First Trust Switzerland AlphaDEX Fund
26 hedge funds and large institutions have $68.8M invested in First Trust Switzerland AlphaDEX Fund in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 7 closing their positions.
18.14% less ownership
Funds ownership: 89.57% → 71.43% (-18%)
19% less funds holding
Funds holding: 32 → 26 (-6)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
48% less capital invested
Capital invested by funds: $133M → $68.8M (-$64.2M)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.95M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.15M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$838K |
| 4 |
Jane Street
New York
|
+$664K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$492K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$30M |
| 2 |
Morgan Stanley
New York
|
-$7.36M |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$2.69M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.33M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.53M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $3K | – | – | – |
|
|
BFEC
27
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$2.69M | -49,782 | Closed |
|
|
RJFSA
28
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$2.33M | -43,191 | Closed |
|
29
HighTower Advisors
Chicago,
Illinois
| – | -$896K | -16,580 | Closed |
|
|
FFS
30
Founders Financial Securities
Towson,
Maryland
| – | -$291K | -5,389 | Closed |
|
|
HI
31
Horizon Investments
Charlotte,
North Carolina
| – | -$291K | -5,389 | Closed |
|
|
SG
32
StoneX Group
New York
| – | -$237K | -4,379 | Closed |
|
|
WQ
33
Wealth Quarterback
Toms River,
New Jersey
| – | -$15 | -658 | Closed |
|
FSZ Hedge Fund Activity: Q1 2020 in Review
26 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Switzerland AlphaDEX Fund (FSZ) for Q1 2020, worth a combined $68.8M — down 48% from $133M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FSZ and 3 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 7 added.
The largest buyer was Susquehanna International Group, adding an estimated $2.95M. The largest seller was First Trust Advisors, cutting an estimated $30M.
- 26 institutional investors held First Trust Switzerland AlphaDEX Fund (FSZ) as of Q1 2020, down from 32 in Q4 2019.
- Funds reported $68.8M of First Trust Switzerland AlphaDEX Fund stock for Q1 2020, down 48% quarter-over-quarter.
- 3 funds opened new First Trust Switzerland AlphaDEX Fund positions in Q1 2020 and 7 closed out, a net change of -4 holders.
- The largest First Trust Switzerland AlphaDEX Fund buyer in Q1 2020 was Susquehanna International Group, an estimated $2.95M added.
- The largest First Trust Switzerland AlphaDEX Fund seller in Q1 2020 was First Trust Advisors, an estimated $30M sold.
Based on aggregated 13F filings for Q1 2020.