First Trust Multi Cap Growth AlphaDEX Fund
FAD
57 hedge funds and large institutions have $101M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 23 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
2% more funds holding
Funds holding: 56 → 57 (+1)
3% more capital invested
Capital invested by funds: $98.2M → $101M (+$3M)
4.03% less ownership
Funds ownership: 56.45% → 52.42% (-4%)
22% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.07M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.6M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.23M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$257K |
| 5 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$222K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$7.84M |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$2.11M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$830K |
| 4 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$453K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$386K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fidelity Investments
Boston,
Massachusetts
| $21.4K | -$1.4K | -12 | -7% |
|
|
IGWM
52
ICA Group Wealth Management
Denver,
Colorado
| $18.7K | – | – | – |
|
|
SIS
53
Sound Income Strategies
Ft Lauderdale,
Florida
| $11.2K | +$10.5K | +90 | New |
|
|
PS
54
Principal Securities
Des Moines,
Iowa
| $9.34K | – | – | – |
|
|
AWM
55
Avior Wealth Management
Omaha,
Nebraska
| $7.36K | +$117 | +1 | +2% |
|
|
NA
56
NewEdge Advisors
New Orleans,
Louisiana
| $4.24K | -$119K | -1,018 | -97% |
|
|
SPIA
57
Steward Partners Investment Advisory
New York
| $2.37K | – | – | – |
|
|
FHA
58
First Horizon Advisors
Memphis,
Tennessee
| $84 | – | – | – |
|
|
DADC
59
D.A. Davidson & Co
Great Falls,
Montana
| – | -$2.11M | -18,831 | Closed |
|
|
PFS
60
Prospera Financial Services
Dallas,
Texas
| – | -$453K | -4,032 | Closed |
|
|
61
Envestnet Asset Management
Chicago,
Illinois
| – | -$386K | -3,438 | Closed |
|
|
AP
62
Advisors Preferred
Rockville,
Maryland
| – | -$14.2K | -128 | Closed |
|
FAD Hedge Fund Activity: Q1 2024 in Review
57 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q1 2024, worth a combined $101M — up 3.1% from $98.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FAD positions and 4 closed out — a net gain of 1 holder — while 18 added to existing stakes and 23 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $2.07M. The largest seller was Morgan Stanley, cutting an estimated $7.84M.
- 57 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q1 2024, up from 56 in Q4 2023.
- Funds reported $101M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q1 2024, up 3.1% quarter-over-quarter.
- 5 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q1 2024 and 4 closed out, a net change of +1 holder.
- The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q1 2024 was Raymond James Financial Services Advisors, an estimated $2.07M added.
- The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q1 2024 was Morgan Stanley, an estimated $7.84M sold.
Based on aggregated 13F filings for Q1 2024.