First Trust Large Cap Core AlphaDEX Fund
141 hedge funds and large institutions have $690M invested in First Trust Large Cap Core AlphaDEX Fund in 2018 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 47 increasing their positions, 54 reducing their positions, and 16 closing their positions.
44% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 16
4% more funds holding
Funds holding: 136 → 141 (+5)
1.37% less ownership
Funds ownership: 57.29% → 55.91% (-1.4%)
13% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 54
27% less capital invested
Capital invested by funds: $948M → $690M (-$258M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$11.4M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$11.4M |
| 3 |
HSA
HBK Sorce Advisory
Erie,
Pennsylvania
|
+$9.56M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$6.79M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$41.7M |
| 2 |
Morgan Stanley
New York
|
-$19.6M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$16.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$7.99M |
| 5 |
SAM
Shamrock Asset Management
Dallas,
Texas
|
-$7.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWAG
151
Polaris Wealth Advisory Group
San Rafael,
California
| – | -$74K | -1,192 | Closed |
|
|
MCM
152
Mainstay Capital Management
Grand Blanc,
Michigan
| – | -$45K | -715 | Closed |
|
|
PFPT
153
Pinnacle Financial Partners (Tennessee)
Nashville,
Tennessee
| – | -$44K | -700 | Closed |
|
|
CAG
154
Csenge Advisory Group
Clearwater,
Florida
| – | -$14K | -250 | Closed |
|
|
HDIM
155
Hanson & Doremus Investment Management
Burlington,
Vermont
| – | -$4K | -67 | Closed |
|
156
Fidelity Investments
Boston,
Massachusetts
| – | +$284 | +5 | New |
|
FEX Hedge Fund Activity: Q4 2018 in Review
141 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust Large Cap Core AlphaDEX Fund (FEX) for Q4 2018, worth a combined $690M — down 27% from $948M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FEX positions and 16 closed out — a net gain of 7 holders — while 47 added to existing stakes and 54 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $11.4M. The largest seller was Cornerstone Wealth Management, cutting an estimated $41.7M.
- 141 institutional investors held First Trust Large Cap Core AlphaDEX Fund (FEX) as of Q4 2018, up from 136 in Q3 2018.
- Funds reported $690M of First Trust Large Cap Core AlphaDEX Fund stock for Q4 2018, down 27% quarter-over-quarter.
- 23 funds opened new First Trust Large Cap Core AlphaDEX Fund positions in Q4 2018 and 16 closed out, a net change of +7 holders.
- The largest First Trust Large Cap Core AlphaDEX Fund buyer in Q4 2018 was Susquehanna International Group, an estimated $11.4M added.
- The largest First Trust Large Cap Core AlphaDEX Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $41.7M sold.
Based on aggregated 13F filings for Q4 2018.