First Trust S&P REIT Index Fund
FRI
58 hedge funds and large institutions have $99M invested in First Trust S&P REIT Index Fund in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 31 reducing their positions, and 9 closing their positions.
26% more capital invested
Capital invested by funds: $78.4M → $99M (+$20.6M)
11.7% more ownership
Funds ownership: 68.73% → 80.43% (+12%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 59 → 58 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
65% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$20M |
| 2 |
Cerity Partners
New York
|
+$379K |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$229K |
| 4 |
SWA
Stratos Wealth Advisors
Beachwood,
Ohio
|
+$212K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$191K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$4.84M |
| 2 |
FIS
Fischer Investment Strategies
Westlake Village,
California
|
-$1.25M |
| 3 |
AFS
Aft Forsyth & Sober
Valrico,
Florida
|
-$1.18M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$979K |
| 5 |
KNW
Kesler Norman & Wride
Ogden,
Utah
|
-$657K |
FRI Hedge Fund Activity: Q4 2023 in Review
58 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust S&P REIT Index Fund (FRI) for Q4 2023, worth a combined $99M — up 26% from $78.4M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FRI and 8 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 11 added.
The largest buyer was Morgan Stanley, adding an estimated $20M. The largest seller was LPL Financial, cutting an estimated $4.84M.
- 58 institutional investors held First Trust S&P REIT Index Fund (FRI) as of Q4 2023, down from 59 in Q3 2023.
- Funds reported $99M of First Trust S&P REIT Index Fund stock for Q4 2023, up 26% quarter-over-quarter.
- 8 funds opened new First Trust S&P REIT Index Fund positions in Q4 2023 and 9 closed out, a net change of -1 holder.
- The largest First Trust S&P REIT Index Fund buyer in Q4 2023 was Morgan Stanley, an estimated $20M added.
- The largest First Trust S&P REIT Index Fund seller in Q4 2023 was LPL Financial, an estimated $4.84M sold.
Based on aggregated 13F filings for Q4 2023.