First Trust Mid Cap Value AlphaDEX Fund
FNK
58 hedge funds and large institutions have $183M invested in First Trust Mid Cap Value AlphaDEX Fund in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
19% more capital invested
Capital invested by funds: $153M → $183M (+$29.8M)
5% more funds holding
Funds holding: 55 → 58 (+3)
3.26% more ownership
Funds ownership: 71.41% → 74.67% (+3.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$9.1M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$8.75M |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$6.83M |
| 4 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
+$652K |
| 5 |
TIM
Total Investment Management
Scottsdale,
Arizona
|
+$491K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$4.43M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$3.64M |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$2.39M |
| 4 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$1.38M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.15M |
FNK Hedge Fund Activity: Q4 2023 in Review
58 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q4 2023, worth a combined $183M — up 19% from $153M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FNK positions and 6 closed out — a net gain of 3 holders — while 16 added to existing stakes and 19 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $9.1M. The largest seller was First Trust Advisors, exiting entirely with an estimated $4.43M sold.
- 58 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q4 2023, up from 55 in Q3 2023.
- Funds reported $183M of First Trust Mid Cap Value AlphaDEX Fund stock for Q4 2023, up 19% quarter-over-quarter.
- 9 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q4 2023 and 6 closed out, a net change of +3 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q4 2023 was Morgan Stanley, an estimated $9.1M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q4 2023 was First Trust Advisors, an estimated $4.43M sold.
Based on aggregated 13F filings for Q4 2023.