First Trust Mid Cap Core AlphaDEX Fund
88 hedge funds and large institutions have $356M invested in First Trust Mid Cap Core AlphaDEX Fund in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 34 increasing their positions, 25 reducing their positions, and 10 closing their positions.
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
36% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 25
16% more capital invested
Capital invested by funds: $307M → $356M (+$48.6M)
7% more funds holding
Funds holding: 82 → 88 (+6)
5.28% more ownership
Funds ownership: 45.48% → 50.75% (+5.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.26M |
| 2 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
+$6.04M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.09M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$2.15M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.86M |
| 2 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$2.78M |
| 3 |
AIM
Astor Investment Management
Chicago,
Illinois
|
-$1.35M |
| 4 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$1.29M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.19M |
FNX Hedge Fund Activity: Q4 2016 in Review
88 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Core AlphaDEX Fund (FNX) for Q4 2016, worth a combined $356M — up 16% from $307M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FNX positions and 10 closed out — a net gain of 7 holders — while 34 added to existing stakes and 25 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $7.26M. The largest seller was UBS Group, cutting an estimated $2.86M.
- 88 institutional investors held First Trust Mid Cap Core AlphaDEX Fund (FNX) as of Q4 2016, up from 82 in Q3 2016.
- Funds reported $356M of First Trust Mid Cap Core AlphaDEX Fund stock for Q4 2016, up 16% quarter-over-quarter.
- 17 funds opened new First Trust Mid Cap Core AlphaDEX Fund positions in Q4 2016 and 10 closed out, a net change of +7 holders.
- The largest First Trust Mid Cap Core AlphaDEX Fund buyer in Q4 2016 was Morgan Stanley, an estimated $7.26M added.
- The largest First Trust Mid Cap Core AlphaDEX Fund seller in Q4 2016 was UBS Group, an estimated $2.86M sold.
Based on aggregated 13F filings for Q4 2016.