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First Trust Multi Cap Growth AlphaDEX Fund
FAD

58 hedge funds and large institutions have $88.6M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 26 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

12% more funds holding

Funds holding: 52 → 58 (+6)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.62% less ownership

Funds ownership: 54.24% → 53.62% (-0.62%)

9% less capital invested

Capital invested by funds: $97.3M → $88.6M (-$8.72M)

54% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 26

Holders
58
Holders Change
+6
Holders Change %
+11.54%
% of All Funds
0.92%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
12
Reduced
26
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WMP
Wealth Management Partners
Arizona
+$2.31M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.15M
3
RFWA
RPg Family Wealth Advisory
Massachusetts
+$1.11M
4
VF
Virtu Financial
New York
+$586K
5
LPL Financial
LPL Financial
California
+$337K

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$5.24M
2
Citadel Advisors
Citadel Advisors
Florida
-$2.81M
3
VWA
V Wealth Advisors
Kansas
-$1M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$511K
5
KAS
Kestra Advisory Services
Texas
-$384K
Name Holding Trade Value Shares
Change 		Change in
Stake
AR
26
Apeiron RIA
Texas
$661K +$55.9K +534 +9%
GWM
27
Geneos Wealth Management
Colorado
$631K +$44.6K +426 +7%
VF
28
Virtu Financial
New York
$561K +$586K +5,600 New
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$533K -$44K -420 -7%
Stifel Financial
30
Stifel Financial
Missouri
$458K -$90.7K -866 -16%
PFS
31
Prospera Financial Services
Texas
$416K – – –
NL
32
NWAM LLC
Washington
$405K -$4.4K -42 -1%
NS
33
NBC Securities
Alabama
$405K +$424K +4,049 New
Citadel Advisors
34
Citadel Advisors
Florida
$368K -$2.81M -26,864 -88%
CAN
35
Cetera Advisor Networks
California
$322K -$83.3K -796 -20%
Envestnet Asset Management
36
Envestnet Asset Management
Illinois
$311K -$38.1K -364 -11%
LRPA
37
L. Roy Papp & Associates
Arizona
$260K – – –
IFG
38
Independent Financial Group
California
$248K +$260K +2,481 New
KAS
39
Kestra Advisory Services
Texas
$244K -$384K -3,663 -60%
GWP
40
Gateway Wealth Partners
Wisconsin
$235K – – –
1SB
41
1ST Source Bank
Indiana
$225K – – –
CA
42
Cetera Advisors
Colorado
$220K – – –
BW
43
Bison Wealth
Georgia
$220K -$33.1K -316 -13%
IAIM
44
International Assets Investment Management
Florida
$218K – – –
AAS
45
Ameritas Advisory Services
Nebraska
$208K +$220K +2,105 New
Carson Wealth (CWM LLC)
46
Carson Wealth (CWM LLC)
Nebraska
$202K – – –
WSTAM
47
Wilbanks Smith & Thomas Asset Management
Virginia
$201K – – –
FAM
48
Flaharty Asset Management
Florida
$140K +$147K +1,402 New
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$136K -$13.9K -133 -9%
AP
50
Advisors Preferred
Maryland
$77.2K +$81.5K +778 New
1
2
3

FAD Hedge Fund Activity: Q3 2023 in Review

58 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q3 2023, worth a combined $88.6M — down 9% from $97.3M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FAD positions and 2 closed out — a net gain of 6 holders — while 12 added to existing stakes and 26 trimmed.

The largest buyer was Wealth Management Partners, opening a new position worth an estimated $2.31M. The largest seller was Goldman Sachs, cutting an estimated $5.24M.

  • 58 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q3 2023, up from 52 in Q2 2023.
  • Funds reported $88.6M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q3 2023, down 9% quarter-over-quarter.
  • 8 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q3 2023 and 2 closed out, a net change of +6 holders.
  • The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q3 2023 was Wealth Management Partners, an estimated $2.31M added.
  • The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q3 2023 was Goldman Sachs, an estimated $5.24M sold.

Based on aggregated 13F filings for Q3 2023.