First Trust Mid Cap Value AlphaDEX Fund
FNK
27 hedge funds and large institutions have $25.2M invested in First Trust Mid Cap Value AlphaDEX Fund in 2018 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 4 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
2.44% less ownership
Funds ownership: 56.35% → 53.9% (-2.4%)
10% less funds holding
Funds holding: 30 → 27 (-3)
18% less capital invested
Capital invested by funds: $30.7M → $25.2M (-$5.42M)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$217K |
| 2 |
LPL Financial
San Diego,
California
|
+$100K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$72K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$49.7K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$21.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.42M |
| 2 |
Jane Street
New York
|
-$902K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$364K |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$291K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$247K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NWM
26
Northwest Wealth Management
Spencer,
Iowa
| $3K | +$2.82K | +79 | New |
|
|
27
Jane Street
New York
| – | -$902K | -24,873 | Closed |
|
|
28
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$364K | -10,028 | Closed |
|
|
CS
29
Credit Suisse
Zurich,
Switzerland
| – | -$247K | -6,807 | Closed |
|
|
CA
30
Calton & Associates
Tampa,
Florida
| – | -$13K | -370 | Closed |
|
FNK Hedge Fund Activity: Q1 2018 in Review
27 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q1 2018, worth a combined $25.2M — down 18% from $30.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FNK and 1 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 10 added.
The largest buyer was Wells Fargo, adding an estimated $217K. The largest seller was Raymond James & Associates, cutting an estimated $2.42M.
- 27 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q1 2018, down from 30 in Q4 2017.
- Funds reported $25.2M of First Trust Mid Cap Value AlphaDEX Fund stock for Q1 2018, down 18% quarter-over-quarter.
- 1 fund opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q1 2018 and 4 closed out, a net change of -3 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q1 2018 was Wells Fargo, an estimated $217K added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q1 2018 was Raymond James & Associates, an estimated $2.42M sold.
Based on aggregated 13F filings for Q1 2018.