First Trust NASDAQ 100 ex-Technology Sector Index Fund
QQXT
50 hedge funds and large institutions have $150M invested in First Trust NASDAQ 100 ex-Technology Sector Index Fund in 2023 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
62% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 13
37% more capital invested
Capital invested by funds: $109M → $150M (+$40.5M)
11% more funds holding
Funds holding: 45 → 50 (+5)
2.56% less ownership
Funds ownership: 78.4% → 75.84% (-2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$7.78M |
| 2 |
Morgan Stanley
New York
|
+$7.64M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$5.93M |
| 4 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$4.32M |
| 5 |
MTWM
Masso Torrence Wealth Management
Marlton,
New Jersey
|
+$3.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.17M |
| 2 |
Goldman Sachs
New York
|
-$2.01M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.35M |
| 4 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$675K |
| 5 |
WFA
WMG Financial Advisors
Knoxville,
Tennessee
|
-$329K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Goldman Sachs
New York
| – | -$2.01M | -24,380 | Closed |
|
|
IAIM
52
International Assets Investment Management
Orlando,
Florida
| – | -$675K | -4,995 | Closed |
|
53
Envestnet Asset Management
Chicago,
Illinois
| – | -$203K | -2,464 | Closed |
|
54
BlackRock
New York
| – | -$18.6K | -225 | Closed |
|
QQXT Hedge Fund Activity: Q2 2023 in Review
50 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ 100 ex-Technology Sector Index Fund (QQXT) for Q2 2023, worth a combined $150M — up 37% from $109M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new QQXT positions and 4 closed out — a net gain of 5 holders — while 21 added to existing stakes and 13 trimmed.
The largest buyer was LPL Financial, adding an estimated $7.78M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $2.17M.
- 50 institutional investors held First Trust NASDAQ 100 ex-Technology Sector Index Fund (QQXT) as of Q2 2023, up from 45 in Q1 2023.
- Funds reported $150M of First Trust NASDAQ 100 ex-Technology Sector Index Fund stock for Q2 2023, up 37% quarter-over-quarter.
- 9 funds opened new First Trust NASDAQ 100 ex-Technology Sector Index Fund positions in Q2 2023 and 4 closed out, a net change of +5 holders.
- The largest First Trust NASDAQ 100 ex-Technology Sector Index Fund buyer in Q2 2023 was LPL Financial, an estimated $7.78M added.
- The largest First Trust NASDAQ 100 ex-Technology Sector Index Fund seller in Q2 2023 was Raymond James Financial Services Advisors, an estimated $2.17M sold.
Based on aggregated 13F filings for Q2 2023.