First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW • NASDAQ

First Trust NASDAQ-100 Equal Weighted Index Fund is an exchange-traded fund on NASDAQ. As of Q3 2025, 217 institutional investors hold shares in this ETF, with total holdings valued at $1.1B. MORGAN STANLEY is the largest holder with a position valued at $216.1M.

Overview

Overview of institutional ownership in QQEW as of Q3 2025

All Institutions

Institutions: 217
Value Held: $1.1B
Shares Held: 7.9M
Avg Position: $5.1M
Median Position: $595.8K

Hedge Funds

Hedge Funds: 2
Value Held: $6.7M
Shares Held: 47.7K
Avg Position: $3.4M
Median Position: $3.4M

Biggest Investors

Institutions with the largest positions in QQEW as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$216.1M 0.01% of portfolio	1.5M shares	Q4 2022 Held for 2y 11m	$1.65T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$139.4M 0.03% of portfolio	987.8K shares	Q4 2022 Held for 2y 11m	$488.50B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$113.0M 0.04% of portfolio	801.1K shares	Q4 2024 Held for 11 months	$310.43B
L LPL Financial LLC Institution	-	$95.4M 0.03% of portfolio	676.1K shares	Q4 2022 Held for 2y 11m	$340.07B
UBS Group AG Institution	Sergio P. Ermotti CEO	$38.3M 0.01% of portfolio	271.4K shares	Q4 2022 Held for 2y 11m	$511.54B
Gratus Wealth Advisors, LLC RIA/Wealth	Cline Edward Reasor Owner	$37.9M 5.34% of portfolio	268.6K shares	Q4 2023 Held for 1y 11m	$710.3M
S STIFEL FINANCIAL CORP Long Only Manager	Adam Vartan Topalian CIO	$24.8M 0.02% of portfolio	175.9K shares	Q4 2022 Held for 2y 11m	$109.37B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$21.3M 0.00% of portfolio	150.8K shares	Q4 2022 Held for 2y 11m	$1.33T
A Advisor Group Holdings, Inc. Institution	-	$19.7M 0.03% of portfolio	142.6K shares	Q4 2022 Held for 2y 11m	$71.0B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$18.1M 0.02% of portfolio	128.3K shares	Q4 2022 Held for 2y 11m	$85.4B

Net Capital Flow

Institutional buying and selling activity for QQEW in Q3 2025

Traded: −$25.8M
Buyers: 81
Sellers: 100
Total Bought: +$68.6M
Total Sold: −$94.4M
Avg Position: $4.5M

Biggest Buyers

Institution	Net Bought	Current Position
MML INVESTORS SERVICES, LLC RIA/Wealth	+$10.2M +-1.1K shares	$10.2M 72.3K shares
G Granite Bay Wealth Management, LLC RIA/Wealth	+$7.9M +55.6K shares	$7.9M 55.6K shares
Frisch Financial Group, Inc. RIA/Wealth	+$7.5M +-456.0 shares	$7.5M 53.3K shares
GOLDMAN SACHS GROUP INC Institution	+$4.3M +30.2K shares	$4.3M 30.2K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$3.7M +26.1K shares	$3.7M 26.1K shares
POLEN CAPITAL MANAGEMENT LLC Long Only Manager	+$3.2M +22.5K shares	$3.2M 22.5K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$3.0M +21.6K shares	$3.0M 21.6K shares
A Advisor Group Holdings, Inc. Institution	+$3.0M +21.7K shares	$19.7M 142.6K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	+$3.0M +21.1K shares	$3.1M 21.7K shares
Strategic Blueprint, LLC RIA/Wealth	+$2.7M +19.0K shares	$15.6M 110.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$17.5M −124.1K shares	$113.0M 801.1K shares
A Atlas Private Wealth Advisors RIA/Wealth	−$17.1M −121.2K shares	$3.3M 23.2K shares
G GTS SECURITIES LLC Institution	−$13.7M −100.5K shares	Sold Off 0 shares
GGM Financials LLC RIA/Wealth	−$11.9M −87.5K shares	Sold Off 0 shares
Vestmark Advisory Solutions, Inc. Fund of Funds	−$4.5M −31.6K shares	$4.1M 29.4K shares
UBS Group AG Institution	−$2.7M −18.9K shares	$38.3M 271.4K shares
BANK OF AMERICA CORP /DE/ Institution	−$2.2M −15.5K shares	$21.3M 150.8K shares
FOUNDERS FINANCIAL SECURITIES LLC RIA/Wealth	−$2.1M −14.7K shares	$598.6K 4.2K shares
L LPL Financial LLC Institution	−$2.0M −14.4K shares	$95.4M 676.1K shares
MORGAN STANLEY RIA/Wealth	−$2.0M −14.1K shares	$216.1M 1.5M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited QQEW in Q3 2025

