First Trust Mid Cap Value AlphaDEX Fund
FNK
58 hedge funds and large institutions have $159M invested in First Trust Mid Cap Value AlphaDEX Fund in 2023 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 18 increasing their positions, 22 reducing their positions, and 15 closing their positions.
3.1% less ownership
Funds ownership: 72.19% → 69.1% (-3.1%)
17% less capital invested
Capital invested by funds: $192M → $159M (-$32.6M)
18% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 22
19% less funds holding
Funds holding: 72 → 58 (-14)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
93% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$2.17M |
| 2 |
TIM
Total Investment Management
Scottsdale,
Arizona
|
+$2.04M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.31M |
| 4 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
+$707K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$587K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$9.5M |
| 2 |
OPOWM
One Plus One Wealth Management
Jupiter,
Florida
|
-$4.47M |
| 3 |
Morgan Stanley
New York
|
-$4.31M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.54M |
| 5 |
PAG
Private Advisory Group
Redmond,
Washington
|
-$3M |
FNK Hedge Fund Activity: Q2 2023 in Review
58 of the 6,382 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q2 2023, worth a combined $159M — down 17% from $192M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FNK and 1 opened new positions — a net loss of 14 holders — while 22 trimmed existing stakes and 18 added.
The largest buyer was First Trust Advisors, adding an estimated $2.17M. The largest seller was AE Wealth Management, exiting entirely with an estimated $9.5M sold.
- 58 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q2 2023, down from 72 in Q1 2023.
- Funds reported $159M of First Trust Mid Cap Value AlphaDEX Fund stock for Q2 2023, down 17% quarter-over-quarter.
- 1 fund opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q2 2023 and 15 closed out, a net change of -14 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q2 2023 was First Trust Advisors, an estimated $2.17M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q2 2023 was AE Wealth Management, an estimated $9.5M sold.
Based on aggregated 13F filings for Q2 2023.