First Trust Mid Cap Growth AlphaDEX Fund
FNY
55 hedge funds and large institutions have $121M invested in First Trust Mid Cap Growth AlphaDEX Fund in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 11 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
4% less funds holding
Funds holding: 57 → 55 (-2)
12.83% less ownership
Funds ownership: 75.98% → 63.15% (-13%)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
35% less capital invested
Capital invested by funds: $185M → $121M (-$64.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$4.6M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.2M |
| 3 |
Goldman Sachs
New York
|
+$1.82M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.18M |
| 5 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$13M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$9.98M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$7.75M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$6.03M |
| 5 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
-$3.55M |
FNY Hedge Fund Activity: Q4 2018 in Review
55 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Growth AlphaDEX Fund (FNY) for Q4 2018, worth a combined $121M — down 35% from $185M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FNY and 9 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 22 added.
The largest buyer was UBS Group, adding an estimated $4.6M. The largest seller was Cornerstone Wealth Management, cutting an estimated $13M.
- 55 institutional investors held First Trust Mid Cap Growth AlphaDEX Fund (FNY) as of Q4 2018, down from 57 in Q3 2018.
- Funds reported $121M of First Trust Mid Cap Growth AlphaDEX Fund stock for Q4 2018, down 35% quarter-over-quarter.
- 9 funds opened new First Trust Mid Cap Growth AlphaDEX Fund positions in Q4 2018 and 11 closed out, a net change of -2 holders.
- The largest First Trust Mid Cap Growth AlphaDEX Fund buyer in Q4 2018 was UBS Group, an estimated $4.6M added.
- The largest First Trust Mid Cap Growth AlphaDEX Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $13M sold.
Based on aggregated 13F filings for Q4 2018.