New Positions: 13
New Value: $29.2M
Exited Positions: 27
Exited Value: $34.1M

New Positions

Institution	Position Value
MML INVESTORS SERVICES, LLC RIA/Wealth	$10.2M 72.3K shares
G Granite Bay Wealth Management, LLC RIA/Wealth	$7.9M 55.6K shares
Frisch Financial Group, Inc. RIA/Wealth	$7.5M 53.3K shares
POLEN CAPITAL MANAGEMENT LLC Long Only Manager	$3.2M 22.5K shares
O Optiver Holding B.V. Institution	$181.3K 1.3K shares
NBC SECURITIES, INC. RIA/Wealth	$175.4K 1.2K shares
Golden State Wealth Management, LLC RIA/Wealth	$61.7K 437.0 shares
A Avalon Trust Co Institution	$31.8K 225.0 shares
P Pillar Financial Advisors, LLC RIA/Wealth	$10.6K 75.0 shares
ALBION FINANCIAL GROUP /UT RIA/Wealth	$1.7K 12.0 shares

Exited Positions

Institution	Previous Position
G GTS SECURITIES LLC Institution	$13.7M 100.5K shares
GGM Financials LLC RIA/Wealth	$11.9M 87.5K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$1.1M 7.8K shares
OPPENHEIMER & CO INC RIA/Wealth	$920.2K 6.7K shares
Glenmede Investment Management, LP Long Only Manager	$846.9K 6.2K shares
NOVEM GROUP RIA/Wealth	$758.9K 5.6K shares
O OLD MISSION CAPITAL LLC Institution	$725.9K 5.3K shares
BlueChip Wealth Advisors LLC RIA/Wealth	$644.0K 4.7K shares
Sigma Planning Corp RIA/Wealth	$592.0K 4.3K shares
CITIZENS FINANCIAL GROUP INC/RI Institution	$372.1K 2.7K shares

Options Activity

Institutions with the largest Call and Put options positions in QQEW as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with QQEW as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
J JP Wealth Management, Inc. RIA/Wealth	Mark Perlson President	11.99% $17.8M	126.3K shares	Q4 2024 Held for 11 months	$148.6M
Gratus Wealth Advisors, LLC RIA/Wealth	Cline Edward Reasor Owner	5.34% $37.9M	268.6K shares	Q4 2023 Held for 1y 11m	$710.3M
Harwood Advisory Group, LLC RIA/Wealth	Michael Thomas Sorrentino Managing Partner	2.45% $7.5M	53.2K shares	Q4 2022 Held for 2y 11m	$306.7M
Virtus Wealth Solutions LLC RIA/Wealth	Devang M. Patel Member	2.29% $12.1M	85.9K shares	Q4 2024 Held for 11 months	$530.6M
G Granite Bay Wealth Management, LLC RIA/Wealth	Joseph Robert Skees Member	2.05% $7.9M	55.6K shares	Q3 2025 Held for 2 months	$383.8M
D Davis Investment Partners, LLC RIA/Wealth	Victor James Davis Managing Partner	1.98% $5.8M	40.9K shares	Q4 2022 Held for 2y 11m	$293.0M
Sound Financial Strategies Group, LLC RIA/Wealth	Craig Alan Rottman Managing Partner	1.98% $2.7M	19.0K shares	Q1 2025 Held for 8 months	$135.8M
Frisch Financial Group, Inc. RIA/Wealth	Scott Allen Hayes President	1.75% $7.5M	53.3K shares	Q3 2025 Held for 2 months	$428.8M
N New England Private Wealth Advisors LLC RIA/Wealth	Nicholas Anthony Mazorra CIO	1.29% $9.8M	69.6K shares	Q4 2022 Held for 2y 11m	$758.8M
A AIFG Consultants Ltd. Institution	-	1.28% $718.0K	5.1K shares	Q1 2023 Held for 2y 8m	$56.0M

Hedge Fund Spotlight

Discover hedge funds investing in QQEW

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in First Trust NASDAQ-100 Equal Weighted Index Fund

Market Value: $3.0M
Shares Held: 21.6K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%