First Trust Mid Cap Value AlphaDEX Fund
FNK
62 hedge funds and large institutions have $165M invested in First Trust Mid Cap Value AlphaDEX Fund in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
7% more funds holding
Funds holding: 58 → 62 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 17
0.31% less ownership
Funds ownership: 70.28% → 69.97% (-0.31%)
68% less capital inflows, than outflows
Capital inflows: $7.29M | Capital outflows: $23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.79M |
| 2 |
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$960K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$764K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$615K |
| 5 |
Tower Research Capital (TRC)
New York
|
+$507K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$9.46M |
| 2 |
Kestra Advisory Services
Austin,
Texas
|
-$7.63M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.45M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.04M |
| 5 |
TIM
Total Investment Management
Scottsdale,
Arizona
|
-$695K |
FNK Hedge Fund Activity: Q1 2024 in Review
62 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q1 2024, worth a combined $165M — down 4.2% from $172M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FNK positions and 4 closed out — a net gain of 5 holders — while 17 added to existing stakes and 17 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $2.79M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $9.46M.
- 62 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q1 2024, up from 58 in Q4 2023.
- Funds reported $165M of First Trust Mid Cap Value AlphaDEX Fund stock for Q1 2024, down 4.2% quarter-over-quarter.
- 9 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q1 2024 and 4 closed out, a net change of +5 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q1 2024 was Susquehanna International Group, an estimated $2.79M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q1 2024 was Raymond James Financial Services Advisors, an estimated $9.46M sold.
Based on aggregated 13F filings for Q1 2024.