First Trust Mid Cap Value AlphaDEX Fund
FNK
9 hedge funds and large institutions have $10.4M invested in First Trust Mid Cap Value AlphaDEX Fund in 2013 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 2 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
3% more capital invested
Capital invested by funds: $10.1M → $10.4M (+$277K)
7.33% less ownership
Funds ownership: 44.3% → 36.97% (-7.3%)
10% less funds holding
Funds holding: 10 → 9 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$437K |
| 2 |
LPL Financial
San Diego,
California
|
+$208K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$158K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$72K |
| 5 |
KIA
KCM Investment Advisors
Greenbrae,
California
|
+$59K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.16M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$455K |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$19K |
| 4 |
AIG
American International Group
New York
|
-$12.2K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$5.64K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Morgan Stanley
New York
| $4.15M | -$1.16M | -41,003 | -23% |
|
|
2
Wells Fargo
San Francisco,
California
| $3.65M | +$437K | +15,429 | +14% |
|
|
3
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $872K | -$455K | -16,034 | -35% |
|
|
KIA
4
KCM Investment Advisors
Greenbrae,
California
| $495K | +$59K | +2,082 | +14% |
|
|
5
Royal Bank of Canada
Toronto,
Ontario, Canada
| $480K | +$158K | +5,588 | +53% |
|
6
Commonwealth Equity Services
Waltham,
Massachusetts
| $396K | +$3K | +106 | +0.8% |
|
|
7
LPL Financial
San Diego,
California
| $217K | +$208K | +7,320 | New |
|
|
8
Bank of America
Charlotte,
North Carolina
| $82K | +$72K | +2,541 | +1,139% |
|
|
9
Ameriprise
Minneapolis,
Minnesota
| $60K | -$5.64K | -199 | -9% |
|
|
U
10
UBS
Zurich,
Switzerland
| – | -$19K | -720 | Closed |
|
|
AIG
11
American International Group
New York
| – | -$12.2K | -455 | Closed |
|
FNK Hedge Fund Activity: Q4 2013 in Review
9 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q4 2013, worth a combined $10.4M — up 2.7% from $10.1M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FNK and 1 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 5 added.
The largest buyer was Wells Fargo, adding an estimated $437K. The largest seller was Morgan Stanley, cutting an estimated $1.16M.
- 9 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q4 2013, down from 10 in Q3 2013.
- Funds reported $10.4M of First Trust Mid Cap Value AlphaDEX Fund stock for Q4 2013, up 2.7% quarter-over-quarter.
- 1 fund opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q4 2013 and 2 closed out, a net change of -1 holder.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q4 2013 was Wells Fargo, an estimated $437K added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q4 2013 was Morgan Stanley, an estimated $1.16M sold.
Based on aggregated 13F filings for Q4 2013.