First Trust Large Cap Core AlphaDEX Fund
FEX
108 hedge funds and large institutions have $735M invested in First Trust Large Cap Core AlphaDEX Fund in 2016 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 34 increasing their positions, 42 reducing their positions, and 17 closing their positions.
29% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 17
3.82% more ownership
Funds ownership: 47.75% → 51.57% (+3.8%)
1% more funds holding
Funds holding: 107 → 108 (+1)
8% less capital invested
Capital invested by funds: $797M → $735M (-$62.4M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
19% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$8.24M |
| 2 |
HSA
HBK Sorce Advisory
Erie,
Pennsylvania
|
+$6.55M |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$6.42M |
| 4 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
+$3.46M |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$37.6M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$30.1M |
| 3 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
-$28.8M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$6.61M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$5.72M |
FEX Hedge Fund Activity: Q4 2016 in Review
108 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in First Trust Large Cap Core AlphaDEX Fund (FEX) for Q4 2016, worth a combined $735M — down 7.8% from $797M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new FEX positions and 17 closed out — a net gain of 5 holders — while 34 added to existing stakes and 42 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $8.24M. The largest seller was Aviance Capital Management, cutting an estimated $37.6M.
- 108 institutional investors held First Trust Large Cap Core AlphaDEX Fund (FEX) as of Q4 2016, up from 107 in Q3 2016.
- Funds reported $735M of First Trust Large Cap Core AlphaDEX Fund stock for Q4 2016, down 7.8% quarter-over-quarter.
- 22 funds opened new First Trust Large Cap Core AlphaDEX Fund positions in Q4 2016 and 17 closed out, a net change of +5 holders.
- The largest First Trust Large Cap Core AlphaDEX Fund buyer in Q4 2016 was Envestnet Asset Management, an estimated $8.24M added.
- The largest First Trust Large Cap Core AlphaDEX Fund seller in Q4 2016 was Aviance Capital Management, an estimated $37.6M sold.
Based on aggregated 13F filings for Q4 2016.