First Trust Europe AlphaDEX Fund
FEP
132 hedge funds and large institutions have $340M invested in First Trust Europe AlphaDEX Fund in 2026 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 49 increasing their positions, 43 reducing their positions, and 9 closing their positions.
389% more capital inflows, than outflows
Capital inflows: $71M | Capital outflows: $14.5M
167% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 9
14% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 43
9% more funds holding
Funds holding: 121 → 132 (+11)
0.74% more ownership
Funds ownership: 68.71% → 69.44% (+0.74%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$20.9M |
| 2 |
Jane Street
New York
|
+$9.04M |
| 3 |
&Partners
Nashville,
Tennessee
|
+$4.53M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$4.38M |
| 5 |
Dunhill Financial
London,
United Kingdom
|
+$4.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$5.68M |
| 2 |
Coppell Advisory Solutions
Coppell,
Texas
|
-$3.34M |
| 3 |
Harbour Investments
Madison,
Wisconsin
|
-$1.22M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$823K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$457K |
FEP Hedge Fund Activity: Q1 2026 in Review
132 of the 8,218 institutional investors tracked by Wall St. Rank reported a position in First Trust Europe AlphaDEX Fund (FEP) for Q1 2026, worth a combined $340M — up 21% from $281M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new FEP positions and 9 closed out — a net gain of 15 holders — while 49 added to existing stakes and 43 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.
- 132 institutional investors held First Trust Europe AlphaDEX Fund (FEP) as of Q1 2026, up from 121 in Q4 2025.
- Funds reported $340M of First Trust Europe AlphaDEX Fund stock for Q1 2026, up 21% quarter-over-quarter.
- 24 funds opened new First Trust Europe AlphaDEX Fund positions in Q1 2026 and 9 closed out, a net change of +15 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.