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First Trust NASDAQ-100 Technology Index Fund
QTEC

231 hedge funds and large institutions have $825M invested in First Trust NASDAQ-100 Technology Index Fund in 2023 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 55 increasing their positions, 84 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more funds holding in top 10

Funds holding in top 10: 7 → 10 (+3)

38% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 21

18% more capital invested

Capital invested by funds: $698M → $825M (+$127M)

1% more funds holding

Funds holding: 228 → 231 (+3)

0.55% more ownership

Funds ownership: 50.72% → 51.27% (+0.55%)

35% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 84

Holders
231
Holders Change
+3
Holders Change %
+1.32%
% of All Funds
3.68%
Holding in Top 10
10
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+42.86%
% of All Funds
0.16%
New
29
Increased
55
Reduced
84
Closed
21
Calls
$566K
Puts
–
Net Calls
+$566K
Net Calls Change
-$110K

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$15.9M
2
KIG
Kowal Investment Group
Wisconsin
+$6.97M
3
CWP
Cyndeo Wealth Partners
Florida
+$5.46M
4
NA
Navellier & Associates
Nevada
+$4M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$3.62M

Top Sellers

Rank Fund Capital Flow
1
MIH
Meitav Investment House
Israel
-$11.5M
2
RW
RVW Wealth
California
-$7.01M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$5.73M
4
HF
HRT Financial
New York
-$5.3M
5
Wells Fargo
Wells Fargo
California
-$3.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
WF
151
Welch & Forbes
Massachusetts
$325K – – –
OPA
152
Old Port Advisors
Maine
$324K – – –
PVM
153
Palogic Value Management
Texas
$313K – – –
CS
154
Comerica Securities
Michigan
$306K -$599 -5 -0.2%
BMC
155
Beaton Management Company
Massachusetts
$294K – – –
SA
156
SFI Advisors
New Jersey
$288K -$263K -2,191 -50%
MA
157
Mezzasalma Advisors
New Jersey
$283K – – –
WFA
158
WMG Financial Advisors
Tennessee
$276K -$24.9K -208 -9%
CFB
159
Cullen/Frost Bankers
Texas
$275K – – –
AFAS
160
Acorn Financial Advisory Services
Virginia
$267K +$2.04K +17 +0.8%
Fidelity Investments
161
Fidelity Investments
Massachusetts
$266K -$30.6K -255 -11%
DC
162
Davenport & Co
Virginia
$263K – – –
BCM
163
Brookstone Capital Management
Illinois
$260K +$247K +2,064 New
BF
164
BOK Financial
Oklahoma
$258K – – –
CAM
165
Columbia Asset Management
Michigan
$257K – – –
Bank of New York Mellon
166
Bank of New York Mellon
New York
$249K -$364K -3,039 -61%
BlackRock
167
BlackRock
New York
$247K – – –
TA
168
TruWealth Advisors
Louisiana
$245K +$225K +1,874 New
CAPTRUST Financial Advisors
169
CAPTRUST Financial Advisors
North Carolina
$240K +$220K +1,838 New
AWM
170
Apollon Wealth Management
South Carolina
$240K -$47.3K -395 -18%
CF
171
Centaurus Financial
California
$239K +$220K +1,832 New
CB
172
Commerce Bank
Missouri
$233K +$214K +1,787 New
PPWM
173
Paragon Private Wealth Management
Kentucky
$231K -$111K -930 -34%
FAIM
174
Financial Advocates Investment Management
Washington
$229K -$106K -885 -33%
SPC
175
Sigma Planning Corp
Michigan
$228K +$210K +1,749 New
5 6
7
8 9

QTEC Hedge Fund Activity: Q1 2023 in Review

231 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ-100 Technology Index Fund (QTEC) for Q1 2023, worth a combined $825M — up 18% from $698M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new QTEC positions and 21 closed out — a net gain of 8 holders — while 55 added to existing stakes and 84 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $15.9M. The largest seller was Meitav Investment House, cutting an estimated $11.5M.

  • 231 institutional investors held First Trust NASDAQ-100 Technology Index Fund (QTEC) as of Q1 2023, up from 228 in Q4 2022.
  • Funds reported $825M of First Trust NASDAQ-100 Technology Index Fund stock for Q1 2023, up 18% quarter-over-quarter.
  • 29 funds opened new First Trust NASDAQ-100 Technology Index Fund positions in Q1 2023 and 21 closed out, a net change of +8 holders.
  • The largest First Trust NASDAQ-100 Technology Index Fund buyer in Q1 2023 was JP Morgan Chase, an estimated $15.9M added.
  • The largest First Trust NASDAQ-100 Technology Index Fund seller in Q1 2023 was Meitav Investment House, an estimated $11.5M sold.

Based on aggregated 13F filings for Q1 2023.