First Trust Multi Cap Growth AlphaDEX Fund
FAD
83 hedge funds and large institutions have $228M invested in First Trust Multi Cap Growth AlphaDEX Fund in 2025 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 33 increasing their positions, 26 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
27% more capital invested
Capital invested by funds: $179M → $228M (+$49M)
27% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 26
6% more funds holding
Funds holding: 78 → 83 (+5)
3.59% more ownership
Funds ownership: 62.53% → 66.13% (+3.6%)
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
|
+$14.4M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$6.69M |
| 3 |
SIM
Synergy Investment Management
Altamonte Springs,
Florida
|
+$4.02M |
| 4 |
LPL Financial
San Diego,
California
|
+$3.76M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$2.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
-$2.59M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$922K |
| 3 |
Two Sigma Investments
New York
|
-$808K |
| 4 |
NS
NBC Securities
Birmingham,
Alabama
|
-$570K |
| 5 |
VF
Virtu Financial
New York
|
-$385K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
William Blair & Company
Chicago,
Illinois
| $18.5K | +$3.52K | +23 | +25% |
|
77
Comerica Bank
Dallas,
Texas
| $14.8K | -$1.84K | -12 | -12% |
|
|
SIS
78
Sound Income Strategies
Ft Lauderdale,
Florida
| $14.6K | – | – | – |
|
|
BTI
79
Blue Trust Inc
Alpharetta,
Georgia
| $13.5K | – | – | – |
|
80
JP Morgan Chase
New York
| $6.39K | +$5.97K | +39 | New |
|
|
NA
81
NewEdge Advisors
New Orleans,
Louisiana
| $5.46K | – | – | – |
|
|
SPIA
82
Steward Partners Investment Advisory
New York
| $2.57K | – | – | – |
|
83
Russell Investments Group
London,
United Kingdom
| $963 | -$306 | -2 | -25% |
|
|
84
Two Sigma Investments
New York
| – | -$808K | -5,500 | Closed |
|
|
VF
85
Virtu Financial
New York
| – | -$385K | -2,623 | Closed |
|
|
TSMHT
86
Thurston Springer Miller Herd & Titak
Indianapolis,
Indiana
| – | -$103K | -699 | Closed |
|
|
LFA
87
Legend Financial Advisors
Pittsburgh,
Pennsylvania
| – | -$7.34K | -50 | Closed |
|
FAD Hedge Fund Activity: Q3 2025 in Review
83 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi Cap Growth AlphaDEX Fund (FAD) for Q3 2025, worth a combined $228M — up 27% from $179M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FAD positions and 4 closed out — a net gain of 5 holders — while 33 added to existing stakes and 26 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $14.4M. The largest seller was Raymond James Financial, cutting an estimated $2.59M.
- 83 institutional investors held First Trust Multi Cap Growth AlphaDEX Fund (FAD) as of Q3 2025, up from 78 in Q2 2025.
- Funds reported $228M of First Trust Multi Cap Growth AlphaDEX Fund stock for Q3 2025, up 27% quarter-over-quarter.
- 9 funds opened new First Trust Multi Cap Growth AlphaDEX Fund positions in Q3 2025 and 4 closed out, a net change of +5 holders.
- The largest First Trust Multi Cap Growth AlphaDEX Fund buyer in Q3 2025 was Morgan Stanley, an estimated $14.4M added.
- The largest First Trust Multi Cap Growth AlphaDEX Fund seller in Q3 2025 was Raymond James Financial, an estimated $2.59M sold.
Based on aggregated 13F filings for Q3 2025.