First Trust Emerging Markets Small Cap AlphaDEX Fund

FEMS

Market cap $250M

FEMS Hedge Fund Activity: Q1 2026 in Review

68 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) for Q1 2026, worth a combined $152M — up 9.3% from $139M a quarter earlier.

Fund positioning in FEMS was balanced in Q1 2026: 6 funds opened new positions, 6 closed out, 33 added to existing stakes and 22 trimmed.

The largest buyer was Independent Advisor Alliance, opening a new position worth an estimated $3.29M. The largest seller was Jane Street, cutting an estimated $2.43M.

• 68 institutional investors held First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) as of Q1 2026, down from 70 in Q4 2025.
• Funds reported $152M of First Trust Emerging Markets Small Cap AlphaDEX Fund stock for Q1 2026, up 9.3% quarter-over-quarter.
• 6 funds opened new First Trust Emerging Markets Small Cap AlphaDEX Fund positions in Q1 2026 and 6 closed out, a net change of 0 holders.
• The largest First Trust Emerging Markets Small Cap AlphaDEX Fund buyer in Q1 2026 was Independent Advisor Alliance, an estimated $3.29M added.
• The largest First Trust Emerging Markets Small Cap AlphaDEX Fund seller in Q1 2026 was Jane Street, an estimated $2.43M sold.

Based on aggregated 13F filings for Q1 2026.