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First Trust Europe AlphaDEX Fund
FEP

130 hedge funds and large institutions have $339M invested in First Trust Europe AlphaDEX Fund in 2026 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 49 increasing their positions, 42 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

156% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 9

21% more capital invested

Capital invested by funds: $281M → $339M (+$57.7M)

17% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 42

7% more funds holding

Funds holding: 121 → 130 (+9)

0.59% more ownership

Funds ownership: 68.71% → 69.3% (+0.59%)

Holders
130
Holders Change
+9
Holders Change %
+7.44%
% of All Funds
1.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
49
Reduced
42
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
First Trust Advisors
First Trust Advisors
Illinois
+$20.9M
2
Jane Street
Jane Street
New York
+$9.04M
3
P
&Partners
Tennessee
+$4.53M
4
Wells Fargo
Wells Fargo
California
+$4.38M
5
DF
Dunhill Financial
United Kingdom
+$4.02M

Top Sellers

1
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$5.68M
2
CAS
Coppell Advisory Solutions
Texas
-$3.34M
3
HI
Harbour Investments
Wisconsin
-$1.22M
4
Ameriprise
Ameriprise
Minnesota
-$823K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$457K
Name Holding Trade Value Shares
Change 		Change in
Stake
PVI
76
Pine Valley Investments
New Jersey
$329K +$3.37K +60 +1%
FPWM
77
FSB Premier Wealth Management
Iowa
$326K -$23.1K -412 -6%
Envestnet Portfolio Solutions
78
Envestnet Portfolio Solutions
Illinois
$323K +$22.6K +402 +7%
MA
79
Mutual Advisors
Nebraska
$308K +$4.43K +79 +1%
WS
80
Wedbush Securities
California
$297K -$5.55K -99 -2%
HighTower Advisors
81
HighTower Advisors
Illinois
$296K – – –
RIA
82
Rhodes Investment Advisors
Texas
$292K +$65.9K +1,175 +28%
PFA
83
Pinnacle Family Advisors
Missouri
$279K -$7.35K -131 -3%
BWA
84
BlueChip Wealth Advisors
Georgia
$278K +$38K +677 +15%
PA
85
PFG Advisors
Arizona
$258K -$56.5K -1,007 -18%
PMG
86
ProVise Management Group
Florida
$242K +$249K +4,440 New
KWA
87
Kingswood Wealth Advisors
California
$237K – – –
Northwestern Mutual Wealth Management
88
Northwestern Mutual Wealth Management
Wisconsin
$236K +$4.32K +77 +2%
Rockefeller Capital Management
89
Rockefeller Capital Management
New York
$235K -$107K -1,899 -31%
MOS
90
MGO One Seven
Ohio
$229K +$235K +4,197 New
NG
91
Novem Group
New York
$216K +$221K +3,947 New
MQWP
92
Morey & Quinn Wealth Partners
Nebraska
$209K – – –
AWM
93
Apollon Wealth Management
South Carolina
$208K -$11.9K -213 -5%
AAS
94
Asset Allocation Strategies
Michigan
$202K +$207K +3,692 New
TWM
95
Topsail Wealth Management
North Carolina
$164K – – –
Fifth Third Bancorp
96
Fifth Third Bancorp
Ohio
$144K +$148K +2,643 New
Carson Wealth (CWM LLC)
97
Carson Wealth (CWM LLC)
Nebraska
$135K +$23K +410 +20%
PA
98
Parallel Advisors
California
$130K +$134K +2,381 New
ATPW
99
Ashton Thomas Private Wealth
Arizona
$120K +$123K +2,189 New
PTC
100
Private Trust Company
Ohio
$113K – – –
2 3
4
5 6

FEP Hedge Fund Activity: Q1 2026 in Review

130 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust Europe AlphaDEX Fund (FEP) for Q1 2026, worth a combined $339M — up 21% from $281M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new FEP positions and 9 closed out — a net gain of 14 holders — while 49 added to existing stakes and 42 trimmed.

The largest buyer was First Trust Advisors, adding an estimated $20.9M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $5.68M.

  • 130 institutional investors held First Trust Europe AlphaDEX Fund (FEP) as of Q1 2026, up from 121 in Q4 2025.
  • Funds reported $339M of First Trust Europe AlphaDEX Fund stock for Q1 2026, up 21% quarter-over-quarter.
  • 23 funds opened new First Trust Europe AlphaDEX Fund positions in Q1 2026 and 9 closed out, a net change of +14 holders.
  • The largest First Trust Europe AlphaDEX Fund buyer in Q1 2026 was First Trust Advisors, an estimated $20.9M added.
  • The largest First Trust Europe AlphaDEX Fund seller in Q1 2026 was Wealth Enhancement Advisory Services, an estimated $5.68M sold.

Based on aggregated 13F filings for Q1 2026.