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, 54 increasing their positions, 65 reducing their positions, and 13 closing their positions.
15% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 13
10% more capital invested
Capital invested by funds: $721M → $792M (+$71.1M)
1.21% more ownership
Funds ownership: 64.53% → 65.74% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1% less funds holding
Funds holding: 171 → 169 (-2)
17% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 65
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 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.04M |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$2.98M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$2.87M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.63M |
| 5 |
LI
LVZ Inc
Holland,
Michigan
|
-$2.56M |
FNX Hedge Fund Activity: Q1 2024 in Review
169 of the 6,958 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 — up 9.9% from $721M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FNX positions and 13 closed out — a net gain of 2 holders — while 54 added to existing stakes and 65 trimmed.
The largest buyer was Kaydan Wealth Management, adding an estimated $20.7M. The largest seller was Susquehanna International Group, cutting an estimated $3.04M.
- 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, up 9.9% 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 Susquehanna International Group, an estimated $3.04M sold.
Based on aggregated 13F filings for Q1 2024.