First Trust Multi Cap Value AlphaDEX Fund
FAB
31 hedge funds and large institutions have $50M invested in First Trust Multi Cap Value AlphaDEX Fund in 2016 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 9 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
2.83% less ownership
Funds ownership: 48.58% → 45.74% (-2.8%)
21% less capital invested
Capital invested by funds: $63.2M → $50M (-$13.2M)
23% less funds holding
Funds holding: 40 → 31 (-9)
89% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
+$3.15M |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$1.66M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$991K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$393K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$84.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$5.35M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$4.65M |
| 3 |
Morgan Stanley
New York
|
-$3.3M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $43K | – | – | – |
|
|
MFS
27
MSI Financial Services
Springfield,
Massachusetts
| $42K | – | – | – |
|
28
US Bancorp
Minneapolis,
Minnesota
| $28K | – | – | – |
|
|
AIG
29
American International Group
New York
| $18K | -$6.8K | -173 | -29% |
|
|
WEC
30
Winslow Evans & Crocker
Boston,
Massachusetts
| $17.2K | – | – | – |
|
|
31
Jane Street
New York
| – | -$5.35M | -131,226 | Closed |
|
|
CS
32
Credit Suisse
Zurich,
Switzerland
| – | -$4.65M | -114,094 | Closed |
|
33
Ameriprise
Minneapolis,
Minnesota
| – | -$1.31M | -32,265 | Closed |
|
|
VKH
34
Virtu KCG Holdings
New York
| – | -$727K | -17,857 | Closed |
|
35
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$275K | -6,748 | Closed |
|
|
BRWA
36
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$274K | -6,725 | Closed |
|
|
SPC
37
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$209K | -5,140 | Closed |
|
|
TRCT
38
Tower Research Capital (TRC)
New York
| – | -$50K | -1,228 | Closed |
|
39
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$26K | -628 | Closed |
|
FAB Hedge Fund Activity: Q1 2016 in Review
31 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Value AlphaDEX Fund (FAB) for Q1 2016, worth a combined $50M — down 21% from $63.2M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FAB and 1 opened new positions — a net loss of 8 holders — while 12 trimmed existing stakes and 11 added.
The largest buyer was VSR Financial Services, opening a new position worth an estimated $3.15M. The largest seller was Jane Street, exiting entirely with an estimated $5.35M sold.
- 31 institutional investors held First Trust Multi Cap Value AlphaDEX Fund (FAB) as of Q1 2016, down from 40 in Q4 2015.
- Funds reported $50M of First Trust Multi Cap Value AlphaDEX Fund stock for Q1 2016, down 21% quarter-over-quarter.
- 1 fund opened new First Trust Multi Cap Value AlphaDEX Fund positions in Q1 2016 and 9 closed out, a net change of -8 holders.
- The largest First Trust Multi Cap Value AlphaDEX Fund buyer in Q1 2016 was VSR Financial Services, an estimated $3.15M added.
- The largest First Trust Multi Cap Value AlphaDEX Fund seller in Q1 2016 was Jane Street, an estimated $5.35M sold.
Based on aggregated 13F filings for Q1 2016.