First Trust Mid Cap Core AlphaDEX Fund
169 hedge funds and large institutions have $792M invested in First Trust Mid Cap Core AlphaDEX Fund in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 53 increasing their positions, 66 reducing their positions, and 13 closing their positions.
15% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 13
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1% less funds holding
Funds holding: 171 → 169 (-2)
6% less capital invested
Capital invested by funds: $845M → $792M (-$52.9M)
9.89% less ownership
Funds ownership: 75.63% → 65.74% (-9.9%)
20% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KWM
Kaydan Wealth Management
Fenton,
Michigan
|
+$20.7M |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
+$8.01M |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$5.03M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$4.74M |
| 5 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$2.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$125M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.04M |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$2.98M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$2.87M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.63M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RA
176
RFG Advisory
Birmingham,
Alabama
| – | -$367K | -3,516 | Closed |
|
177
Two Sigma Investments
New York
| – | -$366K | -3,500 | Closed |
|
|
RJT
178
Raymond James Trust
St. Petersburg,
Florida
| – | -$265K | -2,541 | Closed |
|
|
IFG
179
Independent Financial Group
San Diego,
California
| – | -$237K | -2,266 | Closed |
|
|
CBFP
180
Cedar Brook Financial Partners
Cleveland,
Ohio
| – | -$227K | -2,230 | Closed |
|
181
Mariner
Overland Park,
Kansas
| – | -$201K | -1,929 | Closed |
|
|
TWM
182
Tradition Wealth Management
Edina,
Minnesota
| – | -$131K | -1,250 | Closed |
|
|
MFT
183
Moisand Fitzgerald Tamayo
Orlando,
Florida
| – | -$11.1K | -106 | Closed |
|
FNX Hedge Fund Activity: Q1 2024 in Review
169 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Core AlphaDEX Fund (FNX) for Q1 2024, worth a combined $792M — down 6.3% from $845M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FNX positions and 13 closed out — a net gain of 2 holders — while 53 added to existing stakes and 66 trimmed.
The largest buyer was Kaydan Wealth Management, adding an estimated $20.7M. The largest seller was Morgan Stanley, cutting an estimated $125M.
- 169 institutional investors held First Trust Mid Cap Core AlphaDEX Fund (FNX) as of Q1 2024, down from 171 in Q4 2023.
- Funds reported $792M of First Trust Mid Cap Core AlphaDEX Fund stock for Q1 2024, down 6.3% quarter-over-quarter.
- 15 funds opened new First Trust Mid Cap Core AlphaDEX Fund positions in Q1 2024 and 13 closed out, a net change of +2 holders.
- The largest First Trust Mid Cap Core AlphaDEX Fund buyer in Q1 2024 was Kaydan Wealth Management, an estimated $20.7M added.
- The largest First Trust Mid Cap Core AlphaDEX Fund seller in Q1 2024 was Morgan Stanley, an estimated $125M sold.
Based on aggregated 13F filings for Q1 2024.