First Trust Emerging Markets AlphaDEX Fund
FEM
40 hedge funds and large institutions have $317M invested in First Trust Emerging Markets AlphaDEX Fund in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 11 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8.01% less ownership
Funds ownership: 81.33% → 73.32% (-8%)
11% less funds holding
Funds holding: 45 → 40 (-5)
16% less capital invested
Capital invested by funds: $376M → $317M (-$58.7M)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$7.3M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.51M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.85M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.63M |
| 5 |
Goldman Sachs
New York
|
+$967K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
-$43.6M |
| 2 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$9.13M |
| 3 |
Morgan Stanley
New York
|
-$3.44M |
| 4 |
FHA
First Horizon Advisors
Memphis,
Tennessee
|
-$2.79M |
| 5 |
LPL Financial
San Diego,
California
|
-$1.33M |
FEM Hedge Fund Activity: Q3 2014 in Review
40 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Trust Emerging Markets AlphaDEX Fund (FEM) for Q3 2014, worth a combined $317M — down 16% from $376M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FEM and 6 opened new positions — a net loss of 5 holders — while 14 trimmed existing stakes and 20 added.
The largest buyer was Jane Street, adding an estimated $7.3M. The largest seller was F-Squared Investment Management, cutting an estimated $43.6M.
- 40 institutional investors held First Trust Emerging Markets AlphaDEX Fund (FEM) as of Q3 2014, down from 45 in Q2 2014.
- Funds reported $317M of First Trust Emerging Markets AlphaDEX Fund stock for Q3 2014, down 16% quarter-over-quarter.
- 6 funds opened new First Trust Emerging Markets AlphaDEX Fund positions in Q3 2014 and 11 closed out, a net change of -5 holders.
- The largest First Trust Emerging Markets AlphaDEX Fund buyer in Q3 2014 was Jane Street, an estimated $7.3M added.
- The largest First Trust Emerging Markets AlphaDEX Fund seller in Q3 2014 was F-Squared Investment Management, an estimated $43.6M sold.
Based on aggregated 13F filings for Q3 2014.