First Trust Europe AlphaDEX Fund
FEP
33 hedge funds and large institutions have $334M invested in First Trust Europe AlphaDEX Fund in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 14 increasing their positions, 4 reducing their positions, and 5 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 4
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
143% more capital invested
Capital invested by funds: $138M → $334M (+$196M)
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
32% more funds holding
Funds holding: 25 → 33 (+8)
6.49% less ownership
Funds ownership: 88.32% → 81.83% (-6.5%)
Top Buyers
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
+$116M |
| 2 |
Morgan Stanley
New York
|
+$41.3M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$14.1M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$9.24M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$5.49M |
Top Sellers
| 1 |
NA
Navellier & Associates
Reno,
Nevada
|
-$27.1M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.99M |
| 3 |
JG
Jefferies Group
New York
|
-$1.34M |
| 4 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$1.01M |
| 5 |
FHA
First Horizon Advisors
Memphis,
Tennessee
|
-$322K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFC
26
Regions Financial Corp
Birmingham,
Alabama
| $234K | – | – | – |
|
|
PTC
27
Private Trust Company
Cleveland,
Ohio
| $121K | +$116K | +3,633 | New |
|
28
Ameriprise
Minneapolis,
Minnesota
| $38K | +$36K | +1,127 | New |
|
29
Citigroup
New York
| $23K | +$22K | +687 | New |
|
30
US Bancorp
Minneapolis,
Minnesota
| $23K | +$22.3K | +699 | New |
|
|
FNBT
31
FineMark National Bank & Trust
Fort Myers,
Florida
| $6K | +$5.72K | +179 | New |
|
|
MFS
32
MSI Financial Services
Springfield,
Massachusetts
| $3K | – | – | – |
|
|
FHA
33
First Horizon Advisors
Memphis,
Tennessee
| $2K | -$322K | -10,079 | -99% |
|
|
NA
34
Navellier & Associates
Reno,
Nevada
| – | -$27.1M | -878,005 | Closed |
|
|
35
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.99M | -64,601 | Closed |
|
|
JG
36
Jefferies Group
New York
| – | -$1.34M | -43,468 | Closed |
|
|
PFS
37
Prospera Financial Services
Dallas,
Texas
| – | -$1.01M | -32,450 | Closed |
|
38
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$233K | -7,540 | Closed |
|
FEP Hedge Fund Activity: Q4 2013 in Review
33 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Trust Europe AlphaDEX Fund (FEP) for Q4 2013, worth a combined $334M — up 143% from $138M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FEP positions and 5 closed out — a net gain of 8 holders — while 14 added to existing stakes and 4 trimmed.
The largest buyer was F-Squared Investment Management, adding an estimated $116M. The largest seller was Navellier & Associates, exiting entirely with an estimated $27.1M sold.
- 33 institutional investors held First Trust Europe AlphaDEX Fund (FEP) as of Q4 2013, up from 25 in Q3 2013.
- Funds reported $334M of First Trust Europe AlphaDEX Fund stock for Q4 2013, up 143% quarter-over-quarter.
- 13 funds opened new First Trust Europe AlphaDEX Fund positions in Q4 2013 and 5 closed out, a net change of +8 holders.
- The largest First Trust Europe AlphaDEX Fund buyer in Q4 2013 was F-Squared Investment Management, an estimated $116M added.
- The largest First Trust Europe AlphaDEX Fund seller in Q4 2013 was Navellier & Associates, an estimated $27.1M sold.
Based on aggregated 13F filings for Q4 2013.