First Trust Large Cap Core AlphaDEX Fund
FEX
48 hedge funds and large institutions have $287M invested in First Trust Large Cap Core AlphaDEX Fund in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 15
17% more capital invested
Capital invested by funds: $245M → $287M (+$42.1M)
14% more funds holding
Funds holding: 42 → 48 (+6)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.74% less ownership
Funds ownership: 55.14% → 52.4% (-2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$11.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$8.71M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$7.74M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.07M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$5.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DWA
Dorsey Wright & Associates
Pasadena,
California
|
-$13.6M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$10.5M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$1.09M |
| 4 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
-$1.08M |
| 5 |
JP Morgan Chase
New York
|
-$387K |
FEX Hedge Fund Activity: Q3 2013 in Review
48 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in First Trust Large Cap Core AlphaDEX Fund (FEX) for Q3 2013, worth a combined $287M — up 17% from $245M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FEX positions and 0 closed out — a net gain of 7 holders — while 21 added to existing stakes and 15 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $11.6M. The largest seller was Dorsey Wright & Associates, cutting an estimated $13.6M.
- 48 institutional investors held First Trust Large Cap Core AlphaDEX Fund (FEX) as of Q3 2013, up from 42 in Q2 2013.
- Funds reported $287M of First Trust Large Cap Core AlphaDEX Fund stock for Q3 2013, up 17% quarter-over-quarter.
- 7 funds opened new First Trust Large Cap Core AlphaDEX Fund positions in Q3 2013 and 0 closed out, a net change of +7 holders.
- The largest First Trust Large Cap Core AlphaDEX Fund buyer in Q3 2013 was Morgan Stanley, an estimated $11.6M added.
- The largest First Trust Large Cap Core AlphaDEX Fund seller in Q3 2013 was Dorsey Wright & Associates, an estimated $13.6M sold.
Based on aggregated 13F filings for Q3 2013.