First Trust Multi Cap Value AlphaDEX Fund
FAB
58 hedge funds and large institutions have $92.8M invested in First Trust Multi Cap Value AlphaDEX Fund in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 26 reducing their positions, and 14 closing their positions.
5.84% less ownership
Funds ownership: 60.33% → 54.5% (-5.8%)
15% less funds holding
Funds holding: 68 → 58 (-10)
26% less capital invested
Capital invested by funds: $125M → $92.8M (-$32.4M)
46% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 26
71% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$4.25M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.38M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.17M |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$273K |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$252K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$9.59M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$8.62M |
| 3 |
LPL Financial
San Diego,
California
|
-$4.32M |
| 4 |
Morgan Stanley
New York
|
-$3.54M |
| 5 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$2.89M |
FAB Hedge Fund Activity: Q2 2023 in Review
58 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Value AlphaDEX Fund (FAB) for Q2 2023, worth a combined $92.8M — down 26% from $125M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FAB and 4 opened new positions — a net loss of 10 holders — while 26 trimmed existing stakes and 14 added.
The largest buyer was Osaic Holdings, adding an estimated $4.25M. The largest seller was AE Wealth Management, exiting entirely with an estimated $9.59M sold.
- 58 institutional investors held First Trust Multi Cap Value AlphaDEX Fund (FAB) as of Q2 2023, down from 68 in Q1 2023.
- Funds reported $92.8M of First Trust Multi Cap Value AlphaDEX Fund stock for Q2 2023, down 26% quarter-over-quarter.
- 4 funds opened new First Trust Multi Cap Value AlphaDEX Fund positions in Q2 2023 and 14 closed out, a net change of -10 holders.
- The largest First Trust Multi Cap Value AlphaDEX Fund buyer in Q2 2023 was Osaic Holdings, an estimated $4.25M added.
- The largest First Trust Multi Cap Value AlphaDEX Fund seller in Q2 2023 was AE Wealth Management, an estimated $9.59M sold.
Based on aggregated 13F filings for Q2 2023.