First Trust S&P REIT Index Fund
FRI
48 hedge funds and large institutions have $55.7M invested in First Trust S&P REIT Index Fund in 2018 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 19 reducing their positions, and 12 closing their positions.
12.05% more ownership
Funds ownership: 43.75% → 55.8% (+12%)
2% more capital invested
Capital invested by funds: $54.5M → $55.7M (+$1.2M)
6% less funds holding
Funds holding: 51 → 48 (-3)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
47% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 19
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Peak Capital Management
Greenwood Village,
Colorado
|
+$3.88M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.86M |
| 3 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$2.57M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.86M |
| 5 |
BCM
Breiter Capital Management
Bradenton,
Florida
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$8.51M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$3.76M |
| 3 |
Morgan Stanley
New York
|
-$2.27M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.86M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.46M |
FRI Hedge Fund Activity: Q2 2018 in Review
48 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q2 2018, worth a combined $55.7M — up 2.2% from $54.5M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FRI and 9 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 10 added.
The largest buyer was Peak Capital Management, opening a new position worth an estimated $3.88M. The largest seller was Hays Advisory, cutting an estimated $8.51M.
- 48 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q2 2018, down from 51 in Q1 2018.
- Funds reported $55.7M of First Trust S&P REIT Index Fund stock for Q2 2018, up 2.2% quarter-over-quarter.
- 9 funds opened new First Trust S&P REIT Index Fund positions in Q2 2018 and 12 closed out, a net change of -3 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q2 2018 was Peak Capital Management, an estimated $3.88M added.
- The largest First Trust S&P REIT Index Fund seller in Q2 2018 was Hays Advisory, an estimated $8.51M sold.
Based on aggregated 13F filings for Q2 2018.