First Trust Mid Cap Value AlphaDEX Fund
FNK
29 hedge funds and large institutions have $48M invested in First Trust Mid Cap Value AlphaDEX Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 4 reducing their positions, and 5 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 4
73% more capital invested
Capital invested by funds: $27.8M → $48M (+$20.2M)
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
39.46% more ownership
Funds ownership: 56.24% → 95.7% (+39%)
4% more funds holding
Funds holding: 28 → 29 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$8.67M |
| 2 |
Jane Street
New York
|
+$3.44M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.36M |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$1.68M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.19M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$536K |
| 3 |
LI
LVZ Inc
Holland,
Michigan
|
-$302K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$95.1K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$79.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $7K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $7K | +$6.74K | +201 | New |
|
|
SPIA
28
Steward Partners Investment Advisory
New York
| $1K | +$1.04K | +31 | New |
|
|
29
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.19M | -36,059 | Closed |
|
|
CS
30
Credit Suisse
Zurich,
Switzerland
| – | -$536K | -16,269 | Closed |
|
|
LI
31
LVZ Inc
Holland,
Michigan
| – | -$302K | -9,160 | Closed |
|
32
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$21K | -639 | Closed |
|
|
HDIM
33
Hanson & Doremus Investment Management
Burlington,
Vermont
| – | -$11.9K | -360 | Closed |
|
FNK Hedge Fund Activity: Q1 2017 in Review
29 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q1 2017, worth a combined $48M — up 73% from $27.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FNK positions and 5 closed out — a net gain of 2 holders — while 14 added to existing stakes and 4 trimmed.
The largest buyer was Cetera Advisor Networks, opening a new position worth an estimated $8.67M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $1.19M sold.
- 29 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q1 2017, up from 28 in Q4 2016.
- Funds reported $48M of First Trust Mid Cap Value AlphaDEX Fund stock for Q1 2017, up 73% quarter-over-quarter.
- 7 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q1 2017 and 5 closed out, a net change of +2 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q1 2017 was Cetera Advisor Networks, an estimated $8.67M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q1 2017 was Susquehanna International Group, an estimated $1.19M sold.
Based on aggregated 13F filings for Q1 2017.