First Trust Mid Cap Growth AlphaDEX Fund
FNY
88 hedge funds and large institutions have $238M invested in First Trust Mid Cap Growth AlphaDEX Fund in 2023 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 25 increasing their positions, 27 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
44% more capital invested
Capital invested by funds: $165M → $238M (+$72.9M)
16.63% more ownership
Funds ownership: 61.82% → 78.44% (+17%)
7% more funds holding
Funds holding: 82 → 88 (+6)
7% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$27.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$19.5M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$3.24M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.58M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.86M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.78M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.6M |
| 5 |
AssetMark Inc
Concord,
California
|
-$679K |
FNY Hedge Fund Activity: Q4 2023 in Review
88 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Growth AlphaDEX Fund (FNY) for Q4 2023, worth a combined $238M — up 44% from $165M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FNY positions and 8 closed out — a net gain of 6 holders — while 25 added to existing stakes and 27 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $27.8M. The largest seller was Osaic Holdings, cutting an estimated $3.86M.
- 88 institutional investors held First Trust Mid Cap Growth AlphaDEX Fund (FNY) as of Q4 2023, up from 82 in Q3 2023.
- Funds reported $238M of First Trust Mid Cap Growth AlphaDEX Fund stock for Q4 2023, up 44% quarter-over-quarter.
- 14 funds opened new First Trust Mid Cap Growth AlphaDEX Fund positions in Q4 2023 and 8 closed out, a net change of +6 holders.
- The largest First Trust Mid Cap Growth AlphaDEX Fund buyer in Q4 2023 was Morgan Stanley, an estimated $27.8M added.
- The largest First Trust Mid Cap Growth AlphaDEX Fund seller in Q4 2023 was Osaic Holdings, an estimated $3.86M sold.
Based on aggregated 13F filings for Q4 2023.