First Trust Emerging Markets Small Cap AlphaDEX Fund
FEMS
63 hedge funds and large institutions have $171M invested in First Trust Emerging Markets Small Cap AlphaDEX Fund in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 24 increasing their positions, 27 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
2% more funds holding
Funds holding: 62 → 63 (+1)
5% more capital invested
Capital invested by funds: $163M → $171M (+$7.76M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3.87% less ownership
Funds ownership: 65.81% → 61.93% (-3.9%)
11% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
+$2.35M |
| 2 |
Jane Street
New York
|
+$1.85M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$544K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$394K |
| 5 |
HAS
HBW Advisory Services
Simi Valley,
California
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
-$6.61M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$2.87M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.99M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$354K |
| 5 |
SWTS
Stonehaven Wealth & Tax Solutions
Appleton,
Wisconsin
|
-$317K |
FEMS Hedge Fund Activity: Q3 2025 in Review
63 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) for Q3 2025, worth a combined $171M — up 4.8% from $163M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FEMS positions and 1 closed out — a net gain of 2 holders — while 24 added to existing stakes and 27 trimmed.
The largest buyer was Flow Traders U.S., opening a new position worth an estimated $2.35M. The largest seller was Raymond James Financial, cutting an estimated $6.61M.
- 63 institutional investors held First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) as of Q3 2025, up from 62 in Q2 2025.
- Funds reported $171M of First Trust Emerging Markets Small Cap AlphaDEX Fund stock for Q3 2025, up 4.8% quarter-over-quarter.
- 3 funds opened new First Trust Emerging Markets Small Cap AlphaDEX Fund positions in Q3 2025 and 1 closed out, a net change of +2 holders.
- The largest First Trust Emerging Markets Small Cap AlphaDEX Fund buyer in Q3 2025 was Flow Traders U.S., an estimated $2.35M added.
- The largest First Trust Emerging Markets Small Cap AlphaDEX Fund seller in Q3 2025 was Raymond James Financial, an estimated $6.61M sold.
Based on aggregated 13F filings for Q3 2025.