First Trust NASDAQ Technology Dividend Index Fund

TDIV • NASDAQ

First Trust NASDAQ Technology Dividend Index Fund is an exchange-traded fund on NASDAQ. As of Q3 2025, 371 institutional investors hold shares in this ETF, with total holdings valued at $2.3B. LPL Financial LLC is the largest holder with a position valued at $275.5M.

Overview

Overview of institutional ownership in TDIV as of Q3 2025

All Institutions

Institutions: 371
Value Held: $2.3B
Shares Held: 23.0M
Avg Position: $6.1M
Median Position: $626.5K

Hedge Funds

Hedge Funds: 2
Value Held: $1.7M
Shares Held: 17.4K
Avg Position: $856.4K
Median Position: $856.4K

Biggest Investors

Institutions with the largest positions in TDIV as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
L LPL Financial LLC Institution	-	$275.5M 0.08% of portfolio	2.8M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$186.2M 0.01% of portfolio	1.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$146.7M 0.03% of portfolio	1.5M shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$134.0M 0.01% of portfolio	1.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$133.7M 0.04% of portfolio	1.4M shares	Q4 2024 Held for 11 months	$310.43B
UBS Group AG Institution	Sergio P. Ermotti CEO	$108.0M 0.02% of portfolio	1.1M shares	Q4 2014 Held for 10y 11m	$511.54B
MAINSTAY CAPITAL MANAGEMENT LLC /ADV RIA/Wealth	David Paul Kudla CEO	$94.8M 9.51% of portfolio	961.9K shares	Q3 2025 Held for 2 months	$997.6M
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$81.8M 0.02% of portfolio	829.2K shares	Q1 2017 Held for 8y 8m	$341.99B
R ROYAL BANK OF CANADA Institution	-	$55.4M 0.01% of portfolio	562.4K shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$47.8M 0.06% of portfolio	484.8K shares	Q4 2020 Held for 4y 11m	$85.4B

Net Capital Flow

Institutional buying and selling activity for TDIV in Q3 2025

Traded: +$144.4M
Buyers: 182
Sellers: 149
Total Bought: +$224.8M
Total Sold: −$80.4M
Avg Position: $5.7M

Biggest Buyers

Institution	Net Bought	Current Position
MAINSTAY CAPITAL MANAGEMENT LLC /ADV RIA/Wealth	+$94.8M +961.9K shares	$94.8M 961.9K shares
L LPL Financial LLC Institution	+$18.9M +191.3K shares	$275.5M 2.8M shares
IFP Advisors, Inc RIA/Wealth	+$13.0M +132.0K shares	$17.1M 173.5K shares
WELLS FARGO & COMPANY/MN Institution	+$11.2M +113.4K shares	$146.7M 1.5M shares
Cetera Investment Advisers RIA/Wealth	+$5.4M +55.3K shares	$47.8M 484.8K shares
Goss Wealth Management LLC RIA/Wealth	+$5.0M +50.4K shares	$22.4M 227.7K shares
Concorde Asset Management, LLC RIA/Wealth	+$4.9M +49.5K shares	$5.4M 54.4K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$4.9M +50.0K shares	$14.8M 150.0K shares
Synergy Financial Management, LLC RIA/Wealth	+$4.8M +52.1K shares	$7.3M 79.2K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	+$4.5M +46.1K shares	$25.3M 257.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$25.6M −284.3K shares	Sold Off 0 shares
Ethos Financial Group, LLC RIA/Wealth	−$7.3M −81.3K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$5.9M −59.4K shares	$186.2M 1.9M shares
Financial Advocates Investment Management RIA/Wealth	−$4.1M −46.0K shares	Sold Off 0 shares
AMERIPRISE FINANCIAL INC Institution	−$3.7M −37.0K shares	$40.7M 412.8K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$3.0M −30.2K shares	$133.7M 1.4M shares
PARK NATIONAL CORP /OH/ Institution	−$2.5M −25.7K shares	$26.5M 269.0K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$2.4M −24.0K shares	$81.8M 829.2K shares
WORLD EQUITY GROUP, INC. RIA/Wealth	−$2.3M −25.3K shares	Sold Off 0 shares
Private Wealth Group, LLC RIA/Wealth	−$1.8M −18.2K shares	$9.2M 93.2K shares

