First Trust Multi Cap Growth AlphaDEX Fund
FAD
36 hedge funds and large institutions have $39.3M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
44% more capital invested
Capital invested by funds: $27.4M → $39.3M (+$11.9M)
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
11.52% more ownership
Funds ownership: 33.72% → 45.24% (+12%)
9% more funds holding
Funds holding: 33 → 36 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$2.75M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.16M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.79M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$930K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$315K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$757K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$158K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$73.5K |
| 4 |
RFWA
RPg Family Wealth Advisory
Burlington,
Massachusetts
|
-$69.3K |
| 5 |
IH
IFC Holdings
Tampa,
Florida
|
-$61.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WSTAM
26
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| $208K | +$203K | +3,700 | New |
|
|
WA
27
WFG Advisors
Dallas,
Texas
| $153K | -$18.3K | -333 | -11% |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $127K | +$32.9K | +598 | +36% |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $72K | – | – | – |
|
|
GWM
30
Geneos Wealth Management
Englewood,
Colorado
| $25K | – | – | – |
|
|
DADC
31
D.A. Davidson & Co
Great Falls,
Montana
| $12K | – | – | – |
|
32
Citigroup
New York
| $4K | – | – | – |
|
|
ASN
33
Advisory Services Network
Atlanta,
Georgia
| $3K | +$2.75K | +50 | New |
|
|
IWM
34
IHT Wealth Management
Chicago,
Illinois
| $2K | -$1.04K | -19 | -13% |
|
|
SPIA
35
Steward Partners Investment Advisory
New York
| $1K | +$1.76K | +32 | New |
|
|
NFG
36
Next Financial Group
Houston,
Texas
| – | -$41K | -780 | Closed |
|
|
WEC
37
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$20.9K | -400 | Closed |
|
|
TRCT
38
Tower Research Capital (TRC)
New York
| – | -$5K | -98 | Closed |
|
FAD Hedge Fund Activity: Q1 2017 in Review
36 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q1 2017, worth a combined $39.3M — up 44% from $27.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FAD positions and 3 closed out — a net gain of 4 holders — while 13 added to existing stakes and 11 trimmed.
The largest buyer was Mariner Independent Advisor Network, opening a new position worth an estimated $2.75M. The largest seller was LPL Financial, cutting an estimated $757K.
- 36 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q1 2017, up from 33 in Q4 2016.
- Funds reported $39.3M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q1 2017, up 44% quarter-over-quarter.
- 7 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q1 2017 and 3 closed out, a net change of +4 holders.
- The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q1 2017 was Mariner Independent Advisor Network, an estimated $2.75M added.
- The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q1 2017 was LPL Financial, an estimated $757K sold.
Based on aggregated 13F filings for Q1 2017.