First Trust Emerging Markets Small Cap AlphaDEX Fund
FEMS
73 hedge funds and large institutions have $201M invested in First Trust Emerging Markets Small Cap AlphaDEX Fund in 2023 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 29 increasing their positions, 13 reducing their positions, and 7 closing their positions.
229% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 7
123% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 13
90% more capital invested
Capital invested by funds: $106M → $201M (+$94.9M)
26% more funds holding
Funds holding: 58 → 73 (+15)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
14.86% less ownership
Funds ownership: 83.56% → 68.7% (-15%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$25.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$19.4M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$13.1M |
| 4 |
DWP
Destiny Wealth Partners
Tavares,
Florida
|
+$10.5M |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
+$8.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$5.18M |
| 2 |
WIM
WealthPlan Investment Management
Omaha,
Nebraska
|
-$3.21M |
| 3 |
6F
626 Financial
Portage,
Michigan
|
-$546K |
| 4 |
EAM
Empirical Asset Management
Wellesley,
Massachusetts
|
-$533K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$405K |
FEMS Hedge Fund Activity: Q1 2023 in Review
73 of the 6,285 institutional investors tracked by Wall St. Rank reported a position in First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) for Q1 2023, worth a combined $201M — up 90% from $106M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FEMS positions and 7 closed out — a net gain of 16 holders — while 29 added to existing stakes and 13 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $25.5M. The largest seller was Financial Advocates Investment Management, exiting entirely with an estimated $5.18M sold.
- 73 institutional investors held First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) as of Q1 2023, up from 58 in Q4 2022.
- Funds reported $201M of First Trust Emerging Markets Small Cap AlphaDEX Fund stock for Q1 2023, up 90% quarter-over-quarter.
- 23 funds opened new First Trust Emerging Markets Small Cap AlphaDEX Fund positions in Q1 2023 and 7 closed out, a net change of +16 holders.
- The largest First Trust Emerging Markets Small Cap AlphaDEX Fund buyer in Q1 2023 was Morgan Stanley, an estimated $25.5M added.
- The largest First Trust Emerging Markets Small Cap AlphaDEX Fund seller in Q1 2023 was Financial Advocates Investment Management, an estimated $5.18M sold.
Based on aggregated 13F filings for Q1 2023.