First Trust Switzerland AlphaDEX Fund
24 hedge funds and large institutions have $110M invested in First Trust Switzerland AlphaDEX Fund in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 6 closing their positions.
3% less capital invested
Capital invested by funds: $114M → $110M (-$3.2M)
4.2% less ownership
Funds ownership: 47.08% → 42.87% (-4.2%)
17% less funds holding
Funds holding: 29 → 24 (-5)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.43M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$980K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$718K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$316K |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$123K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$8.1M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.93M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.11M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$879K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$489K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
LPL Financial
San Diego,
California
| – | -$298K | -7,969 | Closed |
|
27
Citadel Advisors
Miami,
Florida
| – | -$228K | -5,901 | Closed |
|
28
SG Americas Securities
New York
| – | -$177K | -4,599 | Closed |
|
FSZ Hedge Fund Activity: Q3 2016 in Review
24 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Switzerland AlphaDEX Fund (FSZ) for Q3 2016, worth a combined $110M — down 2.8% from $114M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FSZ and 2 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was Susquehanna International Group, adding an estimated $2.43M. The largest seller was First Trust Advisors, cutting an estimated $8.1M.
- 24 institutional investors held First Trust Switzerland AlphaDEX Fund (FSZ) as of Q3 2016, down from 29 in Q2 2016.
- Funds reported $110M of First Trust Switzerland AlphaDEX Fund stock for Q3 2016, down 2.8% quarter-over-quarter.
- 2 funds opened new First Trust Switzerland AlphaDEX Fund positions in Q3 2016 and 6 closed out, a net change of -4 holders.
- The largest First Trust Switzerland AlphaDEX Fund buyer in Q3 2016 was Susquehanna International Group, an estimated $2.43M added.
- The largest First Trust Switzerland AlphaDEX Fund seller in Q3 2016 was First Trust Advisors, an estimated $8.1M sold.
Based on aggregated 13F filings for Q3 2016.