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, 16 increasing their positions, 18 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)
4.7% less ownership
Funds ownership: 74.67% → 69.97% (-4.7%)
10% less capital invested
Capital invested by funds: $183M → $165M (-$18M)
11% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.79M |
| 2 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$960K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$764K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$615K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$507K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.4M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$9.46M |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$7.63M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.45M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.04M |
FNK Hedge Fund Activity: Q1 2024 in Review
62 of the 6,942 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 9.8% from $183M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FNK positions and 4 closed out — a net gain of 5 holders — while 16 added to existing stakes and 18 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $2.79M. The largest seller was Morgan Stanley, cutting an estimated $10.4M.
- 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 9.8% 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 Morgan Stanley, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2024.