First Trust Latin America AlphaDEX Fund
FLN
21 hedge funds and large institutions have $15.4M invested in First Trust Latin America AlphaDEX Fund in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 15 closing their positions.
28% less funds holding
Funds holding: 29 → 21 (-8)
53% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 15
63% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 8
83.39% less ownership
Funds ownership: 132.48% → 49.09% (-83%)
90% less capital invested
Capital invested by funds: $158M → $15.4M (-$142M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$3.41M |
| 2 |
SG Americas Securities
New York
|
+$2.19M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$1.06M |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$727K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$346K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$109M |
| 2 |
Morgan Stanley
New York
|
-$12.6M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$7.09M |
| 4 |
NCM
Niemann Capital Management
Stateline,
Nevada
|
-$6.88M |
| 5 |
Jane Street
New York
|
-$2.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$632K | -30,247 | Closed |
|
27
Ameriprise
Minneapolis,
Minnesota
| – | -$465K | -22,246 | Closed |
|
|
RJA
28
Raymond James & Associates
St Petersburg,
Florida
| – | -$407K | -19,462 | Closed |
|
|
FFS
29
Founders Financial Securities
Towson,
Maryland
| – | -$339K | -16,217 | Closed |
|
|
HI
30
Horizon Investments
Charlotte,
North Carolina
| – | -$339K | -16,214 | Closed |
|
|
WF
31
WealthTrust Fairport
Cleveland,
Ohio
| – | -$257K | -12,315 | Closed |
|
|
PAG
32
Private Advisory Group
Redmond,
Washington
| – | -$254K | -12,154 | Closed |
|
|
SWP
33
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$201K | -9,621 | Closed |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| – | -$17K | -790 | Closed |
|
|
GI
35
Gradient Investments
Arden Hills,
Minnesota
| – | -$7K | -322 | Closed |
|
FLN Hedge Fund Activity: Q2 2017 in Review
21 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in First Trust Latin America AlphaDEX Fund (FLN) for Q2 2017, worth a combined $15.4M — down 90% from $158M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FLN and 7 opened new positions — a net loss of 8 holders — while 8 trimmed existing stakes and 3 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $3.41M. The largest seller was First Trust Advisors, exiting entirely with an estimated $109M sold.
- 21 institutional investors held First Trust Latin America AlphaDEX Fund (FLN) as of Q2 2017, down from 29 in Q1 2017.
- Funds reported $15.4M of First Trust Latin America AlphaDEX Fund stock for Q2 2017, down 90% quarter-over-quarter.
- 7 funds opened new First Trust Latin America AlphaDEX Fund positions in Q2 2017 and 15 closed out, a net change of -8 holders.
- The largest First Trust Latin America AlphaDEX Fund buyer in Q2 2017 was Millennium Management, an estimated $3.41M added.
- The largest First Trust Latin America AlphaDEX Fund seller in Q2 2017 was First Trust Advisors, an estimated $109M sold.
Based on aggregated 13F filings for Q2 2017.