First Trust Multi Cap Growth AlphaDEX Fund
FAD
78 hedge funds and large institutions have $179M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
46% more capital invested
Capital invested by funds: $123M → $179M (+$56.2M)
19% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 21
10% more funds holding
Funds holding: 71 → 78 (+7)
5% more ownership
Funds ownership: 57.53% → 62.53% (+5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$14.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$13.4M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$6.95M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.78M |
| 5 |
WWA
WCG Wealth Advisors
Las Vegas,
Nevada
|
+$1.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
-$3.81M |
| 2 |
VF
Virtu Financial
New York
|
-$2.03M |
| 3 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
-$1.99M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.23M |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$287K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NA
76
NewEdge Advisors
New Orleans,
Louisiana
| $4.99K | -$16.1K | -120 | -78% |
|
|
SPIA
77
Steward Partners Investment Advisory
New York
| $2.35K | – | – | – |
|
78
Russell Investments Group
London,
United Kingdom
| $1.18K | -$269 | -2 | -20% |
|
|
IAIM
79
International Assets Investment Management
Orlando,
Florida
| – | -$287K | -2,220 | Closed |
|
|
FAM
80
Flaharty Asset Management
Clearwater,
Florida
| – | -$148K | -1,143 | Closed |
|
81
JP Morgan Chase
New York
| – | -$52.5K | -405 | Closed |
|
|
SWM
82
Spire Wealth Management
Mclean,
Virginia
| – | -$48.1K | -372 | Closed |
|
|
SIM
83
Synergy Investment Management
Altamonte Springs,
Florida
| – | -$47.1K | -364 | Closed |
|
|
NEWAS
84
N.E.W. Advisory Services
De Pere,
Wisconsin
| – | -$40.8K | -316 | Closed |
|
FAD Hedge Fund Activity: Q2 2025 in Review
78 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q2 2025, worth a combined $179M — up 46% from $123M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FAD positions and 6 closed out — a net gain of 7 holders — while 25 added to existing stakes and 21 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $14.2M. The largest seller was Creative Planning, cutting an estimated $3.81M.
- 78 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q2 2025, up from 71 in Q1 2025.
- Funds reported $179M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q2 2025, up 46% quarter-over-quarter.
- 13 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q2 2025 and 6 closed out, a net change of +7 holders.
- The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q2 2025 was Morgan Stanley, an estimated $14.2M added.
- The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q2 2025 was Creative Planning, an estimated $3.81M sold.
Based on aggregated 13F filings for Q2 2025.