First Trust NASDAQ-100 Technology Index Fund
QTEC
190 hedge funds and large institutions have $1.6B invested in First Trust NASDAQ-100 Technology Index Fund in 2019 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 56 increasing their positions, 76 reducing their positions, and 15 closing their positions.
120% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 15
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
20% more capital invested
Capital invested by funds: $1.33B → $1.6B (+$268M)
10% more funds holding
Funds holding: 172 → 190 (+18)
1.53% less ownership
Funds ownership: 68.13% → 66.61% (-1.5%)
26% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 76
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Churchill Management
Los Angeles,
California
|
+$26M |
| 2 |
FEM
Fulcrum Equity Management
Plano,
Texas
|
+$23.3M |
| 3 |
NA
Navellier & Associates
Reno,
Nevada
|
+$18.1M |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$3.48M |
| 5 |
PA
Parallel Advisors
San Francisco,
California
|
+$3.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$65.6M |
| 2 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$14.6M |
| 3 |
Morgan Stanley
New York
|
-$13.8M |
| 4 |
LPL Financial
San Diego,
California
|
-$10.3M |
| 5 |
BFG
Barber Financial Group
Lenexa,
Kansas
|
-$3.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
US Bancorp
Minneapolis,
Minnesota
| – | -$7K | -107 | Closed |
|
|
W
202
WealthOne
Albany,
New York
| – | -$5K | -78 | Closed |
|
203
Parallax Volatility Advisers
San Francisco,
California
| – | -$1.16K | -15 | -94% |
|
204
Fidelity Investments
Boston,
Massachusetts
| – | -$232 | -3 | -75% |
|
QTEC Hedge Fund Activity: Q1 2019 in Review
190 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ-100 Technology Index Fund (QTEC) for Q1 2019, worth a combined $1.6B — up 20% from $1.33B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new QTEC positions and 15 closed out — a net gain of 18 holders — while 56 added to existing stakes and 76 trimmed.
The largest buyer was Churchill Management, opening a new position worth an estimated $26M. The largest seller was First Trust Advisors, cutting an estimated $65.6M.
- 190 institutional investors held First Trust NASDAQ-100 Technology Index Fund (QTEC) as of Q1 2019, up from 172 in Q4 2018.
- Funds reported $1.6B of First Trust NASDAQ-100 Technology Index Fund stock for Q1 2019, up 20% quarter-over-quarter.
- 33 funds opened new First Trust NASDAQ-100 Technology Index Fund positions in Q1 2019 and 15 closed out, a net change of +18 holders.
- The largest First Trust NASDAQ-100 Technology Index Fund buyer in Q1 2019 was Churchill Management, an estimated $26M added.
- The largest First Trust NASDAQ-100 Technology Index Fund seller in Q1 2019 was First Trust Advisors, an estimated $65.6M sold.
Based on aggregated 13F filings for Q1 2019.