First Trust Multi Cap Growth AlphaDEX Fund
FAD
29 hedge funds and large institutions have $42.8M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 4 closing their positions.
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
1.58% less ownership
Funds ownership: 45.21% → 43.63% (-1.6%)
3% less funds holding
Funds holding: 30 → 29 (-1)
11% less capital invested
Capital invested by funds: $48.2M → $42.8M (-$5.35M)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.82M |
| 2 |
IA
IFP Advisors
Tampa,
Florida
|
+$1.17M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.12M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$624K |
| 5 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
+$588K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$7.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.39M |
| 3 |
Morgan Stanley
New York
|
-$757K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$606K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$497K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WEC
26
Winslow Evans & Crocker
Boston,
Massachusetts
| $19.8K | – | – | – |
|
|
AIG
27
American International Group
New York
| $14K | -$4.9K | -105 | -27% |
|
|
MFS
28
MSI Financial Services
Springfield,
Massachusetts
| $6K | – | – | – |
|
|
FAAS
29
First Allied Advisory Services
San Diego,
California
| – | -$7.5M | -150,735 | Closed |
|
|
SPC
30
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$202K | -4,068 | Closed |
|
|
CCS
31
Crosspoint Capital Strategies
Orinda,
California
| – | -$41K | -845 | Closed |
|
32
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$30K | -603 | Closed |
|
FAD Hedge Fund Activity: Q1 2016 in Review
29 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q1 2016, worth a combined $42.8M — down 11% from $48.2M a quarter earlier.
Fund positioning in FAD was balanced in Q1 2016: 4 funds opened new positions, 4 closed out, 7 added to existing stakes and 11 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $1.82M. The largest seller was First Allied Advisory Services, exiting entirely with an estimated $7.5M sold.
- 29 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q1 2016, down from 30 in Q4 2015.
- Funds reported $42.8M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q1 2016, down 11% quarter-over-quarter.
- 4 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q1 2016 and 4 closed out, a net change of 0 holders.
- The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q1 2016 was Susquehanna International Group, an estimated $1.82M added.
- The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q1 2016 was First Allied Advisory Services, an estimated $7.5M sold.
Based on aggregated 13F filings for Q1 2016.