First Trust Mid Cap Growth AlphaDEX Fund
FNY
74 hedge funds and large institutions have $143M invested in First Trust Mid Cap Growth AlphaDEX Fund in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 24 reducing their positions, and 22 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 24
1.95% more ownership
Funds ownership: 56.86% → 58.81% (+1.9%)
13% less funds holding
Funds holding: 85 → 74 (-11)
21% less capital invested
Capital invested by funds: $181M → $143M (-$38.5M)
41% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$7.89M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$7.07M |
| 3 |
SL
Savior LLC
Wellesley Hills,
Massachusetts
|
+$2.81M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.09M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.54M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.35M |
| 3 |
JAWM
J. Arnold Wealth Management
Youngstown,
Ohio
|
-$1.88M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.64M |
| 5 |
HC
HNP Capital
Rochester,
New York
|
-$1.56M |
FNY Hedge Fund Activity: Q1 2020 in Review
74 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Growth AlphaDEX Fund (FNY) for Q1 2020, worth a combined $143M — down 21% from $181M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of FNY and 13 opened new positions — a net loss of 9 holders — while 24 trimmed existing stakes and 31 added.
The largest buyer was Benjamin F. Edwards & Company, adding an estimated $7.89M. The largest seller was Wells Fargo, cutting an estimated $4.54M.
- 74 institutional investors held First Trust Mid Cap Growth AlphaDEX Fund (FNY) as of Q1 2020, down from 85 in Q4 2019.
- Funds reported $143M of First Trust Mid Cap Growth AlphaDEX Fund stock for Q1 2020, down 21% quarter-over-quarter.
- 13 funds opened new First Trust Mid Cap Growth AlphaDEX Fund positions in Q1 2020 and 22 closed out, a net change of -9 holders.
- The largest First Trust Mid Cap Growth AlphaDEX Fund buyer in Q1 2020 was Benjamin F. Edwards & Company, an estimated $7.89M added.
- The largest First Trust Mid Cap Growth AlphaDEX Fund seller in Q1 2020 was Wells Fargo, an estimated $4.54M sold.
Based on aggregated 13F filings for Q1 2020.