First Trust S&P REIT Index Fund
FRI
55 hedge funds and large institutions have $79.1M invested in First Trust S&P REIT Index Fund in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 30 reducing their positions, and 7 closing their positions.
1.75% more ownership
Funds ownership: 65.18% → 66.93% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 61 → 55 (-6)
24% less capital inflows, than outflows
Capital inflows: $10.9M | Capital outflows: $14.3M
50% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 30
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$7.15M |
| 2 |
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
+$1.22M |
| 3 |
AFS
Aft Forsyth & Sober
Valrico,
Florida
|
+$228K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$215K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$126K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.01M |
| 2 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.63M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.38M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.36M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.34M |
FRI Hedge Fund Activity: Q2 2023 in Review
55 of the 6,389 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q2 2023, worth a combined $79.1M — down 3.1% from $81.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FRI and 2 opened new positions — a net loss of 5 holders — while 30 trimmed existing stakes and 15 added.
The largest buyer was LPL Financial, adding an estimated $7.15M. The largest seller was Morgan Stanley, cutting an estimated $3.01M.
- 55 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q2 2023, down from 61 in Q1 2023.
- Funds reported $79.1M of First Trust S&P REIT Index Fund stock for Q2 2023, down 3.1% quarter-over-quarter.
- 2 funds opened new First Trust S&P REIT Index Fund positions in Q2 2023 and 7 closed out, a net change of -5 holders.
- The largest First Trust S&P REIT Index Fund buyer in Q2 2023 was LPL Financial, an estimated $7.15M added.
- The largest First Trust S&P REIT Index Fund seller in Q2 2023 was Morgan Stanley, an estimated $3.01M sold.
Based on aggregated 13F filings for Q2 2023.