First Trust Mid Cap Core AlphaDEX Fund
124 hedge funds and large institutions have $506M invested in First Trust Mid Cap Core AlphaDEX Fund in 2021 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 43 increasing their positions, 42 reducing their positions, and 9 closing their positions.
156% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 9
31% more capital invested
Capital invested by funds: $387M → $506M (+$119M)
12% more funds holding
Funds holding: 111 → 124 (+13)
3.24% more ownership
Funds ownership: 53.16% → 56.4% (+3.2%)
2% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 42
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$18.6M |
| 2 |
LPL Financial
San Diego,
California
|
+$14.6M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$10M |
| 4 |
AIA
Arrow Investment Advisors
Laurel,
Maryland
|
+$5.54M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$4.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$5.85M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.01M |
| 3 |
AWAP
Alliance Wealth Advisors (Pennsylvania)
Scranton,
Pennsylvania
|
-$2.67M |
| 4 |
Goldman Sachs
New York
|
-$2.65M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$2.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
126
Next Financial Group
Houston,
Texas
| $1K | +$726 | +8 | New |
|
|
127
Ameriprise
Minneapolis,
Minnesota
| – | -$5.85M | -69,980 | Closed |
|
|
128
Goldman Sachs
New York
| – | -$2.65M | -31,857 | Closed |
|
129
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.74M | -20,909 | Closed |
|
|
FFN
130
Focus Financial Network
Minneapolis,
Minnesota
| – | -$255K | -3,069 | Closed |
|
131
Citadel Advisors
Miami,
Florida
| – | -$206K | -2,482 | Closed |
|
|
ASN
132
Advisory Services Network
Atlanta,
Georgia
| – | -$94K | -1,134 | Closed |
|
|
AWG
133
Altus Wealth Group
Colorado Springs,
Colorado
| – | -$21K | -255 | Closed |
|
|
ICP
134
Interchange Capital Partners
Pittsburgh,
Pennsylvania
| – | -$11K | -134 | Closed |
|
|
FWM
135
ForthRight Wealth Management
Alpharetta,
Georgia
| – | -$4K | -50 | Closed |
|
FNX Hedge Fund Activity: Q1 2021 in Review
124 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Core AlphaDEX Fund (FNX) for Q1 2021, worth a combined $506M — up 31% from $387M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FNX positions and 9 closed out — a net gain of 14 holders — while 43 added to existing stakes and 42 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $18.6M. The largest seller was Ameriprise, exiting entirely with an estimated $5.85M sold.
- 124 institutional investors held First Trust Mid Cap Core AlphaDEX Fund (FNX) as of Q1 2021, up from 111 in Q4 2020.
- Funds reported $506M of First Trust Mid Cap Core AlphaDEX Fund stock for Q1 2021, up 31% quarter-over-quarter.
- 23 funds opened new First Trust Mid Cap Core AlphaDEX Fund positions in Q1 2021 and 9 closed out, a net change of +14 holders.
- The largest First Trust Mid Cap Core AlphaDEX Fund buyer in Q1 2021 was Morgan Stanley, an estimated $18.6M added.
- The largest First Trust Mid Cap Core AlphaDEX Fund seller in Q1 2021 was Ameriprise, an estimated $5.85M sold.
Based on aggregated 13F filings for Q1 2021.