First Trust Multi Cap Value AlphaDEX Fund
FAB
68 hedge funds and large institutions have $125M invested in First Trust Multi Cap Value AlphaDEX Fund in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 29 increasing their positions, 13 reducing their positions, and 3 closing their positions.
300% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 3
123% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 13
21% more capital invested
Capital invested by funds: $104M → $125M (+$21.4M)
13% more funds holding
Funds holding: 60 → 68 (+8)
3.61% more ownership
Funds ownership: 56.73% → 60.33% (+3.6%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$9.98M |
| 2 |
WEG
World Equity Group
Schaumburg,
Illinois
|
+$4.04M |
| 3 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
+$3M |
| 4 |
Morgan Stanley
New York
|
+$2.85M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$5.63M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.55M |
| 3 |
MCC
Money Concepts Capital
Palm Beach Gardens,
Florida
|
-$657K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$540K |
| 5 |
Goldman Sachs
New York
|
-$399K |
FAB Hedge Fund Activity: Q1 2023 in Review
68 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Value AlphaDEX Fund (FAB) for Q1 2023, worth a combined $125M — up 21% from $104M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FAB positions and 3 closed out — a net gain of 9 holders — while 29 added to existing stakes and 13 trimmed.
The largest buyer was AE Wealth Management, opening a new position worth an estimated $9.98M. The largest seller was Kestra Advisory Services, exiting entirely with an estimated $5.63M sold.
- 68 institutional investors held First Trust Multi Cap Value AlphaDEX Fund (FAB) as of Q1 2023, up from 60 in Q4 2022.
- Funds reported $125M of First Trust Multi Cap Value AlphaDEX Fund stock for Q1 2023, up 21% quarter-over-quarter.
- 12 funds opened new First Trust Multi Cap Value AlphaDEX Fund positions in Q1 2023 and 3 closed out, a net change of +9 holders.
- The largest First Trust Multi Cap Value AlphaDEX Fund buyer in Q1 2023 was AE Wealth Management, an estimated $9.98M added.
- The largest First Trust Multi Cap Value AlphaDEX Fund seller in Q1 2023 was Kestra Advisory Services, an estimated $5.63M sold.
Based on aggregated 13F filings for Q1 2023.