First Trust Mid Cap Value AlphaDEX Fund
FNK
30 hedge funds and large institutions have $31.9M invested in First Trust Mid Cap Value AlphaDEX Fund in 2019 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 16 increasing their positions, 6 reducing their positions, and 3 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 6
30% more capital invested
Capital invested by funds: $24.5M → $31.9M (+$7.43M)
3.3% more ownership
Funds ownership: 55.46% → 58.76% (+3.3%)
6% less funds holding
Funds holding: 32 → 30 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$1.61M |
| 2 |
Morgan Stanley
New York
|
+$1.02M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$685K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$516K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$424K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$348K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$286K |
| 3 |
LI
LVZ Inc
Holland,
Michigan
|
-$280K |
| 4 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
-$272K |
| 5 |
TSS
Two Sigma Securities
New York
|
-$239K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $14K | – | – | – |
|
27
Citigroup
New York
| $8K | – | – | – |
|
|
FHA
28
First Horizon Advisors
Memphis,
Tennessee
| $8K | – | – | – |
|
|
NWM
29
Northwest Wealth Management
Spencer,
Iowa
| $3K | – | – | – |
|
|
LI
30
LVZ Inc
Holland,
Michigan
| – | -$280K | -9,195 | Closed |
|
|
TSS
31
Two Sigma Securities
New York
| – | -$239K | -7,862 | Closed |
|
|
RWA
32
River Wealth Advisors
Camp Hill,
Pennsylvania
| – | -$1K | -19 | Closed |
|
FNK Hedge Fund Activity: Q1 2019 in Review
30 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q1 2019, worth a combined $31.9M — up 30% from $24.5M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FNK and 1 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 16 added.
The largest buyer was Benjamin F. Edwards & Company, adding an estimated $1.61M. The largest seller was Jane Street, cutting an estimated $348K.
- 30 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q1 2019, down from 32 in Q4 2018.
- Funds reported $31.9M of First Trust Mid Cap Value AlphaDEX Fund stock for Q1 2019, up 30% quarter-over-quarter.
- 1 fund opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q1 2019 and 3 closed out, a net change of -2 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q1 2019 was Benjamin F. Edwards & Company, an estimated $1.61M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q1 2019 was Jane Street, an estimated $348K sold.
Based on aggregated 13F filings for Q1 2019.