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First Trust Multi Cap Growth AlphaDEX Fund
FAD

94 hedge funds and large institutions have $251M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2025 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 32 increasing their positions, 24 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 6

33% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 24

13% more funds holding

Funds holding: 83 → 94 (+11)

10% more capital invested

Capital invested by funds: $228M → $251M (+$22.8M)

1.79% more ownership

Funds ownership: 66.13% → 67.92% (+1.8%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
94
Holders Change
+11
Holders Change %
+13.25%
% of All Funds
1.14%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
17
Increased
32
Reduced
24
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KWS
Keystone Wealth Services
California
+$8.7M
2
WS
Wedbush Securities
California
+$4.24M
3
Raymond James Financial
Raymond James Financial
Florida
+$3.38M
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$2.21M
5
Morgan Stanley
Morgan Stanley
New York
+$1.96M

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.57M
2
Citadel Advisors
Citadel Advisors
Florida
-$3.21M
3
Truist Financial
Truist Financial
North Carolina
-$641K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$381K
5
Betterment LLC
Betterment LLC
New York
-$223K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$2.05M +$268K +1,659 +15%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$2.03M +$286K +1,772 +16%
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$1.82M +$197K +1,220 +12%
FTS
29
Fifth Third Securities
Ohio
$1.76M +$143K +883 +9%
SFPG
30
Stonebridge Financial Planning Group
Florida
$1.69M +$26K +161 +2%
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$1.59M +$1.28M +7,939 +418%
6F
32
626 Financial
Michigan
$1.47M -$32.3K -200 -2%
KAS
33
Kestra Advisory Services
Texas
$1.43M -$10K -62 -0.7%
VW
34
Vantus Wealth
Pennsylvania
$1.34M +$1.34M +8,275 New
AIM
35
Advyzon Investment Management
Illinois
$1.31M +$1.07M +6,602 +438%
SFGM
36
Stonebridge Financial Group (Missouri)
Missouri
$1.23M +$1.23M +7,595 New
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$1.15M -$4.57M -28,298 -80%
IA
38
IFP Advisors
Florida
$1.01M -$101K -624 -9%
CAC
39
Certified Advisory Corp
Florida
$993K -$24.1K -149 -2%
WH
40
Willner & Heller
California
$976K +$152K +940 +18%
NWM
41
Nova Wealth Management
Florida
$962K +$45.7K +283 +5%
VF
42
Virtu Financial
New York
$959K +$957K +5,924 New
PAG
43
Private Advisory Group
Washington
$923K +$71.3K +441 +8%
IFG
44
Independent Financial Group
California
$872K +$150K +925 +21%
PWS
45
Proactive Wealth Strategies
Georgia
$864K +$2.59K +16 +0.3%
AR
46
Apeiron RIA
Texas
$860K -$13.9K -86 -2%
GSWM
47
Golden State Wealth Management
California
$818K -$18.6K -115 -2%
NL
48
NWAM LLC
Washington
$688K +$31.7K +196 +5%
SA
49
Sanctuary Advisors
Indiana
$679K -$1.13K -7 -0.2%
ACP
50
Aviance Capital Partners
Florida
$482K – – –
1
2
3 4

FAD Hedge Fund Activity: Q4 2025 in Review

94 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q4 2025, worth a combined $251M — up 10% from $228M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FAD positions and 6 closed out — a net gain of 11 holders — while 32 added to existing stakes and 24 trimmed.

The largest buyer was Keystone Wealth Services, opening a new position worth an estimated $8.7M. The largest seller was Susquehanna International Group, cutting an estimated $4.57M.

  • 94 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q4 2025, up from 83 in Q3 2025.
  • Funds reported $251M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q4 2025, up 10% quarter-over-quarter.
  • 17 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q4 2025 and 6 closed out, a net change of +11 holders.
  • The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q4 2025 was Keystone Wealth Services, an estimated $8.7M added.
  • The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q4 2025 was Susquehanna International Group, an estimated $4.57M sold.

Based on aggregated 13F filings for Q4 2025.