First Trust Mid Cap Value AlphaDEX Fund
FNK
55 hedge funds and large institutions have $153M invested in First Trust Mid Cap Value AlphaDEX Fund in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 7 closing their positions.
2.31% more ownership
Funds ownership: 69.1% → 71.41% (+2.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $159M → $153M (-$6.52M)
5% less funds holding
Funds holding: 58 → 55 (-3)
19% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 21
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Total Investment Management
Scottsdale,
Arizona
|
+$5.11M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.65M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$1.07M |
| 4 |
WP
WealthSource Partners
San Luis Obispo,
California
|
+$969K |
| 5 |
WEG
World Equity Group
Schaumburg,
Illinois
|
+$830K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.05M |
| 2 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$2.29M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.84M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.75M |
| 5 |
LPL Financial
San Diego,
California
|
-$1.29M |
FNK Hedge Fund Activity: Q3 2023 in Review
55 of the 6,309 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q3 2023, worth a combined $153M — down 4.1% from $159M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FNK and 4 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 17 added.
The largest buyer was Total Investment Management, adding an estimated $5.11M. The largest seller was Raymond James & Associates, cutting an estimated $3.05M.
- 55 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q3 2023, down from 58 in Q2 2023.
- Funds reported $153M of First Trust Mid Cap Value AlphaDEX Fund stock for Q3 2023, down 4.1% quarter-over-quarter.
- 4 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q3 2023 and 7 closed out, a net change of -3 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q3 2023 was Total Investment Management, an estimated $5.11M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q3 2023 was Raymond James & Associates, an estimated $3.05M sold.
Based on aggregated 13F filings for Q3 2023.