First Trust Mid Cap Value AlphaDEX Fund
FNK
21 hedge funds and large institutions have $44.4M invested in First Trust Mid Cap Value AlphaDEX Fund in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 8 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
3.15% more ownership
Funds ownership: 57.79% → 60.94% (+3.1%)
9% less funds holding
Funds holding: 23 → 21 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
13% less capital invested
Capital invested by funds: $51.1M → $44.4M (-$6.77M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$9.59M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$303K |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$239K |
| 4 |
LPL Financial
San Diego,
California
|
+$214K |
| 5 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
+$209K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$12.9M |
| 2 |
Jane Street
New York
|
-$1.98M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.44M |
| 4 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$1.05M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$940K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$224K | -7,535 | Closed |
|
|
NFG
27
Next Financial Group
Houston,
Texas
| – | -$5K | -174 | Closed |
|
|
JFA
28
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$4K | -136 | Closed |
|
29
Parallax Volatility Advisers
San Francisco,
California
| – | +$30 | +1 | New |
|
FNK Hedge Fund Activity: Q4 2014 in Review
21 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q4 2014, worth a combined $44.4M — down 13% from $51.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FNK and 7 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $9.59M. The largest seller was BB&T Securities, exiting entirely with an estimated $12.9M sold.
- 21 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q4 2014, down from 23 in Q3 2014.
- Funds reported $44.4M of First Trust Mid Cap Value AlphaDEX Fund stock for Q4 2014, down 13% quarter-over-quarter.
- 7 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q4 2014 and 8 closed out, a net change of -1 holder.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q4 2014 was Morgan Stanley, an estimated $9.59M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q4 2014 was BB&T Securities, an estimated $12.9M sold.
Based on aggregated 13F filings for Q4 2014.