First Trust Europe AlphaDEX Fund
FEP
45 hedge funds and large institutions have $126M invested in First Trust Europe AlphaDEX Fund in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 25 reducing their positions, and 17 closing their positions.
18% less funds holding
Funds holding: 55 → 45 (-10)
31.15% less ownership
Funds ownership: 70.62% → 39.47% (-31%)
53% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 17
68% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 25
75% less capital invested
Capital invested by funds: $499M → $126M (-$374M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAS
IMA Advisory Services
Denver,
Colorado
|
+$3.18M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$977K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$557K |
| 4 |
Citigroup
New York
|
+$370K |
| 5 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
+$369K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
-$209M |
| 2 |
Morgan Stanley
New York
|
-$31.5M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$25.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$13.3M |
| 5 |
SG Americas Securities
New York
|
-$10.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFS
51
Prospera Financial Services
Dallas,
Texas
| – | -$557K | -18,100 | Closed |
|
|
ACP
52
Ashfield Capital Partners
San Francisco,
California
| – | -$301K | -9,795 | Closed |
|
|
WS
53
Wedbush Securities
Los Angeles,
California
| – | -$281K | -9,132 | Closed |
|
|
PTC
54
Private Trust Company
Cleveland,
Ohio
| – | -$112K | -3,633 | Closed |
|
|
FMA
55
FNY Managed Accounts
New York
| – | -$92.3K | -3,000 | Closed |
|
56
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$45K | -1,464 | Closed |
|
|
SCA
57
Strategic Capital Alternatives
Gig Harbor,
United States
| – | -$18K | -591 | Closed |
|
|
S
58
SignatureFD
Atlanta,
Georgia
| – | -$17K | -541 | Closed |
|
|
SAM
59
Shamrock Asset Management
Dallas,
Texas
| – | -$16K | -504 | Closed |
|
60
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$2K | -75 | Closed |
|
|
WC
61
Whitnell & Co
Oak Brook,
Illinois
| – | -$2K | -71 | Closed |
|
62
Parallax Volatility Advisers
San Francisco,
California
| – | +$30 | +1 | New |
|
FEP Hedge Fund Activity: Q4 2014 in Review
45 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in First Trust Europe AlphaDEX Fund (FEP) for Q4 2014, worth a combined $126M — down 75% from $499M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of FEP and 8 opened new positions — a net loss of 9 holders — while 25 trimmed existing stakes and 8 added.
The largest buyer was IMA Advisory Services, opening a new position worth an estimated $3.18M. The largest seller was F-Squared Investment Management, exiting entirely with an estimated $209M sold.
- 45 institutional investors held First Trust Europe AlphaDEX Fund (FEP) as of Q4 2014, down from 55 in Q3 2014.
- Funds reported $126M of First Trust Europe AlphaDEX Fund stock for Q4 2014, down 75% quarter-over-quarter.
- 8 funds opened new First Trust Europe AlphaDEX Fund positions in Q4 2014 and 17 closed out, a net change of -9 holders.
- The largest First Trust Europe AlphaDEX Fund buyer in Q4 2014 was IMA Advisory Services, an estimated $3.18M added.
- The largest First Trust Europe AlphaDEX Fund seller in Q4 2014 was F-Squared Investment Management, an estimated $209M sold.
Based on aggregated 13F filings for Q4 2014.