First Trust S&P REIT Index Fund
FRI
45 hedge funds and large institutions have $70.4M invested in First Trust S&P REIT Index Fund in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 10 closing their positions.
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
7.94% more ownership
Funds ownership: 52.77% → 60.72% (+7.9%)
6% more capital invested
Capital invested by funds: $66.3M → $70.4M (+$4.06M)
0% more funds holding
Funds holding: 45 → 45 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
29% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFA
Pinnacle Family Advisors
Springfield,
Missouri
|
+$5.8M |
| 2 |
Morgan Stanley
New York
|
+$5.04M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.01M |
| 4 |
MCM
Mainstay Capital Management
Grand Blanc,
Michigan
|
+$1.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$4.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.81M |
| 3 |
BCM
Breiter Capital Management
Bradenton,
Florida
|
-$1.75M |
| 4 |
Jane Street
New York
|
-$1.18M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$832K |
FRI Hedge Fund Activity: Q4 2018 in Review
45 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q4 2018, worth a combined $70.4M — up 6.1% from $66.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FRI positions and 10 closed out — a net gain of 1 holder — while 10 added to existing stakes and 14 trimmed.
The largest buyer was Pinnacle Family Advisors, adding an estimated $5.8M. The largest seller was LPL Financial, cutting an estimated $4.8M.
- 45 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q4 2018, unchanged from Q3 2018.
- Funds reported $70.4M of First Trust S&P REIT Index Fund stock for Q4 2018, up 6.1% quarter-over-quarter.
- 11 funds opened new First Trust S&P REIT Index Fund positions in Q4 2018 and 10 closed out, a net change of +1 holder.
- The largest First Trust S&P REIT Index Fund buyer in Q4 2018 was Pinnacle Family Advisors, an estimated $5.8M added.
- The largest First Trust S&P REIT Index Fund seller in Q4 2018 was LPL Financial, an estimated $4.8M sold.
Based on aggregated 13F filings for Q4 2018.