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First Trust Mid Cap Core AlphaDEX Fund
FNX

171 hedge funds and large institutions have $845M invested in First Trust Mid Cap Core AlphaDEX Fund in 2023 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 41 increasing their positions, 74 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 13

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

33% more capital invested

Capital invested by funds: $637M → $845M (+$208M)

12.09% more ownership

Funds ownership: 63.54% → 75.63% (+12%)

8% more funds holding

Funds holding: 158 → 171 (+13)

45% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 74

Holders
171
Holders Change
+13
Holders Change %
+8.23%
% of All Funds
2.49%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.07%
New
27
Increased
41
Reduced
74
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$108M
2
Osaic Holdings
Osaic Holdings
Arizona
+$4.92M
3
National Bank of Canada
National Bank of Canada
Quebec, Canada
+$3.19M
4
BRWA
B. Riley Wealth Advisors
Florida
+$2.66M
5
VF
Virtu Financial
New York
+$2.19M

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$9.78M
2
FH
FWG Holdings
Florida
-$3.33M
3
DADC
D.A. Davidson & Co
Montana
-$2.79M
4
DWA
Dorsey Wright & Associates
California
-$2.65M
5
GSEP
Golden State Equity Partners
California
-$2.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
LI
26
LVZ Inc
Michigan
$4.2M -$454K -4,838 -11%
First Trust Advisors
27
First Trust Advisors
Illinois
$4.18M -$1.11M -11,853 -23%
PSCM
28
Per Stirling Capital Management
Texas
$3.99M -$56.9K -607 -2%
FH
29
FWG Holdings
Florida
$3.8M -$3.33M -35,528 -49%
FHC
30
First Heartland Consultants
Missouri
$3.72M +$628K +6,699 +23%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$3.69M -$2.18M -23,240 -40%
IWM
32
IHT Wealth Management
Illinois
$3.58M -$50.3K -536 -2%
National Bank of Canada
33
National Bank of Canada
Quebec, Canada
$3.52M +$3.19M +34,003 New
Susquehanna International Group
34
Susquehanna International Group
Pennsylvania
$3.26M +$1.61M +17,211 +123%
PAG
35
Private Advisor Group
New Jersey
$3.16M +$360K +3,844 +15%
SWP
36
Stratos Wealth Partners
Ohio
$2.86M +$99.3K +1,059 +4%
PFS
37
Prospera Financial Services
Texas
$2.66M -$51K -544 -2%
PWH
38
Priebe Wealth Holdings
Minnesota
$2.66M +$2.39M +25,434 New
AI
39
Atria Investments
North Carolina
$2.65M -$692K -7,384 -23%
CA
40
Cetera Advisors
Colorado
$2.55M -$20.2K -215 -0.9%
CAN
41
Cetera Advisor Networks
California
$2.48M -$33.7K -359 -1%
VF
42
Virtu Financial
New York
$2.44M +$2.19M +23,370 New
Citadel Advisors
43
Citadel Advisors
Florida
$2.41M +$2.17M +23,116 New
SCA
44
Snowden Capital Advisors
New York
$2.37M -$1.39M -14,831 -40%
WWM
45
Western Wealth Management
Colorado
$2.3M +$99.4K +1,060 +5%
S4W
46
Solutions 4 Wealth
Texas
$2.23M +$2.01M +21,389 New
AAS
47
Avantax Advisory Services
Texas
$2.1M -$80.9K -863 -4%
Comerica Bank
48
Comerica Bank
Texas
$2.05M -$9.1K -97 -0.5%
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$2.04M +$775K +8,264 +73%
CFG
50
Citizens Financial Group
Rhode Island
$1.89M +$1.5K +16 +0.1%
1
2
3 4 5

FNX Hedge Fund Activity: Q4 2023 in Review

171 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Core AlphaDEX Fund (FNX) for Q4 2023, worth a combined $845M — up 33% from $637M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new FNX positions and 13 closed out — a net gain of 14 holders — while 41 added to existing stakes and 74 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $108M. The largest seller was Wells Fargo, cutting an estimated $9.78M.

  • 171 institutional investors held First Trust Mid Cap Core AlphaDEX Fund (FNX) as of Q4 2023, up from 158 in Q3 2023.
  • Funds reported $845M of First Trust Mid Cap Core AlphaDEX Fund stock for Q4 2023, up 33% quarter-over-quarter.
  • 27 funds opened new First Trust Mid Cap Core AlphaDEX Fund positions in Q4 2023 and 13 closed out, a net change of +14 holders.
  • The largest First Trust Mid Cap Core AlphaDEX Fund buyer in Q4 2023 was Morgan Stanley, an estimated $108M added.
  • The largest First Trust Mid Cap Core AlphaDEX Fund seller in Q4 2023 was Wells Fargo, an estimated $9.78M sold.

Based on aggregated 13F filings for Q4 2023.