First Trust Large Cap Core AlphaDEX Fund
187 hedge funds and large institutions have $710M invested in First Trust Large Cap Core AlphaDEX Fund in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 55 increasing their positions, 67 reducing their positions, and 13 closing their positions.
62% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 13
16% more capital invested
Capital invested by funds: $612M → $710M (+$98M)
7.48% more ownership
Funds ownership: 56.55% → 64.03% (+7.5%)
2% more funds holding
Funds holding: 183 → 187 (+4)
18% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 67
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$60.9M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$7.93M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$3.39M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.69M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Drake & Associates
Waukesha,
Wisconsin
|
-$15.7M |
| 2 |
CF
Centaurus Financial
Anaheim,
California
|
-$10.4M |
| 3 |
UWM
USAdvisors Wealth Management
Eden Prairie,
Minnesota
|
-$4.93M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.76M |
| 5 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$2.54M |
FEX Hedge Fund Activity: Q4 2023 in Review
187 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Large Cap Core AlphaDEX Fund (FEX) for Q4 2023, worth a combined $710M — up 16% from $612M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FEX positions and 13 closed out — a net gain of 8 holders — while 55 added to existing stakes and 67 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $60.9M. The largest seller was Drake & Associates, cutting an estimated $15.7M.
- 187 institutional investors held First Trust Large Cap Core AlphaDEX Fund (FEX) as of Q4 2023, up from 183 in Q3 2023.
- Funds reported $710M of First Trust Large Cap Core AlphaDEX Fund stock for Q4 2023, up 16% quarter-over-quarter.
- 21 funds opened new First Trust Large Cap Core AlphaDEX Fund positions in Q4 2023 and 13 closed out, a net change of +8 holders.
- The largest First Trust Large Cap Core AlphaDEX Fund buyer in Q4 2023 was Morgan Stanley, an estimated $60.9M added.
- The largest First Trust Large Cap Core AlphaDEX Fund seller in Q4 2023 was Drake & Associates, an estimated $15.7M sold.
Based on aggregated 13F filings for Q4 2023.