First Trust Canada AlphaDEX Fund
FCAN
FCAN was delisted on the 28th of October, 2020.
23 hedge funds and large institutions have $22.1M invested in First Trust Canada AlphaDEX Fund in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 2 increasing their positions, 13 reducing their positions, and 16 closing their positions.
30% less funds holding
Funds holding: 33 → 23 (-10)
56% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 16
85% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 13
87% less capital invested
Capital invested by funds: $172M → $22.1M (-$150M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.03M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$426K |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$276K |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$265K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$62.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
-$107M |
| 2 |
Morgan Stanley
New York
|
-$9.3M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$6.35M |
| 4 |
AP
Atwood & Palmer
Kansas City,
Missouri
|
-$5.66M |
| 5 |
JP Morgan Chase
New York
|
-$2.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
JP Morgan Chase
New York
| – | -$2.3M | -64,264 | Closed |
|
|
RJA
27
Raymond James & Associates
St Petersburg,
Florida
| – | -$1.77M | -49,517 | Closed |
|
28
Jane Street
New York
| – | -$1.16M | -32,492 | Closed |
|
29
Ameriprise
Minneapolis,
Minnesota
| – | -$1.11M | -31,094 | Closed |
|
30
Stifel Financial
St. Louis,
Missouri
| – | -$849K | -23,702 | Closed |
|
31
LPL Financial
San Diego,
California
| – | -$655K | -18,485 | Closed |
|
|
WA
32
WESPAC Advisors
Orinda,
California
| – | -$456K | -12,719 | Closed |
|
|
B
33
Baird
Milwaukee,
Wisconsin
| – | -$376K | -10,486 | Closed |
|
|
SI
34
Stephens Inc
Little Rock,
Arkansas
| – | -$371K | -10,371 | Closed |
|
35
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$236K | -6,580 | Closed |
|
|
WEC
36
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$40.6K | -1,134 | Closed |
|
|
NES
37
New England Securities
New York
| – | -$22K | -612 | Closed |
|
|
MFS
38
MSI Financial Services
Springfield,
Massachusetts
| – | -$11K | -306 | Closed |
|
39
Parallax Volatility Advisers
San Francisco,
California
| – | +$33 | +1 | New |
|
FCAN Hedge Fund Activity: Q4 2014 in Review
23 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in First Trust Canada AlphaDEX Fund (FCAN) for Q4 2014, worth a combined $22.1M — down 87% from $172M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FCAN and 7 opened new positions — a net loss of 9 holders — while 13 trimmed existing stakes and 2 added.
The largest buyer was Bank of America, adding an estimated $1.03M. The largest seller was F-Squared Investment Management, exiting entirely with an estimated $107M sold.
- 23 institutional investors held First Trust Canada AlphaDEX Fund (FCAN) as of Q4 2014, down from 33 in Q3 2014.
- Funds reported $22.1M of First Trust Canada AlphaDEX Fund stock for Q4 2014, down 87% quarter-over-quarter.
- 7 funds opened new First Trust Canada AlphaDEX Fund positions in Q4 2014 and 16 closed out, a net change of -9 holders.
- The largest First Trust Canada AlphaDEX Fund buyer in Q4 2014 was Bank of America, an estimated $1.03M added.
- The largest First Trust Canada AlphaDEX Fund seller in Q4 2014 was F-Squared Investment Management, an estimated $107M sold.
Based on aggregated 13F filings for Q4 2014.