First Trust Multi Cap Growth AlphaDEX Fund
FAD
46 hedge funds and large institutions have $55M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 18 reducing their positions, and 7 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.19% less ownership
Funds ownership: 46.11% → 43.92% (-2.2%)
8% less funds holding
Funds holding: 50 → 46 (-4)
28% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 18
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
36% less capital invested
Capital invested by funds: $85.5M → $55M (-$30.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.79M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$880K |
| 3 |
GSWM
Golden State Wealth Management
Santa Ana,
California
|
+$761K |
| 4 |
Jane Street
New York
|
+$642K |
| 5 |
Morgan Stanley
New York
|
+$242K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$8.58M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.07M |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$1.84M |
| 4 |
RFWA
RPg Family Wealth Advisory
Burlington,
Massachusetts
|
-$1.83M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.65M |
FAD Hedge Fund Activity: Q1 2020 in Review
46 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q1 2020, worth a combined $55M — down 36% from $85.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FAD and 5 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 13 added.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $1.79M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $8.58M.
- 46 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q1 2020, down from 50 in Q4 2019.
- Funds reported $55M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q1 2020, down 36% quarter-over-quarter.
- 5 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q1 2020 and 7 closed out, a net change of -2 holders.
- The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q1 2020 was Envestnet Asset Management, an estimated $1.79M added.
- The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q1 2020 was Raymond James Financial Services Advisors, an estimated $8.58M sold.
Based on aggregated 13F filings for Q1 2020.