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First Trust Mid Cap Value AlphaDEX Fund
FNK

72 hedge funds and large institutions have $191M invested in First Trust Mid Cap Value AlphaDEX Fund in 2023 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 27 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

183% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 6

125% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 12

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

20% more capital invested

Capital invested by funds: $159M → $191M (+$32.2M)

16% more funds holding

Funds holding: 62 → 72 (+10)

1.88% more ownership

Funds ownership: 70.31% → 72.19% (+1.9%)

Holders
72
Holders Change
+10
Holders Change %
+16.13%
% of All Funds
1.15%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
17
Increased
27
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AWM
AE Wealth Management
Kansas
+$9.95M
2
Wells Fargo
Wells Fargo
California
+$5.82M
3
Morgan Stanley
Morgan Stanley
New York
+$3.9M
4
GIA
Gladstone Institutional Advisory
Florida
+$3.08M
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$2.68M

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$9.15M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$861K
3
Goldman Sachs
Goldman Sachs
New York
-$758K
4
TFA
Transamerica Financial Advisors
Florida
-$514K
5
MCC
Money Concepts Capital
Florida
-$506K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
26
Citadel Advisors
Florida
$1.22M -$36.8K -805 -3%
SWP
27
Stratos Wealth Partners
Ohio
$1.18M +$90.2K +1,972 +8%
First Trust Advisors
28
First Trust Advisors
Illinois
$1.14M -$161K -3,519 -12%
DAS
29
Dynamic Advisor Solutions
Arizona
$1.03M +$7.18K +157 +0.7%
GSC
30
G&S Capital
Colorado
$1.03M -$114K -2,502 -10%
AWAG
31
ARS Wealth Advisors Group
Florida
$880K -$121K -2,650 -12%
EH
32
Equitable Holdings
New York
$829K – – –
WAP
33
Wealthcare Advisory Partners
Pennsylvania
$754K +$789K +17,250 New
TRCT
34
Tower Research Capital (TRC)
New York
$660K +$39K +853 +6%
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$506K +$14.5K +318 +3%
KP
36
Keel Point
Alabama
$503K +$13.9K +303 +3%
LS
37
Leelyn Smith
Illinois
$498K +$522K +11,408 New
MML Investors Services
38
MML Investors Services
Massachusetts
$467K +$180K +3,933 +58%
TFA
39
Transamerica Financial Advisors
Florida
$433K -$514K -11,240 -53%
MOS
40
MGO One Seven
Ohio
$357K – – –
DADC
41
D.A. Davidson & Co
Montana
$303K +$5.99K +131 +2%
Thrivent Financial for Lutherans
42
Thrivent Financial for Lutherans
Minnesota
$254K +$46 +1 +0%
IFG
43
Independent Financial Group
California
$249K +$4.25K +93 +2%
PFS
44
Prospera Financial Services
Texas
$225K +$236K +5,161 New
TA
45
TKG Advisors
Indiana
$224K -$38.8K -847 -14%
AWA
46
Arkadios Wealth Advisors
Georgia
$221K +$824 +18 +0.4%
PTC
47
Private Trust Company
Ohio
$201K – – –
ASN
48
Advisory Services Network
Georgia
$171K +$46 +1 +0%
FFA
49
Founders Financial Alliance
North Carolina
$121K – – –
NA
50
NewEdge Advisors
Louisiana
$86.7K +$39.4K +861 +77%
1
2
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FNK Hedge Fund Activity: Q1 2023 in Review

72 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q1 2023, worth a combined $191M — up 20% from $159M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FNK positions and 6 closed out — a net gain of 11 holders — while 27 added to existing stakes and 12 trimmed.

The largest buyer was AE Wealth Management, opening a new position worth an estimated $9.95M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $9.15M sold.

  • 72 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q1 2023, up from 62 in Q4 2022.
  • Funds reported $191M of First Trust Mid Cap Value AlphaDEX Fund stock for Q1 2023, up 20% quarter-over-quarter.
  • 17 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q1 2023 and 6 closed out, a net change of +11 holders.
  • The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q1 2023 was AE Wealth Management, an estimated $9.95M added.
  • The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q1 2023 was Raymond James Financial Services Advisors, an estimated $9.15M sold.

Based on aggregated 13F filings for Q1 2023.