First Trust Mid Cap Value AlphaDEX Fund
FNK
60 hedge funds and large institutions have $150M invested in First Trust Mid Cap Value AlphaDEX Fund in 2024 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 20 reducing their positions, and 7 closing their positions.
0.15% more ownership
Funds ownership: 69.97% → 70.12% (+0.15%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
3% less funds holding
Funds holding: 62 → 60 (-2)
9% less capital invested
Capital invested by funds: $165M → $150M (-$14.4M)
20% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.87M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.29M |
| 3 |
PAG
Private Advisory Group
Redmond,
Washington
|
+$1.04M |
| 4 |
LS
Leelyn Smith
Geneva,
Illinois
|
+$555K |
| 5 |
TIM
Total Investment Management
Scottsdale,
Arizona
|
+$444K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$2.19M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.52M |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$1.19M |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$1.18M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.04M |
FNK Hedge Fund Activity: Q2 2024 in Review
60 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q2 2024, worth a combined $150M — down 8.7% from $165M a quarter earlier.
Fund positioning in FNK was balanced in Q2 2024: 7 funds opened new positions, 7 closed out, 16 added to existing stakes and 20 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.87M. The largest seller was Baird Financial Group, exiting entirely with an estimated $2.19M sold.
- 60 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q2 2024, down from 62 in Q1 2024.
- Funds reported $150M of First Trust Mid Cap Value AlphaDEX Fund stock for Q2 2024, down 8.7% quarter-over-quarter.
- 7 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q2 2024 and 7 closed out, a net change of 0 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q2 2024 was Morgan Stanley, an estimated $1.87M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q2 2024 was Baird Financial Group, an estimated $2.19M sold.
Based on aggregated 13F filings for Q2 2024.