First Trust Europe AlphaDEX Fund
FEP
55 hedge funds and large institutions have $499M invested in First Trust Europe AlphaDEX Fund in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 14 closing their positions.
4.36% less ownership
Funds ownership: 74.98% → 70.62% (-4.4%)
8% less funds holding
Funds holding: 60 → 55 (-5)
14% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 22
27% less capital invested
Capital invested by funds: $686M → $499M (-$186M)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$25.2M |
| 2 |
SG Americas Securities
New York
|
+$15.3M |
| 3 |
B
Baird
Milwaukee,
Wisconsin
|
+$2.77M |
| 4 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$1.55M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$850K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$59.6M |
| 2 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
-$27M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$12M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$11.1M |
| 5 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
-$10.4M |
FEP Hedge Fund Activity: Q3 2014 in Review
55 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in First Trust Europe AlphaDEX Fund (FEP) for Q3 2014, worth a combined $499M — down 27% from $686M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FEP and 9 opened new positions — a net loss of 5 holders — while 22 trimmed existing stakes and 19 added.
The largest buyer was Susquehanna International Group, adding an estimated $25.2M. The largest seller was Morgan Stanley, cutting an estimated $59.6M.
- 55 institutional investors held First Trust Europe AlphaDEX Fund (FEP) as of Q3 2014, down from 60 in Q2 2014.
- Funds reported $499M of First Trust Europe AlphaDEX Fund stock for Q3 2014, down 27% quarter-over-quarter.
- 9 funds opened new First Trust Europe AlphaDEX Fund positions in Q3 2014 and 14 closed out, a net change of -5 holders.
- The largest First Trust Europe AlphaDEX Fund buyer in Q3 2014 was Susquehanna International Group, an estimated $25.2M added.
- The largest First Trust Europe AlphaDEX Fund seller in Q3 2014 was Morgan Stanley, an estimated $59.6M sold.
Based on aggregated 13F filings for Q3 2014.