First Trust Emerging Markets Small Cap AlphaDEX Fund
FEMS
66 hedge funds and large institutions have $152M invested in First Trust Emerging Markets Small Cap AlphaDEX Fund in 2026 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 29 increasing their positions, 20 reducing their positions, and 8 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 20
0.99% more ownership
Funds ownership: 58.92% → 59.91% (+0.99%)
0% less capital invested
Capital invested by funds: $152M → $152M (-$57K)
3% less funds holding
Funds holding: 68 → 66 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.4M |
| 2 |
TPA
Trivium Point Advisory
Westport,
Connecticut
|
+$2.09M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$1.54M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.4M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$3.73M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$3.3M |
| 3 |
Morgan Stanley
New York
|
-$1.58M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$1.22M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
-$866K |
FEMS Hedge Fund Activity: Q2 2026 in Review
66 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) for Q2 2026, worth a combined $152M — down 0.04% from $152M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FEMS and 7 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 29 added.
The largest buyer was Wells Fargo, adding an estimated $2.4M. The largest seller was NewEdge Advisors, exiting entirely with an estimated $3.73M sold.
- 66 institutional investors held First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) as of Q2 2026, down from 68 in Q1 2026.
- Funds reported $152M of First Trust Emerging Markets Small Cap AlphaDEX Fund stock for Q2 2026, down 0.04% quarter-over-quarter.
- 7 funds opened new First Trust Emerging Markets Small Cap AlphaDEX Fund positions in Q2 2026 and 8 closed out, a net change of -1 holder.
- The largest First Trust Emerging Markets Small Cap AlphaDEX Fund buyer in Q2 2026 was Wells Fargo, an estimated $2.4M added.
- The largest First Trust Emerging Markets Small Cap AlphaDEX Fund seller in Q2 2026 was NewEdge Advisors, an estimated $3.73M sold.
Based on aggregated 13F filings for Q2 2026.