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 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 4 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
4% less funds holding
Funds holding: 25 → 24 (-1)
7% less ownership
Funds ownership: 53.46% → 46.46% (-7%)
13% less capital invested
Capital invested by funds: $18.4M → $16M (-$2.43M)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.05M |
| 2 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$744K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$414K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$293K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$203K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$2.21M |
| 2 |
Morgan Stanley
New York
|
-$1.01M |
| 3 |
LPL Financial
San Diego,
California
|
-$890K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$403K |
| 5 |
Jane Street
New York
|
-$288K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Jane Street
New York
| – | -$288K | -10,440 | Closed |
|
|
PAG
27
Private Advisor Group
Morristown,
New Jersey
| – | -$135K | -4,902 | Closed |
|
28
Citigroup
New York
| – | -$6K | -222 | Closed |
|
FNK Hedge Fund Activity: Q3 2020 in Review
24 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q3 2020, worth a combined $16M — down 13% from $18.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FNK and 3 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 8 added.
The largest buyer was Osaic Holdings, adding an estimated $1.05M. The largest seller was Wells Fargo, cutting an estimated $2.21M.
- 24 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q3 2020, down from 25 in Q2 2020.
- Funds reported $16M of First Trust Mid Cap Value AlphaDEX Fund stock for Q3 2020, down 13% quarter-over-quarter.
- 3 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q3 2020 and 4 closed out, a net change of -1 holder.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q3 2020 was Osaic Holdings, an estimated $1.05M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q3 2020 was Wells Fargo, an estimated $2.21M sold.
Based on aggregated 13F filings for Q3 2020.