First Trust Europe AlphaDEX Fund
FEP
99 hedge funds and large institutions have $446M invested in First Trust Europe AlphaDEX Fund in 2018 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 32 increasing their positions, 38 reducing their positions, and 17 closing their positions.
2% less funds holding
Funds holding: 101 → 99 (-2)
5.41% less ownership
Funds ownership: 54.77% → 49.36% (-5.4%)
10% less capital invested
Capital invested by funds: $497M → $446M (-$50.7M)
12% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 17
16% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 38
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.08M |
| 3 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$953K |
| 4 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
+$677K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$587K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$16.2M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$10.8M |
| 3 |
Jane Street
New York
|
-$10.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$8.07M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$4.67M |
FEP Hedge Fund Activity: Q3 2018 in Review
99 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in First Trust Europe AlphaDEX Fund (FEP) for Q3 2018, worth a combined $446M — down 10% from $497M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of FEP and 15 opened new positions — a net loss of 2 holders — while 38 trimmed existing stakes and 32 added.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $4M. The largest seller was Citadel Advisors, cutting an estimated $16.2M.
- 99 institutional investors held First Trust Europe AlphaDEX Fund (FEP) as of Q3 2018, down from 101 in Q2 2018.
- Funds reported $446M of First Trust Europe AlphaDEX Fund stock for Q3 2018, down 10% quarter-over-quarter.
- 15 funds opened new First Trust Europe AlphaDEX Fund positions in Q3 2018 and 17 closed out, a net change of -2 holders.
- The largest First Trust Europe AlphaDEX Fund buyer in Q3 2018 was Envestnet Asset Management, an estimated $4M added.
- The largest First Trust Europe AlphaDEX Fund seller in Q3 2018 was Citadel Advisors, an estimated $16.2M sold.
Based on aggregated 13F filings for Q3 2018.