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First Trust Emerging Markets AlphaDEX Fund

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.

New
Increased
Maintained
Reduced
Closed

0.95% more ownership

Funds ownership: 63.23%64.18% (+0.95%)

5% less funds holding

Funds holding: 109104 (-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: 10 (-1)

Holders
104
Holders Change
-5
Holders Change %
-4.59%
% of All Funds
2.28%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
13
Increased
28
Reduced
51
Closed
18
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$70.8M -$17.3M -717,407 -19%
Wells Fargo
2
Wells Fargo
California
$61.5M -$11.3M -469,822 -15%
Bank of America
3
Bank of America
North Carolina
$35M -$5.07M -209,835 -12%
UBS Group
4
UBS Group
Switzerland
$20.7M -$565K -23,382 -3%
PAG
5
Private Advisor Group
New Jersey
$20.1M +$1.03M +42,530 +5%
LPL Financial
6
LPL Financial
California
$18.3M -$407K -16,838 -2%
RJFSA
7
Raymond James Financial Services Advisors
Florida
$16.6M -$2.7M -111,884 -14%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$13.8M +$4.32M +178,887 +44%
RJA
9
Raymond James & Associates
Florida
$8.42M -$1.33M -54,913 -13%
Envestnet Asset Management
10
Envestnet Asset Management
Illinois
$8.42M +$811K +33,592 +10%
Baird Financial Group
11
Baird Financial Group
Wisconsin
$7.48M -$330K -13,654 -4%
PA
12
Pinnacle Associates
New York
$5.84M -$1.19M -49,269 -17%
Stifel Financial
13
Stifel Financial
Missouri
$5.82M +$3.17M +131,271 +113%
Carson Wealth (CWM LLC)
14
Carson Wealth (CWM LLC)
Nebraska
$4.95M
MML Investors Services
15
MML Investors Services
Massachusetts
$4.51M -$67K -2,775 -1%
DADC
16
D.A. Davidson & Co
Montana
$4.21M +$55.2K +2,287 +1%
EWM
17
Empirical Wealth Management
Washington
$4.13M +$2.67M +110,426 +170%
AG
18
Advisor Group
Arizona
$3.65M -$4.16M -172,401 -53%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$3.4M +$158K +6,523 +5%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$3.15M +$176K +7,288 +6%
JP Morgan Chase
21
JP Morgan Chase
New York
$3M -$40.5K -1,679 -1%
GIA
22
Gladstone Institutional Advisory
Florida
$2.94M +$602K +24,944 +25%
WI
23
Wintrust Investments
Illinois
$2.57M +$53.9K +2,234 +2%
HH
24
Hilltop Holdings
Texas
$2.38M -$5K -207 -0.2%
Janney Montgomery Scott
25
Janney Montgomery Scott
Pennsylvania
$2.3M -$868K -35,931 -27%

FEM Hedge Fund Activity: Q3 2019 in Review

104 of the 4,561 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.