First Trust Large Cap Value AlphaDEX Fund
112 hedge funds and large institutions have $376M invested in First Trust Large Cap Value AlphaDEX Fund in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 57 reducing their positions, and 29 closing their positions.
14.09% less ownership
Funds ownership: 73.33% → 59.24% (-14%)
19% less funds holding
Funds holding: 138 → 112 (-26)
42% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 57
56% less capital invested
Capital invested by funds: $860M → $376M (-$484M)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
72% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.5M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.72M |
| 3 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
+$2.35M |
| 4 |
SF
Synovus Financial
Columbus,
Georgia
|
+$1.78M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GSWM
Golden State Wealth Management
Santa Ana,
California
|
-$56.9M |
| 2 |
Morgan Stanley
New York
|
-$38.1M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$35.2M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$21.4M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$20.6M |
FTA Hedge Fund Activity: Q1 2020 in Review
112 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Large Cap Value AlphaDEX Fund (FTA) for Q1 2020, worth a combined $376M — down 56% from $860M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of FTA and 8 opened new positions — a net loss of 21 holders — while 57 trimmed existing stakes and 33 added.
The largest buyer was Susquehanna International Group, adding an estimated $4.5M. The largest seller was Golden State Wealth Management, exiting entirely with an estimated $56.9M sold.
- 112 institutional investors held First Trust Large Cap Value AlphaDEX Fund (FTA) as of Q1 2020, down from 138 in Q4 2019.
- Funds reported $376M of First Trust Large Cap Value AlphaDEX Fund stock for Q1 2020, down 56% quarter-over-quarter.
- 8 funds opened new First Trust Large Cap Value AlphaDEX Fund positions in Q1 2020 and 29 closed out, a net change of -21 holders.
- The largest First Trust Large Cap Value AlphaDEX Fund buyer in Q1 2020 was Susquehanna International Group, an estimated $4.5M added.
- The largest First Trust Large Cap Value AlphaDEX Fund seller in Q1 2020 was Golden State Wealth Management, an estimated $56.9M sold.
Based on aggregated 13F filings for Q1 2020.