First Trust Emerging Markets AlphaDEX Fund
FEM
104 hedge funds and large institutions have $373M invested in First Trust Emerging Markets AlphaDEX Fund in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 51 reducing their positions, and 18 closing their positions.
0.95% more ownership
Funds ownership: 63.23% → 64.18% (+0.95%)
5% less funds holding
Funds holding: 109 → 104 (-5)
17% less capital invested
Capital invested by funds: $449M → $373M (-$75.6M)
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
45% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 51
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.32M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$3.17M |
| 3 |
EWM
Empirical Wealth Management
Seattle,
Washington
|
+$2.67M |
| 4 |
Jane Street
New York
|
+$1.65M |
| 5 |
LFG
Larson Financial Group
St Louis,
Missouri
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$17.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$11.3M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$9.15M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$5.07M |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
-$4.16M |
FEM Hedge Fund Activity: Q3 2019 in Review
104 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in First Trust Emerging Markets AlphaDEX Fund (FEM) for Q3 2019, worth a combined $373M — down 17% from $449M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FEM and 13 opened new positions — a net loss of 5 holders — while 51 trimmed existing stakes and 28 added.
The largest buyer was Royal Bank of Canada, adding an estimated $4.32M. The largest seller was Morgan Stanley, cutting an estimated $17.3M.
- 104 institutional investors held First Trust Emerging Markets AlphaDEX Fund (FEM) as of Q3 2019, down from 109 in Q2 2019.
- Funds reported $373M of First Trust Emerging Markets AlphaDEX Fund stock for Q3 2019, down 17% quarter-over-quarter.
- 13 funds opened new First Trust Emerging Markets AlphaDEX Fund positions in Q3 2019 and 18 closed out, a net change of -5 holders.
- The largest First Trust Emerging Markets AlphaDEX Fund buyer in Q3 2019 was Royal Bank of Canada, an estimated $4.32M added.
- The largest First Trust Emerging Markets AlphaDEX Fund seller in Q3 2019 was Morgan Stanley, an estimated $17.3M sold.
Based on aggregated 13F filings for Q3 2019.