First Trust Mid Cap Value AlphaDEX Fund
FNK
30 hedge funds and large institutions have $29.6M invested in First Trust Mid Cap Value AlphaDEX Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
24% more capital invested
Capital invested by funds: $23.8M → $29.6M (+$5.82M)
7.93% more ownership
Funds ownership: 62.86% → 70.79% (+7.9%)
7% more funds holding
Funds holding: 28 → 30 (+2)
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$3.89M |
| 2 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
+$3.7M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.81M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$386K |
| 5 |
M&T Bank
Buffalo,
New York
|
+$251K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$1.21M |
| 2 |
Jane Street
New York
|
-$1.12M |
| 3 |
Goldman Sachs
New York
|
-$443K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$403K |
| 5 |
Morgan Stanley
New York
|
-$306K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $7K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $7K | +$7.57K | +268 | New |
|
28
Citigroup
New York
| $6K | -$5.65K | -200 | -47% |
|
|
IA
29
IFP Advisors
Tampa,
Florida
| $6K | +$5.65K | +200 | New |
|
|
30
Jane Street
New York
| – | -$1.12M | -39,824 | Closed |
|
|
31
Goldman Sachs
New York
| – | -$443K | -15,716 | Closed |
|
|
AIG
32
American International Group
New York
| – | -$56K | -1,987 | Closed |
|
FNK Hedge Fund Activity: Q2 2016 in Review
30 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q2 2016, worth a combined $29.6M — up 24% from $23.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FNK positions and 3 closed out — a net gain of 3 holders — while 7 added to existing stakes and 12 trimmed.
The largest buyer was Wells Fargo, adding an estimated $3.89M. The largest seller was LPL Financial, cutting an estimated $1.21M.
- 30 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q2 2016, up from 28 in Q1 2016.
- Funds reported $29.6M of First Trust Mid Cap Value AlphaDEX Fund stock for Q2 2016, up 24% quarter-over-quarter.
- 6 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q2 2016 and 3 closed out, a net change of +3 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q2 2016 was Wells Fargo, an estimated $3.89M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q2 2016 was LPL Financial, an estimated $1.21M sold.
Based on aggregated 13F filings for Q2 2016.