First Trust Mid Cap Core AlphaDEX Fund
77 hedge funds and large institutions have $339M invested in First Trust Mid Cap Core AlphaDEX Fund in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 48 reducing their positions, and 9 closing their positions.
3% less funds holding
Funds holding: 79 → 77 (-2)
7.21% less ownership
Funds ownership: 59.13% → 51.92% (-7.2%)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
28% less capital invested
Capital invested by funds: $472M → $339M (-$133M)
65% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 48
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.46M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$3.35M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.15M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$1.11M |
| 5 |
VF
Virtu Financial
New York
|
+$764K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$29.6M |
| 2 |
Morgan Stanley
New York
|
-$28.1M |
| 3 |
AIM
Astor Investment Management
Chicago,
Illinois
|
-$13M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$12.8M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$10.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JFA
76
JNBA Financial Advisors
Bloomington,
Minnesota
| $2K | – | – | – |
|
|
CS
77
Credit Suisse
Zurich,
Switzerland
| – | -$2.87M | -59,684 | Closed |
|
|
BRWA
78
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$894K | -18,568 | Closed |
|
|
KA
79
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$685K | -14,256 | Closed |
|
|
SS
80
Simplicity Solutions
Minneapolis,
Minnesota
| – | -$332K | -6,899 | Closed |
|
|
NPC
81
National Planning Corporation
El Segundo,
California
| – | -$226K | -5,195 | Closed |
|
|
TSS
82
Two Sigma Securities
New York
| – | -$224K | -4,666 | Closed |
|
|
CAM
83
Concorde Asset Management
Ann Arbor,
Michigan
| – | -$208K | -4,332 | Closed |
|
84
Bessemer Group
Woodbridge,
New Jersey
| – | -$56K | -1,170 | Closed |
|
|
WRM
85
Westport Resources Management
Westport,
Connecticut
| – | -$11K | -227 | Closed |
|
FNX Hedge Fund Activity: Q1 2016 in Review
77 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Core AlphaDEX Fund (FNX) for Q1 2016, worth a combined $339M — down 28% from $472M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FNX and 8 opened new positions — a net loss of 1 holder — while 48 trimmed existing stakes and 17 added.
The largest buyer was Susquehanna International Group, adding an estimated $5.46M. The largest seller was Wells Fargo, cutting an estimated $29.6M.
- 77 institutional investors held First Trust Mid Cap Core AlphaDEX Fund (FNX) as of Q1 2016, down from 79 in Q4 2015.
- Funds reported $339M of First Trust Mid Cap Core AlphaDEX Fund stock for Q1 2016, down 28% quarter-over-quarter.
- 8 funds opened new First Trust Mid Cap Core AlphaDEX Fund positions in Q1 2016 and 9 closed out, a net change of -1 holder.
- The largest First Trust Mid Cap Core AlphaDEX Fund buyer in Q1 2016 was Susquehanna International Group, an estimated $5.46M added.
- The largest First Trust Mid Cap Core AlphaDEX Fund seller in Q1 2016 was Wells Fargo, an estimated $29.6M sold.
Based on aggregated 13F filings for Q1 2016.