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First Trust NASDAQ-100 Technology Index Fund
QTEC

324 hedge funds and large institutions have $2.55B invested in First Trust NASDAQ-100 Technology Index Fund in 2024 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 108 increasing their positions, 116 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more call options, than puts

Call options by funds: $1.7M | Put options by funds: $591K

26% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 35

2% more funds holding

Funds holding: 319 → 324 (+5)

0% more funds holding in top 10

Funds holding in top 10: 15 → 15 (0)

0% less capital invested

Capital invested by funds: $2.56B → $2.55B (-$9.85M)

7% less repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 116

9.73% less ownership

Funds ownership: 73.53% → 63.8% (-9.7%)

Holders
324
Holders Change
+5
Holders Change %
+1.57%
% of All Funds
4.67%
Holding in Top 10
15
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.22%
New
44
Increased
108
Reduced
116
Closed
35
Calls
$1.7M
Puts
$591K
Net Calls
+$1.11M
Net Calls Change
+$2.22M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$27.3M
2
First Trust Advisors
First Trust Advisors
Illinois
+$15.4M
3
NP
Nilsine Partners
Colorado
+$13.3M
4
Citigroup
Citigroup
New York
+$10.5M
5
Wells Fargo
Wells Fargo
California
+$8.97M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$136M
2
MIH
Meitav Investment House
Israel
-$91.1M
3
KHLMVGHM
Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet
Israel
-$33.3M
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$19.3M
5
MCC
Money Concepts Capital
Florida
-$13.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
1
First Trust Advisors
Illinois
$813M +$15.4M +83,288 +2%
Wells Fargo
2
Wells Fargo
California
$169M +$8.97M +48,584 +6%
Morgan Stanley
3
Morgan Stanley
New York
$165M -$136M -738,460 -46%
LPL Financial
4
LPL Financial
California
$116M +$2.98M +16,120 +3%
Bank of America
5
Bank of America
North Carolina
$101M +$27.3M +147,670 +38%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$52.8M +$2.34M +12,661 +5%
UBS Group
7
UBS Group
Switzerland
$50.1M +$2.55M +13,837 +6%
RJA
8
Raymond James & Associates
Florida
$50M +$3.28M +17,745 +7%
RJFSA
9
Raymond James Financial Services Advisors
Florida
$43.1M -$19.3M -104,404 -32%
KIG
10
Kowal Investment Group
Wisconsin
$39.9M -$1.16M -6,296 -3%
JP Morgan Chase
11
JP Morgan Chase
New York
$38.1M -$1.15M -6,213 -3%
Ameriprise
12
Ameriprise
Minnesota
$33.6M -$5.66M -30,671 -15%
Osaic Holdings
13
Osaic Holdings
Arizona
$32.9M -$3.23M -17,513 -9%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$29.9M -$210K -1,137 -0.7%
SPWG
15
Syntegra Private Wealth Group
Missouri
$23.6M +$205K +1,109 +0.9%
Baird Financial Group
16
Baird Financial Group
Wisconsin
$23.4M -$165K -894 -0.7%
Truist Financial
17
Truist Financial
North Carolina
$23.2M -$706K -3,824 -3%
ODG
18
O'Dell Group
Ohio
$21.1M -$136K -737 -0.7%
Janney Montgomery Scott
19
Janney Montgomery Scott
Pennsylvania
$20.4M +$2.03M +11,013 +11%
NC
20
NewSquare Capital
Pennsylvania
$20.4M +$4.66M +25,253 +31%
RW
21
RVW Wealth
California
$20.3M -$510K -2,765 -3%
NA
22
NewEdge Advisors
Louisiana
$19.3M +$1.16M +6,302 +7%
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$18.2M +$752K +4,072 +4%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$17.8M +$3.47M +18,774 +25%
MCC
25
Money Concepts Capital
Florida
$17.7M -$13.4M -72,617 -44%
1
2 3 4 5

QTEC Hedge Fund Activity: Q1 2024 in Review

324 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ-100 Technology Index Fund (QTEC) for Q1 2024, worth a combined $2.55B — down 0.38% from $2.56B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new QTEC positions and 35 closed out — a net gain of 9 holders — while 108 added to existing stakes and 116 trimmed.

The largest buyer was Bank of America, adding an estimated $27.3M. The largest seller was Morgan Stanley, cutting an estimated $136M.

  • 324 institutional investors held First Trust NASDAQ-100 Technology Index Fund (QTEC) as of Q1 2024, up from 319 in Q4 2023.
  • Funds reported $2.55B of First Trust NASDAQ-100 Technology Index Fund stock for Q1 2024, down 0.38% quarter-over-quarter.
  • 44 funds opened new First Trust NASDAQ-100 Technology Index Fund positions in Q1 2024 and 35 closed out, a net change of +9 holders.
  • The largest First Trust NASDAQ-100 Technology Index Fund buyer in Q1 2024 was Bank of America, an estimated $27.3M added.
  • The largest First Trust NASDAQ-100 Technology Index Fund seller in Q1 2024 was Morgan Stanley, an estimated $136M sold.

Based on aggregated 13F filings for Q1 2024.