First Trust Mid Cap Core AlphaDEX Fund
155 hedge funds and large institutions have $643M invested in First Trust Mid Cap Core AlphaDEX Fund in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 50 increasing their positions, 64 reducing their positions, and 18 closing their positions.
8% more capital invested
Capital invested by funds: $598M → $643M (+$44.9M)
1.21% less ownership
Funds ownership: 61.56% → 60.35% (-1.2%)
2% less funds holding
Funds holding: 158 → 155 (-3)
11% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 18
22% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 64
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$8.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$5.67M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$5.32M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$4.8M |
| 5 |
LPL Financial
San Diego,
California
|
+$3.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$12.7M |
| 2 |
GSEP
Golden State Equity Partners
South Coast Metro,
California
|
-$3M |
| 3 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
-$2.51M |
| 4 |
Bank of New York Mellon
New York
|
-$2.04M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.97M |
FNX Hedge Fund Activity: Q2 2023 in Review
155 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Core AlphaDEX Fund (FNX) for Q2 2023, worth a combined $643M — up 7.5% from $598M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FNX and 16 opened new positions — a net loss of 2 holders — while 64 trimmed existing stakes and 50 added.
The largest buyer was Morgan Stanley, adding an estimated $8.8M. The largest seller was Envestnet Asset Management, cutting an estimated $12.7M.
- 155 institutional investors held First Trust Mid Cap Core AlphaDEX Fund (FNX) as of Q2 2023, down from 158 in Q1 2023.
- Funds reported $643M of First Trust Mid Cap Core AlphaDEX Fund stock for Q2 2023, up 7.5% quarter-over-quarter.
- 16 funds opened new First Trust Mid Cap Core AlphaDEX Fund positions in Q2 2023 and 18 closed out, a net change of -2 holders.
- The largest First Trust Mid Cap Core AlphaDEX Fund buyer in Q2 2023 was Morgan Stanley, an estimated $8.8M added.
- The largest First Trust Mid Cap Core AlphaDEX Fund seller in Q2 2023 was Envestnet Asset Management, an estimated $12.7M sold.
Based on aggregated 13F filings for Q2 2023.