First Trust S&P REIT Index Fund
FRI
53 hedge funds and large institutions have $114M invested in First Trust S&P REIT Index Fund in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 11 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 14
18% more capital invested
Capital invested by funds: $96.3M → $114M (+$17.2M)
0% more funds holding
Funds holding: 53 → 53 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
0.78% less ownership
Funds ownership: 62.33% → 61.55% (-0.78%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.2M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.22M |
| 3 |
Morgan Stanley
New York
|
+$2.52M |
| 4 |
FEM
Fulcrum Equity Management
Plano,
Texas
|
+$1.6M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$926K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$1.7M |
| 2 |
HIS
Harvest Investment Services
Oakbrook Terrace,
Illinois
|
-$1.57M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$817K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$372K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$348K |
FRI Hedge Fund Activity: Q3 2019 in Review
53 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q3 2019, worth a combined $114M — up 18% from $96.3M a quarter earlier.
Fund positioning in FRI was balanced in Q3 2019: 11 funds opened new positions, 11 closed out, 17 added to existing stakes and 14 trimmed.
The largest buyer was Bank of America, adding an estimated $4.2M. The largest seller was Virtu Financial, exiting entirely with an estimated $1.7M sold.
- 53 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q3 2019, unchanged from Q2 2019.
- Funds reported $114M of First Trust S&P REIT Index Fund stock for Q3 2019, up 18% quarter-over-quarter.
- 11 funds opened new First Trust S&P REIT Index Fund positions in Q3 2019 and 11 closed out, a net change of 0 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q3 2019 was Bank of America, an estimated $4.2M added.
- The largest First Trust S&P REIT Index Fund seller in Q3 2019 was Virtu Financial, an estimated $1.7M sold.
Based on aggregated 13F filings for Q3 2019.