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First Trust Mid Cap Core AlphaDEX Fund
FNX

208 hedge funds and large institutions have $813M invested in First Trust Mid Cap Core AlphaDEX Fund in 2026 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 73 increasing their positions, 59 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 8

24% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 59

6% more funds holding

Funds holding: 196 → 208 (+12)

5% more capital invested

Capital invested by funds: $777M → $813M (+$36.4M)

0.43% more ownership

Funds ownership: 66.27% → 66.7% (+0.43%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
208
Holders Change
+12
Holders Change %
+6.12%
% of All Funds
2.56%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
23
Increased
73
Reduced
59
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$9.89M
2
Wells Fargo
Wells Fargo
California
+$5.37M
3
PSCM
Per Stirling Capital Management
Texas
+$4.59M
4
Morgan Stanley
Morgan Stanley
New York
+$4.08M
5
First Trust Advisors
First Trust Advisors
Illinois
+$4.02M

Top Sellers

1
BRWA
B. Riley Wealth Advisors
Florida
-$8.47M
2
Baird Financial Group
Baird Financial Group
Wisconsin
-$3.68M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$2.74M
4
FHC
First Heartland Consultants
Missouri
-$2.19M
5
BAM
Bellevue Asset Management
Washington
-$2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$139M +$4.08M +30,770 +3%
LPL Financial
2
LPL Financial
California
$123M +$3.71M +28,023 +3%
Wells Fargo
3
Wells Fargo
California
$92.3M +$5.37M +40,536 +6%
Raymond James Financial
4
Raymond James Financial
Florida
$56.6M -$442K -3,332 -0.7%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$35.1M +$1.66M +12,540 +5%
UBS Group
6
UBS Group
Switzerland
$26.6M -$1.34M -10,107 -5%
Bank of America
7
Bank of America
North Carolina
$26.4M +$9.89M +74,594 +57%
Cetera Investment Advisers
8
Cetera Investment Advisers
Illinois
$25.4M +$307K +2,319 +1%
Baird Financial Group
9
Baird Financial Group
Wisconsin
$20.1M -$3.68M -27,759 -15%
TCTWM
10
Three Cord True Wealth Management
Pennsylvania
$17.5M +$883K +6,660 +5%
HighTower Advisors
11
HighTower Advisors
Illinois
$15.5M -$479K -3,615 -3%
Stifel Financial
12
Stifel Financial
Missouri
$11.7M +$283K +2,132 +2%
PSCM
13
Per Stirling Capital Management
Texas
$9.86M +$4.59M +34,644 +82%
Northwestern Mutual Wealth Management
14
Northwestern Mutual Wealth Management
Wisconsin
$9.8M +$407K +3,074 +4%
KAS
15
Kestra Advisory Services
Texas
$9.48M -$453K -3,418 -4%
PFA
16
Perryman Financial Advisory
Texas
$9M +$6.5K +49 +0.1%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$8.65M +$230K +1,734 +3%
CPIG
18
Chicago Partners Investment Group
Illinois
$8.26M +$166K +1,256 +2%
Osaic Holdings
19
Osaic Holdings
Arizona
$6.94M -$724K -5,459 -9%
KPWS
20
Kestra Private Wealth Services
Texas
$5.98M +$81.9K +618 +1%
DADC
21
D.A. Davidson & Co
Montana
$5.69M -$386K -2,910 -6%
SA
22
Sanctuary Advisors
Indiana
$5.54M -$22.3K -168 -0.4%
SWP
23
Stratos Wealth Partners
Ohio
$5.1M +$20K +151 +0.4%
Envestnet Asset Management
24
Envestnet Asset Management
Illinois
$4.88M -$858K -6,470 -15%
WWM
25
Western Wealth Management
Colorado
$4.83M +$116K +873 +2%
1
2 3 4 5

FNX Hedge Fund Activity: Q1 2026 in Review

208 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Core AlphaDEX Fund (FNX) for Q1 2026, worth a combined $813M — up 4.7% from $777M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new FNX positions and 8 closed out — a net gain of 15 holders — while 73 added to existing stakes and 59 trimmed.

The largest buyer was Bank of America, adding an estimated $9.89M. The largest seller was B. Riley Wealth Advisors, cutting an estimated $8.47M.

  • 208 institutional investors held First Trust Mid Cap Core AlphaDEX Fund (FNX) as of Q1 2026, up from 196 in Q4 2025.
  • Funds reported $813M of First Trust Mid Cap Core AlphaDEX Fund stock for Q1 2026, up 4.7% quarter-over-quarter.
  • 23 funds opened new First Trust Mid Cap Core AlphaDEX Fund positions in Q1 2026 and 8 closed out, a net change of +15 holders.
  • The largest First Trust Mid Cap Core AlphaDEX Fund buyer in Q1 2026 was Bank of America, an estimated $9.89M added.
  • The largest First Trust Mid Cap Core AlphaDEX Fund seller in Q1 2026 was B. Riley Wealth Advisors, an estimated $8.47M sold.

Based on aggregated 13F filings for Q1 2026.