First Trust S&P REIT Index Fund
FRI
53 hedge funds and large institutions have $80.1M invested in First Trust S&P REIT Index Fund in 2017 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 27 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2% more funds holding
Funds holding: 52 → 53 (+1)
9% less ownership
Funds ownership: 58.54% → 49.54% (-9%)
36% less capital invested
Capital invested by funds: $125M → $80.1M (-$45.3M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
56% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.62M |
| 2 |
Jane Street
New York
|
+$733K |
| 3 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$335K |
| 4 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$305K |
| 5 |
TSS
Two Sigma Securities
New York
|
+$296K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$15.6M |
| 2 |
PFA
Pinnacle Family Advisors
Springfield,
Missouri
|
-$9.76M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$6.86M |
| 4 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$5.5M |
| 5 |
LPL Financial
San Diego,
California
|
-$4.58M |
FRI Hedge Fund Activity: Q4 2017 in Review
53 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q4 2017, worth a combined $80.1M — down 36% from $125M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FRI positions and 7 closed out — a net gain of 1 holder — while 12 added to existing stakes and 27 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $1.62M. The largest seller was BB&T Securities, exiting entirely with an estimated $15.6M sold.
- 53 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q4 2017, up from 52 in Q3 2017.
- Funds reported $80.1M of First Trust S&P REIT Index Fund stock for Q4 2017, down 36% quarter-over-quarter.
- 8 funds opened new First Trust S&P REIT Index Fund positions in Q4 2017 and 7 closed out, a net change of +1 holder.
- The largest First Trust S&P REIT Index Fund buyer in Q4 2017 was Envestnet Asset Management, an estimated $1.62M added.
- The largest First Trust S&P REIT Index Fund seller in Q4 2017 was BB&T Securities, an estimated $15.6M sold.
Based on aggregated 13F filings for Q4 2017.