First Trust S&P REIT Index Fund
FRI
61 hedge funds and large institutions have $80.8M invested in First Trust S&P REIT Index Fund in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 9 closing their positions.
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
2% more funds holding
Funds holding: 60 → 61 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.97% less ownership
Funds ownership: 68.15% → 65.18% (-3%)
11% less capital invested
Capital invested by funds: $90.6M → $80.8M (-$9.82M)
21% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.32M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$741K |
| 3 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
+$399K |
| 4 |
RFWA
RPg Family Wealth Advisory
Burlington,
Massachusetts
|
+$346K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$274K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$3.19M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.42M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.27M |
| 4 |
Morgan Stanley
New York
|
-$2.02M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$1.6M |
FRI Hedge Fund Activity: Q1 2023 in Review
61 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q1 2023, worth a combined $80.8M — down 11% from $90.6M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FRI positions and 9 closed out — a net gain of 2 holders — while 19 added to existing stakes and 24 trimmed.
The largest buyer was LPL Financial, adding an estimated $2.32M. The largest seller was Stifel Financial, cutting an estimated $3.19M.
- 61 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q1 2023, up from 60 in Q4 2022.
- Funds reported $80.8M of First Trust S&P REIT Index Fund stock for Q1 2023, down 11% quarter-over-quarter.
- 11 funds opened new First Trust S&P REIT Index Fund positions in Q1 2023 and 9 closed out, a net change of +2 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q1 2023 was LPL Financial, an estimated $2.32M added.
- The largest First Trust S&P REIT Index Fund seller in Q1 2023 was Stifel Financial, an estimated $3.19M sold.
Based on aggregated 13F filings for Q1 2023.