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GRID

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

180 hedge funds and large institutions have $587M invested in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund in 2023 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 76 increasing their positions, 31 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

170% more call options, than puts

Call options by funds: $254K | Put options by funds: $94K

145% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 31

30% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 27

20% more capital invested

Capital invested by funds: $490M → $587M (+$97.3M)

3% more funds holding

Funds holding: 174180 (+6)

3.43% more ownership

Funds ownership: 54.19%57.62% (+3.4%)

50% less funds holding in top 10

Funds holding in top 10: 42 (-2)

Holders
180
Holders Change
+6
Holders Change %
+3.45%
% of All Funds
2.86%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
35
Increased
76
Reduced
31
Closed
27
Calls
$254K
Puts
$94K
Net Calls
+$160K
Net Calls Change
-$113K
Name Holding Trade Value Shares
Change
Change in
Stake
AssetMark Inc
1
AssetMark Inc
California
$102M +$110M +1,089,012 +608,387%
Morgan Stanley
2
Morgan Stanley
New York
$45.3M +$916K +9,071 +2%
Bank of America
3
Bank of America
North Carolina
$37.8M +$5.44M +53,904 +15%
LPL Financial
4
LPL Financial
California
$29.9M +$3.76M +37,232 +13%
B
5
Barings
North Carolina
$29.2M +$12.3M +122,206 +65%
RJFSA
6
Raymond James Financial Services Advisors
Florida
$27.2M +$2.4M +23,811 +9%
Osaic Holdings
7
Osaic Holdings
Arizona
$23.4M +$20.2M +200,226 +409%
UBS Group
8
UBS Group
Switzerland
$22.5M +$3.47M +34,353 +17%
Commonwealth Equity Services
9
Commonwealth Equity Services
Massachusetts
$20M -$565K -5,595 -3%
Wells Fargo
10
Wells Fargo
California
$18M +$1.82M +18,055 +10%
Jane Street
11
Jane Street
New York
$16.1M +$14.1M +139,809 +436%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$11M +$9.22M +91,289 +354%
Ameriprise
13
Ameriprise
Minnesota
$10.9M -$619K -6,131 -5%
AFA
14
Arlington Financial Advisors
California
$10.7M +$11.5M +113,720 New
KAS
15
Kestra Advisory Services
Texas
$9.85M +$3.2M +31,735 +43%
PAG
16
Private Advisor Group
New Jersey
$9.67M -$93.7K -928 -0.9%
PS
17
Portfolio Strategies
New York
$8.35M -$18.4M -182,343 -67%
Stifel Financial
18
Stifel Financial
Missouri
$7.83M +$126K +1,252 +2%
Cerity Partners
19
Cerity Partners
New York
$6.7M +$256K +2,539 +4%
Cambridge Investment Research Advisors
20
Cambridge Investment Research Advisors
Iowa
$6.1M +$1.33M +13,140 +25%
DS
21
Dudley & Shanley
Florida
$6.09M
MD
22
Money Design
Japan
$5.24M -$2.33M -23,051 -29%
CAM
23
Concorde Asset Management
Michigan
$5.01M +$5.19M +51,382 +2,569%
HighTower Advisors
24
HighTower Advisors
Illinois
$4.87M +$4.5M +44,578 +607%
RJA
25
Raymond James & Associates
Florida
$4.68M +$1.07M +10,622 +27%

GRID Hedge Fund Activity: Q3 2023 in Review

180 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) for Q3 2023, worth a combined $587M — up 20% from $490M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new GRID positions and 27 closed out — a net gain of 8 holders — while 76 added to existing stakes and 31 trimmed.

The largest buyer was AssetMark Inc, adding an estimated $110M. The largest seller was Mivtachim The Workers Social Insurance Fund, exiting entirely with an estimated $44.4M sold.

  • 180 institutional investors held First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) as of Q3 2023, up from 174 in Q2 2023.
  • Funds reported $587M of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund stock for Q3 2023, up 20% quarter-over-quarter.
  • 35 funds opened new First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund positions in Q3 2023 and 27 closed out, a net change of +8 holders.
  • The largest First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund buyer in Q3 2023 was AssetMark Inc, an estimated $110M added.
  • The largest First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund seller in Q3 2023 was Mivtachim The Workers Social Insurance Fund, an estimated $44.4M sold.

Based on aggregated 13F filings for Q3 2023.