First Trust NASDAQ-100 Technology Index Fund
QTEC
248 hedge funds and large institutions have $1.04B invested in First Trust NASDAQ-100 Technology Index Fund in 2023 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 66 increasing their positions, 87 reducing their positions, and 13 closing their positions.
162% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 13
26% more capital invested
Capital invested by funds: $825M → $1.04B (+$213M)
7% more funds holding
Funds holding: 231 → 248 (+17)
2.45% more ownership
Funds ownership: 51.27% → 53.73% (+2.5%)
20% less funds holding in top 10
Funds holding in top 10: 10 → 8 (-2)
24% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 87
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
+$15.6M |
| 2 |
Morgan Stanley
New York
|
+$14.1M |
| 3 |
MIM
Miller Investment Management
West Conshohocken,
Pennsylvania
|
+$11.8M |
| 4 |
WWA
WCG Wealth Advisors
Las Vegas,
Nevada
|
+$11.3M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RW
RVW Wealth
Los Angeles,
California
|
-$6.23M |
| 2 |
KHLMVGHM
Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet
Tel Aviv,
Israel
|
-$5.55M |
| 3 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$2.83M |
| 4 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$2.71M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$2.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
Jane Street
New York
| – | -$2.12M | -16,228 | Closed |
|
|
DFG
252
Delta Financial Group
Basking Ridge,
New Jersey
| – | -$461K | -3,535 | Closed |
|
|
FTUS
253
Flow Traders U.S.
New York
| – | -$451K | -3,457 | Closed |
|
254
Rockefeller Capital Management
New York
| – | -$413K | -3,170 | Closed |
|
|
SA
255
SFI Advisors
Montclair,
New Jersey
| – | -$288K | -2,206 | Closed |
|
|
CF
256
Centaurus Financial
Anaheim,
California
| – | -$239K | -1,832 | Closed |
|
|
SPC
257
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$228K | -1,749 | Closed |
|
|
OWA
258
Octavia Wealth Advisors
Cincinnati,
Ohio
| – | -$203K | -1,552 | Closed |
|
|
AAS
259
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$83.7K | -654 | Closed |
|
|
BBHC
260
Brown Brothers Harriman & Co
New York
| – | -$36.5K | -280 | Closed |
|
|
AF
261
Allworth Financial
Folsom,
California
| – | -$2.35K | -18 | Closed |
|
|
CWAF
262
Core Wealth Advisors (Florida)
Lakeland,
Florida
| – | -$1.04K | -8 | Closed |
|
QTEC Hedge Fund Activity: Q2 2023 in Review
248 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ-100 Technology Index Fund (QTEC) for Q2 2023, worth a combined $1.04B — up 26% from $825M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new QTEC positions and 13 closed out — a net gain of 21 holders — while 66 added to existing stakes and 87 trimmed.
The largest buyer was Meitav Investment House, adding an estimated $15.6M. The largest seller was RVW Wealth, cutting an estimated $6.23M.
- 248 institutional investors held First Trust NASDAQ-100 Technology Index Fund (QTEC) as of Q2 2023, up from 231 in Q1 2023.
- Funds reported $1.04B of First Trust NASDAQ-100 Technology Index Fund stock for Q2 2023, up 26% quarter-over-quarter.
- 34 funds opened new First Trust NASDAQ-100 Technology Index Fund positions in Q2 2023 and 13 closed out, a net change of +21 holders.
- The largest First Trust NASDAQ-100 Technology Index Fund buyer in Q2 2023 was Meitav Investment House, an estimated $15.6M added.
- The largest First Trust NASDAQ-100 Technology Index Fund seller in Q2 2023 was RVW Wealth, an estimated $6.23M sold.
Based on aggregated 13F filings for Q2 2023.