First Trust Multi Cap Value AlphaDEX Fund
FAB
35 hedge funds and large institutions have $43M invested in First Trust Multi Cap Value AlphaDEX Fund in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 17 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
12% more capital invested
Capital invested by funds: $38.5M → $43M (+$4.49M)
6% more funds holding
Funds holding: 33 → 35 (+2)
1.25% more ownership
Funds ownership: 46.56% → 47.82% (+1.3%)
65% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.56M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$744K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$703K |
| 4 |
Rockefeller Capital Management
New York
|
+$311K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$277K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$997K |
| 2 |
LPL Financial
San Diego,
California
|
-$883K |
| 3 |
WI
Wintrust Investments
Chicago,
Illinois
|
-$387K |
| 4 |
Jane Street
New York
|
-$146K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$138K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $199K | – | – | – |
|
27
Citigroup
New York
| $174K | – | – | – |
|
|
BFEC
28
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $87K | – | – | – |
|
29
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $64K | – | – | – |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $40K | -$84.3K | -1,524 | -69% |
|
31
US Bancorp
Minneapolis,
Minnesota
| $38K | – | – | – |
|
|
CFGS
32
Concourse Financial Group Securities
Birmingham,
Alabama
| $20K | +$9.29K | +168 | +93% |
|
|
ASN
33
Advisory Services Network
Atlanta,
Georgia
| $11K | – | – | – |
|
|
1W
34
1776 Wealth
Atlanta,
Georgia
| $5K | +$5.31K | +96 | New |
|
|
WI
35
Wintrust Investments
Chicago,
Illinois
| – | -$387K | -7,244 | Closed |
|
|
AIC
36
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$16K | -297 | Closed |
|
FAB Hedge Fund Activity: Q4 2019 in Review
35 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Value AlphaDEX Fund (FAB) for Q4 2019, worth a combined $43M — up 12% from $38.5M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FAB positions and 2 closed out — a net gain of 2 holders — while 6 added to existing stakes and 17 trimmed.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $1.56M. The largest seller was Bank of America, cutting an estimated $997K.
- 35 institutional investors held First Trust Multi Cap Value AlphaDEX Fund (FAB) as of Q4 2019, up from 33 in Q3 2019.
- Funds reported $43M of First Trust Multi Cap Value AlphaDEX Fund stock for Q4 2019, up 12% quarter-over-quarter.
- 4 funds opened new First Trust Multi Cap Value AlphaDEX Fund positions in Q4 2019 and 2 closed out, a net change of +2 holders.
- The largest First Trust Multi Cap Value AlphaDEX Fund buyer in Q4 2019 was Envestnet Asset Management, an estimated $1.56M added.
- The largest First Trust Multi Cap Value AlphaDEX Fund seller in Q4 2019 was Bank of America, an estimated $997K sold.
Based on aggregated 13F filings for Q4 2019.