First Trust Emerging Markets AlphaDEX Fund
FEM
153 hedge funds and large institutions have $593M invested in First Trust Emerging Markets AlphaDEX Fund in 2026 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 71 increasing their positions, 33 reducing their positions, and 11 closing their positions.
145% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 11
115% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 33
9% more funds holding
Funds holding: 141 → 153 (+12)
8% more capital invested
Capital invested by funds: $547M → $593M (+$45.7M)
9.31% less ownership
Funds ownership: 87.75% → 78.44% (-9.3%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$15.8M |
| 2 |
Morgan Stanley
New York
|
+$10M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$4.47M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$4.03M |
| 5 |
RBFC
Roman Butler Fullerton & Co
St Louis,
Missouri
|
+$3.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$27.8M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$5.57M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$2.8M |
| 4 |
WWMP
Wagner Wealth Management (Pennsylvania)
Conyngham,
Pennsylvania
|
-$2.77M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$2.62M |
FEM Hedge Fund Activity: Q2 2026 in Review
153 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in First Trust Emerging Markets AlphaDEX Fund (FEM) for Q2 2026, worth a combined $593M — up 8.3% from $547M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FEM positions and 11 closed out — a net gain of 16 holders — while 71 added to existing stakes and 33 trimmed.
The largest buyer was LPL Financial, adding an estimated $15.8M. The largest seller was Jane Street, cutting an estimated $27.8M.
- 153 institutional investors held First Trust Emerging Markets AlphaDEX Fund (FEM) as of Q2 2026, up from 141 in Q1 2026.
- Funds reported $593M of First Trust Emerging Markets AlphaDEX Fund stock for Q2 2026, up 8.3% quarter-over-quarter.
- 27 funds opened new First Trust Emerging Markets AlphaDEX Fund positions in Q2 2026 and 11 closed out, a net change of +16 holders.
- The largest First Trust Emerging Markets AlphaDEX Fund buyer in Q2 2026 was LPL Financial, an estimated $15.8M added.
- The largest First Trust Emerging Markets AlphaDEX Fund seller in Q2 2026 was Jane Street, an estimated $27.8M sold.
Based on aggregated 13F filings for Q2 2026.