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First Trust Emerging Markets AlphaDEX Fund
FEM

99 hedge funds and large institutions have $290M invested in First Trust Emerging Markets AlphaDEX Fund in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 40 increasing their positions, 35 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 35

12% more capital invested

Capital invested by funds: $258M → $290M (+$32M)

1.11% more ownership

Funds ownership: 69.41% → 70.52% (+1.1%)

7% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 14

1% less funds holding

Funds holding: 100 → 99 (-1)

Holders
99
Holders Change
-1
Holders Change %
-1%
% of All Funds
1.58%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
40
Reduced
35
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$11.3M
2
Bank of America
Bank of America
North Carolina
+$7.17M
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$5.84M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$4.23M
5
LPL Financial
LPL Financial
California
+$3M

Top Sellers

1
Baird Financial Group
Baird Financial Group
Wisconsin
-$3.09M
2
WIM
WealthPlan Investment Management
Nebraska
-$1.38M
3
Jane Street
Jane Street
New York
-$1.16M
4
Citadel Advisors
Citadel Advisors
Florida
-$917K
5
MCC
Money Concepts Capital
Florida
-$850K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$48.8M +$11.3M +523,124 +29%
Wells Fargo
2
Wells Fargo
California
$31.2M +$1.98M +92,095 +7%
First Trust Advisors
3
First Trust Advisors
Illinois
$27.3M +$1.27M +59,011 +5%
LPL Financial
4
LPL Financial
California
$19.2M +$3M +139,518 +18%
Carson Wealth (CWM LLC)
5
Carson Wealth (CWM LLC)
Nebraska
$18.2M +$305K +14,172 +2%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$16M +$4.23M +196,692 +35%
EWM
7
Empirical Wealth Management
Washington
$14.4M -$359K -16,682 -2%
RJFSA
8
Raymond James Financial Services Advisors
Florida
$13.2M +$5.84M +271,683 +78%
Bank of America
9
Bank of America
North Carolina
$12M +$7.17M +333,179 +144%
UBS Group
10
UBS Group
Switzerland
$12M +$704K +32,737 +6%
Envestnet Asset Management
11
Envestnet Asset Management
Illinois
$10.1M +$844K +39,257 +9%
Cetera Investment Advisers
12
Cetera Investment Advisers
Illinois
$7.68M +$49.6K +2,304 +0.6%
Cambridge Investment Research Advisors
13
Cambridge Investment Research Advisors
Iowa
$5.58M +$989K +45,961 +21%
Osaic Holdings
14
Osaic Holdings
Arizona
$5.4M +$509K +23,669 +10%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$3.55M +$13.2K +615 +0.4%
KWM
16
Kingsview Wealth Management
Oregon
$2.54M +$159K +7,406 +7%
CPIG
17
Chicago Partners Investment Group
Illinois
$2.4M +$25.6K +1,189 +1%
Jane Street
18
Jane Street
New York
$2.07M -$1.16M -54,013 -36%
SCM
19
Sebold Capital Management
Illinois
$2.04M -$77.9K -3,622 -4%
MFG
20
Midwest Financial Group
Kansas
$1.66M +$1.68M +78,203 New
WP
21
WealthPLAN Partners
Nebraska
$1.62M +$238K +11,081 +17%
Susquehanna International Group
22
Susquehanna International Group
Pennsylvania
$1.59M +$1.32M +61,397 +451%
AAS
23
Avantax Advisory Services
Texas
$1.56M -$61.3K -2,848 -4%
RJA
24
Raymond James & Associates
Florida
$1.42M -$538 -25 -0%
Rockefeller Capital Management
25
Rockefeller Capital Management
New York
$1.29M -$310K -14,394 -19%
1
2 3 4 5

FEM Hedge Fund Activity: Q1 2023 in Review

99 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Emerging Markets AlphaDEX Fund (FEM) for Q1 2023, worth a combined $290M — up 12% from $258M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FEM positions and 14 closed out — a net gain of 1 holder — while 40 added to existing stakes and 35 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $11.3M. The largest seller was Baird Financial Group, cutting an estimated $3.09M.

  • 99 institutional investors held First Trust Emerging Markets AlphaDEX Fund (FEM) as of Q1 2023, down from 100 in Q4 2022.
  • Funds reported $290M of First Trust Emerging Markets AlphaDEX Fund stock for Q1 2023, up 12% quarter-over-quarter.
  • 15 funds opened new First Trust Emerging Markets AlphaDEX Fund positions in Q1 2023 and 14 closed out, a net change of +1 holder.
  • The largest First Trust Emerging Markets AlphaDEX Fund buyer in Q1 2023 was Morgan Stanley, an estimated $11.3M added.
  • The largest First Trust Emerging Markets AlphaDEX Fund seller in Q1 2023 was Baird Financial Group, an estimated $3.09M sold.

Based on aggregated 13F filings for Q1 2023.