First Trust Mid Cap Value AlphaDEX Fund
FNK
23 hedge funds and large institutions have $51.1M invested in First Trust Mid Cap Value AlphaDEX Fund in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 9 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
2.52% more ownership
Funds ownership: 55.27% → 57.79% (+2.5%)
5% less capital invested
Capital invested by funds: $54.1M → $51.1M (-$2.95M)
15% less funds holding
Funds holding: 27 → 23 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$10.7M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$1.35M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$984K |
| 4 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$517K |
| 5 |
M&T Bank
Buffalo,
New York
|
+$299K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$22.1M |
| 2 |
Morgan Stanley
New York
|
-$1.15M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$910K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$705K |
| 5 |
VAM
Visionary Asset Management
Houston,
Texas
|
-$630K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DS
26
DRW Securities
Chicago,
Illinois
| – | -$454K | -14,148 | Closed |
|
27
Stifel Financial
St. Louis,
Missouri
| – | -$452K | -14,071 | Closed |
|
|
FHA
28
First Horizon Advisors
Memphis,
Tennessee
| – | -$387K | -12,082 | Closed |
|
|
PI
29
Placemark Investments
Chicago,
Illinois
| – | -$126K | -3,938 | Closed |
|
|
BRWM
30
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$73K | -2,304 | Closed |
|
|
GSC
31
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$40K | -1,249 | Closed |
|
32
Envestnet Asset Management
Chicago,
Illinois
| – | -$32K | -1,006 | Closed |
|
FNK Hedge Fund Activity: Q3 2014 in Review
23 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q3 2014, worth a combined $51.1M — down 5.5% from $54.1M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FNK and 5 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 9 added.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $10.7M. The largest seller was Hays Advisory, exiting entirely with an estimated $22.1M sold.
- 23 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q3 2014, down from 27 in Q2 2014.
- Funds reported $51.1M of First Trust Mid Cap Value AlphaDEX Fund stock for Q3 2014, down 5.5% quarter-over-quarter.
- 5 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q3 2014 and 9 closed out, a net change of -4 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q3 2014 was Goldman Sachs, an estimated $10.7M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q3 2014 was Hays Advisory, an estimated $22.1M sold.
Based on aggregated 13F filings for Q3 2014.