First Trust Multi Cap Growth AlphaDEX Fund
FAD
52 hedge funds and large institutions have $97.3M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 23 reducing their positions, and 3 closing their positions.
20% more capital invested
Capital invested by funds: $80.8M → $97.3M (+$16.6M)
1.45% more ownership
Funds ownership: 52.79% → 54.24% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 53 → 52 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
35% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.17M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.02M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$898K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$634K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$326K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$391K |
| 2 |
PFA
Plotkin Financial Advisors
Chevy Chase,
Maryland
|
-$305K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$295K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$246K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$234K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
JP Morgan Chase
New York
| $153 | -$33.9K | -343 | -100% |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $106 | – | – | – |
|
|
AAS
53
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$102K | -1,038 | Closed |
|
54
Citigroup
New York
| – | -$91.4K | -933 | Closed |
|
|
AP
55
Advisors Preferred
Rockville,
Maryland
| – | -$22.5K | -228 | Closed |
|
FAD Hedge Fund Activity: Q2 2023 in Review
52 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q2 2023, worth a combined $97.3M — up 20% from $80.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FAD and 2 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 15 added.
The largest buyer was Susquehanna International Group, adding an estimated $1.17M. The largest seller was Royal Bank of Canada, cutting an estimated $391K.
- 52 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q2 2023, down from 53 in Q1 2023.
- Funds reported $97.3M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q2 2023, up 20% quarter-over-quarter.
- 2 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q2 2023 and 3 closed out, a net change of -1 holder.
- The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q2 2023 was Susquehanna International Group, an estimated $1.17M added.
- The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q2 2023 was Royal Bank of Canada, an estimated $391K sold.
Based on aggregated 13F filings for Q2 2023.