First Trust Mid Cap Growth AlphaDEX Fund
FNY
57 hedge funds and large institutions have $185M invested in First Trust Mid Cap Growth AlphaDEX Fund in 2018 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 11 reducing their positions, and 5 closing their positions.
155% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 11
140% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 5
39% more capital invested
Capital invested by funds: $134M → $185M (+$51.6M)
14% more funds holding
Funds holding: 50 → 57 (+7)
2.86% less ownership
Funds ownership: 78.84% → 75.98% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$8.03M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$7.48M |
| 3 |
Morgan Stanley
New York
|
+$6.62M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$3.83M |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$3.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$14M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.82M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$382K |
| 4 |
GTAM
Global Trust Asset Management
West Palm Beach,
Florida
|
-$338K |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$105K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCAG
51
Rehmann Capital Advisory Group
Lansing,
Michigan
| $15.7K | – | – | – |
|
52
Citigroup
New York
| $12K | – | – | – |
|
|
SWM
53
SeaCrest Wealth Management
Purchase,
New York
| $9K | – | – | – |
|
|
NWM
54
Northwest Wealth Management
Spencer,
Iowa
| $5K | – | – | – |
|
|
GWM
55
Geneos Wealth Management
Englewood,
Colorado
| $4K | +$1.82K | +40 | +62% |
|
|
SPIA
56
Steward Partners Investment Advisory
New York
| $2K | – | – | – |
|
|
GTAM
57
Global Trust Asset Management
West Palm Beach,
Florida
| – | -$338K | -7,800 | Closed |
|
58
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$40K | -932 | Closed |
|
59
SEI Investments
Oaks,
Pennsylvania
| – | -$24K | -564 | Closed |
|
60
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$12K | -270 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | -$5K | -126 | Closed |
|
FNY Hedge Fund Activity: Q3 2018 in Review
57 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Growth AlphaDEX Fund (FNY) for Q3 2018, worth a combined $185M — up 39% from $134M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FNY positions and 5 closed out — a net gain of 7 holders — while 28 added to existing stakes and 11 trimmed.
The largest buyer was Bank of America, adding an estimated $8.03M. The largest seller was Cornerstone Wealth Management, cutting an estimated $14M.
- 57 institutional investors held First Trust Mid Cap Growth AlphaDEX Fund (FNY) as of Q3 2018, up from 50 in Q2 2018.
- Funds reported $185M of First Trust Mid Cap Growth AlphaDEX Fund stock for Q3 2018, up 39% quarter-over-quarter.
- 12 funds opened new First Trust Mid Cap Growth AlphaDEX Fund positions in Q3 2018 and 5 closed out, a net change of +7 holders.
- The largest First Trust Mid Cap Growth AlphaDEX Fund buyer in Q3 2018 was Bank of America, an estimated $8.03M added.
- The largest First Trust Mid Cap Growth AlphaDEX Fund seller in Q3 2018 was Cornerstone Wealth Management, an estimated $14M sold.
Based on aggregated 13F filings for Q3 2018.