First Trust Mid Cap Value AlphaDEX Fund
FNK
32 hedge funds and large institutions have $24.5M invested in First Trust Mid Cap Value AlphaDEX Fund in 2018 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 5 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
3% more funds holding
Funds holding: 31 → 32 (+1)
11.73% less ownership
Funds ownership: 67.19% → 55.46% (-12%)
24% less capital invested
Capital invested by funds: $32.1M → $24.5M (-$7.57M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.15M |
| 2 |
Jane Street
New York
|
+$1.03M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$573K |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$385K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$374K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$4.91M |
| 2 |
Morgan Stanley
New York
|
-$565K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$418K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$354K |
| 5 |
KIA
KCM Investment Advisors
Greenbrae,
California
|
-$323K |
FNK Hedge Fund Activity: Q4 2018 in Review
32 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q4 2018, worth a combined $24.5M — down 24% from $32.1M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FNK positions and 5 closed out — a net gain of 1 holder — while 12 added to existing stakes and 9 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $1.15M. The largest seller was Cornerstone Wealth Management, exiting entirely with an estimated $4.91M sold.
- 32 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q4 2018, up from 31 in Q3 2018.
- Funds reported $24.5M of First Trust Mid Cap Value AlphaDEX Fund stock for Q4 2018, down 24% quarter-over-quarter.
- 6 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q4 2018 and 5 closed out, a net change of +1 holder.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q4 2018 was Raymond James & Associates, an estimated $1.15M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $4.91M sold.
Based on aggregated 13F filings for Q4 2018.