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, 19 increasing their positions, 22 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
12% more capital invested
Capital invested by funds: $90.5M → $101M (+$10.7M)
2% more funds holding
Funds holding: 56 → 57 (+1)
0.4% more ownership
Funds ownership: 52.01% → 52.42% (+0.4%)
14% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 22
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 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$2.11M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$830K |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$453K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$386K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$345K |
FAD Hedge Fund Activity: Q1 2024 in Review
57 of the 6,958 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 12% from $90.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FAD positions and 4 closed out — a net gain of 1 holder — while 19 added to existing stakes and 22 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $2.07M. The largest seller was D.A. Davidson & Co, exiting entirely with an estimated $2.11M sold.
- 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 12% 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 D.A. Davidson & Co, an estimated $2.11M sold.
Based on aggregated 13F filings for Q1 2024.