First Trust Multi Cap Growth AlphaDEX Fund
FAD
56 hedge funds and large institutions have $98.2M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2023 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 26 reducing their positions, and 6 closing their positions.
11% more capital invested
Capital invested by funds: $88.6M → $98.2M (+$9.62M)
2.82% more ownership
Funds ownership: 53.62% → 56.45% (+2.8%)
3% less funds holding
Funds holding: 58 → 56 (-2)
23% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 26
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$8.21M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.21M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$773K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$389K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$264K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFA
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
-$4.98M |
| 2 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$2.73M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.14M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$944K |
| 5 |
VF
Virtu Financial
New York
|
-$561K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HI
51
Harbour Investments
Madison,
Wisconsin
| $19.1K | -$2.73M | -26,627 | -99% |
|
|
IGWM
52
ICA Group Wealth Management
Denver,
Colorado
| $16.8K | +$15.4K | +150 | New |
|
|
AP
53
Advisors Preferred
Rockville,
Maryland
| $14.2K | -$66.7K | -650 | -84% |
|
|
PS
54
Principal Securities
Des Moines,
Iowa
| $8.42K | +$7.7K | +75 | New |
|
|
AWM
55
Avior Wealth Management
Omaha,
Nebraska
| $6.62K | – | – | – |
|
|
SPIA
56
Steward Partners Investment Advisory
New York
| $2.13K | -$103 | -1 | -5% |
|
|
GFA
57
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
| – | -$4.98M | -49,747 | Closed |
|
|
VF
58
Virtu Financial
New York
| – | -$561K | -5,600 | Closed |
|
59
Citadel Advisors
Miami,
Florida
| – | -$368K | -3,680 | Closed |
|
|
AAS
60
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$208K | -2,105 | Closed |
|
|
FAM
61
Flaharty Asset Management
Clearwater,
Florida
| – | -$140K | -1,402 | Closed |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | -$100 | -1 | Closed |
|
FAD Hedge Fund Activity: Q4 2023 in Review
56 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q4 2023, worth a combined $98.2M — up 11% from $88.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FAD and 4 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 20 added.
The largest buyer was Morgan Stanley, adding an estimated $8.21M. The largest seller was Gallagher Fiduciary Advisors, exiting entirely with an estimated $4.98M sold.
- 56 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q4 2023, down from 58 in Q3 2023.
- Funds reported $98.2M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q4 2023, up 11% quarter-over-quarter.
- 4 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q4 2023 and 6 closed out, a net change of -2 holders.
- The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q4 2023 was Morgan Stanley, an estimated $8.21M added.
- The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q4 2023 was Gallagher Fiduciary Advisors, an estimated $4.98M sold.
Based on aggregated 13F filings for Q4 2023.