First Trust Emerging Markets AlphaDEX Fund
FEM
141 hedge funds and large institutions have $547M invested in First Trust Emerging Markets AlphaDEX Fund in 2026 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 67 increasing their positions, 21 reducing their positions, and 5 closing their positions.
540% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 5
219% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 21
49% more capital invested
Capital invested by funds: $368M → $547M (+$179M)
22% more funds holding
Funds holding: 116 → 141 (+25)
10.91% more ownership
Funds ownership: 76.84% → 87.75% (+11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$26.8M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$21.8M |
| 3 |
TAM
TCP Asset Management
Columbus,
Ohio
|
+$13.1M |
| 4 |
LPL Financial
San Diego,
California
|
+$11.8M |
| 5 |
Morgan Stanley
New York
|
+$9.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.53M |
| 2 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
-$1.03M |
| 3 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
-$1.01M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$650K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$462K |
FEM Hedge Fund Activity: Q1 2026 in Review
141 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in First Trust Emerging Markets AlphaDEX Fund (FEM) for Q1 2026, worth a combined $547M — up 49% from $368M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new FEM positions and 5 closed out — a net gain of 27 holders — while 67 added to existing stakes and 21 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $26.8M. The largest seller was Royal Bank of Canada, cutting an estimated $4.53M.
- 141 institutional investors held First Trust Emerging Markets AlphaDEX Fund (FEM) as of Q1 2026, up from 116 in Q4 2025.
- Funds reported $547M of First Trust Emerging Markets AlphaDEX Fund stock for Q1 2026, up 49% quarter-over-quarter.
- 32 funds opened new First Trust Emerging Markets AlphaDEX Fund positions in Q1 2026 and 5 closed out, a net change of +27 holders.
- The largest First Trust Emerging Markets AlphaDEX Fund buyer in Q1 2026 was Jane Street, an estimated $26.8M added.
- The largest First Trust Emerging Markets AlphaDEX Fund seller in Q1 2026 was Royal Bank of Canada, an estimated $4.53M sold.
Based on aggregated 13F filings for Q1 2026.