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 |
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.