First Trust Emerging Markets Small Cap AlphaDEX Fund
FEMS
70 hedge funds and large institutions have $139M invested in First Trust Emerging Markets Small Cap AlphaDEX Fund in 2025 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 29 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
11% more funds holding
Funds holding: 63 → 70 (+7)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4.14% less ownership
Funds ownership: 61.93% → 57.79% (-4.1%)
14% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 29
19% less capital invested
Capital invested by funds: $171M → $139M (-$31.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VA
VestGen Advisors
Inverness,
Illinois
|
+$1.19M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$1.06M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$445K |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$336K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$223K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$5.9M |
| 2 |
LPL Financial
San Diego,
California
|
-$5.11M |
| 3 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$4.44M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$4.23M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.82M |
FEMS Hedge Fund Activity: Q4 2025 in Review
70 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) for Q4 2025, worth a combined $139M — down 19% from $171M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FEMS positions and 2 closed out — a net gain of 7 holders — while 25 added to existing stakes and 29 trimmed.
The largest buyer was VestGen Advisors, adding an estimated $1.19M. The largest seller was Old Mission Capital, cutting an estimated $5.9M.
- 70 institutional investors held First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) as of Q4 2025, up from 63 in Q3 2025.
- Funds reported $139M of First Trust Emerging Markets Small Cap AlphaDEX Fund stock for Q4 2025, down 19% quarter-over-quarter.
- 9 funds opened new First Trust Emerging Markets Small Cap AlphaDEX Fund positions in Q4 2025 and 2 closed out, a net change of +7 holders.
- The largest First Trust Emerging Markets Small Cap AlphaDEX Fund buyer in Q4 2025 was VestGen Advisors, an estimated $1.19M added.
- The largest First Trust Emerging Markets Small Cap AlphaDEX Fund seller in Q4 2025 was Old Mission Capital, an estimated $5.9M sold.
Based on aggregated 13F filings for Q4 2025.