First Trust Mid Cap Value AlphaDEX Fund
FNK
29 hedge funds and large institutions have $29.9M invested in First Trust Mid Cap Value AlphaDEX Fund in 2018 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 3 reducing their positions, and 2 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 3
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
18% more capital invested
Capital invested by funds: $25.2M → $29.9M (+$4.62M)
12.05% more ownership
Funds ownership: 53.9% → 65.95% (+12%)
7% more funds holding
Funds holding: 27 → 29 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$4.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$552K |
| 3 |
Morgan Stanley
New York
|
+$307K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$205K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$164K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$431K |
| 2 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$360K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$274K |
| 4 |
LPL Financial
San Diego,
California
|
-$164K |
| 5 |
SG Americas Securities
New York
|
-$161K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
26
Steward Partners Investment Advisory
New York
| $7K | – | – | – |
|
|
NWM
27
Northwest Wealth Management
Spencer,
Iowa
| $3K | – | – | – |
|
|
RWA
28
River Wealth Advisors
Camp Hill,
Pennsylvania
| $1K | +$676 | +19 | New |
|
|
29
Stifel Financial
St. Louis,
Missouri
| – | -$274K | -7,992 | Closed |
|
|
30
SG Americas Securities
New York
| – | -$161K | -4,663 | Closed |
|
FNK Hedge Fund Activity: Q2 2018 in Review
29 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q2 2018, worth a combined $29.9M — up 18% from $25.2M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FNK positions and 2 closed out — a net gain of 2 holders — while 12 added to existing stakes and 3 trimmed.
The largest buyer was Cornerstone Wealth Management, opening a new position worth an estimated $4.3M. The largest seller was Susquehanna International Group, cutting an estimated $431K.
- 29 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q2 2018, up from 27 in Q1 2018.
- Funds reported $29.9M of First Trust Mid Cap Value AlphaDEX Fund stock for Q2 2018, up 18% quarter-over-quarter.
- 4 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q2 2018 and 2 closed out, a net change of +2 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q2 2018 was Cornerstone Wealth Management, an estimated $4.3M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q2 2018 was Susquehanna International Group, an estimated $431K sold.
Based on aggregated 13F filings for Q2 2018.