First Trust Emerging Markets AlphaDEX Fund
FEM
34 hedge funds and large institutions have $271M invested in First Trust Emerging Markets AlphaDEX Fund in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 6 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
217% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 6
49% more capital invested
Capital invested by funds: $182M → $271M (+$89.2M)
17% more funds holding
Funds holding: 29 → 34 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
19.99% less ownership
Funds ownership: 100.59% → 80.6% (-20%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
+$96.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.43M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$4.64M |
| 4 |
Morgan Stanley
New York
|
+$3.23M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NA
Navellier & Associates
Reno,
Nevada
|
-$23.3M |
| 2 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$5.23M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.62M |
| 4 |
IH
IFC Holdings
Tampa,
Florida
|
-$956K |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$928K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NA
26
Navellier & Associates
Reno,
Nevada
| $238K | -$23.3M | -935,988 | -99% |
|
27
HighTower Advisors
Chicago,
Illinois
| $210K | – | – | – |
|
|
DADC
28
D.A. Davidson & Co
Great Falls,
Montana
| $188K | +$15.6K | +625 | +9% |
|
29
Ameriprise
Minneapolis,
Minnesota
| $187K | -$17.2K | -690 | -8% |
|
30
AssetMark Inc
Concord,
California
| $55K | +$51.2K | +2,054 | +1,141% |
|
31
US Bancorp
Minneapolis,
Minnesota
| $18K | +$18.3K | +735 | New |
|
|
WA
32
WFG Advisors
Dallas,
Texas
| $7K | +$6.73K | +270 | New |
|
|
AIG
33
American International Group
New York
| $3.48K | – | – | – |
|
34
Citigroup
New York
| $2K | +$2.44K | +98 | New |
|
|
35
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$3.62M | -149,002 | Closed |
|
|
PFS
36
Prospera Financial Services
Dallas,
Texas
| – | -$928K | -37,406 | Closed |
|
FEM Hedge Fund Activity: Q4 2013 in Review
34 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Trust Emerging Markets AlphaDEX Fund (FEM) for Q4 2013, worth a combined $271M — up 49% from $182M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FEM positions and 2 closed out — a net gain of 5 holders — while 19 added to existing stakes and 6 trimmed.
The largest buyer was F-Squared Investment Management, adding an estimated $96.8M. The largest seller was Navellier & Associates, cutting an estimated $23.3M.
- 34 institutional investors held First Trust Emerging Markets AlphaDEX Fund (FEM) as of Q4 2013, up from 29 in Q3 2013.
- Funds reported $271M of First Trust Emerging Markets AlphaDEX Fund stock for Q4 2013, up 49% quarter-over-quarter.
- 7 funds opened new First Trust Emerging Markets AlphaDEX Fund positions in Q4 2013 and 2 closed out, a net change of +5 holders.
- The largest First Trust Emerging Markets AlphaDEX Fund buyer in Q4 2013 was F-Squared Investment Management, an estimated $96.8M added.
- The largest First Trust Emerging Markets AlphaDEX Fund seller in Q4 2013 was Navellier & Associates, an estimated $23.3M sold.
Based on aggregated 13F filings for Q4 2013.