First Trust Mid Cap Value AlphaDEX Fund
FNK
28 hedge funds and large institutions have $23.8M invested in First Trust Mid Cap Value AlphaDEX Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
8% more funds holding
Funds holding: 26 → 28 (+2)
4.94% more ownership
Funds ownership: 57.92% → 62.86% (+4.9%)
8% less capital invested
Capital invested by funds: $26M → $23.8M (-$2.21M)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$601K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$548K |
| 3 |
Jane Street
New York
|
+$515K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$416K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$311K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.77M |
| 2 |
Morgan Stanley
New York
|
-$2.03M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.22M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$263K |
| 5 |
LWAC
Laurel Wealth Advisors (California)
Solana Beach,
California
|
-$213K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $7K | – | – | – |
|
|
27
Citadel Advisors
Miami,
Florida
| – | -$1.22M | -46,216 | Closed |
|
|
LWAC
28
Laurel Wealth Advisors (California)
Solana Beach,
California
| – | -$213K | -8,051 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | -$108K | -4,100 | Closed |
|
|
HDIM
30
Hanson & Doremus Investment Management
Burlington,
Vermont
| – | +$9.19K | +360 | New |
|
FNK Hedge Fund Activity: Q1 2016 in Review
28 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q1 2016, worth a combined $23.8M — down 8.5% from $26M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FNK positions and 3 closed out — a net gain of 2 holders — while 8 added to existing stakes and 10 trimmed.
The largest buyer was Raymond James & Associates, opening a new position worth an estimated $601K. The largest seller was Susquehanna International Group, cutting an estimated $2.77M.
- 28 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q1 2016, up from 26 in Q4 2015.
- Funds reported $23.8M of First Trust Mid Cap Value AlphaDEX Fund stock for Q1 2016, down 8.5% quarter-over-quarter.
- 5 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q1 2016 and 3 closed out, a net change of +2 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q1 2016 was Raymond James & Associates, an estimated $601K added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q1 2016 was Susquehanna International Group, an estimated $2.77M sold.
Based on aggregated 13F filings for Q1 2016.