First Trust S&P REIT Index Fund
FRI
60 hedge funds and large institutions have $90.6M invested in First Trust S&P REIT Index Fund in 2022 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 29 reducing their positions, and 18 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.19% less ownership
Funds ownership: 68.34% → 68.15% (-0.19%)
14% less capital invested
Capital invested by funds: $106M → $90.6M (-$14.9M)
17% less funds holding
Funds holding: 72 → 60 (-12)
41% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 29
56% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.28M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$959K |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$559K |
| 4 |
Cerity Partners
New York
|
+$398K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$378K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.58M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.6M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.2M |
| 4 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$1.19M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$896K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPWG
76
Sage Private Wealth Group
Oakbrook Terrace,
Illinois
| – | -$5K | -218 | Closed |
|
77
Fidelity Investments
Boston,
Massachusetts
| – | -$4K | -207 | Closed |
|
78
Simplex Trading
Chicago,
Illinois
| – | -$1K | -76 | Closed |
|
FRI Hedge Fund Activity: Q4 2022 in Review
60 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q4 2022, worth a combined $90.6M — down 14% from $106M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FRI and 8 opened new positions — a net loss of 10 holders — while 29 trimmed existing stakes and 17 added.
The largest buyer was LPL Financial, adding an estimated $2.28M. The largest seller was Morgan Stanley, cutting an estimated $9.58M.
- 60 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q4 2022, down from 72 in Q3 2022.
- Funds reported $90.6M of First Trust S&P REIT Index Fund stock for Q4 2022, down 14% quarter-over-quarter.
- 8 funds opened new First Trust S&P REIT Index Fund positions in Q4 2022 and 18 closed out, a net change of -10 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q4 2022 was LPL Financial, an estimated $2.28M added.
- The largest First Trust S&P REIT Index Fund seller in Q4 2022 was Morgan Stanley, an estimated $9.58M sold.
Based on aggregated 13F filings for Q4 2022.