First Trust Switzerland AlphaDEX Fund
32 hedge funds and large institutions have $233M invested in First Trust Switzerland AlphaDEX Fund in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 3 reducing their positions, and 5 closing their positions.
500% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 3
7% more capital invested
Capital invested by funds: $219M → $233M (+$14.7M)
3% less funds holding
Funds holding: 33 → 32 (-1)
7.28% less ownership
Funds ownership: 100.02% → 92.74% (-7.3%)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$9.46M |
| 2 |
VSWA
Vontobel Swiss Wealth Advisors
Zurich,
Switzerland
|
+$3.87M |
| 3 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$1.06M |
| 4 |
Morgan Stanley
New York
|
+$895K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$792K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.71M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.01M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$75K |
| 4 |
Jane Street
New York
|
-$66.6K |
| 5 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$10K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FFW
26
Fusion Family Wealth
Woodbury,
New York
| $67K | – | – | – |
|
27
Citigroup
New York
| $48K | +$5.87K | +109 | +14% |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $41K | – | – | – |
|
29
JP Morgan Chase
New York
| $24K | +$25K | +465 | New |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $9K | – | – | – |
|
|
SWP
31
Stratos Wealth Partners
Beachwood,
Ohio
| $5K | – | – | – |
|
|
32
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.71M | -32,376 | Closed |
|
|
33
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$1.01M | -19,107 | Closed |
|
|
FAAS
34
First Allied Advisory Services
San Diego,
California
| – | -$75K | -1,429 | Closed |
|
|
WAP
35
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$10K | -194 | Closed |
|
|
CCM
36
Cribstone Capital Management
Augusta,
Maine
| – | -$2K | -45 | Closed |
|
FSZ Hedge Fund Activity: Q1 2018 in Review
32 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in First Trust Switzerland AlphaDEX Fund (FSZ) for Q1 2018, worth a combined $233M — up 6.7% from $219M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FSZ and 4 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 18 added.
The largest buyer was First Trust Advisors, adding an estimated $9.46M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $1.71M sold.
- 32 institutional investors held First Trust Switzerland AlphaDEX Fund (FSZ) as of Q1 2018, down from 33 in Q4 2017.
- Funds reported $233M of First Trust Switzerland AlphaDEX Fund stock for Q1 2018, up 6.7% quarter-over-quarter.
- 4 funds opened new First Trust Switzerland AlphaDEX Fund positions in Q1 2018 and 5 closed out, a net change of -1 holder.
- The largest First Trust Switzerland AlphaDEX Fund buyer in Q1 2018 was First Trust Advisors, an estimated $9.46M added.
- The largest First Trust Switzerland AlphaDEX Fund seller in Q1 2018 was Susquehanna International Group, an estimated $1.71M sold.
Based on aggregated 13F filings for Q1 2018.