First Trust Mid Cap Value AlphaDEX Fund
FNK
41 hedge funds and large institutions have $74M invested in First Trust Mid Cap Value AlphaDEX Fund in 2021 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 13 closing their positions.
9.32% less ownership
Funds ownership: 68.83% → 59.51% (-9.3%)
12% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 17
20% less funds holding
Funds holding: 51 → 41 (-10)
30% less capital invested
Capital invested by funds: $106M → $74M (-$32M)
77% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
+$1.74M |
| 2 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$1.04M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$838K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$735K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$608K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.34M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$5.37M |
| 3 |
LPL Financial
San Diego,
California
|
-$5.19M |
| 4 |
PAG
Private Advisory Group
Redmond,
Washington
|
-$3M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$2.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SL
51
Savior LLC
Wellesley Hills,
Massachusetts
| – | -$260K | -5,843 | Closed |
|
52
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$235K | -5,290 | Closed |
|
|
KA
53
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$232K | -5,230 | Closed |
|
|
SB
54
Strategic Blueprint
Atlanta,
Georgia
| – | -$60K | -1,342 | Closed |
|
|
BCV
55
Banque Cantonale Vaudoise
Lausanne,
Switzerland
| – | -$42K | -955 | Closed |
|
|
AWA
56
Arkadios Wealth Advisors
Atlanta,
Georgia
| – | -$8K | -189 | Closed |
|
FNK Hedge Fund Activity: Q3 2021 in Review
41 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q3 2021, worth a combined $74M — down 30% from $106M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FNK and 3 opened new positions — a net loss of 10 holders — while 17 trimmed existing stakes and 15 added.
The largest buyer was Flow Traders U.S., opening a new position worth an estimated $1.74M. The largest seller was Morgan Stanley, cutting an estimated $9.34M.
- 41 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q3 2021, down from 51 in Q2 2021.
- Funds reported $74M of First Trust Mid Cap Value AlphaDEX Fund stock for Q3 2021, down 30% quarter-over-quarter.
- 3 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q3 2021 and 13 closed out, a net change of -10 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q3 2021 was Flow Traders U.S., an estimated $1.74M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q3 2021 was Morgan Stanley, an estimated $9.34M sold.
Based on aggregated 13F filings for Q3 2021.