First Trust Advisors LP

First Trust Advisors LP employs an active, low-turnover growth style, managing a broadly diversified portfolio of over 2,800 positions with a total AUM of $140.0 billion as of Q1 2026. The portfolio’s largest sector allocation is Technology at 25.1%, followed by Industrials at 17.4% and Financial Services at 13.8%, while the top 15 holdings are heavily weighted toward mega-cap tech names like NVIDIA, Cisco, and Broadcom, each representing roughly 1% of assets. The low single-digit weightings of the largest positions, with no single holding exceeding 1.3%, reveal a strategy of diversified conviction that avoids overconcentration in any one name despite a clear tilt toward growth-oriented technology and cybersecurity firms such as Palo Alto Networks and CrowdStrike.