First Trust Mid Cap Value AlphaDEX Fund
FNK
28 hedge funds and large institutions have $32.4M invested in First Trust Mid Cap Value AlphaDEX Fund in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 5 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
3% less funds holding
Funds holding: 29 → 28 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
33% less capital invested
Capital invested by funds: $48M → $32.4M (-$15.6M)
36.95% less ownership
Funds ownership: 95.7% → 58.74% (-37%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.85M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.61M |
| 3 |
LPL Financial
San Diego,
California
|
+$417K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$312K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$311K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$8.65M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$3.66M |
| 3 |
Jane Street
New York
|
-$3.17M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.77M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.25M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $7K | – | – | – |
|
|
SPIA
27
Steward Partners Investment Advisory
New York
| $1K | – | – | – |
|
|
CAN
28
Cetera Advisor Networks
El Segundo,
California
| – | -$8.65M | -258,465 | Closed |
|
|
VKH
29
Virtu KCG Holdings
New York
| – | -$873K | -26,096 | Closed |
|
|
CWM
30
Cornerstone Wealth Management
St. Peters,
Missouri
| – | -$237K | -7,247 | Closed |
|
|
PS
31
Portfolio Solutions
Royal Oak,
Michigan
| – | -$9K | -270 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$7K | -201 | Closed |
|
FNK Hedge Fund Activity: Q2 2017 in Review
28 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q2 2017, worth a combined $32.4M — down 33% from $48M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FNK and 4 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 9 added.
The largest buyer was Credit Suisse, opening a new position worth an estimated $1.85M. The largest seller was Cetera Advisor Networks, exiting entirely with an estimated $8.65M sold.
- 28 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q2 2017, down from 29 in Q1 2017.
- Funds reported $32.4M of First Trust Mid Cap Value AlphaDEX Fund stock for Q2 2017, down 33% quarter-over-quarter.
- 4 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q2 2017 and 5 closed out, a net change of -1 holder.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q2 2017 was Credit Suisse, an estimated $1.85M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q2 2017 was Cetera Advisor Networks, an estimated $8.65M sold.
Based on aggregated 13F filings for Q2 2017.