First Trust Emerging Markets Small Cap AlphaDEX Fund
FEMS
68 hedge funds and large institutions have $152M invested in First Trust Emerging Markets Small Cap AlphaDEX Fund in 2026 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 22
9% more capital invested
Capital invested by funds: $139M → $152M (+$12.9M)
1.13% more ownership
Funds ownership: 57.79% → 58.92% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
3% less funds holding
Funds holding: 70 → 68 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$3.29M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.3M |
| 3 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$612K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$497K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$445K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$2.43M |
| 2 |
TPA
Trivium Point Advisory
Westport,
Connecticut
|
-$2.1M |
| 3 |
6F
626 Financial
Portage,
Michigan
|
-$1.11M |
| 4 |
OC
Oppenheimer & Co
New York
|
-$927K |
| 5 |
LWP
LeClair Wealth Partners
Dublin,
Ohio
|
-$775K |
FEMS Hedge Fund Activity: Q1 2026 in Review
68 of the 8,187 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.