First Trust Mid Cap Value AlphaDEX Fund
FNK
58 hedge funds and large institutions have $160M invested in First Trust Mid Cap Value AlphaDEX Fund in 2026 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 18 reducing their positions, and 8 closing their positions.
9% more capital invested
Capital invested by funds: $147M → $160M (+$13M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.3% less ownership
Funds ownership: 71.78% → 71.47% (-0.3%)
2% less funds holding
Funds holding: 59 → 58 (-1)
11% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 18
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.48M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.13M |
| 3 |
Morgan Stanley
New York
|
+$829K |
| 4 |
P
&Partners
Nashville,
Tennessee
|
+$478K |
| 5 |
LPL Financial
San Diego,
California
|
+$325K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Total Investment Management
Scottsdale,
Arizona
|
-$3.92M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$377K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$376K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$293K |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
-$287K |
FNK Hedge Fund Activity: Q2 2026 in Review
58 of the 8,318 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q2 2026, worth a combined $160M — up 8.8% from $147M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FNK and 7 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 16 added.
The largest buyer was Cetera Investment Advisers, adding an estimated $1.48M. The largest seller was Total Investment Management, cutting an estimated $3.92M.
- 58 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q2 2026, down from 59 in Q1 2026.
- Funds reported $160M of First Trust Mid Cap Value AlphaDEX Fund stock for Q2 2026, up 8.8% quarter-over-quarter.
- 7 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q2 2026 and 8 closed out, a net change of -1 holder.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q2 2026 was Cetera Investment Advisers, an estimated $1.48M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q2 2026 was Total Investment Management, an estimated $3.92M sold.
Based on aggregated 13F filings for Q2 2026.