First Trust Developed Markets ex-US AlphaDEX Fund
100 hedge funds and large institutions have $776M invested in First Trust Developed Markets ex-US AlphaDEX Fund in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 43 increasing their positions, 38 reducing their positions, and 18 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 38
5.86% less ownership
Funds ownership: 73.15% → 67.29% (-5.9%)
10% less funds holding
Funds holding: 111 → 100 (-11)
13% less capital invested
Capital invested by funds: $892M → $776M (-$116M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
61% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFNAS
American Financial Network Advisory Services
Calabasas,
California
|
+$12.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$6.04M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$2.51M |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
+$2.23M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$1.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWA
SFMG Wealth Advisors
Plano,
Texas
|
-$42.8M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$20.4M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$15.1M |
| 4 |
Jane Street
New York
|
-$11.1M |
| 5 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
-$8.26M |
FDT Hedge Fund Activity: Q3 2018 in Review
100 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in First Trust Developed Markets ex-US AlphaDEX Fund (FDT) for Q3 2018, worth a combined $776M — down 13% from $892M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FDT and 7 opened new positions — a net loss of 11 holders — while 38 trimmed existing stakes and 43 added.
The largest buyer was American Financial Network Advisory Services, adding an estimated $12.2M. The largest seller was SFMG Wealth Advisors, exiting entirely with an estimated $42.8M sold.
- 100 institutional investors held First Trust Developed Markets ex-US AlphaDEX Fund (FDT) as of Q3 2018, down from 111 in Q2 2018.
- Funds reported $776M of First Trust Developed Markets ex-US AlphaDEX Fund stock for Q3 2018, down 13% quarter-over-quarter.
- 7 funds opened new First Trust Developed Markets ex-US AlphaDEX Fund positions in Q3 2018 and 18 closed out, a net change of -11 holders.
- The largest First Trust Developed Markets ex-US AlphaDEX Fund buyer in Q3 2018 was American Financial Network Advisory Services, an estimated $12.2M added.
- The largest First Trust Developed Markets ex-US AlphaDEX Fund seller in Q3 2018 was SFMG Wealth Advisors, an estimated $42.8M sold.
Based on aggregated 13F filings for Q3 2018.