First Trust Mid Cap Value AlphaDEX Fund
FNK
24 hedge funds and large institutions have $16M invested in First Trust Mid Cap Value AlphaDEX Fund in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 5 closing their positions.
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
3.11% less ownership
Funds ownership: 57.35% → 54.24% (-3.1%)
11% less funds holding
Funds holding: 27 → 24 (-3)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
52% less capital invested
Capital invested by funds: $33.3M → $16M (-$17.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.39M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$337K |
| 3 |
Morgan Stanley
New York
|
+$125K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$86K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$67.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
-$2.81M |
| 2 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$2.14M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.25M |
| 4 |
Jane Street
New York
|
-$467K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$410K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GIA
26
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
| – | -$2.14M | -59,419 | Closed |
|
|
27
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.25M | -34,556 | Closed |
|
|
28
Jane Street
New York
| – | -$467K | -12,956 | Closed |
|
|
DADC
29
D.A. Davidson & Co
Great Falls,
Montana
| – | -$262K | -7,274 | Closed |
|
FNK Hedge Fund Activity: Q1 2020 in Review
24 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q1 2020, worth a combined $16M — down 52% from $33.3M a quarter earlier.
Fund positioning in FNK was balanced in Q1 2020: 5 funds opened new positions, 5 closed out, 7 added to existing stakes and 8 trimmed.
The largest buyer was Tower Research Capital (TRC), opening a new position worth an estimated $1.39M. The largest seller was Merit Financial Group, exiting entirely with an estimated $2.81M sold.
- 24 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q1 2020, down from 27 in Q4 2019.
- Funds reported $16M of First Trust Mid Cap Value AlphaDEX Fund stock for Q1 2020, down 52% quarter-over-quarter.
- 5 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q1 2020 and 5 closed out, a net change of 0 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q1 2020 was Tower Research Capital (TRC), an estimated $1.39M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q1 2020 was Merit Financial Group, an estimated $2.81M sold.
Based on aggregated 13F filings for Q1 2020.