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First Trust Large Cap Core AlphaDEX Fund

136 hedge funds and large institutions have $465M invested in First Trust Large Cap Core AlphaDEX Fund in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 31 increasing their positions, 75 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.91% less ownership

Funds ownership: 54.69%52.78% (-1.9%)

13% less funds holding

Funds holding: 157136 (-21)

39% less capital invested

Capital invested by funds: $763M → $465M (-$297M)

55% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 33

59% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 75

100% less funds holding in top 10

Funds holding in top 10: 20 (-2)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $315K

Holders
136
Holders Change
-21
Holders Change %
-13.38%
% of All Funds
3%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
15
Increased
31
Reduced
75
Closed
33
Calls
Puts
$315K
Net Calls
-$315K
Net Calls Change
-$315K
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$88.2M +$754K +12,592 +0.7%
LPL Financial
2
LPL Financial
California
$56.8M -$5.47M -91,375 -7%
Bank of America
3
Bank of America
North Carolina
$37.2M -$1.75M -29,224 -4%
UBS Group
4
UBS Group
Switzerland
$32.9M -$32.1M -535,652 -44%
RJA
5
Raymond James & Associates
Florida
$20.1M -$445K -7,423 -2%
Janney Montgomery Scott
6
Janney Montgomery Scott
Pennsylvania
$19.7M -$4.22M -70,446 -15%
Wells Fargo
7
Wells Fargo
California
$19.2M -$8.72M -145,460 -27%
Osaic Holdings
8
Osaic Holdings
Arizona
$17.2M +$21.6M +360,284 New
Baird Financial Group
9
Baird Financial Group
Wisconsin
$13.8M -$9.35M -156,081 -35%
Truist Financial
10
Truist Financial
North Carolina
$13.1M -$3.16M -52,802 -16%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$11.7M -$7.25M -120,998 -33%
Commonwealth Equity Services
12
Commonwealth Equity Services
Massachusetts
$9.22M -$1.31M -21,925 -10%
MML Investors Services
13
MML Investors Services
Massachusetts
$7.76M -$3.67M -61,317 -27%
FWM
14
Frontier Wealth Management
Missouri
$6.26M +$5.42M +90,381 +220%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$5.7M -$4.04M -67,417 -36%
BS
16
Banco Santander
Spain
$5.49M -$44.6K -745 -0.6%
HSA
17
HBK Sorce Advisory
Pennsylvania
$4.34M +$49K +818 +0.9%
Citadel Advisors
18
Citadel Advisors
Florida
$3.96M +$4.37M +72,945 +721%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$3.86M -$2.07M -34,553 -30%
CS
20
Credit Suisse
Switzerland
$3.72M -$7.35M -122,726 -61%
Stifel Financial
21
Stifel Financial
Missouri
$3.66M +$133K +2,215 +3%
AW
22
ACG Wealth
Georgia
$3.47M -$462K -7,705 -10%
PAG
23
Private Advisor Group
New Jersey
$3.22M -$493K -8,235 -11%
US Bancorp
24
US Bancorp
Minnesota
$3.05M -$40.7K -680 -1%
First Trust Advisors
25
First Trust Advisors
Illinois
$3.03M +$3.81M +63,673 New

FEX Hedge Fund Activity: Q1 2020 in Review

136 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Large Cap Core AlphaDEX Fund (FEX) for Q1 2020, worth a combined $465M — down 39% from $763M a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of FEX and 15 opened new positions — a net loss of 18 holders — while 75 trimmed existing stakes and 31 added.

The largest buyer was Frontier Wealth Management, adding an estimated $5.42M. The largest seller was UBS Group, cutting an estimated $32.1M.

  • 136 institutional investors held First Trust Large Cap Core AlphaDEX Fund (FEX) as of Q1 2020, down from 157 in Q4 2019.
  • Funds reported $465M of First Trust Large Cap Core AlphaDEX Fund stock for Q1 2020, down 39% quarter-over-quarter.
  • 15 funds opened new First Trust Large Cap Core AlphaDEX Fund positions in Q1 2020 and 33 closed out, a net change of -18 holders.
  • The largest First Trust Large Cap Core AlphaDEX Fund buyer in Q1 2020 was Frontier Wealth Management, an estimated $5.42M added.
  • The largest First Trust Large Cap Core AlphaDEX Fund seller in Q1 2020 was UBS Group, an estimated $32.1M sold.

Based on aggregated 13F filings for Q1 2020.