 4 |
Goldman Sachs
New York
|
-$442K |
| 5 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$358K |
FRI Hedge Fund Activity: Q1 2024 in Review
62 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q1 2024, worth a combined $77.9M — down 21% from $99M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FRI positions and 6 closed out — a net gain of 4 holders — while 18 added to existing stakes and 25 trimmed.
The largest buyer was UBS Group, adding an estimated $3.08M. The largest seller was Morgan Stanley, cutting an estimated $18.2M.
- 62 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q1 2024, up from 58 in Q4 2023.
- Funds reported $77.9M of First Trust S&P REIT Index Fund stock for Q1 2024, down 21% quarter-over-quarter.
- 10 funds opened new First Trust S&P REIT Index Fund positions in Q1 2024 and 6 closed out, a net change of +4 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q1 2024 was UBS Group, an estimated $3.08M added.
- The largest First Trust S&P REIT Index Fund seller in Q1 2024 was Morgan Stanley, an estimated $18.2M sold.
Based on aggregated 13F filings for Q1 2024.