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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.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 16

4% more funds holding

Funds holding: 136141 (+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: 31 (-2)

Holders
141
Holders Change
+5
Holders Change %
+3.68%
% of All Funds
3.14%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
23
Increased
47
Reduced
54
Closed
16
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$101M -$19.6M -344,974 -15%
LPL Financial
2
LPL Financial
California
$78.8M -$2.31M -40,629 -3%
Wells Fargo
3
Wells Fargo
California
$55.9M +$3.88M +68,258 +7%
UBS Group
4
UBS Group
Switzerland
$54.7M -$1.04M -18,294 -2%
Bank of America
5
Bank of America
North Carolina
$52.9M -$7.99M -140,566 -12%
RJA
6
Raymond James & Associates
Florida
$22.9M -$1.62M -28,441 -6%
Janney Montgomery Scott
7
Janney Montgomery Scott
Pennsylvania
$22.9M +$11.4M +200,192 +84%
RJFSA
8
Raymond James Financial Services Advisors
Florida
$20M -$1.06M -18,559 -5%
AG
9
Advisor Group
Arizona
$18.2M -$3.67M -64,545 -16%
MML Investors Services
10
MML Investors Services
Massachusetts
$16.2M -$2.41M -42,353 -12%
Cambridge Investment Research Advisors
11
Cambridge Investment Research Advisors
Iowa
$15M +$6.79M +119,393 +71%
SB
12
Suntrust Banks
Georgia
$14.1M -$2.43M -42,692 -14%
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$14M +$159K +2,791 +1%
FHB
14
First Hawaiian Bank
Hawaii
$13.6M +$27.4K +482 +0.2%
AW
15
ACG Wealth
Georgia
$11.8M -$328K -5,770 -2%
Baird Financial Group
16
Baird Financial Group
Wisconsin
$11.4M +$195K +3,432 +2%
Susquehanna International Group
17
Susquehanna International Group
Pennsylvania
$11.2M +$11.4M +200,386 +1,369%
HFS
18
HL Financial Services
Kentucky
$9.6M +$82.9K +1,457 +0.8%
CS
19
Credit Suisse
Switzerland
$9.18M +$6.08M +106,824 +154%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$8.96M -$478K -8,397 -5%
HSA
21
HBK Sorce Advisory
Pennsylvania
$8.76M +$9.56M +168,153 New
BA
22
Ballew Advisors
Mississippi
$8.08M -$154K -2,712 -2%
BS
23
Banco Santander
Spain
$8M -$4.49M -78,887 -34%
Envestnet Asset Management
24
Envestnet Asset Management
Illinois
$4.18M +$4.56M +80,185 New
LTFS
25
Ladenburg Thalmann Financial Services
Florida
$4.11M +$87.2K +1,533 +2%

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.