First Trust Multi Cap Value AlphaDEX Fund
FAB
45 hedge funds and large institutions have $43.3M invested in First Trust Multi Cap Value AlphaDEX Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 23 reducing their positions, and 5 closing their positions.
3.55% less ownership
Funds ownership: 43.9% → 40.35% (-3.6%)
6% less funds holding
Funds holding: 48 → 45 (-3)
10% less capital invested
Capital invested by funds: $48.2M → $43.3M (-$4.91M)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
57% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AG
Advisor Group
Phoenix,
Arizona
|
+$476K |
| 2 |
VF
Virtu Financial
New York
|
+$438K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$320K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$311K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$198K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.3M |
| 2 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$1.33M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$727K |
| 4 |
Jane Street
New York
|
-$381K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$273K |
FAB Hedge Fund Activity: Q3 2017 in Review
45 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Value AlphaDEX Fund (FAB) for Q3 2017, worth a combined $43.3M — down 10% from $48.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FAB and 4 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 10 added.
The largest buyer was Advisor Group, adding an estimated $476K. The largest seller was Susquehanna International Group, cutting an estimated $3.3M.
- 45 institutional investors held First Trust Multi Cap Value AlphaDEX Fund (FAB) as of Q3 2017, down from 48 in Q2 2017.
- Funds reported $43.3M of First Trust Multi Cap Value AlphaDEX Fund stock for Q3 2017, down 10% quarter-over-quarter.
- 4 funds opened new First Trust Multi Cap Value AlphaDEX Fund positions in Q3 2017 and 5 closed out, a net change of -1 holder.
- The largest First Trust Multi Cap Value AlphaDEX Fund buyer in Q3 2017 was Advisor Group, an estimated $476K added.
- The largest First Trust Multi Cap Value AlphaDEX Fund seller in Q3 2017 was Susquehanna International Group, an estimated $3.3M sold.
Based on aggregated 13F filings for Q3 2017.