First Trust NASDAQ-100 Technology Index Fund
QTEC
48 hedge funds and large institutions have $123M invested in First Trust NASDAQ-100 Technology Index Fund in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 11 closing their positions.
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
9% less funds holding
Funds holding: 53 → 48 (-5)
18% less capital invested
Capital invested by funds: $150M → $123M (-$27.4M)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $6K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.08M |
| 2 |
Jane Street
New York
|
+$1.36M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$564K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$415K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$295K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWM
Biltmore Wealth Management
Tempe,
Arizona
|
-$3.69M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$3.62M |
| 3 |
WA
WESPAC Advisors
Orinda,
California
|
-$2.71M |
| 4 |
NA
Navellier & Associates
Reno,
Nevada
|
-$2.6M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$2.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Envestnet Asset Management
Chicago,
Illinois
| – | -$1.29M | -30,320 | Closed |
|
|
TH
52
Timber Hill
Greenwich,
Connecticut
| – | -$463K | -10,905 | Closed |
|
|
CS
53
Comerica Securities
Detroit,
Michigan
| – | -$410K | -9,655 | Closed |
|
|
FHC
54
First Heartland Consultants
Lake St. Louis,
Missouri
| – | -$264 | -6,221 | Closed |
|
|
FAAS
55
First Allied Advisory Services
San Diego,
California
| – | -$255K | -5,959 | Closed |
|
|
BL
56
Balentine LLC
Atlanta,
Georgia
| – | -$18K | -426 | Closed |
|
|
BFEC
57
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$17K | -390 | Closed |
|
|
NFG
58
Next Financial Group
Houston,
Texas
| – | -$4K | -100 | Closed |
|
QTEC Hedge Fund Activity: Q3 2015 in Review
48 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ-100 Technology Index Fund (QTEC) for Q3 2015, worth a combined $123M — down 18% from $150M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of QTEC and 7 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 17 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $2.08M. The largest seller was Biltmore Wealth Management, cutting an estimated $3.69M.
- 48 institutional investors held First Trust NASDAQ-100 Technology Index Fund (QTEC) as of Q3 2015, down from 53 in Q2 2015.
- Funds reported $123M of First Trust NASDAQ-100 Technology Index Fund stock for Q3 2015, down 18% quarter-over-quarter.
- 7 funds opened new First Trust NASDAQ-100 Technology Index Fund positions in Q3 2015 and 11 closed out, a net change of -4 holders.
- The largest First Trust NASDAQ-100 Technology Index Fund buyer in Q3 2015 was Raymond James Financial Services Advisors, an estimated $2.08M added.
- The largest First Trust NASDAQ-100 Technology Index Fund seller in Q3 2015 was Biltmore Wealth Management, an estimated $3.69M sold.
Based on aggregated 13F filings for Q3 2015.