First Trust Mid Cap Growth AlphaDEX Fund
FNY
50 hedge funds and large institutions have $134M invested in First Trust Mid Cap Growth AlphaDEX Fund in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 9 reducing their positions, and 4 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 9
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
44% more capital invested
Capital invested by funds: $93M → $134M (+$40.8M)
11.77% more ownership
Funds ownership: 67.08% → 78.84% (+12%)
9% more funds holding
Funds holding: 46 → 50 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$26.8M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$5.38M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.88M |
| 4 |
LPL Financial
San Diego,
California
|
+$3.4M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$2.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GRP
Global Retirement Partners
San Rafael,
California
|
-$1.21M |
| 2 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$793K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$599K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$110K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$65.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IWM
51
IHT Wealth Management
Chicago,
Illinois
| – | -$793K | -20,000 | Closed |
|
|
FCAG
52
First Capital Advisors Group
Little Silver,
New Jersey
| – | -$16K | -400 | Closed |
|
53
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -24 | Closed |
|
FNY Hedge Fund Activity: Q2 2018 in Review
50 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Growth AlphaDEX Fund (FNY) for Q2 2018, worth a combined $134M — up 44% from $93M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FNY positions and 4 closed out — a net gain of 4 holders — while 21 added to existing stakes and 9 trimmed.
The largest buyer was Cornerstone Wealth Management, adding an estimated $26.8M. The largest seller was Global Retirement Partners, exiting entirely with an estimated $1.21M sold.
- 50 institutional investors held First Trust Mid Cap Growth AlphaDEX Fund (FNY) as of Q2 2018, up from 46 in Q1 2018.
- Funds reported $134M of First Trust Mid Cap Growth AlphaDEX Fund stock for Q2 2018, up 44% quarter-over-quarter.
- 8 funds opened new First Trust Mid Cap Growth AlphaDEX Fund positions in Q2 2018 and 4 closed out, a net change of +4 holders.
- The largest First Trust Mid Cap Growth AlphaDEX Fund buyer in Q2 2018 was Cornerstone Wealth Management, an estimated $26.8M added.
- The largest First Trust Mid Cap Growth AlphaDEX Fund seller in Q2 2018 was Global Retirement Partners, an estimated $1.21M sold.
Based on aggregated 13F filings for Q2 2018.