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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$15.9M |
| 2 |
KIG
Kowal Investment Group
Brookfield,
Wisconsin
|
+$6.97M |
| 3 |
CWP
Cyndeo Wealth Partners
St. Petersburg,
Florida
|
+$5.46M |
| 4 |
NA
Navellier & Associates
Reno,
Nevada
|
+$4M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
-$11.5M |
| 2 |
RW
RVW Wealth
Los Angeles,
California
|
-$7.01M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$5.73M |
| 4 |
HF
HRT Financial
New York
|
-$5.3M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$3.86M |
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.