First Trust Mid Cap Value AlphaDEX Fund
FNK
31 hedge funds and large institutions have $29M invested in First Trust Mid Cap Value AlphaDEX Fund in 2016 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
3% more funds holding
Funds holding: 30 → 31 (+1)
2% less capital invested
Capital invested by funds: $29.6M → $29M (-$631K)
5.78% less ownership
Funds ownership: 70.79% → 65.01% (-5.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.3M |
| 2 |
Creative Planning
Overland Park,
Kansas
|
+$264K |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$262K |
| 4 |
LPL Financial
San Diego,
California
|
+$244K |
| 5 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
+$216K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.44M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$324K |
| 3 |
M&T Bank
Buffalo,
New York
|
-$248K |
| 4 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$240K |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$188K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HDIM
26
Hanson & Doremus Investment Management
Burlington,
Vermont
| $11K | – | – | – |
|
27
Citigroup
New York
| $7K | – | – | – |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $7K | – | – | – |
|
|
IA
29
IFP Advisors
Tampa,
Florida
| $6K | – | – | – |
|
30
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $4K | +$4.41K | +150 | New |
|
|
31
M&T Bank
Buffalo,
New York
| – | -$248K | -8,899 | Closed |
|
|
CIM
32
Confluence Investment Management
St. Louis,
Missouri
| – | -$240K | -8,583 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$7K | -268 | Closed |
|
FNK Hedge Fund Activity: Q3 2016 in Review
31 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q3 2016, worth a combined $29M — down 2.1% from $29.6M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FNK positions and 3 closed out — a net gain of 2 holders — while 11 added to existing stakes and 9 trimmed.
The largest buyer was Wells Fargo, adding an estimated $2.3M. The largest seller was Susquehanna International Group, cutting an estimated $1.44M.
- 31 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q3 2016, up from 30 in Q2 2016.
- Funds reported $29M of First Trust Mid Cap Value AlphaDEX Fund stock for Q3 2016, down 2.1% quarter-over-quarter.
- 5 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q3 2016 and 3 closed out, a net change of +2 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q3 2016 was Wells Fargo, an estimated $2.3M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q3 2016 was Susquehanna International Group, an estimated $1.44M sold.
Based on aggregated 13F filings for Q3 2016.