First Trust S&P REIT Index Fund
FRI
48 hedge funds and large institutions have $153M invested in First Trust S&P REIT Index Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 8 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
7% more capital invested
Capital invested by funds: $144M → $153M (+$9.85M)
6% less funds holding
Funds holding: 51 → 48 (-3)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.2M |
| 2 |
Morgan Stanley
New York
|
+$2.84M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.08M |
| 4 |
HA
Hays Advisory
Franklin,
Tennessee
|
+$2.03M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$5.97M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.78M |
| 3 |
VF
Virtu Financial
New York
|
-$1.47M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.36M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.19M |
FRI Hedge Fund Activity: Q1 2016 in Review
48 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q1 2016, worth a combined $153M — up 6.9% from $144M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FRI and 6 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 20 added.
The largest buyer was Wells Fargo, adding an estimated $3.2M. The largest seller was Bank of America, cutting an estimated $5.97M.
- 48 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q1 2016, down from 51 in Q4 2015.
- Funds reported $153M of First Trust S&P REIT Index Fund stock for Q1 2016, up 6.9% quarter-over-quarter.
- 6 funds opened new First Trust S&P REIT Index Fund positions in Q1 2016 and 8 closed out, a net change of -2 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q1 2016 was Wells Fargo, an estimated $3.2M added.
- The largest First Trust S&P REIT Index Fund seller in Q1 2016 was Bank of America, an estimated $5.97M sold.
Based on aggregated 13F filings for Q1 2016.