First Trust Europe AlphaDEX Fund
FEP
53 hedge funds and large institutions have $144M invested in First Trust Europe AlphaDEX Fund in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 25 reducing their positions, and 11 closing their positions.
9% less funds holding
Funds holding: 58 → 53 (-5)
9.5% less ownership
Funds ownership: 49.57% → 40.06% (-9.5%)
24% less capital invested
Capital invested by funds: $190M → $144M (-$46.4M)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
44% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 25
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.89M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$773K |
| 3 |
SG Americas Securities
New York
|
+$759K |
| 4 |
Jane Street
New York
|
+$755K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$433K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$14.7M |
| 2 |
LPL Financial
San Diego,
California
|
-$7.69M |
| 3 |
SMH
Sanders Morris Harris
Houston,
Texas
|
-$7.54M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.6M |
| 5 |
AIG
American International Group
New York
|
-$2.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fifth Third Bancorp
Cincinnati,
Ohio
| $5K | – | – | – |
|
|
GWM
52
Geneos Wealth Management
Englewood,
Colorado
| $5K | – | – | – |
|
|
AIG
53
American International Group
New York
| – | -$2.16M | -74,317 | Closed |
|
|
BFA
54
Beaumont Financial Advisors
Needham,
Massachusetts
| – | -$758K | -24,502 | Closed |
|
55
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$614K | -21,154 | Closed |
|
56
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$324K | -11,111 | Closed |
|
|
CA
57
Cetera Advisors
Denver,
Colorado
| – | -$264K | -8,970 | Closed |
|
|
SPC
58
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$229K | -7,877 | Closed |
|
|
ACP
59
Ashfield Capital Partners
San Francisco,
California
| – | -$218K | -7,500 | Closed |
|
|
FHC
60
First Heartland Consultants
Lake St. Louis,
Missouri
| – | -$212K | -7,295 | Closed |
|
|
RFC
61
Regions Financial Corp
Birmingham,
Alabama
| – | -$203K | -6,997 | Closed |
|
62
Creative Planning
Overland Park,
Kansas
| – | -$10K | -355 | Closed |
|
FEP Hedge Fund Activity: Q2 2016 in Review
53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Europe AlphaDEX Fund (FEP) for Q2 2016, worth a combined $144M — down 24% from $190M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FEP and 7 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 14 added.
The largest buyer was Credit Suisse, opening a new position worth an estimated $2.89M. The largest seller was Morgan Stanley, cutting an estimated $14.7M.
- 53 institutional investors held First Trust Europe AlphaDEX Fund (FEP) as of Q2 2016, down from 58 in Q1 2016.
- Funds reported $144M of First Trust Europe AlphaDEX Fund stock for Q2 2016, down 24% quarter-over-quarter.
- 7 funds opened new First Trust Europe AlphaDEX Fund positions in Q2 2016 and 11 closed out, a net change of -4 holders.
- The largest First Trust Europe AlphaDEX Fund buyer in Q2 2016 was Credit Suisse, an estimated $2.89M added.
- The largest First Trust Europe AlphaDEX Fund seller in Q2 2016 was Morgan Stanley, an estimated $14.7M sold.
Based on aggregated 13F filings for Q2 2016.