First Trust Mid Cap Value AlphaDEX Fund
FNK
30 hedge funds and large institutions have $48.5M invested in First Trust Mid Cap Value AlphaDEX Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 4 reducing their positions, and 4 closing their positions.
1,053% more capital inflows, than outflows
Capital inflows: $22.4M | Capital outflows: $1.94M
275% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 4
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
40.59% more ownership
Funds ownership: 56.24% → 96.83% (+41%)
7% more funds holding
Funds holding: 28 → 30 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Advisor Networks
El Segundo,
California
|
+$8.67M |
| 2 |
Jane Street
New York
|
+$3.44M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.36M |
| 4 |
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$1.68M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.19M |
| 2 |
Credit Suisse
Zurich,
Switzerland
|
-$536K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$95.1K |
| 4 |
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$79.1K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$21K |
FNK Hedge Fund Activity: Q1 2017 in Review
30 of the 4,035 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q1 2017, worth a combined $48.5M — up 75% from $27.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FNK positions and 4 closed out — a net gain of 3 holders — while 15 added to existing stakes and 4 trimmed.
The largest buyer was Cetera Advisor Networks, opening a new position worth an estimated $8.67M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $1.19M sold.
- 30 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q1 2017, up from 28 in Q4 2016.
- Funds reported $48.5M of First Trust Mid Cap Value AlphaDEX Fund stock for Q1 2017, up 75% quarter-over-quarter.
- 7 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q1 2017 and 4 closed out, a net change of +3 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q1 2017 was Cetera Advisor Networks, an estimated $8.67M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q1 2017 was Susquehanna International Group, an estimated $1.19M sold.
Based on aggregated 13F filings for Q1 2017.