First Trust Mid Cap Value AlphaDEX Fund
FNK
25 hedge funds and large institutions have $18.4M invested in First Trust Mid Cap Value AlphaDEX Fund in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
15% more capital invested
Capital invested by funds: $16M → $18.4M (+$2.41M)
4% more funds holding
Funds holding: 24 → 25 (+1)
0.78% less ownership
Funds ownership: 54.24% → 53.46% (-0.78%)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$305K |
| 2 |
Jane Street
New York
|
+$265K |
| 3 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
+$222K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$124K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$104K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.12M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$630K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$365K |
| 4 |
LPL Financial
San Diego,
California
|
-$355K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$340K |
FNK Hedge Fund Activity: Q2 2020 in Review
25 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q2 2020, worth a combined $18.4M — up 15% from $16M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FNK positions and 2 closed out — a net gain of 1 holder — while 5 added to existing stakes and 9 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $305K. The largest seller was Morgan Stanley, cutting an estimated $1.12M.
- 25 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q2 2020, up from 24 in Q1 2020.
- Funds reported $18.4M of First Trust Mid Cap Value AlphaDEX Fund stock for Q2 2020, up 15% quarter-over-quarter.
- 3 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q2 2020 and 2 closed out, a net change of +1 holder.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q2 2020 was Citadel Advisors, an estimated $305K added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q2 2020 was Morgan Stanley, an estimated $1.12M sold.
Based on aggregated 13F filings for Q2 2020.