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First Trust Multi Cap Growth AlphaDEX Fund
FAD

78 hedge funds and large institutions have $179M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

46% more capital invested

Capital invested by funds: $123M → $179M (+$56.2M)

19% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 21

10% more funds holding

Funds holding: 71 → 78 (+7)

5% more ownership

Funds ownership: 57.53% → 62.53% (+5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
78
Holders Change
+7
Holders Change %
+9.86%
% of All Funds
1.03%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
13
Increased
25
Reduced
21
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$14.2M
2
Wells Fargo
Wells Fargo
California
+$13.4M
3
Raymond James Financial
Raymond James Financial
Florida
+$6.95M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$3.78M
5
WWA
WCG Wealth Advisors
Nevada
+$1.84M

Top Sellers

Rank Fund Capital Flow
1
Creative Planning
Creative Planning
Kansas
-$3.81M
2
VF
Virtu Financial
New York
-$2.03M
3
GWM
Geneos Wealth Management
Colorado
-$1.99M
4
LPL Financial
LPL Financial
California
-$1.23M
5
IAIM
International Assets Investment Management
Florida
-$287K
Name Holding Trade Value Shares
Change 		Change in
Stake
6F
26
626 Financial
Michigan
$1.4M – – –
Cetera Investment Advisers
27
Cetera Investment Advisers
Illinois
$1.29M +$114K +848 +11%
IA
28
IFP Advisors
Florida
$1.02M -$2.02K -15 -0.2%
CAC
29
Certified Advisory Corp
Florida
$937K +$858K +6,383 New
KAS
30
Kestra Advisory Services
Texas
$907K +$510K +3,793 +159%
Two Sigma Investments
31
Two Sigma Investments
New York
$808K +$739K +5,500 New
PWS
32
Proactive Wealth Strategies
Georgia
$781K +$269 +2 +0%
GSWM
33
Golden State Wealth Management
California
$760K – – –
AR
34
Apeiron RIA
Texas
$759K -$941 -7 -0.1%
WH
35
Willner & Heller
California
$744K +$38.7K +288 +6%
Osaic Holdings
36
Osaic Holdings
Arizona
$678K +$227K +1,686 +58%
SA
37
Sanctuary Advisors
Indiana
$604K – – –
NL
38
NWAM LLC
Washington
$580K – – –
NS
39
NBC Securities
Alabama
$571K -$17.1K -127 -3%
NWM
40
Nova Wealth Management
Florida
$553K +$225K +1,675 +80%
IFG
41
Independent Financial Group
California
$491K – – –
ACP
42
Aviance Capital Partners
Florida
$437K – – –
VF
43
Virtu Financial
New York
$385K -$2.03M -15,145 -85%
LRPA
44
L. Roy Papp & Associates
Arizona
$381K – – –
Citadel Advisors
45
Citadel Advisors
Florida
$379K +$347K +2,580 New
GRP
46
Global Retirement Partners
California
$370K +$338K +2,518 New
GWP
47
Gateway Wealth Partners
Wisconsin
$353K -$2.82K -21 -0.9%
OIA
48
OneDigital Investment Advisors
Kansas
$347K -$81K -603 -20%
QFW
49
QTR Family Wealth
Florida
$319K +$1.75K +13 +0.6%
Wealth Enhancement Advisory Services
50
Wealth Enhancement Advisory Services
Minnesota
$317K -$59.5K -443 -17%
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FAD Hedge Fund Activity: Q2 2025 in Review

78 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q2 2025, worth a combined $179M — up 46% from $123M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FAD positions and 6 closed out — a net gain of 7 holders — while 25 added to existing stakes and 21 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $14.2M. The largest seller was Creative Planning, cutting an estimated $3.81M.

  • 78 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q2 2025, up from 71 in Q1 2025.
  • Funds reported $179M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q2 2025, up 46% quarter-over-quarter.
  • 13 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q2 2025 and 6 closed out, a net change of +7 holders.
  • The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q2 2025 was Morgan Stanley, an estimated $14.2M added.
  • The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q2 2025 was Creative Planning, an estimated $3.81M sold.

Based on aggregated 13F filings for Q2 2025.