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First Trust Europe AlphaDEX Fund

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.

New
Increased
Maintained
Reduced
Closed

4.36% less ownership

Funds ownership: 74.98%70.62% (-4.4%)

8% less funds holding

Funds holding: 6055 (-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: 31 (-2)

Holders
55
Holders Change
-5
Holders Change %
-8.33%
% of All Funds
1.6%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
9
Increased
19
Reduced
22
Closed
14
Calls
$240K
Puts
Net Calls
+$240K
Net Calls Change
+$240K
Name Holding Trade Value Shares
Change
Change in
Stake
FSIM
1
F-Squared Investment Management
Massachusetts
$209M -$27M -827,563 -11%
Morgan Stanley
2
Morgan Stanley
New York
$87.2M -$59.6M -1,828,005 -39%
U
3
UBS
Switzerland
$42.5M -$12M -366,910 -21%
Susquehanna International Group
4
Susquehanna International Group
Pennsylvania
$29.2M +$25.2M +772,693 +440%
Wells Fargo
5
Wells Fargo
California
$26.8M -$11.1M -340,461 -28%
Bank of America
6
Bank of America
North Carolina
$17.6M -$8.23M -252,415 -31%
SG Americas Securities
7
SG Americas Securities
New York
$14.4M +$15.3M +469,716 New
RJA
8
Raymond James & Associates
Florida
$10.7M -$4.05M -124,152 -26%
LPL Financial
9
LPL Financial
California
$9.29M -$348K -10,664 -3%
BTS
10
BB&T Securities
Virginia
$7.05M -$438K -13,449 -37%
B
11
Baird
Wisconsin
$6.54M +$2.77M +84,926 +67%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$5.8M +$850K +26,075 +16%
BFA
13
Beaumont Financial Advisors
Massachusetts
$3.17M -$83.7K -2,569 -2%
JP Morgan Chase
14
JP Morgan Chase
New York
$2.38M +$596K +18,298 +31%
PI
15
Placemark Investments
Illinois
$2.23M +$43.6K +1,339 +2%
Jane Street
16
Jane Street
New York
$2.12M +$564K +17,314 +34%
Stifel Financial
17
Stifel Financial
Missouri
$2.06M +$276K +8,465 +14%
CA
18
Cetera Advisors
Colorado
$2.04M +$212K +6,508 +11%
Janney Montgomery Scott
19
Janney Montgomery Scott
Pennsylvania
$1.89M +$167K +5,135 +9%
SI
20
Stephens Inc
Arkansas
$1.86M +$1.55M +47,506 +369%
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$1.65M -$615K -18,868 -26%
FHC
22
First Heartland Consultants
Missouri
$1.51M +$194K +5,949 +14%
DADC
23
D.A. Davidson & Co
Montana
$1.26M +$58.2K +1,784 +5%
AIG
24
American International Group
New York
$1.06M -$634K -19,453 -36%
MFS
25
MSI Financial Services
Massachusetts
$1M -$1.56M -47,738 -59%

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.