First Trust Multi Cap Value AlphaDEX Fund
FAB
38 hedge funds and large institutions have $40.6M invested in First Trust Multi Cap Value AlphaDEX Fund in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 17 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
23% more funds holding
Funds holding: 31 → 38 (+7)
7.44% less ownership
Funds ownership: 45.74% → 38.3% (-7.4%)
19% less capital invested
Capital invested by funds: $50M → $40.6M (-$9.39M)
53% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$2.17M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.49M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$616K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$328K |
| 5 |
Jane Street
New York
|
+$312K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$5.94M |
| 2 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
-$3.44M |
| 3 |
IH
IFC Holdings
Tampa,
Florida
|
-$1.73M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.03M |
| 5 |
Goldman Sachs
New York
|
-$947K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SG
26
Societe Generale
| $207K | +$208K | +4,864 | New |
|
|
WA
27
WFG Advisors
Dallas,
Texas
| $183K | +$14.3K | +334 | +8% |
|
28
Citigroup
New York
| $166K | -$14.2K | -332 | -8% |
|
29
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $140K | +$17.9K | +418 | +14% |
|
30
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $56K | +$14.4K | +336 | +34% |
|
|
IA
31
IFP Advisors
Tampa,
Florida
| $55K | -$7.96K | -186 | -13% |
|
32
Envestnet Asset Management
Chicago,
Illinois
| $51K | +$51.9K | +1,212 | New |
|
|
MFS
33
MSI Financial Services
Springfield,
Massachusetts
| $33K | -$8.56K | -200 | -21% |
|
34
US Bancorp
Minneapolis,
Minnesota
| $28K | – | – | – |
|
|
WEC
35
Winslow Evans & Crocker
Boston,
Massachusetts
| $17K | – | – | – |
|
|
AG
36
Advisor Group
Phoenix,
Arizona
| $16K | +$17.8K | +416 | New |
|
|
ASN
37
Advisory Services Network
Atlanta,
Georgia
| $13K | +$13.5K | +315 | New |
|
|
VFS
38
VSR Financial Services
Overland Park,
Kansas
| – | -$3.44M | -80,033 | Closed |
|
|
AIG
39
American International Group
New York
| – | -$18K | -416 | Closed |
|
FAB Hedge Fund Activity: Q2 2016 in Review
38 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Value AlphaDEX Fund (FAB) for Q2 2016, worth a combined $40.6M — down 19% from $50M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FAB positions and 2 closed out — a net gain of 7 holders — while 8 added to existing stakes and 17 trimmed.
The largest buyer was D.A. Davidson & Co, adding an estimated $2.17M. The largest seller was LPL Financial, cutting an estimated $5.94M.
- 38 institutional investors held First Trust Multi Cap Value AlphaDEX Fund (FAB) as of Q2 2016, up from 31 in Q1 2016.
- Funds reported $40.6M of First Trust Multi Cap Value AlphaDEX Fund stock for Q2 2016, down 19% quarter-over-quarter.
- 9 funds opened new First Trust Multi Cap Value AlphaDEX Fund positions in Q2 2016 and 2 closed out, a net change of +7 holders.
- The largest First Trust Multi Cap Value AlphaDEX Fund buyer in Q2 2016 was D.A. Davidson & Co, an estimated $2.17M added.
- The largest First Trust Multi Cap Value AlphaDEX Fund seller in Q2 2016 was LPL Financial, an estimated $5.94M sold.
Based on aggregated 13F filings for Q2 2016.