First Trust Mid Cap Value AlphaDEX Fund
FNK
72 hedge funds and large institutions have $191M invested in First Trust Mid Cap Value AlphaDEX Fund in 2023 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 27 increasing their positions, 12 reducing their positions, and 6 closing their positions.
183% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 6
125% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 12
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
20% more capital invested
Capital invested by funds: $159M → $191M (+$32.2M)
16% more funds holding
Funds holding: 62 → 72 (+10)
1.88% more ownership
Funds ownership: 70.31% → 72.19% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$9.95M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$5.82M |
| 3 |
Morgan Stanley
New York
|
+$3.9M |
| 4 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
+$3.08M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$2.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$9.15M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$861K |
| 3 |
Goldman Sachs
New York
|
-$758K |
| 4 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$514K |
| 5 |
MCC
Money Concepts Capital
Palm Beach Gardens,
Florida
|
-$506K |
FNK Hedge Fund Activity: Q1 2023 in Review
72 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q1 2023, worth a combined $191M — up 20% from $159M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FNK positions and 6 closed out — a net gain of 11 holders — while 27 added to existing stakes and 12 trimmed.
The largest buyer was AE Wealth Management, opening a new position worth an estimated $9.95M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $9.15M sold.
- 72 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q1 2023, up from 62 in Q4 2022.
- Funds reported $191M of First Trust Mid Cap Value AlphaDEX Fund stock for Q1 2023, up 20% quarter-over-quarter.
- 17 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q1 2023 and 6 closed out, a net change of +11 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q1 2023 was AE Wealth Management, an estimated $9.95M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q1 2023 was Raymond James Financial Services Advisors, an estimated $9.15M sold.
Based on aggregated 13F filings for Q1 2023.