First Trust Multi Cap Value AlphaDEX Fund
FAB
29 hedge funds and large institutions have $20.3M invested in First Trust Multi Cap Value AlphaDEX Fund in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 16 reducing their positions, and 9 closing their positions.
7.55% less ownership
Funds ownership: 45.99% → 38.45% (-7.5%)
8% less capital invested
Capital invested by funds: $22.2M → $20.3M (-$1.83M)
17% less funds holding
Funds holding: 35 → 29 (-6)
63% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 16
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$749K |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$255K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$201K |
| 4 |
Morgan Stanley
New York
|
+$118K |
| 5 |
Rockefeller Capital Management
New York
|
+$91.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.07M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.69M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.18M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.03M |
| 5 |
BFC
Bedel Financial Consulting
Indianapolis,
Indiana
|
-$434K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFEC
26
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $23K | – | – | – |
|
27
Fidelity Investments
Boston,
Massachusetts
| $18K | -$855 | -20 | -5% |
|
|
CFGS
28
Concourse Financial Group Securities
Birmingham,
Alabama
| $16K | – | – | – |
|
|
1W
29
1776 Wealth
Atlanta,
Georgia
| $4K | -$4.11K | -96 | -50% |
|
|
30
Citadel Advisors
Miami,
Florida
| – | -$1.18M | -32,992 | Closed |
|
|
31
Envestnet Asset Management
Chicago,
Illinois
| – | -$1.03M | -28,810 | Closed |
|
|
BFC
32
Bedel Financial Consulting
Indianapolis,
Indiana
| – | -$434K | -12,173 | Closed |
|
|
PFA
33
Plotkin Financial Advisors
Chevy Chase,
Maryland
| – | -$397K | -11,134 | Closed |
|
34
Jane Street
New York
| – | -$248K | -6,946 | Closed |
|
35
US Bancorp
Minneapolis,
Minnesota
| – | -$23K | -651 | Closed |
|
|
AIC
36
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$11K | -297 | Closed |
|
|
ASN
37
Advisory Services Network
Atlanta,
Georgia
| – | -$7K | -185 | Closed |
|
FAB Hedge Fund Activity: Q2 2020 in Review
29 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Value AlphaDEX Fund (FAB) for Q2 2020, worth a combined $20.3M — down 8.2% from $22.2M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FAB and 3 opened new positions — a net loss of 6 holders — while 16 trimmed existing stakes and 6 added.
The largest buyer was Bank of America, adding an estimated $749K. The largest seller was UBS Group, cutting an estimated $2.07M.
- 29 institutional investors held First Trust Multi Cap Value AlphaDEX Fund (FAB) as of Q2 2020, down from 35 in Q1 2020.
- Funds reported $20.3M of First Trust Multi Cap Value AlphaDEX Fund stock for Q2 2020, down 8.2% quarter-over-quarter.
- 3 funds opened new First Trust Multi Cap Value AlphaDEX Fund positions in Q2 2020 and 9 closed out, a net change of -6 holders.
- The largest First Trust Multi Cap Value AlphaDEX Fund buyer in Q2 2020 was Bank of America, an estimated $749K added.
- The largest First Trust Multi Cap Value AlphaDEX Fund seller in Q2 2020 was UBS Group, an estimated $2.07M sold.
Based on aggregated 13F filings for Q2 2020.