First Trust S&P REIT Index Fund
FRI
57 hedge funds and large institutions have $147M invested in First Trust S&P REIT Index Fund in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 17 closing their positions.
59.83% more ownership
Funds ownership: 0% → 59.83% (+60%)
17% less funds holding
Funds holding: 69 → 57 (-12)
32% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 25
37% less capital invested
Capital invested by funds: $234M → $147M (-$87.6M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
65% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.4M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.33M |
| 3 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$1.16M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$825K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$663K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$20.1M |
| 2 |
Morgan Stanley
New York
|
-$17.1M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$13.6M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$6.1M |
| 5 |
SAM
Shamrock Asset Management
Dallas,
Texas
|
-$5.98M |
FRI Hedge Fund Activity: Q4 2016 in Review
57 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q4 2016, worth a combined $147M — down 37% from $234M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of FRI and 6 opened new positions — a net loss of 11 holders — while 25 trimmed existing stakes and 17 added.
The largest buyer was Susquehanna International Group, adding an estimated $3.4M. The largest seller was Bank of America, cutting an estimated $20.1M.
- 57 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q4 2016, down from 69 in Q3 2016.
- Funds reported $147M of First Trust S&P REIT Index Fund stock for Q4 2016, down 37% quarter-over-quarter.
- 6 funds opened new First Trust S&P REIT Index Fund positions in Q4 2016 and 17 closed out, a net change of -11 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q4 2016 was Susquehanna International Group, an estimated $3.4M added.
- The largest First Trust S&P REIT Index Fund seller in Q4 2016 was Bank of America, an estimated $20.1M sold.
Based on aggregated 13F filings for Q4 2016.