First Trust Large Cap Value AlphaDEX Fund
117 hedge funds and large institutions have $687M invested in First Trust Large Cap Value AlphaDEX Fund in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 44 increasing their positions, 44 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
6% more funds holding
Funds holding: 110 → 117 (+7)
0% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 44
6.32% less ownership
Funds ownership: 72.86% → 66.54% (-6.3%)
16% less capital invested
Capital invested by funds: $818M → $687M (-$132M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$15.5M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.78M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.43M |
| 4 |
PI
PFS Investments
Duluth,
Georgia
|
+$5.02M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$3.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$71.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$16.7M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$10.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$7.3M |
| 5 |
BS
Banco Santander
Madrid,
Spain
|
-$5.43M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
126
Ameriprise
Minneapolis,
Minnesota
| – | -$10.8M | -200 | Closed |
|
FTA Hedge Fund Activity: Q4 2018 in Review
117 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust Large Cap Value AlphaDEX Fund (FTA) for Q4 2018, worth a combined $687M — down 16% from $818M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FTA positions and 10 closed out — a net gain of 8 holders — while 44 added to existing stakes and 44 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $15.5M. The largest seller was Cornerstone Wealth Management, cutting an estimated $71.6M.
- 117 institutional investors held First Trust Large Cap Value AlphaDEX Fund (FTA) as of Q4 2018, up from 110 in Q3 2018.
- Funds reported $687M of First Trust Large Cap Value AlphaDEX Fund stock for Q4 2018, down 16% quarter-over-quarter.
- 18 funds opened new First Trust Large Cap Value AlphaDEX Fund positions in Q4 2018 and 10 closed out, a net change of +8 holders.
- The largest First Trust Large Cap Value AlphaDEX Fund buyer in Q4 2018 was Envestnet Asset Management, an estimated $15.5M added.
- The largest First Trust Large Cap Value AlphaDEX Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $71.6M sold.
Based on aggregated 13F filings for Q4 2018.