First Trust S&P REIT Index Fund
FRI
49 hedge funds and large institutions have $146M invested in First Trust S&P REIT Index Fund in 2015 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 21 reducing their positions, and 13 closing their positions.
10.34% more ownership
Funds ownership: 59.05% → 69.39% (+10%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
14% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 21
17% less funds holding
Funds holding: 59 → 49 (-10)
31% less capital invested
Capital invested by funds: $213M → $146M (-$66.9M)
77% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$1.89M |
| 2 |
HA
Hays Advisory
Franklin,
Tennessee
|
+$1.69M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$906K |
| 4 |
Goldman Sachs
New York
|
+$750K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$12.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$9.55M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$4.51M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.96M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.93M |
FRI Hedge Fund Activity: Q2 2015 in Review
49 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q2 2015, worth a combined $146M — down 31% from $213M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FRI and 3 opened new positions — a net loss of 10 holders — while 21 trimmed existing stakes and 18 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $1.89M. The largest seller was Morgan Stanley, cutting an estimated $12.9M.
- 49 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q2 2015, down from 59 in Q1 2015.
- Funds reported $146M of First Trust S&P REIT Index Fund stock for Q2 2015, down 31% quarter-over-quarter.
- 3 funds opened new First Trust S&P REIT Index Fund positions in Q2 2015 and 13 closed out, a net change of -10 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q2 2015 was Virtu Financial, an estimated $1.89M added.
- The largest First Trust S&P REIT Index Fund seller in Q2 2015 was Morgan Stanley, an estimated $12.9M sold.
Based on aggregated 13F filings for Q2 2015.