First Trust Mid Cap Value AlphaDEX Fund
FNK
25 hedge funds and large institutions have $29.2M invested in First Trust Mid Cap Value AlphaDEX Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
4% more funds holding
Funds holding: 24 → 25 (+1)
1.83% less ownership
Funds ownership: 57.95% → 56.12% (-1.8%)
9% less capital invested
Capital invested by funds: $32M → $29.2M (-$2.74M)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$728K |
| 2 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$610K |
| 3 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
+$495K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$311K |
| 5 |
KP
Keel Point
Huntsville,
Alabama
|
+$240K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.77M |
| 2 |
Jane Street
New York
|
-$945K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$929K |
| 4 |
Morgan Stanley
New York
|
-$484K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$321K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Jane Street
New York
| – | -$945K | -27,390 | Closed |
|
|
FHA
27
First Horizon Advisors
Memphis,
Tennessee
| – | -$8K | -248 | Closed |
|
FNK Hedge Fund Activity: Q3 2019 in Review
25 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q3 2019, worth a combined $29.2M — down 8.6% from $32M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FNK positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 11 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $728K. The largest seller was Raymond James & Associates, cutting an estimated $1.77M.
- 25 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q3 2019, up from 24 in Q2 2019.
- Funds reported $29.2M of First Trust Mid Cap Value AlphaDEX Fund stock for Q3 2019, down 8.6% quarter-over-quarter.
- 4 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q3 2019 and 3 closed out, a net change of +1 holder.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q3 2019 was Citadel Advisors, an estimated $728K added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q3 2019 was Raymond James & Associates, an estimated $1.77M sold.
Based on aggregated 13F filings for Q3 2019.