First Trust NASDAQ-100 Technology Index Fund
QTEC
43 hedge funds and large institutions have $130M invested in First Trust NASDAQ-100 Technology Index Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 21 reducing their positions, and 11 closing their positions.
8% less capital invested
Capital invested by funds: $140M → $130M (-$10.8M)
12% less funds holding
Funds holding: 49 → 43 (-6)
43% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 21
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$6.07M |
| 2 |
LPL Financial
San Diego,
California
|
+$5.13M |
| 3 |
Morgan Stanley
New York
|
+$1.43M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$1.32M |
| 5 |
Jane Street
New York
|
+$391K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$7.39M |
| 2 |
BWM
Biltmore Wealth Management
Tempe,
Arizona
|
-$4.06M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.75M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.05M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.94M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EDRH
51
Edmond de Rothschild Holding
Chambesy,
Switzerland
| – | -$38K | -900 | Closed |
|
52
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$12 | -287 | Closed |
|
|
AIA
53
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$1K | -35 | Closed |
|
QTEC Hedge Fund Activity: Q1 2016 in Review
43 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ-100 Technology Index Fund (QTEC) for Q1 2016, worth a combined $130M — down 7.7% from $140M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of QTEC and 5 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 12 added.
The largest buyer was Goldman Sachs, adding an estimated $6.07M. The largest seller was Bank of America, cutting an estimated $7.39M.
- 43 institutional investors held First Trust NASDAQ-100 Technology Index Fund (QTEC) as of Q1 2016, down from 49 in Q4 2015.
- Funds reported $130M of First Trust NASDAQ-100 Technology Index Fund stock for Q1 2016, down 7.7% quarter-over-quarter.
- 5 funds opened new First Trust NASDAQ-100 Technology Index Fund positions in Q1 2016 and 11 closed out, a net change of -6 holders.
- The largest First Trust NASDAQ-100 Technology Index Fund buyer in Q1 2016 was Goldman Sachs, an estimated $6.07M added.
- The largest First Trust NASDAQ-100 Technology Index Fund seller in Q1 2016 was Bank of America, an estimated $7.39M sold.
Based on aggregated 13F filings for Q1 2016.