First Trust Multi Cap Growth AlphaDEX Fund
FAD
35 hedge funds and large institutions have $31M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
21% more funds holding
Funds holding: 29 → 35 (+6)
12.59% less ownership
Funds ownership: 43.63% → 31.03% (-13%)
28% less capital invested
Capital invested by funds: $42.8M → $31M (-$11.8M)
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RFWA
RPg Family Wealth Advisory
Burlington,
Massachusetts
|
+$1.33M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$650K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$519K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$386K |
| 5 |
SG Americas Securities
New York
|
+$320K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$7.53M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.14M |
| 3 |
IH
IFC Holdings
Tampa,
Florida
|
-$2.04M |
| 4 |
Morgan Stanley
New York
|
-$1.86M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$785K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
26
Next Financial Group
Houston,
Texas
| $39K | – | – | – |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $28K | – | – | – |
|
|
GWM
28
Geneos Wealth Management
Englewood,
Colorado
| $23K | – | – | – |
|
|
WEC
29
Winslow Evans & Crocker
Boston,
Massachusetts
| $20.5K | – | – | – |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $20K | +$19.2K | +384 | New |
|
|
DADC
31
D.A. Davidson & Co
Great Falls,
Montana
| $11K | -$120K | -2,400 | -92% |
|
32
Citigroup
New York
| $10K | -$21K | -420 | -68% |
|
|
MFS
33
MSI Financial Services
Springfield,
Massachusetts
| $7K | – | – | – |
|
|
WP
34
WealthPLAN Partners
Omaha,
Nebraska
| $1.08K | +$2.1K | +42 | New |
|
|
VFS
35
VSR Financial Services
Overland Park,
Kansas
| – | -$624K | -12,594 | Closed |
|
|
AIG
36
American International Group
New York
| – | -$14K | -280 | Closed |
|
FAD Hedge Fund Activity: Q2 2016 in Review
35 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q2 2016, worth a combined $31M — down 28% from $42.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FAD positions and 2 closed out — a net gain of 6 holders — while 7 added to existing stakes and 12 trimmed.
The largest buyer was RPg Family Wealth Advisory, adding an estimated $1.33M. The largest seller was LPL Financial, cutting an estimated $7.53M.
- 35 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q2 2016, up from 29 in Q1 2016.
- Funds reported $31M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q2 2016, down 28% quarter-over-quarter.
- 8 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q2 2016 and 2 closed out, a net change of +6 holders.
- The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q2 2016 was RPg Family Wealth Advisory, an estimated $1.33M added.
- The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q2 2016 was LPL Financial, an estimated $7.53M sold.
Based on aggregated 13F filings for Q2 2016.