First Trust Mid Cap Core AlphaDEX Fund
111 hedge funds and large institutions have $387M invested in First Trust Mid Cap Core AlphaDEX Fund in 2020 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 29 increasing their positions, 39 reducing their positions, and 4 closing their positions.
475% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 4
30% more capital invested
Capital invested by funds: $298M → $387M (+$88.8M)
18% more funds holding
Funds holding: 94 → 111 (+17)
2.73% more ownership
Funds ownership: 50.43% → 53.16% (+2.7%)
26% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$8.71M |
| 2 |
LPL Financial
San Diego,
California
|
+$3.08M |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$2M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.52M |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$2.65M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.65M |
| 3 |
Morgan Stanley
New York
|
-$1.38M |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
-$1.38M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.15M |
FNX Hedge Fund Activity: Q4 2020 in Review
111 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Core AlphaDEX Fund (FNX) for Q4 2020, worth a combined $387M — up 30% from $298M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FNX positions and 4 closed out — a net gain of 19 holders — while 29 added to existing stakes and 39 trimmed.
The largest buyer was B. Riley Wealth Advisors, opening a new position worth an estimated $8.71M. The largest seller was Citadel Advisors, cutting an estimated $2.65M.
- 111 institutional investors held First Trust Mid Cap Core AlphaDEX Fund (FNX) as of Q4 2020, up from 94 in Q3 2020.
- Funds reported $387M of First Trust Mid Cap Core AlphaDEX Fund stock for Q4 2020, up 30% quarter-over-quarter.
- 23 funds opened new First Trust Mid Cap Core AlphaDEX Fund positions in Q4 2020 and 4 closed out, a net change of +19 holders.
- The largest First Trust Mid Cap Core AlphaDEX Fund buyer in Q4 2020 was B. Riley Wealth Advisors, an estimated $8.71M added.
- The largest First Trust Mid Cap Core AlphaDEX Fund seller in Q4 2020 was Citadel Advisors, an estimated $2.65M sold.
Based on aggregated 13F filings for Q4 2020.