Entry and Exit Activity

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

New Positions: 22
New Value: $108.0M
Exited Positions: 26
Exited Value: $44.1M

New Positions

Institution	Position Value
MAINSTAY CAPITAL MANAGEMENT LLC /ADV RIA/Wealth	$94.8M 961.9K shares
Jackson Wealth Management, LLC RIA/Wealth	$2.6M 26.1K shares
E EWG Elevate Inc. Institution	$1.9M 19.5K shares
MARSHALL INVESTMENT MANAGEMENT, LLC RIA/Wealth	$1.9M 19.1K shares
Ausdal Financial Partners, Inc. RIA/Wealth	$1.6M 16.4K shares
B Blue Capital, Inc. RIA/Wealth	$1.5M 15.4K shares
CX Institutional RIA/Wealth	$702.7K 7.1K shares
LEE JOHNSON CAPITAL MANAGEMENT, LLC RIA/Wealth	$381.6K 3.9K shares
Sequoia Financial Advisors, LLC RIA/Wealth	$341.2K 3.5K shares
FIRST COMMONWEALTH FINANCIAL CORP /PA/ Institution	$322.7K 3.3K shares

Exited Positions

Institution	Previous Position
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$25.6M 284.3K shares
Ethos Financial Group, LLC RIA/Wealth	$7.3M 81.3K shares
Financial Advocates Investment Management RIA/Wealth	$4.1M 46.0K shares
WORLD EQUITY GROUP, INC. RIA/Wealth	$2.3M 25.3K shares
P Prostatis Group LLC Institution	$1.1M 11.8K shares
BAROMETER CAPITAL MANAGEMENT INC. Long Only Manager	$486.9K 5.4K shares
Q Quadrature Capital Ltd Institution	$467.6K 5.2K shares
O OLD MISSION CAPITAL LLC Institution	$421.7K 4.7K shares
Barry Investment Advisors, LLC RIA/Wealth	$368.5K 4.1K shares
Armis Advisers, LLC RIA/Wealth	$249.4K 2.8K shares

Options Activity

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

Call Positions: 1
Call Value: $266.2K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$266.2K 27.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
MAINSTAY CAPITAL MANAGEMENT LLC /ADV RIA/Wealth	David Paul Kudla CEO	9.51% $94.8M	961.9K shares	Q3 2025 Held for 2 months	$997.6M
C Cherry Creek Investment Advisors, Inc. RIA/Wealth	Patricia Anne Mcnamara President	5.89% $13.6M	138.1K shares	Q2 2021 Held for 4y 5m	$231.3M
Private Wealth Group, LLC RIA/Wealth	Stephen Frank Segundo Managing Partner	4.57% $9.2M	93.2K shares	Q3 2020 Held for 5y 2m	$201.0M
I ICAPITAL WEALTH LLC RIA/Wealth	Jarrett Alexander Brady Managing Partner	4.41% $8.0M	81.5K shares	Q4 2021 Held for 3y 11m	$182.0M
A AVAII WEALTH MANAGEMENT, LLC RIA/Wealth	Christian James Doule Managing Partner	4.17% $10.9M	111.0K shares	Q3 2024 Held for 1y 2m	$262.7M
Aprio Wealth Management, LLC RIA/Wealth	Keith M Greenwald Managing Partner	3.54% $35.6M	361.4K shares	Q1 2022 Held for 3y 8m	$1.0B
Flaharty Asset Management, LLC RIA/Wealth	Shon Edward Flaharty CEO	3.46% $27.3M	276.4K shares	Q2 2020 Held for 5y 5m	$787.2M
C COTTONWOOD CAPITAL ADVISORS, LLC RIA/Wealth	Matthew Donald Pappas Managing Partner	2.89% $4.0M	40.2K shares	Q4 2021 Held for 3y 11m	$137.3M
Crumly & Associates Inc. RIA/Wealth	Scott Michael Norris CEO	2.74% $12.5M	126.4K shares	Q3 2024 Held for 1y 2m	$455.6M
D DEFINED WEALTH MANAGEMENT, LLC RIA/Wealth	Joseph Edward Opsahl Managing Partner	2.65% $4.6M	46.3K shares	Q4 2020 Held for 4y 11m	$172.2M

Hedge Fund Spotlight

Discover hedge funds investing in TDIV

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in First Trust NASDAQ Technology Dividend Index Fund

Market Value: $1.4M
Shares Held: 14.3K
Portfolio Weight: 0.00%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%